NOT LISTED FOR SALE

Estimated Value: $677,438 - $760,000

4 Beds
2 Baths
1,330 Sq Ft
$538/Sq Ft Est. Value

Last Sold August 21, 2019

Last sale price $530,000 $398 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,428/month

43 Days on Market

About This Home

As of August 2019

We are pleased to present this great owner user duplex on 2380 W Arlington St. in the heart of Long Beach, California. This property boasts a desirable unit mix of (2) 2-bed/1-bath units. The lot is just under 3,000 sqft and has 1,330 of livable sqft for both units. Along with being located in one of the most up and coming neighborhoods in the Long Beach area the property has upgraded plumbing, a new roof, and brand new amenities inside the units. 2380 W Arlington St has very easy access to all major freeways and is in close proximity with the city’s public transportation system. Long Beach is experiencing some incredible new developments such as the New Long Beach Civic Center Project, Queen Mary Island Development, and countless others that will add up to over $1 Billion dollars injected into the city over the next 5-10 years!

Last Agent to Sell the Property

Dow Chang

Haus Investments License #01904714 Listed on: 06/11/2019

Co-Listed By

Anthony Dimassa

Lyon Stahl Investment Real Estate, Inc. License #02025443

Last Buyer's Agent

Kevin Onyeyiriuche

Century 21 Affiliated License #01378711

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,581

Year Built

  • Built in 1961

Lot Details

  • 2,925 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,330 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 5224
  • Assessor Parcel Number 7317011011

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,600
  • Insurance Expense $532
  • Trash Expense $200
  • Water Sewer Expense $200
  • New Taxes Expense $6,625
  • Operating Expense $9,837
  • Gross Income $34,200
  • Net Operating Income $24,363

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,581

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Westside/North of Willow (WNW)
  • Water Sewer Expenses: 200.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7317011011
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 398.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2925.00
  • Lot Size Acres: 0.0671

Multi Family

  • Electric Expense: 1600.00
  • Gross Income: 34200.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 532.00
  • Lot Size Area: 2925.0000 Square Feet
  • Net Operating Income: 24363.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 9837.00
  • Rent Control: No
  • Total Expenses: 9837.00

Tax Info

  • New Taxes Expense: 6625.00
  • Tax Census Tract: 5723.01
  • Tax Lot: 15
  • Tax Tract Number: 5224

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2023
Sold by
Olawuyi Remi Isaac
Bought by
Olawuyi Remi Isaac
Total Days on Market
43
Current Estimated Value
$715,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Outstanding Balance
$76,531
Interest Rate
1.2%
Mortgage Type
Credit Line Revolving
Estimated Equity
$656,548

Purchase Details

Closed on
Aug 1, 2022
Sold by
Desiree Aldridge Ashley
Bought by
Olawuyi Remi Isaac

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$558,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 11, 2019
Closed on
Aug 12, 2019
Sold by
Cj Residential Investments Llc
Bought by
Olawuyi Remi Issac and Aldridge Ashley Desiree
Seller's Agent
Dow Chang
Haus Investments
Buyer's Agent
Kevin Onyeyiriuche
Century 21 Affiliated
List Price
$530,000
Sold Price
$530,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.77%
Original Mortgage
$506,750
Interest Rate
3.7%
Mortgage Type
FHA

Purchase Details

Closed on
May 12, 2018
Sold by
Hernandez Javier E
Bought by
Cj Residential Investments Llc

Purchase Details

Listed on
Jul 22, 2014
Closed on
Feb 17, 2015
Sold by
Salazar Joaquin
Bought by
Hernandez Javier E and Gradilla Carmen L
Seller's Agent
Flor Valencia
INLAND EMPIRE REALTY AND MTG
Buyer's Agent
Kym Hooper
Elite Homes Realty
List Price
$419,900
Sold Price
$368,500
Premium/Discount to List
-$51,400
-12.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.00%
Original Mortgage
$276,375
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2003
Sold by
Salazar Joaquin and Rodriguez Alicia
Bought by
Salazar Joaquin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 20, 1999
Sold by
Salazar Yolanda
Bought by
Salazar Joaquin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,652
Interest Rate
8.09%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 25, 1999
Sold by
Family Trust Martinez Bernie And Juana Trs Ma
Bought by
Salazar Joaquin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,652
Interest Rate
8.09%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 10, 1994
Sold by
Martinez Bernie A and Martinez Juana D
Bought by
Martinez Bernie A
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

Date Buyer Sale Price Title Company
Olawuyi Remi Isaac -- Chicago Title Company
Olawuyi Remi Isaac -- Chicago Title
Olawuyi Remi Issac $530,000 First American Title Company
Cj Residential Investments Llc -- None Available
Hernandez Javier E $368,500 Stewart Title Of Ca Inc
Salazar Joaquin -- First American Title Co
Salazar Joaquin -- American Title Co
Salazar Joaquin $127,500 American Title Co
Martinez Bernie A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olawuyi Remi Isaac $80,000
Previous Owner Olawuyi Remi Isaac $558,000
Previous Owner Olawuyi Remi Issac $506,750
Previous Owner Hernandez Javier E $40,000
Previous Owner Hernandez Javier E $297,500
Previous Owner Hernandez Javier E $276,375
Previous Owner Salazar Joaquin $242,165
Previous Owner Salazar Joaquin $200,000
Previous Owner Salazar Joaquin $135,000
Previous Owner Salazar Joaquin $129,500
Previous Owner Salazar Joaquin $126,652
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2019 08/21/19 Sold $530,000 0.0% $398 / Sq Ft
07/24/2019 07/24/19 Pending -- -- --
06/11/2019 06/11/19 For Sale $530,000 +43.8% $398 / Sq Ft
04/03/2015 04/03/15 Sold $368,500 -12.2% $277 / Sq Ft
02/06/2015 02/06/15 Pending -- -- --
07/22/2014 07/22/14 For Sale $419,900 -- $316 / 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
2024 $7,581 $568,264 $375,269 $192,995
2023 $7,456 $557,122 $367,911 $189,211
2022 $7,009 $546,199 $360,698 $185,501
2021 $6,754 $535,490 $353,626 $181,864
2019 $5,171 $397,015 $247,798 $149,217
2018 $5,032 $389,232 $242,940 $146,292
2016 $4,624 $374,119 $233,507 $140,612
2015 $2,511 $197,805 $89,548 $108,257
2014 $2,495 $193,931 $87,794 $106,137
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19137297

California Regional Multiple Listing Service (CRMLS)

APN: 7317-011-011