NOT LISTED FOR SALE

Estimated Value: $1,177,684

5 Beds
3 Baths
2,336 Sq Ft
$504/Sq Ft Est. Value

Sale Details

Date Sold: September 2, 2022

Last sale price $1,175,000 $503 Per Sq Ft

Current estimated payment $7,823 / mo

7 Days on Market

Highlights

  • No Units Above
  • Wood Flooring
  • No HOA
  • Fireplace in Primary Bedroom
  • Private Yard
  • Beamed Ceilings

About This Home

As of September 2022

Don't miss this great opportunity to own your own home and produce passive income at the same time. Or rent all 3 units and make even more. This three unit property has a duplex, each unit with 2 bedrooms and 1 bath, good size kitchens and beautiful hardwood floors original to the property. The second unit has a private patio with vinyl fence and gate on one side and block wall on the other side. The third unit, separate and in the back has its own private drive, a spacious great room with trey ceiling, a large master bedroom with fireplace, vaulted, beamed ceiling, oversized mirrored wardrobe closet (4 doors), galley kitchen and a slider to it's own private patio. All 3 units have ceiling fans in the living rooms and bedrooms. The third unit was upgraded less than 3 years ago while the front and mid unit have had some upgrades over time. Centrally located, close to the Circle, Belmont Shores and the beach (4 miles), shopping centers, Long Beach Airport, easy freeway access, and a short drive to downtown Long Beach.

Last Agent to Sell the Property

Katherine Marquez

Engel & Völkers Newport Beach License #01308020 Listed on: 07/27/2022

Engel & Völkers Newport Beach

Last Buyer's Agent

Katherine Marquez

Engel & Völkers Newport Beach License #01308020 Listed on: 07/27/2022

Engel & Völkers Newport Beach
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 6,051 Sq Ft Lot
  • No Units Above
  • 1 Common Wall
  • Vinyl Fence
  • Block Wall Fence
  • Rectangular Lot
  • Private Yard
  • Front Yard

Home Design

  • Property Attached
  • Additions or Alterations
  • Stucco

Interior Spaces

  • 2,336 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Tray Ceiling
  • Ceiling Fan
  • Shutters
  • Blinds
  • Window Screens
  • Living Room

Kitchen

  • Galley Kitchen
  • Gas and Electric Range
  • Free-Standing Range
  • Ceramic Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Mirrored Closets Doors
  • 3 Bathrooms

Laundry

  • Laundry Located Outside
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Driveway
  • Paved Parking
  • On-Street Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Vented Exhaust Fan
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tax Lot 69
  • Tax Tract Number 11451
  • Assessor Parcel Number 7218003025
  • $1,054 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Artcraft Manor Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $516
  • Fuel Expense $392
  • Insurance Expense $1,224
  • Trash Expense $311
  • Water Sewer Expense $588
  • Operating Expense $3,030
  • Net Operating Income $32,970

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

6,051 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Artcraft Manor (AM)
  • View: No
  • Water Sewer Expenses: 587.76
  • Zoning: LBR2N
  • Property Condition: Additions/Alterations
  • Property Type: Residential Income
  • Parcel Number: 7218003025
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Ceiling Fan(s), Ceramic Counters, Tray Ceiling(s)
  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above
  • Flooring: Laminate, Tile, Wood
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s)
  • Fireplace Features: Master Bedroom
  • Levels: One
  • Price Per Square Foot: 503.00
  • Room Type: All Bedrooms Down, Galley Kitchen, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom
  • Window Features: Blinds, Screens, Shutters

Exterior Features

  • Fence: Yes
  • Fencing: Block, Vinyl
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking Features: Driveway, Concrete, Street

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas & Electric Range, Vented Exhaust Fan, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Inside, Outside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 311.40
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Rectangular Lot, Yard
  • Lot Size Sq Ft: 6051.00
  • Lot Size Acres: 0.1389

Multi Family

  • Average1 Bed Area: 800 Square Feet
  • Average2 Bed Area: 768 Square Feet
  • Electric Expense: 515.64
  • Fuel Expense: 391.68
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 1224.00
  • Lot Size Area: 6051.0000 Square Feet
  • Net Operating Income: 32970.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number With Dishwasher: 1
  • Number With Disposal: 3
  • Number With Patio: 2
  • Number With Range: 3
  • Operating Expense: 3030.00
  • Rent Control: No
  • Total Expenses: 3030.48

Tax Info

  • Tax Census Tract: 5742.02
  • Tax Lot: 69
  • Tax Tract: 11451
  • Tax Tract Number: 11451
  • TaxOtherAnnualAssessmentAmount: 1053.54

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

Listed on
Jul 27, 2022
Closed on
Aug 5, 2022
Sold by
Bought by
Seller's Agent
Katherine Marquez
Engel & Völkers Newport Beach
Buyer's Agent
Katherine Marquez
Engel & Völkers Newport Beach
List Price
$1,200,000
Sold Price
$1,175,000
Premium/Discount to List
-$25,000
-2.08%
Views
4
Current Estimated Value
$1,177,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,684
Avg. Annual Appreciation
0.06%
Original Mortgage
$705,000
Outstanding Balance
$667,563
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$510,121

Purchase Details

Closed on
Feb 11, 2021
Sold by
Bought by

Purchase Details

Closed on
Nov 29, 2005
Sold by
Bought by

Purchase Details

Closed on
Aug 26, 2004
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
$50,000
Interest Rate
5.8%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 29, 2004
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
$280,000
Interest Rate
6.27%
Mortgage Type
Stand Alone First
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Artcraft Manor, CA

See All Agents

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
$1,175,000 Western Resources Title
-- None Listed On Document
-- --
-- --
-- Orange Coast Title
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
Open $705,000
Previous Owner $422,500
Previous Owner $50,000
Previous Owner $280,000
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
09/02/2022 09/02/22 Sold $1,175,000 -2.1% $503 / Sq Ft
07/27/2022 07/27/22 For Sale $1,200,000 -- $514 / 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 $16,050 $1,222,470 $832,320 $390,150
2024 $15,355 $1,198,500 $816,000 $382,500
2023 $15,101 $1,175,000 $800,000 $375,000
2022 $4,329 $324,686 $130,603 $194,083
2021 $4,237 $318,321 $128,043 $190,278
2020 $4,226 $315,058 $126,731 $188,327
2019 $4,177 $308,882 $124,247 $184,635
2018 $3,994 $302,826 $121,811 $181,015
2016 $3,674 $291,069 $117,082 $173,987
2015 $3,530 $286,698 $115,324 $171,374
2014 $3,514 $281,083 $113,065 $168,018
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22145203

California Regional Multiple Listing Service (CRMLS)

APN: 7218-003-025

Your Personal Tour Guide

Ask me questions while you tour the home.