NOT LISTED FOR SALE

Estimated Value: $841,774 - $947,000

3 Beds
3 Baths
1,549 Sq Ft
$578/Sq Ft Est. Value

Last Sold March 26, 2020

Last sale price $617,000 $398 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $5,418/month

23 Days on Market

Highlights

  • Open Floorplan
  • Contemporary Architecture
  • Walk-In Closet
  • Long Beach Polytechnic High School Rated A
  • Main Floor Primary Bedroom
  • Recessed Lighting

About This Home

As of March 2020

3 unit income property. Units will be move in ready with close proximity to the Metro A Line. Close to freeways, and Downtown LB. Great income opportunity.

Last Agent to Sell the Property

Steve Richardson

Y Realty License #01510320 Listed on: 11/14/2019

Last Buyer's Agent

Gary Indes

Keller Williams Pacific Estate License #02006658

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 1,576 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot

Parking

  • 1 Car Garage
  • Parking Available
  • Side Facing Garage
  • Assigned Parking

Home Design

  • Triplex
  • Contemporary Architecture
  • Modern Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,549 Sq Ft Home
  • Open Floorplan
  • Recessed Lighting
  • Laminate Flooring

Kitchen

  • Gas Range
  • Range Hood

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 3 Bathrooms

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 1
  • Tax Tract Number 5
  • Assessor Parcel Number 7208013001

Community Details

Overview

  • 3 Units

Building Details

  • 1 Leased Unit
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,500
  • New Taxes Expense $8,916
  • Operating Expense $10,416
  • Gross Income $1,200
  • Net Operating Income $48,984

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Wrigley Area (WR)
  • Zoning: LBPD29
  • Architectural Style: Contemporary, Modern
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7208013001
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Interior Amenities: Open Floorplan, Recessed Lighting
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Accessibility Features: Parking
  • Appliances: Yes
  • Price Per Square Foot: 398.32
  • Room Type: Kitchen, Main Floor Bedroom, Main Floor Master Bedroom, Walk-In Closet

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Side
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range, Range Hood, Refrigerator, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 1576.00
  • Lot Size Acres: 0.0362

Rental Info

  • Garage Rental Rate: 100.00
  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 1200.00
  • Gross Scheduled Income: 59400.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 1576.0000 Square Feet
  • Net Operating Income: 48984.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Number With Range: 3
  • Number With Refrigerator: 2
  • Operating Expense: 10613.00
  • Rent Control: No
  • Total Actual Rent: 1814.00
  • Total Expenses: 10416.00

Tax Info

  • New Taxes Expense: 8916.00
  • Tax Census Tract: 5731.00
  • Tax Lot: 1
  • Tax Tract Number: 005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 9, 2020
Sold by
Ehrlich Daniel A and Ehrlich Sara Rene
Bought by
Ehrlich Sara Rene Chastain and Ehrlich Daniel Asher
Current Estimated Value
$895,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,200
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2019
Sold by
Alberts Reint
Bought by
Ehrlich Daniel A and Ehrlich Sara Reno

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,200
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2019
Sold by
Herrera Javier Lopez
Bought by
Alberts Reint

Purchase Details

Closed on
Jul 11, 2013
Sold by
Maximum Leverage & Investment Llc
Bought by
Alberts Reint and Herrera Javier Delfin Lopez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,479
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 29, 2012
Closed on
Jan 30, 2013
Sold by
Gough Robert
Bought by
Maximum Leverage & Investments Llc
Seller's Agent
David Judd
Ojo Home California Inc.
Buyer's Agent
Babak Nasseri
First Team Real Estate
List Price
$252,000
Sold Price
$250,299
Premium/Discount to List
-$1,701
-0.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.37%
Original Mortgage
$266,000
Interest Rate
3.33%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 29, 2012
Closed on
Jan 18, 2013
Sold by
Wells Fargo Bank Na
Bought by
Gough Robert
Seller's Agent
David Judd
Ojo Home California Inc.
Buyer's Agent
Babak Nasseri
First Team Real Estate
List Price
$252,000
Sold Price
$250,299
Premium/Discount to List
-$1,701
-0.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
3.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2012
Sold by
Chavez Ruben
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Mar 14, 2002
Sold by
Guzman Ramiro
Bought by
Chavez Ruben and Chavez Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,157
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 2001
Sold by
Guzman Marylou
Bought by
Guzman Ramiro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 26, 2000
Sold by
Chase Manhattan Bank
Bought by
Hud

Purchase Details

Closed on
Dec 13, 1999
Sold by
Hernandez Juan M
Bought by
Merrill Lynch Mtg Investors Inc

Purchase Details

Closed on
Jan 13, 1999
Sold by
Hernandez Juan Manuel
Bought by
Perez Juan and Perez Guadalupe

Purchase Details

Closed on
Jul 29, 1998
Sold by
Morales Jose Jesus
Bought by
Hernandez Juan M and Castellon Ana Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,852
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 10, 1997
Sold by
Piper Ronald B
Bought by
Morales Jose Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.33%

Purchase Details

Closed on
Dec 3, 1996
Sold by
U S Benefits Inc
Bought by
Piper Ronald B

Purchase Details

Closed on
Feb 5, 1996
Sold by
Kendler Oswald
Bought by
Us Benefits Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 1995
Sold by
Horn Ky and Horn Krithny
Bought by
Rabaja Derico L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ehrlich Sara Rene Chastain -- Lawyers Title
Ehrlich Daniel A $617,000 Lawyers Title
Alberts Reint -- None Available
Alberts Reint $360,000 Title 365
Maximum Leverage & Investments Llc -- Accommodation
Gough Robert $250,500 Premium Title Of Ca Inc
Wells Fargo Bank Na $200,000 None Available
Chavez Ruben $184,000 Southland Title
Guzman Ramiro -- Southland Title
Guzman Ramiro $81,500 Southland Title
Hud -- --
Merrill Lynch Mtg Investors Inc $184,123 First American Title Ins Co
Perez Juan -- --
Hernandez Juan M $175,000 Provident Title Company
Morales Jose Jesus -- United Title Company
Piper Ronald B $57,000 --
Us Benefits Inc -- Orange Coast Title
Rabaja Derico L $85,582 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ehrlich Daniel A $349,200
Previous Owner Alberts Reint $353,479
Previous Owner Gough Robert $266,000
Previous Owner Chavez Ruben $181,157
Previous Owner Guzman Ramiro $90,000
Previous Owner Hernandez Juan M $170,852
Previous Owner Morales Jose Jesus $70,000
Previous Owner Us Benefits Inc $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/26/2020 03/26/20 Sold $617,000 -10.4% $398 / Sq Ft
12/07/2019 12/07/19 Pending -- -- --
11/14/2019 11/14/19 For Sale $689,000 +86.2% $445 / Sq Ft
10/03/2013 10/03/13 Sold $370,000 -4.9% $239 / Sq Ft View Prior Sale
08/23/2013 08/23/13 Pending -- -- --
02/12/2013 02/12/13 For Sale $389,000 +55.4% $251 / Sq Ft
01/30/2013 01/30/13 Sold $250,299 -0.7% $162 / Sq Ft View Prior Sale
12/05/2012 12/05/12 Pending -- -- --
09/06/2012 09/06/12 For Sale $252,000 -- $163 / 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 $8,730 $674,774 $273,408 $401,366
2024 $8,730 $661,545 $268,048 $393,497
2023 $8,579 $648,575 $262,793 $385,782
2022 $8,052 $635,859 $257,641 $378,218
2021 $7,889 $623,392 $252,590 $370,802
2020 $9,147 $456,756 $211,565 $245,191
2019 $8,386 $395,606 $164,836 $230,770
2018 $8,195 $387,850 $161,604 $226,246
2016 $7,679 $372,791 $155,330 $217,461
2015 $7,439 $367,192 $152,997 $214,195
2014 $7,356 $360,000 $150,000 $210,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19266019

California Regional Multiple Listing Service (CRMLS)

APN: 7208-013-001