NOT LISTED FOR SALE

Estimated Value: $949,000 - $1,210,000

5 Beds
4 Baths
2,148 Sq Ft
$491/Sq Ft Est. Value

Last Sold February 14, 2023

Last sale price $916,405 $427 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $6,540/month

41 Days on Market

Highlights

  • No Units Above
  • Neighborhood Views
  • Recessed Lighting
  • No HOA
  • Living Room
  • Laundry Room

About This Home

As of February 2023

Desirable South Wrigley Location- Triplex with Detached Single Family Home and 2- 1 Bedroom Units over 4 Garages. Excellent location, just west of Pacific Ave, close to shopping centers, Long Beach Memorial Hospital, restaurants, and breweries. Perfect set up for an owner-user to collect rents from 2 units, or an investor who wants a low-maintenance property. Front home is tastefully upgraded with granite countertops, oak wood cabinetry in the kitchen, and barstool seating. Separate Laundry facilities on-site for each tenant's use. Plenty of off-street parking, including a covered car-port, driveway, and 4 single car garages. Updated plumbing and electric. Separately metered for gas and electric.

Last Agent to Sell the Property

Marlena Baldonado

Coldwell Banker Realty License #01937854 Listed on: 11/08/2022

Coldwell Banker Realty

Co-Listed By

Julie Malekii

Coldwell Banker Realty License #02123372

Last Buyer's Agent

Cody Charnell

Sage Real Estate Group, Inc. License #01950585

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,302

Year Built

  • Built in 1956

Lot Details

  • 6,500 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Chain Link Fence
  • Front Yard

Parking

  • 4 Car Garage
  • 2 Open Parking Spaces
  • 1 Carport Space
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Triplex
  • Turnkey

Interior Spaces

  • 2,148 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Living Room
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Exterior Lighting
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 10 / 4
  • Assessor Parcel Number 7205016010

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Other Expense $11,270
  • Operating Expense $18,360
  • Gross Income $61,200
  • Net Operating Income $41,554

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,302

Year Built

Built in 1956

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.63
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: LBR1N
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7205016010
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Recessed Lighting
  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 426.63
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, Garage Faces Rear
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Laundry Features: In Garage, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6500.00
  • Lot Size Acres: 0.1492

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 61200.00
  • Gross Multiplier: 15.10
  • Gross Operating Income: 59364.00
  • Gross Scheduled Income: 61200.00
  • Lot Size Area: 6500.0000 Square Feet
  • Net Operating Income: 41554.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 18360.00
  • Operating Expense Percent: 30.00
  • Other Expense: 11270.00
  • Other Expense Description: Prop Tax
  • Rent Control: No
  • Total Expenses: 18360.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 4
  • Tax Census Tract: 5731.02
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2022
Closed on
Dec 22, 2022
Sold by
Mckinley Caroline N
Bought by
Huynh Douglas and Wu Joanna
Seller's Agent
Marlena Baldonado
Coldwell Banker Realty
Buyer's Agent
Cody Charnell
Sage Real Estate Group, Inc.
List Price
$925,000
Sold Price
$916,405
Premium/Discount to List
-$8,595
-0.93%
Views
41
Current Estimated Value
$1,053,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,217
Avg. Annual Appreciation
5.30%
Original Mortgage
$687,303
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2022
Sold by
Yufenyuy Polycarp A
Bought by
Mckinley Caroline N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$687,303
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2020
Sold by
Mckinley Caroline N and Mckinley Caroline
Bought by
Mckinley Caroline N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$604,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2017
Sold by
Mckinley Caroline
Bought by
Mckinley Caroline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$564,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2007
Sold by
Mckinley Cory
Bought by
Mckinley Caroline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
6.66%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 11, 2007
Sold by
Figueroa Luis and Figueroa Silvia
Bought by
Mckinley Caroline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
6.66%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 15, 2005
Sold by
Figueroa Luis and Figueroa Silvia
Bought by
Figueroa Luis and Figueroa Silvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,000
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 29, 2003
Sold by
Figueroa Luis
Bought by
Figueroa Luis and Figueroa Silvia

Purchase Details

Closed on
Sep 30, 2003
Sold by
Figueroa Hugo and Figueroa Luis
Bought by
Figueroa Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 19, 2003
Sold by
Figueroa Silvia
Bought by
Figueroa Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 6, 2003
Sold by
Figueroa Hugo
Bought by
Figueroa Luis and Figueroa Hugo

Purchase Details

Closed on
Feb 10, 1999
Sold by
Izumi Kiyoshi and Izumi Mieko
Bought by
Figueroa Hugo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,916
Interest Rate
6.7%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Huynh Douglas $1,291,000 Old Republic Title Company
Mckinley Caroline N -- Old Republic Title Company
Mckinley Caroline N -- Unisource
Mckinley Caroline -- Title 365
Mckinley Caroline -- Chicago Title Co
Mckinley Caroline $720,000 Chicago Title Co
Figueroa Luis -- --
Figueroa Luis -- First American Title Company
Figueroa Luis -- --
Figueroa Luis -- Southland Title Corporation
Figueroa Luis -- Southland Title Corporation
Figueroa Hugo -- Southland Title Corporation
Figueroa Luis -- Southland Title
Figueroa Hugo $163,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Huynh Douglas $687,303
Previous Owner Mckinley Caroline N $604,000
Previous Owner Mckinley Caroline $564,000
Previous Owner Mckinley Caroline $72,000
Previous Owner Mckinley Caroline $576,000
Previous Owner Figueroa Luis $359,000
Previous Owner Figueroa Luis $210,000
Previous Owner Figueroa Hugo $161,916
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2023 02/14/23 Sold $916,405 -0.9% $427 / Sq Ft
12/20/2022 12/20/22 Pending -- -- --
11/08/2022 11/08/22 For Sale $925,000 -- $431 / 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 $12,302 $953,526 $468,180 $485,346
2024 $12,302 $934,830 $459,000 $475,830
2023 $12,002 $908,998 $631,251 $277,747
2022 $11,270 $891,175 $618,874 $272,301
2021 $11,047 $873,702 $606,740 $266,962
2020 $11,019 $864,744 $600,519 $264,225
2019 $10,891 $847,790 $588,745 $259,045
2018 $10,533 $831,167 $577,201 $253,966
2016 $9,693 $798,894 $554,789 $244,105
2015 $9,303 $786,895 $546,456 $240,439
2014 $9,242 $771,482 $535,752 $235,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22234587

California Regional Multiple Listing Service (CRMLS)

APN: 7205-016-010