NOT LISTED FOR SALE

Estimated Value: $762,000 - $873,000

3 Beds
4 Baths
1,554 Sq Ft
$527/Sq Ft Est. Value

Last Sold July 17, 2023

Last sale price $759,000 $488 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $5,105/month

71 Days on Market

Highlights

  • Laundry Room
  • 2-minute walk to Pacific Coast Highway Station
  • Front Yard
  • Long Beach Polytechnic High School Rated A
  • Wall Furnace
  • 1-Story Property

About This Home

As of July 2023

Back on the Market! Amazing opportunity to own this income producing Duplex in Poly High. The Front House is 2 Bedrooms and 3 Bathrooms, the Back Unit is 1 Bedroom 1 Bathroom. Front House was recently Remodeled with Laminate Floors, Plantation Shutters, New Roof, New Windows and Front Door, Updated Bathrooms and Kitchen. Street to Alley lot with long driveway in the front and back of the property. 2 Car tandem garage and lots of extra parkings. Both units will be delivered vacant at the close of escrow. Perfect Owner User opportunity or Investment Property. Close to public transportation, shops, and restaurants.

Last Agent to Sell the Property

Tamas Batyi

Compass License #02053534 Listed on: 04/18/2023

Compass

Last Buyer's Agent

Roberto Rivas Cortes

Vismar Real Estate License #01977243

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 5,799 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 4 Open Parking Spaces
  • 1 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor
  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 1,554 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 2
  • Assessor Parcel Number 7209007018

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Poly High Subdivision

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $1,000
  • Water Sewer Expense $1,000
  • New Taxes Expense $8,500
  • Operating Expense $12,000
  • Gross Income $56,400
  • Net Operating Income $44,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

0

Parking

1

Listing Details

  • CapRate: 5.90
  • Property Attached: No
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 1000.00
  • Zoning: LBPD29
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7209007018
  • Year Built: 1913
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 488.42

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • 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: 5799.00
  • Lot Size Acres: 0.1331

Multi Family

  • Gross Income: 56400.00
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 5799.0000 Square Feet
  • Net Operating Income: 44400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 12000.00
  • Rent Control: No
  • Total Expenses: 12000.00

Tax Info

  • New Taxes Expense: 8500.00
  • Tax Census Tract: 5732.02
  • Tax Lot: 20
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2023
Closed on
Jun 30, 2023
Sold by
Nguyen Robert
Bought by
Andrade Jessica J
Seller's Agent
Tamas Batyi
Compass
Buyer's Agent
Roberto Rivas Cortes
Vismar Real Estate
List Price
$759,000
Sold Price
$759,000
Views
135
Current Estimated Value
$818,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,765
Avg. Annual Appreciation
3.12%
Original Mortgage
$745,252
Outstanding Balance
$724,220
Interest Rate
5.87%
Mortgage Type
FHA
Estimated Equity
$94,545

Purchase Details

Closed on
Oct 24, 1995
Sold by
Federal National Mortgage Association
Bought by
Nguyen Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
7.42%

Purchase Details

Closed on
Aug 25, 1995
Sold by
Dao Yen Quang and Nguyen Nga Thi
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
7.42%
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
Andrade Jessica J $759,000 First American Title
Nguyen Robert $115,000 Fidelity National Title Ins
Federal National Mortgage Association $94,500 Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andrade Jessica J $745,252
Previous Owner Nguyen Robert $86,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2023 07/17/23 Sold $759,000 0.0% $488 / Sq Ft
06/28/2023 06/28/23 Pending -- -- --
06/13/2023 06/13/23 For Sale $759,000 0.0% $488 / Sq Ft
05/11/2023 05/11/23 Pending -- -- --
05/10/2023 05/10/23 For Sale $759,000 0.0% $488 / Sq Ft
05/04/2023 05/04/23 Pending -- -- --
04/27/2023 04/27/23 Price Changed $759,000 -8.6% $488 / Sq Ft
04/18/2023 04/18/23 For Sale $830,000 -- $534 / 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 $9,925 $774,180 $542,640 $231,540
2024 $9,925 $759,000 $532,000 $227,000
2023 $2,785 $183,601 $111,759 $71,842
2022 $2,629 $180,002 $109,568 $70,434
2021 $2,568 $176,473 $107,420 $69,053
2020 $2,561 $174,664 $106,319 $68,345
2019 $2,532 $171,240 $104,235 $67,005
2018 $2,365 $167,884 $102,192 $65,692
2016 $2,174 $161,367 $98,225 $63,142
2015 $2,093 $158,944 $96,750 $62,194
2014 $2,090 $155,831 $94,855 $60,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23065163

California Regional Multiple Listing Service (CRMLS)

APN: 7209-007-018