NOT LISTED FOR SALE

Estimated Value: $847,700 - $1,010,000

5 Beds
3 Baths
2,616 Sq Ft
$363/Sq Ft Est. Value

Last Sold October 08, 2014

Last sale price $459,000 $175 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $5,583/month

8 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • No HOA
  • Floor Furnace

About This Home

As of October 2014

Craftsman Triplex in Long Beach. Front house has 3 bedrooms and 1 bathroom with classic early 1900’s style and charm. The back two units each have 1 bedroom and 1 bathroom. Separate electrical and gas meters. 3-car garage plus additional off-street parking. These units have long term tenants and strong financials. Close to the Blue Line and all that Downtown Long Beach has to offer, shops, restaurants, movies and clubs.

Last Agent to Sell the Property

Geoffrey Rudy

Keller Williams Pacific Estate License #01455475 Listed on: 08/25/2014

Keller Williams Pacific Estate

Co-Listed By

Sergio Vargas

Circle Real Estate License #01836160

Last Buyer's Agent

Geoffrey Rudy

Keller Williams Pacific Estate License #01455475 Listed on: 08/25/2014

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,191 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall

Parking

  • 3 Car Garage
  • Parking Available
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Craftsman Architecture
  • Property Attached
  • Entry on the 1st floor
  • Raised Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,616 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Floor Furnace
  • Sewer Paid

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 7 / C
  • Assessor Parcel Number 7209013037

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $850
  • Pest Control $750
  • Trash Expense $950
  • Water Sewer Expense $650
  • New Taxes Expense $5,737
  • Gross Income $3,033
  • Net Operating Income $27,297

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.95
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Subdivision Name Other: Wrigley Area (WR)
  • View: No
  • Water Sewer Expenses: 650.00
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Parcel Number: 7209013037
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl, Wood
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 175.46
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Concrete, Off Street, On Site
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Inside
  • Pest Control Expense: 750.00
  • Sewer: Sewer Paid
  • Trash Expense: 950.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 7191.00
  • Lot Size Acres: 0.1650

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3033.00
  • Gross Multiplier: 12.61
  • Gross Scheduled Income: 36396.00
  • Insurance Expense: 850.00
  • Lot Size Area: 7191.0000 Square Feet
  • Net Operating Income: 27297.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 9099.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 3033.00

Tax Info

  • New Taxes Expense: 5737.00
  • Tax Block: C
  • Tax Lot: 7
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2020
Sold by
Cheng Lim And Sylene Rosan Suy Living Tr and Lim Cheng
Bought by
Lim Cheng and Suy Sylene Rosan
Current Estimated Value
$949,675

Purchase Details

Closed on
Jul 9, 2015
Sold by
Lim Cheng and Suy Sylene Rosan
Bought by
The Cheng Lim & Sylene Rosan Suy Living

Purchase Details

Listed on
Aug 25, 2014
Closed on
Sep 23, 2014
Sold by
Clem John R and Clem John R
Bought by
Lim Cheng and Suy Sylene Rosan
Seller's Agent
Geoffrey Rudy
Keller Williams Pacific Estate
Buyer's Agent
Geoffrey Rudy
Keller Williams Pacific Estate
List Price
$459,000
Sold Price
$459,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.60%
Original Mortgage
$252,450
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2002
Sold by
Franks O D and Franks Lois
Bought by
Clem John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,500
Interest Rate
5.95%

Purchase Details

Closed on
Oct 12, 2000
Sold by
Maynard Stephen
Bought by
Franks O D and Franks Lois

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,850
Interest Rate
6.89%

Purchase Details

Closed on
Aug 21, 1999
Sold by
Maynard Denise D
Bought by
Maynard Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
8.12%

Purchase Details

Closed on
Aug 19, 1999
Sold by
Baker Brenda and Brenda Banker Revocable Trust
Bought by
Maynard Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
8.12%

Purchase Details

Closed on
Feb 20, 1998
Sold by
Baker Brenda and Baker B
Bought by
Baker Brenda and Brenda Baker Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Lim Cheng -- Pacific Coast Title
Cheng Lim And Sylene Rosan Suy Living Trust -- Pacific Coast Title
The Cheng Lim & Sylene Rosan Suy Living -- None Available
Lim Cheng $459,000 Ticor Title Company
Clem John R -- Ticor Title Company
Clem John R $290,000 Fidelity National Title Co
Franks O D $221,000 Fidelity Title
Maynard Stephen -- North American Title Co
Maynard Stephen $130,000 North American Title Co
Baker Brenda -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lim Cheng $252,450
Previous Owner Clem John R $214,500
Previous Owner Franks O D $187,850
Previous Owner Maynard Stephen $104,000
Closed Maynard Stephen $13,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2014 10/08/14 Sold $459,000 0.0% $175 / Sq Ft
09/02/2014 09/02/14 Pending -- -- --
08/25/2014 08/25/14 For Sale $459,000 -- $175 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,825 $551,640 $240,367 $311,273
2024 $7,468 $540,824 $235,654 $305,170
2023 $7,342 $530,221 $231,034 $299,187
2022 $6,907 $519,825 $226,504 $293,321
2021 $6,759 $509,633 $222,063 $287,570
2020 $6,741 $504,409 $219,787 $284,622
2019 $6,664 $494,520 $215,478 $279,042
2018 $6,384 $484,824 $211,253 $273,571
2016 $5,869 $465,999 $203,050 $262,949
2015 $5,640 $459,000 $200,000 $259,000
2014 $4,391 $342,620 $129,957 $212,663
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14183222

California Regional Multiple Listing Service (CRMLS)

APN: 7209-013-037

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