NOT LISTED FOR SALE

21302 S Prospect Ave Long Beach, CA 90810

Estimated Value: $680,000 - $742,634

4 Beds
3 Baths
1,456 Sq Ft
$490/Sq Ft Est. Value

Last Sold October 01, 2020

Last sale price $555,000 $381 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,486/month

7 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • 3 Car Garage
  • Corner Lot
  • Laundry Room

About This Home

As of October 2020

Great investment opportunity in Carson! 4 bedroom triplex on a 111' x 51' lot with a detached 3 car garage. Property has significant upside rent potential.

Last Agent to Sell the Property

Tracy Davis

Compass License #02008416 Listed on: 07/21/2020

Compass

Co-Listed By

Brian Sperry

Compass License #01478815

Last Buyer's Agent

Matt Mahowald

Buckingham Investments, Inc License #02001732

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,972

Year Built

  • Built in 1941

Lot Details

  • 5,675 Sq Ft Lot
  • Lot Dimensions are 111 x 51
  • No Common Walls
  • Corner Lot

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Shared Driveway

Home Design

  • Triplex

Interior Spaces

  • 1,456 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 29
  • Tax Tract Number 6720
  • Assessor Parcel Number 7308016016

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gardener Expense $1,570
  • Pest Control $350
  • Water Sewer Expense $1,080
  • New Taxes Expense $6,069
  • Operating Expense $8,719
  • Gross Income $36,933
  • Net Operating Income $22,090

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,972

Year Built

Built in 1941

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 4.20
  • Property Attached: No
  • Water Sewer Expenses: 1080.00
  • Zoning: CARM25U*
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1570.00
  • Parcel Number: 7308016016
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 381.18
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Shared Driveway
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 350.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size: 111 x 51
  • Lot Size Sq Ft: 5675.00
  • Lot Size Acres: 0.1303

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average1 Bed Area: 425 Square Feet
  • Average2 Bed Area: 650 Square Feet
  • Gross Income: 36933.00
  • Gross Multiplier: 14.00
  • Gross Scheduled Income: 36933.00
  • Gross Spendable Income: 36933.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 270.00
  • Lot Size Area: 5675.0000 Square Feet
  • Net Operating Income: 22090.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 14843.00
  • Other Income1: 540.00
  • Rent Control: No
  • Total Expenses: 8719.00

Tax Info

  • New Taxes Expense: 6069.00
  • Tax Area: 1069
  • Tax Census Tract: 5440.01
  • Tax Lot: 29
  • Tax Rate: 1.16
  • Tax Tract Number: 6720

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2020
Sold by
Yost Dorothy M and The D & D Yost Family Trust
Bought by
Mahowald Matthew Jeffrey and Mahowald Rachel Beth
Current Estimated Value
$714,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,476
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 16, 1995
Sold by
Yost Dallas R and Yost Dorothy M
Bought by
Yost Dallas R
Source: Public Records

Range of Values:

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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
Mahowald Matthew Jeffrey $555,000 Ticor Title Company
Yost Dallas R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mahowald Matthew Jeffrey $536,476
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2020 10/01/20 Sold $555,000 +5.7% $381 / Sq Ft
07/21/2020 07/21/20 For Sale $525,000 -- $361 / 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 $8,972 $600,749 $270,608 $330,141
2024 $8,972 $588,970 $265,302 $323,668
2023 $8,776 $577,422 $260,100 $317,322
2022 $8,347 $566,100 $255,000 $311,100
2021 $8,241 $555,000 $250,000 $305,000
2020 $5,406 $313,336 $171,514 $141,822
2019 $5,237 $307,193 $168,151 $139,042
2018 $5,141 $301,170 $164,854 $136,316
2016 $4,957 $289,477 $158,453 $131,024
2015 $4,833 $285,129 $156,073 $129,056
2014 $4,821 $279,544 $153,016 $126,528
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20144746

California Regional Multiple Listing Service (CRMLS)

APN: 7308-016-016