NOT LISTED FOR SALE

2449 Magnolia Ave Long Beach, CA 90806

South Wrigley Neighborhood

Estimated Value: $1,205,000 - $1,529,000

6 Beds
4 Baths
3,297 Sq Ft
$399/Sq Ft Est. Value

Last Sold December 03, 2020

Last sale price $1,000,000 $303 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $8,072/month

4 Days on Market

Highlights

  • Wood Flooring
  • Wood Fence
  • Wall Furnace
  • Laundry Room

About This Home

As of December 2020

A beautiful building with great potential. This lovely 4-Unit building has (2) 2bd/1ba and (2) 1bd/1ba spacious units with formal dining areas. The close proximity to local shopping, the Blue Line and Downtown area make this investment opportunity a gem.

Last Agent to Sell the Property

Keisha Blanks

Brown House Realty License #01377633 Listed on: 09/13/2020

Last Buyer's Agent

Cameron Stearns

Compass License #01920602

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,160

Year Built

  • Built in 1942

Lot Details

  • 5,903 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • On-Street Parking

Home Design

  • 3,297 Sq Ft Home
  • Property Attached
  • Shingle Roof

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • Source of electricity is unknown

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 18 / 12
  • Tax Tract Number 9686
  • Assessor Parcel Number 7202021018

Community Details

Overview

  • 4 Units
  • Wrigley Area Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $480
  • Insurance Expense $2,700
  • Pest Control $110
  • Water Sewer Expense $1,800
  • Operating Expense $5,415
  • Net Operating Income $64,785

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,160

Year Built

Built in 1942

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Wrigley Area (WR)
  • View: No
  • Water Sewer Expenses: 1800.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7202021018
  • Year Built: 1942
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Wood
  • Appliances: No
  • Price Per Square Foot: 303.31

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Parking Features: Street
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - Unknown
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 110.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5903.00
  • Lot Size Acres: 0.1355

Multi Family

  • Electric Expense: 480.00
  • Gross Scheduled Income: 70200.00
  • Insurance Expense: 2700.00
  • Lot Size Area: 5903.0000 Square Feet
  • Net Operating Income: 64785.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 5500.00
  • Rent Control: Yes
  • Total Expenses: 5415.00

Tax Info

  • Tax Block: 12
  • Tax Census Tract: 5731.00
  • Tax Lot: 18
  • Tax Tract Number: 9686

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2020
Sold by
Blanks Misty and Blanks Keisha
Bought by
B & J Stearns Llc
Current Estimated Value
$1,316,687

Purchase Details

Closed on
Dec 9, 2019
Sold by
Blanks Misty K
Bought by
Blanks Misty and Blanks Keisha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2019
Sold by
Blanks Misty K and Blanks Keisha
Bought by
Blanks Misty K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2016
Sold by
Blanks Misty
Bought by
Blanks Misty and Blanks Keisha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$537,240
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 24, 2005
Sold by
Blanks Misty
Bought by
Blanks Misty

Purchase Details

Closed on
May 5, 2004
Sold by
Blanks Keisha
Bought by
Blanks Misty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 2001
Sold by
Dusich Anthony R and Dusich Joyce E
Bought by
Blanks Keisha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,978
Interest Rate
6.67%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 26, 1996
Sold by
Dusich Lawrence A and Dusich Anthony R
Bought by
Dusich Anthony R
Source: Public Records

Range of Values:

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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
B & J Stearns Llc $1,000,000 Stewart Title Of Ca Inc
Blanks Misty -- Accommodation
Blanks Misty K -- Stewart Title Of California
Blanks Misty -- Accommodation
Blanks Misty -- Title 365 Company
Blanks Misty -- --
Blanks Misty -- Investors Title Company
Blanks Keisha $325,000 Lawyers Title Company
Dusich Anthony R -- --
Dusich Anthony R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blanks Misty K $675,000
Previous Owner Blanks Misty $537,240
Previous Owner Blanks Misty $427,500
Previous Owner Blanks Keisha $319,978
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2020 12/03/20 Sold $1,000,000 0.0% $303 / Sq Ft
10/16/2020 10/16/20 For Sale $1,000,000 0.0% $303 / Sq Ft
09/17/2020 09/17/20 Pending -- -- --
09/13/2020 09/13/20 For Sale $1,000,000 -- $303 / 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 $14,160 $1,082,430 $432,972 $649,458
2024 $14,160 $1,061,207 $424,483 $636,724
2023 $13,917 $1,040,400 $416,160 $624,240
2022 $13,070 $1,020,000 $408,000 $612,000
2021 $12,800 $1,000,000 $400,000 $600,000
2020 $6,771 $499,001 $256,379 $242,622
2019 $6,693 $489,217 $251,352 $237,865
2018 $6,464 $479,625 $246,424 $233,201
2016 $5,940 $461,003 $236,856 $224,147
2015 $5,711 $454,080 $233,299 $220,781
2014 $5,689 $445,186 $228,729 $216,457
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Keisha Blanks

    Brown House Realty

    (310) 283-7046

    1 in this area

    11 Total Sales

    Keisha Blanks
    Section Image
  • Cameron Stearns

    Buyer's Agent in 2020

    Cameron Stearns

    Compass

    (310) 872-8785

    1 in this area

    93 Total Sales

    Cameron Stearns
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS20187698

California Regional Multiple Listing Service (CRMLS)

APN: 7202-021-018

California Los Angeles County Long Beach 90806 South Wrigley

2449 Magnolia Ave, Long Beach, CA

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