NOT LISTED FOR SALE

3263 N Park Ln Long Beach, CA 90807

Memorial Heights Neighborhood

Estimated Value: $826,000 - $1,114,000

3 Beds
3 Baths
1,781 Sq Ft
$532/Sq Ft Est. Value

Last Sold September 11, 2019

Last sale price $685,000 $385 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $5,754/month

17 Days on Market

Highlights

  • Wood Flooring
  • Lawn
  • Laundry Room
  • Hughes Middle School Rated A-

About This Home

As of September 2019

We are pleased to present 3263 N Park Ln., a great duplex located in between Wrigley and Bixby Knolls. This property boasts a desirable unit mix consisting of (1) 1-bed/1-bath unit & (1) 2-bed/2-bath unit. This 1,781 square foot building was constructed in 1951 and is situated on a large 7,253 square foot lot. The property boasts two spacious units with a 3 car garage, desirable space in the front & back yard, and easy access to Freeways, Metro Line, Bus Lines, Shopping, Restaurants etc. Do not miss the chance to own this rare building in one of Long Beach’s hottest areas.

Last Agent to Sell the Property

Anthony Dimassa

Lyon Stahl Investment Real Estate, Inc. License #02025443 Listed on: 07/19/2019

Co-Listed By

Dow Chang

Haus Investments License #01904714

Last Buyer's Agent

Joshua Glaz

The Ave License #01856858

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 7,253 Sq Ft Lot
  • 1 Common Wall
  • Lawn
  • Back Yard

Parking

  • 3 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,781 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Urban Location
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 13 / H
  • Tax Tract Number 2
  • Assessor Parcel Number 7204013017

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $700
  • Trash Expense $20
  • New Taxes Expense $7,488
  • Operating Expense $8,208
  • Gross Income $45,780
  • Net Operating Income $30,792

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Memorial Heights
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7204013017
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Price Per Square Foot: 384.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Unknown
  • Trash Expense: 20.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Lawn
  • Lot Size Sq Ft: 7253.00
  • Lot Size Acres: 0.1665

Multi Family

  • Gross Income: 45780.00
  • Gross Scheduled Income: 45780.00
  • Insurance Expense: 700.00
  • Lot Size Area: 7253.0000 Square Feet
  • Net Operating Income: 30792.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 12699.00
  • Rent Control: No
  • Total Expenses: 8208.00

Tax Info

  • New Taxes Expense: 7488.00
  • Tax Block: H
  • Tax Census Tract: 5722.01
  • Tax Lot: 13
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2019
Closed on
Sep 11, 2019
Sold by
Mathews David and Mathews Marisa
Bought by
Mathews David and Mathews Marisa
Seller's Agent
Anthony Dimassa
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Joshua Glaz
The Ave
List Price
$599,999
Sold Price
$685,000
Premium/Discount to List
$85,001
14.17%
Current Estimated Value
$947,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,205
Avg. Annual Appreciation
5.29%
Original Mortgage
$707,605
Interest Rate
3.7%

Purchase Details

Listed on
Jul 19, 2019
Closed on
Aug 13, 2019
Sold by
Riddle Mark A and Riddle Laura
Bought by
Mathews David and Mathews Marisa
Seller's Agent
Anthony Dimassa
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Joshua Glaz
The Ave
List Price
$599,999
Sold Price
$685,000
Premium/Discount to List
$85,001
14.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$707,605
Interest Rate
3.7%

Purchase Details

Closed on
Mar 16, 2011
Sold by
3263 N Park Lane Trust
Bought by
Riddle Mark A and Riddle Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,601
Interest Rate
4.83%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 20, 2010
Sold by
Valle Luis M
Bought by
3263 N Park Lane Trust and Mnk Properties Management Inc

Purchase Details

Closed on
Apr 29, 2008
Sold by
Valle Luis M and Molina Roberto
Bought by
Lara Olga Lidia

Purchase Details

Closed on
Dec 2, 2005
Sold by
Valle Luis M
Bought by
Valle Luis M

Purchase Details

Closed on
Oct 22, 1999
Sold by
Lida F Eby Trust and Loydene G
Bought by
Valle Luis M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,804
Interest Rate
7.96%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 3, 1996
Sold by
Eby Lida F
Bought by
Eby Lida F and Lida F Eby 1996 Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mathews David -- --
Mathews David $685,000 First American Title Company
Riddle Mark A $389,000 Ticor Title Tustin Orange Co
3263 N Park Lane Trust $294,259 None Available
Lara Olga Lidia -- None Available
Valle Luis M -- None Available
Valle Luis M $180,000 Continental Land Title
Eby Lida F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mathews David $707,605
Previous Owner Riddle Mark A $353,601
Previous Owner Valle Luis M $178,804
Closed Valle Luis M $2,626
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2019 09/11/19 Sold $685,000 +14.2% $385 / Sq Ft
08/05/2019 08/05/19 Pending -- -- --
08/04/2019 08/04/19 For Sale $599,999 -12.4% $337 / Sq Ft
07/31/2019 07/31/19 Off Market $685,000 -- --
07/19/2019 07/19/19 For Sale $599,999 -- $337 / 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 $9,659 $749,143 $437,456 $311,687
2024 $9,659 $734,455 $428,879 $305,576
2023 $9,499 $720,055 $420,470 $299,585
2022 $8,921 $705,937 $412,226 $293,711
2021 $8,746 $692,096 $404,144 $287,952
2020 $8,724 $685,000 $400,000 $285,000
2019 $5,818 $446,761 $229,698 $217,063
2018 $5,561 $438,002 $225,195 $212,807
2016 $5,111 $420,996 $216,451 $204,545
2015 $4,907 $414,673 $213,200 $201,473
2014 $4,878 $406,551 $209,024 $197,527
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Anthony Dimassa

    Lyon Stahl Investment Real Estate, Inc.

  • Dow Chang

    Seller Co-Listing Agent in 2019

    Dow Chang

    Haus Investments

    (310) 702-5501

    23 Total Sales

    Dow Chang
    Section Image
  • Joshua Glaz

    Buyer's Agent in 2019

    Joshua Glaz

    The Ave

    (562) 413-9399

    255 Total Sales

    Joshua Glaz
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19170733

California Regional Multiple Listing Service (CRMLS)

APN: 7204-013-017

California Los Angeles County Long Beach 90807 Memorial Heights

3263 N Park Ln, Long Beach, CA

Not Listed for Sale

MultiFamily

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