NOT LISTED FOR SALE

Estimated Value: $709,000 - $803,000

4 Beds
2 Baths
2,086 Sq Ft
$363/Sq Ft Est. Value

Last Sold June 06, 2024

Last sale price $755,000 $362 Per Sq Ft

Current estimated payment $4,253/month

9 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Ceiling Fan
  • No HOA
  • Tile Flooring
  • 3 Car Garage

About This Home

As of June 2024

Welcome to 2401 & 2403 Hayes Ave, a charming duplex nestled in the heart of west Long Beach. Built in 1965, this investment opportunity boasts two units, each featuring 2 bedrooms and 1 bath, along with the added convenience of three separate garages, ensuring ample parking options for tenants.This exceptional property presents an enticing opportunity for both investors and homeowners alike. With one unit currently occupied, there's a promising prospect for owner occupancy, allowing you to enjoy the benefits of homeownership while generating rental income from the other unit.Situated in a tranquil pocket of Long Beach, this duplex offers a serene living environment while still being conveniently located near the bustling 710 freeway, providing easy access to transportation routes. Moreover, its proximity to a nearby school and park enhances its appeal, making it an ideal choice for families looking for a comfortable and convenient place to call home.Whether you're looking to invest or to settle into your own piece of Long Beach, this property has much to offer.Do not disturb tenants. (Additional pictures coming soon!)

Last Agent to Sell the Property

Sativia Salazar

Home Smart Realty Group Brokerage Phone: 562-682-1708 License #01315715 Listed on: 03/28/2024

Home Smart Realty Group

Co-Listed By

Adrianna Barbosa

Home Smart Realty Group Brokerage Phone: 562-682-1708 License #02111417

Last Buyer's Agent

Evan Garcia

EXCELLENCE RE REAL ESTATE License #01718402

EXCELLENCE RE REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,371

Year Built

  • Built in 1965

Lot Details

  • 3,556 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Entry on the 1st floor
  • Copper Plumbing

Interior Spaces

  • 2,086 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 30 / 1
  • Tax Tract Number 7362
  • Assessor Parcel Number 7402007033
  • $483 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $600
  • Trash Expense $420
  • Water Sewer Expense $600
  • Operating Expense $1,620
  • Gross Income $18,300
  • Net Operating Income $18,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,371

Year Built

Built in 1965

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Price Per Unit: 362500
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 600.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7402007033
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Full
  • Stories: 1
  • Entry Location: front and side
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 361.94

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 420.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 3556.00
  • Lot Size Acres: 0.0816
  • Latitude Manual: 33.80094100

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 900 Square Feet
  • Gross Income: 18300.00
  • Gross Scheduled Income: 19200.00
  • Insurance Expense: 600.00
  • Lot Size Area: 3556.0000 Square Feet
  • Net Operating Income: 18300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 900.00
  • Rent Control: No
  • Total Expenses: 1620.00

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 5727.00
  • Tax Lot: 30
  • Tax Tract Number: 7362
  • TaxOtherAnnualAssessmentAmount: 483.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2024
Closed on
May 30, 2024
Sold by
Lebeauf Merlin and Lebeauf Antonette
Bought by
Davila Oscar
Seller's Agent
Sativia Salazar
Home Smart Realty Group
Buyer's Agent
Evan Garcia
EXCELLENCE RE REAL ESTATE
List Price
$725,000
Sold Price
$755,000
Premium/Discount to List
$30,000
4.14%
Views
107
Current Estimated Value
$757,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,395
Avg. Annual Appreciation
0.23%
Original Mortgage
$741,325
Outstanding Balance
$732,133
Interest Rate
7.17%
Mortgage Type
FHA
Estimated Equity
$25,262

Purchase Details

Closed on
May 21, 2020
Sold by
Lebeauf Merlin
Bought by
Lebeauf Merlin and Lebeauf Antonette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,000
Interest Rate
3.3%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 1, 1992
Sold by
Lebeauf Lillian
Bought by
Lebeauf Merlin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
7.18%
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
Davila Oscar $755,000 Wfg National Title
Lebeauf Merlin -- Wfg National Title Co Of Ca
Lebeauf Merlin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davila Oscar $741,325
Previous Owner Lebeauf Merlin $149,000
Previous Owner Lebeauf Merlin $52,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2024 06/06/24 Sold $755,000 +4.1% $362 / Sq Ft
05/15/2024 05/15/24 For Sale $725,000 0.0% $348 / Sq Ft
04/07/2024 04/07/24 Pending -- -- --
03/28/2024 03/28/24 For Sale $725,000 -- $348 / 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 $3,371 $770,100 $510,000 $260,100
2024 $3,371 $238,926 $99,552 $139,374
2023 $3,311 $234,242 $97,600 $136,642
2022 $3,118 $229,650 $95,687 $133,963
2021 $3,042 $225,148 $93,811 $131,337
2020 $3,033 $222,841 $92,850 $129,991
2019 $2,997 $218,473 $91,030 $127,443
2018 $2,860 $214,191 $89,246 $124,945
2016 $2,620 $205,877 $85,782 $120,095
2015 $2,519 $202,786 $84,494 $118,292
2014 $2,510 $198,814 $82,839 $115,975
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24045891

California Regional Multiple Listing Service (CRMLS)

APN: 7402-007-033