NOT LISTED FOR SALE

2292 Lewis Ave Long Beach, CA 90806

Sunrise Neighborhood

Estimated Value: $1,123,000 - $1,645,000

12 Beds
6 Baths
3,248 Sq Ft
$415/Sq Ft Est. Value

Last Sold January 18, 2019

Last sale price $950,000 $292 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $8,214/month

Highlights

  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • 1-minute walk to NAACP Freedom Park

About This Home

As of January 2019

Excellent 4 units investment property located in Long Beach. Building has 3,248 square feet with a 7,321 sqft lot. Built in 1989. Two 3 bedrooms and 2 bath and 2 two bedrooms and 1 bath. Drive by only, do not disturb tenants, offer subject to inspection.

Last Agent to Sell the Property

Paul Ferreccio

Berkshire Hathaway HomeServices California Properties License #01099719 Listed on: 11/07/2018

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Matt Mahowald

Buckingham Investments, Inc License #02001732

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,816

Year Built

  • Built in 1989

Lot Details

  • 7,322 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 3,248 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 5733
  • Assessor Parcel Number 7211017039

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $1,200
  • Water Sewer Expense $3,840
  • New Taxes Expense $11,225
  • Operating Expense $17,215
  • Gross Income $43,985
  • Net Operating Income $43,985

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,816

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3840.00
  • Zoning: LBR34
  • Property Type: Residential Income
  • Parcel Number: 7211017039
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 292.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7322.00
  • Lot Size Acres: 0.1681

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 43985.00
  • Gross Scheduled Income: 61200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7322.0000 Square Feet
  • Net Operating Income: 43985.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 28.00
  • Rent Control: No
  • Total Expenses: 17215.00

Tax Info

  • New Taxes Expense: 11225.00
  • Tax Census Tract: 5733.00
  • Tax Lot: 1
  • Tax Tract Number: 5733.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2022
Sold by
Daniel Matara Romeo and Carline E
Bought by
Verdugo Woodlands Trust
Current Estimated Value
$1,346,800

Purchase Details

Listed on
Nov 7, 2018
Closed on
Jan 3, 2019
Sold by
Matara Eveline Carline
Bought by
Matara Romeo Daniel
Seller's Agent
Paul Ferreccio
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Matt Mahowald
Buckingham Investments, Inc
List Price
$898,000
Sold Price
$950,000
Premium/Discount to List
$52,000
5.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.28%
Original Mortgage
$665,000
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 7, 2018
Closed on
Dec 14, 2018
Sold by
Wilson Jeffrey and Cortelia Monica D
Bought by
Matara Romeo Daniel
Seller's Agent
Paul Ferreccio
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Matt Mahowald
Buckingham Investments, Inc
List Price
$898,000
Sold Price
$950,000
Premium/Discount to List
$52,000
5.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2007
Sold by
Wilson Jeffrey
Bought by
Wilson Jeffrey and Cortella Monika D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2002
Sold by
Grott Jayne S
Bought by
Grott Steven M

Purchase Details

Closed on
Nov 1, 2002
Sold by
Jones Douglas W
Bought by
Jones Douglas W and Jones Laura C

Purchase Details

Closed on
May 19, 1998
Sold by
Johnson Lawrence P
Bought by
World Svgs Bank
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
Verdugo Woodlands Trust -- Coffeen Law Group
Matara Romeo Daniel -- California Title Company
Matara Romeo Daniel $950,000 California Title Company
Wilson Jeffrey -- First American Title Ins
Grott Steven M -- Com Land
Jones Douglas W -- Commonwealth Land Title Co
World Svgs Bank $195,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Matara Romeo Daniel $665,000
Previous Owner Wilson Jeffrey $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2019 01/18/19 Sold $950,000 +5.8% $292 / Sq Ft
12/13/2018 12/13/18 Pending -- -- --
11/07/2018 11/07/18 For Sale $898,000 0.0% $276 / Sq Ft
07/17/2014 07/17/14 Rented $1,000 0.0% --
07/17/2014 07/17/14 For Rent $1,000 -33.1% --
02/20/2012 02/20/12 Rented $1,495 0.0% --
02/20/2012 02/20/12 Under Contract -- -- --
02/07/2012 02/07/12 For Rent $1,495 -- --
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 $13,816 $1,059,737 $557,756 $501,981
2024 $13,816 $1,038,959 $546,820 $492,139
2023 $16,140 $1,224,000 $663,000 $561,000
2022 $12,759 $998,618 $525,588 $473,030
2021 $12,499 $979,038 $515,283 $463,755
2020 $12,467 $969,000 $510,000 $459,000
2019 $11,112 $850,000 $391,000 $459,000
2018 $10,945 $850,000 $391,000 $459,000
2016 $8,309 $665,000 $305,900 $359,100
2015 $8,094 $665,000 $305,900 $359,100
2014 $7,801 $630,000 $289,800 $340,200
Source: Public Records

Agents Affiliated with this Home

  • Paul Ferreccio

    Seller's Agent in 2019

    Paul Ferreccio

    Berkshire Hathaway HomeServices California Properties

    (310) 938-8005

    49 Total Sales

    Paul Ferreccio
    Section Image
  • Matt Mahowald

    Buyer's Agent in 2019

    Matt Mahowald

    Buckingham Investments, Inc

    (310) 982-7055

    3 in this area

    30 Total Sales

    Matt Mahowald
    Section Image

  • J

    Seller's Agent in 2014

    Justin Edwards

    Beach Cities Management, Inc.

    (562) 888-0247

    14 Total Sales

    Justin Edwards
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18267492

California Regional Multiple Listing Service (CRMLS)

APN: 7211-017-039

California Los Angeles County Long Beach 90755 Sunrise

2292 Lewis Ave, Long Beach, CA

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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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