NOT LISTED FOR SALE

Estimated Value: $1,125,000 - $1,548,000

4 Beds
4 Baths
2,320 Sq Ft
$608/Sq Ft Est. Value

Last Sold July 23, 2018

Last sale price $950,000 $409 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $8,836/month

55 Days on Market

About This Home

As of July 2018

Fourplex located in the highly desirable Lakewood Village neighborhood of Long Beach. The property is located in a beautiful residential neighborhood, and is within walking distance to the Lakewood Center Mall. Built in 1943, the property consists of 2,320 rentable square feet and a lot size of 7,398 square feet. There are (four) one-bedroom/one-bath units, one garage & 3 carport spaces that allow ample parking for the tenants. The property is separately metered for gas and electricity to help keep expenses at a minimum. The building is situated on a double lot and is accessed via a frontage road rather than the major thoroughfare. This gem in the heart of Long Beach won’t last long. Schedule a showing today! Do not disturb tenants!

Last Agent to Sell the Property

Karl Parize

Momentum Realty Group License #01364278 Listed on: 05/18/2018

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,745

Year Built

  • Built in 1943

Lot Details

  • 7,398 Sq Ft Lot
  • Two or More Common Walls
  • Lawn

Parking

  • 1 Car Garage
  • 3 Carport Spaces

Home Design

  • 2,320 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 10
  • Tax Tract Number 12773
  • Assessor Parcel Number 7181002005

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,267
  • Professional Management Expense $2,640
  • Trash Expense $1
  • Water Sewer Expense $1,131
  • New Taxes Expense $7,897
  • Operating Expense $14,381
  • Gross Income $1
  • Net Operating Income $28,783

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,745

Year Built

Built in 1943

Lot Details

0

Parking

1

Listing Details

  • Professional Management Expense: 2640.00
  • Property Attached: Yes
  • Subdivision Name Other: Lakewood Village (LVD)
  • Water Sewer Expenses: 1131.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7181002005
  • Year Built: 1943
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 409.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 7398.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 580 Square Feet
  • Gross Income: 1.00
  • Gross Scheduled Income: 50340.00
  • Insurance Expense: 1267.00
  • Net Operating Income: 28783.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 21557.00
  • Rent Control: No
  • Total Actual Rent: 4195.00
  • Total Expenses: 14381.00

Tax Info

  • New Taxes Expense: 7897.00
  • Tax Lot: 10
  • Tax Tract Number: 12773

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2024
Sold by
Anderson Deborah F and Anderson Jerry B
Bought by
Anderson Revocable Living Trust and Anderson
Current Estimated Value
$1,411,548

Purchase Details

Listed on
May 18, 2018
Closed on
Jun 14, 2018
Sold by
Neglia Jack
Bought by
Anderson Jerry B and Anderson Deborah F
Seller's Agent
Karl Parize
Momentum Realty Group
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$949,990
Sold Price
$950,000
Premium/Discount to List
$10
0.001%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.60%
Original Mortgage
$690,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2015
Sold by
Neglia Jack
Bought by
Neglia Jack and The Jack Neglia Revocable Trust

Purchase Details

Closed on
Nov 30, 2010
Sold by
Chapin Ralph W and The Ralph W Chapin Trust
Bought by
Neglia Jack

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.34%
Mortgage Type
New Conventional
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
Anderson Revocable Living Trust -- None Listed On Document
Anderson Jerry B $950,000 Stewart Title Of California
Neglia Jack -- None Available
Neglia Jack $540,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Anderson Jerry B $669,100
Previous Owner Anderson Jerry B $690,000
Previous Owner Neglia Jack $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2018 07/23/18 Sold $950,000 0.0% $409 / Sq Ft
07/12/2018 07/12/18 For Sale $949,990 0.0% $409 / Sq Ft
06/30/2018 06/30/18 Off Market $950,000 -- --
06/19/2018 06/19/18 For Sale $949,990 0.0% $409 / Sq Ft
06/12/2018 06/12/18 Off Market $950,000 -- --
05/18/2018 05/18/18 For Sale $949,990 -- $409 / 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 $13,745 $1,059,738 $669,309 $390,429
2024 $13,745 $1,038,960 $656,186 $382,774
2023 $13,513 $1,018,589 $643,320 $375,269
2022 $12,685 $998,617 $630,706 $367,911
2021 $12,432 $979,038 $618,340 $360,698
2020 $12,399 $969,000 $612,000 $357,000
2019 $12,254 $950,000 $600,000 $350,000
2018 $7,985 $608,027 $422,242 $185,785
2016 $7,349 $584,419 $405,847 $178,572
2015 $7,061 $575,641 $399,751 $175,890
2014 $7,025 $564,366 $391,921 $172,445
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18117808

California Regional Multiple Listing Service (CRMLS)

APN: 7181-002-005