H
Seller's Agent in 2022
Hiu Chan
Hiu Chan, Broker
3850 Elm Ave Long Beach, CA 90807
Bixby Knolls NeighborhoodEstimated Value: $1,384,000 - $2,073,000
6
Beds
4
Baths
3,364
Sq Ft
$533/Sq Ft
Est. Value
Highlights
- Laundry Room
- Garden
- Wall Furnace
- Longfellow Elementary School Rated A-
- Wood Fence
About This Home
As of January 2022The subject property is located at the prime Bixby Knoll location in Long Beach. It is surrounded by million-dollar single family homes. The average household income exceeds $110,000 within one mile of the property. It is only minutes from the prestigious Virginia Country club, Steelcraft, Trader Joes and retail and restaurants.
The triplex property is consisted of 3 Bedroom 2 Bath house in the front and a 2 Bedroom 1 Bath unit and a 1 Bedroom 1 Bath unit in the back. It is nicely layout with plenty of open spaces on a rare to find extra-large 12,692 sqft lot. Each unit has its own private yards. Due to the size of the land, an astute investor may find great value added opportunities through redevelopment or adding ADUs to the property(please check with the city). There are also tremendous upside in the rent and better management in expenses. The owner pays for the gas and water for the 2 Bedroom unit. The 1 Bedroom 1 Bath unit is an all electricity unit and the electricity is paid by the tenant. The 3 Bedroom 2 Bath room front house tenant also pay for its own utilities including water. There are 3 garage parking space and 1 open parking space.
The property was built in 1929 with a few upgrades (electricity & plumbing) and additions throughout the year. Broker/Agent does not guarantee the accuracy of square footage, unit type, lot size, ordinances, zoning, permits, use code, concerning the conditions or features of the property provided by the seller or obtained from public records or other sources. Buyer is advised to independently verify the accuracy of all information.
Last Agent to Sell the Property
Hiu Chan
Hiu Chan, Broker License #01297322 Listed on: 11/29/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,594
Year Built
- Built in 1929
Lot Details
- 0.29 Acre Lot
- No Common Walls
- Wood Fence
- Garden
- Back and Front Yard
Parking
- 1 Open Parking Space
- 3 Car Garage
Home Design
- 3,364 Sq Ft Home
- Flat Roof Shape
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Additional Features
- Gas and Electric Range
- Urban Location
- Wall Furnace
Listing and Financial Details
- Legal Lot and Block 2 / G
- Tax Tract Number 4333
- Assessor Parcel Number 7139005013
- $732 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 3 Units
- Bixby Knolls Subdivision
Building Details
- Rent Control
- 3 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Gardener Expense $1,140
- Insurance Expense $1,251
- Water Sewer Expense $3,936
- Operating Expense $6,327
- Gross Income $82,220
- Net Operating Income $79,734
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 29, 2021
Closed on
Jan 25, 2022
Sold by
Lissa Mcgrath
Bought by
Mcgrath Jessica M
Seller's Agent
Hiu Chan
Hiu Chan, Broker
Buyer's Agent
Melinda Elmer
Century 21 Masters
List Price
$1,695,000
Sold Price
$1,695,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,004
Avg. Annual Appreciation
2.51%
Original Mortgage
$1,695,000
Outstanding Balance
$1,570,666
Interest Rate
3.22%
Mortgage Type
VA
Estimated Equity
$281,644
Purchase Details
Listed on
Nov 29, 2021
Closed on
Jan 13, 2022
Sold by
Franco Family Trust
Bought by
Mcgrath Jessica M
Seller's Agent
Hiu Chan
Hiu Chan, Broker
Buyer's Agent
Melinda Elmer
Century 21 Masters
List Price
$1,695,000
Sold Price
$1,695,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,695,000
Outstanding Balance
$1,570,666
Interest Rate
3.22%
Mortgage Type
VA
Estimated Equity
$281,644
Purchase Details
Listed on
Nov 29, 2021
Closed on
Dec 21, 2021
Sold by
Berik and Zina
Bought by
Franco Family Trust
Seller's Agent
Hiu Chan
Hiu Chan, Broker
Buyer's Agent
Melinda Elmer
Century 21 Masters
List Price
$1,695,000
Sold Price
$1,695,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,695,000
Outstanding Balance
$1,570,666
Interest Rate
3.22%
Mortgage Type
VA
Estimated Equity
$281,644
Purchase Details
Closed on
Sep 8, 2011
Sold by
Berik Mikhail and Berik Zina
Bought by
Berik Mikhail and Berik Zina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
4.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 3, 2002
Sold by
Franco Rafi
Bought by
Franco Rufina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.78%
Purchase Details
Closed on
Jun 20, 2002
Sold by
Ibbetson Edwin Thornton and Ibbetson Harriett Alice
Bought by
Berik Mikhail and Berik Zinaida
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.78%
Purchase Details
Closed on
Nov 27, 1996
Sold by
Ibbetson E T and Ibbetson Harriet A
Bought by
Ibbetson Edwin Thornton and Ibbetson Harriett Alice
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mcgrath Jessica M | -- | Ticor Title | |
| Mcgrath Jessica M | $1,695,000 | Ticor Title | |
| Franco Family Trust | -- | Ticor Title | |
| Franco Family Trust | -- | None Listed On Document | |
| Berik Mikhail | -- | North American Title Company | |
| Franco Rufina | -- | Lawyers Title Company | |
| Berik Mikhail | $500,000 | Lawyers Title Company | |
| Ibbetson Edwin Thornton | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mcgrath Jessica M | $1,695,000 | |
| Previous Owner | Berik Mikhail | $370,000 | |
| Previous Owner | Berik Mikhail | $397,500 | |
| Previous Owner | Franco Rufina | $397,000 | |
| Previous Owner | Berik Mikhail | $400,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2022 01/31/22 | Sold | $1,695,000 | 0.0% | $504 / Sq Ft |
| 01/06/2022 01/06/22 | Pending | -- | -- | -- |
| 11/29/2021 11/29/21 | For Sale | $1,695,000 | -- | $504 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $22,594 | $1,798,747 | $1,061,208 | $737,539 |
| 2024 | $22,594 | $1,763,478 | $1,040,400 | $723,078 |
| 2023 | $22,306 | $1,728,900 | $1,020,000 | $708,900 |
| 2022 | $9,432 | $728,048 | $272,950 | $455,098 |
| 2021 | $9,236 | $713,774 | $267,599 | $446,175 |
| 2020 | $9,212 | $706,457 | $264,856 | $441,601 |
| 2019 | $9,106 | $692,606 | $259,663 | $432,943 |
| 2018 | $8,793 | $679,026 | $254,572 | $424,454 |
| 2016 | $8,085 | $652,661 | $244,688 | $407,973 |
| 2015 | $7,765 | $642,858 | $241,013 | $401,845 |
| 2014 | $7,722 | $630,266 | $236,292 | $393,974 |
Source: Public Records
Agents Affiliated with this Home
-
-
Melinda Elmer
Buyer's Agent in 2022
Melinda Elmer
Century 21 Masters
(562) 316-2915
10 in this area
263 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21255999
APN: 7139-005-013
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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