NOT LISTED FOR SALE

Estimated Value: $787,872 - $826,000

1 Bed
2 Baths
1,574 Sq Ft
$516/Sq Ft Est. Value

Last Sold March 31, 2016

Last sale price $413,500 $263 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $4,801/month

51 Days on Market

Highlights

  • Contemporary Architecture
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • No HOA
  • Tile Flooring

About This Home

As of March 2016

Why buy one unit when you can have three; 360 E. South Street is an expansive triplex perfect for an owner occupant to enjoy extra income from two additional units! Situated on a large corner lot, this triplex contains a desirable mix of a larger owner’s home with two attached rear studios. The owner’s unit is very private; a separate entrance through a white picket fence surrounded by lush greenery leads you to the large private front yard awaiting your personal touch. The main home is a comfortable space with vintage Spanish architectural charm throughout. The broad living room is accentuated by coved ceilings and an arched picture window. Featuring a large bedroom, office, bathroom, carpeting throughout, and washer and dryer hookups—this spacious house is truly a home. Each of the studios have been freshened with interior paint, blinds, and warm laminate flooring—a perfect complement to the low maintenance modern, tiled kitchens and plenty of built-in storage. Ever important, there are multiple covered parking spaces onsite and ample street parking surrounding this triplex. Do not miss the opportunity to purchase an investment in the future of Long Beach—your Real Estate empire awaits!

Last Agent to Sell the Property

Jeff Anderson

eXp Realty of California Inc License #01729514 Listed on: 12/01/2015

eXp Realty of California Inc

Co-Listed By

Susy Cabrera

eXp Realty of California Inc License #01982851

Last Buyer's Agent

Mazen Nabulsi

24 Hour Real Estate License #01930891

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 5,687 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • 1,574 Sq Ft Home
  • Contemporary Architecture
  • Property Attached

Kitchen

  • Gas Cooktop

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Parking

  • 7 Parking Spaces
  • 2 Carport Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 20
  • Tax Tract Number 7309
  • Assessor Parcel Number 7126001011

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,449
  • Trash Expense $960
  • Water Sewer Expense $960
  • New Taxes Expense $4,457
  • Net Operating Income $27,274

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 960.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7126001011
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Carpet, Tile
  • Appliances: Yes
  • Price Per Square Foot: 262.71

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Wall Furnace
  • Trash Expense: 960.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 5687.00
  • Price Per Lot Square Foot: 72.71
  • Lot Size Acres: 0.1310

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 35100.00
  • Insurance Expense: 1449.00
  • Lot Size Area: 5687.0000 Square Feet
  • Net Operating Income: 27274.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 7826.00
  • Rent Control: No
  • Total Actual Rent: 2925.00

Tax Info

  • New Taxes Expense: 4457.00
  • Tax Lot: 20
  • Tax Tract Number: 7309

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2025
Sold by
Shaheed Aadam Muhammad and Shaheed Sonya Young
Bought by
Sonya Young Aadam And Muhammad S Rochez Aadam and Aadam
Current Estimated Value
$811,468

Purchase Details

Closed on
Apr 3, 2020
Sold by
Aadam Muhammad and Young Sonya
Bought by
Aadam Muhammad Shaheed and Aadam Sonya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,637
Interest Rate
3.3%
Mortgage Type
VA

Purchase Details

Listed on
Dec 1, 2015
Closed on
Feb 3, 2016
Sold by
Yakhloufi Samir
Bought by
Aadam Muhammad and Husbend Sonya Young
Seller's Agent
Jeff Anderson
eXp Realty of California Inc
Buyer's Agent
Mazen Nabulsi
24 Hour Real Estate
List Price
$409,900
Sold Price
$413,500
Premium/Discount to List
$3,600
0.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.17%
Original Mortgage
$413,500
Interest Rate
3.65%
Mortgage Type
VA

Purchase Details

Closed on
Jan 10, 2013
Sold by
Caballero Oscar A
Bought by
Yakhloufi Samir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
3.28%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 17, 2011
Sold by
Peters Terry C and Peters Laura E
Bought by
Caballero Oscar A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,593
Interest Rate
4.56%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 20, 2007
Sold by
Peters Terry C
Bought by
Peters Terry C

Purchase Details

Closed on
Mar 11, 2005
Sold by
Peters Terry C and Peters Laura E
Bought by
Peters Terry C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 2005
Sold by
Peters Terry C and Peters Laura E
Bought by
Peters Terry C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 26, 2004
Sold by
Peters Terry C and Peters Laura E
Bought by
Peters Terry C

Purchase Details

Closed on
Jul 10, 2003
Sold by
Spinell Richard J
Bought by
Peters Terry C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 5, 2002
Sold by
Simkins Scott J
Bought by
Spinelli Richard J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.69%

Purchase Details

Closed on
Nov 9, 1999
Sold by
Development Secretary Of Housing And Urban
Bought by
Shelter First Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,990
Interest Rate
7.96%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 8, 1999
Sold by
Shelter First Inc
Bought by
Simkins Scott J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,990
Interest Rate
7.96%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 19, 1998
Sold by
Norwest Mtg Inc
Bought by
Hud

Purchase Details

Closed on
May 11, 1998
Sold by
Pickens Maxine
Bought by
Norwest Mtg Inc

Purchase Details

Closed on
Nov 4, 1996
Sold by
Lanting Jerry J and Lanting Cornelia
Bought by
Pickens Maxine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,472
Interest Rate
7.53%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 19, 1996
Sold by
First Federal Bank Of California
Bought by
Lanting Jerry J and Lanting Cornelia

Purchase Details

Closed on
Apr 18, 1996
Sold by
Ortiz Manuel M and Ortiz Maria C
Bought by
First Federal Bank Of California
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
Sonya Young Aadam And Muhammad S Rochez Aadam -- None Listed On Document
Aadam Muhammad Shaheed -- Bnt Title Company Of Ca
Aadam Muhammad $413,500 Fidelity National Title Co
Yakhloufi Samir $350,000 Investors Title
Caballero Oscar A $23,000 Ticor Title Insurance
Peters Terry C -- Lawyers Title Company
Peters Terry C -- Lawyers Title Company
Peters Terry C -- Lawyers Title Company
Peters Terry C -- --
Peters Terry C -- Alliance Title Company
Peters Terry C -- --
Peters Terry C $325,000 Orange Coast Title
Spinelli Richard J $180,000 Equity Title
Shelter First Inc $100,500 Provident Title
Simkins Scott J $121,000 --
Hud -- Fidelity National Title Ins
Norwest Mtg Inc $143,975 Fidelity National Title Ins
Pickens Maxine $135,000 Southland Title Corporation
Lanting Jerry J $91,000 Southland Title Corporation
First Federal Bank Of California $120,000 American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aadam Muhammad Shaheed $392,637
Previous Owner Aadam Muhammad $413,500
Previous Owner Yakhloufi Samir $310,000
Previous Owner Caballero Oscar A $291,593
Previous Owner Peters Terry C $265,000
Previous Owner Peters Terry C $256,000
Previous Owner Spinelli Richard J $144,000
Previous Owner Simkins Scott J $119,990
Previous Owner Pickens Maxine $133,472
Closed Spinelli Richard J $18,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2016 03/31/16 Sold $413,500 +0.9% $263 / Sq Ft
01/21/2016 01/21/16 Pending -- -- --
12/01/2015 12/01/15 For Sale $409,900 -- $260 / 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 $6,584 $489,495 $193,548 $295,947
2024 $6,584 $479,898 $189,753 $290,145
2023 $6,470 $470,489 $186,033 $284,456
2022 $6,083 $461,265 $182,386 $278,879
2021 $5,956 $452,221 $178,810 $273,411
2019 $5,872 $439,129 $173,507 $265,622
2018 $5,656 $430,525 $170,105 $260,420
2016 $4,638 $364,081 $208,047 $156,034
2015 $4,457 $358,613 $204,922 $153,691
2014 $4,439 $351,589 $200,908 $150,681
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15255638

California Regional Multiple Listing Service (CRMLS)

APN: 7126-001-011