Gregory Jewett
Lightning Real Estate
(818) 418-8546
41 Total Sales
1 in Dairy
$724,000 Price
362 E Louise St Long Beach, CA 90805
Dairy Neighborhood
18
Beds
10
Baths
9,648
Sq Ft
0.28
Acre Lot
Highlights
- Gated Community
- Dual Staircase
- No HOA
- 0.28 Acre Lot
- Property is near park and public transit
- 3-minute walk to Grace Park
About This Home
As of October 2022Easy to own asset that is a great addition to any portfolio! This clean and well-maintained 12-unit property consists of eight 2bed/1bath units and four 1bed/1bath units with eight garages and private laundry/ storage rooms. The entire property is secured with coded entry and a brand new camera system. Plus, two of the units were recently refurbished and the entire roof is brand new. Each unit is in good condition, offers a functional layout, and provides plenty of space for the tenants to enjoy. Located in the path of progress - this dense rental market is perfect for investors who enjoy low vacancy rates, high market rental rates, and strong long-term appreciation. Close proximity to Bixby Knolls and all the new large scale redevelopment projects (The Beat, The Uptown, Uptown Commons, etc.) by nationally acclaimed developers coming online along the Atlantic corridor brings a ton of long-term value to the local market. Downtown Long Beach, the beach, parks, public transportation, easy freeway access, and other community amenities/ attractions are close by for all to enjoy. Long Beach is resurging due to hundreds of millions of dollars invested in private and public developments, a growing local economy with strong employment, and the increasing demand to "live, work, and play" in this remarkable community.
Last Agent to Sell the Property
Buckingham Investments, Inc License #02001732 Listed on: 06/17/2022
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964 | Remodeled
Lot Details
- 12,000 Sq Ft Lot
- Two or More Common Walls
- Security Fence
- Wrought Iron Fence
- Privacy Fence
- Landscaped
- Front Yard
Parking
- 8 Car Garage
Home Design
- Property Attached
- Turnkey
- Cosmetic Repairs Needed
- Slab Foundation
- Shingle Roof
- Composition Roof
Interior Spaces
- 9,648 Sq Ft Home
- 2-Story Property
- Dual Staircase
- Family Room
- Living Room
- Utility Room
- Laundry Room
Kitchen
- Gas Oven
- Gas Cooktop
- Free-Standing Range
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 18 Bedrooms
- 10 Bathrooms
Home Security
- Home Security System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Accessible Home Design
- More Than Two Accessible Exits
- Accessible Parking
Location
- Property is near park and public transit
Utilities
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Tax Lot 1154
- Tax Tract Number 5134
- Assessor Parcel Number 7126033023
Community Details
Overview
- No Home Owners Association
- 12 Units
- North Long Beach Subdivision
Amenities
- Laundry Facilities
Recreation
- Park
Building Details
- 12 Leased Units
- Rent Control
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $4,800
- Trash Expense $3,000
- Water Sewer Expense $5,400
- Operating Expense $13,200
- Gross Income $230,623
- Net Operating Income $147,671
Security
- Card or Code Access
- Gated Community
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 5, 2022
Sold by
Griswold Family Trust
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,025,000
Interest Rate
5.55%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 21, 2021
Sold by
Allden Properties Llc
Bought by
Griswold Family Trust and Griswold
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,875,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 8, 2020
Sold by
Allden Properties Llc
Bought by
Allden Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
2.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 21, 2009
Sold by
Scarpetti Allen and Scarpetti Denise
Bought by
Allden Properties Llc
Purchase Details
Closed on
May 10, 2001
Sold by
Scarpetti Allen and Scarpetti Denise C
Bought by
Scarpetti Allen and Scarpetti Denise
Purchase Details
Closed on
Nov 25, 1997
Sold by
Trust Glynn Edward F Co Tr Glynn Family
Bought by
Scarpetti Allen and Scarpetti Denise
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.33%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Dairy, CA
-
Gregory Jewett
-
Dave Shorter
Dave Shorter
David Shorter, Broker
(562) 418-5957
38 Total Sales
1 in Dairy
$379,000 Price
-
Bill Caiazzo
Bill Caiazzo
Responds QuicklyHomeSmart, Evergreen Realty
(657) 255-8637
106 Total Sales
1 in Dairy
$660,000 Price
-
Cassidy Tutt
Cassidy Tutt
WGroup Realtors
(562) 553-8110
44 Total Sales
1 in Dairy
$760,000 Price
-
Gonzalo Gomez
Gonzalo Gomez
EXCELLENCE RE REAL ESTATE
(562) 414-5730
40 Total Sales
1 in Dairy
$535,000 Price
-
James McCormick
James McCormick
Real Broker
(657) 238-1775
29 Total Sales
1 in Dairy
$351,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,275,000 | Ticor Title | ||
| Griswold Family Trust | $3,095,000 | Ticor Title | |
| Allden Properties Llc | -- | Ticor Title Company Of Ca | |
| Allden Properties Llc | -- | None Available | |
| Scarpetti Allen | -- | -- | |
| Scarpetti Allen | -- | North American Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $2,025,000 | ||
| Previous Owner | Griswold Keiko Kokubo | $1,875,000 | |
| Previous Owner | Allden Properties Llc | $1,300,000 | |
| Previous Owner | Allden Properties Llc | $1,100,000 | |
| Previous Owner | Scarpetti Allen | $715,000 | |
| Previous Owner | Scarpetti Allen | $580,000 | |
| Previous Owner | Scarpetti Allen C | $60,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/05/2022 10/05/22 | Sold | $3,275,000 | -3.0% | $339 / Sq Ft | |
| 07/25/2022 07/25/22 | Pending | -- | -- | -- | |
| 07/15/2022 07/15/22 | Price Changed | $3,375,000 | -3.6% | $350 / Sq Ft | |
| 06/17/2022 06/17/22 | For Sale | $3,500,000 | +13.1% | $363 / Sq Ft | |
| 08/27/2021 08/27/21 | Sold | $3,095,000 | 0.0% | $321 / Sq Ft | View Prior Sale |
| 06/04/2021 06/04/21 | Pending | -- | -- | -- | |
| 05/03/2021 05/03/21 | Price Changed | $3,095,000 | 0.0% | $321 / Sq Ft | |
| 05/03/2021 05/03/21 | For Sale | $3,095,000 | 0.0% | $321 / Sq Ft | |
| 04/28/2021 04/28/21 | Off Market | $3,095,000 | -- | -- | |
| 03/19/2021 03/19/21 | For Sale | $3,295,000 | -- | $342 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $45,955 | $3,475,455 | $716,315 | $2,759,140 |
| 2025 | $45,955 | $3,407,310 | $702,270 | $2,705,040 |
| 2024 | $43,945 | $3,340,500 | $688,500 | $2,652,000 |
| 2023 | $43,201 | $3,275,000 | $675,000 | $2,600,000 |
| 2022 | $39,179 | $3,095,000 | $695,000 | $2,400,000 |
| 2021 | $10,366 | $682,430 | $200,962 | $481,468 |
| 2020 | $10,336 | $675,434 | $198,902 | $476,532 |
| 2019 | $10,218 | $662,191 | $195,002 | $467,189 |
| 2018 | $9,776 | $649,208 | $191,179 | $458,029 |
| 2016 | $8,965 | $624,001 | $183,756 | $440,245 |
| 2015 | $8,643 | $614,629 | $180,996 | $433,633 |
| 2014 | $8,650 | $602,590 | $177,451 | $425,139 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Mahowald
Seller's Agent in 2022
Matt Mahowald
Buckingham Investments, Inc
(310) 982-7055
1 in this area
29 Total Sales
-
Anthony Walker
Buyer's Agent in 2022
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
2 in this area
86 Total Sales
-
Rick Elorriaga
Seller's Agent in 2021
Rick Elorriaga
Berkshire Hathaway HomeServices California Properties
(310) 373-0021
1 Total Sale
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22131119
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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