NOT LISTED FOR SALE

Estimated Value: $1,975,000 - $2,569,000

3 Beds
4 Baths
2,463 Sq Ft
$919/Sq Ft Est. Value

Last Sold June 19, 2020

Last sale price $1,700,000 $690 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $13,705/month

117 Days on Market

Highlights

  • Ocean View
  • Fishing
  • Beamed Ceilings
  • Naples Bayside Academy Rated A
  • Midcentury Modern Architecture
  • Cul-De-Sac

About This Home

As of June 2020

Fantastic Investment Opportunity! Just steps between the Pacific Ocean and Alamitos Bay on the coveted Long Beach Peninsula. Pride of ownership Mid Century units. 2 buildings, each with 2 units. 2 one car garages and community laundry. Wood beam ceilings and fireplaces in upper units. The larger 1 bedroom unit has an ocean view and rear balcony. The top two units have been upgraded. Possibility to expand units between buildings. Close to Belmont Shore shops, restaurants, bars and beach activities such as kayaking, paddle board, sailing center, on the beach, bike and running paths to downtown and Queen Mary, as well as The Alamitos Bay and Long Beach yacht Clubs.

Last Agent to Sell the Property

Bob Martin

Compass License #01063632 Listed on: 10/05/2019

Compass

Last Buyer's Agent

Ana Hlavnicka

WSR Real Estate Inc. License #01864852

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 2,376 Sq Ft Lot
  • Two or More Common Walls
  • Cul-De-Sac

Parking

  • 2 Car Garage

Property Views

  • Ocean
  • Catalina

Home Design

  • Midcentury Modern Architecture
  • Apartment
  • Partial Copper Plumbing

Interior Spaces

  • 2,463 Sq Ft Home
  • Beamed Ceilings
  • Recessed Lighting
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 8 / 25
  • Assessor Parcel Number 7245025008

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Fishing
  • Water Sports
  • Bike Trail

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,752
  • Other Expense $1,332
  • Trash Expense $240
  • Water Sewer Expense $600
  • New Taxes Expense $21,875
  • Operating Expense $25,092
  • Gross Income $96,000
  • Net Operating Income $82,211

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Peninsula (PI)
  • View: Yes
  • Water Sewer Expenses: 600.00
  • Zoning: LBR2I
  • Architectural Style: Mid Century Modern
  • Property Type: Residential Income
  • Parcel Number: 7245025008
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Copper Plumbing Partial, Recessed Lighting
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Price Per Square Foot: 690.22

Exterior Features

  • View: Catalina, Ocean
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace, Natural Gas
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 240.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Fishing, Watersports, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 2376.00
  • Lot Size Acres: 0.0545

Rental Info

  • Garage Rental Rate: 150.00
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Garage Income: 300.00
  • Gross Income: 96000.00
  • Gross Scheduled Income: 96000.00
  • Insurance Expense: 1752.00
  • Lot Size Area: 2376.0000 Square Feet
  • Net Operating Income: 82211.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Patio: 1
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 13789.00
  • Other Expense: 1332.00
  • Other Expense Description: Flood In
  • Rent Control: Yes
  • Total Expenses: 25092.00

Tax Info

  • New Taxes Expense: 21875.00
  • Tax Block: 25
  • Tax Census Tract: 5775.04
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2020
Sold by
Larson Stefanie
Bought by
Larson Jason R
Current Estimated Value
$2,262,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,101,000
Outstanding Balance
$977,065
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,285,270

Purchase Details

Closed on
Oct 2, 2020
Sold by
Lars Spring Street Llc
Bought by
Larson Jason R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,101,000
Outstanding Balance
$977,065
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,285,270

Purchase Details

Closed on
Jan 31, 2020
Sold by
Brj Herrera Properties Llc
Bought by
Lars Spring Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
3.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 9, 2013
Sold by
Herrera Brent A and Herrera Martha Y
Bought by
Brj Herrera Properties Llc

Purchase Details

Closed on
Feb 12, 2013
Sold by
Brj Herrera Properties Llc
Bought by
Herrera Brent A and Herrera Martha Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2009
Sold by
Herrera Brent and Herrera Christopher P
Bought by
Brj Herrera Properties Llc

Purchase Details

Closed on
Feb 19, 2009
Sold by
Herrera Brent and Herrera Martha Y
Bought by
Brj Herrera Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$583,000
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2009
Sold by
Herrera Brent and Herrera Christopher P
Bought by
Herrera Brent and Herrera Martha Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$583,000
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2004
Sold by
Brj Herrera Properties Llc
Bought by
Herrera Brent and Herrera Christopher P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$577,000
Interest Rate
5.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2003
Sold by
Herrera Brent and Herrera Christopher P
Bought by
Brj Herrera Properties Llc

Purchase Details

Closed on
Dec 27, 2002
Sold by
Herrera Brent
Bought by
Herrera Brent and Herrera Christopher P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.37%

Purchase Details

Closed on
Dec 18, 2002
Sold by
Herrera Christopher P and Herrera Martha Y
Bought by
Herrera Brent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.37%

Purchase Details

Closed on
Sep 14, 2002
Sold by
Herrera Brent A
Bought by
Herrera Brent A and Herrera Martha Y

Purchase Details

Closed on
Sep 10, 2001
Sold by
Herrera Brent and Herrera Christopher P
Bought by
Herrera Brent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
8.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 17, 2000
Sold by
Cook Walter R and Cook Walter Jr Co Tr
Bought by
Herrera Brent and Herrera Christopher P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
8.26%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Larson Jason R -- Chicago Title Inland Empire
Larson Jason R -- Chicago Title Inland Empire
Lars Spring Street Llc $1,700,000 Fidelity National Title Co
Brj Herrera Properties Llc -- None Available
Herrera Brent A -- First American Title Company
Herrera Martha Y -- First American Title Company
Brj Herrera Properties Llc -- None Available
Brj Herrera Properties Llc -- None Available
Herrera Brent -- Accommodation
Herrera Martha Y -- Accommodation
Herrera Brent -- Lawyers Title
Brj Herrera Properties Llc -- --
Herrera Brent -- Ltc
Herrera Brent -- Ltc
Herrera Brent A -- --
Herrera Brent -- North American Title Co
Herrera Brent $535,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Larson Jason R $1,101,000
Previous Owner Lars Spring Street Llc $1,050,000
Previous Owner Herrera Brent A $550,000
Previous Owner Herrera Brent $583,000
Previous Owner Herrera Brent $577,000
Previous Owner Herrera Brent $560,000
Previous Owner Herrera Brent $25,000
Previous Owner Herrera Brent $428,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2020 06/19/20 Sold $1,700,000 -4.2% $690 / Sq Ft
01/30/2020 01/30/20 Pending -- -- --
12/09/2019 12/09/19 Price Changed $1,775,000 +2.9% $721 / Sq Ft
12/09/2019 12/09/19 Price Changed $1,725,000 -4.2% $700 / Sq Ft
10/05/2019 10/05/19 For Sale $1,800,000 -- $731 / 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 $23,344 $1,859,194 $1,203,008 $656,186
2024 $23,344 $1,822,740 $1,179,420 $643,320
2023 $22,952 $1,787,001 $1,156,295 $630,706
2022 $21,525 $1,751,963 $1,133,623 $618,340
2021 $21,111 $1,717,612 $1,111,396 $606,216
2020 $9,676 $752,277 $489,063 $263,214
2019 $9,562 $737,536 $479,474 $258,062
2018 $9,315 $723,084 $470,073 $253,011
2016 $8,573 $694,604 $451,820 $242,784
2015 $8,231 $684,172 $445,034 $239,138
2014 $8,184 $670,771 $436,317 $234,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19236275

California Regional Multiple Listing Service (CRMLS)

APN: 7245-025-008