NOT LISTED FOR SALE

Estimated Value: $1,761,000 - $1,904,338

4 Beds
3 Baths
2,135 Sq Ft
$858/Sq Ft Est. Value

Last Sold June 16, 2023

Last sale price $1,600,000 $749 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $11,305/month

6 Days on Market

Highlights

  • Parking available for a boat
  • Property is near park
  • Main Floor Primary Bedroom
  • Woodrow Wilson High School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of June 2023

Introducing 3361 & 3363 E 1st Street, Bluff Park—a stunning architectural gem! This exceptional income producing property is located in the heart of coastal Long Beach offering a desirable combination of design, comfort, style, & convenience. Indulge in the beautiful front yard with crowd pleasing curb appeal and step inside to be greeted by an open and airy floor plan that maximizes both space and natural light. The living area features newly refinished hardwood flooring, fireplace, and is complemented by large windows that frame the views of the surrounding neighborhood. The kitchen with picturesque views of the expansive backyard, boasts a stainless steel gas range, dishwasher, stainless steel refrigerator, sleek ceramic countertops with bar seating, and is adjacent to the formal dining room. There is also a full bathroom, separate indoor laundry room, and back porch with backyard access. The primary suite is particularly noteworthy, featuring a spacious layout, a walk-in closet, and an upgraded en-suite spa inspired bathroom with luxurious soaking tub, separate shower, dual sinks, and built in linen storage. The second downstairs bedroom provides a tranquil retreat for relaxation with slider and backyard views. Private office with closet is currently being used as a third bedroom. Above the main home is an approximately 555 square foot one bedroom/one bath rental apartment with it's own exterior staircase that will be delivered vacant at close of escrow. Outdoor enthusiasts will appreciate the private backyard oasis, perfect for al fresco dining under the stars, entertaining guests, or simply enjoying the California sunshine. Enjoy the well-manicured grassy area and the spacious wood deck area offering additional versatility for outdoor living. Long, elegant driveway with carport to the HUGE 4+ car collector's garage plus outdoor RV/boat potential. There is a new roof on the main home. Conveniently located, this property is moments to the sand, close to parks, shops, restaurants, Belmont Shore, Naples, and the new 2nd & PCH. Easy access to everything Long Beach has to offer with endless opportunities for leisurely strolls along the shore and breathtaking sunsets. With it's prime location, expansive lot, architectural design, and income property, 3361 E 1st Street presents an unparalleled opportunity to own a remarkable piece of real estate. Don't miss your chance to make this stunning property your own and experience the epitome of coastal living!

Last Agent to Sell the Property

Kristi Faber-Vento

Compass License #01152209 Listed on: 05/18/2023

Compass

Co-Listed By

Carolyn Faber

Compass License #00948730

Last Buyer's Agent

Kristi Faber-Vento

Compass License #01152209 Listed on: 05/18/2023

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 8,303 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 3 Car Garage
  • Pull-through
  • Parking Available
  • Driveway
  • Parking available for a boat
  • RV Potential

Home Design

  • Duplex
  • Entry on the 1st floor
  • Flat Roof Shape
  • Raised Foundation

Interior Spaces

  • 2,135 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Wood Flooring
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main

Location

  • Property is near park

Schools

  • Woodrow Wilson High School

Community Details

  • No Home Owners Association
  • 2 Units
  • Bluff Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 11 / 76
  • Tax Tract Number 5500
  • Assessor Parcel Number 7264011013
  • $552 per year additional tax assessments

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

3

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Bluff Park (BLF)
  • View: Yes
  • Zoning: LBR2L
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 7264011013
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2135.00 Square Feet
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 749.41
  • Room Type: Laundry, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Pool Private: No
  • Roof: Flat

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Boat, Driveway, Oversized, Pull-through, RV Potential
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: Woodrow Wilson
  • High School2: WOOWIL

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 6500-9999, Park Nearby
  • Lot Size Sq Ft: 8303.00
  • Lot Size Acres: 0.1906

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8303.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Block: 76
  • Tax Census Tract: 5772.00
  • Tax Lot: 11
  • Tax Tract Number: 5500
  • TaxOtherAnnualAssessmentAmount: 552.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2023
Closed on
Jun 5, 2023
Sold by
Loveren Family Trust
Bought by
Garg Gaurav and Garg Brookelle Jane
Seller's Agent
Kristi Faber-Vento
Compass
Buyer's Agent
Kristi Faber-Vento
Compass
List Price
$1,595,000
Sold Price
$1,600,000
Premium/Discount to List
$5,000
0.31%
Views
49
Current Estimated Value
$1,832,085

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,085
Avg. Annual Appreciation
5.50%
Original Mortgage
$1,440,000
Outstanding Balance
$1,401,494
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$430,591
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
Garg Gaurav $1,600,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garg Gaurav $1,440,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2023 06/16/23 Sold $1,600,000 +0.3% $749 / Sq Ft
05/18/2023 05/18/23 For Sale $1,595,000 -- $747 / 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 $20,816 $1,664,640 $1,248,480 $416,160
2024 $20,816 $1,632,000 $1,224,000 $408,000
2023 $2,215 $139,566 $92,112 $47,454
2022 $2,096 $136,830 $90,306 $46,524
2021 $2,042 $134,148 $88,536 $45,612
2019 $2,012 $130,171 $85,911 $44,260
2018 $1,824 $127,620 $84,227 $43,393
2016 $1,670 $122,666 $80,957 $41,709
2015 $1,610 $120,824 $79,741 $41,083
2014 $1,611 $118,458 $78,179 $40,279
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23082917

California Regional Multiple Listing Service (CRMLS)

APN: 7264-011-013