NOT LISTED FOR SALE

Estimated Value: $849,579 - $940,000

3 Beds
3 Baths
2,340 Sq Ft
$378/Sq Ft Est. Value

Last Sold July 05, 2022

Last sale price $773,000 $330 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,506/month

27 Days on Market

Highlights

  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Front Yard

About This Home

As of July 2022

This, South Wrigley location is near shopping, public transportation, and services. Only a few doors away from Long Beach Boulevard, which is a major street in the area. Has undergone significant renovations, with the redevelopment of new retail centers, office buildings, and housing, along this thoroughfare. This new redevelopment has sparked a renewed interest in the immediate area, whereby increasing commerce and property values.
This property provides an investor the chance to own a well-located tri-plex with rent upside and added value. The property consists of all one-bedroom/one units measuring over 780 sq. ft. All three units are separately metered for gas & electricity. Each unit has its own hot water heater. The property owner pays for water/trash and there is a house meter for electricity which feeds exterior lighting. Parking is provided by three, private garages and three open spaces, for a total of six off-street parking spaces.
In summary, the property is well located and offers large units which are separately metered for utilities and great off-street parking. Added value opportunity through minor property upgrades and significant rental upside.

Last Agent to Sell the Property

Henry Camacho

Henry Steven Camacho License #01072434 Listed on: 05/04/2022

Last Buyer's Agent

Navy Ortiz

Bronwyn Realty Inc License #01746268

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 4,944 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Home Design

  • 2,340 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 573
  • Assessor Parcel Number 7209013033
  • $338,506 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Wrigley Area Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $240
  • Insurance Expense $1,170
  • Maintenance Expense $1,950
  • Professional Management Expense $1,950
  • Trash Expense $1,500
  • Water Sewer Expense $1,500
  • New Taxes Expense $9,375
  • Operating Expense $17,686
  • Net Operating Income $14,354

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

3

Listing Details

  • Professional Management Expense: 1950.00
  • Property Attached: Yes
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 1500.00
  • Zoning: LBPD29
  • Property Type: Residential Income
  • Parcel Number: 7209013033
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 330.34

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 4944.00
  • Lot Size Acres: 0.1135

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 780 Square Feet
  • Average2 Bed Area: 780 Square Feet
  • Average3 Bed Area: 780 Square Feet
  • Electric Expense: 240.00
  • Gross Scheduled Income: 32040.00
  • Insurance Expense: 1170.00
  • Lot Size Area: 4944.0000 Square Feet
  • Maintenance Expense: 1950.00
  • Net Operating Income: 14354.00
  • 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: 17686.00
  • Rent Control: Yes
  • Total Expenses: 17686.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 9375.00
  • Tax Census Tract: 5730.02
  • Tax Lot: 5
  • Tax Tract Number: 573...
  • TaxOtherAnnualAssessmentAmount: 338506.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2002
Sold by
Ammann Brad
Bought by
Ayala Eric and Ayala Melinda
Current Estimated Value
$884,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,400
Outstanding Balance
$83,623
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$800,772

Purchase Details

Closed on
Jun 8, 2001
Sold by
Residential Investments
Bought by
Community Revitalization Group

Purchase Details

Closed on
Dec 29, 2000
Sold by
Ammann Brad
Bought by
Residential Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
7.71%

Purchase Details

Closed on
Dec 21, 2000
Sold by
Community Revitalization Group
Bought by
Ammann Brad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
7.71%

Purchase Details

Closed on
Nov 27, 2000
Sold by
Lotesta Lorren P
Bought by
Ammann Brad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
7.71%

Purchase Details

Closed on
Aug 3, 1999
Sold by
Hud
Bought by
Community Revitalization Group

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,400
Interest Rate
7.89%

Purchase Details

Closed on
Mar 30, 1999
Sold by
Old Kent Mtg Company
Bought by
Hud

Purchase Details

Closed on
Aug 17, 1998
Sold by
Sanchez Mariano
Bought by
Old Kent Mtg Company and National Pacific Mtg Corp

Purchase Details

Closed on
Jul 2, 1997
Sold by
Haywood Ralph S and Haywood Claretta F
Bought by
Cervantes Alfonso

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,757
Interest Rate
7.7%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 1, 1997
Sold by
Cervantes Alfonso
Bought by
Sanchez Mariano

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,757
Interest Rate
7.7%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ayala Eric $253,000 Southland Title
Community Revitalization Group -- --
Residential Investments -- --
Ammann Brad $120,000 Southland Title
Ammann Brad -- Southland Title Corporation
Community Revitalization Group $155,000 Provident Title Company
Hud -- American Title Co
Old Kent Mtg Company $181,224 American Title Co
Cervantes Alfonso $120,000 South Coast Title
Sanchez Mariano $175,000 South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ayala Eric $202,400
Previous Owner Ammann Brad $96,000
Previous Owner Community Revitalization Group $148,400
Previous Owner Sanchez Mariano $170,757
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/05/2022 07/05/22 Sold $773,000 +3.1% $330 / Sq Ft
05/31/2022 05/31/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $750,000 -- $321 / 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 $10,460 $804,229 $416,160 $388,069
2024 $10,460 $788,460 $408,000 $380,460
2023 $10,284 $773,000 $400,000 $373,000
2022 $4,752 $345,275 $177,414 $167,861
2021 $4,644 $338,506 $173,936 $164,570
2020 $4,632 $335,036 $172,153 $162,883
2019 $4,579 $328,468 $168,778 $159,690
2018 $4,386 $322,028 $165,469 $156,559
2016 $4,032 $309,526 $159,045 $150,481
2015 $3,877 $304,877 $156,656 $148,221
2014 $3,865 $298,906 $153,588 $145,318
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22092591

California Regional Multiple Listing Service (CRMLS)

APN: 7209-013-033