NOT LISTED FOR SALE

Estimated Value: $1,134,000 - $1,175,000

3 Beds
3 Baths
1,928 Sq Ft
$598/Sq Ft Est. Value

Last Sold December 23, 2024

Last sale price $1,100,000 $571 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $6,398/month

147 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • No HOA
  • Bixby Elementary School Rated 9+
  • Private Yard
  • Double Pane Windows

About This Home

As of December 2024

CHARMING TRIPLEX IN THE HEART OF ARTCRAFT MANOR, A Terrific East LB Location ~ Ideal for investors or owner occupants! Discover this delightful triplex nestled in the Artcraft Manor neighborhood, featuring three spacious one-bedroom units, each with hardwood floors throughout. This property sits on a huge lot with beautiful drought-tolerant landscaping and a charming white picket fence, offering fantastic curb appeal. The property boasts light and bright units, each with spacious living rooms, dining areas, kitchens, and even some original charming built-ins. Every unit includes a full bathroom, wall heaters, and AC units for year-round comfort. The front unit, remodeled and upgraded in 2019, shines with newer windows and modern touches. Long-term tenants and low turnover highlight the stability and desirability of this investment. Each tenant enjoys their own garage, and there’s an additional parking space next to the garages for the front unit. The expansive backyard provides ample room to potentially add an Accessory Dwelling Unit (ADU), or to expand the back unit, enhancing the property's value and income potential. Located on a quiet and tranquil street, this property is perfectly positioned for convenience. Enjoy close proximity to the beach, California State University Long Beach (CSULB), all major freeways, shopping, and restaurants.

Last Agent to Sell the Property

Jamee Lindberg

Re/Max R. E. Specialists Brokerage Email: Jamee.lindberg@verizon.net License #01107487 Listed on: 05/25/2024

Re/Max R. E. Specialists

Co-Listed By

John Lindberg

Re/Max R. E. Specialists Brokerage Email: Jamee.lindberg@verizon.net License #01010112

Last Buyer's Agent

Jamee Lindberg

Re/Max R. E. Specialists Brokerage Email: Jamee.lindberg@verizon.net License #01107487 Listed on: 05/25/2024

Re/Max R. E. Specialists

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1943

Lot Details

  • 8,160 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Landscaped
  • Level Lot
  • Private Yard
  • Garden
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 1 Open Parking Space
  • 3 Car Garage

Home Design

  • Triplex
  • Traditional Architecture
  • Entry on the 1st floor
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,928 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Double Pane Windows
  • Awning
  • Blinds
  • Living Room
  • Wood Flooring

Kitchen

  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • No Interior Steps

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Tax Tract Number 11674
  • Assessor Parcel Number 7219008003
  • $698 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Artcraft Manor Subdivision

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,800
  • Insurance Expense $2,088
  • Professional Management Expense $4,645
  • Trash Expense $365
  • Water Sewer Expense $415
  • Operating Expense $9,313
  • Gross Income $57,240
  • Net Operating Income $47,927

Property Details

Home Type

Multi-Family

Year Built

Built in 1943

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Professional Management Expense: 4645.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Artcraft Manor (AM)
  • View: No
  • Water Sewer Expenses: 415.00
  • Zoning: LBR3T
  • Architectural Style: Traditional
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 7219008003
  • Year Built: 1943
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 570.54
  • Room Type: Kitchen, Living Room, Main Floor Bedroom
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Foundation: Raised
  • Exterior Features: Awning(s)
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Disposal, Gas Range, Gas Water Heater, Refrigerator, Water Heater
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 365.00
  • Water Source: Public
  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Garden, Landscaped, Level with Street, Yard
  • Lot Size Sq Ft: 8160.00
  • Lot Size Acres: 0.1873

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 643 Square Feet
  • Gross Income: 57240.00
  • Gross Scheduled Income: 57240.00
  • Insurance Expense: 2088.00
  • Lot Size Area: 8160.0000 Square Feet
  • Net Operating Income: 47927.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 9312.00
  • Rent Control: No
  • Total Actual Rent: 4770.00
  • Total Expenses: 9313.00

Tax Info

  • Tax Census Tract: 5750.01
  • Tax Lot: 15
  • Tax Tract Number: 11674
  • TaxOtherAnnualAssessmentAmount: 698.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2024
Closed on
Nov 19, 2024
Sold by
2012 Robin C Irwin Living Trust and Irwin Robin C
Bought by
Park Charles C
Seller's Agent
Jamee Lindberg
Re/Max R. E. Specialists
Buyer's Agent
Jamee Lindberg
Re/Max R. E. Specialists
List Price
$1,435,000
Sold Price
$1,100,000
Premium/Discount to List
-$335,000
-23.34%
Views
90
Current Estimated Value
$1,153,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,408
Avg. Annual Appreciation
4.36%
Original Mortgage
$825,000
Outstanding Balance
$817,770
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$335,638

Purchase Details

Closed on
Jan 20, 2012
Sold by
Irwin Robin C
Bought by
Irwin Robin C and 2012 Robin C Irwin Living Trust

Purchase Details

Closed on
Jan 13, 2012
Sold by
Irwin Ralph W and Irwin William R
Bought by
Irwin Robin C

Purchase Details

Closed on
Sep 13, 1994
Sold by
Mason William R and Mason Paula C
Bought by
Mason William R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Park Charles C $1,100,000 Fidelity National Title
Park Charles C $1,100,000 Fidelity National Title
Irwin Robin C -- None Available
Irwin Robin C -- None Available
Mason William R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Charles C $825,000
Closed Park Charles C $825,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2024 12/23/24 Sold $1,100,000 0.0% $571 / Sq Ft
10/19/2024 10/19/24 Pending -- -- --
10/02/2024 10/02/24 Price Changed $1,100,000 -12.0% $571 / Sq Ft
08/01/2024 08/01/24 Price Changed $1,250,000 -8.1% $648 / Sq Ft
07/03/2024 07/03/24 Price Changed $1,360,000 -5.2% $705 / Sq Ft
05/25/2024 05/25/24 For Sale $1,435,000 -- $744 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $4,825 $1,100,000 $800,000 $300,000
2024 $4,825 $331,407 $220,946 $110,461
2023 $4,741 $324,910 $216,614 $108,296
2022 $4,468 $318,540 $212,367 $106,173
2021 $4,369 $312,295 $208,203 $104,092
2019 $4,308 $303,034 $202,029 $101,005
2018 $4,089 $297,093 $198,068 $99,025
2016 $3,764 $285,559 $190,378 $95,181
2015 $3,622 $281,271 $187,519 $93,752
2014 $3,613 $275,762 $183,846 $91,916
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24105155

California Regional Multiple Listing Service (CRMLS)

APN: 7219-008-003