NOT LISTED FOR SALE

2310 Myrtle Ave Long Beach, CA 90806

Sunrise Neighborhood

Estimated Value: $900,000 - $1,142,000

4 Beds
2 Baths
2,512 Sq Ft
$408/Sq Ft Est. Value

Last Sold February 28, 2019

Last sale price $703,000 $280 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $6,209/month

75 Days on Market

Highlights

  • No Units Above
  • Laundry Room
  • 1-Story Property
  • Long Beach Polytechnic High School Rated A
  • Level Lot
  • 1-minute walk to NAACP Freedom Park

About This Home

As of February 2019

This triplex is a great opportunity for an investor or multiple families. Situated in the heart of Long Beach, this property boasts plenty of off-street parking and spacious units. Tax records show a total 4 bedrooms and 3 baths, but the owner's unit in the rear was reconfigured into a 3 bedroom for a total of 5 bedrooms. Rear unit has large uncovered parking space with access off the alley, and front units also have uncovered parking with room for 2+ cars each. It is just blocks away from Long Beach City College and has easy access to freeways.

Last Agent to Sell the Property

Shannon Jones

Keller Williams Pacific Estate License #01247705 Listed on: 11/07/2018

Keller Williams Pacific Estate

Co-Listed By

Brad Jones

Keller Williams Pacific Estate License #01394310

Last Buyer's Agent

Mike Kao

MIKE KAO License #01100009

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,523 Sq Ft Lot
  • No Units Above
  • 1 Common Wall
  • Level Lot

Home Design

  • Property Attached

Interior Spaces

  • 2,512 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Paved Parking

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 5500
  • Assessor Parcel Number 7211011006

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,220
  • Trash Expense $300
  • Water Sewer Expense $228
  • New Taxes Expense $8,089
  • Operating Expense $11,637
  • Gross Income $46,800
  • Net Operating Income $35,163

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 228.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7211011006
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above
  • Levels: One
  • Price Per Square Foot: 279.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete, Uncovered
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6523.00
  • Lot Size Acres: 0.1497

Multi Family

  • Gross Income: 46800.00
  • Gross Scheduled Income: 46800.00
  • Insurance Expense: 1220.00
  • Lot Size Area: 6523.0000 Square Feet
  • Net Operating Income: 35163.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 11637.00
  • Rent Control: No
  • Total Expenses: 11637.00

Tax Info

  • New Taxes Expense: 8089.00
  • Tax Census Tract: 5732.01
  • Tax Lot: 6
  • Tax Tract Number: 5500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2018
Closed on
Jan 23, 2019
Sold by
Do William and Do Alissa Moun
Bought by
Lo Chih Heng and Louie Lisa
Seller's Agent
Shannon Jones
Keller Williams Pacific Estate
Buyer's Agent
Mike Kao
MIKE KAO
List Price
$745,000
Sold Price
$703,000
Premium/Discount to List
-$42,000
-5.64%
Current Estimated Value
$1,025,041

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$322,041
Avg. Annual Appreciation
5.65%
Original Mortgage
$562,000
Outstanding Balance
$492,085
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$532,956

Purchase Details

Closed on
Sep 6, 2006
Sold by
Do William and Do Thongmoun
Bought by
Do William and Do Thongmoun

Purchase Details

Closed on
Jun 7, 2005
Sold by
Bunchay Phanthorn and Bunchay Pamy Khampou
Bought by
Do William and Do Thongmoun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,500
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 5, 2004
Sold by
Bunchay Phanthorn and Bunchay Pamy Khampou
Bought by
Bunchay Phanthorn and Bunchay Pamy Khampou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 1994
Sold by
Khampou Ky and Khampou Pamy
Bought by
Bunchay Phanthorn and Khampou Pamy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
8.54%

Purchase Details

Closed on
Nov 3, 1993
Sold by
Great Western Bank Fsb
Bought by
Khampou Ky and Khampou Pamy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
7.2%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lo Chih Heng $703,000 Chicago Title Co
Do William -- None Available
Do William $530,000 Ticor Title Orange
Bunchay Phanthorn -- First American Title Co
Bunchay Phanthorn -- Commonwealth Land Title Ins
Khampou Ky $95,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lo Chih Heng $562,000
Previous Owner Do William $344,500
Previous Owner Bunchay Phanthorn $260,000
Previous Owner Bunchay Phanthorn $112,000
Previous Owner Khampou Ky $85,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2019 02/28/19 Sold $703,000 +0.6% $280 / Sq Ft
01/21/2019 01/21/19 Pending -- -- --
01/02/2019 01/02/19 Price Changed $699,000 -2.8% $278 / Sq Ft
11/27/2018 11/27/18 Price Changed $719,000 -3.5% $286 / Sq Ft
11/07/2018 11/07/18 For Sale $745,000 -- $297 / 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 $10,246 $784,205 $446,205 $338,000
2024 $10,246 $768,829 $437,456 $331,373
2023 $10,074 $753,755 $428,879 $324,876
2022 $9,464 $738,976 $420,470 $318,506
2021 $9,275 $724,487 $412,226 $312,261
2020 $9,251 $717,060 $408,000 $309,060
2019 $8,494 $649,274 $367,515 $281,759
2018 $8,176 $636,544 $360,309 $276,235
2016 $7,525 $611,828 $346,319 $265,509
2015 $6,070 $602,638 $341,117 $261,521
2014 $7,182 $590,834 $334,435 $256,399
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Shannon Jones

    Keller Williams Pacific Estate

    Section Image

  • B

    Seller Co-Listing Agent in 2019

    Brad Jones

    Keller Williams Pacific Estate

    Section Image

  • M

    Buyer's Agent in 2019

    Mike Kao

    MIKE KAO

    (626) 383-9361

    3 Total Sales

    Mike Kao
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18268375

California Regional Multiple Listing Service (CRMLS)

APN: 7211-011-006

California Los Angeles County Long Beach 90806 Sunrise

2310 Myrtle Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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