NOT LISTED FOR SALE

Estimated Value: $1,389,000 - $1,634,000

8 Beds
4 Baths
3,024 Sq Ft
$499/Sq Ft Est. Value

Last Sold September 30, 2022

Last sale price $1,375,000 $455 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $9,375/month

8 Days on Market

Highlights

  • Traditional Architecture
  • Neighborhood Views
  • Chain Link Fence
  • Los Cerritos Elementary School Rated A
  • Laundry Room
  • Wall Furnace

About This Home

As of September 2022

This Bixby Knolls Four-Plex has a super location just a short distance to the Knolls Business District, Virginia Country Club, trendy shops and restaurants! Additionally, minutes away from the 405 and 710 Freeways and the Long Beach Airport. 3 of the units have Long Term Tenants. All units are 2 bedrooms and 1 bathroom. There are two two-car garages off the alley. Each unit uses one of the spaces in the garage. There is a storage room attached to the garage that could be converted to a laundry room. All units have separate gas meters, electric meters and hot water heaters. The property has great curb appeal with a freshly painted exterior. Enjoy a large front yard and a huge backyard with a large grassy area between the building and the garages.

Last Agent to Sell the Property

Sheri Schuster

Coldwell Banker Realty License #01255398 Listed on: 08/10/2022

Coldwell Banker Realty

Co-Listed By

Martin Schuster

Coldwell Banker Realty License #01929500

Last Buyer's Agent

Sheri Schuster

Coldwell Banker Realty License #01255398 Listed on: 08/10/2022

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,146

Year Built

  • Built in 1944

Lot Details

  • 9,067 Sq Ft Lot
  • Two or More Common Walls
  • Chain Link Fence
  • Back and Front Yard

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Traditional Architecture
  • Property Attached
  • Composition Roof

Interior Spaces

  • 3,024 Sq Ft Home
  • Neighborhood Views

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Standard Electricity

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 27
  • Tax Tract Number 13130
  • Assessor Parcel Number 7134017003
  • $5,146 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • Bixby Knolls Subdivision

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $1,440
  • Insurance Expense $2,136
  • Water Sewer Expense $1,200
  • Operating Expense $5,016
  • Gross Income $66,938
  • Net Operating Income $72,084

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,146

Year Built

Built in 1944

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Bixby Knolls (BK)
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR3S
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 7134017003
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 454.70

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • 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: Back Yard, Front Yard
  • Lot Size Sq Ft: 9067.00
  • Lot Size Acres: 0.2081

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 66938.00
  • Gross Scheduled Income: 7700.00
  • Insurance Expense: 2136.00
  • Lot Size Area: 9067.0000 Square Feet
  • Net Operating Income: 72084.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 5016.00
  • Rent Control: No
  • Total Actual Rent: 4625.00
  • Total Expenses: 5016.00

Tax Info

  • Tax Census Tract: 5715.02
  • Tax Lot: 27
  • Tax Tract Number: 13130
  • Tax Annual Amount: 5146.00
  • TaxOtherAnnualAssessmentAmount: 5146.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 1999
Sold by
Bouey James and Bouey Norine
Bought by
Trotter Larry
Current Estimated Value
$1,508,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
7.87%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Trotter Larry $258,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Trotter Larry $206,000
Closed Trotter Larry $25,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2022 09/30/22 Sold $1,375,000 +5.8% $455 / Sq Ft
08/18/2022 08/18/22 Pending -- -- --
08/10/2022 08/10/22 For Sale $1,300,000 -- $430 / Sq Ft
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 $18,511 $1,430,550 $832,320 $598,230
2024 $18,511 $1,402,500 $816,000 $586,500
2023 $17,962 $1,375,000 $800,000 $575,000
2022 $5,271 $373,647 $234,617 $139,030
2021 $5,146 $366,321 $230,017 $136,304
2019 $5,074 $355,458 $223,196 $132,262
2018 $4,898 $348,489 $218,820 $129,669
2016 $4,504 $334,959 $210,324 $124,635
2015 $4,336 $329,928 $207,165 $122,763
2014 $4,328 $323,466 $203,107 $120,359
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22170801

California Regional Multiple Listing Service (CRMLS)

APN: 7134-017-003