NOT LISTED FOR SALE

Estimated Value: $1,090,000 - $1,348,000

6 Beds
4 Baths
3,423 Sq Ft
$367/Sq Ft Est. Value

Last Sold January 26, 2021

Last sale price $940,000 $275 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $7,714/month

35 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Gated Parking
  • Two Story Ceilings
  • Hughes Middle School Rated A-
  • Open Floorplan
  • Furnished

About This Home

As of January 2021

Massive and fantastic duplex for selling in a great location, highly sought of Memorial Heights at Bixby Knolls. 3,423 sq ft living area and 7,797 sq ft lot. Live in one house and rent the other, or perfect for two families wanting to live and qualify together for a loan, or investment opportunity with great rental potential. Both houses three bedrooms and two full bathrooms each, independent meter for utilities like electricity, water. First house is 1,176 sq ft living area and features three bedrooms with master room, two full bathrooms, big living rooms, open floor plan, attached two car garages with drive way for more parking cars, laundry hook-ups at the garage. The second house is 2,247 sq ft living area. Two stores in one side. The dining room can be accessed by a French door with ramp; two brick fireplaces. One at the dining and one at living room. It is so cozy, just imagine how beautiful it will be for you and your family gatherings in Christmas. One bedroom is at the first floor and two bedrooms upstairs. One of them is huge, and there is room to turn it in a fabulous master room; attached two car garages with driveway. Property can be accessed by the ally also. More, easy access to 405, 710, and 91 freeways, Metro line, businesses, restaurants, malls, schools, colleges, universities, and more here in Long Beach. This great duplex has it all in need of “TLC” and cosmetic updates to make it yours.

Last Agent to Sell the Property

Graciela Rodriguez

GR Realty & Investments Inc. License #01872138 Listed on: 11/12/2020

Last Buyer's Agent

Ramon Acosta

Circle Real Estate License #02084368

Circle Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,797 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Privacy Fence
  • Wood Fence
  • Block Wall Fence
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • 6 Open Parking Spaces
  • Attached Carport
  • Parking Available
  • Front Facing Garage
  • Rear-Facing Garage
  • Single Garage Door
  • Driveway
  • Gated Parking
  • Parking Lot

Home Design

  • Duplex
  • Cosmetic Repairs Needed
  • Brick Exterior Construction
  • Slab Foundation
  • Fire Rated Drywall

Interior Spaces

  • 3,423 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Furnished
  • Brick Wall or Ceiling
  • Two Story Ceilings
  • Ceiling Fan
  • Fireplace Features Masonry
  • Awning
  • French Doors
  • Panel Doors
  • Formal Entry
  • Family Room
  • Living Room with Fireplace
  • Dining Room with Fireplace

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Laminate Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Accessible Home Design

  • Accessibility Features
  • Accessible Parking

Additional Homes

  • Two Homes on a Lot

Utilities

  • Evaporated cooling system
  • Central Heating
  • 220 Volts in Garage
  • TV Antenna

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 33 / E
  • Tax Tract Number 2
  • Assessor Parcel Number 7204011034

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Wrigley Area Subdivision

Recreation

  • Bike Trail

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $900
  • Operating Expense $900
  • Gross Income $22,800
  • Net Operating Income $22,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Ad Number: 562 685 2609
  • Property Attached: Yes
  • Subdivision Name Other: Wrigley Area (WR)
  • Zoning: LBR1N
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7204011034
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Brick Walls, Ceiling Fan(s), Furnished, Granite Counters, Laminate Counters, Open Floorplan, Two Story Ceilings
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Accessibility Features: Disability Features, Parking, See Remarks
  • Appliances: Yes
  • Door Features: French Doors, Panel Doors
  • Fireplace Features: Dining Room, Living Room, Masonry
  • Levels: One, Two
  • Price Per Square Foot: 274.61
  • Room Type: All Bedrooms Down, All Bedrooms Up, Family Room, Formal Entry, Kitchen, Laundry, Master Bathroom, Master Bedroom

Exterior Features

  • Foundation: Slab
  • Other Structures: Two On A Lot
  • Exterior Features: Awning(s), TV Antenna
  • Fence: Yes
  • Fencing: Block, Privacy, Wood, Wrought Iron
  • Pool Private: No
  • Spa: No
  • Construction Materials: Brick, Drywall Walls

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Attached Carport, Driveway, Concrete, Garage, Garage Faces Front, Garage Faces Rear, Garage - Single Door, Gated, Parking Space
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Available, Electricity Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas & Electric Range, Gas Range, Microwave
  • Electric: 220 Volts in Garage, Electricity - On Property
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size: 7797
  • Lot Size Sq Ft: 7797.00
  • Lot Size Acres: 0.1790

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average3 Bed Area: 6 Square Feet
  • Gross Income: 22800.00
  • Gross Operating Income: 22800.00
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 900.00
  • Lot Size Area: 7797.0000 Square Feet
  • Net Operating Income: 22800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 2000.00
  • Total Expenses: 900.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Block: E
  • Tax Census Tract: 5722.01
  • Tax Lot: 33
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2016
Sold by
Magallon Luis
Bought by
Magallon Luis
Current Estimated Value
$1,254,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2013
Sold by
Magallon Luis and The Evelyn Miller Revocable Li
Bought by
Magallon Luis
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
Magallon Luis -- First American Title Company
Magallon Luis -- None Available
Magallon Luis -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Magallon Luis $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2021 01/26/21 Sold $940,000 -2.1% $275 / Sq Ft
12/14/2020 12/14/20 Price Changed $960,000 +1.1% $280 / Sq Ft
11/12/2020 11/12/20 For Sale $949,999 -- $278 / 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 $13,665 $1,017,485 $541,216 $476,269
2024 $13,050 $997,535 $530,604 $466,931
2023 $12,837 $977,976 $520,200 $457,776
2022 $12,055 $958,800 $510,000 $448,800
2021 $11,157 $891,901 $303,365 $588,536
2020 $11,126 $882,757 $300,255 $582,502
2019 $9,962 $780,000 $265,300 $514,700
2018 $9,785 $780,000 $265,300 $514,700
2016 $7,830 $650,000 $221,100 $428,900
2015 $6,781 $575,000 $195,600 $379,400
2014 $6,864 $575,000 $195,600 $379,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20237262

California Regional Multiple Listing Service (CRMLS)

APN: 7204-011-034