Seller's Agent in 2021
Leslie Stonick
Compass
(562) 818-5763
2 in this area
83 Total Sales
421 W 3rd St Long Beach, CA 90802
West Village NeighborhoodEstimated Value: $2,525,380 - $2,726,000
5
Beds
5
Baths
5,100
Sq Ft
$515/Sq Ft
Est. Value
Highlights
- 0.17 Acre Lot
- 5-minute walk to Pacific Station
- No HOA
- Craftsman Architecture
- Wood Flooring
- Laundry Room
About This Home
As of July 2021Price improvement and priced to sell! A perfect downtown Long Beach investment property. Totally TURN KEY with 7 unique units located in the heart of a fast growing city and only 3 blocks to the beach. This property also falls within the PD-30 Plan for downtown and located in the height incentive area for future investors to build up! Each unit is metered separately for gas and electric, has its own tankless water heater AND has private laundry inside each unit. WOW! There are 4 large one bedroom one bath with a lovely balance of upgrades yet keeping the charm alive with exposed beams, hardwood floors and built-ins. Each unit also has their own outdoor balcony space. The 5th one bedroom one bath is a totally remodeled, very popular Air B&B that brings more income to this investment property. Upstairs is a gorgeous 3 bedroom 2 bath with gas fireplace and comes with 2 parking spaces. The last unit is an adorable studio apartment. There are 5 parking spaces on site and one separate garage space on the property. This property is at 100% capacity and tenants that do not park on site, have assigned parking directly across the street at the Gallery. A modern courtyard separates the two structures complete with lounge seating and eating area. This property has 3 security gates that allows for private entry. This investment property has it all. Close to THE PIKE, shoreline drive, the promenade and freeways. Great opportunity for a 10-31 exchange!!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1910
Lot Details
- 7,500 Sq Ft Lot
- 1 Common Wall
- Security Fence
- Density is up to 1 Unit/Acre
Parking
- 1 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Craftsman Architecture
- Property Attached
Interior Spaces
- 5,100 Sq Ft Home
- Wood Flooring
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Listing and Financial Details
- Tax Lot 28
- Tax Tract Number 575902
- Assessor Parcel Number 7280013028
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 7 Units
Recreation
- Bike Trail
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 7 Separate Water Meters
- Electric Expense $500
- Gardener Expense $20
- Pest Control $50
- Professional Management Expense $770
- Operating Expense $16,080
- Gross Income $100
- Net Operating Income $145,548
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 26, 2021
Sold by
Ward Kimberly Rae and Ward Cara D
Bought by
Selsor Andrew T and Selsor Bettina E
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,475,000
Interest Rate
2.96%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 22, 2016
Sold by
Barrera Gerry A
Bought by
Ward Cara D
Purchase Details
Closed on
Dec 21, 2016
Sold by
Sadie Management Group Llc
Bought by
Ward Kimberly Rae and Ward Cara D
Purchase Details
Closed on
Apr 7, 2016
Sold by
Sadie Management Group Llc
Bought by
Sadie Management Group Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
3.62%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 2, 2004
Sold by
Peters William D and Peters Madeline J
Bought by
Sadie Management Group Llc
Purchase Details
Closed on
Jun 3, 1999
Sold by
Peters William D and Peters Madeline J
Bought by
Peters William D and Peters Madeline J
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Selsor Andrew T | $2,353,000 | First American Title Company O | |
| Selsor Andrew T | $2,353,000 | First American Title Company O | |
| Ward Cara D | -- | Lawyers Title | |
| Ward Cara D | -- | Lawyers Title | |
| Ward Kimberly Rae | -- | Lawyers Title | |
| Ward Kimberly Rae | -- | Lawyers Title | |
| Sadie Management Group Llc | -- | Commonwealth Land Title Co | |
| Sadie Management Group Llc | -- | Commonwealth Land Title Co | |
| Sadie Management Group Llc | $690,000 | Chicago Title Co | |
| Sadie Management Group Llc | $690,000 | Chicago Title Co | |
| Peters William D | -- | Fidelity National Title | |
| Peters William D | -- | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Selsor Andrew T | $1,475,000 | |
| Previous Owner | Sadie Management Group Llc | $900,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/26/2021 07/26/21 | Sold | $2,353,000 | -2.0% | $461 / Sq Ft |
| 07/07/2021 07/07/21 | Price Changed | $2,400,000 | +126215.8% | $471 / Sq Ft |
| 03/23/2021 03/23/21 | Pending | -- | -- | -- |
| 01/11/2021 01/11/21 | Rented | $1,900 | 0.0% | -- |
| 12/26/2020 12/26/20 | Price Changed | $1,900 | 0.0% | $3 / Sq Ft |
| 12/18/2020 12/18/20 | Price Changed | $2,400,000 | 0.0% | $471 / Sq Ft |
| 12/18/2020 12/18/20 | For Rent | $2,000 | 0.0% | -- |
| 10/02/2020 10/02/20 | Price Changed | $2,500,000 | -2.9% | $490 / Sq Ft |
| 07/12/2020 07/12/20 | Price Changed | $2,575,000 | -1.0% | $505 / Sq Ft |
| 05/04/2020 05/04/20 | Price Changed | $2,600,000 | 0.0% | $510 / Sq Ft |
| 04/03/2020 04/03/20 | Rented | $1,900 | -9.5% | -- |
| 03/27/2020 03/27/20 | For Rent | $2,100 | 0.0% | -- |
| 03/26/2020 03/26/20 | Price Changed | $2,700,000 | -3.6% | $529 / Sq Ft |
| 02/01/2020 02/01/20 | For Sale | $2,800,000 | 0.0% | $549 / Sq Ft |
| 12/17/2019 12/17/19 | Rented | $1,695 | -3.1% | -- |
| 11/20/2019 11/20/19 | For Rent | $1,750 | 0.0% | -- |
| 11/17/2019 11/17/19 | Rented | $1,750 | 0.0% | -- |
| 11/09/2019 11/09/19 | Price Changed | $1,750 | -2.5% | $2 / Sq Ft |
| 09/18/2019 09/18/19 | For Rent | $1,795 | -5.3% | -- |
| 04/18/2019 04/18/19 | Rented | $1,895 | 0.0% | -- |
| 03/15/2019 03/15/19 | For Rent | $1,895 | -5.3% | -- |
| 02/22/2017 02/22/17 | Rented | $2,000 | 0.0% | -- |
| 01/30/2017 01/30/17 | For Rent | $2,000 | -- | -- |
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 | $34,457 | $2,497,021 | $1,623,648 | $873,373 |
| 2024 | $32,989 | $2,448,061 | $1,591,812 | $856,249 |
| 2023 | $32,403 | $2,400,060 | $1,560,600 | $839,460 |
| 2022 | $30,428 | $2,353,000 | $1,530,000 | $823,000 |
| 2021 | $23,660 | $1,806,660 | $1,265,198 | $541,462 |
| 2020 | $23,576 | $1,788,135 | $1,252,225 | $535,910 |
| 2019 | $23,286 | $1,753,074 | $1,227,672 | $525,402 |
| 2018 | $22,634 | $1,718,700 | $1,203,600 | $515,100 |
| 2016 | $11,312 | $828,592 | $360,310 | $468,282 |
| 2015 | $10,692 | $795,000 | $345,700 | $449,300 |
| 2014 | $8,541 | $600,000 | $260,900 | $339,100 |
Source: Public Records
Agents Affiliated with this Home
-
Leslie Stonick
-
Kara Mirarchi
Seller's Agent in 2021
Kara Mirarchi
Compass
(310) 529-2242
2 in this area
45 Total Sales
-
Kelsea Mazzocco
Seller's Agent in 2017
Kelsea Mazzocco
First Team Real Estate
(562) 513-7800
1 in this area
37 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20029181
APN: 7280-013-028
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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