Seller's Agent in 2024
Jack Harriman
Seven Gables Real Estate
(626) 201-2684
1 in this area
47 Total Sales
2972 Pacific Ave Unit A Long Beach, CA 90806
North Wrigley NeighborhoodEstimated Value: $1,298,000 - $1,352,000
8
Beds
4
Baths
4,020
Sq Ft
$331/Sq Ft
Est. Value
Highlights
- City Lights View
- Property is near a park
- No HOA
- Long Beach Polytechnic High School Rated A
- Traditional Architecture
- 3-minute walk to Veterans Park
About This Home
As of August 2024Fantastic Fourplex in Highly Desirable Wrigley Heights!
Centrally located in Long Beach, just minutes from downtown, the Blue Line station, and major freeways (710, 110, 405 & 605), this property offers tremendous appeal. Nestled near the tree-filled Veterans Park, this charming four-unit complex features spacious 2-bedroom, 1-bath units, each over 1,000 sq. ft., set on a 6,495 sq. ft. lot.
Each unit is separately metered for gas and electricity, providing convenience. The property includes four detached garages for tenant parking and a dedicated laundry room off secure courtyard.
This is a prime investment opportunity in a sought-after location with attractive rental potential.
Last Agent to Sell the Property
Seven Gables Real Estate Brokerage Phone: 626-201-2684 License #01920575 Listed on: 06/18/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,305
Year Built
- Built in 1953
Lot Details
- 6,579 Sq Ft Lot
- Two or More Common Walls
- Wrought Iron Fence
- Block Wall Fence
- Level Lot
Parking
- 4 Car Garage
Property Views
- City Lights
- Neighborhood
Home Design
- Traditional Architecture
- Quadruplex
- Wood Siding
- Stucco
Interior Spaces
- 4,020 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Location
- Property is near a park
- Property is near public transit
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 3 / 1
- Assessor Parcel Number 7206005003
- $949 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
- Wrigley Area Subdivision
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $365
- Insurance Expense $1,975
- Water Sewer Expense $3,625
- Operating Expense $16,568
- Gross Income $76,800
- Net Operating Income $60,232
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 18, 2024
Closed on
Aug 5, 2024
Sold by
Security Eat 837 Inc
Bought by
Abc Urban 1 Llc
Seller's Agent
Jack Harriman
Seven Gables Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,275,000
Sold Price
$1,320,000
Premium/Discount to List
$45,000
3.53%
Views
30
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,000
Avg. Annual Appreciation
0.91%
Original Mortgage
$1,540,000
Outstanding Balance
$1,525,311
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
-$193,311
Purchase Details
Closed on
May 30, 2024
Sold by
Case Properties Llc
Bought by
Security Eat 837 Inc
Purchase Details
Closed on
Sep 2, 2014
Sold by
Santos Rolando T
Bought by
Case Properties Llc
Purchase Details
Closed on
May 29, 2014
Sold by
Santos Rolando T
Bought by
Case Properties Llc
Purchase Details
Closed on
Sep 11, 2012
Sold by
Santos Rolando T and De Dios Germelina Vergel
Bought by
Santos Rolando T and Dedios Germelina Vergel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,000
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 5, 2008
Sold by
Williams Maurey and Evans Darice
Bought by
Santos Rolando T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 26, 2008
Sold by
Smith Charles H
Bought by
Williams Maurey
Purchase Details
Closed on
Dec 20, 2007
Sold by
Smith Alicia J
Bought by
Smith Charles H
Purchase Details
Closed on
Oct 11, 2006
Sold by
Aertgeerts Michael H and Aertgeerts Alicia W
Bought by
Smith Charles H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,250
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Abc Urban 1 Llc | $1,320,000 | Wfg National Title | |
| Security Eat 837 Inc | -- | -- | |
| Case Properties Llc | -- | None Available | |
| Case Properties Llc | -- | None Available | |
| Santos Rolando T | -- | Accommodation | |
| Santos Rolando T | $660,000 | Ntc | |
| Williams Maurey | -- | None Available | |
| Smith Charles H | -- | None Available | |
| Smith Charles H | $775,000 | Lawyers Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Abc Urban 1 Llc | $1,540,000 | |
| Previous Owner | Santos Rolando T | $357,000 | |
| Previous Owner | Santos Rolando T | $495,000 | |
| Previous Owner | Smith Charles H | $581,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2024 08/12/24 | Sold | $1,320,000 | +3.5% | $328 / Sq Ft |
| 06/27/2024 06/27/24 | Pending | -- | -- | -- |
| 06/18/2024 06/18/24 | For Sale | $1,275,000 | -- | $317 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $11,305 | $1,320,000 | $400,000 | $920,000 |
| 2024 | $11,305 | $833,243 | $580,749 | $252,494 |
| 2023 | $11,114 | $816,906 | $569,362 | $247,544 |
| 2022 | $10,447 | $800,890 | $558,199 | $242,691 |
| 2021 | $10,223 | $785,187 | $547,254 | $237,933 |
| 2019 | $10,078 | $761,900 | $531,023 | $230,877 |
| 2018 | $9,738 | $746,961 | $520,611 | $226,350 |
| 2016 | $8,947 | $717,957 | $500,396 | $217,561 |
| 2015 | $8,595 | $707,174 | $492,880 | $214,294 |
| 2014 | $8,547 | $693,323 | $483,226 | $210,097 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2024
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
5,797 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV24117488
APN: 7206-005-003
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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
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