$1,290,000
$200K PRICE DROP

Estimated payment $8,531/month

Total Views 11,412
7 Beds
5 Baths
2,918 Sq Ft
$442 Price per Sq Ft

Highlights

  • Victorian Architecture
  • No HOA
  • Carpet

About This Home

A Beautiful historical Victorian style fourplex in Long Beach downtown area. An Excellent income producing property consist of two (2 ) 1 bedroom + 1 Bath and one (1) 2 bedrooms+1 bath with an extra attic space and a Beautiful 3 bedrooms+ 2 bath space with 2 enclosed patio room . All units are remodeled in 2018. And New roofing was done back in 2020 through-out the property. This Property is situated on the corner of W. 9th St. and Chestnut Ave. in the heart of Long Beach downtown area 1.3 miles from the famous Aquarium of the Pacific and exactly one mile north of the Long Beach city Hall.

Listing Agent

Augustin Joo

California Bridge Realty Brokerage Phone: 714-425-5480 License #01360043 Listed on: 01/15/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,875

Year Built

  • Built in 1938

Lot Details

  • 4,526 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • On-Street Parking

Home Design

  • Victorian Architecture
  • Quadruplex

Interior Spaces

  • 2,918 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Utilities

  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 4 / 12
  • Tax Tract Number 2
  • Assessor Parcel Number 7272010025
  • $675 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Downtown Subdivision

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $660
  • Gardener Expense $960
  • Insurance Expense $3,000
  • Maintenance Expense $4,000
  • Pest Control $1,200
  • Water Sewer Expense $6,000
  • Operating Expense $35,000
  • Gross Income $99,000
  • Net Operating Income $65,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,875

Year Built

Built in 1938

Lot Details

0

Listing Details

  • CapRate: 5.00
  • Price Per Unit: 322500
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 6000.00
  • Zoning: LBPD10
  • Architectural Style: Victorian
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7272010025
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: ground level with/mid level step
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 442.08

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: No
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4526.00
  • Lot Size Acres: 0.1039

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1200.00
  • Fuel Expense: 660.00
  • Gross Income: 99000.00
  • Gross Scheduled Income: 99000.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 4526.0000 Square Feet
  • Maintenance Expense: 4000.00
  • Net Operating Income: 65000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Operating Expense: 35000.00
  • Rent Control: No
  • Total Expenses: 35000.00

Tax Info

  • Tax Block: 12
  • Tax Census Tract: 5758.02
  • Tax Lot: 4
  • Tax Tract Number: 2
  • Tax Annual Amount: 16875.00
  • TaxOtherAnnualAssessmentAmount: 675.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $14,511 $1,143,402 $803,171 $340,231
2024 $14,511 $1,120,983 $787,423 $333,560
2023 $14,266 $1,099,004 $771,984 $327,020
2022 $13,388 $1,077,456 $756,848 $320,608
2021 $13,119 $1,056,330 $742,008 $314,322
2020 $13,084 $1,045,780 $734,400 $311,380
2019 $12,930 $1,025,280 $720,000 $305,280
2018 $9,575 $749,368 $520,200 $229,168
2017 $9,474 $734,400 $510,000 $224,400
2016 $4,012 $305,736 $216,451 $89,285
2015 $3,859 $301,144 $213,200 $87,944
2014 $3,847 $295,246 $209,024 $86,222
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 Price Changed $1,290,000 -4.4% $442 / Sq Ft
04/09/2025 04/09/25 Price Changed $1,350,000 -2.9% $463 / Sq Ft
03/06/2025 03/06/25 Price Changed $1,390,000 -6.7% $476 / Sq Ft
01/15/2025 01/15/25 For Sale $1,490,000 +45.4% $511 / Sq Ft
07/31/2018 07/31/18 Sold $1,025,000 -4.9% $321 / Sq Ft
07/23/2018 07/23/18 Price Changed $1,077,500 0.0% $337 / Sq Ft
07/01/2018 07/01/18 Price Changed $1,077,500 0.0% $337 / Sq Ft
07/01/2018 07/01/18 For Sale $1,077,500 0.0% $337 / Sq Ft
02/27/2018 02/27/18 Pending -- -- --
01/24/2018 01/24/18 Price Changed $1,077,500 -8.3% $337 / Sq Ft
01/16/2018 01/16/18 Price Changed $1,175,000 -8.0% $368 / Sq Ft
12/05/2017 12/05/17 For Sale $1,277,000 +77.4% $400 / Sq Ft
06/13/2016 06/13/16 Sold $720,000 0.0% $225 / Sq Ft
03/25/2016 03/25/16 Pending -- -- --
02/18/2016 02/18/16 For Sale $720,000 -- $225 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $1,025,000 Lawyers Title Insurance Comp
Grant Deed $720,000 Fidelity National Title
Grant Deed $282,502 Lsi Title Agency
Trustee Deed $520,505 Accommodation
Grant Deed $720,000 Chicago Title Co
Grant Deed $460,000 Chicago Title Co
Quit Claim Deed -- --
Grant Deed $365,000 Equity Title
Grant Deed $239,000 Investors Title Company
Grant Deed $110,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $770,000 New Conventional
Previous Owner $768,750 New Conventional
Previous Owner $706,959 FHA
Previous Owner $124,543 Credit Line Revolving
Previous Owner $468,000 Fannie Mae Freddie Mac
Previous Owner $392,000 Purchase Money Mortgage
Previous Owner $292,000 No Value Available
Previous Owner $235,632 FHA
Previous Owner $50,000 Credit Line Revolving
Previous Owner $120,000 Unknown
Previous Owner $86,625 No Value Available
Closed $73,000 No Value Available
Closed $49,000 No Value Available
Closed $108,000 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24248729

California Regional Multiple Listing Service (CRMLS)

APN: 7272-010-025