401 W 8th St Long Beach, CA 90813
Willmore Neighborhood
5
Beds
3
Baths
2,584
Sq Ft
2,514
Sq Ft Lot
About This Home
As of December 20163 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
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
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
7.46%
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
Similar Homes in Long Beach, CA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $563,000 | Title 365 | |
| Interfamily Deed Transfer | -- | Ticor Title | |
| Interfamily Deed Transfer | -- | Ticor Title | |
| Grant Deed | $478,000 | Ticor Title | |
| Grant Deed | $332,000 | Commonwealth | |
| Grant Deed | -- | Fidelity Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $419,250 | New Conventional | |
| Previous Owner | $358,500 | New Conventional | |
| Previous Owner | $289,900 | Purchase Money Mortgage | |
| Previous Owner | $26,316 | Unknown | |
| Previous Owner | $192,000 | Unknown | |
| Previous Owner | $112,500 | Construction | |
| Closed | $37,500 | No Value Available |
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
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
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16175702
APN: 7272-015-029
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