NOT LISTED FOR SALE

Estimated Value: $1,453,000 - $1,697,000

5 Beds
4 Baths
2,708 Sq Ft
$574/Sq Ft Est. Value

Last Sold December 01, 2021

Last sale price $1,350,000 $499 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $9,724/month

79 Days on Market

Highlights

  • 0.15 Acre Lot
  • Wood Flooring
  • Tile Countertops
  • Woodrow Wilson High School Rated A
  • Sun or Florida Room
  • Living Room

About This Home

As of December 2021

Four Units Located 1/2 a mile from the Long Beach Coast. The Charming 2 bed/1 bath Craftsman Home (approx 1,100 s.f) has a big front yard, wonderful porch, sun room & beautiful hardwood floors. The 1 Bed/ 1Ba Unit (500 s.f) Behind the House, also has hardwood floors, a private entrance and a side yard for tenants to enjoy. Two Spacious 1 bed/ 1 bath Units (600 s.f each) sit atop the 4 Car Garages with Alley Access. The Back Building has Fresher Paint and new roof both completed October 2020. On site separate coined laundry room for convenience of tenants. Walking Score is 89 and Biking Score is 91! Blocks from Alamitos Beach and Junipero Beach, Carroll Park, Bluff Park, Long Beach Museum of Art, minutes from Belmont Shore, Downtown, Pine Street, all the wonderful restaurants, shopping and entertainment. Great investment opportunity or live in one and rent the other 3 units!

Last Agent to Sell the Property

Monica Mojarro

New Leaf Realty License #01272965 Listed on: 08/10/2021

New Leaf Realty

Last Buyer's Agent

Teodora Panayotova

Compass License #01715774

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908

Lot Details

  • 6,504 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Wood Fence
  • Rectangular Lot
  • Side Yard Sprinklers
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Bungalow
  • Property Attached
  • Combination Foundation
  • Raised Foundation
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,708 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Sun or Florida Room
  • Laundry Room

Kitchen

  • Free-Standing Range
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Floor Furnace
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Legal Lot and Block 9 / 1
  • Assessor Parcel Number 7263005025
  • $765 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Belmont Heights Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $2,800
  • Water Sewer Expense $1,716
  • New Taxes Expense $17,487
  • Operating Expense $22,963
  • Gross Income $6,000
  • Net Operating Income $77,837

Property Details

Home Type

Multi-Family

Year Built

Built in 1908

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 1716.00
  • Zoning: LBR1N
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7263005025
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Tile Counters
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Vinyl, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 498.52
  • Room Type: Kitchen, Laundry, Living Room, Sun

Exterior Features

  • Foundation: Combination, Raised, Slab
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Water Heater
  • Heating Type: Floor Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Rectangular Lot, Sprinklers On Side
  • Lot Size Sq Ft: 6504.00
  • Lot Size Acres: 0.1493

Rental Info

  • Garage Rental Rate: 100.00
  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Garage Income: 4800.00
  • Gross Income: 6000.00
  • Gross Scheduled Income: 94800.00
  • Insurance Expense: 2800.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1200.00
  • Lot Size Area: 6504.0000 Square Feet
  • Net Operating Income: 77837.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 22963.00
  • Rent Control: No
  • Total Actual Rent: 3195.00
  • Total Expenses: 22963.00

Tax Info

  • New Taxes Expense: 17487.00
  • Tax Area: 5500
  • Tax Block: 1
  • Tax Census Tract: 5768.01
  • Tax Lot: 9
  • Tax Tract Number: ALPK
  • TaxOtherAnnualAssessmentAmount: 765.33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2021
Closed on
Oct 28, 2021
Sold by
Vandelinder William G
Bought by
Connelly Michiyo H and Martyn Bookwalter D
Seller's Agent
Monica Mojarro
New Leaf Realty
Buyer's Agent
Teodora Panayotova
Compass
List Price
$1,399,000
Sold Price
$1,350,000
Premium/Discount to List
-$49,000
-3.5%
Current Estimated Value
$1,553,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,618
Avg. Annual Appreciation
3.52%
Original Mortgage
$875,000
Outstanding Balance
$801,231
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$752,387

Purchase Details

Closed on
Jun 15, 2000
Sold by
Plocher Philip And Gwendolyn Trs
Bought by
Vandelinder William and Vandelinder Suzette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,400
Interest Rate
8.12%

Purchase Details

Closed on
Oct 11, 1993
Sold by
Plocher Philip D and Plocher Gwendolyn Ann
Bought by
Plocher Philip David and Plocher Gwendolyn Ann
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
Connelly Michiyo H $1,350,000 First American Title Company O
Vandelinder William $358,000 North American Title Co
Plocher Philip David -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Connelly Michiyo H $875,000
Previous Owner Vandelinder William $286,400
Closed Vandelinder William $35,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2021 12/01/21 Sold $1,350,000 -3.5% $499 / Sq Ft
10/28/2021 10/28/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $1,399,000 -- $517 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $19,009 $1,432,630 $848,966 $583,664
2024 $18,189 $1,404,540 $832,320 $572,220
2023 $17,881 $1,377,000 $816,000 $561,000
2022 $16,780 $1,350,000 $800,000 $550,000
2021 $6,621 $498,354 $278,411 $219,943
2019 $6,524 $483,574 $270,154 $213,420
2018 $6,284 $474,093 $264,857 $209,236
2016 $5,778 $455,685 $254,573 $201,112
2015 $5,554 $448,842 $250,750 $198,092
2014 $5,532 $440,051 $245,839 $194,212
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21175783

California Regional Multiple Listing Service (CRMLS)

APN: 7263-005-025