NOT LISTED FOR SALE

2345 Pacific Ave Long Beach, CA 90806

South Wrigley Neighborhood

Estimated Value: $1,410,869

1 Bed
4 Baths
4,484 Sq Ft
$315/Sq Ft Est. Value

Last Sold May 14, 2014

Last sale price $600,000 $134 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $8,439/month

55 Days on Market

About This Home

As of May 2014

...Owner will carry... Owner will carry...Owner will carry...
Mixed-use Building with 3 commercial units and 2/1 bedroom apartments. Long term tenants(over 12 yrs.).
1 commercial unit has been rented to a taekwondo tenant for over 10 years...$1300/month.
2 units are currently vacant. Previously had been rented to restaurant/market/beauty salon. Owner still has permit from city for restaurant.
Good street frontage / easy parking.
Please call agent for access and further details.

Last Agent to Sell the Property

Richard Valance

Seven Gables Real Estate License #00715933 Listed on: 03/13/2014

Seven Gables Real Estate

Last Buyer's Agent

Richard Valance

Seven Gables Real Estate License #00715933 Listed on: 03/13/2014

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,646

Year Built

  • Built in 1927

Lot Details

  • 6,601 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 4,484 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, repairs, trash collection
  • Assessor Parcel Number 7205016020

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Gross Income $4,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,646

Year Built

Built in 1927

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Wrigley Area (WR)
  • Property Type: Residential Income
  • Parcel Number: 7205016020
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 133.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6601.00
  • Lot Size Acres: 0.1520

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Repairs, Trash Collection

Multi Family

  • Gross Income: 4400.00
  • Gross Scheduled Income: 52800.00
  • Lot Size Area: 6601.0000 Square Feet
  • Number Of Units Total: 5
  • Rent Control: No

Tax Info

  • Tax Lot: 0000
  • Tax Tract Number: 0000
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 23, 2024
Sold by
Chitty Louis and Downs Nancy L
Bought by
2000 Nancy L Downs Revocable Trust and Downs
Current Estimated Value
$1,410,869

Purchase Details

Closed on
Jan 13, 2017
Sold by
Bashawaty Adeeb J
Bought by
Chitty Louis and Downs Nancy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 13, 2014
Closed on
Apr 24, 2014
Sold by
Joukhadar Randa E
Bought by
Bashawaty Adeeb J
Seller's Agent
Richard Valance
Seven Gables Real Estate
Buyer's Agent
Richard Valance
Seven Gables Real Estate
List Price
$650,000
Sold Price
$600,000
Premium/Discount to List
-$50,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.75%
Original Mortgage
$495,000
Interest Rate
4.35%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Mar 13, 2014
Closed on
Apr 2, 2014
Sold by
Yeh Fu
Bought by
Bashawaty Adeeb J
Seller's Agent
Richard Valance
Seven Gables Real Estate
Buyer's Agent
Richard Valance
Seven Gables Real Estate
List Price
$650,000
Sold Price
$600,000
Premium/Discount to List
-$50,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
4.35%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 6, 2006
Sold by
Robinson Francisco J
Bought by
Yeh Fu and Yeh Lily

Purchase Details

Closed on
Jun 6, 2001
Sold by
Guyer Michael A
Bought by
Robinson Francisco J and Robinson Micaela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 1, 1998
Sold by
Guyer Michael A
Bought by
White Donal A and White Barbara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.54%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
2000 Nancy L Downs Revocable Trust -- None Listed On Document
Chitty Louis -- None Listed On Document
Chitty Louis $835,000 Ticor Title Company
Bashawaty Adeeb J -- First American Title Company
Bashawaty Adeeb J $600,000 First American Title Company
Yeh Fu $630,000 First American Title Co
Robinson Francisco J $230,000 Commonwealth Land Title Co
White Donal A -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chitty Louis $420,000
Previous Owner Bashawaty Adeeb J $495,000
Previous Owner Robinson Francisco J $150,000
Previous Owner White Donal A $140,000
Closed Robinson Francisco J $25,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2014 05/14/14 Sold $600,000 -7.7% $134 / Sq Ft
05/07/2014 05/07/14 Pending -- -- --
03/13/2014 03/13/14 For Sale $650,000 -- $145 / 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 $12,646 $969,084 $371,386 $597,698
2024 $12,646 $950,083 $364,104 $585,979
2023 $12,438 $931,455 $356,965 $574,490
2022 $11,688 $913,192 $349,966 $563,226
2021 $11,444 $895,287 $343,104 $552,183
2020 $11,413 $886,508 $339,586 $546,922
2019 $11,282 $869,134 $332,928 $536,206
2018 $10,899 $852,100 $326,400 $525,700
2016 $7,724 $621,319 $217,461 $403,858
2015 $7,420 $611,987 $214,195 $397,792
2014 $8,535 $702,314 $256,399 $445,915
Source: Public Records

Agents Affiliated with this Home

  • Richard Valance

    Seller's Agent in 2014

    Richard Valance

    Seven Gables Real Estate

    (714) 840-1031

    25 Total Sales

    Richard Valance
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14052262

California Regional Multiple Listing Service (CRMLS)

APN: 7205-016-020

California Los Angeles County Long Beach 90806 South Wrigley

2345 Pacific Ave, Long Beach, CA

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