Seller's Agent in 2021
Sheva Hosseinzadeh
Coldwell Banker Commercial
(562) 900-2938
1 in this area
5 Total Sales
3414 E 7th St Long Beach, CA 90804
Belmont Heights NeighborhoodEstimated Value: $2,058,067
2
Beds
9
Baths
6,345
Sq Ft
$324/Sq Ft
Est. Value
Highlights
- No HOA
- Park
- Bike Trail
- Woodrow Wilson High School Rated A
About This Home
As of August 2021PROPERTY DESCRIPTION
This mixed-use property consists of 7 residential units and 2 retail units totally approximately 6,345 SF of improvements on
approximately 5,601 SF of land. The building holds strong occupancy with 100% units currently completely leased. This
building is the perfect investment property for an investor looking for upside since the 7 residential units are all on a
month-to-month lease. This property is well maintained and well managed. The building was also painted last year in 2019!
Last Agent to Sell the Property
Coldwell Banker Commercial License #01922147 Listed on: 04/01/2021
Last Buyer's Agent
Coldwell Banker Commercial License #01922147 Listed on: 04/01/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,374
Year Built
- Built in 1928
Lot Details
- 5,601 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 6,345 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 9 Bathrooms
Additional Features
- Suburban Location
- Sewer Not Available
Listing and Financial Details
- Legal Lot and Block 5 / 3
- Tax Tract Number 5771
- Assessor Parcel Number 7258026004
Community Details
Overview
- No Home Owners Association
- 9 Units
- Eastside Subdivision
Recreation
- Park
- Dog Park
- Bike Trail
Building Details
- Electric Expense $1,106
- Insurance Expense $5,535
- Professional Management Expense $1,106
- Trash Expense $1,724
- Water Sewer Expense $1,724
- New Taxes Expense $22,488
- Operating Expense $33,567
- Gross Income $117,114
- Net Operating Income $83,547
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 11, 2021
Sold by
Iwami Brian Kirk
Bought by
Ksp Canepa Investments Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,293,750
Interest Rate
2.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 16, 2019
Sold by
Bki Properties Llc
Bought by
Iwami Brian Kirk
Purchase Details
Closed on
Sep 15, 2005
Sold by
Iwami Brian Kirk
Bought by
Bki Properties Llc
Purchase Details
Closed on
Jul 29, 2005
Sold by
Iwami Candace Lynn
Bought by
Iwami Brian K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.61%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 6, 2005
Sold by
Panno Thomas J
Bought by
Iwami Brian K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.61%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 15, 2000
Sold by
Saby Hassan
Bought by
Panno Thomas J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
8.38%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ksp Canepa Investments Llc | $1,725,000 | Ticor Title Company Of Ca | |
| Iwami Brian Kirk | -- | Ticor Title Company Of Ca | |
| Iwami Brian Kirk | -- | None Available | |
| Bki Properties Llc | -- | -- | |
| Iwami Brian K | -- | California Title Company | |
| Iwami Brian K | $1,000,000 | -- | |
| Panno Thomas J | $450,000 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ksp Canepa Investments Llc | $350,000 | |
| Previous Owner | Ksp Canepa Investments Llc | $1,293,750 | |
| Previous Owner | Bki Properties Llc | $500,000 | |
| Previous Owner | Iwami Brian K | $750,000 | |
| Previous Owner | Panno Thomas J | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2021 08/12/21 | Sold | $1,725,000 | -4.1% | $272 / Sq Ft |
| 04/01/2021 04/01/21 | For Sale | $1,799,000 | -- | $284 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $23,374 | $1,830,583 | $716,315 | $1,114,268 |
| 2024 | $23,374 | $1,794,690 | $702,270 | $1,092,420 |
| 2023 | $22,987 | $1,759,500 | $688,500 | $1,071,000 |
| 2022 | $21,578 | $1,725,000 | $675,000 | $1,050,000 |
| 2021 | $16,582 | $1,262,501 | $492,375 | $770,126 |
| 2020 | $15,989 | $1,249,557 | $487,327 | $762,230 |
| 2019 | $15,804 | $1,225,057 | $477,772 | $747,285 |
| 2018 | $15,369 | $1,201,037 | $468,404 | $732,633 |
| 2016 | $14,107 | $1,154,401 | $450,216 | $704,185 |
| 2015 | $13,544 | $1,137,062 | $443,454 | $693,608 |
| 2014 | $13,447 | $1,114,790 | $434,768 | $680,022 |
Source: Public Records
Agents Affiliated with this Home
-
Sheva Hosseinzadeh
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21062925
APN: 7258-026-004
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