NOT LISTED FOR SALE

Estimated Value: $1,394,000 - $1,848,000

10 Beds
6 Baths
5,312 Sq Ft
$315/Sq Ft Est. Value

Last Sold December 18, 2019

Last sale price $1,195,000 $225 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $10,822/month

27 Days on Market

About This Home

As of December 2019

HUGE 4 unit building that was originally a 6 unit building!!! The FRONT building has two (2) GIANT 4bedroom + den (possible 5th bdrm)/ 2 bath townhouse style (2 levels) units with 2 living room/ 2 dining areas. The FRONT building (approx 4,208 sqft per tax) used to be 4 units- 2 lower units & 2 upper units- Now, the lower unit and upper unit have been combined into 1 unit therefor making 2 units vs 4. At the REAR of the property is a 2nd building (approx 1,104 sqft per tax) with 2 units, each have 1bd/1ba over the 4 deep single car garages (approx 23ft by 8 ft). There is additional space on the driveway for additional parking. One of the 4bdrm + Den units has a newer kitchen + some other upgrades- see photos. Newer windows. Tons of potential. The faces of both buildings have been freshly painted. Great location- Conveniently located right by the Metro Blue line, and also near Roosevelt Elementary school, LB Polytechnic High School, Long Beach City College, the 710 & 405 freeways, downtown and much more.

Last Agent to Sell the Property

Nina Mannone

Realty One Group West License #01851852 Listed on: 08/16/2019

Realty One Group West

Co-Listed By

Louis Mannone

Realty One Group West License #00933588

Last Buyer's Agent

Shawn Mohler

The Mohler Real Estate Group License #01910887

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,966

Year Built

  • Built in 1922

Lot Details

  • 6,695 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • 5,312 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 7269021047

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $1,270
  • New Taxes Expense $15,400
  • Operating Expense $30,720
  • Gross Income $76,800
  • Net Operating Income $46,080

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,966

Year Built

Built in 1922

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 1270.00
  • Zoning: LBPD29
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7269021047
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 224.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6695.00
  • Lot Size Acres: 0.1537

Multi Family

  • Gross Income: 76800.00
  • Gross Scheduled Income: 76800.00
  • Lot Size Area: 6695.0000 Square Feet
  • Net Operating Income: 46080.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense Percent: 40.00
  • Rent Control: No
  • Total Actual Rent: 4100.00
  • Total Expenses: 30720.00

Tax Info

  • New Taxes Expense: 15400.00
  • Tax Census Tract: 5753.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2022
Sold by
Wallens Donald E and Wallens Sharon
Bought by
Wallens-Sindell Family Trust
Total Days on Market
27
Current Estimated Value
$1,675,905

Purchase Details

Closed on
Oct 10, 2019
Sold by
Kaunitz Jonathan D and Kaunitz Christine L
Bought by
Wallens Donald E and Sindell Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$896,250
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 11, 2012
Closed on
Sep 7, 2012
Sold by
Hp Lai Llc
Bought by
Kaunitz Jonathan D and Kaunitz Christine L
Seller's Agent
Lan Dinh
L.S. Gateway Realtors
Buyer's Agent
Steve Hwang
Century 21 Union Realty
List Price
$555,000
Sold Price
$555,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.27%
Original Mortgage
$416,250
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2010
Sold by
Lai Hallong
Bought by
Hp Lai Llc

Purchase Details

Closed on
Sep 22, 2010
Sold by
Elre Holdings Llc
Bought by
Lai Hailong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2010
Sold by
Giap Mong Hoang Thi
Bought by
Lai Hailong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2010
Sold by
Durham Ebbie E and Durham Charlene M
Bought by
Elre Holdings Llc

Purchase Details

Closed on
Jan 18, 2008
Sold by
Durham Ebbie E and Durham Charlene M
Bought by
Durham Ebbie E and Durham Charlene M

Purchase Details

Closed on
Oct 15, 2004
Sold by
Foster John and Foster Jacqueline
Bought by
Durham Ebbie E and Durham Charlene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$478,100
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 5, 2001
Sold by
Grant Sheri
Bought by
Foster John and Foster Jacqueline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
6.63%

Purchase Details

Closed on
Jul 30, 2001
Sold by
Give The Streets Back
Bought by
Grant Sheri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,751
Interest Rate
7.09%
Mortgage Type
FHA

Purchase Details

Closed on
May 9, 2000
Sold by
Development Secretary Of Housing And Urban
Bought by
Give The Streets Back

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,500
Interest Rate
8.37%

Purchase Details

Closed on
Dec 22, 1998
Sold by
Norwest Mtg Inc
Bought by
Hud

Purchase Details

Closed on
May 20, 1998
Sold by
Montoya Dalio A and Flores Luz Demaria
Bought by
Norwest Mtg Inc

Purchase Details

Closed on
Feb 23, 1996
Sold by
Sanchez Sonia and Sanchez Teresa
Bought by
Sanchez Palemon M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,021
Interest Rate
6.98%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 14, 1996
Sold by
Sanchez Palemon M
Bought by
Montoya Dalio A and Flores Luz Demaria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,021
Interest Rate
6.98%
Mortgage Type
FHA

Purchase Details

Closed on
May 11, 1995
Sold by
First Federal Bank Of California
Bought by
Sanche Sonia and Sanchez Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,250
Interest Rate
7.75%
Source: Public Records

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Range of Values:

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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
Wallens-Sindell Family Trust -- Weinstock Manion
Wallens Donald E $1,195,000 Western Resources Title Co
Kaunitz Jonathan D $555,000 Fidelity National Title
Hp Lai Llc -- Accommodation
Lai Hailong $510,000 Ticor Title Tustin Orange Co
Lai Hailong -- Ticor Title Tustin Orange Co
Elre Holdings Llc -- None Available
Durham Ebbie E -- None Available
Durham Ebbie E $683,000 North American Title Company
Foster John $410,000 Fidelity National Title Co
Grant Sheri $275,000 --
Give The Streets Back $160,000 --
Hud -- First American
Norwest Mtg Inc $279,928 First American Title Ins Co
Sanchez Palemon M -- Commonwealth Land Title
Montoya Dalio A $272,000 Commonwealth Land Title Co
Sanche Sonia $145,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wallens Donald E $892,500
Previous Owner Wallens Donald E $896,250
Previous Owner Kaunitz Jonathan D $416,250
Previous Owner Lai Hailong $382,500
Previous Owner Durham Ebbie E $630,000
Previous Owner Durham Ebbie E $225,900
Previous Owner Durham Ebbie E $478,100
Previous Owner Foster John $328,000
Previous Owner Grant Sheri $272,751
Previous Owner Give The Streets Back $183,500
Previous Owner Montoya Dalio A $260,021
Previous Owner Sanche Sonia $94,250
Closed Foster John $41,000
Closed Durham Ebbie E $136,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2019 12/18/19 Sold $1,195,000 0.0% $225 / Sq Ft
08/16/2019 08/16/19 For Sale $1,195,000 +115.3% $225 / Sq Ft
09/12/2012 09/12/12 Sold $555,000 0.0% $104 / Sq Ft
07/10/2012 07/10/12 Pending -- -- --
03/11/2012 03/11/12 For Sale $555,000 -- $104 / 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
2024 $16,966 $1,281,279 $643,320 $637,959
2023 $16,684 $1,256,156 $630,706 $625,450
2022 $15,671 $1,231,527 $618,340 $613,187
2021 $15,345 $1,207,380 $606,216 $601,164
2019 $8,365 $612,664 $220,780 $391,884
2018 $8,048 $600,651 $216,451 $384,200
2016 $7,379 $577,329 $208,047 $369,282
2015 $7,093 $568,658 $204,922 $363,736
2014 $7,060 $557,519 $200,908 $356,611
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19186148

California Regional Multiple Listing Service (CRMLS)

APN: 7269-021-047