NOT LISTED FOR SALE

Estimated Value: $727,000 - $948,000

3 Beds
3 Baths
1,364 Sq Ft
$634/Sq Ft Est. Value

Sale Details

Date Sold: March 10, 2025

Last sale price $890,000 $652 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $5,613 / mo

20 Days on Market

Highlights

  • Built in 1954 | Newly Remodeled
  • No HOA
  • Heating Available
  • Traditional Architecture
  • Wood Fence
  • 1-Story Property

About This Home

As of March 2025

Gorgeous 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

BADAR MANSOOR

Remax Foothills Brokerage Phone: 909-560-3262 License #01259428 Listed on: 01/06/2025

Last Buyer's Agent

Eric Pinaya

24 Hour Real Estate License #01397355

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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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

Property Details

Home Type

Multi-Family

Year Built

Built in 1954 | Newly Remodeled

Lot Details

3,655 Sq Ft Lot

Listing Details

  • CapRate: 5.20
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Water Sewer Expenses: 3600.00
  • Zoning: LBR1N
  • Architectural Style: Traditional
  • New Construction: Yes
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7130011015
  • Year Built: 1954
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 652.49
  • Room Type: All Bedrooms Down, Kitchen

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range, Gas Water Heater, Water Heater
  • Electric: Standard
  • Heating Type: Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3655.00
  • Lot Size Acres: 0.0839

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 73200.00
  • Gross Operating Income: 69540.00
  • Gross Scheduled Income: 73200.00
  • Insurance Expense: 4500.00
  • Lot Size Area: 3655.0000 Square Feet
  • Net Operating Income: 57540.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 12000.00
  • Rent Control: No
  • Total Expenses: 8100.00

Tax Info

  • Tax Census Tract: 5717.04
  • Tax Lot: 1627
  • Tax Tract Number: 5134
  • TaxOtherAnnualAssessmentAmount: 395.00

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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)

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV25002861

California Regional Multiple Listing Service (CRMLS)

APN: 7130-011-015

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