NOT LISTED FOR SALE

2223 E Ocean Blvd Long Beach, CA 90803

Bluff Park Neighborhood

Estimated Value: $1,812,000 - $2,340,000

6 Beds
4 Baths
2,812 Sq Ft
$711/Sq Ft Est. Value

Last Sold May 19, 2021

Last sale price $1,650,000 $587 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $12,457/month

291 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Across the Road from Lake or Ocean
  • Woodrow Wilson High School Rated A
  • All Bedrooms Downstairs
  • 2-minute walk to Bluff Park

About This Home

As of May 2021

PRICE ENHANCEMENT ON THIS 4 LEGAL MULTI UNIT BUILDING WITH BEAUTIFUL CURB APPEAL. WITH A RECENTLY RENOVATED EXTERIOR AND AMMENITIES,INCLUDING NEW LANDSCAPING. THIS PROPERTY IN CLASSIC SOUTHERN CALIFORNIA! EACH UNIT HAS A SPECIAL FEEL AND SOME OCEAN VIEWS. THE CITY OF LONG BEACH HAS FINALLY UPDATED THE TAX RECORDS. THE 4 LEGAL UNITS CONSIST OF:
1) FRONT BUILDING -2225 OCEAN BLVD - LARGE 3 BEDROOM, 1 FULL BATH, LIVING ROOM, KITCHEN, YARD.
2) FRONT BUILDING -2223 Ocean Blvd - 1 BEDROOM, 1 FULL BATH, KITCHEN, LIVING ROOM (WINDOWS FACING THE OCEAN SIDE),
3) FRONT BUILDING - 2223 A OCEAN BLVD - 2 BEDROOM, 1 FULL BATH, LIVING ROOM WITH VAUILTED CEILING AND SKYLIGHTS,
4) BACK BUILDING - 2227 A - UPSTAIRS STUDIO WITH WINDOWS FACING OCEAN, FULL BATH, FULL KITCHEN,
See the Virtual Drone Tour, floor plan and pictures. The property is close to shops, restaurants and public transportation The area is a great place to walk, jog, and bike near family friendly parks, a farmer’s market and a dog park. Halfway between downtown Long Beach and Belmont Shores, people love to live here and the place stays rented. Some off street parking. Across the street is the Long Beach Museum of Art with a gourmet ocean view café, Claire’s, where you can sip a delicious latte.
BUYER TO COOPERATE WITH SELLER'S 1031 XCHANGE AT NO COST TO BUYER. (PROPERTY TO BE IDENTIFIED).

Last Agent to Sell the Property

Maureen Megowan

Estate Properties License #01368971 Listed on: 06/26/2020

Estate Properties

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,257

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 5,504 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Garden
  • Front Yard
  • Density is 2-5 Units/Acre

Property Views

  • Ocean
  • Coastline
  • Harbor
  • Catalina
  • City Lights
  • Peek-A-Boo
  • Bluff
  • Park or Greenbelt
  • Neighborhood

Home Design

  • Craftsman Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Additions or Alterations
  • Tile Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 2,812 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Brick Wall or Ceiling
  • Ceiling Fan
  • Skylights
  • Double Pane Windows
  • Awning
  • Wood Frame Window
  • Casement Windows
  • Security Lights
  • Ceramic Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Available
  • Driveway
  • Assigned Parking

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Balcony
  • Exterior Lighting

Location

  • Across the Road from Lake or Ocean
  • Property is near a park
  • Property is near public transit
  • Urban Location

Utilities

  • Cooling Available
  • Heating Available
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV
  • Legal Lot and Block 12 / 49
  • Tax Tract Number 5767
  • Assessor Parcel Number 7264021013

Community Details

Overview

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

Recreation

  • Park
  • Bike Trail

Building Details

  • 4 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,440
  • Fuel Expense $850
  • Insurance Expense $1,464
  • Maintenance Expense $1,659
  • Pest Control $290
  • Professional Management Expense $750
  • Trash Expense $960
  • Water Sewer Expense $1,200
  • New Taxes Expense $19,250
  • Operating Expense $28,333
  • Gross Income $78,480
  • Net Operating Income $50,147

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,257

Year Built

Built in 1923 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 750.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel, Paved
  • Security: Resident Manager, Security Lights
  • Subdivision Name Other: Belmont Heights (BH)
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR3S
  • Architectural Style: Craftsman
  • Property Condition: Additions/Alterations, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7264021013
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Interior Amenities: Balcony, Brick Walls, Ceiling Fan(s), Ceramic Counters, Open Floorplan, Tile Counters
  • Stories: 2
  • Entry Location: 1st level or stairsstairs
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 586.77
  • Room Type: All Bedrooms Down, All Bedrooms Up, Kitchen, Main Floor Bedroom
  • Window Features: Casement Windows, Double Pane Windows, Skylight(s), Wood Frames

Exterior Features

  • Exterior Features: Awning(s), Lighting
  • View: Bluff, Catalina, City Lights, Coastline, Harbor, Neighborhood, Ocean, Park/Greenbelt, Peek-A-Boo
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Asphalt, Tile
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Driveway
  • Total Parking Spaces: 1.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator
  • Electric: Electricity - On Property
  • Laundry Features: Community, Dryer Included, In Closet, Stackable, Washer Included
  • Pest Control Expense: 290.00
  • Sewer: Sewer Paid
  • Trash Expense: 960.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Park, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Garden, Landscaped, Level with Street, Lot Over 40000 Sqft, Rectangular Lot, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 5504.00
  • Lot Size Acres: 0.1264

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 703 Square Feet
  • Average3 Bed Area: 1155 Square Feet
  • Average Studio Area: 354 Square Feet
  • Electric Expense: 1440.00
  • Fuel Expense: 850.00
  • Gross Operating Income: 78480.00
  • Gross Scheduled Income: 78480.00
  • Gross Spendable Income: 50147.00
  • Insurance Expense: 1464.00
  • Lot Size Area: 5504.0000 Square Feet
  • Maintenance Expense: 1659.00
  • Maintenance Percent: 2.10
  • Net Operating Income: 50147.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 1
  • Number With Disposal: 1
  • Number With Patio: 2
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 28333.00
  • Rent Control: No
  • Total Actual Rent: 78480.00
  • Total Expenses: 28333.00
  • Waterfront Features: Across the Road from Lake/Ocean, Beach Access, Ocean Access

Tax Info

  • New Taxes Expense: 19250.00
  • Tax Area: 5500
  • Tax Block: 49
  • Tax Lot: 12
  • Tax Tract Number: 5767.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2020
Closed on
May 13, 2021
Sold by
Luper Keith
Bought by
Luper Marguerite
Seller's Agent
Maureen Megowan
Estate Properties
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,850,000
Sold Price
$1,650,000
Premium/Discount to List
-$200,000
-10.81%
Current Estimated Value
$1,999,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$349,704
Avg. Annual Appreciation
4.50%
Original Mortgage
$1,320,000
Outstanding Balance
$1,193,703
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$806,001

Purchase Details

Listed on
Jun 26, 2020
Closed on
Apr 14, 2021
Sold by
Price Vivian and Price Susanne
Bought by
Luper Marguerite and Whann Maureen
Seller's Agent
Maureen Megowan
Estate Properties
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,850,000
Sold Price
$1,650,000
Premium/Discount to List
-$200,000
-10.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,320,000
Outstanding Balance
$1,193,703
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$806,001

Purchase Details

Closed on
Mar 15, 2019
Sold by
Price Vivian H
Bought by
Price Vivian and Davis Susanne
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
Luper Marguerite -- Progressive Title
Luper Marguerite $1,650,000 Progressive Title
Price Vivian -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luper Marguerite $1,320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2021 05/19/21 Sold $1,650,000 -2.7% $587 / Sq Ft
04/13/2021 04/13/21 Pending -- -- --
04/07/2021 04/07/21 Price Changed $1,695,000 -3.1% $603 / Sq Ft
10/24/2020 10/24/20 Price Changed $1,750,000 -5.4% $622 / Sq Ft
06/26/2020 06/26/20 For Sale $1,850,000 -- $658 / 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 $22,257 $1,786,011 $1,190,674 $595,337
2024 $22,257 $1,750,992 $1,167,328 $583,664
2023 $21,891 $1,716,660 $1,144,440 $572,220
2022 $20,530 $1,683,000 $1,122,000 $561,000
2021 $8,177 $652,599 $361,923 $290,676
2020 $8,154 $646,128 $358,212 $287,916
2019 $8,058 $633,464 $351,189 $282,275
2018 $7,801 $621,048 $344,303 $276,745
2016 $7,165 $596,722 $330,934 $265,788
2015 $6,876 $587,760 $325,964 $261,796
2014 $6,828 $576,247 $319,579 $256,668
Source: Public Records

Agents Affiliated with this Home

  • Maureen Megowan

    Seller's Agent in 2021

    Maureen Megowan

    RE/MAX

    (310) 259-7124

    1 in this area

    11 Total Sales

    Maureen Megowan
    Section Image

  • N

    Buyer's Agent in 2021

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    5,929 Total Sales

    NoEmail NoEmail
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV20098364

California Regional Multiple Listing Service (CRMLS)

APN: 7264-021-013

California Los Angeles County Long Beach 90803 Bluff Park

2223 E Ocean Blvd, Long Beach, CA

This home is located at 2223 E Ocean Blvd, Long Beach, CA 90803 since 26 June 2020 and is currently estimated at $1,999,704, approximately $711 per square foot. This property was built in 1923. 2223 E Ocean Blvd is a home located in Los Angeles County with nearby schools including Burbank Elementary School, Woodrow Wilson High School, and St. Anthony Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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