Seller's Agent in 2023
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
4 in this area
76 Total Sales
3032 E 7th St Long Beach, CA 90804
Bluff Heights NeighborhoodEstimated Value: $2,606,302
4
Beds
2
Baths
6,040
Sq Ft
$432/Sq Ft
Est. Value
Highlights
- Laundry Room
- Woodrow Wilson High School Rated A
- 4-minute walk to Rose Park
About This Home
As of May 20233032 E. 7th Street is a 10-unit apartment building in the popular Rose Park neighborhood of Long Beach, California. The property consists of (4) 2 BD/1 BA units, (4) 1 BD/1BA units and (2) retail units. All residential units feature balconies or patios, and select units have been renovated with new flooring and kitchens. On site laundry is available, contributing to the current income, as well (4) garages with the potential for parking income. The property has a Walk Score of 92 out of 100, considered a "Walker's Paradise", so daily errands do not require a car. Living in Rose Park offers residents an urban/suburban mix feel and most residents rent their homes. The area offers many amenities such as bars, restaurants, coffee shops and parks, and the neighborhood is highly rated for families and young professionals. Public schools in the area are also highly rated. 3032 E. 7th Street provides a new owner with over 20% rental upside potential in a desirable rental market.
Last Agent to Sell the Property
Keller Williams Realty Downey License #01456379 Listed on: 03/02/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 5,640 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 4 Car Garage
Home Design
- 6,040 Sq Ft Home
- Apartment
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Legal Lot and Block 5 / E
- Tax Tract Number 5768
- Assessor Parcel Number 7258030005
- $1,489 per year additional tax assessments
Community Details
Overview
- 10 Units
- Eastside Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,875
- Fuel Expense $1,875
- Gardener Expense $1,000
- Insurance Expense $5,138
- Maintenance Expense $7,000
- Other Expense $2,250
- Pest Control $900
- Professional Management Expense $9,437
- Trash Expense $1,875
- Water Sewer Expense $1,875
- New Taxes Expense $30,524
- Operating Expense $65,450
- Gross Income $188,743
- Net Operating Income $124,293
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 2, 2023
Closed on
Mar 23, 2023
Sold by
Tap Dancing On Land Mines Llc
Bought by
Mulcahy Real Estate Llc
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Andrew McAllister
eXp Realty of Greater L.A
List Price
$2,400,000
Sold Price
$2,250,000
Premium/Discount to List
-$150,000
-6.25%
Views
28
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
$356,302
Avg. Annual Appreciation
5.77%
Original Mortgage
$1,380,000
Interest Rate
6.32%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 30, 2020
Sold by
Hill Deborah
Bought by
Hill Deborah and Deborah K Hill Living Trust
Purchase Details
Closed on
Nov 20, 2012
Sold by
Heldt Duane V
Bought by
Tap Dancing On Land Mines Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$704,250
Interest Rate
3.33%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 7, 2002
Sold by
Olson Paul R
Bought by
Heldt Duane and Potter Stephanie J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Interest Rate
5.99%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 26, 2002
Sold by
Olson Julia M Cronkhite
Bought by
Olson Paul R
Purchase Details
Closed on
Feb 26, 2001
Sold by
Olson Paul R
Bought by
Olson Julia M Cronkhite
Purchase Details
Closed on
Aug 11, 1998
Sold by
Mcwilliams Trust Mcwilliams, Richard L Tr Glo
Bought by
Olson Paul R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
6.89%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Oct 7, 1997
Sold by
Mcwilliams Trust Mcwilliams, Richard L Tr Glo
Bought by
Bauer Robert H and Mcwilliams Richard L
Purchase Details
Closed on
Aug 7, 1997
Sold by
Bauer R H Tr Bauer Family Trust
Bought by
Mcwilliams Richard L and Gloria R Mcwilliams Trust B
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 |
|---|---|---|---|
| Mulcahy Real Estate Llc | $2,390,909 | Ticor Title Company | |
| Hill Deborah | -- | None Available | |
| Tap Dancing On Land Mines Llc | $955,000 | Pacific Coast Title Company | |
| Heldt Duane | $670,000 | Gateway Title Company | |
| Olson Paul R | -- | Gateway Title Company | |
| Olson Julia M Cronkhite | -- | -- | |
| Olson Paul R | $292,500 | Gateway Title | |
| Bauer Robert H | -- | -- | |
| Mcwilliams Richard L | $65,000 | Gateway Title | |
| Bauer Robert H | -- | Gateway Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mulcahy Real Estate Llc | $1,380,000 | |
| Previous Owner | Tap Dancing On Land Mines Llc | $704,250 | |
| Previous Owner | Heldt Duane | $485,000 | |
| Previous Owner | Olson Paul R | $243,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/16/2023 05/16/23 | Sold | $2,250,000 | -6.3% | $373 / Sq Ft | |
| 03/16/2023 03/16/23 | Pending | -- | -- | -- | |
| 03/02/2023 03/02/23 | For Sale | $2,400,000 | +151.3% | $397 / Sq Ft | |
| 02/05/2013 02/05/13 | Sold | $955,000 | +1.7% | $158 / Sq Ft | View Prior Sale |
| 01/22/2013 01/22/13 | Pending | -- | -- | -- | |
| 11/01/2012 11/01/12 | For Sale | $939,000 | -- | $155 / 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 | $33,226 | $2,392,920 | $728,280 | $1,664,640 |
| 2024 | $33,226 | $2,346,000 | $714,000 | $1,632,000 |
| 2023 | $15,606 | $1,130,337 | $650,980 | $479,357 |
| 2022 | $14,669 | $1,108,174 | $638,216 | $469,958 |
| 2021 | $14,343 | $1,086,446 | $625,702 | $460,744 |
| 2020 | $14,305 | $1,075,517 | $619,287 | $456,230 |
| 2019 | $15,219 | $1,054,434 | $607,145 | $447,289 |
| 2018 | $13,741 | $1,033,764 | $595,241 | $438,523 |
| 2016 | $12,631 | $993,422 | $572,128 | $421,294 |
| 2015 | $12,138 | $978,501 | $563,535 | $414,966 |
| 2014 | $12,097 | $959,335 | $552,497 | $406,838 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
-
Andrew McAllister
A
Buyer's Agent in 2023
Andrew McAllister
eXp Realty of Greater L.A
(562) 423-8134
1 in this area
17 Total Sales
-
Drew McAllister
Buyer's Agent in 2023
Drew McAllister
Nationwide Real Estate Execs
(562) 528-8105
1 in this area
14 Total Sales
-
Louis Mannone
Seller's Agent in 2013
Louis Mannone
Realty One Group West
(714) 488-2801
1 in this area
12 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23035436
APN: 7258-030-005
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.
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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