NOT LISTED FOR SALE

Estimated Value: $3,135,000

5 Beds
24 Baths
16,870 Sq Ft
$186/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $1,200,000 $71 Per Sq Ft

Est. 161% increase in value since last sale

Current estimated payment $20,777/month

56 Days on Market

Highlights

  • 0.26 Acre Lot
  • Wood Flooring
  • 3-minute walk to Pacific Station

About This Home

As of December 2021

The Victor Court, located at 333 W 4th Street, in highly desirable downtown Long Beach, was built in 1919. The 6 (six) units for sale, out of 24 in the building, consists of 6 studios of approximately 500 square feet and all have original molding and built-in shelves and have shared balconies. The HOA covers all building expenses except for unit electricity. The Victor Court offers tenants immediate access to a broad selection of world-class dining, entertainment, and shopping destinations easily accessible by walking or a short drive. Retail centers within walking distance include City Place Shopping Center, The Pike Outlets, The Promenade, and Pine Square. For entertainment and recreation Shoreline Village, Aquarium of the Pacific, Alamitos Beach and the Long Beach Convention and Entertainment Center are nearby. The Victor Court is two blocks from the Blue Line Metro at the corner of4Th Street and Pacific Avenue and has easy access to the 710. Parking is available nearby at Pike Street Parking, The Varden Hotel, and in parking structures on Long Beach Blvd.

Last Agent to Sell the Property

Peter Strauss

Iconic Investments License #01335696 Listed on: 09/22/2021

Co-Listed By

Jefferson Paiz

Iconic Investments License #02131003

Last Buyer's Agent

Natasha Schultheis

Coldwell Banker Realty License #01277420

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 0.26 Acre Lot

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 16,870 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 24 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Central Water Heater

Community Details

  • 24 Units

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • Assessor Parcel Number 7280-011-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Entry Floor: 1
  • Entry Location: Ground Level w/steps
  • Living Area: 16870
  • Lot Acreage: 0.2580
  • Stories: 2
  • Year Built: 1919
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 5
  • Common Walls: Attached
  • Total Bathrooms: 24.00
  • Price Per S Q F T: 71.13

Exterior Features

  • Other Structures: None
  • View: No

Utilities

  • Water Heater: Central Water Heater
  • Heating: Wall Gas
  • Water: District

Lot Info

  • Assessed Improvement Percent: 55.00
  • Assessed Improvement Value: 1176902
  • Assessed Land Percent: 45
  • Assessed Land Value: 962919
  • Total Assessed Value: 2139821
  • Assessor Parcel Number: 7280-011-016
  • Lot Size Area: 11237

Rental Info

  • Rent Control: No
  • Tenant Pays: Electricity, Cable TV

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 12.26
  • Number Of Units: 24
  • Type Of Units: Studios

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2012
Sold by
Gibbs Lee A
Bought by
Gibbs Lee A
Current Estimated Value
$3,135,000

Purchase Details

Closed on
Aug 17, 2011
Sold by
Gibbs Katherine A
Bought by
Gibbs Lee A and Katherine A Gibbs Revocable Family Trust

Purchase Details

Closed on
Jun 14, 2006
Sold by
Campbell Marjorie S
Bought by
Jacobson Lissa E

Purchase Details

Closed on
May 9, 1994
Sold by
Myers Julian W
Bought by
Myers Julian W and Myers Marion B
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
Gibbs Lee A -- None Available
Gibbs Lee A -- None Available
Jacobson Lissa E -- None Available
Myers Julian W -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2021 12/17/21 Sold $1,200,000 0.0% $71 / Sq Ft
11/17/2021 11/17/21 Pending -- -- --
09/22/2021 09/22/21 For Sale $1,200,000 0.0% $71 / Sq Ft
03/08/2016 03/08/16 Rented $1,075 0.0% --
03/01/2016 03/01/16 Price Changed $1,075 -1.8% $2 / Sq Ft
02/19/2016 02/19/16 Price Changed $1,095 -4.8% $2 / Sq Ft
02/12/2016 02/12/16 Price Changed $1,150 -2.1% $2 / Sq Ft
01/28/2016 01/28/16 Price Changed $1,175 -2.1% $2 / Sq Ft
12/04/2015 12/04/15 Price Changed $1,200 -7.7% $2 / Sq Ft
11/23/2015 11/23/15 For Rent $1,300 -- --
Source: The MLS

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 $53,585 $4,048,184 $1,821,683 $2,226,501
2024 $53,585 $3,968,809 $1,785,964 $2,182,845
2023 $43,072 $3,114,354 $1,401,459 $1,712,895
2022 $40,446 $3,050,453 $1,372,703 $1,677,750
2021 $32,382 $2,390,024 $1,075,510 $1,314,514
2020 $29,584 $2,139,821 $962,919 $1,176,902
2019 $29,731 $2,138,665 $962,399 $1,176,266
2018 $20,430 $1,393,395 $627,027 $766,368
2017 $119 $1,131,922 $396,172 $735,750
2016 $16,100 $1,109,728 $388,404 $721,324
2015 $14,326 $986,721 $345,352 $641,369
2014 $13,846 $829,189 $290,216 $538,973
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-796282

The MLS

APN: 7280-011-016