NOT LISTED FOR SALE

401 W 8th St Long Beach, CA 90813

Willmore Neighborhood

Estimated Value: $1,010,861 - $1,276,000

5 Beds
3 Baths
2,584 Sq Ft
$427/Sq Ft Est. Value

Last Sold December 06, 2016

Last sale price $562,888 $218 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $6,559/month

76 Days on Market

About This Home

As of December 2016

3 units property located in Historic Downtown Long Beach that consist of 1-Three bedroom unit and 2-One bedroom units. The Three bedroom unit is two stories with hardwood floors and built-in storage. With recent tasteful remodel, this 3 units has been preserved and has the character details throughout the property. Units are fully rented with stable tenants. All three units have their own gas and electric meters. There is some room to increase rents to generate additional income. Great corner location, close to entertainment, restaurants and downtown businesses. Walking distance to Edison Elementary School, Metro Blue Line and Long Beach Convention Center.

Last Agent to Sell the Property

Abel Bratton

Onyx Realty & Finc. Serv., Inc License #01991349 Listed on: 08/10/2016

Last Buyer's Agent

Kristine Ng

License #01982796

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,558

Year Built

  • Built in 1921

Lot Details

  • 2,514 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • On-Street Parking

Home Design

  • 2,584 Sq Ft Home
  • Property Attached
  • Composition Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Tax Tract Number 5758
  • Assessor Parcel Number 7272015029

Community Details

Overview

  • No Home Owners Association
  • 1,609 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Maintenance Expense $1,000
  • Water Sewer Expense $1,800
  • New Taxes Expense $7,112
  • Gross Income $3,500
  • Net Operating Income $30,288

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,558

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.41
  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: LBPD10
  • Property Type: Residential Income
  • Parcel Number: 7272015029
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level With Steps
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 217.84

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2514.00
  • Price Per Lot Square Foot: 226.33

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 680
  • Average2 Bed Area: 680
  • Average3 Bed Area: 1224
  • Gross Income: 3500.00
  • Gross Multiplier: 13.33
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 1800.00
  • Maintenance Expense: 1000.00
  • Net Operating Income: 30288.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1609
  • Operating Expense: 11712.00
  • Rent Control: No
  • Total Actual Rent: 3500.00

Tax Info

  • New Taxes Expense: 7112.00
  • Tax Lot: 4
  • Tax Tract Number: 5758

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2024
Sold by
Chang Jennifer
Bought by
Chang Properties Long Beach Llc
Current Estimated Value
$1,102,715

Purchase Details

Listed on
Aug 10, 2016
Closed on
Oct 20, 2016
Sold by
Bonzo Martyne
Bought by
Chang Jennifer
Seller's Agent
Abel Bratton
Onyx Realty & Finc. Serv., Inc
Buyer's Agent
Kristine Ng
List Price
$569,000
Sold Price
$562,888
Premium/Discount to List
-$6,112
-1.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.91%
Original Mortgage
$419,250
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 12, 2014
Closed on
May 19, 2014
Sold by
Bonzo Bryan D
Bought by
Bonzo Martyne
Seller's Agent
Mike Dunfee
Engel & Völkers Long Beach
Buyer's Agent
Mike Dunfee
Engel & Völkers Long Beach
List Price
$488,000
Sold Price
$478,000
Premium/Discount to List
-$10,000
-2.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.73%
Original Mortgage
$358,500
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 12, 2014
Closed on
May 6, 2014
Sold by
Jones Alma Angelica
Bought by
Jones Robert A
Seller's Agent
Mike Dunfee
Engel & Völkers Long Beach
Buyer's Agent
Mike Dunfee
Engel & Völkers Long Beach
List Price
$488,000
Sold Price
$478,000
Premium/Discount to List
-$10,000
-2.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,500
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 12, 2014
Closed on
Apr 28, 2014
Sold by
Jones Robert A
Bought by
Bonzo Martyne
Seller's Agent
Mike Dunfee
Engel & Völkers Long Beach
Buyer's Agent
Mike Dunfee
Engel & Völkers Long Beach
List Price
$488,000
Sold Price
$478,000
Premium/Discount to List
-$10,000
-2.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,500
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2003
Sold by
Zadeh Akbar M
Bought by
Jones Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,900
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 1998
Sold by
Perry William A
Bought by
Zadeh Akbar M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
6.91%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Chang Properties Long Beach Llc -- None Listed On Document
Chang Jennifer $563,000 Title 365
Bonzo Martyne -- Ticor Title
Jones Robert A -- Ticor Title
Bonzo Martyne $478,000 Ticor Title
Jones Robert A $332,000 Commonwealth
Zadeh Akbar M -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chang Jennifer $419,250
Previous Owner Bonzo Martyne $358,500
Previous Owner Jones Robert A $289,900
Previous Owner Zadeh Akbar M $112,500
Closed Zadeh Akbar M $37,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2016 12/06/16 Sold $562,888 +0.5% $218 / Sq Ft
11/30/2016 11/30/16 Price Changed $560,000 0.0% $217 / Sq Ft
10/25/2016 10/25/16 Pending -- -- --
09/23/2016 09/23/16 Price Changed $560,000 -1.6% $217 / Sq Ft
09/19/2016 09/19/16 Price Changed $569,000 +1.6% $220 / Sq Ft
09/18/2016 09/18/16 Price Changed $560,000 -1.6% $217 / Sq Ft
08/10/2016 08/10/16 For Sale $569,000 +19.0% $220 / Sq Ft
06/03/2014 06/03/14 Sold $478,000 -2.0% $185 / Sq Ft
05/30/2014 05/30/14 Pending -- -- --
03/12/2014 03/12/14 For Sale $488,000 -- $189 / 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 $8,558 $653,265 $452,627 $200,638
2024 $8,558 $640,456 $443,752 $196,704
2023 $8,411 $627,899 $435,051 $192,848
2022 $7,899 $615,588 $426,521 $189,067
2021 $7,732 $603,518 $418,158 $185,360
2019 $7,621 $585,619 $405,756 $179,863
2018 $7,426 $574,137 $397,800 $176,337
2016 $6,168 $494,985 $341,726 $153,259
2015 $5,924 $487,550 $336,593 $150,957
2014 $4,835 $385,057 $168,173 $216,884
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Abel Bratton

    Onyx Realty & Finc. Serv., Inc

  • K

    Buyer's Agent in 2016

    Kristine Ng

  • M

    Seller's Agent in 2014

    Mike Dunfee

    Engel & Völkers Long Beach

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16175702

California Regional Multiple Listing Service (CRMLS)

APN: 7272-015-029

California Los Angeles County Long Beach 90813 Willmore

401 W 8th St, Long Beach, CA

This home is located at 401 W 8th St, Long Beach, CA 90813 since 10 August 2016 and is currently estimated at $1,102,715, approximately $426 per square foot. This property was built in 1921. 401 W 8th St is a home located in Los Angeles County with nearby schools including Edison Elementary School, Washington Middle School, and Juan Rodriguez Cabrillo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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