NOT LISTED FOR SALE

Estimated Value: $1,575,000 - $1,827,702

12 Beds
8 Baths
4,320 Sq Ft
$392/Sq Ft Est. Value

Sale Details

Date Sold: August 22, 2022

Last sale price $1,600,000 $370 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $11,036 / mo

110 Days on Market

Highlights

  • Updated Kitchen
  • Granite Countertops
  • Formal Dining Room
  • Open Floorplan
  • No HOA
  • Eat-In Kitchen

About This Home

As of August 2022

All units living long term tenants, excellent income generation property in popular area of Long Beach, An opportunity to acquire a 4-unit multifamily building, All 4 units are 3 bedrooms & 1.5 bathrooms property is has been heavily and completely remodeled, The current owner has spent over $200,000 on improvement including electric panels, roof, dual pane windows, laminate flooring (no carpet), kitchen cabinet, granite counter top & appliances, bathrooms w/fixtures throughout, wall heater, recessed lightings on entire units, copper plumbing, 4 separate electrical meters, new interior & exterior paint, new gated carport for 4 cars space w/new roof, extra sound proof protection on flooring between first and second floor, on-site coin operated laundry room w/2washers & 2dryers for 4units, new driveway, This property is also conveniently located to several freeways and public transportation. any renter would be happy to live here! Tenants are on with full 1 month security deposit and fully executed rental agreement, City of Long Beach market has always enjoyed strong rental growth and with lots of redevelopment it seems this will continue for years to come. Make your offers subject to inspection and approval, sale as-is, no sign on property, * PLEASE DO NOT DISTURB TENANTS* * DRIVE BY ONLY * !!!

Last Agent to Sell the Property

Christina Kwon

Coldwell Banker Best Realty License #01822938 Listed on: 03/02/2022

Coldwell Banker Best Realty

Last Buyer's Agent

Lekeshia Cunningham

Iberri & Associates Real Estat License #01438165

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,056 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Stucco

Interior Spaces

  • 4,320 Sq Ft Home
  • Open Floorplan
  • Recessed Lighting
  • Double Pane Windows
  • Blinds
  • Living Room
  • Formal Dining Room
  • Laminate Flooring
  • Laundry in unit

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Gas Oven
  • Gas Range
  • Free-Standing Range
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 12 Bedrooms | 3 Main Level Bedrooms
  • Remodeled Bathroom
  • Bathtub with Shower
  • Exhaust Fan In Bathroom

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 5 / E
  • Tax Tract Number 6807
  • Assessor Parcel Number 7120008005

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • North Long Beach Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

5,056 Sq Ft Lot

Parking

4

Listing Details

  • Structure Type: Quadruplex
  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Zoning: LBCCA
  • Property Sub Type: Quadruplex
  • Property Type: Residential
  • Parcel Number: 7120008005
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 4320.00 Square Feet
  • Interior Amenities: Granite Counters, Open Floorplan, Recessed Lighting
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 4
  • Total Bedrooms: 12
  • Eating Area: Area, Separated
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 370.37
  • Room Type: Living Room, Master Bedroom
  • Window Features: Blinds, Double Pane Windows
  • Bathroom Features: Bathtub, Shower In Tub, Exhaust Fan(s), Remodeled
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas Oven, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5056.00
  • Lot Size Acres: 0.1161

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5056.0000 Square Feet
  • Number Of Units In Community: 4
  • Number Of Units Total: 4

Tax Info

  • Tax Block: E
  • Tax Census Tract: 5702.04
  • Tax Lot: 5
  • Tax Tract Number: 6807

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2014
Closed on
Dec 10, 2014
Sold by
Bought by
Seller's Agent
Ryan Yamauchi
Home Team Ventures
Buyer's Agent
William Hong
List Price
$829,000
Sold Price
$817,000
Premium/Discount to List
-$12,000
-1.45%
Current Estimated Value
$1,691,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$874,426
Avg. Annual Appreciation
6.54%
Original Mortgage
$612,000
Outstanding Balance
$467,921
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$1,223,505

Purchase Details

Closed on
Aug 4, 2006
Sold by
Bought by

Purchase Details

Closed on
Nov 3, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$584,200
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 16, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$574,400
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$574,400
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,403
Interest Rate
7.24%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 13, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,384
Interest Rate
7.87%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 9, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,368
Interest Rate
6.9%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 27, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,368
Interest Rate
6.9%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$817,000 Equity Title Company
-- None Available
$779,000 Fatcola
-- First American Title Co La
-- --
$718,000 Ctc
-- Ticor Title
$320,000 Fidelity National Title Co
-- First American Title Co
$240,000 First American
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $612,000
Previous Owner $584,200
Previous Owner $574,400
Previous Owner $325,403
Previous Owner $317,384
Previous Owner $231,368
Closed $107,700
Closed $116,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/22/2022 08/22/22 Sold $1,600,000 0.0% $370 / Sq Ft
08/02/2022 08/02/22 Off Market $1,600,000 -- --
07/30/2022 07/30/22 For Sale $1,650,000 +3.1% $382 / Sq Ft
06/21/2022 06/21/22 Off Market $1,600,000 -- --
05/22/2022 05/22/22 Rented $2,260 0.0% --
05/06/2022 05/06/22 For Sale $1,650,000 0.0% $382 / Sq Ft
05/06/2022 05/06/22 For Rent $2,260 0.0% --
05/05/2022 05/05/22 Off Market $1,600,000 -- --
04/26/2022 04/26/22 For Sale $1,650,000 +3.1% $382 / Sq Ft
04/22/2022 04/22/22 Off Market $1,600,000 -- --
04/14/2022 04/14/22 Off Market $2,260 -- --
04/11/2022 04/11/22 For Rent $2,260 0.0% --
04/04/2022 04/04/22 Off Market $2,260 -- --
03/28/2022 03/28/22 For Sale $1,650,000 0.0% $382 / Sq Ft
03/27/2022 03/27/22 For Rent $2,260 0.0% --
03/07/2022 03/07/22 Off Market $1,600,000 -- --
03/02/2022 03/02/22 For Sale $1,650,000 0.0% $382 / Sq Ft
03/24/2018 03/24/18 Rented $1,950 0.0% --
12/20/2017 12/20/17 For Rent $1,950 0.0% --
01/21/2015 01/21/15 Sold $817,000 -1.4% $189 / Sq Ft View Prior Sale
11/16/2014 11/16/14 Pending -- -- --
08/30/2014 08/30/14 For Sale $829,000 -- $192 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $22,168 $1,664,640 $312,120 $1,352,520
2024 $21,200 $1,632,000 $306,000 $1,326,000
2023 $20,846 $1,600,000 $300,000 $1,300,000
2022 $11,831 $925,272 $200,454 $724,818
2021 $11,579 $907,130 $196,524 $710,606
2019 $11,411 $880,226 $190,696 $689,530
2018 $11,058 $862,967 $186,957 $676,010
2016 $10,155 $829,459 $179,699 $649,760
2015 $8,513 $700,000 $235,000 $465,000
2014 $8,621 $700,000 $235,000 $465,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22042057

California Regional Multiple Listing Service (CRMLS)

APN: 7120-008-005

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