NOT LISTED FOR SALE

Estimated Value: $1,138,000 - $1,499,000

5 Beds
5 Baths
2,697 Sq Ft
$489/Sq Ft Est. Value

Last Sold April 07, 2021

Last sale price $1,080,000 $400 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $8,253/month

46 Days on Market

Highlights

  • Laundry Room
  • Woodrow Wilson High School Rated A
  • Rectangular Lot

About This Home

As of April 2021

This charming 4 Unit Apartment Building. This hidden Gem is tucked away in the Zaferia District of Long Beach and is located near the traffic circle area. These units are a short 2 miles away from the beach and within walking distance to Joe Jost's as well as many other restaurants and markets. Some of the highlights of this building include 4 1-car garages, new dual pane windows, amazing curb appeal, new PEX repipe plumbing, individual sub meters for gas and electricity. All units have been remodeled. The owners unit is a 2 bed & 2 bath with a den/office that can be used as 3rd bedroom. The remaining 3 units are adorable 1 bed / 1 bath units all with new dual pane windows, interior laundry, hardwood floors, granite counter tops, bathtub walls.

Last Agent to Sell the Property

Juan Huizar

Sage Real Estate Group, Inc. License #01417642 Listed on: 01/15/2021

Co-Listed By

Caleb Baldwin

INTI Realty License #02056751

Last Buyer's Agent

Leo May

HomeSmart, Evergreen Realty License #02016506

HomeSmart, Evergreen Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 6,455 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 2,697 Sq Ft Home
  • Quadruplex
  • Shingle Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities, electricity, gas
  • Tax Lot 35
  • Tax Tract Number 1577
  • Assessor Parcel Number 7260018026

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $454
  • Fuel Expense $475
  • Gardener Expense $420
  • Insurance Expense $1,196
  • Water Sewer Expense $963
  • New Taxes Expense $14,062
  • Operating Expense $17,570
  • Gross Income $70,200
  • Net Operating Income $52,630

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Zaferia
  • View: No
  • Water Sewer Expenses: 963.00
  • Zoning: LBR2N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 420.00
  • Parcel Number: 7260018026
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 400.44

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • 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, Rectangular Lot
  • Lot Size Sq Ft: 6455.00
  • Lot Size Acres: 0.1482

Rental Info

  • Tenant Pays: All Utilities, Electricity, Gas

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 897 Square Feet
  • Electric Expense: 454.00
  • Fuel Expense: 475.00
  • Gross Income: 70200.00
  • Gross Scheduled Income: 70800.00
  • Insurance Expense: 1196.00
  • Lot Size Area: 6455.0000 Square Feet
  • Net Operating Income: 52630.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 17570.00
  • Rent Control: Yes
  • Total Actual Rent: 5850.00
  • Total Expenses: 17570.00

Tax Info

  • New Taxes Expense: 14062.00
  • Tax Census Tract: 5751.02
  • Tax Lot: 35
  • Tax Tract Number: 1577

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2021
Closed on
Mar 24, 2021
Sold by
June L Cacho Revocable Trust
Bought by
Behbahani Siavosh Rezvan and Hosseini Maryam Sadat
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Leo May
HomeSmart, Evergreen Realty
List Price
$1,125,000
Sold Price
$1,080,000
Premium/Discount to List
-$45,000
-4%
Current Estimated Value
$1,318,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,837
Avg. Annual Appreciation
4.34%
Original Mortgage
$810,000
Outstanding Balance
$726,934
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$591,903

Purchase Details

Closed on
Feb 24, 2020
Sold by
The June L Cacho Revocable Trust
Bought by
Cacho June L and The June L Cacho Revocable Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$507,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2017
Sold by
Cacho June Li
Bought by
The June L Cacho Revocable Trust

Purchase Details

Closed on
Sep 12, 2016
Sold by
Cacho June Li and Li Jian Keng
Bought by
Cacho June Li

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,850
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 11, 2016
Closed on
Jan 14, 2016
Sold by
Pabst Kolby G and Pabst Spencer L
Bought by
Cacho June Li and Li Jian Keng
Seller's Agent
Spencer Pabst
Pabst, Kinney & Associates
Buyer's Agent
Chen Lin
ACG FUNDING
List Price
$749,000
Sold Price
$737,000
Premium/Discount to List
-$12,000
-1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.11%
Original Mortgage
$552,750
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 28, 2012
Sold by
Pabst George H and Pabst Kristie Kinney
Bought by
Pabst Kolby G and Pabst Spencer L

Purchase Details

Closed on
Jun 30, 2011
Sold by
Pabst George H and Kinney Pabst Kristie M
Bought by
Pabst George H and Pabst Kristie Kinney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
4.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 13, 2007
Sold by
Pabst George H and Pabst Kristie Kinney
Bought by
Pabst George H and Pabst Kristie Kinney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.35%
Mortgage Type
Commercial

Purchase Details

Closed on
May 21, 2002
Sold by
Pabst George H and Pabst Kristie Kinney
Bought by
Pabst George H and Pabst Kristie Kinney
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Behbahani Siavosh Rezvan $1,080,000 First American Title Company O
Cacho June L -- Property Id Title Company
The June L Cacho Revocable Trust -- None Available
Cacho June Li -- Western Resources Title
Cacho June Li $737,000 Fidelity National Title
Pabst Kolby G -- None Available
Pabst George H -- Fidelity National Title Co
Pabst George H -- Fidelity National Title Co
Pabst George H -- Accommodation
Pabst George H -- Fidelity National Title Co
Pabst George H -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Behbahani Siavosh Rezvan $810,000
Previous Owner Cacho June L $507,000
Previous Owner Cacho June Li $533,850
Previous Owner Cacho June Li $552,750
Previous Owner Pabst George H $395,000
Previous Owner Pabst George H $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/07/2021 04/07/21 Sold $1,080,000 -4.0% $400 / Sq Ft
01/15/2021 01/15/21 For Sale $1,125,000 +52.6% $417 / Sq Ft
02/25/2016 02/25/16 Sold $737,000 -1.6% $273 / Sq Ft View Prior Sale
01/14/2016 01/14/16 Pending -- -- --
01/11/2016 01/11/16 For Sale $749,000 -- $278 / 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 $15,860 $1,169,025 $432,972 $736,053
2024 $15,187 $1,146,104 $424,483 $721,621
2023 $14,927 $1,123,632 $416,160 $707,472
2022 $14,015 $1,101,600 $408,000 $693,600
2021 $10,343 $795,468 $485,700 $309,768
2020 $10,316 $787,312 $480,720 $306,592
2019 $10,195 $771,876 $471,295 $300,581
2018 $9,882 $756,742 $462,054 $294,688
2016 $3,678 $258,423 $114,852 $143,571
2015 $3,545 $254,542 $113,127 $141,415
2014 $3,541 $249,556 $110,911 $138,645
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21010036

California Regional Multiple Listing Service (CRMLS)

APN: 7260-018-026