NOT LISTED FOR SALE

Estimated Value: $1,689,000 - $2,641,000

8 Beds
7 Baths
4,050 Sq Ft
$528/Sq Ft Est. Value

Last Sold September 09, 2022

Last sale price $1,780,000 $440 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $14,270/month

22 Days on Market

Highlights

  • 0.11 Acre Lot
  • No HOA
  • Rectangular Lot
  • Long Beach Polytechnic High School Rated A
  • Laundry Room
  • Front Yard

About This Home

As of September 2022

Fabulous location close to the beach and downtown. Great opportunity for owner occupant in front 3 Bedroom 2 bath with fireplace that has the feel of a single family home or rent them all. Recently painted and the landscaping is in process now. Garage parking for 4 cars. Single carport is covered and has a door making for a total of 5 car parking.

Outside pictures are recent, interior shots were a few years ago. Make offers subject to Interior inspection to confirm they are substantially the same.

Unit C is leased for a year, the other 3 are month to month with rent increases that go into effect Sept 1. Great opportunity for future increases based on market rents in the area. Opportunity. opportunity, opportunity combined with Location, Location, Location

Last Agent to Sell the Property

Kevin Burke

BerkshireHathaway HomeServices License #00714352 Listed on: 07/21/2022

BerkshireHathaway HomeServices

Last Buyer's Agent

Andrew Lee

Andrew C. Lee License #01046440

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,301

Year Built

  • Built in 1972

Lot Details

  • 5,002 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Front Yard

Parking

  • 4 Car Garage
  • 1 Carport Space
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex

Interior Spaces

  • 4,050 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 11 / 56
  • Assessor Parcel Number 7265009034
  • $12,189 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Alamitos Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • Rent Control
  • 4 Separate Electric Meters
  • Electric Expense $662
  • Gardener Expense $1,200
  • Insurance Expense $2,067
  • Maintenance Expense $5,715
  • Other Expense $601
  • Pest Control $330
  • Trash Expense $500
  • Water Sewer Expense $1,116
  • New Taxes Expense $23,687
  • Operating Expense $36,378
  • Net Operating Income $73,122

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,301

Year Built

Built in 1972

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 473750
  • Property Attached: No
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: No
  • Water Sewer Expenses: 1116.00
  • Zoning: LBR4R
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7265009034
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 439.51

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 330.00
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Rectangular Lot
  • Lot Size Sq Ft: 5002.00
  • Lot Size Acres: 0.1148

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 662.00
  • Gross Scheduled Income: 109500.00
  • Insurance Expense: 2067.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 5002.0000 Square Feet
  • Maintenance Expense: 5715.00
  • Net Operating Income: 73122.00
  • Number Of Separate Electric Meters: 4
  • Number Of Units Leased: 1
  • Number Of Units Total: 4
  • Operating Expense: 36378.00
  • Other Expense: 601.00
  • Other Expense Description: Laundry
  • Rent Control: Yes
  • Total Expenses: 36378.00

Tax Info

  • New Taxes Expense: 23687.00
  • Tax Block: 56
  • Tax Census Tract: 5766.01
  • Tax Lot: 11
  • TaxOtherAnnualAssessmentAmount: 12189.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2022
Closed on
Oct 31, 2022
Sold by
Open House Investments Llc
Bought by
Sakatasuisan Co Ltd
Seller's Agent
Kevin Burke
BerkshireHathaway HomeServices
Buyer's Agent
Andrew Lee
Andrew C. Lee
List Price
$1,895,000
Sold Price
$1,780,000
Premium/Discount to List
-$115,000
-6.07%
Views
6
Current Estimated Value
$2,140,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$360,333
Avg. Annual Appreciation
4.72%
Original Mortgage
$960,000
Outstanding Balance
$932,149
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$1,109,184

Purchase Details

Listed on
Jul 21, 2022
Closed on
Aug 11, 2022
Sold by
Kudlick Thomas S
Bought by
Open House Investments Llc
Seller's Agent
Kevin Burke
BerkshireHathaway HomeServices
Buyer's Agent
Andrew Lee
Andrew C. Lee
List Price
$1,895,000
Sold Price
$1,780,000
Premium/Discount to List
-$115,000
-6.07%
Views
6

Purchase Details

Closed on
Oct 11, 2017
Sold by
Humphries Diana
Bought by
Humphries Diana and Humphries Living Trust

Purchase Details

Closed on
Jun 15, 2009
Sold by
Ruiz David A
Bought by
Kudlick Thomas S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$772,251
Interest Rate
5.31%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 20, 2003
Sold by
Ruiz Bertha A
Bought by
Ruiz David A and Ruiz Bertha A

Purchase Details

Closed on
Sep 12, 2003
Sold by
Harcum William M
Bought by
Ruiz Bertha A and Frias 1999 Trust
Source: Public Records

Range of Values:

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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
Sakatasuisan Co Ltd $2,400,000 Chicago Title Company
Open House Investments Llc $1,780,000 --
Humphries Diana -- None Available
Kudlick Thomas S $799,000 First American Title Ins Co
Ruiz David A -- --
Ruiz Bertha A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sakatasuisan Co Ltd $960,000
Previous Owner Kudlick Thomas S $647,200
Previous Owner Kudlick Thomas S $720,000
Previous Owner Kudlick Thomas S $774,954
Previous Owner Kudlick Thomas S $772,251
Previous Owner Ruiz David A $470,000
Previous Owner Ruiz David A $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2022 09/09/22 Sold $1,780,000 -6.1% $440 / Sq Ft
08/12/2022 08/12/22 Pending -- -- --
08/01/2022 08/01/22 For Sale $1,895,000 0.0% $468 / Sq Ft
07/24/2022 07/24/22 Pending -- -- --
07/21/2022 07/21/22 For Sale $1,895,000 -- $468 / 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 $31,301 $2,496,960 $1,789,488 $707,472
2024 $31,301 $2,448,000 $1,754,400 $693,600
2023 $30,782 $2,400,000 $1,720,000 $680,000
2022 $12,449 $971,870 $547,362 $424,508
2021 $12,189 $952,815 $536,630 $416,185
2019 $12,016 $925,206 $520,714 $404,492
2018 $11,660 $907,078 $510,504 $396,574
2017 $55 $888,656 $500,495 $388,161
2016 $10,715 $871,232 $490,682 $380,550
2015 $10,288 $858,146 $483,312 $374,834
2014 $10,225 $841,337 $473,845 $367,492
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22154600

California Regional Multiple Listing Service (CRMLS)

APN: 7265-009-034