NOT LISTED FOR SALE

Estimated Value: $1,133,000 - $1,375,757

4 Beds
2 Baths
1,838 Sq Ft
$671/Sq Ft Est. Value

Last Sold September 12, 2023

Last sale price $1,075,000 $585 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $7,729/month

11 Days on Market

Highlights

  • Golf Course Community
  • Private Yard
  • 2 Car Garage
  • Los Cerritos Elementary School Rated A
  • Laundry Room
  • Vinyl Fence

About This Home

As of September 2023

Location, Location, Location!! Check out this Long Beach, Los Cerritos Duplex in an amazing neighborhood located about 1 mile to the Virginia Country Club and adjacent to Bixby Knolls. These are two stand-alone homes each having 2 bedrooms and 1 bathroom.   They are estimated to be about 900 sq. feet each.  Front house is turn-key with a bonus home office room, a front lawn and rear enclosed patio/grass area.  The rear home has an attached 2 car garage with additional upper storage space.  Includes a long gated driveway,  fitting multiple cars or an RV/Boat.  Back unit has a large concrete patio in front of the home for entertainment, as well as a rear patio.  Vinyl fencing separates both units for privacy and there is a walkway and separate entry for the back unit.  Both units have updated plumbing and electrical and each have laundry hookups and updated vinyl windows.  Tenants will be coming with the property.   Don't miss this unique opportunity in an incredible area!

Last Agent to Sell the Property

Kimiah Wyer

Keller Williams South Bay License #01406782 Listed on: 08/11/2023

Keller Williams South Bay

Last Buyer's Agent

Lauren Friedman

Keller Williams Pacific Estate License #01898581

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,883

Year Built

  • Built in 1951

Lot Details

  • 7,850 Sq Ft Lot
  • No Common Walls
  • Vinyl Fence
  • Paved or Partially Paved Lot
  • Private Yard
  • Lawn
  • Back and Front Yard

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,838 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen

Additional Features

  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 5 / C
  • Tax Tract Number 4921
  • Assessor Parcel Number 7141009032
  • $527 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Los Cerritos Subdivision

Recreation

  • Golf Course Community

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,187
  • Water Sewer Expense $780
  • Operating Expense $1,967
  • Gross Income $50,591
  • Net Operating Income $48,623

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,883

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 560000
  • Property Attached: No
  • Subdivision Name Other: Los Cerritos (LC)
  • Water Sewer Expenses: 780.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7141009032
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 584.87
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Vinyl
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage, In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Golf, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Paved, Yard
  • Lot Size Sq Ft: 7850.00
  • Lot Size Acres: 0.1802

Multi Family

  • Gross Income: 50590.80
  • Gross Scheduled Income: 50591.00
  • Insurance Expense: 1187.00
  • Lot Size Area: 7850.0000 Square Feet
  • Net Operating Income: 48623.00
  • 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
  • Operating Expense: 1967.00
  • Rent Control: Yes
  • Total Actual Rent: 4215.90
  • Total Expenses: 1967.00

Tax Info

  • Tax Block: C
  • Tax Census Tract: 5779.00
  • Tax Lot: 5
  • Tax Tract Number: 4921
  • TaxOtherAnnualAssessmentAmount: 527.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2023
Closed on
Aug 28, 2023
Sold by
Moore John M and Moore April M
Bought by
Murillo Bianca and Rubie Teresa
Seller's Agent
Kimiah Wyer
Keller Williams South Bay
Buyer's Agent
Lauren Friedman
Keller Williams Pacific Estate
List Price
$1,120,000
Sold Price
$1,075,000
Premium/Discount to List
-$45,000
-4.02%
Views
79
Current Estimated Value
$1,233,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,439
Avg. Annual Appreciation
6.45%
Original Mortgage
$725,000
Outstanding Balance
$709,889
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$509,779

Purchase Details

Closed on
Aug 25, 2009
Sold by
Alward John S and Alward Lisa M
Bought by
Moore John M and Moore April M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$616,625
Interest Rate
5.05%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 4, 2009
Sold by
Alward John S and Alward Lisa M
Bought by
Alward John S and Alward Lisa M

Purchase Details

Closed on
Jun 12, 2003
Sold by
Alward John and Alward Lisa
Bought by
Alward John S and Alward Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
5.37%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 24, 2000
Sold by
Martineau Theresa and Marie A Ferris Trust
Bought by
Alward John S and Alward Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,700
Interest Rate
8.01%
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
Murillo Bianca $1,075,000 Fidelity National Title
Moore John M $628,000 Fatcola
Alward John S -- None Available
Alward John S -- Chicago Title Co
Alward John S $290,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murillo Bianca $725,000
Previous Owner Moore John M $596,865
Previous Owner Moore John M $616,625
Previous Owner Alward John S $266,775
Previous Owner Alward John S $110,000
Previous Owner Alward John S $388,000
Previous Owner Alward John S $133,000
Previous Owner Alward John S $256,000
Previous Owner Alward John S $252,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2023 09/12/23 Sold $1,075,000 -4.0% $585 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
08/11/2023 08/11/23 For Sale $1,120,000 0.0% $609 / Sq Ft
10/30/2016 10/30/16 Rented $1,950 0.0% --
10/30/2016 10/30/16 Under Contract -- -- --
10/30/2016 10/30/16 For Rent $1,950 -- --
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 $13,883 $1,096,500 $765,000 $331,500
2024 $13,883 $1,075,000 $750,000 $325,000
2023 $10,301 $784,456 $434,237 $350,219
2022 $9,672 $769,075 $425,723 $343,352
2021 $9,483 $753,996 $417,376 $336,620
2020 $9,459 $746,266 $413,097 $333,169
2019 $9,349 $731,635 $404,998 $326,637
2018 $9,023 $717,290 $397,057 $320,233
2016 $8,300 $689,439 $381,640 $307,799
2015 $7,965 $679,084 $375,908 $303,176
2014 $7,910 $665,783 $368,545 $297,238
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23139739

California Regional Multiple Listing Service (CRMLS)

APN: 7141-009-032