NOT LISTED FOR SALE

Estimated Value: $874,000 - $954,000

3 Beds
3 Baths
1,968 Sq Ft
$462/Sq Ft Est. Value

Last Sold August 08, 2022

Last sale price $805,000 $409 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,632/month

4 Days on Market

Highlights

  • Laundry Room
  • Garden
  • Rectangular Lot
  • Long Beach Polytechnic High School Rated A

About This Home

As of August 2022

TRIPLEX!!! Always thought of living in one and renting the others? Well this is your shot! LIVE IN ONE and RENT THE OTHER TWO Units at Market Rents! All units will be delivered with no tenants. Rare opportunity to have more than half of your mortgage paid off for. Each unit consists of 1 bedroom and 1 bath each and its near all transportation, hospitals, shopping centers, parks, and schools. Great location in Long Beach! This investment opportunity will not last! The neighborhood is very peaceful and family-oriented.

Last Agent to Sell the Property

Edwin Acevedo

Century 21 LOTUS License #01854178 Listed on: 05/05/2022

Century 21 LOTUS

Last Buyer's Agent

Matt Mahowald

Buckingham Investments, Inc License #02001732

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,769 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Garden
  • Front Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Property Attached

Interior Spaces

  • 1,968 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Private Water Source

Listing and Financial Details

  • Tax Lot 36
  • Tax Tract Number 3463
  • Assessor Parcel Number 7208018012

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,900
  • Trash Expense $1,200
  • Operating Expense $3,100
  • Net Operating Income $42,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7208018012
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 409.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Private

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Rectangular Lot
  • Lot Size Sq Ft: 5769.00
  • Lot Size Acres: 0.1324

Multi Family

  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 1900.00
  • Lot Size Area: 5769.0000 Square Feet
  • Net Operating Income: 42600.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 15000.00
  • Rent Control: Yes
  • Total Expenses: 3100.00

Tax Info

  • Tax Census Tract: 5732.01
  • Tax Lot: 36
  • Tax Tract Number: 3463

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2022
Closed on
Jun 17, 2022
Sold by
Muniz Jesus M and Muniz Leticia
Bought by
Mahowald Matthew Jeffrey and Mahowald Rachel Beth
Seller's Agent
Edwin Acevedo
Century 21 LOTUS
Buyer's Agent
Matt Mahowald
Buckingham Investments, Inc
List Price
$779,000
Sold Price
$805,000
Premium/Discount to List
$26,000
3.34%
Current Estimated Value
$909,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,461
Avg. Annual Appreciation
3.58%
Original Mortgage
$644,000
Interest Rate
5.81%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Mahowald Matthew Jeffrey $805,000 New Title Company Name
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mahowald Matthew Jeffrey $644,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2022 08/08/22 Sold $805,000 +3.3% $409 / Sq Ft
06/21/2022 06/21/22 For Sale $779,000 0.0% $396 / Sq Ft
05/10/2022 05/10/22 Pending -- -- --
05/09/2022 05/09/22 Pending -- -- --
05/05/2022 05/05/22 For Sale $779,000 -- $396 / 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 $10,856 $837,522 $494,190 $343,332
2024 $10,856 $821,100 $484,500 $336,600
2023 $10,673 $805,000 $475,000 $330,000
2022 $4,205 $299,916 $199,948 $99,968
2021 $4,109 $294,036 $196,028 $98,008
2020 $4,099 $291,022 $194,018 $97,004
2019 $4,052 $285,316 $190,214 $95,102
2018 $3,861 $279,723 $186,485 $93,238
2016 $3,552 $268,863 $179,245 $89,618
2015 $3,417 $264,825 $176,553 $88,272
2014 $3,409 $259,638 $173,095 $86,543
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22090998

California Regional Multiple Listing Service (CRMLS)

APN: 7208-018-012