NOT LISTED FOR SALE

Estimated Value: $727,000 - $859,032

3 Beds
2 Baths
1,526 Sq Ft
$527/Sq Ft Est. Value

Last Sold July 09, 2024

Last sale price $750,000 $491 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,371/month

17 Days on Market

Highlights

  • Gated Parking
  • Granite Countertops
  • Two Homes on a Lot
  • Long Beach Polytechnic High School Rated A
  • No HOA
  • Crown Molding

About This Home

As of July 2024

Charming duplex in the Poly High neighborhood of Long Beach! Offering two detached units with separate entrances and ample parking, this asset presents an excellent opportunity for both owner-users and investors. A lovely garden and sweet front porch welcome you to the main house, which is ±1,090 SF and features 2 bedrooms, 1 bath, a family room, dining room, and kitchen. It boasts several recent upgrades, including a new water heater (±2023), new tile floors in the kitchen, dining room, and hallway (±2023), updated plumbing (±2023), a new block wall between the main house and back house (±2022), a modernized kitchen with newer cabinetry and granite counters (±2020), a fully remodeled bathroom (±2020), and a new furnace (±2021). Parking is a breeze with the long driveway, covered carport, and the detached garage that houses the shared laundry, a bonus room, and a convenient half-bath. Plus, behind the main house is a private backyard with citrus trees and a grassy area, perfect for relaxing and entertaining. The back unit is ±436 SF and is comprised of 1 bedroom, 1 bath, a kitchen, and a living room, and it's ready to be reimagined with some TLC to reveal its fullest potential! With its own address, separate entrance, and its own parking accessible from the alley off 23rd Street, it offers lots of possibilities for various uses. Each unit is separately metered for gas and electricity, and they are master-metered for water. Located just ±2.5 miles from Downtown Long Beach and ±5 miles from Cal State University Long Beach. Don't miss this fantastic opportunity to own a versatile asset in a vibrant neighborhood close to essential amenities!

Last Agent to Sell the Property

Christina Pambakian

Equity Union License #01466412 Listed on: 05/20/2024

Last Buyer's Agent

Chris Miller

Miller Real Estate License #01723166

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915 | Remodeled

Lot Details

  • 5,512 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Block Wall Fence
  • Chain Link Fence
  • Paved or Partially Paved Lot
  • Back and Front Yard

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • 2 Attached Carport Spaces
  • Parking Available
  • Driveway
  • Gated Parking

Home Design

  • Duplex
  • Entry on the 1st floor
  • Fixer Upper

Interior Spaces

  • 1,526 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Ceiling Fan
  • Living Room
  • Window Bars

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Granite Countertops
  • Laminate Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Additional Features

  • Exterior Lighting
  • Two Homes on a Lot

Listing and Financial Details

  • Legal Lot and Block 5 / 2
  • Assessor Parcel Number 7208016018

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Poly High Subdivision

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1915 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Window Bars
  • Subdivision Name Other: Poly High (PH)
  • View: No
  • Zoning: LBR1N
  • Property Condition: Fixer, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7208016018
  • Year Built: 1915
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Crown Molding, Granite Counters, Laminate Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 491.48
  • Room Type: Kitchen, Living Room

Exterior Features

  • Other Structures: Two On A Lot
  • Fence: Yes
  • Fencing: Block, Chain Link, Wood, Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Attached Carport, Covered, Driveway, Gated
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Gas Dryer Hookup, In Garage, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Paved
  • Lot Size Sq Ft: 5512.00
  • Lot Size Acres: 0.1265
  • Latitude Manual: 33.79920400

Multi Family

  • Average1 Bed Area: 436 Square Feet
  • Average2 Bed Area: 1090 Square Feet
  • Lot Size Area: 5512.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 5732.01
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2024
Closed on
Jul 2, 2024
Sold by
Gutierrez Jose Luis and Gutierrez Luis
Bought by
Tan Somatey
Seller's Agent
Christina Pambakian
Equity Union
Buyer's Agent
Chris Miller
Miller Real Estate
List Price
$670,000
Sold Price
$750,000
Premium/Discount to List
$80,000
11.94%
Views
70
Current Estimated Value
$803,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,508
Avg. Annual Appreciation
4.58%
Original Mortgage
$600,000
Outstanding Balance
$592,765
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$210,743
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
Tan Somatey $750,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tan Somatey $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/09/2024 07/09/24 Sold $750,000 0.0% $491 / Sq Ft
07/09/2024 07/09/24 Sold $750,000 +11.9% $491 / Sq Ft View Prior Sale
06/09/2024 06/09/24 For Sale $670,000 0.0% $439 / Sq Ft
06/09/2024 06/09/24 For Sale $670,000 -10.7% $439 / Sq Ft
06/06/2024 06/06/24 Pending -- -- --
06/06/2024 06/06/24 Pending -- -- --
05/28/2024 05/28/24 Off Market $750,000 -- --
05/28/2024 05/28/24 Off Market $750,000 -- --
05/20/2024 05/20/24 For Sale $670,000 0.0% $439 / Sq Ft
05/20/2024 05/20/24 For Sale $670,000 -- $439 / 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 $2,537 $750,000 $450,000 $300,000
2024 $2,537 $172,451 $87,838 $84,613
2023 $2,490 $169,070 $86,116 $82,954
2022 $2,349 $165,756 $84,428 $81,328
2021 $2,291 $162,507 $82,773 $79,734
2020 $2,284 $160,842 $81,925 $78,917
2019 $2,257 $157,689 $80,319 $77,370
2018 $2,117 $154,598 $78,745 $75,853
2016 $1,942 $148,596 $75,688 $72,908
2015 $1,869 $146,365 $74,552 $71,813
2014 $1,867 $143,499 $73,092 $70,407
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24091656

California Regional Multiple Listing Service (CRMLS)

APN: 7208-016-018