NOT LISTED FOR SALE

Estimated Value: $690,330 - $760,000

4 Beds
4 Baths
1,884 Sq Ft
$380/Sq Ft Est. Value

Last Sold January 20, 2017

Last sale price $470,000 $249 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $4,032/month

21 Days on Market

Highlights

  • No HOA
  • Long Beach Polytechnic High School Rated A
  • Level Lot

About This Home

As of January 2017

Amazing Opportunity to Own Units in Long Beach!! Two Side by Side Units that are 2 Stories - Featuring 2 Separate Entrances and Separate Single Car Garages. On 21st Street there are multiple addresses at 400 21st St, you have to take the alley to 400 21st Street Unit #F-G. Each unit is metered separately for gas and electric! Unit Mix Consists of (1) 2bed/1.5bath 884 Sq Ft leased at$1,315/mo through October 2017 and (1) 2bed/1.5bath 1,000 Sq Ft. leased at $1,410/mo through December 2016. Don’t miss out….This Investment Property Won’t Last! Live in One and Rent out the Other, or purchase for Instant Cash Flow. If you are Looking for a Good ROI, look no further-- This Investment Property Won’t Last!

Last Agent to Sell the Property

Jessica Nieto

Brooke Realty License #01923684 Listed on: 11/08/2016

Last Buyer's Agent

Esther J Chun

Casado Real Estate Inc. License #01974491

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 2,687 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • 1,884 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 2
  • Assessor Parcel Number 7209012005

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $11,445
  • Net Operating Income $21,255

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Zoning: LBPD29
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7209012005
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 249.47

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Single Door, On Site
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 2687.00

Multi Family

  • Gross Scheduled Income: 32700.00
  • Net Operating Income: 21255.00
  • 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: 11445.00
  • Rent Control: No
  • Total Actual Rent: 31848.00
  • Total Expenses: 11445.00

Tax Info

  • Tax Census Tract: 5732.02
  • Tax Lot: 13
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 25, 1996
Sold by
Rivera Juanito and Rivera Juan
Bought by
Rivera Maria S
Current Estimated Value
$716,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.53%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Rivera Maria S -- Continental Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Rivera Maria S $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/20/2017 01/20/17 Sold $470,000 +2.2% $249 / Sq Ft
11/29/2016 11/29/16 Pending -- -- --
11/08/2016 11/08/16 For Sale $460,000 +100.0% $244 / Sq Ft
10/30/2015 10/30/15 Sold $230,000 0.0% $342 / Sq Ft View Prior Sale
10/13/2015 10/13/15 For Sale $230,000 0.0% $342 / Sq Ft
10/10/2015 10/10/15 Pending -- -- --
08/31/2015 08/31/15 For Sale $230,000 0.0% $342 / Sq Ft
08/20/2015 08/20/15 Pending -- -- --
08/08/2015 08/08/15 Pending -- -- --
07/10/2015 07/10/15 For Sale $230,000 0.0% $342 / Sq Ft
07/09/2015 07/09/15 Off Market $230,000 -- --
06/29/2015 06/29/15 For Sale $230,000 -34.3% $342 / Sq Ft
07/19/2013 07/19/13 Sold $350,000 0.0% $186 / Sq Ft View Prior Sale
06/24/2013 06/24/13 Pending -- -- --
05/24/2013 05/24/13 For Sale $349,888 -- $186 / 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 $3,440 $258,928 $187,640 $71,288
2024 $3,440 $253,852 $183,961 $69,891
2023 $3,377 $248,875 $180,354 $68,521
2022 $3,176 $243,996 $176,818 $67,178
2021 $3,098 $239,212 $173,351 $65,861
2019 $3,049 $232,118 $168,210 $63,908
2018 $2,924 $227,567 $164,912 $62,655
2016 $2,677 $218,732 $158,509 $60,223
2015 $2,573 $215,448 $156,129 $59,319
2014 $2,720 $211,229 $153,071 $58,158
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16740460

California Regional Multiple Listing Service (CRMLS)

APN: 7209-012-010