NOT LISTED FOR SALE

Estimated Value: $771,000 - $1,041,000

3 Beds
2 Baths
1,368 Sq Ft
$652/Sq Ft Est. Value

Last Sold October 16, 2024

Last sale price $850,000 $621 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,345/month

3 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Ceiling Fan
  • Woodrow Wilson High School Rated A
  • Laundry Room
  • Wall Furnace

About This Home

As of October 2024

**Charming Duplex in Long Beach: Live & Earn in a Prime Coastal Location**

Discover this **quaint duplex** in the heart of Long Beach, perfectly suited for both homeowners and investors. This **move-in-ready property** offers a unique opportunity to **live in one unit and rent out the other,** providing a seamless blend of comfortable living and income generation. (Unit 1 is a 2 bdrm 1 bath. Unit 2 is a 1 bdrm 1 bath)

**Property Highlights:**

- **Dual Units:** Each unit features a private entrance, newer floors, and updated kitchens..
- **Outdoor Spaces:** The exterior features classic architectural details with a touch of bungalow coastal charm, complete with a well-maintained front yard.
- **Prime Location:** Situated in a desirable Long Beach neighborhood, with easy access to shops, restaurants, beaches, and public transportation.

**Why This Duplex is a Smart Investment:**

- **Rental Income Potential:** Generate steady income by renting out one unit while living in the other, significantly offsetting your mortgage.
- **Build Equity:** Use rental income to pay down your mortgage, steadily increasing your property equity.
- **Tax Benefits:** Take advantage of various tax deductions, including mortgage interest, property taxes, and maintenance costs.
- **Flexibility:** Manage your rental property with ease while enjoying the flexibility to rent out both units in the future.
- **Increased Value:** Maintain and update the property to boost its market value, ensuring a profitable sale down the line.
- **Community & Security:** Benefit from living close to your tenant, creating a safe and friendly community atmosphere.

This **versatile duplex** offers the perfect balance of **comfortable living and smart investment,** all within the vibrant, coastal city of Long Beach. Whether you're looking to establish a home base or expand your real estate portfolio, this property is a must-see!

**Schedule a viewing today** and take the first step toward owning a prime piece of Long Beach real estate that pays for itself!

Last Agent to Sell the Property

Ricardo Perdomo

Realty Connection Group Brokerage Phone: 562-533-4003 License #01847698 Listed on: 09/01/2024

Last Buyer's Agent

Rick Rodriguez

Century 21 Realty Masters License #01150756

Century 21 Realty Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 2,681 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,368 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling Available
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 10 / 3
  • Tax Tract Number 1981
  • Assessor Parcel Number 7253008012
  • $399 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Trash Expense $960
  • Net Operating Income $9

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Inclusions: Your eternal happiness.
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Zoning: LBR2N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7253008012
  • Year Built: 1923
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 621.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 960.00
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2681.00
  • Lot Size Acres: 0.0615

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 55560.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 2681.0000 Square Feet
  • Net Operating Income: 9.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 9.00
  • Rent Control: No

Tax Info

  • Tax Block: 3
  • Tax Census Tract: 5750.02
  • Tax Lot: 10
  • Tax Tract Number: 1981
  • TaxOtherAnnualAssessmentAmount: 399.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2024
Closed on
Oct 7, 2024
Sold by
Stephens Kenneth Phillips
Bought by
Plumtree Angelina Maria
Seller's Agent
Ricardo Perdomo
Realty Connection Group
Buyer's Agent
Rick Rodriguez
Century 21 Realty Masters
List Price
$799,000
Sold Price
$850,000
Premium/Discount to List
$51,000
6.38%
Views
26
Current Estimated Value
$891,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,446
Avg. Annual Appreciation
4.08%
Original Mortgage
$680,000
Outstanding Balance
$672,181
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$219,265

Purchase Details

Listed on
Sep 1, 2024
Closed on
Sep 12, 2024
Sold by
Bass Kelly
Bought by
Brunner Nicholas and Plumtree Angelina Maria
Seller's Agent
Ricardo Perdomo
Realty Connection Group
Buyer's Agent
Rick Rodriguez
Century 21 Realty Masters
List Price
$799,000
Sold Price
$850,000
Premium/Discount to List
$51,000
6.38%
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Outstanding Balance
$672,181
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$219,265

Purchase Details

Listed on
Jan 25, 2017
Closed on
Feb 21, 2017
Sold by
Baker Howard
Bought by
Bass Kelly
Seller's Agent
Phil Appleby
Appleby Real Estate Brokerage
Buyer's Agent
Ricardo Perdomo
UNQ Realty
List Price
$569,000
Sold Price
$550,000
Premium/Discount to List
-$19,000
-3.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.90%
Original Mortgage
$440,000
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2005
Sold by
Silva Baker Dolores
Bought by
Baker Howard and Silva Baker Dolores

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
5.64%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 13, 2001
Sold by
Correa Cynthia
Bought by
Rivera Dolores E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.87%

Purchase Details

Closed on
May 2, 2001
Sold by
Saljado Rafael
Bought by
Correa Cynthia

Purchase Details

Closed on
Feb 12, 1997
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Vela Cynthia Correa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,161
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
May 15, 1996
Sold by
Kalina John and Kalina Cyndie
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Apr 11, 1996
Sold by
Lvp Ltd Partnership
Bought by
Jerico Ltd Partnership

Purchase Details

Closed on
Dec 20, 1995
Sold by
Kalina John
Bought by
Beaulieu Holdings and Trillium Business Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Plumtree Angelina Maria -- Pacific Coast Title
Brunner Nicholas $850,000 Pacific Coast Title Company
Bass Kelly $550,000 Ortc
Baker Howard -- First American Title Ins Co
Rivera Dolores E $225,000 North American Title Co
Correa Cynthia -- --
Vela Cynthia Correa $79,000 Provident Title Company
Federal Home Loan Mortgage Corporation $120,000 --
Jerico Ltd Partnership -- --
Beaulieu Holdings -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brunner Nicholas $680,000
Previous Owner Bass Kelly $440,000
Previous Owner Baker Howard $60,000
Previous Owner Rivera Dolores E $180,000
Previous Owner Vela Cynthia Correa $79,161
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2024 10/16/24 Sold $850,000 +6.4% $621 / Sq Ft
09/05/2024 09/05/24 Pending -- -- --
09/01/2024 09/01/24 For Sale $799,000 0.0% $584 / Sq Ft
03/02/2024 03/02/24 Rented $2,500 0.0% --
03/02/2024 03/02/24 For Rent $2,500 0.0% --
02/16/2024 02/16/24 Off Market $2,500 -- --
02/05/2024 02/05/24 Price Changed $2,500 -10.7% $3 / Sq Ft
01/29/2024 01/29/24 For Rent $2,800 0.0% --
03/17/2017 03/17/17 Sold $550,000 -3.3% $402 / Sq Ft View Prior Sale
02/14/2017 02/14/17 Pending -- -- --
01/25/2017 01/25/17 For Sale $569,000 -- $416 / 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 $8,084 $850,000 $500,000 $350,000
2024 $8,084 $625,803 $438,062 $187,741
2023 $7,945 $613,533 $429,473 $184,060
2022 $7,456 $601,503 $421,052 $180,451
2021 $7,306 $589,710 $412,797 $176,913
2019 $7,199 $572,220 $400,554 $171,666
2018 $7,002 $561,000 $392,700 $168,300
2016 $3,532 $280,776 $62,392 $218,384
2015 $3,393 $276,559 $61,455 $215,104
2014 $3,377 $271,143 $60,252 $210,891
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24176786

California Regional Multiple Listing Service (CRMLS)

APN: 7253-008-012