NOT LISTED FOR SALE

Estimated Value: $1,165,000 - $1,361,000

9 Beds
4 Baths
3,301 Sq Ft
$391/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $1,250,000 $379 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $8,395/month

114 Days on Market

Highlights

  • Private Yard
  • Cooling System Mounted To A Wall/Window
  • Carpet
  • No HOA
  • Laundry Room
  • 4-minute walk to Ramona Park

About This Home

As of September 2023

Good investment for 4 units complex in city of Long Beach. Close to freeway and shopping stores. Main units in level one have 3 bedrooms and one bath,
two unit in level 2 one has two bedrooms one bath and one has one bedroom one bath. Four cars garage attached under the two story units.
Property sold AS IS ", Sellers are motivate.

Last Agent to Sell the Property

Hai Nguyen

HNT Realty License #01051574 Listed on: 05/08/2023

Last Buyer's Agent

Heang Khauo

Lifetime Realty Inc License #02182417

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,424

Year Built

  • Built in 1956

Lot Details

  • 6,083 Sq Ft Lot
  • 1 Common Wall
  • Private Yard
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Fire Rated Drywall
  • Composition Roof

Interior Spaces

  • 3,301 Sq Ft Home
  • 2-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 10
  • Tax Tract Number 19122
  • Assessor Parcel Number 7120017033
  • $874 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • North Long Beach Subdivision

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,900
  • Trash Expense $2,600
  • Water Sewer Expense $1,440
  • Operating Expense $5,940
  • Gross Income $88,896
  • Net Operating Income $69,058

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,424

Year Built

Built in 1956

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 337500
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1440.00
  • Zoning: LBR4N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7120017033
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Entry Level: 2
  • Levels: One, Two
  • Price Per Square Foot: 378.67

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Walkstreet, Yard
  • Lot Size Sq Ft: 6083.00
  • Lot Size Acres: 0.1396

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 88896.00
  • Gross Scheduled Income: 88896.00
  • Insurance Expense: 1900.00
  • Lot Size Area: 6083.0000 Square Feet
  • Net Operating Income: 69058.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 19838.00
  • Rent Control: No
  • Total Expenses: 5940.00

Tax Info

  • Tax Census Tract: 5702.03
  • Tax Lot: 10
  • Tax Tract Number: 19122
  • TaxOtherAnnualAssessmentAmount: 874.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2023
Closed on
Sep 16, 2023
Sold by
Le Tho and Le Thomas V
Bought by
Khauo Heang and Thai Huong
Seller's Agent
Hai Nguyen
HNT Realty
Buyer's Agent
Heang Khauo
Lifetime Realty Inc
List Price
$1,400,000
Sold Price
$1,250,000
Premium/Discount to List
-$150,000
-10.71%
Views
291
Current Estimated Value
$1,289,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,598
Avg. Annual Appreciation
0.92%
Original Mortgage
$812,500
Outstanding Balance
$797,177
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$474,977

Purchase Details

Closed on
Jun 10, 2020
Sold by
Le Tho and Nguyen Thomas V
Bought by
Le Tho and Nguyen Thomas V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2018
Sold by
Le Thi
Bought by
Le Thi and Nguyen Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2004
Sold by
Mai Chuck
Bought by
Nguyen Sang Thanh and Le Tho Thi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
5.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2004
Sold by
Cassidy Curt A
Bought by
Mai Chuck and Mai Ann Nguyen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
5.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2003
Sold by
Hud
Bought by
Cassidy Curt A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,350
Interest Rate
5.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 2001
Sold by
Morales Rafael
Bought by
Abn Amro Mtg Group Inc

Purchase Details

Closed on
May 8, 2001
Sold by
Abn Amro Mortgage Group Inc
Bought by
Hud

Purchase Details

Closed on
Sep 15, 1999
Sold by
Guereca Gotxon
Bought by
Morales Rafael and Hernandez Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,645
Interest Rate
7.68%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 28, 1995
Sold by
Guereca Mikel
Bought by
Guereca Gotxon and Guereca Rosa Guadalupe
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
Khauo Heang $1,250,000 Fidelity - Sherman Oaks
Le Tho -- First American Title
Le Thi $358,500 Amrock Title California Inc
Nguyen Sang Thanh -- Orange Coast Title
Mai Chuck $585,000 --
Cassidy Curt A $413,500 Stewart Title
Cassidy Curt A -- Stewart Title
Abn Amro Mtg Group Inc $231,625 --
Hud -- --
Hud -- Fidelity
Hud -- --
Morales Rafael $175,000 Gateway Title Company
Guereca Gotxon -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khauo Heang $812,500
Previous Owner Le Tho $485,000
Previous Owner Le Thi $490,000
Previous Owner Nguyen Sang Thanh $252,139
Previous Owner Nguyen Sang Thanh $385,000
Previous Owner Nguyen Sang Thanh $385,000
Previous Owner Mai Chuck $195,000
Previous Owner Mai Chuck $140,000
Previous Owner Cassidy Curt A $392,350
Previous Owner Morales Rafael $202,645
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $1,250,000 -7.4% $379 / Sq Ft
08/30/2023 08/30/23 Pending -- -- --
06/07/2023 06/07/23 Price Changed $1,350,000 -3.6% $409 / Sq Ft
05/08/2023 05/08/23 For Sale $1,400,000 -- $424 / 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 $16,424 $1,275,000 $510,000 $765,000
2024 $16,424 $1,250,000 $500,000 $750,000
2023 $10,775 $793,693 $317,751 $475,942
2022 $10,127 $778,131 $311,521 $466,610
2021 $9,914 $762,874 $305,413 $457,461
2019 $9,774 $740,249 $296,355 $443,894
2018 $9,501 $730,985 $287,394 $443,591
2016 $8,128 $650,000 $340,000 $310,000
2015 $7,242 $590,000 $310,000 $280,000
2014 $7,338 $590,000 $310,000 $280,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23078735

California Regional Multiple Listing Service (CRMLS)

APN: 7120-017-033