NOT LISTED FOR SALE

Estimated Value: $1,116,000 - $1,439,000

1 Bed
1 Bath
2,320 Sq Ft
$570/Sq Ft Est. Value

Last Sold October 13, 2021

Last sale price $1,063,000 $458 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $8,445/month

16 Days on Market

About This Home

As of October 2021

First time on the Market in over 40 years. 4 one car garages. The Management Company keeping the units rented. The rents and expenses are deemed reliable but not guaranteed. Figures from 2020. Fully occupied. Huge 7474 square foot lot. Great location in Long Beach. This property won't last long on the Market.
Great location centrally located near Freeways, Markets, Shopping, Restaurants, public transportation. Not far from Long Beach Exchange , a retail and dining destination within the Douglas Park planned development in Long Beach. Visit Aquarium of the Pacific, Shoreline Village, Rosie's Dog Beach, One of the best places to do yoga in Long Beach happens outside just above the beach on Ocean Boulevard. Close to Lakewood Center Mall. Close to Long Beach City College.

Last Agent to Sell the Property

Linda Governale

Century 21 Union Realty License #01330467 Listed on: 08/09/2021

Century 21 Union Realty

Last Buyer's Agent

Olga Wright

Lyon Stahl Investment Real Estate, Inc. License #01315042

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,559

Year Built

  • Built in 1943

Lot Details

  • 7,474 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • 2,320 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 9 / A
  • Tax Tract Number 111
  • Assessor Parcel Number 7181030009

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Lakewood Village Subdivision

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $2,180
  • Insurance Expense $1,323
  • Maintenance Expense $1,095
  • Other Expense $1,069
  • Pest Control $605
  • Water Sewer Expense $880
  • Operating Expense $7,152
  • Gross Income $48,900
  • Net Operating Income $41,748

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,559

Year Built

Built in 1943

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Inclusions: to be determined
  • Property Attached: Yes
  • Subdivision Name Other: Lakewood Village (LKVL)
  • Water Sewer Expenses: 880.00
  • Zoning: LBR34
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 2180.00
  • Parcel Number: 7181030009
  • Year Built: 1943
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 458.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Pest Control Expense: 605.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7474.00
  • Lot Size Acres: 0.1716

Multi Family

  • Gross Income: 48900.00
  • Gross Scheduled Income: 48900.00
  • Insurance Expense: 1323.00
  • Lot Size Area: 7474.0000 Square Feet
  • Maintenance Expense: 1095.00
  • Net Operating Income: 41748.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 7152.00
  • Other Expense: 1069.00
  • Other Expense Description: environm
  • Rent Control: No
  • Total Expenses: 7152.00

Tax Info

  • Tax Block: A
  • Tax Census Tract: 5712.00
  • Tax Lot: 9
  • Tax Tract Number: 111

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2021
Closed on
Aug 31, 2021
Sold by
Nielsen Elizabeth M and Elizabeth Margaret Nielsen Tru
Bought by
Lalonde David M and Lalonde Deborah D
Seller's Agent
Linda Governale
Century 21 Union Realty
Buyer's Agent
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,100,000
Sold Price
$1,063,000
Premium/Discount to List
-$37,000
-3.36%
Current Estimated Value
$1,320,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,985
Avg. Annual Appreciation
5.86%
Original Mortgage
$744,100
Outstanding Balance
$680,021
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$641,875

Purchase Details

Closed on
Aug 19, 2019
Sold by
Nielsen Elizabeth M and Nielsen Family Trust
Bought by
Nielsen Elizabeth M and Elizabeth Margaret Nielsen Tru

Purchase Details

Closed on
Aug 20, 2014
Sold by
Nielsen Shirley C and Nielsen Family Trust
Bought by
Nielsen Shirley C and Nielsen Family Trust

Purchase Details

Closed on
Apr 27, 1994
Sold by
Nielsen James P and Nielsen Shirley C
Bought by
Nielsen James P and Nielsen Shirley C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.38%

Purchase Details

Closed on
Mar 31, 1994
Sold by
Nielsen James P and Nielsen Shirley C
Bought by
Nielsen James P and Nielsen Shirley C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.38%
Source: Public Records

Range of Values:

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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
Lalonde David M $1,063,000 Priority Title
Nielsen Elizabeth M -- None Available
Nielsen Shirley C -- None Available
Nielsen James P -- --
Nielsen James P -- Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lalonde David M $744,100
Previous Owner Nielsen James P $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2021 10/13/21 Sold $1,063,000 -3.4% $458 / Sq Ft
08/25/2021 08/25/21 Pending -- -- --
08/19/2021 08/19/21 For Sale $1,100,000 0.0% $474 / Sq Ft
08/19/2021 08/19/21 Pending -- -- --
08/09/2021 08/09/21 For Sale $1,100,000 -- $474 / 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 $14,559 $1,128,063 $848,966 $279,097
2024 $14,559 $1,105,945 $832,320 $273,625
2023 $14,313 $1,084,260 $816,000 $268,260
2022 $13,433 $1,063,000 $800,000 $263,000
2021 $3,710 $248,188 $113,837 $134,351
2019 $3,656 $240,828 $110,461 $130,367
2018 $3,495 $236,107 $108,296 $127,811
2016 $3,216 $226,941 $104,092 $122,849
2015 $3,099 $223,533 $102,529 $121,004
2014 $3,100 $219,155 $100,521 $118,634
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21175606

California Regional Multiple Listing Service (CRMLS)

APN: 7181-030-009