NOT LISTED FOR SALE

Estimated Value: $1,373,000 - $1,531,000

3 Beds
2 Baths
2,397 Sq Ft
$605/Sq Ft Est. Value

Last Sold June 03, 2021

Last sale price $1,165,000 $486 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $9,032/month

13 Days on Market

Highlights

  • Wood Flooring
  • Lawn
  • Corian Countertops
  • Stanford Middle School Rated A-
  • No HOA
  • Laundry Room

About This Home

As of June 2021

Here is a well-maintained triplex in the desirable Artcraft Manor neighborhood of Long Beach. Ideal home for an Investor or Owner Occupant—there are 2 one bedroom units as well as a large 2 bedroom 1 bath.

Units have been updated regularly while still maintaining the vintage charm so loved by the Tenants, including refinishing of the hardwood floors and installation of “penny round” tile backsplashes in the kitchens.

Unit 1 is a one bedroom with recently refinished hardwood floors and newer kitchen countertops and paint throughout.

Unit 2 is a bright and sunny one bedroom that has just been refreshed with refinished hardwood floors, fresh paint throughout, new solid surface countertop and tile backsplash. Both one bedrooms have a small patio to enjoy your morning coffee or evening glass of wine.

Unit 3 is a large two bedroom with fireplace, dining room, and full kitchen remodel done approximately 6 years ago. It has a large backyard with access right off the living room. In the Spring the parrots will feast on the kumquat tree right outside your window!

Each unit has a single car garage with automatic opener and roll up door as well as stove and refrigerator.

Great location just minutes to Mother’s Beach, Belmont Shores, and the new 2nd and PCH shopping center. Multi-unit homes in this neighborhood rarely come on the market so now’s your chance to grab a bit of Long Beach history!

Owner is Agent.

Last Agent to Sell the Property

Sundari Dadant

HomeSmart Realty West License #00884172 Listed on: 04/12/2021

HomeSmart Realty West

Last Buyer's Agent

Stacey Noble

Century 21 On Target License #01999630

Century 21 On Target

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,102

Year Built

  • Built in 1943 | Remodeled

Lot Details

  • 0.25 Acre Lot
  • Two or More Common Walls
  • Wood Fence
  • Landscaped
  • Lawn
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Bungalow
  • Property Attached
  • Brick Exterior Construction
  • Composition Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 2,397 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room with Fireplace

Kitchen

  • Gas Range
  • Range Hood
  • Corian Countertops
  • Tile Countertops

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Electric Dryer Hookup

Utilities

  • Floor Furnace
  • Natural Gas Connected
  • Water Heater

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 22
  • Tax Tract Number 11674
  • Assessor Parcel Number 7219008010

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Artcraft Manor Subdivision

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,300
  • Water Sewer Expense $2,400
  • New Taxes Expense $15,000
  • Operating Expense $19,900
  • Net Operating Income $40,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,102

Year Built

Built in 1943 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Other Phone Description: 8312523440
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Subdivision Name Other: Artcraft Manor (AM)
  • View: No
  • Water Sewer Expenses: 2400.00
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7219008010
  • Year Built: 1943
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Partial, Corian Counters, Tile Counters
  • Stories: 1
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Vinyl, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 486.02

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Brick Veneer, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Range Hood, Refrigerator, Water Heater
  • Heating Type: Floor Furnace
  • Laundry Features: Electric Dryer Hookup, In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Landscaped, Lawn
  • Lot Size Sq Ft: 11000.00
  • Lot Size Acres: 0.2525

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average1 Bed Area: 570 Square Feet
  • Average2 Bed Area: 1230 Square Feet
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 11000.0000 Square Feet
  • Net Operating Income: 40100.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 19900.00
  • Rent Control: Yes
  • Total Actual Rent: 3270.00
  • Total Expenses: 19900.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Area: 5-500
  • Tax Lot: 22
  • Tax Tract Number: 11674

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2021
Closed on
May 17, 2021
Sold by
Dadant Sundari M
Bought by
Nagano Satoshi
Seller's Agent
Sundari Dadant
HomeSmart Realty West
Buyer's Agent
Stacey Noble
Century 21 On Target
List Price
$1,200,000
Sold Price
$1,165,000
Premium/Discount to List
-$35,000
-2.92%
Total Days on Market
13
Current Estimated Value
$1,449,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,084
Avg. Annual Appreciation
5.14%

Purchase Details

Closed on
May 6, 2015
Sold by
Burson Patricia
Bought by
Dadant Sundari M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.83%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 4, 2011
Sold by
Dadant Sundari M and Betty J Burson 2009 Trust
Bought by
Dadant Sundari M and Burson Patricia

Purchase Details

Closed on
Aug 21, 2009
Sold by
Burson Betty
Bought by
Burson Betty J and Betty J Burson 2009 Trust

Purchase Details

Closed on
Jan 25, 1999
Sold by
Burson Doris A Family Trust
Bought by
Burson Betty
Source: Public Records

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Range of Values:

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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
Nagano Satoshi $1,165,000 Corinthian Title Co
Dadant Sundari M $275,000 None Available
Dadant Sundari M -- None Available
Burson Betty J -- None Available
Burson Betty -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dadant Sundari M $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2021 06/03/21 Sold $1,165,000 -2.9% $486 / Sq Ft
04/26/2021 04/26/21 Pending -- -- --
04/12/2021 04/12/21 For Sale $1,200,000 -- $501 / 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
2024 $16,102 $1,236,306 $902,026 $334,280
2023 $15,835 $1,212,066 $884,340 $327,726
2022 $14,865 $1,188,300 $867,000 $321,300
2021 $8,218 $631,126 $439,536 $191,590
2020 $8,196 $624,656 $435,030 $189,626
2019 $8,102 $612,408 $426,500 $185,908
2018 $7,798 $600,401 $418,138 $182,263
2016 $7,176 $577,089 $401,902 $175,187
2015 $7,082 $585,257 $407,590 $177,667
2014 $7,044 $573,793 $399,606 $174,187
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: ND21075763

California Regional Multiple Listing Service (CRMLS)

APN: 7219-008-010