NOT LISTED FOR SALE

Estimated Value: $3,287,000 - $3,348,071

9 Beds
10 Baths
6,293 Sq Ft
$527/Sq Ft Est. Value

Last Sold September 07, 2022

Last sale price $3,025,000 $481 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $21,349/month

22 Days on Market

Highlights

  • Ocean View
  • 0.22 Acre Lot
  • Wood Flooring
  • Woodrow Wilson High School Rated A
  • Property is near a park
  • Spanish Architecture

About This Home

As of September 2022

Gorgeous pride of ownership classic Spanish duplex with TWO OWNERS' UNITS (each the size of a house) + 5 additional units just ONE BLOCK from the BEACH! This is a very special property -- rarely does something like this come available in the highly desirable Bluff Park historical district. It is perfect for someone who wants to OWNER OCCUPY or a SAVVY INVESTOR looking to add a prime property to their portfolio. The lovely duplex looks out to 1st St, one of the nicest streets in Long Beach. Each side looks and feels like a separate house. Unit 3350 is around 2,600 sf and has three bedrooms and three bathrooms, including an ensuite in the primary bedroom. Unit 3348 is over 2,000 sf and has three bedrooms and two bathrooms. Both have large bonus rooms that could be another bedroom/office/gym, highly desirable floor plans, huge rooms (really huge), fully remodeled kitchens, formal dining rooms, balconies, original hardwood floors, cool architectural details and abundant character and charm throughout. The property has an extra-large lot and the curb appeal is fantastic! Lush landscaping and a long driveway lead to a two-car garage. Above the garage is an adorable one-bedroom unit with no shared walls. In the back is a triplex with two nice sized one-bedroom units and an alcove studio/one bedroom. There is even an ocean view through the trees from one of the units. Each has hardwood floors, lots of charm and a great layout. Lastly is the “office”, an attached unit which has been transformed into an efficiency studio. Rent it or use it for your office. It would even make a perfect Airbnb! Between the buildings is a serene courtyard and throughout the property are beautiful flowers, trees and greenery which provide a park like setting and lots of privacy. Completing the property are more garages (a two car and one car), individual storage units and a laundry room. This highly desirable location is not only close to the ocean, it’s also a block away from the eclectic and fun “Broadway Corridor” shops, galleries and restaurants. Historic Bluff Park is known for its beautiful extra wide tree lined streets and diverse turn of the century architecture that Long Beach is famous for. If you love history, cool architecture, being close to restaurants, shopping, and the beach, then you will love this property! Leave your car parked and enjoy and the best of SoCal. This is a great investment and the location can’t be beat!

Last Agent to Sell the Property

Lorri Quiett

Vylla Home, Inc. License #01371114 Listed on: 06/29/2022

Last Buyer's Agent

Sue La Bounty

First Team Real Estate License #01161648

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $39,700

Year Built

  • Built in 1928 | Remodeled

Lot Details

  • 9,612 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Private Yard
  • Lawn
  • Garden
  • Back and Front Yard

Parking

  • 5 Car Garage
  • 4 Open Parking Spaces
  • Front Facing Garage
  • Rear-Facing Garage
  • Driveway
  • On-Street Parking
  • Assigned Parking

Property Views

  • Ocean
  • Neighborhood

Home Design

  • Spanish Architecture
  • Property Attached
  • Turnkey
  • Raised Foundation
  • Shingle Roof
  • Spanish Tile Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 6,293 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Great Room
  • Living Room with Fireplace
  • Home Office
  • Granite Countertops

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Walk-In Closet
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, water
  • Legal Lot and Block 7 / 42
  • Assessor Parcel Number 7264014008

Community Details

Overview

  • 3 Buildings
  • 7 Units
  • Bluff Park Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,904
  • Gardener Expense $2,640
  • Insurance Expense $4,457
  • Other Expense $960
  • Pest Control $368
  • Professional Management Expense $5,580
  • Water Sewer Expense $1,692
  • Operating Expense $18,867
  • Gross Income $138,680
  • Net Operating Income $119,813

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$39,700

Year Built

Built in 1928 | Remodeled

Lot Details

0

Parking

5

Listing Details

  • Price Per Unit: 485714
  • Professional Management Expense: 5580.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Bluff Park (BLF)
  • View: Yes
  • Water Sewer Expenses: 1692.00
  • Zoning: LBR2L
  • Architectural Style: Spanish
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 2640.00
  • Parcel Number: 7264014008
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Built-in Features, Ceiling Fan(s), Crown Molding, Granite Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Stone, Wood
  • Fireplace Features: Living Room
  • Price Per Square Foot: 480.69
  • Room Type: Great Room, Kitchen, Laundry, Living Room, Office, Walk-In Closet

Exterior Features

  • Foundation: Raised
  • Exterior Features: Lighting, Rain Gutters
  • View: Neighborhood, Ocean
  • Pool Private: No
  • Roof: Composition, Shingle, Spanish Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking Features: Assigned, Driveway, Garage, Garage Faces Front, Garage Faces Rear, Street
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Common Area, Community, Dryer Included, Individual Room, Washer Included
  • Pest Control Expense: 368.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Lawn, Park Nearby, Yard
  • Lot Size Sq Ft: 9612.00
  • Lot Size Acres: 0.2207

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer, Water

Multi Family

  • Average1 Bed Area: 800 Square Feet
  • Average3 Bed Area: 2300 Square Feet
  • Average Studio Area: 600 Square Feet
  • Electric Expense: 2904.00
  • Gross Income: 138680.00
  • Gross Operating Income: 138680.00
  • Gross Scheduled Income: 138680.00
  • Insurance Expense: 4457.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1500.00
  • Lot Size Area: 9612.0000 Square Feet
  • Net Operating Income: 119813.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 18867.00
  • Other Expense: 960.00
  • Other Expense Description: gas
  • Rent Control: Yes
  • Total Actual Rent: 11440.00
  • Total Expenses: 18867.00

Tax Info

  • Tax Block: 42
  • Tax Census Tract: 5772.00
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2024
Sold by
Mary Jane Pierce Family Trust and Pierce Mary Jane
Bought by
William V Barden Family Trust and Barden
Current Estimated Value
$3,317,536

Purchase Details

Closed on
Aug 29, 2024
Sold by
Donald V And Bette Jane Barden Family Tr and Barden William V
Bought by
William V Barden Family Trust and Barden

Purchase Details

Listed on
Jun 29, 2022
Closed on
Jul 26, 2022
Sold by
Paul C And Marin P Jones Living Trust
Bought by
E 1St Street Lb Llc
Seller's Agent
Lorri Quiett
Vylla Home, Inc.
Buyer's Agent
Sue La Bounty
First Team Real Estate
List Price
$3,400,000
Sold Price
$3,025,000
Premium/Discount to List
-$375,000
-11.03%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.82%
Original Mortgage
$1,200,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2005
Sold by
Jones Paul C and Jones Marin
Bought by
Jones Paul C and Jones Marin P

Purchase Details

Closed on
Jun 27, 2003
Sold by
Bloom Beverly Hylen and The Phyllis M Lamance Revocabl
Bought by
Jones Paul C and Jones Maria

Purchase Details

Closed on
Apr 2, 1998
Sold by
Trust Winn Boyer Lesley Tr Lesley Winn B
Bought by
Bloom Beverly Hylen and Phyllis M Lamance Revocable Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,000
Interest Rate
7.1%
Mortgage Type
Commercial
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
William V Barden Family Trust $4,000 None Listed On Document
William V Barden Family Trust -- None Listed On Document
E 1St Street Lb Llc $3,025,000 --
Jones Paul C -- --
Jones Paul C $1,750,000 Equity Title
Bloom Beverly Hylen $650,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner E 1St Street Lb Llc $1,200,000
Previous Owner Jones Paul C $690,000
Previous Owner Bloom Beverly Hylen $413,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2022 09/07/22 Sold $3,025,000 -11.0% $481 / Sq Ft
07/21/2022 07/21/22 Pending -- -- --
06/29/2022 06/29/22 For Sale $3,400,000 -- $540 / 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 $39,700 $3,147,210 $2,049,588 $1,097,622
2024 $39,700 $3,085,500 $2,009,400 $1,076,100
2023 $39,041 $3,025,000 $1,970,000 $1,055,000
2022 $29,242 $2,344,618 $1,875,700 $468,918
2021 $28,661 $2,298,646 $1,838,922 $459,724
2020 $28,586 $2,275,078 $1,820,067 $455,011
2019 $28,252 $2,230,470 $1,784,380 $446,090
2018 $27,488 $2,186,737 $1,749,393 $437,344
2016 $25,275 $2,101,825 $1,681,463 $420,362
2015 $24,253 $2,070,254 $1,656,206 $414,048
2014 $24,071 $2,029,702 $1,623,764 $405,938
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22142124

California Regional Multiple Listing Service (CRMLS)

APN: 7264-014-008