NOT LISTED FOR SALE

Estimated Value: $679,000 - $806,000

3 Beds
2 Baths
1,538 Sq Ft
$499/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $620,000 $403 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,728/month

28 Days on Market

Highlights

  • Wood Flooring
  • 4-minute walk to Pacific Coast Highway Station
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • No HOA
  • 2 Car Garage

About This Home

As of October 2021

Rare opportunity to own Two Homes on a Lot adjacent Downtown. Front home is a 2BR/1 bath just under 1,000 sqft and the rear unit is a 1BR/1BA about 650 sqft. Both have their own large, separate yards and share a divided 2-car garage. The units display the enchanting 1933 era, with high ceilings, original hardwood floors, and old world charm. Also, there is at least one remodeled bathroom, a new roof and electric panel. Many developers are swooping down on these properties, especially because they need a little TLC. The potential is enormous. If you have an interest, please drive by but do not walk the property or disturb the tenants who are unaware of the sale. You’ve head it before, if you like it, don’t wait. This one will go fast. Quick drive to downtown with restaurants, theater and the beach.

Last Agent to Sell the Property

Sam Stapleton-Cotton

Y Realty License #01492289 Listed on: 08/27/2021

Co-Listed By

Cheryl Cotton

Y Realty License #00860384

Last Buyer's Agent

Roberto Ramirez

R & R Realty License #01008712

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1933

Lot Details

  • 5,786 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • South Facing Home
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Two Garage Doors

Home Design

  • Duplex

Interior Spaces

  • 1,538 Sq Ft Home
  • Wood Flooring
  • Gas Range
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 15 / 2
  • Tax Tract Number 573
  • Assessor Parcel Number 7209008013
  • $433 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Poly High Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $578
  • Water Sewer Expense $3,600
  • Operating Expense $4,178
  • Net Operating Income $30,862

Property Details

Home Type

Multi-Family

Year Built

Built in 1933

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 3600.00
  • Zoning: LBPD29
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7209008013
  • Year Built: 1933
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 403.12

Exterior Features

  • Direction Faces: South
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5786.00
  • Lot Size Acres: 0.1328
  • Latitude Manual: 33.79084500

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 35040.00
  • Insurance Expense: 578.00
  • Lot Size Area: 5786.0000 Square Feet
  • Net Operating Income: 30862.00
  • 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: 4178.00
  • Rent Control: No
  • Total Actual Rent: 2920.00
  • Total Expenses: 4178.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 5732.02
  • Tax Lot: 15
  • Tax Tract Number: 573...
  • TaxOtherAnnualAssessmentAmount: 433.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2014
Closed on
Oct 9, 2014
Sold by
Chim Putheavy
Bought by
Chhun Hy T
Seller's Agent
Carleton Carlson
Re/Max R. E. Specialists
Buyer's Agent
Hoyt Hochman
Platinum Properties R.E.
List Price
$319,000
Sold Price
$310,000
Premium/Discount to List
-$9,000
-2.82%
Current Estimated Value
$767,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$457,302
Avg. Annual Appreciation
8.47%
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
Chhun Hy T -- Fidelity National Title Co
Chhun Hy T $310,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/15/2021 10/15/21 Sold $620,000 0.0% $403 / Sq Ft
09/24/2021 09/24/21 Pending -- -- --
08/27/2021 08/27/21 For Sale $620,000 +17.0% $403 / Sq Ft
01/07/2021 01/07/21 Sold $530,000 -3.5% $345 / Sq Ft View Prior Sale
11/18/2020 11/18/20 Pending -- -- --
10/15/2020 10/15/20 For Sale $549,000 +77.1% $357 / Sq Ft
10/15/2014 10/15/14 Sold $310,000 -2.8% $196 / Sq Ft View Prior Sale
10/01/2014 10/01/14 Pending -- -- --
09/20/2014 09/20/14 For Sale $319,000 -- $202 / 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 $8,480 $657,948 $424,483 $233,465
2024 $8,480 $645,048 $416,160 $228,888
2023 $8,338 $632,400 $408,000 $224,400
2022 $7,829 $620,000 $400,000 $220,000
2021 $4,534 $344,196 $222,063 $122,133
2020 $4,522 $340,668 $219,787 $120,881
2019 $4,470 $333,989 $215,478 $118,511
2018 $4,291 $327,441 $211,253 $116,188
2016 $3,947 $314,727 $203,050 $111,677
2015 $3,791 $310,000 $200,000 $110,000
2014 $1,866 $136,214 $105,612 $30,602
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21190212

California Regional Multiple Listing Service (CRMLS)

APN: 7209-008-013