NOT LISTED FOR SALE

Estimated Value: $1,380,717 - $1,479,000

4 Beds
4 Baths
2,424 Sq Ft
$590/Sq Ft Est. Value

Last Sold May 16, 2024

Last sale price $1,400,000 $578 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,811/month

23 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Lawn
  • Kitchen Island
  • Los Cerritos Elementary School Rated A
  • Tile Flooring
  • Forced Air Heating and Cooling System

About This Home

As of May 2024

On acreage that had previously been home to pasture and training facilities for his family's thoroughbred racehorses, architect Clifton Jones Jr. developed a tract of distinguished garden home duplexes. Named Cerritos Circle, its modernist post and beam designs show the influence of his then USC professors Edward Killingsworth and Calvin Straub. Privacy in addition to a seamless connection between indoors and out is achieved by way of floor to ceiling glass walls directed at central courtyards for each residence. Situated on a more than a quarter acre lot, with each unit having its own expansive and separate rear yard. This, combined with well planned layouts make the two 1,200+ sf homes feel much larger than their measure. As side by side units, each has the feeling of being its own single family home. Both feature 2 bedrooms / 1.5 baths, well organized kitchens, and spacious open plan living/dining areas. Located in Long Beach's highly desired Los Cerritos/Virginia Country Club neighborhood: with tree lined streets, historic homes, excellent school district, adjacent Dominguez Gap Wetlands + nearby shopping, restaurants, and breweries of Bixby Knolls (Sushi Nikkei, Nonna Mercato, Ambitious Ales, Taboon, Hiro Nori, Sala and many more). Central location with easy freeway access for commutes to both Los Angeles and Orange County, and less than 1.5 miles from a metro station.

Last Agent to Sell the Property

Nate Cole

Modern California House License #01405140 Listed on: 03/23/2024

Last Buyer's Agent

Antoine Tran

Brightline Capital Group License #01993930

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,292

Year Built

  • Built in 1963

Lot Details

  • 0.27 Acre Lot
  • South Facing Home
  • Lawn

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • Driveway

Home Design

  • Midcentury Modern Architecture
  • Slab Foundation
  • Tar and Gravel Roof

Interior Spaces

  • 2,424 Sq Ft Home
  • 2-Story Property
  • Tile Flooring

Kitchen

  • Oven or Range
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Property is located within a water district
  • Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 7140-019-031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,292

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Mid-Century
  • Levels: Two
  • Street Number Display: Yes
  • ADA Compliant: No
  • Living Area: 2424
  • Lot Acreage: 0.2722
  • Stories: 2
  • Year Built: 1963
  • Builders Tract Name: Los Cerritos
  • Number Of Photos: 46
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile
  • Bedrooms: 4
  • Kitchen Features: Island
  • Laundry: Garage
  • Total Bathrooms: 4.00
  • Equipment: Dishwasher, Washer, Dryer, Refrigerator, Range/Oven
  • Price Per S Q F T: 571.37

Exterior Features

  • Direction Faces: South
  • Other Structures: None
  • Foundation Details: Slab
  • Pool: No
  • Roof: Tar and Gravel
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Parking Garage: Driveway
  • Total Parking: 4

Utilities

  • Water Heater: Water Heater Unit
  • Cooling: Central
  • Heating: Forced Air
  • Sewer: In Connected and Paid
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 74.46
  • Assessed Improvement Value: 102944
  • Assessed Land Percent: 25.54
  • Assessed Land Value: 35312
  • Total Assessed Value: 138256
  • Assessor Parcel Number: 7140-019-031
  • Lot Description: Lawn
  • Lot Size Area: 11856

Rental Info

  • Number Leased: 1
  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Townhomes
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2024
Closed on
May 9, 2024
Sold by
The Jones Co
Bought by
Park Daniel Sang Jun and Hallam Choa Esther
Seller's Agent
Nate Cole
Modern California House
Buyer's Agent
Antoine Tran
Brightline Capital Group
List Price
$1,385,000
Sold Price
$1,400,000
Premium/Discount to List
$15,000
1.08%
Views
88
Current Estimated Value
$1,430,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,179
Avg. Annual Appreciation
1.50%
Original Mortgage
$980,000
Outstanding Balance
$967,908
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$460,020

Purchase Details

Closed on
Jan 23, 2009
Sold by
The Jones Company
Bought by
The Jones Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$882,500
Interest Rate
5.04%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Park Daniel Sang Jun $1,400,000 Ticor Title
Hallam Choa Esther Park -- Ticor Title
The Jones Company -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hallam Choa Esther Park $980,000
Previous Owner The Jones Company $882,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2024 05/16/24 Sold $1,400,000 +1.1% $578 / Sq Ft
04/18/2024 04/18/24 For Sale $1,385,000 0.0% $571 / Sq Ft
04/16/2024 04/16/24 Pending -- -- --
04/02/2024 04/02/24 Pending -- -- --
03/23/2024 03/23/24 For Sale $1,385,000 -- $571 / Sq Ft
Source: The MLS

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 $2,292 $1,428,000 $867,000 $561,000
2024 $2,292 $141,020 $36,018 $105,002
2023 $2,252 $138,256 $35,312 $102,944
2022 $2,130 $135,546 $34,620 $100,926
2021 $2,072 $132,890 $33,942 $98,948
2019 $2,044 $128,950 $32,936 $96,014
2018 $1,941 $126,423 $32,291 $94,132
2016 $1,776 $121,516 $31,038 $90,478
2015 $1,714 $119,691 $30,572 $89,119
2014 $1,718 $117,348 $29,974 $87,374
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-371691

The MLS

APN: 7140-019-031