NOT LISTED FOR SALE

Estimated Value: $1,013,000

4 Beds
6 Baths
3,880 Sq Ft
$261/Sq Ft Est. Value

Sale Details

Date Sold: July 14, 2017

Last sale price $890,000 $229 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $6,644 / mo

68 Days on Market

About This Home

As of July 2017

Mixed-use investment property on highly trafficked Pacific Avenue. Two buildings including retail store front and residential 4-plex with potential for upside. Front building is a ± 2,280 SQFT retail store front, ideal for an owner/user. Rear building is a two-story ± 1,600 SQFT building with 4 studio apartments and 4 surface parking spaces. All residential units are occupied and have been recently rehabbed with new floors, new wall heaters, and updated cabinets. Seller financing available. Seller is in the process of raising several of the rents. Priced to sell at 5.7% CAP on ACTUAL. 2345 Pacific Avenue recently sold at a 5% CAP on actual.

Located directly across from the popular Northgate market on the well-patronized Pacific Avenue corridor of South Wrigley. Situated between W Hill Street and W 21st Street and just minutes from Downtown Long Beach.

Last Agent to Sell the Property

Jeff Anderson

eXp Realty of California Inc License #01729514 Listed on: 03/24/2017

eXp Realty of California Inc

Last Buyer's Agent

Julio Aguilar

Recap Properties License #01734468

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 4,701 Sq Ft Lot
  • 1 Common Wall
  • Paved or Partially Paved Lot

Home Design

  • 3,880 Sq Ft Home
  • Property Attached

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available

Additional Features

  • 6 Bathrooms
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 24
  • Tax Tract Number 5162
  • Assessor Parcel Number 7205028025

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Leased Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

4,701 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Zoning: LBCNP
  • Property Type: Residential Income
  • Parcel Number: 7205028025
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 229.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Uncovered
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 4701.00

Multi Family

  • Gross Scheduled Income: 66000.00
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Other Income1: 7200.00
  • Rent Control: No

Tax Info

  • Tax Lot: 24
  • Tax Tract Number: 5162

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2017
Closed on
Jun 30, 2017
Sold by
Bought by
Seller's Agent
Jeff Anderson
eXp Realty of California Inc
Buyer's Agent
Julio Aguilar
Recap Properties
List Price
$874,900
Sold Price
$890,000
Premium/Discount to List
$15,100
1.73%
Current Estimated Value
$1,013,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,000
Original Mortgage
$742,278
Interest Rate
0.0394%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 26, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
0.0638%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 21, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
0.0827%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 15, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
0.0827%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$890,000 Ticor Title Company
-- None Available
-- Chicago Title Co
-- Chicago Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $800,000
Closed $742,278
Closed $440,000
Closed $1,500,000
Closed $145,000
Closed $15,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/14/2017 07/14/17 Sold $890,000 -1.1% $229 / Sq Ft
05/31/2017 05/31/17 Pending -- -- --
04/22/2017 04/22/17 Price Changed $900,000 +2.9% $232 / Sq Ft
03/24/2017 03/24/17 For Sale $874,900 -- $225 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,065 $1,012,663 $341,347 $671,316
2024 $13,436 $992,807 $334,654 $658,153
2023 $13,203 $973,342 $328,093 $645,249
2022 $12,404 $954,258 $321,660 $632,598
2021 $13,786 $935,548 $315,353 $620,195
2019 $11,967 $908,080 $306,000 $602,080
2018 $11,610 $890,280 $300,000 $590,280
2016 $3,699 $251,868 $64,912 $186,956
2015 $3,568 $248,085 $63,937 $184,148
2014 $3,548 $243,226 $62,685 $180,541
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17061693

California Regional Multiple Listing Service (CRMLS)

APN: 7205-028-025

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