NOT LISTED FOR SALE

Estimated Value: $836,000 - $903,000

4 Beds
4 Baths
1,831 Sq Ft
$469/Sq Ft Est. Value

Last Sold April 05, 2022

Last sale price $780,000 $426 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,447/month

9 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Ceiling Fan
  • Granite Countertops

About This Home

As of April 2022

GREAT Triplex Investment Opportunity in Long Beach.!!!!! Subject property is a triplex with addresses known as 2620, 2622, and 2624 Baltic Ave. Subject Property has (1) 2 Bedroom 2 bath unit, (2) 1 Bedroom 1 bath units, all units are upgraded with granite counter tops, flooring, blinds and newer cabinets. Each unit has its own washer and dryer. The building has newer electrical/plumbing, separate meters and was re-roofed approx. 5 years ago. Located in close proximity to shopping, schools, freeways and located on a quiet residential street. This property is a great starter investment or owner-occupied investment. DON'T MISS OUT ON THIS GREAT OPPORTUNITY TO OWN THS TRIPLEX!!!!!

Last Agent to Sell the Property

Kelly Schmit

Fredericks Realty License #02069328 Listed on: 02/22/2022

Last Buyer's Agent

Thomas Replogle

The Realestate Group License #01142980

The Realestate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 2,920 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • On-Street Parking

Home Design

  • Triplex

Interior Spaces

  • 1,831 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 79
  • Tax Tract Number 5726
  • Assessor Parcel Number 7313032013

Community Details

Overview

  • 3 Units
  • Westside/North Of Willow Subdivision

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Trash Expense $814
  • Water Sewer Expense $654
  • New Taxes Expense $5,920
  • Operating Expense $9,188
  • Gross Income $45,000
  • Net Operating Income $35,812

Property Details

Home Type

Multi-Family

Year Built

Built in 1948 | Remodeled

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Westside/North of Willow (WNW)
  • View: No
  • Water Sewer Expenses: 654.00
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7313032013
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Wood
  • Appliances: Yes
  • Price Per Square Foot: 426.00

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Microwave
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 814.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2920.00
  • Lot Size Acres: 0.0670

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 45000.00
  • Gross Scheduled Income: 45000.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 2920.0000 Square Feet
  • Net Operating Income: 35812.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 9188.00
  • Rent Control: No
  • Total Actual Rent: 45000.00
  • Total Expenses: 9188.00

Tax Info

  • New Taxes Expense: 5920.00
  • Tax Lot: 79
  • Tax Tract Number: 5726

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2022
Closed on
Mar 10, 2022
Sold by
Short Family Living Trust
Bought by
Sandoval Jeffrey
Seller's Agent
Kelly Schmit
Fredericks Realty
Buyer's Agent
Thomas Replogle
The Realestate Group
List Price
$699,000
Sold Price
$780,000
Premium/Discount to List
$81,000
11.59%
Current Estimated Value
$858,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,995
Avg. Annual Appreciation
2.56%
Original Mortgage
$624,000
Outstanding Balance
$578,813
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$280,182

Purchase Details

Listed on
Aug 31, 2015
Closed on
Nov 2, 2015
Sold by
Short Teresa Sue
Bought by
Short Peter
Seller's Agent
Rob Buchan
Rob Buchan
Buyer's Agent
Jessie Quintana
Coldwell Banker-Campbell Rltrs
List Price
$384,900
Sold Price
$373,000
Premium/Discount to List
-$11,900
-3.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.20%

Purchase Details

Listed on
Aug 31, 2015
Closed on
Oct 19, 2015
Sold by
Us Bank Trust Na
Bought by
Short Peter
Seller's Agent
Rob Buchan
Rob Buchan
Buyer's Agent
Jessie Quintana
Coldwell Banker-Campbell Rltrs
List Price
$384,900
Sold Price
$373,000
Premium/Discount to List
-$11,900
-3.09%

Purchase Details

Closed on
Aug 7, 2015
Sold by
Chappell John
Bought by
U S Bank Trust Na and Lsf9 Master Participation Trust

Purchase Details

Closed on
Feb 17, 2005
Sold by
Lozano Rosaura
Bought by
Chappell John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 15, 2005
Sold by
Chappell Latisha
Bought by
Chappell John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 4, 2003
Sold by
Lozano Gustavo
Bought by
Lozano Rosaura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,500
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2003
Sold by
Carmona Ana M
Bought by
Lozano Rosaura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,500
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 2003
Sold by
Carmona Ana M
Bought by
Carmona Ana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,500
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 14, 2001
Sold by
Irabagon Leonor A
Bought by
Carmona Ana M and Jimenez Hilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,327
Interest Rate
6.89%

Purchase Details

Closed on
Apr 5, 1997
Sold by
Irabagon Leonor A
Bought by
Irabagon Leonor A and The Leonor A Irabagon Living Trust
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
Sandoval Jeffrey $780,000 New Title Company Name
Short Peter -- Pacific Coast Title Company
Short Peter $373,000 Pacific Coast Title Company
U S Bank Trust Na $374,738 Accommodation
Chappell John $450,000 Orange Coast Title
Chappell John -- Orange Coast Title
Lozano Rosaura -- Old Republic Title Company
Lozano Rosaura $290,000 Old Republic Title Company
Carmona Ana M -- Old Republic Title Company
Carmona Ana M $173,000 Southland Title
Irabagon Leonor A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sandoval Jeffrey $624,000
Previous Owner Chappell John $405,000
Previous Owner Lozano Rosaura $275,500
Previous Owner Carmona Ana M $170,327
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/05/2022 04/05/22 Sold $780,000 +11.6% $426 / Sq Ft
03/03/2022 03/03/22 Pending -- -- --
02/22/2022 02/22/22 For Sale $699,000 +87.4% $382 / Sq Ft
11/10/2015 11/10/15 Sold $373,000 -3.1% $204 / Sq Ft View Prior Sale
10/15/2015 10/15/15 Pending -- -- --
08/31/2015 08/31/15 For Sale $384,900 -- $210 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,657 $827,741 $583,664 $244,077
2024 $10,657 $811,512 $572,220 $239,292
2023 $10,476 $795,600 $561,000 $234,600
2022 $5,506 $416,086 $278,879 $137,207
2021 $5,387 $407,928 $273,411 $134,517
2020 $5,373 $403,746 $270,608 $133,138
2019 $5,310 $395,830 $265,302 $130,528
2018 $5,139 $388,069 $260,100 $127,969
2016 $4,729 $373,000 $250,000 $123,000
2015 $6,282 $521,907 $197,165 $324,742
2014 $6,246 $511,684 $193,303 $318,381
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22034411

California Regional Multiple Listing Service (CRMLS)

APN: 7313-032-013