NOT LISTED FOR SALE

321 E Peace St Unit 2 Long Beach, CA 90805

Addams Neighborhood

Estimated Value: $1,010,000 - $1,142,000

6 Beds
4 Baths
2,270 Sq Ft
$474/Sq Ft Est. Value

Last Sold August 10, 2020

Last sale price $775,000 $341 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $6,750/month

1 Day on Market

Highlights

  • 2 Car Garage
  • Neighborhood Views
  • Double Pane Windows
  • Granite Countertops
  • Galley Kitchen
  • Living Room

About This Home

As of August 2020

Great New Listing in the Beautiful City of Long Beach!!! This is a must see property 3 Bedroom 1.5 Bath Each Unit. Perfect for a family that wants to live in one unit and rent the other. Property has been recently updated as well with: Newer roof, stucco, plumbing, fence, kitchen cabinets, sewer lines, etc. Sides tenants is willing to relocate as well we would just need to give them a 60 day notice on a accepted offer.

Last Agent to Sell the Property

Edmar Costa

Century 21 Realty Masters License #01474018 Listed on: 06/30/2020

Century 21 Realty Masters

Last Buyer's Agent

Edmar Costa

Century 21 Realty Masters License #01474018 Listed on: 06/30/2020

Century 21 Realty Masters

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,754

Year Built

  • Built in 1969 | Remodeled

Lot Details

  • 3,987 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Brick Fence
  • Back Yard

Parking

  • 2 Car Garage

Home Design

  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 2,270 Sq Ft Home
  • Double Pane Windows
  • Sliding Doors
  • Living Room
  • Tile Flooring
  • Neighborhood Views

Kitchen

  • Galley Kitchen
  • Electric Range
  • Granite Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Air
  • Heating Available
  • Natural Gas Not Available

Listing and Financial Details

  • Tax Lot 2219
  • Tax Tract Number 5134
  • Assessor Parcel Number 7133006023

Community Details

Overview

  • 2 Units

Recreation

  • Park
  • Dog Park

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,180
  • Trash Expense $55
  • Water Sewer Expense $55
  • New Taxes Expense $3,600
  • Operating Expense $5,890
  • Gross Income $23,580
  • Net Operating Income $16,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,754

Year Built

Built in 1969 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 55.00
  • Zoning: LBR1N
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7133006023
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full, Granite Counters
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 341.41
  • Room Type: All Bedrooms Up, Galley Kitchen, Kitchen, Laundry, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Other Structures: Second Garage Attached
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Brick, Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Not Available, Sewer Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range
  • Heating Type: Electric
  • Laundry Features: Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 55.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Dog Park, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 3987.00
  • Lot Size Acres: 0.0915

Multi Family

  • Gross Income: 23580.00
  • Gross Scheduled Income: 23580.00
  • Insurance Expense: 2180.00
  • Lot Size Area: 3987.0000 Square Feet
  • Net Operating Income: 16380.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7200.00
  • Rent Control: No
  • Total Expenses: 5890.00

Tax Info

  • New Taxes Expense: 3600.00
  • Tax Census Tract: 5717.04
  • Tax Lot: 2219
  • Tax Tract Number: 5134

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2020
Closed on
Jul 6, 2020
Sold by
Chapman Benjamin L and Chapman Sue Ann
Bought by
Liew Curtis Sheldon
Seller's Agent
Edmar Costa
Century 21 Realty Masters
Buyer's Agent
Edmar Costa
Century 21 Realty Masters
List Price
$775,000
Sold Price
$775,000
Current Estimated Value
$1,076,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,405
Avg. Annual Appreciation
5.55%
Original Mortgage
$578,750
Outstanding Balance
$515,479
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$503,223

Purchase Details

Closed on
Aug 10, 2016
Sold by
Murray Chapman Sue Ann
Bought by
Chapman Benjamin L and Chapman Sue Ann Murray

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2013
Sold by
Murray Chapman Sue Ann
Bought by
Murray Chapman Sue Ann and Chapman Benjamin Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2007
Sold by
Murray Chapman Sue Ann
Bought by
Murray Chapman Sue Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2004
Sold by
Murray Chapman Sue A and Chapman Benjamin
Bought by
Murray Chapman Sue Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,900
Interest Rate
5.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 2001
Sold by
Chapman Benjamin L
Bought by
Chapman Sue A
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Liew Curtis Sheldon $775,000 Wfg National Title Co Of Ca
Chapman Benjamin L -- Pacific Coast Title
Murray Chapman Sue Ann -- None Available
Murray Chapman Sue Ann -- Old Republic Title Company
Murray Chapman Sue Ann -- Orange Coast Title Of Los An
Chapman Sue A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liew Curtis Sheldon $578,750
Previous Owner Chapman Benjamin L $534,187
Previous Owner Chapman Benjamin L $400,000
Previous Owner Murray Chapman Sue Ann $315,000
Previous Owner Murray Chapman Sue Ann $417,000
Previous Owner Chapman Sue A $200,000
Previous Owner Murray Chapman Sue Ann $168,900
Previous Owner Chapman Benjamin Lee $23,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2020 08/10/20 Sold $775,000 0.0% $341 / Sq Ft
07/03/2020 07/03/20 For Sale $775,000 0.0% $341 / Sq Ft
07/02/2020 07/02/20 Off Market $775,000 -- --
07/02/2020 07/02/20 Pending -- -- --
06/30/2020 06/30/20 For Sale $775,000 -- $341 / 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 $10,754 $838,883 $324,729 $514,154
2024 $10,754 $822,435 $318,362 $504,073
2023 $10,576 $806,310 $312,120 $494,190
2022 $9,929 $790,500 $306,000 $484,500
2021 $9,729 $775,000 $300,000 $475,000
2020 $3,940 $294,003 $88,192 $205,811
2019 $3,894 $288,239 $86,463 $201,776
2018 $3,724 $282,588 $84,768 $197,820
2016 $3,409 $271,617 $81,477 $190,140
2015 $3,277 $267,538 $80,254 $187,284
2014 $3,261 $262,298 $78,682 $183,616
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20126226

California Regional Multiple Listing Service (CRMLS)

APN: 7133-006-023