NOT LISTED FOR SALE

Estimated Value: $1,147,000 - $1,624,000

8 Beds
6 Baths
3,372 Sq Ft
$420/Sq Ft Est. Value

Last Sold May 13, 2021

Last sale price $1,225,000 $363 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $8,921/month

60 Days on Market

About This Home

As of May 2021

Great Investment Opportunity to own a 4-Plex in North Long Beach! Excellent Cash Flow. All 4 units are 100% Occupied. Great for Buy and Hold investor. Property sits on a 11,540 SF lot. Close access to 91 and 710 freeways. Unit mix consist of: Unit One: 3 Bed, 2 Bath; Unit Two: 2 Bed, 1 bath; Unit Three: 1 Bed, 1 Bath; Unit Four: 2 Bed, 1 Bath. Don't miss this opportunity to own a great investment property!!!

Last Agent to Sell the Property

Robin Mitchell

Realty Executives Westside License #02004841 Listed on: 02/04/2021

Realty Executives Westside

Last Buyer's Agent

Deborah Pickard

License #01349436

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 0.26

Parking

  • 4 Car Garage

Interior Spaces

  • 3,372 Sq Ft Home
  • 2-Story Property
  • Gas Dryer Hookup

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Additional Features

  • 0.26 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Buildings
  • 4 Units

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for gardener, water
  • Assessor Parcel Number 7303-018-002

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3372
  • Probate: No
  • Stories: 2
  • Year Built: 1944
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 6.00
  • Equipment: Dishwasher, Garbage Disposal, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Range/Oven
  • Price Per S Q F T: 400.00

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 4+ Car
  • Total Parking: 4

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 300000
  • Assessed Land Value: 465000
  • Assessor Parcel Number: 7303-018-002
  • Lot Size Area: 11540

Rental Info

  • Owner Pays: Gardener, Water
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 11.43
  • Number Of Units: 4
  • Type Of Units: Rental

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2022
Sold by
Pickard Allison E and Pickard Deborah E
Bought by
Pickard Family Trust
Current Estimated Value
$1,417,803

Purchase Details

Closed on
Jan 3, 2007
Sold by
Gilmore Reginald
Bought by
Gilmore Betty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
6.1%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 27, 2006
Sold by
Williams Duane D and Williams Dwight D
Bought by
Gilmore Betty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
6.1%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 31, 2002
Sold by
Williams Mildred M
Bought by
Williams Mildred M and The Williams Family Trust

Purchase Details

Closed on
Sep 15, 1996
Sold by
Williams S M and Williams M
Bought by
Williams Stafford M and Williams Mildred M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pickard Family Trust -- None Listed On Document
Gilmore Betty -- Gateway Title Company Orange
Gilmore Betty $885,000 Gateway Title Company Orange
Williams Mildred M -- --
Williams Stafford M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gilmore Betty $221,250
Previous Owner Gilmore Betty $619,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2021 05/13/21 Sold $1,225,000 -9.3% $363 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $1,350,000 0.0% $400 / Sq Ft
02/12/2021 02/12/21 Pending -- -- --
02/04/2021 02/04/21 For Sale $1,350,000 -- $400 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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 $17,914 $1,325,978 $676,520 $649,458
2024 $17,191 $1,299,979 $663,255 $636,724
2023 $16,919 $1,274,490 $650,250 $624,240
2022 $15,908 $1,249,500 $637,500 $612,000
2021 $14,064 $1,095,407 $662,197 $433,210
2020 $14,028 $1,084,915 $655,407 $429,508
2019 $11,891 $900,740 $545,000 $355,740
2018 $10,739 $825,740 $500,000 $325,740
2016 $8,740 $695,000 $410,000 $285,000
2015 $7,330 $590,000 $350,000 $240,000
2014 $7,423 $590,000 $350,000 $240,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-686812

The MLS

APN: 7303-018-002