Seller's Agent in 2022
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
1 in this area
72 Total Sales
2238 Earl Ave Long Beach, CA 90806
Southeast Wrigley NeighborhoodEstimated Value: $1,296,000 - $1,488,000
3
Beds
2
Baths
3,758
Sq Ft
$369/Sq Ft
Est. Value
About This Home
As of August 20222238 Earl Avenue is a 4-unit investment asset in the up- and-coming South East Wrigley neighborhood, just north of Downtown Long Beach. The units are bright and spacious featuring two 2 BD/ 1 BA units and two 1 BD/1 BA units with separate entrances, totaling 3,758 square feet of building area. One two bed unit has been completely gutted and renovated. The remaining three units having brand new bathrooms, vinyl flooring, paint and ceiling fans. The property sits on a large lot at 5,845 square feet with beautifully landscaped front and backyards. Four detached garages sit off the back alley that have the potential to be converted to ADUs. The roof has been recently repaired on the main building and is in great condition while the garages feature all new doors. 2238 Earl Ave provides a new buyer the opportunity to own large units in a high demand rental market and 19.75% gross rent upside potential with the existing units.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 05/31/2022
Co-Listed By
John Alden
Alden Pacific Investments, Inc. License #02114291
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,711
Year Built
- Built in 1938
Lot Details
- 5,845 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
- Parking Available
Home Design
- 3,758 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Listing and Financial Details
- Legal Lot and Block 8 / C
- Tax Tract Number 5731
- Assessor Parcel Number 7208024010
Community Details
Overview
- 2 Buildings
- 4 Units
- Wrigley Area Subdivision
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $296
- Fuel Expense $296
- Gardener Expense $600
- Insurance Expense $2,067
- Maintenance Expense $2,200
- Other Expense $800
- Pest Control $500
- Professional Management Expense $3,839
- Trash Expense $296
- Water Sewer Expense $296
- New Taxes Expense $15,489
- Operating Expense $27,377
- Gross Income $76,789
- Net Operating Income $49,412
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 31, 2022
Closed on
Jul 26, 2022
Sold by
Hawk Stephanie M and Hawk Bradley H
Bought by
Joiner Jeffrey L
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Jeffrey Isenberg
Buckingham Investments, Inc
List Price
$1,250,000
Sold Price
$1,250,000
Total Days on Market
87
Views
2
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,398
Avg. Annual Appreciation
2.65%
Original Mortgage
$1,000,000
Outstanding Balance
$957,339
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$395,235
Purchase Details
Closed on
Jul 2, 2018
Sold by
Edwards Cecil M and Edwards Fatricia D
Bought by
Hawk Stephanie M and Hawk Bradley
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$652,500
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 6, 2013
Sold by
Edwards Cecil M and Edwards Patricia D
Bought by
Edwards Cecil M and Edwards Patricia D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$634,875
Interest Rate
3.53%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 27, 2007
Sold by
Edwards Cecil and Edwards Patricia
Bought by
Edwards Cecil and Edwards Patricia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.21%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 11, 2007
Sold by
Edwards Cecil and Edwards Patricia
Bought by
Edwards Cecil M and Edwards Patricia D
Purchase Details
Closed on
Mar 20, 2006
Sold by
Cv Management & Investment
Bought by
Edwards Cecil and Edwards Patricia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
6.2%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Mar 10, 2006
Sold by
Delgado Karin A
Bought by
Cv Management & Investment Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
6.2%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Nov 13, 2003
Sold by
Magee Ronald and Magee Dawn
Bought by
Delgado Karin A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,200
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 25, 2001
Sold by
Aztec Financial
Bought by
Magee Ronald and Magee Dawn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,280
Interest Rate
6.73%
Purchase Details
Closed on
Jun 14, 2001
Sold by
Estrada Carlos C
Bought by
Aztec Financial
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,639
Interest Rate
7.14%
Mortgage Type
Unknown
Purchase Details
Closed on
May 5, 2000
Sold by
Homecomings Financial Network Inc
Bought by
Estrada Carlos C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,200
Interest Rate
8.67%
Purchase Details
Closed on
Nov 17, 1999
Sold by
Property Asset Management Inc
Bought by
Homecomings Financial Network Inc
Purchase Details
Closed on
Jul 13, 1999
Sold by
Baig Mirza Aftab
Bought by
Property Asset Management Inc
Purchase Details
Closed on
Jun 23, 1998
Sold by
Phns Inc
Bought by
Baig Mirza Aftab
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
10.49%
Purchase Details
Closed on
Jun 17, 1998
Sold by
Trust Schiel Fred A Jr Tr Fred A Schiel
Bought by
Phns Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
10.49%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Joiner Jeffrey L | $1,250,000 | Ticor Title | |
| Hawk Stephanie M | $870,000 | Fidelity National Title | |
| Edwards Cecil M | -- | None Available | |
| Edwards Cecil M | -- | None Available | |
| Edwards Cecil | -- | California Land Title Of Mar | |
| Edwards Cecil M | -- | None Available | |
| Edwards Cecil | $825,000 | Southland Title Corporation | |
| Cv Management & Investment Llc | -- | None Available | |
| Delgado Karin A | $469,000 | -- | |
| Magee Ronald | $224,100 | American Title Co | |
| Aztec Financial | $214,686 | American Title | |
| Estrada Carlos C | $178,000 | -- | |
| Homecomings Financial Network Inc | -- | Fidelity National Title Ins | |
| Property Asset Management Inc | $292,671 | Lawyers Title Company | |
| Baig Mirza Aftab | $330,000 | Equity Title | |
| Phns Inc | -- | Equity Title Company | |
| Schiel Fred Alfred | -- | Equity Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Joiner Jeffrey L | $1,000,000 | |
| Previous Owner | Hawk Stephanie M | $650,000 | |
| Previous Owner | Hawk Stephanie M | $652,500 | |
| Previous Owner | Edwards Cecil M | $634,875 | |
| Previous Owner | Edwards Cecil | $650,000 | |
| Previous Owner | Edwards Cecil | $83,500 | |
| Previous Owner | Edwards Cecil | $82,500 | |
| Previous Owner | Edwards Cecil | $660,000 | |
| Previous Owner | Delgado Karin A | $68,000 | |
| Previous Owner | Delgado Karin A | $490,000 | |
| Previous Owner | Delgado Karin A | $375,200 | |
| Previous Owner | Magee Ronald | $235,000 | |
| Previous Owner | Magee Ronald | $179,280 | |
| Previous Owner | Estrada Carlos C | $42,639 | |
| Previous Owner | Estrada Carlos C | $184,200 | |
| Previous Owner | Baig Mirza Aftab | $48,000 | |
| Previous Owner | Baig Mirza Aftab | $264,000 | |
| Closed | Magee Ronald | $33,615 | |
| Closed | Delgado Karin A | $93,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2022 08/26/22 | Sold | $1,250,000 | 0.0% | $333 / Sq Ft |
| 08/26/2022 08/26/22 | Pending | -- | -- | -- |
| 05/31/2022 05/31/22 | For Sale | $1,250,000 | -- | $333 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $16,711 | $1,300,500 | $728,280 | $572,220 |
| 2024 | $16,711 | $1,275,000 | $714,000 | $561,000 |
| 2023 | $16,430 | $1,250,000 | $700,000 | $550,000 |
| 2022 | $11,726 | $914,524 | $315,353 | $599,171 |
| 2021 | $11,480 | $896,593 | $309,170 | $587,423 |
| 2019 | $11,316 | $870,000 | $300,000 | $570,000 |
| 2018 | $10,599 | $820,000 | $503,700 | $316,300 |
| 2016 | $8,145 | $650,000 | $399,300 | $250,700 |
| 2015 | $7,935 | $650,000 | $399,300 | $250,700 |
| 2014 | $6,900 | $550,000 | $337,900 | $212,100 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
-
J
Seller Co-Listing Agent in 2022
John Alden
Alden Pacific Investments, Inc.
-
Jeffrey Isenberg
Buyer's Agent in 2022
Jeffrey Isenberg
Buckingham Investments, Inc
(310) 982-7055
1 in this area
17 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22115606
APN: 7208-024-010
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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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