NOT LISTED FOR SALE

Estimated Value: $1,131,000 - $1,647,000

4 Beds
4 Baths
2,338 Sq Ft
$637/Sq Ft Est. Value

Last Sold August 14, 2019

Last sale price $1,040,000 $445 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $9,348/month

75 Days on Market

Highlights

  • Tile Flooring
  • Drip System Landscaping
  • West Facing Home
  • Mark Twain Elementary School Rated A-
  • 3 Car Garage
  • Rectangular Lot

About This Home

As of August 2019

Rare Opportunity to own your own investment property in an amazing location! This quadruplex is close to the new LBX retail center with shops, stores, and restaurants creating a busy, yet beautiful location in Long Beach where the demand will never fade. This quadruplex has 4 units with 1 bedroom and 1 bath each with 2,338 of rentable sqft and a lot size of 7,511 sqft. Property has had recent upgrades that any buyer will appreciate! New copper plumbing and water heaters for each unit. In some units installation of new carpeting, allure vinyl, and laminate flooring. Drought resistant landscaping with lo drip irrigation system to maintain expenses low. The building has an attached 2 car garage plus a one car garage that may be rented, more rent potential! In addition, there are two spaces available next to the garage to park and on-street parking. The property is separately metered for gas and electricity to help keep expenses low. Don't miss out on this property it will go quickly. Send your offers! Drive by only and please don't disturb tenants! Sold "as is condition."

Last Agent to Sell the Property

Silvia Sainz

Del Sol Realty and Associates License #01755220 Listed on: 05/04/2019

Last Buyer's Agent

Gary Price

Coldwell Banker Realty License #581082

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,728

Year Built

  • Built in 1943

Lot Details

  • 7,511 Sq Ft Lot
  • Two or More Common Walls
  • West Facing Home
  • Drip System Landscaping
  • Rectangular Lot
  • Front Yard

Parking

  • 3 Car Garage
  • 2 Open Parking Spaces
  • Side Facing Garage
  • Two Garage Doors
  • On-Street Parking
  • Parking Lot
  • Off-Street Parking

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 2,338 Sq Ft Home
  • 2-Story Property
  • Gas Cooktop

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 9
  • Tax Tract Number 12773
  • Assessor Parcel Number 7181001009

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $1,620
  • Maintenance Expense $1,940
  • Trash Expense $1
  • Water Sewer Expense $1,144
  • New Taxes Expense $13,000
  • Operating Expense $17,958
  • Gross Income $2,100
  • Net Operating Income $46,974

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,728

Year Built

Built in 1943

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Lakewood Village (LVD)
  • Water Sewer Expenses: 1144.00
  • Zoning: LBR34
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1620.00
  • Parcel Number: 7181001009
  • Year Built: 1943
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Partial
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Appliances: Yes
  • Levels: One, Two
  • Price Per Square Foot: 444.82

Exterior Features

  • Direction Faces: West
  • Fence: No
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking Features: Garage, Garage Faces Side, Garage - Single Door, Garage - Two Door, Off Street, On Site, Parking Space, Street
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range, Gas Cooktop, Refrigerator, Water Heater
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Green Features

  • Green Water Conservation: Water-Smart Landscaping

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Rectangular Lot, Sprinklers Drip System
  • Lot Size Sq Ft: 7511.00
  • Lot Size Acres: 0.1724

Rental Info

  • Garage Rental Rate: 175.00
  • Tenant Pays: Electricity, Gas

Multi Family

  • Garage Income: 2100.00
  • Gross Income: 2100.00
  • Gross Scheduled Income: 64932.00
  • Lot Size Area: 7511.0000 Square Feet
  • Maintenance Expense: 1940.00
  • Net Operating Income: 46974.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Refrigerator: 4
  • Operating Expense: 17958.00
  • Rent Control: No
  • Total Actual Rent: 62832.00
  • Total Expenses: 17958.00

Tax Info

  • New Taxes Expense: 13000.00
  • Tax Census Tract: 5708.00
  • Tax Lot: 9
  • Tax Tract Number: 12773

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2023
Sold by
Stok James and Stok Holly
Bought by
James W Stok Living Trust and Holly Kuwayama Separate Property Trust
Current Estimated Value
$1,490,352

Purchase Details

Listed on
May 4, 2019
Closed on
Aug 6, 2019
Sold by
Coquereau Ward Derek and Coquereau Ward Inez
Bought by
Kuwayama Holly and Stok James
Seller's Agent
Silvia Sainz
Del Sol Realty and Associates
Buyer's Agent
Gary Price
Coldwell Banker Realty
List Price
$1,100,000
Sold Price
$1,040,000
Premium/Discount to List
-$60,000
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.54%
Original Mortgage
$540,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2018
Sold by
Ward Derek
Bought by
Ward Derek and Ward Inez Coquereau

Purchase Details

Listed on
Feb 16, 2013
Closed on
Feb 7, 2013
Sold by
Muis Robert E and Muis Jacquelyn J
Bought by
Ward Derek
Seller's Agent
Ruth Ramirez
Re/Max College Park Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$500,000
Sold Price
$460,000
Premium/Discount to List
-$40,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.59%
Original Mortgage
$448,208
Interest Rate
3.24%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 14, 2004
Sold by
Muis Robert E and Muis Jacquelyn J
Bought by
Muis Robert E
Source: Public Records

Range of Values:

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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
James W Stok Living Trust -- None Listed On Document
Kuwayama Holly $1,040,000 Lawyers Title
Ward Derek -- None Available
Ward Derek $460,000 Lawyers Title
Muis Robert E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kuwayama Holly $540,000
Previous Owner Ward Derek $487,500
Previous Owner Ward Derek $448,208
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2019 08/14/19 Sold $1,040,000 0.0% $445 / Sq Ft
07/18/2019 07/18/19 Pending -- -- --
06/25/2019 06/25/19 Price Changed $1,040,000 -5.5% $445 / Sq Ft
05/04/2019 05/04/19 For Sale $1,100,000 +139.1% $470 / Sq Ft
03/13/2013 03/13/13 Sold $460,000 -8.0% $198 / Sq Ft
02/15/2013 02/15/13 Pending -- -- --
02/05/2013 02/05/13 For Sale $500,000 -- $216 / 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 $14,728 $1,137,386 $765,550 $371,836
2024 $14,728 $1,115,086 $750,540 $364,546
2023 $14,479 $1,093,223 $735,824 $357,399
2022 $13,593 $1,071,789 $721,397 $350,392
2021 $13,325 $1,050,774 $707,252 $343,522
2020 $13,289 $1,040,260 $700,000 $340,260
2019 $6,857 $508,050 $209,738 $298,312
2018 $6,573 $498,094 $205,626 $292,468
2016 $6,047 $478,505 $197,643 $280,862
2015 $5,811 $471,319 $194,675 $276,644
2014 $5,786 $462,087 $190,862 $271,225
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19102077

California Regional Multiple Listing Service (CRMLS)

APN: 7181-001-009