NOT LISTED FOR SALE

Estimated Value: $2,422,000 - $2,853,000

6 Beds
6 Baths
3,174 Sq Ft
$837/Sq Ft Est. Value

Last Sold August 15, 2023

Last sale price $2,300,000 $725 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $16,175/month

41 Days on Market

About This Home

As of August 2023

This beautiful duplex in Long Beach is an excellent opportunity for investors or owner-occupants seeking a spacious and versatile living space. Located at 25 67th Place, this property consists of two units, each with 3 bedrooms and 3 bathrooms located on top of a 2 car garage for each unit. Located just steps away from Alamitos Bay, Pacific Ocean, and Belmont Shore’s restaurants and retail, this area of Long Beach can’t be beat.

Last Agent to Sell the Property

Justin White

Justin White License #01267826 Listed on: 05/10/2023

Last Buyer's Agent

NoEmail NoEmail

None MRML License #N/A

None MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 2,450 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 3,174 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 24

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,270
  • Trash Expense $500
  • Operating Expense $33,120
  • Gross Income $100,800
  • Net Operating Income $64,656

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 724.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2450.00
  • Lot Size Acres: 0.0562

Multi Family

  • Gross Income: 100800.00
  • Gross Scheduled Income: 100800.00
  • Insurance Expense: 1270.00
  • Lot Size Area: 2450.0000 Square Feet
  • Net Operating Income: 64656.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 33120.00
  • Rent Control: No
  • Total Expenses: 33120.00

Tax Info

  • Tax Lot: 8
  • Tax Tract Number: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2023
Closed on
Jun 23, 2023
Sold by
Fultheim Gary
Bought by
Divine Samantha and Divine Carolyn
Seller's Agent
Justin White
Justin White
Buyer's Agent
NoEmail NoEmail
None MRML
List Price
$2,475,000
Sold Price
$2,300,000
Premium/Discount to List
-$175,000
-7.07%
Views
122
Current Estimated Value
$2,656,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$356,260
Avg. Annual Appreciation
6.08%
Original Mortgage
$1,840,000
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2005
Sold by
Fultheim Gary and Fultheim Leon
Bought by
Fultheim Gary

Purchase Details

Closed on
Oct 21, 1994
Sold by
Fultheim Leon
Bought by
Fultheim Leon and The Leon Fultheim Family Trust
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
Divine Samantha $2,300,000 Ticor Title
Fultheim Gary -- First American Title Ins Co
Fultheim Leon -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Divine Samantha $1,840,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2023 08/15/23 Sold $2,300,000 0.0% $725 / Sq Ft
06/12/2023 06/12/23 Price Changed $2,300,000 -7.1% $725 / Sq Ft
05/10/2023 05/10/23 For Sale $2,475,000 -- $780 / 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 $29,067 $2,346,000 $1,428,000 $918,000
2024 $29,067 $2,300,000 $1,400,000 $900,000
2023 $11,980 $920,108 $417,725 $502,383
2022 $11,244 $902,068 $409,535 $492,533
2021 $11,016 $884,381 $401,505 $482,876
2020 $10,986 $875,314 $397,389 $477,925
2019 $10,858 $858,152 $389,598 $468,554
2018 $10,572 $841,326 $381,959 $459,367
2016 $9,711 $808,658 $367,128 $441,530
2015 $9,318 $796,512 $361,614 $434,898
2014 $9,249 $780,910 $354,531 $426,379
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23080707

California Regional Multiple Listing Service (CRMLS)

APN: 7245-029-022