NOT LISTED FOR SALE
14 Beds
8 Baths
5,898 Sq Ft
6,375 Sq Ft Lot

Sale Details

Date Sold: July 11, 2014

Last sale price $700,000 $119 Per Sq Ft

40 Days on Market

Highlights

  • Fireplace in Bathroom
  • No HOA
  • Wall Furnace

About This Home

As of July 2014

GREAT VALUE 8 UNIT APARTMENT BUILDING IN THE WRIGLEY AREA OF LONG BEACH WITH A GOOD UNIT MIX OF FIVE 2 BEDROOM 1BATH, ONE 3BEDROOM 1BATH, ONE 1BEDROOM 1BATH & A SINGLE/STUDIO 1BATH. NEWER EXTERIOR PAINT & ROOF, FIRE EXTINGUISHER OUTSIDE EACH UNIT, GATED FENCE WITH LOCKING KEY. 3 SPACES OPEN PARKING, LEASED LAUNDRY FACILITY ON SITE. GOOD LONG TERM TENANTS PAY RENT
ON TIME. SOLD IN AS IS CONDITION. STANDARD SALE.

Last Agent to Sell the Property

Myrna Dwyer

C-21 Classic Estates License #00830112 Listed on: 05/01/2014

Last Buyer's Agent

Myrna Dwyer

C-21 Classic Estates License #00830112 Listed on: 05/01/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 6,375 Sq Ft Lot
  • Two or More Common Walls
  • Fence is in average condition

Home Design

  • Property Attached
  • Slab Foundation
  • Stucco

Interior Spaces

  • 5,898 Sq Ft Home
  • 2-Story Property
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry in unit
  • Leased Washer and Dryer

Parking

  • 3 Parking Spaces
  • Parking Available
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 18 / 2
  • Tax Tract Number 5161
  • Assessor Parcel Number 7209025019

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Gardener Expense $480
  • Insurance Expense $3,684
  • Maintenance Expense $1,200
  • Water Sewer Expense $4,800
  • New Taxes Expense $8,904
  • Gross Income $5,725
  • Net Operating Income $47,448

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

6,375 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Maintained, Paved
  • Subdivision Name Other: Wrigley Area (WR)
  • View: No
  • Water Sewer Expenses: 4800.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7209025019
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Bath, Kitchen
  • Levels: Two
  • Price Per Square Foot: 118.68

Exterior Features

  • Foundation: Slab
  • Fencing: Average Condition
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Size Sq Ft: 6375.00
  • Lot Size Acres: 0.1460

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 700
  • Average2 Bed Area: 750
  • Average3 Bed Area: 850
  • Average Studio Area: 548
  • Electric Expense: 480.00
  • Gross Income: 5725.00
  • Gross Scheduled Income: 68700.00
  • Gross Spendable Income: 68700.00
  • Insurance Expense: 3684.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6375.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 47448.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 22452.00
  • Rent Control: No
  • Total Actual Rent: 5725.00

Tax Info

  • New Taxes Expense: 8904.00
  • Tax Block: 2
  • Tax Lot: 18
  • Tax Tract Number: 5161
  • Tax Year: 2013

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 18, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,330,000
Interest Rate
0.028%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$812,500
Interest Rate
0.0387%
Mortgage Type
Commercial

Purchase Details

Listed on
May 1, 2014
Closed on
Jul 22, 2014
Sold by
Bought by
Seller's Agent
Myrna Dwyer
C-21 Classic Estates
Buyer's Agent
Myrna Dwyer
C-21 Classic Estates
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
0.0416%
Mortgage Type
Commercial

Purchase Details

Listed on
May 1, 2014
Closed on
Jun 12, 2014
Sold by
Bought by
Seller's Agent
Myrna Dwyer
C-21 Classic Estates
Buyer's Agent
Myrna Dwyer
C-21 Classic Estates
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
0.0416%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 7, 2014
Sold by
Bought by

Purchase Details

Closed on
Dec 11, 2007
Sold by
Bought by

Purchase Details

Closed on
Jan 15, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
0.0585%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Orange Coast Ttl Co Of Socal
-- Chicago Title Company
-- None Available
$700,000 Fidelity National Title
-- None Available
-- Accommodation
-- Ticor Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,330,000
Closed $812,500
Closed $350,000
Previous Owner $430,000
Previous Owner $390,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/11/2014 07/11/14 Sold $700,000 -6.7% $119 / Sq Ft
06/10/2014 06/10/14 Pending -- -- --
05/01/2014 05/01/14 For Sale $750,000 -- $127 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,367 $841,288 $360,551 $480,737
2024 $11,802 $824,793 $353,482 $471,311
2023 $11,592 $808,621 $346,551 $462,070
2022 $15,290 $1,161,379 $475,875 $685,504
2021 $14,954 $1,138,608 $466,545 $672,063
2019 $10,497 $754,432 $323,216 $431,216
2018 $10,176 $739,645 $316,879 $422,766
2016 $9,350 $710,675 $304,575 $406,100
2015 $8,993 $700,000 $300,000 $400,000
2014 -- $705,278 $366,602 $338,676
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS14092183

California Regional Multiple Listing Service (CRMLS)
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