NOT LISTED FOR SALE

3744 California Ave Long Beach, CA 90807

California Heights Neighborhood

Estimated Value: $1,297,000 - $1,708,000

5 Beds
4 Baths
2,708 Sq Ft
$533/Sq Ft Est. Value

Last Sold August 14, 2019

Last sale price $1,030,000 $380 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $8,788/month

53 Days on Market

About This Home

As of August 2019

**Front House address 3746 California** Beautiful and rare 2 homes on a lot in historic California Heights neighborhood. Front house at 3746 is a Spanish 2bd plus a den/office (built in desk and shelves), fireplace, AC, hardwood, extended 2 car garage. Kitchen remodeled approximately 9 years ago and one bathroom was remodeled last year (see photos). Rear home is 3bd 2ba over 2 one car garages featuring faux wood flooring, laundry, large kitchen, a private 2nd floor balcony, and newer paint. Seller recently spent approximately $60,000 on exterior upgrades which included concrete walk-ways, Spanish tile patio, a pergola, fences, and landscaping with drip irrigation and lighting.  Some of the grass in the back is artificial and never needs any maintenance.

Last Agent to Sell the Property

Chris Stone

Buckingham Investments, Inc. License #01311075 Listed on: 03/11/2019

Co-Listed By

Scott Mahan

Buckingham Investments, Inc. License #01955305

Last Buyer's Agent

Matthew Shinn

Shinn Real Estate Group License #01755855

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,299

Year Built

  • Built in 1925

Lot Details

  • 6,294 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Interior Spaces

  • 2,708 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 11 / 1
  • Tax Tract Number 5631
  • Assessor Parcel Number 7146001006

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $72,000
  • Net Operating Income $72,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,299

Year Built

Built in 1925

Lot Details

0

Parking

4

Listing Details

  • Inclusions: Furniture in front house
  • Property Attached: No
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7146001006
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 380.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6294.00
  • Lot Size Acres: 0.1445

Multi Family

  • Gross Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Lot Size Area: 6294.0000 Square Feet
  • Net Operating Income: 72000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 7385.00

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 5720.01
  • Tax Lot: 11
  • Tax Tract Number: 5631

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2019
Closed on
Aug 6, 2019
Sold by
Security Eat 312 Inc
Bought by
Nye Reid Deon and Reid Dawn L
Seller's Agent
Chris Stone
Buckingham Investments, Inc.
Buyer's Agent
Matthew Shinn
Shinn Real Estate Group
List Price
$1,100,000
Sold Price
$1,030,000
Premium/Discount to List
-$70,000
-6.36%
Current Estimated Value
$1,444,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$414,220
Avg. Annual Appreciation
5.57%
Original Mortgage
$772,500
Outstanding Balance
$675,520
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$768,700

Purchase Details

Listed on
Mar 11, 2019
Closed on
Jul 27, 2019
Sold by
Variano D Jason
Bought by
Security Eat 312 Inc
Seller's Agent
Chris Stone
Buckingham Investments, Inc.
Buyer's Agent
Matthew Shinn
Shinn Real Estate Group
List Price
$1,100,000
Sold Price
$1,030,000
Premium/Discount to List
-$70,000
-6.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$772,500
Outstanding Balance
$675,520
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$768,700

Purchase Details

Closed on
Feb 13, 2012
Sold by
Variano Chelsea Emata
Bought by
Variano Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,850
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2008
Sold by
Krieger Paula
Bought by
Variano D Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 4, 2004
Sold by
Walton Kay W and Walton Family Trust
Bought by
Krieger Paula

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$564,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Nye Reid Deon $1,030,000 Progressive Title Co Inc
Security Eat 312 Inc -- None Available
Variano Jason -- Progressive Title Company
Variano D Jason $665,000 Ticor Title Co Glendale
Krieger Paula $705,000 --
Walton Kay Worth -- --
Walton Kay W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nye Reid Deon $772,500
Previous Owner Variano Jason $533,850
Previous Owner Variano D Jason $532,000
Previous Owner Krieger Paula $564,000
Closed Krieger Paula $105,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2019 08/14/19 Sold $1,030,000 -6.4% $380 / Sq Ft
05/03/2019 05/03/19 Pending -- -- --
03/11/2019 03/11/19 For Sale $1,100,000 -- $406 / 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 $14,299 $1,126,451 $601,503 $524,948
2024 $14,299 $1,104,364 $589,709 $514,655
2023 $14,064 $1,082,711 $578,147 $504,564
2022 $13,201 $1,061,482 $566,811 $494,671
2021 $12,942 $1,040,670 $555,698 $484,972
2020 $12,908 $1,030,000 $550,000 $480,000
2019 $9,930 $783,026 $470,994 $312,032
2018 $9,591 $767,673 $461,759 $305,914
2016 $8,810 $737,865 $443,829 $294,036
2015 $8,454 $726,783 $437,163 $289,620
2014 $6,715 $565,000 $339,900 $225,100
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Chris Stone

    Buckingham Investments, Inc.

    (562) 624-4400

    5 Total Sales

    Chris Stone
    Section Image

  • S

    Seller Co-Listing Agent in 2019

    Scott Mahan

    Buckingham Investments, Inc.

    Section Image
  • Matthew Shinn

    Buyer's Agent in 2019

    Matthew Shinn

    Shinn Real Estate Group

    (310) 968-3898

    62 Total Sales

    Matthew Shinn
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN19054353

California Regional Multiple Listing Service (CRMLS)

APN: 7146-001-006

California Los Angeles County Long Beach 90807 California Heights

3744 California Ave, Long Beach, CA

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