NOT LISTED FOR SALE

Estimated Value: $1,913,200 - $2,084,000

4 Beds
4 Baths
3,764 Sq Ft
$527/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $1,750,000 $465 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $12,307/month

6 Days on Market

Highlights

  • Gated Community
  • City Lights View
  • Property is near park
  • Woodrow Wilson High School Rated A
  • Dual Staircase
  • Wood Flooring

About This Home

As of November 2021

Pride of ownership fourplex just TWO BLOCKS from the BEACH! Perfect for the savvy investor looking to add a prime property to their portfolio. This highly desirable location is not only close to the ocean, it’s on the border of the eclectic and fun “Broadway Corridor” shops, galleries and restaurants and in historic Bluff Park, where beautiful extra wide tree lined streets showcase the diverse turn of the century architecture Long Beach is famous for. Meticulously maintained by the same owner for over twenty years, the workmanship and pride of ownership poured into this building is evident in every detail. The curb appeal - from the landscaping to the wrought iron fencing to the custom awnings - is fantastic. Boasting a vintage vibe with a nod to the historic, these fully remodeled extra-large units offer a highly desirable floor plan, cool architectural details and abundant character and charm throughout. Each has a large living room and dining area plus an alcove perfect for a home office or play area. There are beautifully refinished red oak floors throughout. The kitchens have restored antique O’Keefe and Merritt stoves, custom subway tile backsplash, granite counters and ample cabinet and counter space. Original double hung windows bring the light in all day. French doors open to Juliet balconies in the front - ocean breezes all year round! The bathrooms are also quite large and have been beautifully remodeled. Even the bedrooms are big! Each unit has its own washer and dryer. In the back, tenants have space to create outdoor living areas to enjoy. Expenses are very low and there is lots of upside in the rents! All the plumbing, including drain and supply lines, was done in 2018. Many other updates were made throughout the years. This is a beautiful property and the location can’t be beat!

Last Agent to Sell the Property

Lorri Quiett

Vylla Home, Inc. License #01371114 Listed on: 10/09/2021

Last Buyer's Agent

Susan Boyle

Reel Properties License #01056722

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 3,301 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Landscaped
  • Back Yard

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,764 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Built-In Features
  • Ceiling Fan
  • Awning
  • Blinds
  • Wood Frame Window
  • Window Screens
  • Living Room
  • Home Office
  • Wood Flooring

Kitchen

  • Gas Oven
  • Gas Range
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting
  • Outdoor Grill

Location

  • Property is near park

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Natural Gas Connected
  • Gas Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, insurance
  • Tax Lot 1
  • Tax Tract Number 1853
  • Assessor Parcel Number 7264003007
  • $754 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Bluff Park Subdivision

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $202
  • Gardener Expense $1,200
  • Insurance Expense $1,779
  • Pest Control $456
  • Water Sewer Expense $830
  • Operating Expense $4,667
  • Gross Income $76,740
  • Net Operating Income $72,073

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Assessments: No
  • Inclusions: Washers and dryers, refrigerators, butcher block kitchen islands, restored antique O'Keefe and Merritt stoves, plantation blinds, roller shades
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Gated Community, Security Lights, Smoke Detector(s)
  • Subdivision Name Other: Bluff Park (BLF)
  • View: Yes
  • Water Sewer Expenses: 830.00
  • Zoning: LBCNP
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7264003007
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases, Balcony, Built-in Features, Ceiling Fan(s), Granite Counters, Living Room Balcony
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 464.93
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Master Bathroom, Office
  • Window Features: Blinds, Screens, Wood Frames

Exterior Features

  • Foundation: Raised
  • Exterior Features: Awning(s), Barbecue Private, Lighting
  • View: City Lights, Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Gas Water Heater, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Electric
  • Laundry Features: Dryer Included, Individual Room, Inside, Washer Included
  • Pest Control Expense: 456.00
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, Park Nearby
  • Lot Size Sq Ft: 3301.00
  • Lot Size Acres: 0.0758

Rental Info

  • Tenant Pays: Electricity, Gas, Insurance

Multi Family

  • Average1 Bed Area: 941 Square Feet
  • Electric Expense: 202.00
  • Gross Income: 76740.00
  • Gross Operating Income: 76740.00
  • Gross Scheduled Income: 76740.00
  • Insurance Expense: 1779.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 3301.0000 Square Feet
  • Net Operating Income: 72073.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 4667.00
  • Rent Control: No
  • Total Actual Rent: 6395.00
  • Total Expenses: 4667.00

Tax Info

  • Tax Census Tract: 5772.00
  • Tax Lot: 1
  • Tax Tract Number: 1853
  • TaxOtherAnnualAssessmentAmount: 754.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2000
Sold by
Underwood Ned F
Bought by
Jordan Earl
Current Estimated Value
$1,982,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
7.88%
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
Jordan Earl $405,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jordan Earl $324,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2021 11/05/21 Sold $1,750,000 0.0% $465 / Sq Ft
10/15/2021 10/15/21 Pending -- -- --
10/09/2021 10/09/21 For Sale $1,750,000 -- $465 / 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 $23,435 $1,857,113 $1,209,777 $647,336
2024 $23,435 $1,820,700 $1,186,056 $634,644
2023 $23,044 $1,785,000 $1,162,800 $622,200
2022 $21,617 $1,750,000 $1,140,000 $610,000
2021 $7,472 $563,782 $215,767 $348,015
2020 $7,452 $558,002 $213,555 $344,447
2019 $7,365 $547,062 $209,368 $337,694
2018 $7,153 $536,336 $205,263 $331,073
2016 $6,568 $515,512 $197,294 $318,218
2015 $6,312 $507,770 $194,331 $313,439
2014 $6,283 $497,825 $190,525 $307,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21224425

California Regional Multiple Listing Service (CRMLS)

APN: 7264-003-007