NOT LISTED FOR SALE

Estimated Value: $1,002,000 - $1,299,000

7 Beds
4 Baths
2,825 Sq Ft
$406/Sq Ft Est. Value

Last Sold May 10, 2021

Last sale price $950,000 $336 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $7,115/month

61 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window

About This Home

As of May 2021

Welcome to a well maintained 3 Triplex located in a highly desirable area of Long Beach. Huge lot of 6,491 and long, shared driveway allows many parking spaces. Front unit has 3 bedrooms and 1.5 bathrooms with one car garage. It has many upgrades such as flooring, granite countertops, recessed lighting and crown molding. As a plus, It is detached from the other two units.
Back units are unit A and unit B, they are top and bottom of each other. Each unit has their own laundry hook ups, saves endless trips to the laundromat. As well, each unit consists of 2 bedrooms and 1 bathroom. Unit A (bottom) is vacant and has been recently upgraded from floorings, to paint, to kitchen, and bathrooms. This Triplex is near many shopping centers and freeways. Come check it out, purchase it for long term investment, sit, and watch your money grow.

Last Agent to Sell the Property

Channy Chor

JohnHart Real Estate License #01836138 Listed on: 02/17/2021

JohnHart Real Estate

Last Buyer's Agent

Mark Lowman

Optimum First, Inc. License #02066689

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 6,491 Sq Ft Lot
  • No Common Walls

Home Design

  • 2,825 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Gas And Electric Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Private Water Source

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 13482
  • Assessor Parcel Number 7121014004

Community Details

Overview

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

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $1,080
  • Water Sewer Expense $2,400
  • New Taxes Expense $10,413
  • Operating Expense $1,225
  • Gross Income $30,600
  • Net Operating Income $1,325

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 2400.00
  • Zoning: LBR1N
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7121014004
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: One, Two
  • Price Per Square Foot: 336.28

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 1080.00
  • Water Source: Private
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 6491.00
  • Lot Size Acres: 0.1490

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 30600.00
  • Gross Scheduled Income: 2550.00
  • Insurance Expense: 800.00
  • Lot Size Area: 6491.0000 Square Feet
  • Net Operating Income: 1325.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 1225.00
  • Rent Control: No
  • Total Actual Rent: 2550.00
  • Total Expenses: 1225.00

Tax Info

  • New Taxes Expense: 10413.00
  • Tax Census Tract: 5702.04
  • Tax Lot: 5
  • Tax Tract Number: 13482

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2005
Sold by
Legaspi Luciano E and Legaspi Estrellita
Bought by
Legaspi Estrellita and Bernal Susan Estrella
Current Estimated Value
$1,147,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Outstanding Balance
$190,200
Interest Rate
5.84%
Mortgage Type
New Conventional
Estimated Equity
$957,071

Purchase Details

Closed on
Apr 14, 1996
Sold by
Legaspi Estrellita
Bought by
Legaspi Luciano E and Legaspi Estrellita

Purchase Details

Closed on
Feb 8, 1994
Sold by
Legaspi Luciano Esguera
Bought by
Legaspi Estrellita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.24%

Purchase Details

Closed on
Feb 2, 1994
Sold by
Legaspi Estrellita and Bernal Susan Estrella
Bought by
Legaspi Estrella and Bernal Susan Estrella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.24%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Legaspi Estrellita -- Stewart Title
Bernal Susan Estrella -- Stewart Title
Legaspi Luciano E -- --
Legaspi Estrellita -- Orange Coast Title
Legaspi Estrella -- Orange Coast Title
Bernal Susan Estrella -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Legaspi Estrellita $372,000
Closed Legaspi Estrella $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/10/2021 05/10/21 Sold $950,000 +0.1% $336 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
04/09/2021 04/09/21 For Sale $949,000 0.0% $336 / Sq Ft
03/23/2021 03/23/21 Pending -- -- --
03/04/2021 03/04/21 For Sale $949,000 -0.1% $336 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
02/26/2021 02/26/21 Off Market $950,000 -- --
02/17/2021 02/17/21 For Sale $949,000 +13.9% $336 / Sq Ft
12/18/2020 12/18/20 Sold $833,000 +0.4% $295 / Sq Ft View Prior Sale
10/29/2020 10/29/20 Pending -- -- --
10/20/2020 10/20/20 For Sale $830,000 0.0% $294 / Sq Ft
09/14/2020 09/14/20 Pending -- -- --
08/18/2020 08/18/20 For Sale $830,000 -- $294 / 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 $13,244 $1,028,309 $432,972 $595,337
2024 $13,244 $1,008,147 $424,483 $583,664
2023 $13,023 $988,380 $416,160 $572,220
2022 $12,228 $969,000 $408,000 $561,000
2021 $10,590 $833,000 $333,000 $500,000
2020 $5,368 $391,732 $149,737 $241,995
2019 $5,307 $384,051 $146,801 $237,250
2018 $5,081 $376,522 $143,923 $232,599
2016 $4,667 $361,903 $138,335 $223,568
2015 $4,487 $356,468 $136,258 $220,210
2014 $4,470 $349,486 $133,589 $215,897
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21030700

California Regional Multiple Listing Service (CRMLS)

APN: 7121-014-004