NOT LISTED FOR SALE

Estimated Value: $755,000 - $829,636

2 Beds
3 Baths
1,306 Sq Ft
$610/Sq Ft Est. Value

Last Sold March 10, 2023

Last sale price $670,000 $513 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,890/month

39 Days on Market

About This Home

As of March 2023

2 legal units with 3rd non conforming unit in back located in the Historical District of Long Beach. There are 2 units in the main structure with a detached bonus structure that has a 3/4 bathroom and laundry hookups. Both units consist of 1 bedroom, 1 bathroom and a spacious living room. The upstairs unit has a deck. There are updated kitchens, bathrooms and flooring. A good size back yard for extra outdoor space. Great location near Downtown and the Beach. Quick access to the 710 freeway. Tons of upside in rents! Hurry this one won't last long!

Last Agent to Sell the Property

Kristina Moore

The Moore Group License #01926377 Listed on: 01/12/2023

Last Buyer's Agent

Belen Mota

Elevate Real Estate Agency License #01327330

Elevate Real Estate Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 3,000 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • 1,306 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 7 / 10
  • Tax Tract Number 5758
  • Assessor Parcel Number 7272007025

Community Details

Overview

  • 3 Units
  • Downtown Subdivision

Building Details

  • 3 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $49,200
  • Net Operating Income $34,440

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Zoning: LBPD10
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7272007025
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 513.02

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3000.00
  • Lot Size Acres: 0.0689

Rental Info

  • Tenant Pays: None

Multi Family

  • Gross Income: 49200.00
  • Gross Scheduled Income: 49200.00
  • Lot Size Area: 3000.0000 Square Feet
  • Net Operating Income: 34440.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 14760.00
  • Rent Control: Yes
  • Total Actual Rent: 2150.00

Tax Info

  • Tax Block: 10
  • Tax Census Tract: 5758.02
  • Tax Lot: 7
  • Tax Tract Number: 5758

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2019
Sold by
Alban Blake
Bought by
Alban Blake M and Alban Alexis M
Current Estimated Value
$796,159

Purchase Details

Listed on
May 21, 2017
Closed on
Aug 15, 2017
Sold by
Alban Alexis
Bought by
Alban Blake
Seller's Agent
Cameron Stearns
Compass
Buyer's Agent
Rebecca Davis
Compass
List Price
$549,000
Sold Price
$560,000
Premium/Discount to List
$11,000
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.29%
Original Mortgage
$476,000
Outstanding Balance
$396,863
Interest Rate
3.93%
Mortgage Type
New Conventional
Estimated Equity
$399,296

Purchase Details

Listed on
May 21, 2017
Closed on
Aug 2, 2017
Sold by
Gallagher Jonathan Lawrence
Bought by
Alban Blake and Speed George
Seller's Agent
Cameron Stearns
Compass
Buyer's Agent
Rebecca Davis
Compass
List Price
$549,000
Sold Price
$560,000
Premium/Discount to List
$11,000
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Outstanding Balance
$396,863
Interest Rate
3.93%
Mortgage Type
New Conventional
Estimated Equity
$399,296

Purchase Details

Closed on
Jun 30, 2015
Sold by
Sanchez Virginia Marie and Virgnia Sanchez Living Trust
Bought by
Gallagher Jonathan Lawrence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$361,250
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2014
Sold by
Sanchez Virginia
Bought by
Sanchez Virginia and Virginia Sanchez Living Trust

Purchase Details

Closed on
Aug 11, 2010
Sold by
Chinnock Kevin
Bought by
Sanchez Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,880
Interest Rate
4.33%
Mortgage Type
VA

Purchase Details

Closed on
Apr 16, 2010
Sold by
Deutsche Bank National Trust Company
Bought by
Chinnock Kevin

Purchase Details

Closed on
Mar 30, 2010
Sold by
Flammang Leah
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Dec 13, 2006
Sold by
Salais Alice and The Jose C Salais Family Trust
Bought by
Flammang Leah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.11%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 11, 1999
Sold by
Salais Jose C
Bought by
Salais Jose C and The Jose C Salais Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Alban Blake M -- None Available
Alban Blake -- Progressive Title Company
Alban Blake $560,000 Progressive Title
Gallagher Jonathan Lawrence $425,000 Ticor Title Insurance Co
Sanchez Virginia -- None Available
Sanchez Virginia $320,000 First American Title Company
Chinnock Kevin $162,000 Lsi Title Agency
Deutsche Bank National Trust Company $232,848 Ticor Title
Flammang Leah $500,000 Investors Title Company
Salais Jose C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alban Blake $476,000
Previous Owner Gallagher Jonathan Lawrence $361,250
Previous Owner Sanchez Virginia $326,880
Previous Owner Flammang Leah $100,000
Previous Owner Flammang Leah $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/10/2023 03/10/23 Sold $670,000 -4.1% $513 / Sq Ft
02/20/2023 02/20/23 Pending -- -- --
01/12/2023 01/12/23 For Sale $699,000 +24.8% $535 / Sq Ft
09/13/2017 09/13/17 Sold $560,000 +2.0% $346 / Sq Ft View Prior Sale
08/28/2017 08/28/17 Price Changed $549,000 0.0% $339 / Sq Ft
07/30/2017 07/30/17 Pending -- -- --
07/20/2017 07/20/17 For Sale $549,000 0.0% $339 / Sq Ft
07/03/2017 07/03/17 Pending -- -- --
05/21/2017 05/21/17 For Sale $549,000 +29.2% $339 / Sq Ft
11/17/2015 11/17/15 Sold $425,000 0.0% $325 / Sq Ft View Prior Sale
09/27/2015 09/27/15 Pending -- -- --
09/09/2015 09/09/15 For Sale $425,000 -- $325 / 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 $9,011 $697,068 $452,574 $244,494
2024 $9,011 $683,400 $443,700 $239,700
2023 $8,140 $612,440 $426,521 $185,919
2022 $7,642 $600,432 $418,158 $182,274
2021 $7,487 $588,659 $409,959 $178,700
2019 $7,380 $571,200 $397,800 $173,400
2018 $7,173 $560,000 $390,000 $170,000
2016 $5,296 $425,000 $300,000 $125,000
2015 $4,136 $341,119 $213,200 $127,919
2014 $4,110 $334,438 $209,024 $125,414
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23005291

California Regional Multiple Listing Service (CRMLS)

APN: 7272-007-025