NOT LISTED FOR SALE

Estimated Value: $736,000 - $917,000

3 Beds
2 Baths
1,364 Sq Ft
$603/Sq Ft Est. Value

Last Sold May 17, 2021

Last sale price $550,000 $403 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $4,974/month

214 Days on Market

Highlights

  • Ground Level Unit
  • Fenced Yard
  • Front Porch
  • Woodrow Wilson High School Rated A
  • Garage
  • Open Patio

About This Home

As of May 2021

OPPORTUNITY AWAITS ! CITY OF LONG BEACH IS NON-RENT CONTROL! THIS IS TEAR DOWN OPPORTUNITY OR MAJOR REHAB. PER ZONING OF R4R (CITY OF LONG BEACH) WILL PERMIT TO BUILD BY RIGHT-5 UNITS W/THE ADU COMPONENT FOR ADDED UNIT. CURRENTLY TENANT OCCUPIED AND ALL TENANTS ARE PAYING DURING COVID-19. 10 BLOCKS FROM THE BEACH FOR FANTASTIC WEATHER AND EASY ACCESS FOR ACTIVITIES. CITY OF LB RSO IS $4500 PER UNIT FOR TENANT RELOCATION. BUILDING IS SOLD AS-IS W/O WARRANTY. PRICED BELOW CURRENT MARKET VALUE.

Last Agent to Sell the Property

Todd Bernstein

Coldwell Banker Realty License #01816580 Listed on: 09/26/2020

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 4,846 Sq Ft Lot
  • Lot Dimensions are 57x85
  • South Facing Home
  • Fenced Yard
  • Gated Home
  • Sprinklers Throughout Yard

Parking

  • Garage

Home Design

  • 1,364 Sq Ft Home
  • Bungalow
  • Cosmetic Repairs Needed
  • Major Repairs Completed
  • Fixer Upper
  • Slab Foundation
  • Composition Roof

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Open Patio
  • Front Porch

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 7241-012-096

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Levels: Ground Level
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: DRIVE BY ONLY. SUBMIT OFFER SUBJECT TO INTERIOR INSPECTION Email OFFERS: todd@toddbernstein.com SUPPLEMENTAL COVER ATTACHED with 1) Proof of Funds 2) FICO score for each Buyer 3) DU from Direct Lender. If financing, one buyer is selected, after Highest & Best offer, Buyers to cross qualify with seller's preferred lender Tom Curiale Caliber Home Loans 805-794-8945 Buyer (s) is not obligated to use sellers preferred lender. BUYER TO VERIFY ALL INFORMATION. ALL INFORMATION IS DEEMED RELIABLE BUT NOT GUARANTEED. PLEASE COOPERATE WITH BPPP FROM C.A.R. Thank you for showing.
  • Alley: No
  • Entry Location: Ground Level - no steps
  • Living Area: 1364
  • Lot Acreage: 0.1113
  • Lot Dimensions: 57x85
  • Property Condition: Fixer, Repair Cosmetic, Repairs Major
  • Year Built: 1949
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 3
  • Common Walls: Attached
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Equipment: Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 365.84

Exterior Features

  • Direction Faces: South
  • Other Structures: Other
  • Foundation Details: Slab
  • Patio: Porch - Front, Porch - Rear, Patio Open
  • Paved: Yes
  • Roof: Composition
  • View: No

Garage/Parking

  • Parking Garage: Garage Is Detached

Utilities

  • Water Heater: Gas
  • Heating: Forced Air, Wall, Electric, Natural Gas
  • Security: Gated, Exterior Security Lights
  • Sewer: In Connected and Paid, In Street
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Sprinklers: Sprinkler System, Front, Side, Rear
  • Additions Alterations: No
  • Assessed Improvement Percent: 36.34
  • Assessed Improvement Value: 206634
  • Assessed Land Percent: 63.66
  • Assessed Land Value: 361942
  • Total Assessed Value: 568576
  • Assessor Parcel Number: 7241-012-096
  • Lot Description: Front Yard, Fenced Yard, Curbs
  • Lot Size Area: 4846

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 22000.00
  • Number Of Units: 2
  • Type Of Units: 2

MLS Schools

  • School District: Long Beach Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2020
Sold by
Shanedling Brian H
Bought by
Shanedling Brian H and Shanedling Kelly C
Current Estimated Value
$822,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Outstanding Balance
$297,421
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$524,603

Purchase Details

Closed on
Oct 26, 2020
Sold by
Estate Of Azniv Kokikian Pursuant
Bought by
Plotkin Sean and Shanedling Brian H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Outstanding Balance
$297,421
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$524,603

Purchase Details

Closed on
Oct 20, 2020
Sold by
Shanedling Kelly C
Bought by
Shanedling Brian H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Outstanding Balance
$297,421
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$524,603

Purchase Details

Closed on
Apr 29, 2016
Sold by
Hunanyan Ara
Bought by
Hunanyan Ara and Araco Inc

Purchase Details

Closed on
Aug 13, 2004
Sold by
Rab Mohammed B and Islam Nila
Bought by
Hunanyan Ara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 21, 2003
Sold by
Rab Mohammed B and Islam Nila
Bought by
Rab Mohammed B

Purchase Details

Closed on
Jul 16, 2003
Sold by
Rab Mohammed B and Islam Nila
Bought by
Rab Mohammed B

Purchase Details

Closed on
Jun 12, 2002
Sold by
Rab Mohammed B and Islam Nila
Bought by
Rab Mohammed B

Purchase Details

Closed on
Apr 14, 1998
Sold by
Rab Mohammed B and Islam Nila
Bought by
Rab Mohammed B

Purchase Details

Closed on
Oct 22, 1996
Sold by
Glendale Federal Bank Fsb
Bought by
Rab Mohammed B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
8.06%

Purchase Details

Closed on
Aug 23, 1996
Sold by
Bastain Cass W and Bastain Phyllis G
Bought by
Glendale Federal Bank Fsb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
8.06%
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
Shanedling Brian H -- None Available
Plotkin Sean $550,000 North American Title Company
Shanedling Brian H -- North American Title
Hunanyan Ara -- None Available
Hunanyan Ara $450,000 California Counties Title Co
Rab Mohammed B -- --
Rab Mohammed B -- --
Rab Mohammed B -- --
Rab Mohammed B -- --
Rab Mohammed B $105,000 Benefit Land Title Company
Glendale Federal Bank Fsb $175,649 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Plotkin Sean $335,000
Previous Owner Hunanyan Ara $360,000
Previous Owner Rab Mohammed B $84,000
Closed Hunanyan Ara $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2021 05/17/21 Sold $550,000 0.0% $403 / Sq Ft
04/28/2021 04/28/21 Pending -- -- --
11/17/2020 11/17/20 Off Market $550,000 -- --
09/26/2020 09/26/20 For Sale $499,000 -- $366 / Sq Ft
Source: The MLS

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 $8,155 $595,335 $389,674 $205,661
2024 $7,817 $583,663 $382,034 $201,629
2023 $7,682 $572,220 $374,544 $197,676
2022 $7,215 $561,000 $367,200 $193,800
2021 $6,964 $550,000 $360,000 $190,000
2020 $7,654 $603,374 $384,094 $219,280
2019 $7,565 $591,544 $376,563 $214,981
2018 $7,324 $579,946 $369,180 $210,766
2017 $7,247 $568,576 $361,942 $206,634
2016 $6,422 $529,865 $329,694 $200,171
2015 $6,163 $521,907 $324,742 $197,165
2014 $6,123 $511,684 $318,381 $193,303
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-637864

The MLS

APN: 7241-012-096