NOT LISTED FOR SALE

321 W 17th St Long Beach, CA 90813

Washington School Neighborhood

Estimated Value: $796,000 - $924,000

5 Beds
2 Baths
2,152 Sq Ft
$399/Sq Ft Est. Value

Last Sold January 07, 2022

Last sale price $745,000 $346 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,345/month

3 Days on Market

Highlights

  • Laundry Room
  • 2 Car Garage
  • Front Yard

About This Home

As of January 2022

Great investment opportunity to own this two-story, 2 unit building in Long Beach. The front downstairs home is a two bedroom, one bathroom unit with a bonus room and added dining room area that steps out to your large patio; it has been partially upgraded and is very spacious. The upstairs unit can also be accessed through the front of the building. It has two bedrooms and one bathroom, its own laundry area and second entrance in the back along with a large balcony. There is plenty of storage including a shed in the back behind your two car garage. Walking distance to the metro station on Long Beach Blvd., shops, restaurants and a bike ride away to Downtown Long Beach. Set your own market rents as both units will be delivered vacant! Don't miss this opportunity.

Last Agent to Sell the Property

Gia Silva

INTI Realty License #01408839 Listed on: 10/21/2021

Last Buyer's Agent

Elliot Williams

Clean Slate CA Inc. License #02038907

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 4,135 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 2,152 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Legal Lot and Block 20 / 3
  • Assessor Parcel Number 7269036026
  • $464 per year additional tax assessments

Community Details

Overview

  • 2 Units
  • Downtown Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $21,000
  • Gross Income $60,000
  • Net Operating Income $39,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.31
  • Property Attached: No
  • Subdivision Name Other: Downtown (DT)
  • Zoning: LBR4N
  • Property Type: Residential Income
  • Parcel Number: 7269036026
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 346.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 4135.00
  • Lot Size Acres: 0.0949

Multi Family

  • Gross Income: 60000.00
  • Gross Multiplier: 12.25
  • Gross Scheduled Income: 60000.00
  • Lot Size Area: 4135.0000 Square Feet
  • Net Operating Income: 39000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 21000.00
  • Rent Control: No
  • Total Expenses: 21000.00

Tax Info

  • Tax Block: 3
  • Tax Census Tract: 5754.01
  • Tax Lot: 20
  • TaxOtherAnnualAssessmentAmount: 464.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2021
Closed on
Nov 16, 2021
Sold by
Saavedra Alarcon Alberto A
Bought by
Quiette Brittany R and Quiette Brandi
Seller's Agent
Gia Silva
INTI Realty
Buyer's Agent
Elliot Williams
Clean Slate CA Inc.
List Price
$735,000
Sold Price
$745,000
Premium/Discount to List
$10,000
1.36%
Current Estimated Value
$858,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,826
Avg. Annual Appreciation
3.66%
Original Mortgage
$731,506
Interest Rate
3.12%
Mortgage Type
FHA

Purchase Details

Closed on
May 20, 2020
Sold by
Saavedra Alberto A and Saavedra Alberto A
Bought by
Alarcon Alberto A Saavedra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,500
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2019
Sold by
Saavedra Alberto A and Saavedra Maria
Bought by
Saavedra Alberto A

Purchase Details

Closed on
Oct 16, 2001
Sold by
Ramos Francisco
Bought by
Saavedra Alberto and Saavedra Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,905
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 6, 2001
Sold by
Aguirre Dolores
Bought by
Ramos Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,905
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2000
Sold by
Ramirez Jesus
Bought by
Aguirre Dolores

Purchase Details

Closed on
Apr 21, 1998
Sold by
Keam Sakphan
Bought by
Ramirez Jesus and Aguirre Dolores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,426
Interest Rate
6.93%
Mortgage Type
FHA
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
Quiette Brittany R $745,000 Old Republic Title
Alarcon Alberto A Saavedra -- Servicelink
Saavedra Alberto A -- Western Resources Title Co
Saavedra Alberto $180,000 American Title Co
Ramos Francisco -- American Title Co
Aguirre Dolores -- --
Ramirez Jesus $120,000 South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Quiette Brittany R $731,506
Previous Owner Alarcon Alberto A Saavedra $359,500
Previous Owner Saavedra Alberto $170,905
Previous Owner Ramos Francisco $170,905
Previous Owner Ramirez Jesus $119,426
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2022 01/07/22 Sold $745,000 +1.4% $346 / Sq Ft
10/24/2021 10/24/21 Pending -- -- --
10/21/2021 10/21/21 For Sale $735,000 -- $342 / 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 $10,134 $790,599 $424,483 $366,116
2024 $10,134 $775,098 $416,160 $358,938
2023 $9,966 $759,900 $408,000 $351,900
2022 $3,476 $250,558 $111,357 $139,201
2021 $3,396 $245,646 $109,174 $136,472
2020 $3,386 $243,468 $108,055 $135,413
2019 $3,348 $238,702 $105,937 $132,765
2018 $3,190 $234,029 $103,860 $130,169
2016 $2,927 $224,617 $99,828 $124,789
2015 $2,815 $221,244 $98,329 $122,915
2014 $2,805 $216,911 $96,403 $120,508
Source: Public Records

Agents Affiliated with this Home

  • Gia Silva

    Seller's Agent in 2022

    Gia Silva

    INTI Realty

    (562) 572-4978

    1 in this area

    85 Total Sales

    Gia Silva
    Section Image

  • E

    Buyer's Agent in 2022

    Elliot Williams

    Clean Slate CA Inc.

    (323) 505-8259

    1 in this area

    17 Total Sales

    Elliot Williams
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21232906

California Regional Multiple Listing Service (CRMLS)

APN: 7269-036-026

California Los Angeles County Long Beach 90813 Washington School

321 W 17th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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