NOT LISTED FOR SALE

Estimated Value: $1,802,342 - $2,124,000

5 Beds
4 Baths
2,472 Sq Ft
$790/Sq Ft Est. Value

Last Sold September 09, 2021

Last sale price $1,660,000 $672 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $12,804/month

38 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Spanish Architecture
  • Naples Bayside Academy Rated A
  • Wood Flooring
  • Granite Countertops

About This Home

As of September 2021

Whether you're on the hunt for a multi-generational home or a quality investment in a coveted enclave of Long Beach, this character-filled triplex might be exactly what you're looking for. Located in a tranquil neighborhood along the peninsula, you'll enjoy being moments away from the bay & the beach. You'll have three apartments to choose from to live in or rent out: An upper 1-bedroom/1-bath unit, a 3-bedroom/2-bath front unit, and a 1-bedroom/1-bath lower unit. Kitchens w/quartz countertops & stainless steel appliances are showcased in the upper & front units. The highlight of the front unit is a balcony for relishing ocean breezes, a 1-car garage, & in-unit hookups. Theres a remodeled bath in the upper residence as well as an in-unit washer/dryer for convenience. Freshly-painted, the lower apartment has been upgraded w/a new refrigerator, microwave, & wall heater. Plus, theres a patio thats ideal for entertaining guests on summer evenings. Set on the Alamitos Peninsula near to great restaurants & shops. Heres your chance to invest in a 1-of-a-kind triplex in an A+ location. Come take a tour to experience it all for yourself!

Last Agent to Sell the Property

Nicole Freese

The Sher Group License #01389069 Listed on: 06/29/2021

Co-Listed By

Nicole Freese

The Sher Group License #02004262

Last Buyer's Agent

Crystal Glenning

Compass License #01805409

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,037

Year Built

  • Built in 1924 | Remodeled

Lot Details

  • 2,389 Sq Ft Lot
  • East Facing Home

Parking

  • 1 Car Garage

Home Design

  • Triplex
  • Spanish Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,472 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ocean Views
  • Gas And Electric Dryer Hookup

Kitchen

  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Property has ocean access
  • Balcony

Additional Homes

  • Accessory Dwelling Unit (ADU)

Utilities

  • Floor Furnace
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • The owner pays for gardener, water
  • Assessor Parcel Number 7245-026-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,037

Year Built

Built in 1924 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: Two
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2472
  • Lot Acreage: 0.0548
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dishwasher: 2
  • Number Disposal: 3
  • Number Range: 3
  • Number Refrigerator: 3
  • Flooring: Hardwood, Tile, Laminate
  • Appliances: Free Standing Gas, Microwave
  • Bedrooms: 5
  • Common Walls: Attached
  • Kitchen Features: Granite Counters
  • Total Bathrooms: 4.00
  • Equipment: Garbage Disposal, Built-Ins, Dishwasher, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 671.52

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Other Features: Balcony
  • Other Structures: Accessory Dwelling Unit
  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Number Patio: 3
  • Patio: Balcony
  • Pool: No
  • Roof: Composition
  • Spa Yn: No
  • View: Ocean
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Number Rented Garages: 1
  • Parking Garage: Garage Is Attached
  • Total Parking: 1

Utilities

  • Water Heater: Gas
  • Heating: Floor Furnace, Wall
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Number Water Meters: 3
  • Sewer: In Street
  • Water: In Street
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 24.30
  • Assessed Improvement Value: 333968
  • Assessed Land Percent: 75.7
  • Assessed Land Value: 1040400
  • Total Assessed Value: 1374368
  • Assessor Parcel Number: 7245-026-012
  • Lot Location: Ocean Access
  • Lot Size Area: 2389

Rental Info

  • Owner Pays: Gardener, Water
  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 19.80
  • Number Of Units: 3
  • Total Annual Expense: 4136.37
  • Type Of Units: Triplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2021
Closed on
Aug 9, 2021
Sold by
Zhao Haitan Holdings Llc
Bought by
J & S Capital Llc
Seller's Agent
Nicole Freese
The Sher Group
Buyer's Agent
Crystal Glenning
Compass
List Price
$1,660,000
Sold Price
$1,660,000
Total Days on Market
38
Current Estimated Value
$1,953,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293,836
Avg. Annual Appreciation
4.67%

Purchase Details

Listed on
Jun 18, 2017
Closed on
Sep 25, 2017
Sold by
South Grove Avenue Llc
Bought by
Zhao Haitan Holdings Llc
Seller's Agent
Chris Trainotti
On The Move Realty
Buyer's Agent
Crystal Glenning
Compass
List Price
$1,450,000
Sold Price
$1,321,000
Premium/Discount to List
-$129,000
-8.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.89%
Original Mortgage
$660,500
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 18, 2017
Closed on
Jul 28, 2017
Sold by
45 65Th Place Llc
Bought by
South Grove Avenue Llc
Seller's Agent
Chris Trainotti
On The Move Realty
Buyer's Agent
Crystal Glenning
Compass
List Price
$1,450,000
Sold Price
$1,321,000
Premium/Discount to List
-$129,000
-8.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,500
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 5, 2013
Sold by
Thompson Barbara A and Mccloskey Ronald E
Bought by
45 65Th Place Llc

Purchase Details

Closed on
Jan 19, 2012
Sold by
Thompson Barbara A and Mccloskey Ronald E
Bought by
Thompson Barbara A and Mccloskey Ronald E

Purchase Details

Closed on
Jun 25, 1999
Sold by
Mccloskey Pauline Tr and Edward 1995
Bought by
Edward Mccloskey Pauline G and Edward 1995

Purchase Details

Closed on
Feb 8, 1995
Sold by
Mccloskey Edward R and Mccloskey Pauline G
Bought by
Mccloskey Edward R and Mccloskey Pauline G
Source: Public Records

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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
J & S Capital Llc $1,660,000 Fidelity Natl Ttl Orange Cnt
Zhao Haitan Holdings Llc -- None Available
South Grove Avenue Llc $1,321,000 Chicago Title Company
45 65Th Place Llc -- None Available
Thompson Barbara A -- None Available
Thompson Barbara A -- None Available
Edward Mccloskey Pauline G -- --
Mccloskey Edward R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zhao Haitan Holdings Llc $640,000
Previous Owner South Grove Avenue Llc $660,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2021 09/09/21 Sold $1,660,000 0.0% $672 / Sq Ft
08/06/2021 08/06/21 Pending -- -- --
07/19/2021 07/19/21 For Sale $1,660,000 0.0% $672 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
06/29/2021 06/29/21 For Sale $1,660,000 +25.7% $672 / Sq Ft
09/12/2017 09/12/17 Sold $1,321,000 -8.9% $534 / Sq Ft
06/18/2017 06/18/17 For Sale $1,450,000 -- $587 / 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
2024 $22,037 $1,727,064 $1,123,632 $603,432
2023 $21,670 $1,693,200 $1,101,600 $591,600
2022 $20,322 $1,660,000 $1,080,000 $580,000
2021 $17,087 $1,388,605 $1,051,178 $337,427
2020 $17,043 $1,374,368 $1,040,400 $333,968
2019 $16,843 $1,347,420 $1,020,000 $327,420
2018 $16,435 $1,321,000 $1,000,000 $321,000
2017 $1,778 $106,416 $85,533 $20,883
2016 $1,646 $104,330 $83,856 $20,474
2015 $1,590 $102,764 $82,597 $20,167
2014 $1,597 $100,752 $80,980 $19,772
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-752522

The MLS

APN: 7245-026-012