NOT LISTED FOR SALE

Estimated Value: $1,498,000 - $1,871,000

14 Beds
8 Baths
4,808 Sq Ft
$350/Sq Ft Est. Value

Last Sold January 13, 2021

Last sale price $1,300,000 $270 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $10,163/month

16 Days on Market

Highlights

  • Ocean Side of Freeway
  • Property is near public transit
  • Mediterranean Architecture
  • Gated Community
  • Main Floor Primary Bedroom
  • Lawn

About This Home

As of January 2021

Excellent investment opportunity, gated 4-Plex with gorgeous Spanish-Colonial Architectural details, ideally located in the desirable Wrigley area of Long Beach, close to local small businesses, shopping, dining, and just minutes from Long Beach Harbor and Marina, Convention Center, Aquarium, and beaches. Security gated entrance, charming wrought iron features, private center courtyard with lawn, manicured landscaping, 4 spacious units, 3 are fully occupied, 1 unit is vacant ready to be leased, each unit is provided with a 1 car garage, on site community laundry facilities. Every unit has it’s own electric, gas, water meters and water heaters, interiors include spacious kitchens with tile floors and gas stoves, and each unit has either 3 or 4 bedrooms and 2 full bathrooms. Tenants pay Gas, Electric, Water/Sewer, Cable, and Phone. Landlord pays Gardener, Water & Elect & Gas for Laundry room. Community laundry facilities provide additional income. SEE ANAYLSIS AND UNIT INFO SECTION FOR MORE INFO. DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Jordan Bennett

Regency Real Estate Brokers License #01850869 Listed on: 11/18/2020

Regency Real Estate Brokers

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 6,600 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Landscaped
  • Lawn
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Mediterranean Architecture
  • Quadruplex
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 4,808 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Living Room

Kitchen

  • Gas Oven
  • Gas Cooktop

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 14 Bedrooms
  • Primary Bedroom on Main
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Additional Features

  • Ocean Side of Freeway
  • Property is near public transit
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone, water
  • Legal Lot and Block I / 2
  • Tax Tract Number 5762
  • Assessor Parcel Number 7205021019

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Wrigley Area Subdivision

Building Details

  • 3 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $1,140
  • Fuel Expense $1,032
  • Gardener Expense $3,200
  • Insurance Expense $3,000
  • Maintenance Expense $2,600
  • Other Expense $160
  • Pest Control $380
  • Professional Management Expense $2,672
  • Water Sewer Expense $2,160
  • New Taxes Expense $15,605
  • Operating Expense $16,439
  • Gross Income $500
  • Net Operating Income $71,466

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Parking

4

Listing Details

  • Professional Management Expense: 2672.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Gated Community
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 2160.00
  • Zoning: LBCNP
  • Architectural Style: Mediterranean
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 3200.00
  • Parcel Number: 7205021019
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Crown Molding
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 270.38
  • Room Type: Kitchen, Living Room, Main Floor Master Bedroom

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community, Individual Room
  • Pest Control Expense: 380.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Landscaped, Lawn, Near Public Transit
  • Lot Size Sq Ft: 6600.00
  • Lot Size Acres: 0.1515

Rental Info

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

Multi Family

  • Average3 Bed Area: 1200 Square Feet
  • Electric Expense: 1140.00
  • Fuel Expense: 1032.00
  • Gross Income: 500.00
  • Gross Operating Income: 87905.00
  • Gross Scheduled Income: 90108.00
  • Insurance Expense: 3000.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 500.00
  • Lot Size Area: 6600.0000 Square Feet
  • Maintenance Expense: 2600.00
  • Net Operating Income: 71466.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Dishwasher: 1
  • Number With Range: 4
  • Operating Expense: 16439.00
  • Other Expense: 160.00
  • Other Expense Description: Ext Cert
  • Rent Control: No
  • Total Actual Rent: 5009.00
  • Total Expenses: 16439.00
  • Vacancy Allowance Rate: 3.00
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 15605.00
  • Tax Block: 2
  • Tax Census Tract: 5731.00
  • Tax Lot: I
  • Tax Tract Number: 5762

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2025
Sold by
Lemon Mesa 2253 Llc
Bought by
Lo Justin and Cheng Josephine
Current Estimated Value
$1,656,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,080,000
Outstanding Balance
$1,080,000
Interest Rate
6.22%
Mortgage Type
New Conventional
Estimated Equity
$602,007

Purchase Details

Closed on
May 22, 2025
Sold by
Adams Amin Family Trust and Adams Joerg Michael
Bought by
Lemon Mesa 2253 Llc

Purchase Details

Closed on
May 11, 2011
Sold by
Miller Kim
Bought by
Thomas Chadyienne D

Purchase Details

Closed on
Jun 22, 2006
Sold by
Project One Step Forward Inc
Bought by
Pacific Ave Trust #2253

Purchase Details

Closed on
May 3, 2004
Sold by
Shelter First Inc
Bought by
Project One Step Forward Inc

Purchase Details

Closed on
Nov 21, 2000
Sold by
Hud
Bought by
One Step Forward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
7.71%

Purchase Details

Closed on
Jan 25, 2000
Sold by
North American Mtg Company
Bought by
Hud

Purchase Details

Closed on
Jan 19, 2000
Sold by
Coronel Anna
Bought by
North American Mtg Company

Purchase Details

Closed on
Oct 29, 1998
Sold by
Hernandez Carlos
Bought by
Coronel Anna and Gomez Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,455
Interest Rate
6.6%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 30, 1998
Sold by
Wilshire Funding
Bought by
Hernandez Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,455
Interest Rate
6.6%
Mortgage Type
FHA

Purchase Details

Closed on
May 11, 1998
Sold by
Cabrera Luis F Morales
Bought by
Wilshire Funding Corp

Purchase Details

Closed on
May 8, 1997
Sold by
Rodriguez Adolfo
Bought by
Cabrera Luis F Morales

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,827
Interest Rate
8.13%
Mortgage Type
FHA

Purchase Details

Closed on
May 7, 1997
Sold by
Great Western Bank Fsb
Bought by
Rodriguez Adolfo and South Central Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,827
Interest Rate
8.13%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 14, 1996
Sold by
Stavros Ted
Bought by
Great Western Bank Fsb
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
Lo Justin $1,440,000 Commonwealth Title
Lemon Mesa 2253 Llc -- None Listed On Document
Thomas Chadyienne D $755,000 Old Republic Title Company
Pacific Ave Trust #2253 $400,000 Chicago Title
Project One Step Forward Inc -- --
One Step Forward $258,000 United Title Company
Hud -- First American Title Ins Co
North American Mtg Company $317,372 Benefit Land Title Ins Co
Coronel Anna $310,000 Benefit Land Title Company
Hernandez Carlos $185,000 Benefit Land Title Company
Wilshire Funding Corp $166,500 Benefit Land Title Ins Co
Cabrera Luis F Morales $330,000 Commonwealth Land Title Co
Rodriguez Adolfo $162,500 Commonwealth Land Title Co
Great Western Bank Fsb $119,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lo Justin $1,080,000
Previous Owner One Step Forward $270,000
Previous Owner Coronel Anna $296,455
Previous Owner Hernandez Carlos $157,000
Previous Owner Cabrera Luis F Morales $314,827
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2021 01/13/21 Sold $1,300,000 0.0% $270 / Sq Ft
12/04/2020 12/04/20 Pending -- -- --
11/18/2020 11/18/20 For Sale $1,300,000 -- $270 / 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 $18,131 $1,407,159 $649,458 $757,701
2024 $18,131 $1,379,569 $636,724 $742,845
2023 $17,829 $1,352,520 $624,240 $728,280
2022 $16,741 $1,326,000 $612,000 $714,000
2021 $15,356 $1,212,432 $505,180 $707,252
2020 $11,527 $884,456 $351,438 $533,018
2019 $11,394 $867,115 $344,548 $522,567
2018 $11,030 $850,114 $337,793 $512,321
2016 $10,128 $817,105 $324,677 $492,428
2015 $9,728 $804,833 $319,801 $485,032
2014 $9,670 $789,068 $313,537 $475,531
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20236764

California Regional Multiple Listing Service (CRMLS)

APN: 7205-021-019