NOT LISTED FOR SALE

Estimated Value: $1,696,000 - $2,010,000

9 Beds
5 Baths
4,118 Sq Ft
$447/Sq Ft Est. Value

Last Sold October 26, 2021

Last sale price $1,579,999 $384 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $11,478/month

125 Days on Market

Highlights

  • Laundry Room
  • Wall Furnace
  • Front Yard
  • Woodrow Wilson High School Rated A

About This Home

As of October 2021

*** PERFERT FOUR UNITS LOCATED IN A BEAUTIFUL LOCATION OF LONG BEACH *** Just blocks from the beach and Ocean Blvd! Not to mention, minutes from downtown and Pine Street, the Pike, Queen Mary, restaurants, shopping and night live. The front home is THREE bedrooms and TWO bathrooms. The other three units are TWO bedrooms and one bathroom each. A separate laundry room for the tenants with FOUR garages. This property is very well maintained. Each unit has spacious bedrooms and large living areas. Enjoy the quiet area with just walking distance from the beach. This is a great long term investment opportunity. Come and see...

Last Agent to Sell the Property

Jose Manjarrez

eHomes License #01829173 Listed on: 05/21/2021

eHomes

Co-Listed By

Anthony Manjarrez

eHomes License #02059022

Last Buyer's Agent

Breanna Martinez Webb

CENTURY 21 MASTERS License #01828543

CENTURY 21 MASTERS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 6,500 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • 4,118 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry Room
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 9
  • Tax Tract Number 5768
  • Assessor Parcel Number 7257012010

Community Details

Overview

  • 4 Units
  • Belmont Heights Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $1,440
  • Fuel Expense $1,100
  • Gardener Expense $1,200
  • Insurance Expense $1,400
  • Trash Expense $304
  • Water Sewer Expense $3,360
  • New Taxes Expense $20,000
  • Operating Expense $28,804
  • Gross Income $480
  • Net Operating Income $67,440

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 3360.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7257012010
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 383.68

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 304.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6500.00
  • Lot Size Acres: 0.1492

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 1440.00
  • Fuel Expense: 1100.00
  • Gross Income: 480.00
  • Gross Scheduled Income: 85320.00
  • Insurance Expense: 1400.00
  • Laundry Income: 480.00
  • Lot Size Area: 6500.0000 Square Feet
  • Net Operating Income: 67440.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 17880.00
  • Rent Control: No
  • Total Expenses: 28804.00

Tax Info

  • New Taxes Expense: 20000.00
  • Tax Lot: 9
  • Tax Tract Number: 5768

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2005
Sold by
Ruan Francisco and Ruan Vicenta
Bought by
Barajas Gerardo
Current Estimated Value
$1,841,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$867,500
Interest Rate
1.95%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 9, 2004
Sold by
Brooks Gregory W and Brooks Karen
Bought by
Ruan Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$695,100
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
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
Barajas Gerardo $1,250,000 Security Union Title
Ruan Francisco $993,000 Natc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barajas Gerardo $867,500
Previous Owner Ruan Francisco $695,100
Closed Ruan Francisco $198,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2021 10/26/21 Sold $1,579,999 -1.3% $384 / Sq Ft
09/23/2021 09/23/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $1,599,999 0.0% $389 / Sq Ft
08/01/2021 08/01/21 Pending -- -- --
06/28/2021 06/28/21 For Sale $1,599,999 +1.3% $389 / Sq Ft
06/23/2021 06/23/21 Off Market $1,579,999 -- --
05/21/2021 05/21/21 For Sale $1,599,999 -- $389 / 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 $22,329 $1,676,708 $1,008,147 $668,561
2024 $21,362 $1,643,832 $988,380 $655,452
2023 $21,006 $1,611,600 $969,000 $642,600
2022 $19,715 $1,580,000 $950,000 $630,000
2021 $19,671 $1,578,132 $1,073,132 $505,000
2019 $19,391 $1,531,325 $1,041,303 $490,022
2018 $18,851 $1,501,300 $1,020,886 $480,414
2016 $17,335 $1,443,005 $981,245 $461,760
2015 $16,633 $1,421,330 $966,506 $454,824
2014 $16,512 $1,393,489 $947,574 $445,915
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21107374

California Regional Multiple Listing Service (CRMLS)

APN: 7257-012-010