NOT LISTED FOR SALE

Estimated Value: $748,000 - $867,000

3 Beds
2 Baths
1,428 Sq Ft
$564/Sq Ft Est. Value

Last Sold August 09, 2022

Last sale price $680,000 $476 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,996/month

6 Days on Market

Highlights

  • Garage Apartment
  • City View
  • Traditional Architecture
  • Long Beach Polytechnic High School Rated A
  • Open Floorplan
  • Great Room

About This Home

As of August 2022

Great opportunity to own a 2-unit property in Long Beach, located in close proximity to Bobby Smith Elementary School. The property consists of two detached units. The front unit is 2 BR / 1 BA house delivered VACANT with cute curb appeal, a relaxing covered front porch that spans the length of the home; sunny windows surrounding; an open, great-room layout; an eat-in kitchen with gas stove / range and dishwasher. The 2 bedrooms hug a hallway bathroom with a pedestal sink and a tub over shower design. The front house has access to an off-street driveway and a detached 1 car garage. The rear unit is a 1 BR / 1 BA apartment built over a large 2 car rear entry garage. This apartment has a vintage aesthetic with tree top view windows and lots of potential. This apartment is tenant occupied at $900 /mo. (Tenant is fully performing on rent and current!). In preparation for this sale, the current owner has proactively done a home inspection, termite inspection, and the required City of Long Beach garage inspection. This awesome property is to be sold "AS IS" and "WHERE IS" with the current tenant to remain in possession. ** Some photos are virtually staged **

Last Agent to Sell the Property

Roddy de la Garza

Epique Realty License #01995374 Listed on: 07/07/2022

Epique Realty

Last Buyer's Agent

Ponnary Keo

California Financial & RE Ctr License #01185863

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1958

Lot Details

  • 5,618 Sq Ft Lot
  • East Facing Home
  • Fenced Yard
  • Gated Home
  • Rectangular Lot
  • Back and Front Yard
  • Property is zoned LBR1N

Parking

  • 1 Open Parking Space
  • 1 Car Garage
  • Garage Apartment
  • Driveway

Home Design

  • Traditional Architecture
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,428 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Great Room
  • City Views

Kitchen

  • Gas Oven
  • Range
  • Dishwasher
  • Laminate Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms
  • Bathtub with Shower

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Front Porch
  • City Lot
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 7208-020-026

Home Details

Home Type

Single Family

Year Built

Built in 1958

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: One, Two
  • Street Number Display: Yes
  • Alley: Yes
  • Entry Location: Ground Level w/steps
  • Exclusions: Any tenant owned property
  • Living Area: 1428
  • Lot Acreage: 0.1290
  • Stories: 2
  • Year Built: 1958
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Open Floor Plan
  • Appliances: Oven-Gas, Range, Gas
  • Bedrooms: 3
  • Common Walls: Detached/No Common Walls
  • Bathroom Features: Shower Over Tub
  • Kitchen Features: Laminate Counters
  • Total Bathrooms: 2.00
  • Equipment: Ceiling Fan, Dishwasher, Range/Oven
  • Inclusions: None
  • Price Per S Q F T: 419.47

Exterior Features

  • Direction Faces: East
  • Construction: Stucco, Wood Siding
  • Other Structures: Other
  • Patio: Porch - Front
  • Pool: No
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Other Spaces: 1
  • Garage Structures: 2
  • Parking Garage: Garage - 1 Car, Garage - 2 Car, Driveway - Concrete
  • Total Parking: 4

Utilities

  • Heating: Natural Gas
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Security: Carbon Monoxide Detector(s), Smoke Detector, Gated
  • Water: Public
  • Water Expense: 552.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 804.00
  • Trash Expense: 300.00

Lot Info

  • Assessed Improvement Percent: 33.66
  • Assessed Improvement Value: 158084
  • Assessed Land Percent: 66.34
  • Assessed Land Value: 311503
  • Total Assessed Value: 469587
  • Assessor Parcel Number: 7208-020-026
  • Lot Description: Fenced Yard, Lot Shape-Rectangular, Sidewalks, Front Yard, Back Yard, Walk Street
  • Lot Location: City
  • Lot Size Area: 5618

Rental Info

  • Number Leased: 1
  • Total Actual Rent: 10800.00
  • Land Lease Type: Fee
  • Owner Pays: Water

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.50
  • Number Of Units: 2
  • Type Of Units: Duplex

Tax Info

  • Tax Expense: 6044.00

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2020
Sold by
Heng Nurt and Heng Laura Shirley
Bought by
Heng Nurt and Heng Laura Shirley
Current Estimated Value
$805,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Outstanding Balance
$217,125
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$588,832

Purchase Details

Closed on
Sep 22, 2019
Sold by
Heng Nurt and Heng Chinh Kimhach
Bought by
Heng Nurt and Heng Laura Shirley

Purchase Details

Listed on
Jun 16, 2012
Closed on
Aug 8, 2012
Sold by
Lek Simon and Lek Emely
Bought by
Heng Nurt and Heng Chinh Kimhach
Seller's Agent
Theary Sim-ieng
California Financial & RE Ctr
Buyer's Agent
Choeun Kem
Pacific Delta
List Price
$339,900
Sold Price
$315,000
Premium/Discount to List
-$24,900
-7.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.32%
Original Mortgage
$304,385
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 30, 2011
Sold by
Lek Simon and Lek Emely
Bought by
Lek Simon and Lek Emely

Purchase Details

Closed on
Mar 23, 1995
Sold by
Heng Brian Daniel and Heng Sopheareath C
Bought by
Lek Simon and Lek Emely

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,600
Interest Rate
8.44%
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
Heng Nurt -- Western Resources Title Co
Heng Laurie -- Western Resources Ttl & Synr
Heng Laura Shirley -- Western Resources Title
Heng Nurt -- None Available
Heng Nurt $315,000 Nations Title Company Of Ca
Lek Simon -- None Available
Lek Simon -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heng Nurt $244,000
Previous Owner Heng Nurt $304,385
Previous Owner Lek Simon $128,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/09/2022 08/09/22 Sold $680,000 +13.5% $476 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $598,998 +90.2% $419 / Sq Ft
09/07/2012 09/07/12 Sold $315,000 -7.3% $221 / Sq Ft View Prior Sale
07/15/2012 07/15/12 Pending -- -- --
06/16/2012 06/16/12 For Sale $339,900 -- $238 / Sq Ft
Source: The MLS

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 $9,133 $707,472 $457,776 $249,696
2024 $9,133 $693,600 $448,800 $244,800
2023 $8,859 $680,000 $440,000 $240,000
2022 $6,169 $478,978 $317,733 $161,245
2021 $6,045 $469,587 $311,503 $158,084
2020 $6,029 $464,773 $308,309 $156,464
2019 $4,569 $347,727 $220,780 $126,947
2018 $4,361 $340,909 $216,451 $124,458
2016 $4,010 $327,673 $208,047 $119,626
2015 $3,850 $322,752 $204,922 $117,830
2014 $3,830 $316,430 $200,908 $115,522
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-176663

The MLS

APN: 7208-020-026