NOT LISTED FOR SALE

Estimated Value: $890,000 - $1,319,000

2 Beds
4 Baths
1,905 Sq Ft
$539/Sq Ft Est. Value

Sale Details

Date Sold: March 5, 2025

Last sale price $929,000 $488 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,945 / mo

24 Days on Market

Highlights

  • Wood Flooring
  • Neighborhood Views
  • Walk-In Closet
  • Longfellow Elementary School Rated A-
  • Balcony
  • Tile Countertops

About This Home

As of March 2025

Delight in the charm of Long Beach with this four-unit income property located in the Bixby Knolls area. Nested in a tree-lined street with a mix of homes, condos, and other small income properties, this excellent investment opportunity awaits. The property showcases two one-bedroom units and two single units. Residents benefit from designated parking and convenient on-site laundry facilities. A prime location offers easy access to a variety of amenities including Trader Joe's, local businesses, and casual and fine dining options. Enjoy a walkability score of 90 combined with convenient proximity to transportation, fantastic bikeability, and stress-free freeway access. Nearby parks include Scherer Park, Bixby Knolls Park and Somerset Park.
Currently the upper one bedroom is vacant, providing a fantastic chance for a buyer to occupy and have their mortgage paid. This is a property that delivers a perfect blend of convenient location, desirable living space and an investment opportunity for a 1031 exchange, first time buyer or move up investor.

Last Agent to Sell the Property

Kara Welliver

Compass Brokerage Phone: 949-391-5585 License #01358366 Listed on: 12/30/2024

Compass

Last Buyer's Agent

Juan Huizar

Sage Real Estate Group, Inc. License #01417642

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 3,108 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Rectangular Lot
  • Sprinkler System

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Rolled or Hot Mop Roof
  • Stucco

Interior Spaces

  • 1,905 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Neighborhood Views
  • Laundry in unit

Kitchen

  • Gas Oven
  • Tile Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Parking Available
  • Paved Parking
  • Assigned Parking

Accessible Home Design

  • No Interior Steps

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 29 / B
  • Tax Tract Number 4333
  • Assessor Parcel Number 7139009027
  • $708 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • Bixby Knolls Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $40,653

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

3,108 Sq Ft Lot

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Bixby Knolls (BK)
  • View: Yes
  • Zoning: LBR4N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7139009027
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Tile Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl, Wood
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 487.66
  • Room Type: Kitchen, Living Room, Walk-In Closet

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Rolled/Hot Mop
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Paved, On Site
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Sprinkler System
  • Lot Size Sq Ft: 3108.00
  • Lot Size Acres: 0.0713

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average Studio Area: 400 Square Feet
  • Gross Scheduled Income: 40653.00
  • Laundry Equipment Own Lease: Own
  • Lease Term: 12 Months
  • Lot Size Area: 3108.0000 Square Feet
  • Net Operating Income: 40653.00
  • 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 Range: 4
  • Number With Refrigerator: 4
  • Rent Control: No

Tax Info

  • Tax Block: B
  • Tax Census Tract: 5719.00
  • Tax Lot: 29
  • Tax Tract Number: 4333
  • TaxOtherAnnualAssessmentAmount: 708.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2024
Closed on
Jan 24, 2025
Sold by
Bought by
Seller's Agent
Kara Welliver
Compass
Buyer's Agent
Juan Huizar
Sage Real Estate Group, Inc.
List Price
$949,000
Sold Price
$929,000
Premium/Discount to List
-$20,000
-2.11%
Views
45
Current Estimated Value
$1,026,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,230
Avg. Annual Appreciation
7.65%
Original Mortgage
$696,750
Interest Rate
0.0696%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2022
Sold by
Bought by

Purchase Details

Closed on
Mar 3, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
0.049%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 14, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,250
Interest Rate
0.0675%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
0.0625%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 15, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
0.0515%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 1, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
0.0637%

Purchase Details

Closed on
Dec 12, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Interest Rate
0.0694%

Purchase Details

Closed on
Sep 2, 1993
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$929,000 Monarch Title
-- None Listed On Document
$320,000 Lsi Title Company
$345,000 None Available
$699,000 Diversified Title
$515,000 First American Title Co
-- --
$380,000 Fidelity National Title Co
$232,500 Lawyers Title
-- Progressive Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $696,750
Closed $696,750
Previous Owner $239,000
Previous Owner $240,000
Previous Owner $680,000
Previous Owner $85,000
Previous Owner $90,000
Previous Owner $640,500
Previous Owner $524,250
Previous Owner $412,000
Previous Owner $305,000
Previous Owner $304,000
Previous Owner $186,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/05/2025 03/05/25 Sold $929,000 -2.1% $488 / Sq Ft
01/23/2025 01/23/25 Pending -- -- --
12/30/2024 12/30/24 For Sale $949,000 -- $498 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,984 $409,963 $217,793 $192,170
2024 $5,722 $401,925 $213,523 $188,402
2023 $5,619 $394,045 $209,337 $184,708
2022 $5,286 $386,320 $205,233 $181,087
2021 $5,167 $378,746 $201,209 $177,537
2019 $5,093 $368,134 $195,242 $172,892
2018 $4,928 $360,929 $191,414 $169,515
2016 $4,539 $346,320 $183,982 $162,338
2015 $4,365 $341,119 $181,219 $159,900
2014 $4,353 $334,438 $177,670 $156,768
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24247368

California Regional Multiple Listing Service (CRMLS)

APN: 7139-009-027

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