K
Seller's Agent in 2024
KC James Dorame
Allure Capital Management Corp
2165 Earl Ave Long Beach, CA 90806
Southeast Wrigley NeighborhoodEstimated Value: $1,376,000 - $1,538,000
8
Beds
4
Baths
3,769
Sq Ft
$381/Sq Ft
Est. Value
Highlights
- 8 Car Attached Garage
- Tandem Parking
- Laundry Room
- Long Beach Polytechnic High School Rated A
- Air Conditioning
- Ceiling Fan
About This Home
As of October 2024Great investor opportunity to acquire a well maintained 4 unit building located in the high demand South Wrigley Sub-Market of Long Beach. The building is a cash machine, has a 6.9% in place cap rate, a 7.2%+ ProForma Cap Rate, and is 100% leased. It contains (3) spacious 2 Bedroom / 1 Bathroom Units, and (1) very spacious 3 Bedroom / 1 Bathroom Unit. The building also has a detached garage complex containing (3) one car garages that can be used as storage if needed and fit one vehicle parked behind. Three of the apartment have been remodeled within the last two years and the one remaining non-remodeled unit gives the new owner and opportunity to remodel, add value, and bring up to market rent. The property is located in close proximity to schools, banks, shopping centers, public transit, and easy freeway access. It is within walking distance of Long Beach Poly High, and only 2.1 miles from Downtown Long Beach. The area boats strong rental demand and all vacancies have been easily filled at market rent with multiple applicants coming forth.
Last Agent to Sell the Property
KC James Dorame
Allure Capital Management Corp License #02019663 Listed on: 08/02/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1929
Lot Details
- 6,274 Sq Ft Lot
Home Design
- Split Level Home
- Raised Foundation
Interior Spaces
- 3,769 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Kitchen
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
- Leased Washer and Dryer
Parking
- 8 Car Attached Garage
- Tandem Parking
Utilities
- Air Conditioning
- Cooling System Mounted To A Wall/Window
- Window Unit Cooling System
- Heating System Mounted To A Wall or Window
- Property is located within a water district
- Central Water Heater
Community Details
- 4 Units
- Laundry Facilities
- Rent Control
Listing and Financial Details
- Assessor Parcel Number 7205-030-011
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 2, 2024
Closed on
Oct 8, 2024
Sold by
Marshall And Serafina Krupp Family Revoc and Krupp Marshall
Bought by
Siem Johnny Ly and Siem Diyana Nyein
Seller's Agent
KC James Dorame
Allure Capital Management Corp
Buyer's Agent
Jimmy Thach
Seal Real Estate
List Price
$1,375,000
Sold Price
$1,380,000
Premium/Discount to List
$5,000
0.36%
Views
16
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,319
Avg. Annual Appreciation
3.27%
Original Mortgage
$1,035,000
Outstanding Balance
$1,024,119
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$411,200
Purchase Details
Listed on
Jun 1, 2019
Closed on
Jun 13, 2019
Sold by
Chonis Jeffery J and Chonis Joyce E
Bought by
Krupp Marshall and Krupp Serafina D
Seller's Agent
Jeff Chonis
Buckingham Investments, Inc.
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$1,035,000
Sold Price
$1,010,000
Premium/Discount to List
-$25,000
-2.42%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.11%
Original Mortgage
$757,500
Interest Rate
3.9%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 27, 2017
Closed on
Oct 3, 2017
Sold by
Chonis Jeffery J
Bought by
Chonis Jeffery J and Chonis Joyce E
Seller's Agent
Cass Bastain
Cass Bastain, Broker
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$849,000
Sold Price
$830,000
Premium/Discount to List
-$19,000
-2.24%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.80%
Original Mortgage
$574,350
Interest Rate
3.89%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 27, 2017
Closed on
Aug 30, 2017
Sold by
Roybal Thomas
Bought by
Chonis Jeffery J and Chonis Joyce E
Seller's Agent
Cass Bastain
Cass Bastain, Broker
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$849,000
Sold Price
$830,000
Premium/Discount to List
-$19,000
-2.24%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$574,350
Interest Rate
3.89%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 18, 2017
Sold by
Roybal Kristin
Bought by
Roybal Thomas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$574,350
Interest Rate
3.89%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 15, 2015
Closed on
Dec 22, 2015
Sold by
Udoh Felicia
Bought by
Roybal Thomas
Seller's Agent
Bondzie Caiquo
Bondzie Wisdon Caiquo
Buyer's Agent
Cass Bastain
Cass Bastain, Broker
List Price
$695,500
Sold Price
$695,000
Premium/Discount to List
-$500
-0.07%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.58%
Purchase Details
Closed on
Apr 26, 2013
Sold by
Udoh Nnaemeka
Bought by
Udoh Felicia
Purchase Details
Closed on
Jan 30, 2002
Sold by
Udoh Nnaemeka
Bought by
Udoh Nnaemeka
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,500
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Siem Johnny Ly | $1,380,000 | Equity Title Company | |
| Krupp Marshall | $1,010,000 | Ticor Title | |
| Chonis Jeffery J | -- | Old Republic Title Company | |
| Chonis Jeffery J | $820,500 | Old Republic Title Company | |
| Roybal Thomas | -- | None Available | |
| Roybal Thomas | $695,000 | Orange Coast Title Company | |
| Udoh Felicia | -- | Orange Coast Title Company | |
| Udoh Nnaemeka | -- | First American Title Co | |
| Udoh Nnaemeka | -- | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Siem Johnny Ly | $1,035,000 | |
| Previous Owner | Krupp Marshall | $757,500 | |
| Previous Owner | Chonis Jeffery J | $574,350 | |
| Previous Owner | Udoh Nnaemeka | $143,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/16/2024 10/16/24 | Sold | $1,380,000 | +0.4% | $366 / Sq Ft | |
| 09/17/2024 09/17/24 | Pending | -- | -- | -- | |
| 08/02/2024 08/02/24 | For Sale | $1,375,000 | +36.1% | $365 / Sq Ft | |
| 07/15/2019 07/15/19 | Sold | $1,010,000 | -2.4% | $268 / Sq Ft | View Prior Sale |
| 06/01/2019 06/01/19 | Pending | -- | -- | -- | |
| 06/01/2019 06/01/19 | For Sale | $1,035,000 | +24.7% | $275 / Sq Ft | |
| 10/12/2017 10/12/17 | Sold | $830,000 | -2.2% | $220 / Sq Ft | View Prior Sale |
| 08/27/2017 08/27/17 | Pending | -- | -- | -- | |
| 07/27/2017 07/27/17 | For Sale | $849,000 | +22.2% | $225 / Sq Ft | |
| 02/02/2016 02/02/16 | Sold | $695,000 | -0.1% | $184 / Sq Ft | View Prior Sale |
| 12/14/2015 12/14/15 | Pending | -- | -- | -- | |
| 07/15/2015 07/15/15 | For Sale | $695,500 | -- | $185 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
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 | $14,370 | $1,380,000 | $500,000 | $880,000 |
| 2024 | $14,370 | $1,082,920 | $643,320 | $439,600 |
| 2023 | $14,128 | $1,061,687 | $630,706 | $430,981 |
| 2022 | $13,269 | $1,040,871 | $618,340 | $422,531 |
| 2021 | $12,996 | $1,020,463 | $606,216 | $414,247 |
| 2019 | $10,957 | $836,910 | $306,000 | $530,910 |
| 2018 | $10,609 | $820,500 | $300,000 | $520,500 |
| 2016 | $4,146 | $303,834 | $112,137 | $191,697 |
| 2015 | $3,993 | $299,271 | $110,453 | $188,818 |
| 2014 | $3,986 | $293,410 | $108,290 | $185,120 |
Source: Public Records
Agents Affiliated with this Home
-
-
Joey Daurio
Seller Co-Listing Agent in 2024
Joey Daurio
Allure Capital Management Corp
(949) 889-2011
1 in this area
1 Total Sale
-
Jimmy Thach
Buyer's Agent in 2024
Jimmy Thach
Seal Real Estate
(714) 622-4735
1 in this area
62 Total Sales
-
J
Seller's Agent in 2019
Jeff Chonis
Buckingham Investments, Inc.
-
Anthony Walker
Buyer's Agent in 2019
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
3 in this area
91 Total Sales
-
C
Seller's Agent in 2017
Cass Bastain
Cass Bastain, Broker
Map
Source: The MLS
MLS Number: 24-423989
APN: 7205-030-011
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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