NOT LISTED FOR SALE

2942 E 63rd St Long Beach, CA 90805

Saint Francis Neighborhood

Estimated Value: $835,000 - $888,988

4 Beds
2 Baths
1,206 Sq Ft
$708/Sq Ft Est. Value

Last Sold January 31, 2023

Last sale price $780,000 $647 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,406/month

67 Days on Market

About This Home

As of January 2023

EXTRAORDINARY DUPLEX IN A LARGE CORNER LOT. (TWO ADDRESS PROPERTY). THE MAIN UNIT ON 63rd ST IS 1 BEDROOM,1 BATH WITH EXTRA BONUS ROOM. 2 UNIT (ORIZABA) IS 3 BEDROOMS, 1 BATH. FROM AND BACK YARD IN BOTH UNITS. PER ASSESSOR THE PROPERTY SHOW 1206 SQFTBUT IS1552 SQFT WITH 5 CAR GARAGES. THE NEW OWNER CAN BE CONVERTED THE GARAGES (ADU) INTO 2 UNITS; 1BEDROOM,1 BATH EACH, GREAT OPPORTUNITY TO GENERATE ADDITIONAL INCOME AND INCREASE THE PROPERTY VALUE.

Last Agent to Sell the Property

Luis Bocanegra

iCasa Realty & Investments License #01846934 Listed on: 09/26/2022

Last Buyer's Agent

Nohemi Ramirez

Keller Williams South Bay License #02122572

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,268

Year Built

  • Built in 1954

Lot Details

  • 6,367 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage

Home Design

  • Property Attached
  • Shingle Roof

Interior Spaces

  • 1,206 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Exterior Lighting
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 12
  • Tax Tract Number 13482
  • Assessor Parcel Number 7121014011

Community Details

Overview

  • 2 Units
  • North Long Beach Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $2,400
  • Operating Expense $3,600
  • Net Operating Income $200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,268

Year Built

Built in 1954

Lot Details

0

Parking

5

Listing Details

  • Price Per Unit: 390000
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7121014011
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 646.77
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Gas Water Heater, Water Heater
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2400.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6367.00
  • Lot Size Acres: 0.1462

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 2823.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6367.0000 Square Feet
  • Net Operating Income: 200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 200.00
  • Rent Control: No
  • Total Expenses: 3600.00

Tax Info

  • Tax Census Tract: 5702.04
  • Tax Lot: 12
  • Tax Tract Number: 13482

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2022
Closed on
Jan 25, 2023
Sold by
Kalaw Karren Trinidad
Bought by
Youk Chamroeun
Seller's Agent
Luis Bocanegra
iCasa Realty & Investments
Buyer's Agent
Nohemi Ramirez
Keller Williams South Bay
List Price
$780,000
Sold Price
$780,000
Views
75
Current Estimated Value
$853,997

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,997
Avg. Annual Appreciation
4.10%
Original Mortgage
$750,000
Outstanding Balance
$727,206
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
$139,462

Purchase Details

Listed on
Sep 26, 2022
Closed on
Jan 13, 2023
Sold by
Alvarez Family Revocable Living Trust
Bought by
Youk Chamroeun
Seller's Agent
Luis Bocanegra
iCasa Realty & Investments
Buyer's Agent
Nohemi Ramirez
Keller Williams South Bay
List Price
$780,000
Sold Price
$780,000
Views
75

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$727,206
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
$139,462

Purchase Details

Closed on
Feb 15, 2017
Sold by
Alvarez Enrique
Bought by
Alvarez Enrique and Alvarez Maria O
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Youk Chamroeun -- Pacific Coast Title
Youk Chamroeun $780,000 Pacific Coast Title
Alvarez Enrique -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Youk Chamroeun $750,000
Previous Owner Alvarez Enrique $285,543
Previous Owner Alvarez Enrique $307,964
Previous Owner Alvarez Enrique $332,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2023 01/31/23 Sold $780,000 0.0% $647 / Sq Ft
12/02/2022 12/02/22 Pending -- -- --
09/26/2022 09/26/22 For Sale $780,000 -- $647 / 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 $10,268 $811,512 $364,140 $447,372
2024 $10,268 $795,600 $357,000 $438,600
2023 $4,657 $335,955 $134,377 $201,578
2022 $4,381 $329,369 $131,743 $197,626
2021 $4,291 $322,911 $129,160 $193,751
2019 $4,231 $313,335 $125,330 $188,005
2018 $4,030 $307,192 $122,873 $184,319
2016 $3,710 $295,264 $118,102 $177,162
2015 $3,564 $290,829 $116,328 $174,501
2014 $3,548 $285,133 $114,050 $171,083
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Luis Bocanegra

    iCasa Realty & Investments

    (562) 616-4937

    1 in this area

    14 Total Sales

    Luis Bocanegra
    Section Image
  • Nohemi Ramirez

    Buyer's Agent in 2023

    Nohemi Ramirez

    Keller Williams South Bay

    (310) 988-0614

    1 in this area

    96 Total Sales

    Nohemi Ramirez
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22204696

California Regional Multiple Listing Service (CRMLS)

APN: 7121-014-011

California Los Angeles County Long Beach 90805 Saint Francis

2942 E 63rd St, Long Beach, CA

This home is located at 2942 E 63rd St, Long Beach, CA 90805 since 26 September 2022 and is currently estimated at $853,997, approximately $708 per square foot. This property was built in 1954. 2942 E 63rd St is a home located in Los Angeles County with nearby schools including McKinley Elementary School, Hamilton Middle School, and Jordan High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes