NOT LISTED FOR SALE

Estimated Value: $1,033,000 - $1,095,000

6 Beds
3 Baths
2,000 Sq Ft
$530/Sq Ft Est. Value

Last Sold July 06, 2022

Last sale price $982,000 $491 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,673/month

20 Days on Market

Highlights

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

About This Home

As of July 2022

The property is a single-story, 1956 construction with all two-bedroom/one-bath units, in-unit laundry hookups, and garage parking. This asset’s great location, desirable unit mix, and potential for ADU development make it a great investment opportunity in a strong rental market.

Located near the intersection of Long Beach Boulevard and Willow Street, 241 East 25th Street boasts convenient proximity to retail and is within walking distance of an Albertson’s, Starbucks, CVS, Wells Fargo, Carl’s Jr., McDonald’s, L&L Hawaiian Barbecue, and more. This commuter-friendly location is also within easy walking distance of the Metro Blue Line and a mile from both the 710 and 405 freeways.

241 East 25th Street is offered as part of a portfolio along with the adjacent duplex at 233 East 25th Street. Properties may be acquired separately or together.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 05/18/2022

Last Buyer's Agent

Mantas Kliminskas

Buckingham Investments, Inc License #01789491

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 6,509 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 3 Car Garage

Home Design

  • 2,000 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 7208002012
  • $614 per year additional tax assessments

Community Details

Overview

  • 3 Units
  • Wrigley Area Subdivision

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Operating Expense $21,614
  • Gross Income $66,048
  • Net Operating Income $42,452

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Wrigley Area (WR)
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7208002012
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 491.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6509.00
  • Lot Size Acres: 0.1494

Multi Family

  • Gross Income: 66048.00
  • Gross Scheduled Income: 66048.00
  • Lot Size Area: 6509.0000 Square Feet
  • Net Operating Income: 42452.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 21614.00
  • Rent Control: Yes
  • Total Expenses: 21614.00

Tax Info

  • Tax Census Tract: 5731.01
  • Tax Lot: 23
  • TaxOtherAnnualAssessmentAmount: 614.23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2015
Sold by
Jauman Yvonne J
Bought by
Jauman Yvonne J and Jauman Family Trust
Current Estimated Value
$1,060,841
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
Jauman Yvonne J -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2022 07/06/22 Sold $982,000 -1.3% $491 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $995,000 -- $498 / 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 $13,190 $1,021,672 $645,048 $376,624
2024 $13,190 $1,001,640 $632,400 $369,240
2023 $12,970 $982,000 $620,000 $362,000
2022 $2,017 $113,601 $41,785 $71,816
2021 $1,962 $111,374 $40,966 $70,408
2019 $1,935 $108,072 $39,751 $68,321
2018 $1,769 $105,954 $38,972 $66,982
2016 $1,627 $101,841 $37,459 $64,382
2015 $1,573 $100,312 $36,897 $63,415
2014 $1,581 $98,348 $36,175 $62,173
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22105084

California Regional Multiple Listing Service (CRMLS)

APN: 7208-002-012