NOT LISTED FOR SALE

Estimated Value: $843,000 - $1,038,000

6 Beds
4 Baths
2,352 Sq Ft
$389/Sq Ft Est. Value

Last Sold July 27, 2023

Last sale price $840,000 $357 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,782/month

25 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • 1-Story Property
  • Long Beach Polytechnic High School Rated A
  • Level Lot

About This Home

As of July 2023

Three on a large lot, all single story 2 bedroom Units. Unit Mix - 2/1.5, 2 + Den/1, 2/1. Hot and Cold Water pipes have been updated to copper pipes. Ceramic tile floors. Gated property. Outdoor space for tenants' use. Individual meters for Gas and Electric. Long term tenants. Convenient location near Metro rail, buses, and shopping. Great for owner occupied or an investor.

Last Agent to Sell the Property

Richard Bell

Bell Realty Group License #01344469 Listed on: 05/12/2023

Last Buyer's Agent

Isabel Lechuga

Castillo Realty License #01240072

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,133

Year Built

  • Built in 1910

Lot Details

  • 7,307 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Level Lot

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,352 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Parking Available

Utilities

  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 32 / 3
  • Tax Tract Number 2
  • Assessor Parcel Number 7208028019
  • $680 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,400
  • Maintenance Expense $1,200
  • Other Expense $1,564
  • Water Sewer Expense $2,400
  • New Taxes Expense $10,625
  • Operating Expense $17,289
  • Gross Income $63,000
  • Net Operating Income $22,404

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,133

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Price Per Unit: 283333
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Water Sewer Expenses: 2400.00
  • Zoning: LBR1N
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7208028019
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Front Porch
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Entry Level: 1
  • Price Per Square Foot: 357.14
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 7307.00
  • Lot Size Acres: 0.1677

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 63000.00
  • Gross Operating Income: 39692.00
  • Gross Scheduled Income: 40920.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 7307.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 22404.00
  • 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: 17289.00
  • Other Expense: 1564.00
  • Other Expense Description: Misc.
  • Other Income Description: Gross Income is at Market Rent
  • Rent Control: Yes
  • Total Expenses: 17289.00
  • Vacancy Allowance: 1228
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10625.00
  • Tax Block: 3
  • Tax Census Tract: 5732.02
  • Tax Lot: 32
  • Tax Tract Number: 2
  • TaxOtherAnnualAssessmentAmount: 680.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2024
Sold by
Crespo Family Llc
Bought by
Bados Hector Crespo and Elvir Denis Crespo
Current Estimated Value
$915,644

Purchase Details

Listed on
May 12, 2023
Closed on
Aug 21, 2023
Sold by
Crespo Bados Hector and Crespo Elvir Denis
Bought by
Crespo Family Llc
Seller's Agent
Richard Bell
Bell Realty Group
Buyer's Agent
Isabel Lechuga
Castillo Realty
List Price
$850,000
Sold Price
$840,000
Premium/Discount to List
-$10,000
-1.18%
Views
289

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.98%

Purchase Details

Closed on
Aug 1, 2016
Sold by
Chan Kang and Chan Chin Ming
Bought by
Chan Kang and Chan Chin Ming

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 4, 2013
Closed on
Jun 4, 2013
Sold by
Veatch Michelle and Richard W Burres Living Trust
Bought by
Chan Kang and Chan Chin Ming
Seller's Agent
Raleigh Dew
Coldwell Banker Realty
Buyer's Agent
Raleigh Dew
Coldwell Banker Realty
List Price
$330,000
Sold Price
$371,000
Premium/Discount to List
$41,000
12.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.60%

Purchase Details

Closed on
Dec 7, 2005
Sold by
Burres Richard W
Bought by
Burres Richard W and The Richard W Burres Living Tr
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Bados Hector Crespo -- None Listed On Document
Crespo Family Llc -- None Listed On Document
Chan Kang -- First American Title Company
Chan Kang -- First American Title
Chan Kang $371,000 Lawyers Title
Burres Richard W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chan Kang $297,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/27/2023 07/27/23 Sold $840,000 -1.2% $357 / Sq Ft
05/12/2023 05/12/23 For Sale $850,000 +129.1% $361 / Sq Ft
06/14/2013 06/14/13 Sold $371,000 +12.4% $158 / Sq Ft View Prior Sale
06/03/2013 06/03/13 Pending -- -- --
05/22/2013 05/22/13 For Sale $330,000 -- $140 / 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 $11,133 $906,780 $549,780 $357,000
2024 $11,133 $840,000 $546,000 $294,000
2023 $6,163 $439,111 $236,719 $202,392
2022 $5,800 $430,502 $232,078 $198,424
2021 $5,673 $422,062 $227,528 $194,534
2020 $5,659 $417,735 $225,195 $192,540
2019 $5,594 $409,545 $220,780 $188,765
2018 $5,364 $401,515 $216,451 $185,064
2016 $4,933 $385,926 $208,047 $177,879
2015 $4,742 $380,130 $204,922 $175,208
2014 $4,722 $372,684 $200,908 $171,776
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23080258

California Regional Multiple Listing Service (CRMLS)

APN: 7208-028-019