NOT LISTED FOR SALE

Estimated Value: $889,000 - $1,272,000

5 Beds
4 Baths
2,335 Sq Ft
$502/Sq Ft Est. Value

Sale Details

Date Sold: October 19, 2022

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

Est. 5% increase in value since last sale

Current estimated payment $7,616 / mo

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 in unit

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

6,019 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2022
Sold by
Bought by
Current Estimated Value
$1,171,034

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
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Jan 22, 2013
Sold by
Bought by

Purchase Details

Closed on
Sep 13, 2006
Sold by
Bought by

Purchase Details

Closed on
Nov 16, 1999
Sold by
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,121,818 Ticor Title
$701,000 Ticor Title Company
$664,000 First American Title Company
-- None Available
-- None Available
-- None Available
-- North American Title Co
-- North American Title Co
-- North American Title Co
-- North American Title Co
$147,000 North American Title Co
$8,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $735,000
Previous Owner $688,047
Previous Owner $630,800
Previous Owner $142,000
Previous Owner $142,000
Previous Owner $144,581
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $15,633 $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

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