NOT LISTED FOR SALE

Estimated Value: $1,385,000 - $1,614,338

10 Beds
4 Baths
3,784 Sq Ft
$391/Sq Ft Est. Value

Sale Details

Date Sold: August 11, 2020

Last sale price $1,275,000 $337 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $9,658 / mo

8 Days on Market

Highlights

  • Golf Course Community
  • Spanish Architecture
  • Park
  • City Lights View
  • No HOA
  • Central Heating

About This Home

As of August 2020

Charming Spanish-style 4 unit property that is the perfect downtown asset close to the beautiful Long Beach ocean! This is the perfect blend and balance of the endearing historical aspects, and the alluring modern aspects that make this property truly one-of-a-kind. The exterior of the building has been completely refinished with colorful style and finesse, keeping historical exterior doors and windows while updating the painting, lighting, and hardware. The entirety of the building has updated plumbing and electrical throughout. The first level consists of two units, which are both 2 bedroom and 1 bath each; while the top level consists of two additional units, which are 3 bedroom and 1 bath each. In every unit, new 7 mm waterproof vinyl flooring has been installed throughout. All new doors have been installed in every unit, as well as beautiful new hardware in the bedrooms, kitchens, and baths. Every kitchen has new shaker white cabinets, and slick quartz countertops, and brand new jet black appliances. LED canned lighting graces every unit, providing the perfect lighting to give a wonderful accent to the classic Long Beach craftsmanship. Each bath is equipped with a new vanity, highlighted by a new chrome sink, and subway tiles above each tub. New water heaters, and updated heating top off this definitively low-maintenance investment to hold for generations. 100% occupancy with all paying tenants! A perfect investment that is a bike ride away from the Long Beach ocean!

Last Agent to Sell the Property

Jeff Warren

Redfin Corporation License #02040656 Listed on: 06/23/2020

Last Buyer's Agent

Bradley Leonard

Kathryn L Leonard License #02102032

Range of Values:

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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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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • 2,358 Sq Ft Lot
  • No Common Walls
  • Level Lot

Home Design

  • Spanish Architecture
  • Turnkey
  • Slab Foundation

Interior Spaces

  • 3,784 Sq Ft Home
  • Entryway
  • Vinyl Flooring
  • City Lights Views
  • Microwave
  • Laundry in unit

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 4 / 11
  • Tax Tract Number 5758
  • Assessor Parcel Number 7272011018

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Willmore District Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Park
  • Bike Trail

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Trash Expense $500
  • New Taxes Expense $15,576
  • Operating Expense $19,981
  • Gross Income $95,760
  • Net Operating Income $75,779

Property Details

Home Type

Multi-Family

Year Built

Built in 1922 | Remodeled

Lot Details

2,358 Sq Ft Lot

Listing Details

  • CapRate: 5.83
  • Inclusions: Stove, Microwave, Stove - In Each Unit
  • Property Attached: No
  • Road Surface Type: Maintained, Paved
  • Subdivision Name Other: Willmore District (WM)
  • View: Yes
  • Zoning: LBPD10
  • Architectural Style: Spanish
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7272011018
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 336.95
  • Room Type: Entry, Kitchen

Exterior Features

  • Foundation: Slab
  • View: City Lights
  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Microwave
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Golf, Park, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 2358.00
  • Lot Size Acres: 0.0541

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 95760.00
  • Gross Scheduled Income: 95760.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 2358.0000 Square Feet
  • Net Operating Income: 75779.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 19981.00
  • Rent Control: No
  • Total Actual Rent: 7980.00
  • Total Expenses: 19981.00

Tax Info

  • New Taxes Expense: 15576.00
  • Tax Block: 11
  • Tax Census Tract: 5758.02
  • Tax Lot: 4
  • Tax Tract: 11934
  • Tax Tract Number: 5758

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

Closed on
Jul 15, 2023
Sold by
Bought by
Current Estimated Value
$1,477,835

Purchase Details

Listed on
Jun 23, 2020
Closed on
Jul 8, 2020
Sold by
Bought by
Seller's Agent
Jeff Warren
Redfin Corporation
Buyer's Agent
Bradley Leonard
Kathryn L Leonard
List Price
$1,298,000
Sold Price
$1,275,000
Premium/Discount to List
-$23,000
-1.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.48%
Original Mortgage
$956,250
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2019
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
$805,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2019
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
$805,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2018
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
$123,150
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 4, 2003
Sold by
Bought by

Purchase Details

Closed on
Aug 15, 2002
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
$276,000
Interest Rate
6.22%

Purchase Details

Closed on
Apr 26, 2002
Sold by
Bought by

Purchase Details

Closed on
Jun 21, 2001
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
$217,000
Interest Rate
7.14%

Purchase Details

Closed on
Jun 7, 2000
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
$160,200
Interest Rate
8.32%

Purchase Details

Closed on
Nov 29, 1999
Sold by
Bought by

Purchase Details

Closed on
Oct 29, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 20, 1998
Sold by
Bought by

Purchase Details

Closed on
May 15, 1998
Sold by
Bought by

Purchase Details

Closed on
Dec 16, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Willmore, CA

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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
-- None Listed On Document
$1,275,000 First American Title Company
-- Fidelity National Title Co
-- Fidelity National Title Co
-- Accommodation
$821,000 Lawyers Title
$875,000 First American Title Co
$345,000 --
$3,000 --
-- United Title Company
$178,000 Lawyers Title
$169,900 United Title
$192,000 Equity Title Company
$320,000 Equity Title
$90,000 --
$128,000 Lawyers Title Company
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
Previous Owner $956,250
Previous Owner $805,000
Previous Owner $123,150
Previous Owner $615,750
Previous Owner $615,750
Previous Owner $250,000
Previous Owner $317,000
Previous Owner $276,000
Previous Owner $217,000
Previous Owner $160,200
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
08/11/2020 08/11/20 Sold $1,275,000 -1.8% $337 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
06/23/2020 06/23/20 For Sale $1,298,000 -- $343 / Sq Ft
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 $18,427 $1,380,099 $898,418 $481,681
2024 $17,616 $1,353,039 $880,802 $472,237
2023 $17,320 $1,326,510 $863,532 $462,978
2022 $16,252 $1,300,500 $846,600 $453,900
2021 $15,924 $1,275,000 $830,000 $445,000
2020 $12,733 $1,000,020 $703,800 $296,220
2019 $12,584 $980,420 $690,000 $290,420
2018 $5,977 $439,554 $127,282 $312,272
2017 $5,914 $430,525 $124,787 $305,738
2016 $5,485 $422,085 $122,341 $299,744
2015 $5,274 $415,746 $120,504 $295,242
2014 $5,254 $407,603 $118,144 $289,459
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20121085

California Regional Multiple Listing Service (CRMLS)

APN: 7272-011-018

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