NOT LISTED FOR SALE
6 Beds
5 Baths
4,836 Sq Ft
5,751 Sq Ft Lot

Last Sold February 16, 2023

Last sale price $1,350,000 $279 Per Sq Ft

118 Days on Market

Highlights

  • Gated Parking
  • 5-minute walk to Anaheim Station
  • Property is near public transit
  • Long Beach Polytechnic High School Rated A
  • City Lights View
  • No HOA

About This Home

As of February 2023

What an absolutely fantastic mixed use property on 2 separate lots!! There are 2 large commercial units in the front building with a gorgeous remodeled 3 bedroom 1 bath unit above offering a new kitchen, inside laundry and private balcony off of the primary bedroom. All 3 bedrooms are huge and there is loads of storage. The second building is a duplex with a fully remodeled 1 bedroom, 1 bath on the lower level that has huge rooms and even private inside laundry! There is a spacious 2 bedroom on the second level, also fully remodeled and offers 2 balconies! There is off-street parking for multiple cars behind the gated driveway. The current owner has remodeled all of the residential units to include, new flooring, paint, light fixtures, doors, kitchens, updated bathrooms and all stoves & refrigerators. The commercial units are in wonderful shape occupied by a hair salon and a dog grooming salon. Now, possibly the best part. The current owner has preliminary approval from the City of Long Beach to build 20 micro units! Architectural plans, structural plans, and other related plans have been completed at a cost of roughly $100K. These plans will be given to the new buyer so they can jump start the process right at the finish line! The new buyer could keep this property in it's current state with wonderful tenants or invest in a new larger complex! The Owner has his eye on another larger property and will look at all offers on this one! This is the deal you've been looking for with endless development possibilities!!

Last Agent to Sell the Property

Shawn Mohler

The Mohler Real Estate Group License #01910887 Listed on: 08/23/2022

Last Buyer's Agent

Jeffrey DeLancy

Realty One Group Pacific License #01988084

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,381

Year Built

  • Built in 1909

Lot Details

  • 5,751 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence

Home Design

  • Property Attached
  • Turnkey
  • Flat Roof Shape
  • Brick Foundation
  • Clapboard

Interior Spaces

  • 4,836 Sq Ft Home
  • Ceiling Fan
  • Insulated Windows
  • City Lights Views
  • Security Lights
  • Gas Oven
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Driveway
  • Gated Parking
  • Paved Parking

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting

Location

  • Property is near public transit

Utilities

  • Wall Furnace
  • Private Sewer
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, insurance
  • Tax Lot 24
  • Tax Tract Number 58
  • Assessor Parcel Number 7273007037

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units
  • Downtown Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $118
  • Water Sewer Expense $150
  • Operating Expense $3,578
  • Gross Income $120,864
  • Net Operating Income $117,286

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,381

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Price Per Unit: 279800
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Security Lights
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Water Sewer Expenses: 150.00
  • Zoning: LBPD29
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7273007037
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony, Ceiling Fan(s), Living Room Balcony
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 279.16
  • Window Features: Insulated Windows

Exterior Features

  • Foundation: Brick/Mortar
  • View: City Lights
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Clapboard

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Paved, Gated
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Inside
  • Sewer: Private Sewer
  • Trash Expense: 118.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 5751.00
  • Lot Size Acres: 0.1320

Rental Info

  • Tenant Pays: Electricity, Gas, Insurance

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 600 Square Feet
  • Average3 Bed Area: 700 Square Feet
  • Gross Income: 120864.00
  • Gross Operating Income: 117286.00
  • Gross Scheduled Income: 120864.00
  • Lot Size Area: 5751.0000 Square Feet
  • Net Operating Income: 117286.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 3578.00
  • Rent Control: Yes
  • Total Expenses: 3578.00

Tax Info

  • Tax Census Tract: 5763.01
  • Tax Lot: 24
  • Tax Tract Number: 58

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 9, 2024
Sold by
Baron Brian W and Baron Bruce M
Bought by
Baron Brian William and Wuchner Wesley Vincent

Purchase Details

Listed on
Aug 23, 2022
Closed on
Feb 9, 2023
Sold by
Wuchner Wesley V
Bought by
Baron Brian W
Seller's Agent
Shawn Mohler
The Mohler Real Estate Group
Buyer's Agent
Jeffrey DeLancy
Realty One Group Pacific
List Price
$1,399,000
Sold Price
$1,350,000
Premium/Discount to List
-$49,000
-3.5%
Views
16

Purchase Details

Closed on
Oct 17, 2022
Sold by
Sindell Milo and Sindell Thuy
Bought by
Baron Brian W and Baron Bruce M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
6.48%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 12, 2019
Closed on
Jun 4, 2019
Sold by
Ezcoba Llc
Bought by
Sindell Milo and Sindell Thuy
Seller's Agent
Michelle Lin
Smart Realty Group
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,100,000
Sold Price
$1,025,000
Premium/Discount to List
-$75,000
-6.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$922,500
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 12, 2018
Sold by
Souccar Issa T
Bought by
Ezeoba Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,070,000
Interest Rate
4.4%
Mortgage Type
Construction
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
Baron Brian William -- None Listed On Document
Baron Brian W -- Chicago Title
Baron Brian W $1,350,000 Chicago Title
Sindell Milo $1,025,000 Chicago Title Company Sd
Ezeoba Llc $850,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baron Brian W $332,000
Previous Owner Sindell Milo $922,500
Previous Owner Ezeoba Llc $1,070,000
Previous Owner Souccar Issa $200,000
Previous Owner Souccar Issa T $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2023 02/16/23 Sold $1,350,000 -3.5% $279 / Sq Ft
11/23/2022 11/23/22 For Sale $1,399,000 +3.6% $289 / Sq Ft
11/22/2022 11/22/22 Off Market $1,350,000 -- --
10/24/2022 10/24/22 Price Changed $1,399,000 -1.8% $289 / Sq Ft
09/30/2022 09/30/22 Price Changed $1,425,000 -1.7% $295 / Sq Ft
09/25/2022 09/25/22 Price Changed $1,449,000 -3.3% $300 / Sq Ft
09/18/2022 09/18/22 Price Changed $1,499,000 -3.6% $310 / Sq Ft
09/06/2022 09/06/22 Price Changed $1,555,000 -4.3% $322 / Sq Ft
08/23/2022 08/23/22 For Sale $1,625,000 +58.5% $336 / Sq Ft
07/19/2019 07/19/19 Sold $1,025,000 -6.8% $178 / Sq Ft
05/14/2019 05/14/19 Pending -- -- --
03/12/2019 03/12/19 For Sale $1,100,000 -- $191 / 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 $12,381 $956,705 $528,327 $428,378
2024 $12,381 $938,400 $326,400 $612,000
2023 $9,947 $741,078 $304,841 $436,237
2022 $9,395 $726,548 $298,864 $427,684
2021 $9,147 $712,303 $293,004 $419,299
2019 $7,811 $591,600 $255,000 $336,600
2018 $2,259 $140,382 $38,480 $101,902
2017 $2,236 $137,630 $37,726 $99,904
2016 $2,063 $134,933 $36,987 $97,946
2015 $1,992 $132,907 $36,432 $96,475
2014 $1,986 $130,305 $35,719 $94,586
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22185548

California Regional Multiple Listing Service (CRMLS)

APN: 7273-007-037