NOT LISTED FOR SALE

Estimated Value: $1,001,000 - $1,276,065

5 Beds
4 Baths
2,335 Sq Ft
$492/Sq Ft Est. Value

Last Sold October 19, 2022

Last sale price $1,120,000 $480 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,243/month

79 Days on Market

About This Home

As of October 2022

Rare opportunity to invest in a fully renovated 4-unit property with strong rents. This is a legal duplex with a fully permitted ADU and Jr ADU. The property was extensively renovated with all new kitchens, baths, and much more. The units are individually metered for gas and electricity.

Last Agent to Sell the Property

Cody Charnell

Sage Real Estate Group, Inc. License #01950585 Listed on: 04/25/2022

Last Buyer's Agent

Janet Ma

Wetrust Realty License #01966733

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 6,019 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Home Design

  • 2,335 Sq Ft Home
  • Property Attached

Additional Features

  • 5 Bedrooms
  • Laundry Room

Listing and Financial Details

  • Legal Lot and Block 28 / 13
  • Tax Tract Number 5992
  • Assessor Parcel Number 7125026020

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • North Long Beach Subdivision

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • CapRate: 5.60
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7125026020
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 479.66

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6019.00
  • Lot Size Acres: 0.1382

Multi Family

  • Gross Multiplier: 12.80
  • Gross Scheduled Income: 90012.00
  • Lot Size Area: 6019.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Block: 13
  • Tax Census Tract: 5703.03
  • Tax Lot: 28
  • Tax Tract Number: 5992

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2022
Sold by
Webster Alden John and Robinson Anne
Bought by
Ardakani Arya Atimadi
Current Estimated Value
$1,148,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
5.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2020
Sold by
Wright Marica
Bought by
Alden John Webster and Alden Anne Robinson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$688,047
Interest Rate
3%

Purchase Details

Closed on
Apr 5, 2019
Sold by
Robles Gabriel and Barragan Robles Martha Ruth
Bought by
Wright Marcia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,800
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2017
Sold by
Robles Gabriel and Barragan Robles Martha Ruth
Bought by
Barragan Robles Gabriel and Barragan Robles Martha Ruth

Purchase Details

Closed on
Jan 22, 2013
Sold by
Robles Gabriel and Sanchez Martha R
Bought by
Robles Gabriel and Barragan Robles Martha Ruth

Purchase Details

Closed on
Sep 13, 2006
Sold by
Robles Gabriel
Bought by
Barragan Robles Gabriel and Barragan Sanchez Martha R

Purchase Details

Closed on
Nov 16, 1999
Sold by
Robles Martha Ruth
Bought by
Robles Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
7.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 1999
Sold by
Robles Gabriel and Robles Jorge L
Bought by
Robles Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
7.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 1999
Sold by
Aguiling Frankdelroose and Aguiling Susan B
Bought by
Robles Gabriel and Robles Jorge Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
7.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 6, 1994
Sold by
Batugal Ondrico and Batugal Francisca A
Bought by
Robles Gabriel and Robles Jorge Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,581
Interest Rate
8.56%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 16, 1989
Sold by
Batugal Ondrico and Batugal Francisca A
Bought by
Batugal Ondrico and Batugal Francisca A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Ardakani Arya Atimadi $1,121,818 Ticor Title
Alden John Webster $701,000 Ticor Title Company
Wright Marcia $664,000 First American Title Company
Barragan Robles Gabriel -- None Available
Robles Gabriel -- None Available
Barragan Robles Gabriel -- None Available
Robles Gabriel -- North American Title Co
Robles Jorge Luis -- North American Title Co
Robles Gabriel -- North American Title Co
Robles Gabriel -- North American Title Co
Robles Gabriel $147,000 North American Title Co
Batugal Ondrico $8,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ardakani Arya Atimadi $735,000
Previous Owner Alden John Webster $688,047
Previous Owner Wright Marcia $630,800
Previous Owner Robles Jorge Luis $142,000
Previous Owner Robles Gabriel $142,000
Previous Owner Robles Gabriel $144,581
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/19/2022 10/19/22 Sold $1,120,000 -3.4% $480 / Sq Ft
10/19/2022 10/19/22 Price Changed $1,160,000 0.0% $497 / Sq Ft
07/29/2022 07/29/22 Price Changed $1,160,000 -3.2% $497 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
05/31/2022 05/31/22 Price Changed $1,198,000 -6.8% $513 / Sq Ft
04/25/2022 04/25/22 For Sale $1,285,000 +93.5% $550 / Sq Ft
06/05/2019 06/05/19 Sold $664,000 -1.6% $350 / Sq Ft View Prior Sale
03/21/2019 03/21/19 Price Changed $675,000 -3.6% $356 / Sq Ft
01/09/2019 01/09/19 For Sale $700,000 -- $369 / 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 $14,952 $1,165,248 $332,928 $832,320
2024 $14,952 $1,142,400 $326,400 $816,000
2023 $14,698 $1,120,000 $320,000 $800,000
2022 $9,237 $714,714 $357,714 $357,000
2021 $9,048 $700,700 $350,700 $350,000
2020 $8,725 $677,500 $306,000 $371,500
2019 $3,874 $271,667 $112,602 $159,065
2018 $3,695 $266,346 $110,395 $155,951
2017 $3,656 $260,909 $108,231 $152,678
2016 $3,401 $255,794 $106,109 $149,685
2015 $3,272 $251,953 $104,516 $147,437
2014 $3,265 $247,018 $102,469 $144,549
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22075507

California Regional Multiple Listing Service (CRMLS)

APN: 7125-026-020