NOT LISTED FOR SALE

Estimated Value: $1,355,000 - $1,850,000

5 Beds
5 Baths
2,510 Sq Ft
$634/Sq Ft Est. Value

Last Sold October 27, 2020

Last sale price $1,275,000 $508 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $10,103/month

32 Days on Market

Highlights

  • Gated Community
  • Contemporary Architecture
  • Private Yard
  • Woodrow Wilson High School Rated A
  • Wood Flooring
  • Tile Countertops

About This Home

As of October 2020

Look no further !!! This is the perfect turnkey investment property for you. Live in one and rent the others. Beautiful updated 4-units located in a desirable area in Long Beach, close to the beach, close to shopping and eating near the circle. The property offers a great floor plan for all units. There is one unit 2 bedrooms / 2 baths and the other three units 1 bedroom/ 1 bath. Three of the units have been fully upgraded with gorgeous quarts counters, Italian tile flooring, recessed lighting, stainless steel appliances, tankless water heating system, plumbing recently updated, new wall heaters, brand new top of the line vinyl windows, updated electrical. There is a common area with BBQ and fire pit, fully gated secure, 3 car-garage, 2 compact parking pads and possibly 7 cars parking. Also coin laundry on the premises for extra income. Too many others upgraded to mention. Great location. Don't miss this investment opportunity !!!

Last Agent to Sell the Property

Jennifer Tang

Keller Williams Luxury License #01959316 Listed on: 07/02/2020

Keller Williams Luxury

Last Buyer's Agent

Jenny Dang

Vui Group License #01438974

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,412

Year Built

  • Built in 1953 | Remodeled

Lot Details

  • 6,751 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Private Yard

Parking

  • 2 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Contemporary Architecture
  • Quadruplex
  • Copper Plumbing

Interior Spaces

  • 2,510 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Tile Countertops
  • Laundry Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Tankless Water Heater

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 575103
  • Assessor Parcel Number 7259004006

Community Details

Overview

  • 4 Units
  • Eastside Subdivision

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Fuel Expense $360
  • Gardener Expense $1,440
  • Water Sewer Expense $720
  • New Taxes Expense $14,289
  • Operating Expense $17,529
  • Gross Income $84,000
  • Net Operating Income $66,471

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,412

Year Built

Built in 1953 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.00
  • Property Attached: Yes
  • Security: Gated Community
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 720.00
  • Zoning: LBR2N
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 7259004006
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Interior Amenities: Copper Plumbing Full, Recessed Lighting, Tile Counters
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 507.97

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Tankless Water Heater
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet, Yard
  • Lot Size Sq Ft: 6751.00
  • Lot Size Acres: 0.1550

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average2 Bed Area: 1000 Square Feet
  • Electric Expense: 720.00
  • Fuel Expense: 360.00
  • Gross Income: 84000.00
  • Gross Scheduled Income: 84000.00
  • Lot Size Area: 6751.0000 Square Feet
  • Net Operating Income: 66471.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes
  • Total Expenses: 17529.00

Tax Info

  • New Taxes Expense: 14289.00
  • Tax Census Tract: 5751.03
  • Tax Lot: 5
  • Tax Tract Number: 575103

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2022
Sold by
Quoc Le Bao
Bought by
Nguyen Ngoc Thi
Current Estimated Value
$1,591,043

Purchase Details

Closed on
Nov 23, 2021
Sold by
Quoc Le Bao
Bought by
Nguyen Ngoc Thi

Purchase Details

Closed on
May 4, 2021
Sold by
Le Bao Quoc
Bought by
Le Bao Quoc and Nguyen Ngoc Thi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$824,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 7, 2020
Sold by
Ramirez William and Ramirez William
Bought by
Le Bao Quoc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$795,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 11, 2017
Closed on
Jul 18, 2017
Sold by
Pabst Kolby G
Bought by
Ramirez William
Seller's Agent
Spencer Pabst
Pabst, Kinney & Associates
Buyer's Agent
Matthew Firth
Matthew Firth, Broker
List Price
$795,000
Sold Price
$780,000
Premium/Discount to List
-$15,000
-1.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.21%
Original Mortgage
$765,872
Interest Rate
3.96%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 3, 2013
Sold by
Pabst George H and Pabst Kristie Kinney
Bought by
Pabst Kolby G and Pabst Specner L

Purchase Details

Closed on
Jun 30, 2011
Sold by
Pabst George H and Kinney Pabst Kristie M
Bought by
Pabst George H and Pabst Kristie Kinney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
4.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2007
Sold by
Pabst George H and Kinney Pabst Kristie M
Bought by
Pabst George H

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
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2002
Sold by
Pabst George H and Pabst Kristie Kinney
Bought by
Pabst George H

Purchase Details

Closed on
Dec 15, 1993
Sold by
Keenan Kenneth R and Keenan Shirley D
Bought by
Pabst George H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,300
Interest Rate
7.09%

Purchase Details

Closed on
Aug 16, 1993
Sold by
Andrade Alejandro and Andrade Guadalupe
Bought by
Keenan Kenneth R
Source: Public Records

Range of Values:

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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
Nguyen Ngoc Thi -- Accommodation/Courtesy Recordi
Nguyen Ngoc Thi -- Accommodation/Courtesy Recordi
Le Bao Quoc -- Accommodation
Le Bao Quoc $1,275,000 Lawyers Title
Ramirez William $780,000 Fidelity National Title Co
Pabst Kolby G -- None Available
Pabst George H -- Fidelity National Title Co
Pabst George H -- Fidelity National Title Co
Pabst George H -- Accommodation
Pabst George H -- Fidelity National Title Co
Pabst George H -- Fidelity Title
Pabst George H $159,000 Continental Lawyers Title Co
Keenan Kenneth R $140,000 Continental Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Le Bao Quoc $824,500
Previous Owner Le Bao Quoc $795,000
Previous Owner Le Bao Quoc $795,000
Previous Owner Ramirez William $800,000
Previous Owner Ramirez William $850,000
Previous Owner Ramirez William $765,872
Previous Owner Pabst George H $393,750
Previous Owner Pabst George H $400,000
Previous Owner Pabst George H $111,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2020 10/27/20 Sold $1,275,000 -1.8% $508 / Sq Ft
08/03/2020 08/03/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $1,299,000 +66.5% $518 / Sq Ft
08/17/2017 08/17/17 Sold $780,000 -1.9% $311 / Sq Ft
07/19/2017 07/19/17 Pending -- -- --
07/11/2017 07/11/17 For Sale $795,000 -- $317 / 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 $17,412 $1,353,039 $848,966 $504,073
2024 $17,412 $1,326,510 $832,320 $494,190
2023 $17,115 $1,300,500 $816,000 $484,500
2022 $16,368 $1,300,500 $918,000 $382,500
2021 $16,044 $1,275,000 $900,000 $375,000
2020 $10,596 $811,512 $520,200 $291,312
2019 $10,472 $795,600 $510,000 $285,600
2018 $10,154 $780,000 $500,000 $280,000
2016 $3,504 $244,070 $143,571 $100,499
2015 $3,378 $240,405 $141,415 $98,990
2014 $3,376 $235,696 $138,645 $97,051
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20128263

California Regional Multiple Listing Service (CRMLS)

APN: 7259-004-006