NOT LISTED FOR SALE

2918 Pacific Ave Long Beach, CA 90806

North Wrigley Neighborhood

Estimated Value: $885,000 - $1,010,000

5 Beds
3 Baths
2,130 Sq Ft
$459/Sq Ft Est. Value

Last Sold April 26, 2012

Last sale price $398,000 $187 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $5,648/month

64 Days on Market

Highlights

  • Bungalow
  • No Heating
  • 2-minute walk to Veterans Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of April 2012

Two 2 bedroom, 1 bath units + one 1 bedroom, 1 bath unit. 3 garages. The 1 bedroom was completely rebuilt recently.

Last Agent to Sell the Property

Thomas Winn

Long Beach Invest. Prop. License #00697278 Listed on: 01/18/2012

Last Buyer's Agent

Marty Stone

Buckingham Investments License #00416755

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 6,413

Parking

  • 3 Parking Spaces

Home Design

  • 2,130 Sq Ft Home
  • Bungalow
  • Stucco

Additional Features

  • 6,413 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Block 1
  • Tax Tract Number 10
  • Assessor Parcel Number 7206005010

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,350
  • Net Operating Income $40,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 9.46
  • View: No
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 7206005010
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 186.85

Exterior Features

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

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6413.00
  • Lot Size Acres: 0.1470

Multi Family

  • Gross Income: 3350.00
  • Gross Multiplier: 10.57
  • Gross Scheduled Income: 40200.00
  • Lot Size Area: 6413.0000 Square Feet
  • Net Operating Income: 40200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3

Tax Info

  • Tax Area: 5501
  • Tax Block: 1
  • Tax Lot: 0.
  • Tax Tract Number: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2020
Sold by
Chonis Jeffery J and Chonis Joyce E
Bought by
Chonis Jeffery J and Chonis Joyce E
Current Estimated Value
$977,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Outstanding Balance
$465,840
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$511,629

Purchase Details

Listed on
Jan 18, 2012
Closed on
Apr 25, 2012
Sold by
Chonis Jeffrey J and Chonis Joyce E
Bought by
Chonis Jeffery J and Chonis Joyce E
Seller's Agent
Thomas Winn
Long Beach Invest. Prop.
Buyer's Agent
Marty Stone
Buckingham Investments
List Price
$425,000
Sold Price
$398,000
Premium/Discount to List
-$27,000
-6.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.78%
Original Mortgage
$286,500
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 18, 2012
Closed on
Mar 16, 2012
Sold by
Morgan Delmar E and Morgan Judy M
Bought by
Chonis Jeffrey J and Chonis Joyce E
Seller's Agent
Thomas Winn
Long Beach Invest. Prop.
Buyer's Agent
Marty Stone
Buckingham Investments
List Price
$425,000
Sold Price
$398,000
Premium/Discount to List
-$27,000
-6.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,500
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2008
Sold by
Fdic
Bought by
Morgan Delmar E and Morgan Judy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
6.37%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 18, 2008
Sold by
Prom Davouth
Bought by
Indymac Bank Fsb

Purchase Details

Closed on
Jun 26, 2006
Sold by
Bhavnani Sally T and Bhavnani Louise S
Bought by
Prom Davouth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$516,000
Interest Rate
8.87%
Mortgage Type
Purchase Money Mortgage
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
Chonis Jeffery J -- Pacific Coast Title Company
Chonis Jeffery J -- None Available
Chonis Jeffrey J $382,500 North American Title Company
Morgan Delmar E $350,000 Chicago Title Company
Indymac Bank Fsb $494,547 None Available
Prom Davouth $645,000 Lawyers Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chonis Jeffery J $525,000
Closed Chonis Jeffrey J $286,500
Previous Owner Morgan Delmar E $245,000
Previous Owner Prom Davouth $516,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2012 04/26/12 Sold $398,000 -6.4% $187 / Sq Ft
03/22/2012 03/22/12 Pending -- -- --
01/18/2012 01/18/12 For Sale $425,000 -- $200 / 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 $6,508 $479,802 $251,206 $228,596
2024 $6,508 $470,395 $246,281 $224,114
2023 $6,396 $461,172 $241,452 $219,720
2022 $6,016 $452,130 $236,718 $215,412
2021 $5,887 $443,266 $232,077 $211,189
2020 $5,871 $439,002 $229,698 $209,304
2019 $5,803 $430,401 $225,195 $205,206
2018 $5,592 $421,968 $220,780 $201,188
2016 $5,145 $405,314 $212,207 $193,107
2015 $4,944 $399,227 $209,020 $190,207
2014 $4,922 $391,408 $204,926 $186,482
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2012

    Thomas Winn

    Long Beach Invest. Prop.

  • Marty Stone

    Buyer's Agent in 2012

    Marty Stone

    Buckingham Investments

    (310) 322-9763

    7 Total Sales

    Marty Stone
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P809186

California Regional Multiple Listing Service (CRMLS)

APN: 7206-005-010

California Los Angeles County Long Beach 90806 North Wrigley

2918 Pacific Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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