NOT LISTED FOR SALE

Estimated Value: $1,280,000 - $1,638,000

2 Beds
1 Bath
3,312 Sq Ft
$448/Sq Ft Est. Value

Last Sold April 21, 2021

Last sale price $1,210,000 $365 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $9,169/month

34 Days on Market

Highlights

  • Laundry Room
  • Front Yard
  • 5-minute walk to Rose Park
  • Woodrow Wilson High School Rated A

About This Home

As of April 2021

This investment opportunity is located in Eastside Long Beach, just off Orizaba and 11th Street. The complex consists of Four (4), 2 Bedroom, 1 Bath (1 Bedroom / 1 Bath + Den) units, each approximately 830 sq. ft. The exterior of the building has undergone recent renovations including fresh paint, and new windows. This property also includes amenities such as an on-site laundry room, central courtyard, and garage parking (one garage per unit) for additional income. A new owner may also have the ability to covert the garages into two additional ADU units (buyer to confirm with city).

Last Agent to Sell the Property

Patrick Swanson

Pat Swanson License #01382974 Listed on: 02/09/2021

Last Buyer's Agent

Peter D'Auteuil

Buckingham Investments, Inc License #02089788

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 4,262 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • 3,312 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room

Listing and Financial Details

  • Legal Lot and Block 28 / B
  • Tax Tract Number 576903
  • Assessor Parcel Number 7259018016

Community Details

Overview

  • 4 Units
  • Eastside Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,725
  • Fuel Expense $3,293
  • Insurance Expense $761
  • New Taxes Expense $14,705
  • Operating Expense $26,444
  • Gross Income $75,453
  • Net Operating Income $49,012

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7259018016
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 365.34

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 4262.00
  • Lot Size Acres: 0.0978

Multi Family

  • Electric Expense: 1725.00
  • Fuel Expense: 3293.00
  • Gross Income: 75453.00
  • Gross Scheduled Income: 76800.00
  • Insurance Expense: 761.00
  • Lot Size Area: 4262.0000 Square Feet
  • Net Operating Income: 49012.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 26444.00
  • Rent Control: No
  • Total Expenses: 26444.00

Tax Info

  • New Taxes Expense: 14705.00
  • Tax Block: B
  • Tax Census Tract: 5769.03
  • Tax Lot: 28
  • Tax Tract Number: 576903

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2023
Sold by
Dauteuil Alyson and Dauteuil Michael E
Bought by
Michael E And Alyson Dauteuil Family Trust and Dauteuil
Current Estimated Value
$1,483,025

Purchase Details

Listed on
Feb 9, 2021
Closed on
Apr 13, 2021
Sold by
Arnold Co Llc
Bought by
Dauteuil Alyson and Dauteuil Michael E
Seller's Agent
Patrick Swanson
Pat Swanson
Buyer's Agent
Peter D'Auteuil
Buckingham Investments, Inc
List Price
$1,225,000
Sold Price
$1,210,000
Premium/Discount to List
-$15,000
-1.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.44%
Original Mortgage
$907,500
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2020
Sold by
Abert Melvyn and Abert Connie C
Bought by
Arnold Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 18, 2013
Sold by
Abert Melvyn and Abert Connie C
Bought by
Abert Melvyn and Abert Connie C

Purchase Details

Closed on
Oct 17, 2002
Sold by
Tucker Deborah Sue and Tucker Deborah S
Bought by
Abert Melvyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
5.99%

Purchase Details

Closed on
Apr 11, 2000
Sold by
Basinet Michael J
Bought by
Tucker Deborah S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,126
Interest Rate
8.22%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 14, 1999
Sold by
Contimortgage Corp
Bought by
Basinet Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,100
Interest Rate
7.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 1999
Sold by
Walker Beverly
Bought by
Contimortgage Corp

Purchase Details

Closed on
Dec 16, 1997
Sold by
Pacific Realty Inc
Bought by
Walker Beverly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
7.16%

Purchase Details

Closed on
Dec 3, 1997
Sold by
Ali Victor
Bought by
Pacific Realty Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
7.16%

Purchase Details

Closed on
Jan 23, 1996
Sold by
Home Svgs Of America Fsb
Bought by
Ali Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,250
Interest Rate
7.04%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 21, 1994
Sold by
Wood W Kurt W and Wood Diane G
Bought by
Aquarian Capital Corp
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
Michael E And Alyson Dauteuil Family Trust -- None Listed On Document
Dauteuil Alyson $1,210,000 Commonwealth Land Title
Arnold Co Llc -- Stewart Title Company
Abert Melvyn -- None Available
Abert Melvyn $485,000 Fidelity National Title Co
Tucker Deborah S $310,000 Fidelity National Title
Basinet Michael J $199,000 Fidelity National Title Co
Contimortgage Corp $150,000 Landsafe Title
Walker Beverly $295,000 --
Pacific Realty Inc $157,000 North American Title Co
Ali Victor $127,000 Continental Lawyers Title Co
Aquarian Capital Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dauteuil Alyson $907,500
Previous Owner Arnold Co Llc $300,000
Previous Owner Abert Melvyn $388,000
Previous Owner Tucker Deborah S $301,126
Previous Owner Basinet Michael J $179,100
Previous Owner Walker Beverly $236,000
Previous Owner Pacific Realty Inc $154,952
Previous Owner Ali Victor $155,250
Closed Walker Beverly $44,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2021 04/21/21 Sold $1,210,000 -1.2% $365 / Sq Ft
02/09/2021 02/09/21 For Sale $1,225,000 -- $370 / 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 $16,783 $1,309,742 $541,216 $768,526
2024 $16,783 $1,284,061 $530,604 $753,457
2023 $16,550 $1,258,884 $520,200 $738,684
2022 $15,487 $1,234,200 $510,000 $724,200
2021 $15,057 $1,200,000 $900,000 $300,000
2019 $8,372 $629,686 $181,760 $447,926
2018 $8,113 $617,341 $178,197 $439,144
2016 $7,457 $593,371 $171,278 $422,093
2015 $7,164 $584,459 $168,706 $415,753
2014 $7,128 $573,011 $165,402 $407,609
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21027468

California Regional Multiple Listing Service (CRMLS)

APN: 7259-018-016