NOT LISTED FOR SALE

Estimated Value: $1,544,162 - $1,689,000

9 Beds
5 Baths
4,201 Sq Ft
$389/Sq Ft Est. Value

Last Sold August 11, 2022

Last sale price $1,400,000 $333 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $10,121/month

14 Days on Market

Highlights

  • Laundry Room
  • Woodrow Wilson High School Rated A
  • Rectangular Lot

About This Home

As of August 2022

3444 East Wilton Street is a desirable fourplex in Long Beach, California. This offering presents a great opportunity for an investor to acquire an asset with a sought-after unit mix and 51 percent rental upside in a strong coastal rental market. Furthermore, a new investor may want to explore the potential to develop one ADU and one JADU (buyer to verify).

3444 East Wilton Street is a 1968 construction with a mix of one three-bed/two-bath unit and three two-bed/one-bath units. The three-bedroom unit features laundry hookups, and all units are separately metered for gas and electricity. The property also offers on-site parking.

The property is well-located in Eastside Long Beach, a dense rental area desired by investors with easy access to freeways and Cal State Long Beach. The property is east of Redondo Avenue near the Traffic Circle area and boasts great proximity to retail (WalkScore: 89).

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 07/07/2022

Last Buyer's Agent

Kristina Moore

The Moore Group License #01926377

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 6,750 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 4 Car Garage

Home Design

  • 4,201 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tax Lot 32
  • Assessor Parcel Number 7259005006
  • $880 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Operating Expense $27,673
  • Gross Income $70,992
  • Net Operating Income $40,369

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7259005006
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 333.25

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6750.00
  • Lot Size Acres: 0.1550

Multi Family

  • Gross Income: 70992.00
  • Gross Scheduled Income: 70992.00
  • Lot Size Area: 6750.0000 Square Feet
  • Net Operating Income: 40369.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 27673.00
  • Rent Control: Yes
  • Total Expenses: 27673.00

Tax Info

  • Tax Census Tract: 5751.03
  • Tax Lot: 32
  • TaxOtherAnnualAssessmentAmount: 879.81

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Jul 12, 2022
Sold by
Hummel Revocable Trust and Hummel Bruce L
Bought by
Lu Zoe and Lu Joshua
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Kristina Moore
The Moore Group
List Price
$1,345,000
Sold Price
$1,400,000
Premium/Discount to List
$55,000
4.09%
Current Estimated Value
$1,634,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$234,291
Avg. Annual Appreciation
4.68%
Original Mortgage
$980,000
Outstanding Balance
$934,615
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$699,676

Purchase Details

Closed on
Mar 20, 2006
Sold by
Hummel Bruce L
Bought by
Hummel Bruce L and Hummel Faye

Purchase Details

Closed on
Aug 5, 1998
Sold by
Soumzine Andrei
Bought by
Hummel Bruce L and Hummel Faye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,200
Interest Rate
4.35%

Purchase Details

Closed on
Feb 18, 1997
Sold by
Saylor Jerry R
Bought by
Soumzine Andrei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,127
Interest Rate
7.85%
Mortgage Type
FHA
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
Lu Zoe $1,400,000 Ticor Title
Hummel Bruce L -- None Available
Hummel Bruce L -- None Available
Hummel Bruce L $314,000 Fidelity National Title Co
Soumzine Andrei $225,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lu Zoe $980,000
Previous Owner Hummel Bruce L $251,200
Previous Owner Soumzine Andrei $217,127
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2022 08/11/22 Sold $1,400,000 +4.1% $333 / Sq Ft
07/21/2022 07/21/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $1,345,000 -- $320 / 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 $18,691 $1,456,560 $936,360 $520,200
2024 $18,691 $1,428,000 $918,000 $510,000
2023 $18,379 $1,400,000 $900,000 $500,000
2022 $6,449 $463,849 $149,195 $314,654
2021 $6,296 $454,755 $146,270 $308,485
2019 $6,207 $441,269 $141,933 $299,336
2018 $5,956 $432,617 $139,150 $293,467
2016 $5,464 $415,820 $133,748 $282,072
2015 $5,256 $409,575 $131,739 $277,836
2014 $5,239 $401,553 $129,159 $272,394
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22148579

California Regional Multiple Listing Service (CRMLS)

APN: 7259-005-006