NOT LISTED FOR SALE

Estimated Value: $1,450,000 - $1,839,380

8 Beds
4 Baths
3,266 Sq Ft
$492/Sq Ft Est. Value

Last Sold November 22, 2019

Last sale price $1,230,000 $377 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $9,859/month

Highlights

  • No HOA
  • Laundry Room
  • Back and Front Yard
  • Los Cerritos Elementary School Rated A

About This Home

As of November 2019

Welcome to 443 E Freeland St, Long Beach located in the Bixby Knolls area. This income property includes 4-units. Each of the 4 units are 2 bedrooms, 1 bath. The property also features 4 garage parking spaces (1 for each unit), separate gas meters, separate water heaters and separate electrical boxes. All tenants have access to the shared laundry room and all units are currently rented. This property is located in an amazing area with lots of restaurants, bars and shopping! This property is an incredible opportunity for an investor and/or own-user to own it and bring in extra income in an area that is really growing with units that have a lot of upward potential in their current rents!

Last Agent to Sell the Property

Matthew Welch

Ignite RE Group License #01947840 Listed on: 10/22/2019

Co-Listed By

Blake Gunderson

Ignite RE Group License #01962020

Last Buyer's Agent

Kirby Larson

Estate Properties License #00593173

Estate Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 8,144 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Interior Spaces

  • 3,266 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 5
  • Tax Tract Number 13130
  • Assessor Parcel Number 7134019024

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,200
  • Maintenance Expense $2,905
  • Other Expense $1,320
  • Professional Management Expense $4,729
  • Water Sewer Expense $1,837
  • New Taxes Expense $15,000
  • Operating Expense $27,021
  • Net Operating Income $64,364

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 4729.00
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Country Club manor (CCM)
  • Water Sewer Expenses: 1837.00
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Parcel Number: 7134019024
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Price Per Square Foot: 376.61

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 8144.00
  • Lot Size Acres: 0.1870

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Scheduled Income: 76682.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 70.00
  • Lot Size Area: 8144.0000 Square Feet
  • Maintenance Expense: 2905.00
  • Net Operating Income: 64364.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 12317.00
  • Other Expense: 1320.00
  • Rent Control: No
  • Total Expenses: 27021.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Census Tract: 5715.02
  • Tax Lot: 5
  • Tax Tract Number: 13130

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2019
Closed on
Oct 29, 2019
Sold by
Miller Martha June and Miller Jerry David
Bought by
Lesser David J and The David And Elisabeth Lesser Family Tr
Seller's Agent
Matthew Welch
Ignite RE Group
Buyer's Agent
Kirby Larson
Estate Properties
List Price
$1,199,000
Sold Price
$1,230,000
Premium/Discount to List
$31,000
2.59%
Current Estimated Value
$1,607,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$377,345
Avg. Annual Appreciation
4.49%
Original Mortgage
$591,000
Outstanding Balance
$397,074
Interest Rate
3.5%
Estimated Equity
$1,210,271

Purchase Details

Closed on
Dec 1, 2004
Sold by
Lundy Sunny
Bought by
Miller Furman Alton and Miller Martha June

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$656,000
Interest Rate
5.47%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 14, 2003
Sold by
Lita Corp
Bought by
Lundy Sunny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,600
Interest Rate
5.6%

Purchase Details

Closed on
Jan 7, 2003
Sold by
Young Shawn L and Young Tanya M
Bought by
Lita Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,600
Interest Rate
5.6%

Purchase Details

Closed on
Nov 22, 2002
Sold by
Young Shawn L
Bought by
Nortens Alen

Purchase Details

Closed on
May 24, 1996
Sold by
Shaw Eric and The Louise N Todd Living Trust
Bought by
Young Shawn L and Young Tanya M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,641
Interest Rate
8.25%
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
Lesser David J $1,230,000 North American Title Company
Miller Furman Alton $820,000 North American Title Co
Lundy Sunny $482,000 Chicago Title Co
Lita Corp -- --
Lita Co -- Chicago Title Co
Lita Co -- Chicago Title Co
Nortens Alen -- --
Molton Lorry -- --
Young Shawn L $242,500 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lesser David J $591,000
Previous Owner Miller Furman Alton $656,000
Previous Owner Lundy Sunny $385,600
Previous Owner Young Shawn L $233,641
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2019 11/22/19 Sold $1,230,000 +2.6% $377 / Sq Ft
10/22/2019 10/22/19 Pending -- -- --
10/22/2019 10/22/19 For Sale $1,199,000 -- $367 / 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 $17,248 $1,345,180 $688,994 $656,186
2024 $17,248 $1,318,805 $675,485 $643,320
2023 $16,958 $1,292,947 $662,241 $630,706
2022 $15,919 $1,267,596 $649,256 $618,340
2021 $15,601 $1,242,742 $636,526 $606,216
2019 $12,863 $997,951 $628,096 $369,855
2018 $12,505 $978,384 $615,781 $362,603
2016 $11,794 $965,541 $612,296 $353,245
2015 $11,322 $951,038 $603,099 $347,939
2014 $11,250 $932,410 $591,286 $341,124
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19244824

California Regional Multiple Listing Service (CRMLS)

APN: 7134-019-024