Seller's Agent in 2021
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
6 in this area
90 Total Sales
401 E 7th St Long Beach, CA 90813
Saint Mary's NeighborhoodEstimated Value: $1,100,000 - $1,469,000
7
Beds
6
Baths
2,886
Sq Ft
$439/Sq Ft
Est. Value
Highlights
- No HOA
- 4-minute walk to 5Th Street Station
- Wood Fence
- Long Beach Polytechnic High School Rated A
About This Home
As of November 2021Craftsman corner lot 4-unit property in Downtown Long Beach's East Village Arts District. Great curb appeal and filled with character, only blocks away from billions of dollars in new development, restaurants, galleries, studios, and the ocean. Excellent value-add opportunity with 2 units to be delivered vacant plus a 15% upside in current rents. Strong in-place income at 14.33X gross on current rents and a market GRM of 12.5. 2 garages for additional income and tenant convenience. Rare opportunity to own a well-located 4-unit property for just above $1M. Great unit mix in dense rental market with low vacancy. Perfect for an owner occupant buyer or as an investment property.
Last Agent to Sell the Property
Buckingham Investments, Inc License #01908153 Listed on: 09/06/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 3,760 Sq Ft Lot
- Two or More Common Walls
- Wood Fence
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
Home Design
- 2,886 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 9 / 29
- Tax Tract Number 44563
- Assessor Parcel Number 7273019013
Community Details
Overview
- No Home Owners Association
- 4 Units
- Downtown Subdivision
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,436
- Gardener Expense $660
- Insurance Expense $1,600
- Maintenance Expense $3,636
- Pest Control $500
- Professional Management Expense $4,363
- Trash Expense $1,436
- Water Sewer Expense $1,436
- New Taxes Expense $13,688
- Operating Expense $29,257
- Gross Income $2,400
- Net Operating Income $43,459
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 14, 2022
Sold by
Nguyen Long P and Nguyen Anh Quynh
Bought by
Kpn Properties Llc
Current Estimated Value
Purchase Details
Listed on
Sep 6, 2021
Closed on
Oct 8, 2021
Sold by
Kagasoff Edon
Bought by
Kagasoff Ashley
Seller's Agent
Anthony Walker
Buckingham Investments, Inc
Buyer's Agent
Vincent Cook
Kidder Mathews of California, Inc
List Price
$1,095,000
Sold Price
$1,140,000
Premium/Discount to List
$45,000
4.11%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.56%
Purchase Details
Listed on
Apr 9, 2015
Closed on
May 22, 2015
Sold by
Johnson Justin C
Bought by
Barajas Noel and Barajas Priscilla
Seller's Agent
Spencer Pabst
Pabst, Kinney & Associates
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$639,900
Sold Price
$640,000
Premium/Discount to List
$100
0.02%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.44%
Original Mortgage
$480,000
Interest Rate
3.64%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 28, 2012
Sold by
Cal Pac Mortgage Fund Llc
Bought by
Johnson Justin C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,250
Interest Rate
3.35%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 10, 2012
Sold by
Calpac Management Inc
Bought by
Calpac Mortgage Fund Llc
Purchase Details
Closed on
Sep 15, 2011
Sold by
Woo Gordon and Woo Joyce
Bought by
Cal Pac Management Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 20, 2003
Sold by
Gonzalez Julio R and Gonzalez Julia F
Bought by
Gonzalez Julio R and Gonzalez Julia F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,300
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 2, 2003
Sold by
Hernandez Claudio
Bought by
Woo Gordon and Woo Joyce
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,300
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 31, 2002
Sold by
Chadwick Felipa C
Bought by
Hernandez Claudio
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
6.6%
Purchase Details
Closed on
Feb 15, 2002
Sold by
Orozco Avelino
Bought by
Chadwick Felipa
Purchase Details
Closed on
May 28, 1999
Sold by
Deutsch Walter S and Deutsch Hope Jean
Bought by
Orozco Avelino
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
7.2%
Mortgage Type
Construction
Purchase Details
Closed on
Dec 29, 1998
Sold by
Trust Deutsch Walter And Hope Trs Deutsc
Bought by
Deutsch Walter S and Deutsch Hope Jean
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 |
|---|---|---|---|
| Kpn Properties Llc | -- | None Listed On Document | |
| Kagasoff Ashley | -- | Fidelity National Title Co | |
| Barajas Noel | $640,000 | Chicago Title | |
| Johnson Justin C | $495,000 | Usa National Title Co | |
| Calpac Mortgage Fund Llc | -- | Accommodation | |
| Cal Pac Management Inc | $245,000 | Accommodation | |
| Gonzalez Julio R | -- | -- | |
| Woo Gordon | $499,000 | Commerce Title | |
| Hernandez Claudio | -- | -- | |
| Chadwick Felipa | $73,079 | -- | |
| Orozco Avelino | -- | North American Title | |
| Orozco Avelino | -- | North American Title | |
| Deutsch Walter S | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Barajas Noel | $480,000 | |
| Previous Owner | Johnson Justin C | $371,250 | |
| Previous Owner | Cal Pac Management Inc | $225,000 | |
| Previous Owner | Woo Gordon | $349,300 | |
| Previous Owner | Hernandez Claudio | $279,000 | |
| Previous Owner | Orozco Avelino | $145,000 | |
| Closed | Woo Gordon | $99,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/01/2021 11/01/21 | Sold | $1,140,000 | +4.1% | $395 / Sq Ft | |
| 09/16/2021 09/16/21 | Pending | -- | -- | -- | |
| 09/06/2021 09/06/21 | For Sale | $1,095,000 | +71.1% | $379 / Sq Ft | |
| 06/09/2015 06/09/15 | Sold | $640,000 | 0.0% | $222 / Sq Ft | View Prior Sale |
| 04/28/2015 04/28/15 | Pending | -- | -- | -- | |
| 04/09/2015 04/09/15 | For Sale | $639,900 | +29.3% | $222 / Sq Ft | |
| 12/15/2012 12/15/12 | Sold | $495,000 | -0.8% | $172 / Sq Ft | View Prior Sale |
| 11/26/2012 11/26/12 | Pending | -- | -- | -- | |
| 08/09/2012 08/09/12 | For Sale | $499,000 | -- | $173 / 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 | $15,505 | $1,209,776 | $785,293 | $424,483 |
| 2024 | $15,505 | $1,186,056 | $769,896 | $416,160 |
| 2023 | $15,242 | $1,162,800 | $754,800 | $408,000 |
| 2022 | $14,305 | $1,140,000 | $740,000 | $400,000 |
| 2021 | $9,169 | $710,602 | $499,643 | $210,959 |
| 2020 | $9,145 | $703,316 | $494,520 | $208,796 |
| 2019 | $9,038 | $689,526 | $484,824 | $204,702 |
| 2018 | $8,792 | $676,007 | $475,318 | $200,689 |
| 2016 | $8,087 | $649,759 | $456,862 | $192,897 |
| 2015 | $6,272 | $507,181 | $358,613 | $148,568 |
| 2014 | -- | $497,247 | $351,589 | $145,658 |
Source: Public Records
Agents Affiliated with this Home
-
Anthony Walker
-
Vincent Cook
Buyer's Agent in 2021
Vincent Cook
Kidder Mathews of California, Inc
(310) 982-7055
1 in this area
10 Total Sales
-
Spencer Pabst
Seller's Agent in 2015
Spencer Pabst
Pabst, Kinney & Associates
(562) 884-6875
52 Total Sales
-
R
Seller's Agent in 2012
Ryan Young
CalPac Management, Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21195702
APN: 7273-019-013
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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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