NOT LISTED FOR SALE

Estimated Value: $788,577 - $904,000

4 Beds
3 Baths
1,856 Sq Ft
$455/Sq Ft Est. Value

Last Sold August 09, 2023

Last sale price $825,000 $445 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,353/month

207 Days on Market

Highlights

  • 0.12 Acre Lot
  • 5-minute walk to Pacific Station
  • Front Yard
  • No HOA
  • Laundry Room

About This Home

As of August 2023

Location!!! This Craftsman triplex is in the Wilmore City Historic District. This home boasts a Walk Score of 92, Bike Score of 73 and Transit Score of 85, making downtown Long Beach easily accessible. The front two-bedroom unit is a detached single-family residence. Enjoy your favorite beverage on the large porch and head to all your favorite activities. Freeway is close so it’s easy to travel to Los Angeles or Orange County. Prime downtown location near Pine Ave and Ocean Blvd and centrally located to all nearby restaurants and nightclubs with dancing and live entertainment. Experience Long Beach life.

Last Agent to Sell the Property

Aimee Heisler

Coldwell Banker Realty License #01371396 Listed on: 11/26/2022

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1901

Lot Details

  • 5,309 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • On-Street Parking

Home Design

  • 1,856 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for cable TV
  • Legal Lot and Block 22 / 61
  • Tax Tract Number 575
  • Assessor Parcel Number 7280012016

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Willmore District Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $2,000
  • Trash Expense $900
  • Water Sewer Expense $1,200
  • Operating Expense $4,700
  • Gross Income $16,500
  • Net Operating Income $11,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1901

Lot Details

5,309 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Willmore District (WM)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBPD30
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7280012016
  • Year Built: 1901
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 444.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5309.00
  • Lot Size Acres: 0.1219

Rental Info

  • Tenant Pays: None, Cable TV

Multi Family

  • Gross Income: 16500.00
  • Gross Scheduled Income: 16500.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 5309.0000 Square Feet
  • Net Operating Income: 11800.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 4700.00
  • Other Expense Description: estimate
  • Other Income Description: owners unit is not included
  • Rent Control: Yes
  • Total Expenses: 4700.00

Tax Info

  • Tax Block: 61
  • Tax Census Tract: 5759.02
  • Tax Lot: 22
  • Tax Tract Number: 575...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2022
Closed on
Jul 26, 2023
Sold by
Martha Green 2021 Living Trust
Bought by
Akinnagba Oluwafemisayo
Seller's Agent
Aimee Heisler
Coldwell Banker Realty
List Price
$1,000,000
Sold Price
$825,000
Premium/Discount to List
-$175,000
-17.5%
Views
178
Current Estimated Value
$845,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,144
Avg. Annual Appreciation
0.92%
Original Mortgage
$860,000
Outstanding Balance
$839,178
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$5,966

Purchase Details

Closed on
Aug 4, 2017
Sold by
Green Martha Sue Rice and Rice Martha
Bought by
Green Martha Sue Rice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.88%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 20, 1999
Sold by
Rice Edward and Rice Martha
Bought by
Rice Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
9%

Purchase Details

Closed on
Aug 2, 1995
Sold by
Farmers & Merchants Tr Co Of Long Beach
Bought by
Rice Edward and Rice Martha
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
Akinnagba Oluwafemisayo $825,000 First American Title
Green Martha Sue Rice -- Wfg National Title Company
Rice Martha $15,000 Provident Title Company
Rice Edward -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akinnagba Oluwafemisayo $860,000
Previous Owner Green Martha Sue Rice $150,000
Previous Owner Rice Martha $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2023 08/09/23 Sold $825,000 +0.9% $445 / Sq Ft
06/06/2023 06/06/23 Price Changed $818,000 -13.9% $441 / Sq Ft
12/09/2022 12/09/22 Price Changed $950,000 -5.0% $512 / Sq Ft
11/26/2022 11/26/22 For Sale $1,000,000 -- $539 / 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 $10,888 $841,500 $561,000 $280,500
2024 $10,888 $825,000 $550,000 $275,000
2023 $3,856 $258,442 $149,843 $108,599
2022 $3,635 $253,375 $146,905 $106,470
2021 $3,551 $248,408 $144,025 $104,383
2020 $3,541 $245,862 $142,549 $103,313
2019 $3,501 $241,042 $139,754 $101,288
2018 $3,326 $236,316 $137,014 $99,302
2016 $3,061 $227,142 $131,695 $95,447
2015 $2,946 $223,731 $129,717 $94,014
2014 $2,941 $219,350 $127,177 $92,173
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22246048

California Regional Multiple Listing Service (CRMLS)

APN: 7280-012-016

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