NOT LISTED FOR SALE

Estimated Value: $1,032,639

3 Beds
5 Baths
2,951 Sq Ft
$350/Sq Ft Est. Value

Sale Details

Date Sold: August 10, 2020

Last sale price $800,000 $271 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $6,589 / mo

172 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • Paved or Partially Paved Lot

About This Home

As of August 2020

Excellent investment opportunity in Long Beach. Front building is a double unit retail or office space with great street frontage, lots of exposure directly on busy Pacific Ave. The back building is a three unit residential. Nice large lot with plenty of parking plus garages which have the potential to bring more income. All units are delivered tenant occupied with $5,300 total rents collected each month. This is a prime location, minutes from Downtown and anywhere in Long Beach or Los Angeles. Great opportunity for any investor both residential and commericial. Don't miss out on this one. *Sold as is*

Last Agent to Sell the Property

Erica Hall

Realty One Group West License #02096269 Listed on: 02/01/2020

Realty One Group West

Co-Listed By

Tommy Kim

Lifetime Realty Inc License #01795209

Last Buyer's Agent

Susan Martene

24 Hour Real Estate License #01178813

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 7,261 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,951 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block F / 1
  • Tax Tract Number 5762
  • Assessor Parcel Number 7205016017

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Fuel Expense $600
  • Insurance Expense $12,000
  • Trash Expense $3,000
  • Water Sewer Expense $1,800
  • New Taxes Expense $4,006
  • Operating Expense $21,406
  • Gross Income $63,600
  • Net Operating Income $46,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

7,261 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 1800.00
  • Zoning: LBCNP
  • Property Type: Residential Income
  • Parcel Number: 7205016017
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 271.09

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Near Public Transit, Paved
  • Lot Size Sq Ft: 7261.00
  • Lot Size Acres: 0.1667

Multi Family

  • Fuel Expense: 600.00
  • Gross Income: 63600.00
  • Gross Scheduled Income: 63600.00
  • Insurance Expense: 12000.00
  • Lot Size Area: 7261.0000 Square Feet
  • Net Operating Income: 46200.00
  • Number Of Units Total: 5
  • Operating Expense: 21406.00
  • Rent Control: No
  • Total Expenses: 21406.00

Tax Info

  • New Taxes Expense: 4006.00
  • Tax Block: 1
  • Tax Census Tract: 5731.00
  • Tax Lot: F
  • Tax Tract Number: 5762

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
Feb 1, 2020
Closed on
Aug 7, 2020
Sold by
Bought by
Seller's Agent
Erica Hall
Realty One Group West
Buyer's Agent
Susan Martene
24 Hour Real Estate
List Price
$875,000
Sold Price
$800,000
Premium/Discount to List
-$75,000
-8.57%
Current Estimated Value
$1,032,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,639

Purchase Details

Closed on
Oct 24, 2019
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$800,000 Chicago Title Company
-- None Available
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
08/10/2020 08/10/20 Sold $800,000 -4.2% $271 / Sq Ft
04/07/2020 04/07/20 Price Changed $835,000 -2.3% $283 / Sq Ft
03/25/2020 03/25/20 Price Changed $855,000 -2.3% $290 / Sq Ft
02/01/2020 02/01/20 For Sale $875,000 -- $297 / 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 $11,956 $865,943 $519,566 $346,377
2024 $11,435 $848,965 $509,379 $339,586
2023 $11,243 $832,320 $499,392 $332,928
2022 $10,566 $816,000 $489,600 $326,400
2021 $10,350 $800,000 $480,000 $320,000
2020 $5,723 $408,650 $253,770 $154,880
2019 $5,659 $400,639 $248,795 $151,844
2018 $5,375 $392,784 $243,917 $148,867
2016 $4,941 $377,535 $234,447 $143,088
2015 $4,753 $371,865 $230,926 $140,939
2014 $4,725 $364,582 $226,403 $138,179
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20023022

California Regional Multiple Listing Service (CRMLS)

APN: 7205-016-017

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