Seller's Agent in 2025
BADAR MANSOOR
SMART SELL REAL ESTATE
(909) 256-2560
3 in this area
65 Total Sales
494 E Sunset St Long Beach, CA 90805
Addams NeighborhoodEstimated Value: $528,000 - $926,973
3
Beds
3
Baths
1,364
Sq Ft
$584/Sq Ft
Est. Value
Highlights
- Built in 1954 | Newly Remodeled
- No HOA
- Wood Fence
- Traditional Architecture
- Cooling Available
- Heating Available
About This Home
As of March 2025Gorgeous Remodeled 3-Unit Property in Desirable North Long Beach This beautifully renovated multi-unit property offers a fantastic investment opportunity in a sought-after area of North Long Beach. It consists of 2 attached 1-bedroom, 1-bathroom units and a newly constructed, standalone 3rd unit (built in 2024), providing spacious living arrangements for tenants or owner-occupants. Key Features: Completely Remodeled: All units have been fully renovated inside and out with modern finishes. Upgrades Include: New flooring throughout Brand-new roof Fresh interior and exterior paint Fully updated kitchens with new countertops and appliances Renovated bathrooms with contemporary fixtures Standalone 3rd Unit (Built in 2024): A spacious 1-bedroom, 1-bathroom unit with modern amenities. Individual Utilities: Each unit has its own electric meter and remote-controlled heating/cooling wall units, providing tenants with comfort and privacy, allowing you the flexibility to determine lease terms and conditions. Ideal for Owner-Occupant or Investor: Live in one unit and rent out the others for additional income. Prime Location: Convenient Access to Amenities: Close to shopping centers, restaurants, and more. Proximity to Downtown Long Beach & the Beach: Just a short drive away from Long Beach's vibrant downtown area and the beach. Easy Airport Access: Long Beach Airport is only 13 minutes away, making travel a breeze. Buyer’s Responsibility: Buyer and their agents are advised to verify all property details and information independently.
Last Agent to Sell the Property
SMART SELL REAL ESTATE Brokerage Phone: 909-560-3262 License #01259428 Listed on: 01/06/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954 | Newly Remodeled
Lot Details
- 3,655 Sq Ft Lot
- Two or More Common Walls
- Wood Fence
- Chain Link Fence
- Density is 2-5 Units/Acre
Home Design
- Triplex
- Traditional Architecture
- Entry on the 1st floor
- Slab Foundation
- Shingle Roof
- Stucco
Interior Spaces
- 1,364 Sq Ft Home
- 1-Story Property
- Laminate Flooring
- Gas Range
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Location
- Urban Location
Utilities
- Cooling Available
- Heating Available
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 1627
- Tax Tract Number 5134
- Assessor Parcel Number 7130011015
- $395 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
- North Long Beach Subdivision
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $4,500
- Water Sewer Expense $3,600
- Operating Expense $8,100
- Gross Income $73,200
- Net Operating Income $57,540
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 6, 2025
Closed on
Feb 7, 2025
Sold by
Aaa American 2
Bought by
Garcia Michael and Garcia Elisabeth
Seller's Agent
BADAR MANSOOR
SMART SELL REAL ESTATE
Buyer's Agent
Eric Pinaya
24 Hour Real Estate
List Price
$899,000
Sold Price
$890,000
Premium/Discount to List
-$9,000
-1%
Views
37
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$93,757
Avg. Annual Appreciation
-13.79%
Original Mortgage
$578,500
Outstanding Balance
$575,096
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$221,147
Purchase Details
Closed on
Feb 21, 2024
Sold by
Journey Investments Inc
Bought by
Aaa American 2
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$471,500
Interest Rate
6.63%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 11, 2024
Sold by
Ken Allen Lamphear and Ken Vivian Shaw
Bought by
Journey Investments Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$471,500
Interest Rate
6.63%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 23, 2011
Sold by
Frankenfield Virginia S and The Frankenfield Living Trust
Bought by
Lamphear Ken Allen and Lamphear Vivian Shaw
Purchase Details
Closed on
Apr 28, 1999
Sold by
Frankenfied Carlyle B and Frankenfield Virginia S
Bought by
Frankenfield Carlyle B
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Garcia Michael | $890,000 | Usa National Title | |
| Aaa American 2 | $490,000 | Old Republic Title Company | |
| Journey Investments Inc | $717,000 | Old Republic Title | |
| Lamphear Ken Allen | $530,000 | Pacific Coast Title Company | |
| Frankenfield Carlyle B | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Garcia Michael | $578,500 | |
| Previous Owner | Aaa American 2 | $471,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/10/2025 03/10/25 | Sold | $890,000 | -1.0% | $652 / Sq Ft |
| 01/26/2025 01/26/25 | Pending | -- | -- | -- |
| 01/06/2025 01/06/25 | For Sale | $899,000 | 0.0% | $659 / Sq Ft |
| 11/21/2024 11/21/24 | Rented | $1,950 | +5.4% | -- |
| 11/14/2024 11/14/24 | Price Changed | $1,850 | -0.3% | $4 / Sq Ft |
| 10/16/2024 10/16/24 | Price Changed | $1,855 | +0.3% | $4 / Sq Ft |
| 09/17/2024 09/17/24 | For Rent | $1,850 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $2,207 | $499,800 | $255,000 | $244,800 |
| 2024 | $2,207 | $135,443 | $110,821 | $24,622 |
| 2023 | $2,047 | $132,789 | $108,649 | $24,140 |
| 2022 | $1,931 | $130,186 | $106,519 | $23,667 |
| 2021 | $1,886 | $127,634 | $104,431 | $23,203 |
| 2019 | $1,860 | $123,851 | $101,335 | $22,516 |
| 2018 | $1,758 | $121,424 | $99,349 | $22,075 |
| 2016 | $1,621 | $116,711 | $95,492 | $21,219 |
| 2015 | $1,561 | $114,959 | $94,058 | $20,901 |
| 2014 | $1,561 | $112,708 | $92,216 | $20,492 |
Source: Public Records
Agents Affiliated with this Home
-
BADAR MANSOOR
-
Eric Pinaya
E
Buyer's Agent in 2025
Eric Pinaya
24 Hour Real Estate
(562) 861-7257
2 in this area
9 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV25002861
APN: 7130-011-015
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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