NOT LISTED FOR SALE

Estimated Value: $1,216,000 - $1,367,000

5 Beds
3 Baths
2,632 Sq Ft
$490/Sq Ft Est. Value

Last Sold September 20, 2024

Last sale price $1,230,000 $467 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,215/month

26 Days on Market

Highlights

  • Open Floorplan
  • Private Yard
  • Landscaped
  • Woodrow Wilson High School Rated A
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of September 2024

Welcome to 4245 E 14th St in Long Beach, an exceptional property featuring two individual homes on a massive 6,500 square foot lot, offering a unique blend of flexibility and investment potential. With a total of 5 bedrooms and 3 bathrooms spanning 2,632 square feet, this property is the ideal opportunity to live in one unit while enjoying the rental income of the other unit.

Nestled on a quiet, tree-lined street, the front house is a charming 2-bedroom, 1-bathroom residence, currently ready for you to move in or rent out. This home boasts its own private yard, providing a perfect space for relaxation, gardening, or outdoor entertaining.

The back house is a spacious 3-bedroom, 2-bathroom home, currently rented, ensuring immediate rental income. This residence also features its own private yard, offering a serene retreat for the occupants. The back house includes a 2-car garage, adding convenience and additional storage space.

Notably, this property is priced over $100 per square foot less than any other property on the market in the area, presenting an incredible value for savvy buyers.

Located in the vibrant Traffic Circle community of Long Beach, 4245 E 14th St is close to shopping, dining, parks, and schools, offering a perfect blend of urban amenities and suburban tranquility.

Don’t miss this rare opportunity to own a versatile property with significant potential. Schedule a private tour today and discover the unique possibilities that await you at 4245 E 14th St.

Last Agent to Sell the Property

Patrick Roe

Real Broker Brokerage Phone: 310-529-1059 License #01948851 Listed on: 07/18/2024

Real Broker

Co-Listed By

Mike Aronski

Real Broker Brokerage Phone: 310-529-1059 License #02006390

Last Buyer's Agent

Debbie Marie Kanehira

WaveCrest Real Estate License #01837350

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1962

Lot Details

  • 6,442 Sq Ft Lot
  • Landscaped
  • Private Yard
  • Back and Front Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned LBR2N

Parking

  • 2 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,632 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Family Room
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 16 / B
  • Tax Tract Number 6686
  • Assessor Parcel Number 7253022018

Community Details

Overview

  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 2400.00
  • Zoning: LBR2N
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 7253022018
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Open Floorplan
  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 467.33
  • Room Type: Family Room, Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Landscaped, Lot 6500-9999, Yard
  • Lot Size Sq Ft: 6442.00
  • Lot Size Acres: 0.1479

Rental Info

  • Tenant Pays: Electricity, Gas, Other

Multi Family

  • Gross Income: 66000.00
  • Gross Scheduled Income: 66000.00
  • Insurance Expense: 2632.00
  • Lot Size Area: 6442.0000 Square Feet
  • Net Operating Income: 41248.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 22772.00
  • Rent Control: No
  • Total Actual Rent: 5500.00
  • Total Expenses: 22772.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 5750.02
  • Tax Lot: 16
  • Tax Tract Number: 6686

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2024
Closed on
Aug 14, 2024
Sold by
Plumlee William W and Plumlee Lavon M
Bought by
Torres Ruben
Seller's Agent
Patrick Roe
Real Broker
Buyer's Agent
Debbie Marie Kanehira
WaveCrest Real Estate
List Price
$1,200,000
Sold Price
$1,230,000
Premium/Discount to List
$30,000
2.5%
Views
54
Current Estimated Value
$1,288,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,998
Avg. Annual Appreciation
3.76%
Original Mortgage
$922,500
Outstanding Balance
$911,235
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$377,763

Purchase Details

Closed on
Aug 5, 1998
Sold by
Bubinski Margaret A and Bubinski Natalie C
Bought by
Plumlee William W and Plumlee Lavon M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
6.79%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Feb 2, 1996
Sold by
Bubinski Margaret A and Thulin Robert F
Bought by
Bubinski Margaret A and Bubinski Natalie C

Purchase Details

Closed on
Nov 1, 1995
Sold by
Rodger Bill and The Donald P Mclaughlin Living
Bought by
Bubinski Margaret A and Thulin Robert F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,105
Interest Rate
7.25%
Mortgage Type
FHA
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
Torres Ruben $1,230,000 Chicago Title Company
Plumlee William W $260,000 Gateway Title
Bubinski Margaret A -- --
Bubinski Margaret A $197,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Ruben $922,500
Previous Owner Plumlee William W $208,000
Previous Owner Bubinski Margaret A $191,105
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/20/2024 09/20/24 Sold $1,230,000 0.0% $467 / Sq Ft
09/20/2024 09/20/24 Sold $1,230,000 +2.5% $467 / Sq Ft View Prior Sale
08/14/2024 08/14/24 Pending -- -- --
08/14/2024 08/14/24 Pending -- -- --
07/18/2024 07/18/24 For Sale $1,200,000 0.0% $456 / Sq Ft
07/18/2024 07/18/24 For Sale $1,200,000 -- $456 / 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 $5,539 $1,230,000 $500,000 $730,000
2024 $5,539 $399,592 $199,796 $199,796
2023 $5,447 $391,758 $195,879 $195,879
2022 $5,126 $384,078 $192,039 $192,039
2021 $5,013 $376,548 $188,274 $188,274
2020 $4,999 $372,688 $186,344 $186,344
2019 $4,943 $365,382 $182,691 $182,691
2018 $4,728 $358,218 $179,109 $179,109
2016 $4,338 $344,310 $172,155 $172,155
2015 $4,169 $339,140 $169,570 $169,570
2014 $4,148 $332,498 $166,249 $166,249
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24143520

California Regional Multiple Listing Service (CRMLS)

APN: 7253-022-018