NOT LISTED FOR SALE

2240 Elm Ave Long Beach, CA 90806

Sunrise Neighborhood

Estimated Value: $753,000 - $899,000

3 Beds
2 Baths
2,034 Sq Ft
$401/Sq Ft Est. Value

Sale Details

Date Sold: February 17, 2016

Last sale price $465,000 $229 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $5,228 / mo

60 Days on Market

Highlights

  • Property is near public transit
  • Long Beach Polytechnic High School Rated A
  • No HOA

About This Home

As of February 2016

Clean Triplex in quiet neighborhood. Perfect start investment. Professionally managed and well-maintained. All units are spacious with good layouts.
Two 1 bed, 1 bath units in front, plus a 2 bed, 1 bath house in back. 2 car garage in back for potential additional income. Separately metered for gas and electricity. Onsite washer and dryer. Dense rental market with low vacancy rate and strong income. Long term tenants all on month to month leases, plenty of room to raise rents. Great proximity to Downtown Long Beach and many redevelopment projects.
One block from the metro rail line and only 2 blocks from an elementary school. Expenses are estimated.

Last Agent to Sell the Property

Anthony Walker

Buckingham Investments, Inc License #01908153 Listed on: 10/16/2015

Co-Listed By

Travis Lebouf

Platinum Properties R.E. License #01938822

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 6,100 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • 2,034 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 2
  • Assessor Parcel Number 7208021008

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,200
  • Maintenance Expense $1,682
  • Pest Control $500
  • Professional Management Expense $2,018
  • Trash Expense $720
  • Water Sewer Expense $720
  • New Taxes Expense $5,988
  • Gross Income $2,950
  • Net Operating Income $26,550

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

6,100 Sq Ft Lot

Parking

2

Listing Details

  • Professional Management Expense: 2018.00
  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 720.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7208021008
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 228.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 500.00
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 6100.00
  • Price Per Lot Square Foot: 76.23
  • Lot Size Acres: 0.1400

Multi Family

  • Gross Income: 2950.00
  • Gross Scheduled Income: 35400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6100.0000 Square Feet
  • Maintenance Expense: 1682.00
  • Net Operating Income: 26550.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 13928.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5988.00
  • Tax Lot: 7
  • Tax Tract Number: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2024
Sold by
Bought by
Current Estimated Value
$814,962

Purchase Details

Closed on
Jun 7, 2023
Sold by
Bought by

Purchase Details

Closed on
Feb 12, 2018
Sold by
Bought by

Purchase Details

Listed on
Oct 16, 2015
Closed on
Mar 8, 2016
Sold by
Bought by
Seller's Agent
Anthony Walker
Buckingham Investments, Inc
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$479,000
Sold Price
$465,000
Premium/Discount to List
-$14,000
-2.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.60%

Purchase Details

Closed on
Dec 14, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,750
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2010
Sold by
Bought by

Purchase Details

Closed on
Feb 4, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2009
Sold by
Bought by

Purchase Details

Closed on
Mar 11, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 2, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Listed On Document
-- Accommodation
-- None Available
$465,000 First American Title Company
-- None Available
$270,000 Fat
$292,825 Accommodation
$500,000 Ticor Title
-- Ticor Title
-- --
$97,000 Old Republic Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $348,750
Previous Owner $202,500
Previous Owner $450,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/17/2016 02/17/16 Sold $465,000 -2.9% $229 / Sq Ft
12/15/2015 12/15/15 Pending -- -- --
10/16/2015 10/16/15 For Sale $479,000 -- $235 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,767 $711,278 $284,127 $427,151
2024 $7,385 $539,667 $232,114 $307,553
2023 $7,259 $529,086 $227,563 $301,523
2022 $6,825 $518,712 $223,101 $295,611
2021 $6,683 $508,542 $218,727 $289,815
2020 $6,666 $503,329 $216,485 $286,844
2019 $6,589 $493,461 $212,241 $281,220
2018 $6,330 $483,786 $208,080 $275,706
2016 $3,852 $294,406 $185,368 $109,038
2015 $3,705 $289,985 $182,584 $107,401
2014 $3,694 $284,306 $179,008 $105,298
Source: Public Records

Agents Affiliated with this Home

  • Anthony Walker

    Seller's Agent in 2016

    Anthony Walker

    Buckingham Investments, Inc

    (310) 982-7055

    88 Total Sales

    Anthony Walker
    Section Image

  • T

    Seller Co-Listing Agent in 2016

    Travis Lebouf

    RE/MAX

    Section Image

  • G

    Buyer's Agent in 2016

    General NONMEMBER

    NONMEMBER MRML

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15226763

California Regional Multiple Listing Service (CRMLS)

APN: 7208-021-008

California Los Angeles County Long Beach 90806 Sunrise

2240 Elm Ave, Long Beach, CA

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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