NOT LISTED FOR SALE

2250 Magnolia Ave Long Beach, CA 90806

South Wrigley Neighborhood

Estimated Value: $850,000 - $1,053,644

4 Beds
2 Baths
2,416 Sq Ft
$381/Sq Ft Est. Value

Last Sold April 18, 2018

Last sale price $600,000 $248 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $5,560/month

25 Days on Market

Highlights

  • Property is near public transit
  • Walk-In Closet
  • Laundry Room
  • Private Yard
  • Living Room
  • Floor Furnace

About This Home

As of April 2018

This is a multi family home that contains 2 units. Each unit is 2 bedroom, 1 bath. Location is in the Wrigley area of Long Beach.

Last Agent to Sell the Property

Daniel Sheppard

Safeguard Equities Inc License #00358197 Listed on: 02/15/2018

Last Buyer's Agent

Chris Miller

Miller Real Estate License #01723166

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,825

Year Built

  • Built in 1934

Lot Details

  • 6,501 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Driveway

Interior Spaces

  • 2,416 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Floor Furnace
  • Standard Electricity

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 6
  • Assessor Parcel Number 7205024006

Community Details

Overview

  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $450
  • Trash Expense $660
  • Water Sewer Expense $1,140
  • New Taxes Expense $7,687
  • Operating Expense $10,537
  • Gross Income $3,600
  • Net Operating Income $2,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,825

Year Built

Built in 1934

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 1140.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7205024006
  • Year Built: 1934
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 248.34
  • Room Type: Kitchen, Laundry, Living Room, Walk-In Closet

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Floor Furnace
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 660.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Rectangular Lot, Near Public Transit, Yard
  • Lot Size Sq Ft: 6501.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 3600.00
  • Gross Scheduled Income: 3600.00
  • Insurance Expense: 450.00
  • Net Operating Income: 2720.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Carpet: 1
  • Operating Expense: 880.00
  • Rent Control: No
  • Total Actual Rent: 1200.00
  • Total Expenses: 10537.00

Tax Info

  • New Taxes Expense: 7687.00
  • Tax Census Tract: 5731.00
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 21, 2024
Sold by
Nuttal Stephanie E
Bought by
Nuttall Matthew
Current Estimated Value
$921,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Outstanding Balance
$275,234
Interest Rate
6.89%
Mortgage Type
Credit Line Revolving
Estimated Equity
$646,427

Purchase Details

Closed on
Jul 29, 2024
Sold by
Daves Run Llc
Bought by
Nuttall Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Outstanding Balance
$275,234
Interest Rate
6.89%
Mortgage Type
Credit Line Revolving
Estimated Equity
$646,427

Purchase Details

Closed on
Jan 22, 2022
Sold by
Matthew Nuttall
Bought by
Daves Run Llc

Purchase Details

Closed on
Nov 4, 2020
Sold by
Daves Run Llc
Bought by
Nuttall Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2019
Sold by
Nuttall Stephanie E and Nuttall Matt C
Bought by
Daves Run Llc

Purchase Details

Listed on
Feb 15, 2018
Closed on
Mar 22, 2018
Sold by
Kresin Linda J
Bought by
Nuttall Matthew and Nuttal Stephanie
Seller's Agent
Daniel Sheppard
Safeguard Equities Inc
Buyer's Agent
Chris Miller
Miller Real Estate
List Price
$615,000
Sold Price
$600,000
Premium/Discount to List
-$15,000
-2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.87%
Original Mortgage
$579,975
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 20, 2007
Sold by
Kresin Linda J
Bought by
Kresin M Douglas and Kresin Linda J

Purchase Details

Closed on
Mar 28, 2007
Sold by
Kresin Linda J
Bought by
Kresin M Douglas and Kresin Linda J
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
Nuttall Matthew -- First American Title
Nuttall Matthew -- None Listed On Document
Daves Run Llc -- Accommodation/Courtesy Recordi
Nuttall Matthew -- Stewart Title Company Of Ca
Nuttall Matthew -- Stewart Title Company Of Ca
Daves Run Llc -- None Available
Nuttall Matt C -- None Available
Nuttall Matthew $600,000 Old Republic Title Company
Kresin M Douglas -- None Available
Kresin M Douglas -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nuttall Matthew $280,000
Previous Owner Nuttall Matthew $570,000
Previous Owner Nuttall Matthew $579,975
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2018 04/18/18 Sold $600,000 -2.4% $248 / Sq Ft
03/12/2018 03/12/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $615,000 -- $255 / 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 $8,825 $682,694 $341,347 $341,347
2024 $8,825 $669,308 $334,654 $334,654
2023 $12,571 $969,000 $561,000 $408,000
2022 $8,081 $637,500 $357,000 $280,500
2021 $7,983 $630,706 $315,353 $315,353
2020 $7,962 $624,240 $312,120 $312,120
2019 $7,870 $612,000 $306,000 $306,000
2018 $1,431 $86,136 $47,811 $38,325
2017 $1,417 $84,448 $46,874 $37,574
2016 $1,305 $82,793 $45,955 $36,838
2015 $1,262 $81,550 $45,265 $36,285
2014 $1,267 $79,954 $44,379 $35,575
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    Daniel Sheppard

    Safeguard Equities Inc

    Section Image

  • C

    Buyer's Agent in 2018

    Chris Miller

    Miller Real Estate

    (562) 597-3062

    9 Total Sales

    Chris Miller
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18048362

California Regional Multiple Listing Service (CRMLS)

APN: 7205-024-006

California Los Angeles County Long Beach 90806 South Wrigley

2250 Magnolia Ave, Long Beach, CA

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