$1,115,000
SOLD JUL 26, 2024
4 Beds
2 Baths
1,638 Sq Ft
6,067 Sq Ft Lot

Recently Sold

$681 Per Sq Ft

1% Above List Price

15 Days on Market

Highlights

  • Park or Greenbelt View
  • No HOA
  • Wall Furnace
  • Stanford Middle School Rated A-
  • Laundry Room
  • Back and Front Yard

About This Home

As of July 2024

4956 and 4958 E Stearns St is a great opportunity to own a duplex in the Artcraft Manor area of Long Beach across the street from Stearns Champions Park. Both units are each two bedrooms and one bath and have hardwood floors and a separate laundry room inside the unit. The long driveway and two car garage is shared by both units. The rear unit has a private backyard and the front unit has a large front yard of its own. Please do not disturb the tenants, drive by only, please do not walk the property. SEE LISTING SUPPLEMENTS FOR AN ESTATE APPRAISAL THAT WAS DONE AND SEE INTERIOR PHOTOS OF BOTH UNITS. All tenants are month to month

Last Agent to Sell the Property

Pat Cassara

Keller Williams Coastal Prop. Brokerage Phone: 562-818-2483 License #00776543 Listed on: 06/12/2024

Keller Williams Coastal Prop.

Last Buyer's Agent

Dennis Cid

Circle Real Estate License #02106156

Circle Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,498

Year Built

  • Built in 1949

Lot Details

  • 6,067 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 1,638 Sq Ft Home
  • 1-Story Property
  • Park or Greenbelt Views
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 8
  • Tax Tract Number 14230
  • Assessor Parcel Number 7219020003
  • $501 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Artcraft Manor Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $200
  • Trash Expense $75
  • Operating Expense $12,075
  • Gross Income $48,300
  • Net Operating Income $36,225

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,498

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Price Per Unit: 550000
  • Property Attached: No
  • Subdivision Name Other: Artcraft Manor (AM)
  • View: Yes
  • Zoning: LBR2N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7219020003
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 680.71

Exterior Features

  • Foundation: Raised
  • View: Park/Greenbelt
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 75.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6067.00
  • Lot Size Acres: 0.1393
  • Latitude Manual: 33.79582700

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 48300.00
  • Gross Operating Income: 48300.00
  • Gross Scheduled Income: 48300.00
  • Insurance Expense: 200.00
  • Lot Size Area: 6067.0000 Square Feet
  • Net Operating Income: 36225.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 12075.00
  • Rent Control: No
  • Total Actual Rent: 5200.00
  • Total Expenses: 12075.00

Tax Info

  • Tax Census Tract: 5749.02
  • Tax Lot: 8
  • Tax Tract Number: 14230
  • TaxOtherAnnualAssessmentAmount: 501.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2024
Closed on
Jul 19, 2024
Sold by
Garcia Allyson
Bought by
Garcia Fernando Alvarez
Seller's Agent
Pat Cassara
Keller Williams Coastal Prop.
Buyer's Agent
Dennis Cid
Circle Real Estate
List Price
$1,100,000
Sold Price
$1,115,000
Premium/Discount to List
$15,000
1.36%
Views
23
Current Estimated Value
$1,139,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,929
Avg. Annual Appreciation
3.35%
Original Mortgage
$1,014,447
Outstanding Balance
$1,007,591
Interest Rate
6.95%
Mortgage Type
FHA
Estimated Equity
$144,054

Purchase Details

Closed on
Oct 6, 2023
Sold by
Traywick Family Trust and Traywick John Bradley
Bought by
Traywick John Bradley

Purchase Details

Closed on
Dec 24, 2002
Sold by
Traywick Harry L
Bought by
Traywick Harry L
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- First American Title Company
Grant Deed $1,115,000 First American Title Company
Gift Deed -- None Listed On Document
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,014,447 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2024 07/26/24 Sold $1,115,000 +1.4% $681 / Sq Ft
06/27/2024 06/27/24 Pending -- -- --
06/12/2024 06/12/24 For Sale $1,100,000 -- $672 / 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
2024 $1,498 $79,522 $38,666 $40,856
2023 $1,471 $77,963 $37,908 $40,055
2022 $1,393 $76,435 $37,165 $39,270
2021 $1,354 $74,937 $36,437 $38,500
2019 $1,334 $72,716 $35,357 $37,359
2018 $1,218 $71,291 $34,664 $36,627
2016 $1,114 $68,524 $33,319 $35,205
2015 $1,077 $67,496 $32,819 $34,677
2014 $1,083 $66,175 $32,177 $33,998
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24119509

California Regional Multiple Listing Service (CRMLS)

APN: 7219-020-003