NOT LISTED FOR SALE

Estimated Value: $2,079,230 - $2,344,000

4 Beds
4 Baths
2,585 Sq Ft
$841/Sq Ft Est. Value

Last Sold February 11, 2022

Last sale price $1,975,000 $764 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $14,370/month

33 Days on Market

Highlights

  • Ocean View
  • Roof Top Spa
  • No HOA
  • Naples Bayside Academy Rated A
  • Wood Flooring
  • Walk-In Closet

About This Home

As of February 2022

Fantastic opportunity to own a Trophy property on the Beautiful Long Beach Peninsula! This 3 unit property, just steps from the beach, offers a 3 bedroom 3 bathroom, 2 story owners unit, featuring wood floors, vaulted ceilings, a chef's kitchen, and large master retreat with spa tub. Property also features a spacious 1 bedroom 1, bathroom unit with vaulted ceilings, a cozy studio, on site laundry and a third floor roof top deck complete with a Spa and Views of the Bay & Ocean! This income property that was totally rebuild and had an addition with permits in 2007. Perfect for an Owner to live in one and rent the others or an investor to rent all 3. ** More Photos to follow**

Last Agent to Sell the Property

Gilbert Suniga

First Team Real Estate License #01933225 Listed on: 12/09/2021

First Team Real Estate

Last Buyer's Agent

Amanda Long

Imperial Properties License #02107151

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,994

Year Built

  • Built in 1947

Lot Details

  • 2,413 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Property Views

  • Ocean
  • Bay

Home Design

  • Property Attached
  • Fire Rated Drywall
  • Stone Siding
  • Stucco

Interior Spaces

  • 2,585 Sq Ft Home
  • 3-Story Property
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Laundry Room

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Additional Features

  • Roof Top Spa
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 9 / 25
  • Tax Tract Number 5500
  • Assessor Parcel Number 7245025009
  • $523 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Peninsula Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $4,300
  • Fuel Expense $800
  • Insurance Expense $2,200
  • Professional Management Expense $5,032
  • Trash Expense $300
  • Water Sewer Expense $1,000
  • Operating Expense $11,533
  • Gross Income $92,252
  • Net Operating Income $80,252

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,994

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 650000
  • Professional Management Expense: 5032.00
  • Property Attached: Yes
  • Subdivision Name Other: Peninsula (PI)
  • View: Yes
  • Water Sewer Expenses: 1000.00
  • Zoning: LBR2I
  • Property Type: Residential Income
  • Parcel Number: 7245025009
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 3
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Vinyl, Wood
  • Fireplace Features: Family Room, Living Room
  • Levels: Three Or More
  • Price Per Square Foot: 764.02
  • Room Type: Walk-In Closet
  • Spa Features: Private, Roof Top

Exterior Features

  • View: Bay, Ocean
  • Pool Private: No
  • Spa: Yes
  • Construction Materials: Drywall Walls, Stone, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Forced Air
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2413.00
  • Lot Size Acres: 0.0554

Rental Info

  • Tenant Pays: None

Multi Family

  • Average1 Bed Area: 576 Square Feet
  • Average3 Bed Area: 1769 Square Feet
  • Average Studio Area: 240 Square Feet
  • Electric Expense: 4300.00
  • Fuel Expense: 800.00
  • Gross Income: 92252.00
  • Gross Scheduled Income: 92252.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 2413.0000 Square Feet
  • Net Operating Income: 80252.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number With Patio: 1
  • Number With Refrigerator: 3
  • Operating Expense: 12000.00
  • Rent Control: No
  • Total Actual Rent: 7675.00
  • Total Expenses: 11533.00

Tax Info

  • Tax Block: 25
  • Tax Census Tract: 5775.04
  • Tax Lot: 9
  • Tax Tract Number: 5500
  • TaxOtherAnnualAssessmentAmount: 523.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2021
Closed on
Feb 4, 2022
Sold by
Khorram and Erin
Bought by
Erin And Takin Khorram Living Trust
Seller's Agent
Gilbert Suniga
First Team Real Estate
Buyer's Agent
Amanda Long
Imperial Properties
List Price
$1,950,000
Sold Price
$1,975,000
Premium/Discount to List
$25,000
1.28%
Total Days on Market
33
Current Estimated Value
$2,174,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,058
Avg. Annual Appreciation
4.75%
Original Mortgage
$1,481,250
Interest Rate
3.56%

Purchase Details

Listed on
Dec 9, 2021
Closed on
Dec 28, 2021
Sold by
Kristina M Orliczky Living Trust
Bought by
Khorram Takin and Khorram Erin
Seller's Agent
Gilbert Suniga
First Team Real Estate
Buyer's Agent
Amanda Long
Imperial Properties
List Price
$1,950,000
Sold Price
$1,975,000
Premium/Discount to List
$25,000
1.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,481,250
Interest Rate
3.56%

Purchase Details

Closed on
Apr 9, 2021
Sold by
Orliczky Kristina M
Bought by
Orliczky Kristina M

Purchase Details

Listed on
Feb 26, 2018
Closed on
Jul 25, 2018
Sold by
Orliczky Kristina
Bought by
Orliczky Kristina M and The Vilmos And Kristina M Orli
Seller's Agent
Mohsen Shahbani
Coldwell Banker Realty
Buyer's Agent
Gilbert Suniga
First Team Real Estate
List Price
$1,695,000
Sold Price
$1,650,000
Premium/Discount to List
-$45,000
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.91%

Purchase Details

Listed on
Feb 26, 2018
Closed on
May 4, 2018
Sold by
Mastandrea Mark and Mark Mastandrea Living Trust
Bought by
Orliczky Kristina
Seller's Agent
Mohsen Shahbani
Coldwell Banker Realty
Buyer's Agent
Gilbert Suniga
First Team Real Estate
List Price
$1,695,000
Sold Price
$1,650,000
Premium/Discount to List
-$45,000
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2010
Sold by
Mastandrea Mark
Bought by
Mastandrea Mark and Mark Mastandrea Living Trust
Source: Public Records

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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
Erin And Takin Khorram Living Trust -- Western Resources Title
Khorram Takin $1,975,000 Western Resources Title
Orliczky Kristina M -- None Available
Orliczky Kristina M -- None Available
Orliczky Kristina $1,650,000 Ticor Title Company Of Calif
Mastandrea Mark -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Khorram Takin $1,481,250
Previous Owner Orliczky Kristina $600,000
Previous Owner Mastandrea Mark $923,800
Previous Owner Mastandrea Mark A $350,000
Previous Owner Mastandrea Mark $77,600
Previous Owner Lynch James M $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2022 02/11/22 Sold $1,975,000 +1.3% $764 / Sq Ft
12/09/2021 12/09/21 For Sale $1,950,000 +18.2% $754 / Sq Ft
06/21/2018 06/21/18 Sold $1,650,000 -2.4% $639 / Sq Ft
04/15/2018 04/15/18 Price Changed $1,690,000 -0.3% $655 / Sq Ft
02/26/2018 02/26/18 For Sale $1,695,000 -- $656 / 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
2024 $25,994 $2,054,790 $1,331,712 $723,078
2023 $25,647 $2,014,500 $1,305,600 $708,900
2022 $21,599 $1,769,132 $1,233,032 $536,100
2021 $21,189 $1,734,444 $1,208,855 $525,589
2020 $21,135 $1,717,120 $1,196,460 $520,660
2019 $20,886 $1,683,460 $1,173,000 $510,460
2018 $11,320 $906,383 $669,763 $236,620
2016 $10,413 $870,747 $643,756 $226,991
2015 $9,990 $857,669 $634,087 $223,582
2014 $9,919 $840,870 $621,667 $219,203
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21255558

California Regional Multiple Listing Service (CRMLS)

APN: 7245-025-009