NOT LISTED FOR SALE

306 E Home St Unit 306A Long Beach, CA 90805

Addams Neighborhood

Estimated Value: $1,305,000 - $1,440,940

7 Beds
4 Baths
3,000 Sq Ft
$464/Sq Ft Est. Value

Sale Details

Date Sold: March 2, 2022

Last sale price $1,300,000 $433 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $9,091 / mo

11 Days on Market

Highlights

  • Corner Lot
  • Central Heating and Cooling System
  • Front Yard
  • Park
  • 4 Car Garage

About This Home

As of March 2022

Newly remodeled, no rent control, large 2 units on a huge corner lot, high yield and a quickly appreciating neighborhood. What more could you ask of a multifamily asset? All units are generously sized with two garage spaces, private laundry rooms inside each unit, open layout and plenty of natural light. The new owner will enjoy this fully leased property coupled trouble-free returns as each unit is equipped with separate meters for water, gas and electricity all paid by tenants. Main house is two story, 5 bedrooms and 3 bathrooms with freshly remodeled interior & exterior and the other unit (ADU) is single floor, 2  bedrooms and 1 bathroom with its own 2 car garage. Positive cash flow, healthy income stream and solid market appreciation as the area continues its upward trajectory. Easy access to the 710 and 405 freeways.

Last Agent to Sell the Property

Michelle Yoon

OneTop Realty License #01991897 Listed on: 01/17/2022

Last Buyer's Agent

Grace Globus

Compass License #01148331

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2019

Lot Details

  • 6,744 Sq Ft Lot
  • Corner Lot
  • Front Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned LBR1N

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available

Home Design

  • 3,000 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry in unit
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 1814
  • Tax Tract Number 5134
  • Assessor Parcel Number 7131036028
  • $277 per year additional tax assessments

Community Details

Overview

  • 2 Units
  • North Long Beach Subdivision

Recreation

  • Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Home Details

Home Type

Single Family

Year Built

Built in 2019

Lot Details

6,744 Sq Ft Lot

Parking

4

Listing Details

  • Professional Management Expense: 262.00
  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR1N
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 7131036028
  • Year Built: 2019
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: One, Two
  • Price Per Square Foot: 433.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Front Yard
  • Lot Size Sq Ft: 6744.00
  • Lot Size Acres: 0.1548

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 6230.00
  • Gross Scheduled Income: 81720.00
  • Insurance Expense: 58.00
  • Lot Size Area: 6744.0000 Square Feet
  • Net Operating Income: 77880.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 3840.00
  • Rent Control: No
  • Total Expenses: 320.00

Tax Info

  • Tax Census Tract: 5717.04
  • Tax Lot: 1814
  • Tax Tract Number: 5134
  • TaxOtherAnnualAssessmentAmount: 277.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2022
Closed on
Jan 31, 2022
Sold by
Bought by
Seller's Agent
Michelle Yoon
OneTop Realty
Buyer's Agent
Grace Globus
Compass
List Price
$1,250,000
Sold Price
$1,300,000
Premium/Discount to List
$50,000
4%
Current Estimated Value
$1,391,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,235
Avg. Annual Appreciation
1.55%
Original Mortgage
$970,000
Interest Rate
0.0392%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 5, 2019
Closed on
Mar 19, 2019
Sold by
Bought by
Seller's Agent
Janice Lee
Dream Realty & Investments Inc
Buyer's Agent
Kevin Cooper
eXp Realty of California Inc
Sold Price
$2,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
0.043%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
0.039%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 8, 2011
Sold by
Bought by

Purchase Details

Closed on
May 31, 2007
Sold by
Bought by

Purchase Details

Closed on
Apr 7, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
0.0599%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 8, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
0.0599%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,300,000 Provident Title
$825,000 Fidelity National Title
$200,000 Fidelity National Title Comp
-- Fidelity National Title Comp
-- None Available
-- Chicago Title Co
$305,000 First Southwestern Title Co
-- First Southwestern Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $970,000
Previous Owner $420,700
Previous Owner $425,000
Previous Owner $494,000
Previous Owner $130,000
Previous Owner $240,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/02/2022 03/02/22 Sold $1,300,000 +4.0% $433 / Sq Ft
01/17/2022 01/17/22 For Sale $1,250,000 0.0% $417 / Sq Ft
04/13/2019 04/13/19 Rented $2,600 0.0% --
04/05/2019 04/05/19 For Rent $2,600 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $18,126 $1,379,569 $902,026 $477,543
2024 $17,260 $1,352,520 $884,340 $468,180
2023 $16,974 $1,326,000 $867,000 $459,000
2022 $10,774 $867,220 $289,073 $578,147
2021 $10,558 $850,216 $283,405 $566,811
2020 $10,379 $841,500 $280,500 $561,000
2019 $2,656 $204,000 $204,000 $0
2018 $0 $180,405 $180,405 $0
2016 -- $180,405 $180,405 $0
2015 -- $180,405 $180,405 $0
2014 -- $180,405 $180,405 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22009684

California Regional Multiple Listing Service (CRMLS)

APN: 7131-036-028

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