NOT LISTED FOR SALE

2357 Magnolia Ave Long Beach, CA 90806

South Wrigley Neighborhood

Estimated Value: $852,000 - $1,118,748

6 Beds
4 Baths
1,994 Sq Ft
$487/Sq Ft Est. Value

Last Sold August 22, 2016

Last sale price $599,000 $300 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $5,818/month

69 Days on Market

Highlights

  • City Lights View
  • Private Yard
  • Crown Molding
  • Contemporary Architecture
  • No HOA
  • Cooling System Mounted To A Wall/Window

About This Home

As of August 2016

*** Wrigley Area Duplex***Thinking about living in the back unit while renting out the front unit. This duplex comes with a 4 Beds 2 Baths front unit and a 2 Car Garage, Tile Floors & Carpet throughout the front unit. Kitchen was remodeled about 7 years ago. 2 year old roof Living-room dinning area and kitchen are all open easy to entertain family. The Back unit comes with 2 Beds 1.5 Baths Tile Floors and Carpet, large master bedroom and full bath.

Last Agent to Sell the Property

Javier Alvarez

Circle Real Estate License #01882629 Listed on: 03/11/2016

Circle Real Estate

Last Buyer's Agent

Dick Caley

Coldwell Banker Beachside Real License #01700559

Coldwell Banker Beachside Real

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,735

Year Built

  • Built in 1924

Lot Details

  • 6,280 Sq Ft Lot
  • No Common Walls
  • East Facing Home
  • Wrought Iron Fence
  • Brick Fence
  • Private Yard
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Contemporary Architecture
  • Stucco

Interior Spaces

  • 1,994 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Ceiling Fan
  • Carpet
  • City Lights Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 1432
  • Assessor Parcel Number 7202020005

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Water Sewer Expense $1,800
  • New Taxes Expense $7,191
  • Gross Income $40,200
  • Net Operating Income $40,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,735

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Wrigley Area (WR)
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7202020005
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Crown Molding
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Levels: One
  • Price Per Square Foot: 300.40

Exterior Features

  • Direction Faces: East
  • View: City Lights
  • Fencing: Brick, Wrought Iron
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Yard
  • Lot Size Sq Ft: 6280.00
  • Price Per Lot Square Foot: 95.38
  • Lot Size Acres: 0.1440

Multi Family

  • Gross Income: 40200.00
  • Gross Scheduled Income: 40200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6280.0000 Square Feet
  • Net Operating Income: 40020.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 180.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7191.00
  • Tax Lot: 5
  • Tax Tract Number: 1432

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2024
Sold by
Klemme Brett
Bought by
Klemme Trust and Klemme
Current Estimated Value
$970,437

Purchase Details

Listed on
Mar 11, 2016
Closed on
Aug 1, 2016
Sold by
Mayorga Lopez Jesus Ernesto and Mayorga Lopez Irma
Bought by
Klemme Brett
Seller's Agent
Javier Alvarez
Circle Real Estate
Buyer's Agent
Dick Caley
Coldwell Banker Beachside Real
List Price
$589,000
Sold Price
$599,000
Premium/Discount to List
$10,000
1.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.40%
Original Mortgage
$571,458
Interest Rate
3.41%
Mortgage Type
FHA

Purchase Details

Closed on
May 18, 1999
Sold by
Vosburg Virgene C and Christian Virgene
Bought by
Mayorga Lopez Jesus Ernesto and Mayorga Lopez Irma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,090
Interest Rate
7.66%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Klemme Trust -- None Listed On Document
Klemme Brett $582,000 Fidelity National Title Co
Mayorga Lopez Jesus Ernesto $177,272 Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Klemme Brett $571,458
Previous Owner Mayorga Lopez Jesus Ernesto $129,090
Closed Mayorga Lopez Jesus Ernesto $2,008
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2016 08/22/16 Sold $599,000 +1.7% $300 / Sq Ft
05/19/2016 05/19/16 Pending -- -- --
03/11/2016 03/11/16 For Sale $589,000 -- $295 / 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 $8,735 $675,453 $232,114 $443,339
2024 $8,735 $662,210 $227,563 $434,647
2023 $8,590 $649,226 $223,101 $426,125
2022 $8,067 $636,497 $218,727 $417,770
2021 $7,905 $624,018 $214,439 $409,579
2020 $7,885 $617,621 $212,241 $405,380
2019 $7,793 $605,512 $208,080 $397,432
2018 $7,517 $593,640 $204,000 $389,640
2016 $3,310 $266,195 $116,844 $149,351
2015 $3,181 $262,197 $115,089 $147,108
2014 $3,165 $257,062 $112,835 $144,227
Source: Public Records

Agents Affiliated with this Home

  • Javier Alvarez

    Seller's Agent in 2016

    Javier Alvarez

    Circle Real Estate

    (562) 318-4021

    70 Total Sales

    Javier Alvarez
    Section Image

  • D

    Buyer's Agent in 2016

    Dick Caley

    Coldwell Banker Beachside Real

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16052284

California Regional Multiple Listing Service (CRMLS)

APN: 7202-020-005

California Los Angeles County Long Beach 90806 South Wrigley

2357 Magnolia Ave, Long Beach, CA

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