NOT LISTED FOR SALE

Estimated Value: $869,000 - $1,087,000

3 Beds
2 Baths
1,652 Sq Ft
$588/Sq Ft Est. Value

Last Sold August 31, 2022

Last sale price $915,000 $554 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,140/month

40 Days on Market

Highlights

  • Laundry Room
  • 2 Car Garage
  • Back and Front Yard
  • Woodrow Wilson High School Rated A

About This Home

As of August 2022

Price Reduced over $50k!! This Sharp Duplex is in an Excellent Corner Lot Location in the Circle Area of Long Beach! This Home Features a Front Unit with 2 beds 1 bath and a den. The separate Bright and Airy 1 bedroom 1 bath unit above the garages features peekaboo views! Each unit has a 1 car garage and a parking space!! Both Units have their own Laundry Areas as well. Close to Shopping Schools and Transportation!! Don't Miss out on owning your own home with rental income!!

Last Agent to Sell the Property

Jack Pisciotta

Long Beach Real Estate License #01091796 Listed on: 06/25/2022

Last Buyer's Agent

Lindsey Iskierka

Real Brokerage Technologies License #01989065

Real Brokerage Technologies

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,825

Year Built

  • Built in 1924

Lot Details

  • 4,105 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Interior Spaces

  • 1,652 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 14
  • Tax Tract Number 8613
  • Assessor Parcel Number 7253014025

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $35
  • Water Sewer Expense $140
  • Operating Expense $4,560
  • Gross Income $52,800
  • Net Operating Income $48,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,825

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 457500
  • Property Attached: No
  • Water Sewer Expenses: 140.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7253014025
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 553.87

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 35.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 4105.00
  • Lot Size Acres: 0.0942

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 52800.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 4105.0000 Square Feet
  • Net Operating Income: 48240.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 4560.00
  • Rent Control: No
  • Total Actual Rent: 4400.00
  • Total Expenses: 4560.00

Tax Info

  • Tax Census Tract: 5750.02
  • Tax Lot: 14
  • Tax Tract Number: 8613

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2022
Closed on
Aug 26, 2022
Sold by
Nina Toubia
Bought by
Toubia Ghassan
Seller's Agent
Jack Pisciotta
Long Beach Real Estate
Buyer's Agent
Lindsey Iskierka
Real Brokerage Technologies
List Price
$950,000
Sold Price
$915,000
Premium/Discount to List
-$35,000
-3.68%
Total Days on Market
40
Views
3
Current Estimated Value
$971,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,280
Avg. Annual Appreciation
2.19%
Original Mortgage
$869,250
Outstanding Balance
$836,767
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$134,513

Purchase Details

Listed on
Jun 25, 2022
Closed on
Aug 15, 2022
Sold by
Sears Brent A and Sears Katherine A
Bought by
Toubia Christopher and Toubia Ghassan
Seller's Agent
Jack Pisciotta
Long Beach Real Estate
Buyer's Agent
Lindsey Iskierka
Real Brokerage Technologies
List Price
$950,000
Sold Price
$915,000
Premium/Discount to List
-$35,000
-3.68%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$869,250
Outstanding Balance
$836,767
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$134,513
Source: Public Records

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Range of Values:

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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
Toubia Ghassan -- Orange Coast Title
Toubia Christopher $915,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Toubia Christopher $869,250
Previous Owner Sears Brent A $291,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2022 08/31/22 Sold $915,000 0.0% $554 / Sq Ft
08/09/2022 08/09/22 Price Changed $915,000 +1.9% $554 / Sq Ft
08/01/2022 08/01/22 Price Changed $898,000 -5.5% $544 / Sq Ft
06/25/2022 06/25/22 For Sale $950,000 -- $575 / 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
2024 $11,825 $933,300 $746,640 $186,660
2023 $11,713 $915,000 $732,000 $183,000
2022 $2,221 $160,051 $100,527 $59,524
2021 $2,171 $156,913 $98,556 $58,357
2019 $2,141 $152,261 $95,634 $56,627
2018 $2,058 $149,276 $93,759 $55,517
2016 $1,895 $143,481 $90,119 $53,362
2015 $1,823 $141,327 $88,766 $52,561
2014 $1,817 $138,560 $87,028 $51,532
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22134102

California Regional Multiple Listing Service (CRMLS)

APN: 7253-014-025