NOT LISTED FOR SALE

Estimated Value: $869,000 - $1,063,000

4 Beds
3 Baths
1,758 Sq Ft
$551/Sq Ft Est. Value

Last Sold September 24, 2021

Last sale price $825,000 $469 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,045/month

6 Days on Market

Highlights

  • Second Garage
  • Traditional Architecture
  • No HOA
  • View of Trees or Woods
  • Stone Countertops
  • Two Homes on a Lot

About This Home

As of September 2021

Everything an owner occupied family or investor can ask for in a duplex. Separate buildings to ensure quite privacy, lots of parking in two full sized two car garages plus a long driveway. Separate laundry room with a washer, dryer and water heater. Additional gated yard space and storage behind the two garages, this rare find of a property is situated on a low traffic/Cul-De Sac street with great neighbors. The front house was just remodeled and boasts a new kitchen with beautiful stone countertops on new cabinets surrounding stainless steel appliances. Take a look at the floor plans in the photo gallery and virtual tour links to see every square inch of the house, apartment and bonus rooms. The property is being delivered vacant, which means you can command full market rents from the ideal tenants of your choosing. Whether you live in one unit or lease out both, the math looks very attractive and this property should be a fantastic long term real estate investment over the decades to come. I invite you to approach this property from Bixby Knolls via the Atlantic Blvd exit off of the 405 freeway, because this is undoubtedly where you or your tenants will be going for a great variety of dining and shopping. Also please note the wonderful proximity to the Park, YMCA and Boys and Girls club at the intersection of Del Amo and Atlantic Blvd. This is not your typical north Long Beach neighborhood, nor is it your typical duplex. This one is special and you will not be the only one to recognize all that it has to offer after viewing the media and driving the area. Ready...Set...Go!

Last Agent to Sell the Property

Jack Tanner

Beach Cities Properties, Inc. License #01383525 Listed on: 08/20/2021

Last Buyer's Agent

Nick Jennings

BayBrook Realty License #02119394

BayBrook Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926 | Remodeled

Lot Details

  • 4,476 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Wood Fence
  • Back and Front Yard

Parking

  • 4 Car Garage
  • 5 Open Parking Spaces
  • Second Garage
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors
  • RV Potential

Home Design

  • Traditional Architecture
  • Turnkey
  • Raised Foundation
  • Composition Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 1,758 Sq Ft Home
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Blinds
  • Views of Woods

Kitchen

  • Gas Range
  • Microwave
  • Stone Countertops

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Shed

Additional Features

  • Two Homes on a Lot
  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1885
  • Tax Tract Number 5134
  • Assessor Parcel Number 7131037014

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • North Long Beach Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,600
  • Trash Expense $360
  • Water Sewer Expense $840
  • New Taxes Expense $9,700
  • Operating Expense $12,500
  • Gross Income $50,400
  • Net Operating Income $37,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1926 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • View: Yes
  • Water Sewer Expenses: 840.00
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7131037014
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Partial, Recessed Lighting, Stone Counters
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile, Vinyl
  • Appliances: Yes
  • Price Per Square Foot: 469.28
  • Room Type: Laundry, Walk-In Closet
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Foundation: Raised
  • Other Structures: Second Garage, Shed(s), Two On A Lot
  • View: Trees/Woods
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Concrete, Garage, Garage Faces Rear, Garage - Two Door, RV Potential
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Microwave
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Individual Room, Outside, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 360.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 4476.00
  • Lot Size Acres: 0.1028

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 50400.00
  • Gross Multiplier: 15.38
  • Gross Scheduled Income: 50400.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 4476.0000 Square Feet
  • Net Operating Income: 37900.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Operating Expense: 12500.00
  • Rent Control: No
  • Total Expenses: 12500.00

Tax Info

  • New Taxes Expense: 9700.00
  • Tax Lot: 1885
  • Tax Tract: 4992
  • Tax Tract Number: 5134

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2017
Sold by
Byers Michael E and Byers Karen R
Bought by
Byers Michael Edwin and Byers Karen Rae
Current Estimated Value
$968,534

Purchase Details

Listed on
Mar 3, 2013
Closed on
Mar 13, 2013
Sold by
Mccullar Randolph
Bought by
Byers Michael E and Byers Karen R
Seller's Agent
Richard Bell
Bell Realty Group
Buyer's Agent
Vivan Ainis
Seven Gables Real Estate
List Price
$379,000
Sold Price
$379,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.67%
Original Mortgage
$265,300
Outstanding Balance
$186,315
Interest Rate
3.51%
Mortgage Type
New Conventional
Estimated Equity
$782,219

Purchase Details

Closed on
Oct 28, 2010
Sold by
Mccullar Randolph
Bought by
Mccullar Randolph

Purchase Details

Closed on
Jun 30, 2001
Sold by
Altschafer Stephen H
Bought by
Mccullar Joyce A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,322
Interest Rate
7.1%
Mortgage Type
FHA
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
Byers Michael Edwin -- None Available
Byers Michael E $379,000 Fidelity National Title Oran
Mccullar Randolph -- None Available
Mccullar Joyce A $238,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Byers Michael E $265,300
Previous Owner Mccullar Joyce A $234,322
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/24/2021 09/24/21 Sold $825,000 0.0% $469 / Sq Ft
09/13/2021 09/13/21 For Sale $825,000 0.0% $469 / Sq Ft
08/26/2021 08/26/21 Pending -- -- --
08/25/2021 08/25/21 Pending -- -- --
08/25/2021 08/25/21 Off Market $825,000 -- --
08/25/2021 08/25/21 Price Changed $825,000 +6.5% $469 / Sq Ft
08/20/2021 08/20/21 For Sale $775,000 0.0% $441 / Sq Ft
07/12/2014 07/12/14 Rented $1,295 -7.2% --
07/12/2014 07/12/14 For Rent $1,395 0.0% --
04/19/2013 04/19/13 Sold $379,000 0.0% $216 / Sq Ft View Prior Sale
03/12/2013 03/12/13 Pending -- -- --
03/03/2013 03/03/13 For Sale $379,000 -- $216 / 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 $11,642 $875,496 $344,892 $530,604
2024 $11,125 $858,330 $338,130 $520,200
2023 $10,939 $841,500 $331,500 $510,000
2022 $10,266 $825,000 $325,000 $500,000
2021 $5,568 $431,163 $203,635 $227,528
2020 $5,553 $426,742 $201,547 $225,195
2019 $5,489 $418,376 $197,596 $220,780
2018 $5,296 $410,173 $193,722 $216,451
2016 $4,869 $394,247 $186,200 $208,047
2015 $4,676 $388,326 $183,404 $204,922
2014 $4,649 $380,720 $179,812 $200,908
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21156212

California Regional Multiple Listing Service (CRMLS)

APN: 7131-037-014