NOT LISTED FOR SALE

Estimated Value: $850,000 - $1,059,000

4 Beds
2 Baths
1,728 Sq Ft
$569/Sq Ft Est. Value

Last Sold August 19, 2019

Last sale price $665,000 $385 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $5,926/month

75 Days on Market

Highlights

  • Cul-De-Sac
  • Laundry Room
  • 2 Car Garage
  • Woodrow Wilson High School Rated A
  • Central Heating and Cooling System

About This Home

As of August 2019

Great investment opportunity. FIXER Income Property in Long Beach. Title shows property as a duplex, but currently being used as a triplex. The front unit is a 2 bedroom / 1 bath with 864 square feet of living space. The middle unit is also a 2 bedroom / 1 bathroom with an estimated square footage of 665. The third unit, with 1 bedroom / 1 bathroom and full kitchen, was added onto the back unit in 2009 with permit adding 372 square feet of living space. The property has not been legally converted from a duplex to a triplex. The property consists of 5 bedrooms and 3 bathrooms. Buyer to perform own investigations and verify all permits and square footage with city.

Last Agent to Sell the Property

Jeremy Klein

F.A.I.R. Plan Inc License #01903017 Listed on: 05/03/2019

Last Buyer's Agent

Scott Mahan

Buckingham Investments, Inc. License #01955305

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 4,903 Sq Ft Lot
  • No Common Walls
  • Cul-De-Sac

Parking

  • 2 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • 1,728 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 27873
  • Assessor Parcel Number 7253016016

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,000
  • Fuel Expense $1,500
  • Insurance Expense $960
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • Operating Expense $6,260
  • Gross Income $13,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBI
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7253016016
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 384.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 4903.00
  • Lot Size Acres: 0.1126

Multi Family

  • Average1 Bed Area: 864 Square Feet
  • Average2 Bed Area: 864 Square Feet
  • Electric Expense: 2000.00
  • Fuel Expense: 1500.00
  • Gross Income: 13200.00
  • Gross Scheduled Income: 13200.00
  • Insurance Expense: 960.00
  • Lot Size Area: 4903.0000 Square Feet
  • 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: 6260.00
  • Rent Control: No
  • Total Actual Rent: 1100.00
  • Total Expenses: 6260.00
  • Vacancy Allowance Rate: 10.00

Tax Info

  • Tax Lot: 15
  • Tax Tract Number: 27873

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2025
Sold by
Raudales Milton
Bought by
Milton Raudales Trust and Raudales
Current Estimated Value
$982,568

Purchase Details

Listed on
May 3, 2019
Closed on
Aug 13, 2019
Sold by
Raudales Ana Margarita
Bought by
Raudales Milton E
Seller's Agent
Jeremy Klein
F.A.I.R. Plan Inc
Buyer's Agent
Scott Mahan
Buckingham Investments, Inc.
List Price
$660,000
Sold Price
$665,000
Premium/Discount to List
$5,000
0.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.33%
Original Mortgage
$498,750
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 3, 2019
Closed on
Jul 18, 2019
Sold by
Bidwell Stewart Kenton
Bought by
Raudales Milton
Seller's Agent
Jeremy Klein
F.A.I.R. Plan Inc
Buyer's Agent
Scott Mahan
Buckingham Investments, Inc.
List Price
$660,000
Sold Price
$665,000
Premium/Discount to List
$5,000
0.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,750
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2007
Sold by
Bidwell Stewart Kenton and Estate Of Lola Hazel Bidwell
Bought by
Bidwell Stewart Kenton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.18%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Milton Raudales Trust -- None Listed On Document
Raudales Milton E -- Stewart Title Company
Raudales Milton $665,090 Stewart Title Company
Bidwell Stewart Kenton -- First American Title Co La
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Raudales Milton E $498,750
Previous Owner Bidwell Stewart Kenton $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2019 08/19/19 Sold $665,000 +0.8% $385 / Sq Ft
07/17/2019 07/17/19 Pending -- -- --
05/03/2019 05/03/19 For Sale $660,000 -- $382 / 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 $9,336 $727,271 $492,139 $235,132
2024 $9,336 $713,012 $482,490 $230,522
2023 $9,180 $699,032 $473,030 $226,002
2022 $8,619 $685,326 $463,755 $221,571
2021 $9,129 $671,889 $454,662 $217,227
2020 $8,427 $665,000 $450,000 $215,000
2019 $1,239 $73,023 $22,718 $50,305
2018 $5,135 $71,592 $22,273 $49,319
2016 $1,026 $68,813 $21,409 $47,404
2015 $991 $67,780 $21,088 $46,692
2014 $960 $63,254 $20,675 $42,579
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19131839

California Regional Multiple Listing Service (CRMLS)

APN: 7253-016-016