NOT LISTED FOR SALE

Estimated Value: $605,000 - $746,000

2 Beds
2 Baths
1,092 Sq Ft
$608/Sq Ft Est. Value

Last Sold April 19, 2022

Last sale price $580,000 $531 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,134/month

17 Days on Market

Highlights

  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Rectangular Lot

About This Home

As of April 2022

The property is a pride of ownership vintage Spanish style duplex with a detached garage and a covered patio. Both units have identical layout and feature one bedroom and one bathroom each as well as a small office nook and small laundry room. Unit 519 features a covered patio and unit 521 has a detached one-car garage. The garage is currently not leased and is used by the current owner. The property is well-located adjacent to PCH and Long Beach Blvd with lots of mixed-use developments and Metro Blue line. Quick access to 710 and 405 freeways and walking distance to Polytechnic High School and Roosevelt Elementary School. The outside of the building and the inside of unit 519 were repainted in 2021. The electrical was completely rewired in 2021 by a licensed electrician at the cost of $11,640. Lots of other improvements including front yard metal fencing and alley side wood fencing on metal frame. In 2021 alone $15,790 was spent in capital improvements to the property. The front yard features drought resistant landscaping with dual zone timed sprinkler system. A few years ago the roof was coated with white silicone reflective roof coating. The foundation posts were reinforced with metal brackets in 2015. The foundation is original to the building and will need further attention at some point. The Buyer is to investigate and satisfy themselves with all aspects of the property. The owner is a licensed real estate agent.

Last Agent to Sell the Property

Mantas Kliminskas

Buckingham Investments, Inc License #01789491 Listed on: 03/02/2022

Last Buyer's Agent

Kimberlee Massey

RE/MAX TerraSol License #01947567

RE/MAX TerraSol

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 2,230 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Sprinklers on Timer

Parking

  • 1 Car Garage

Home Design

  • 1,092 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 6 / 2
  • Tax Tract Number 2
  • Assessor Parcel Number 7209005007

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $749
  • Water Sewer Expense $549
  • Operating Expense $7,583
  • Gross Income $26,400
  • Net Operating Income $18,817

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

1

Listing Details

  • CapRate: 3.24
  • Property Attached: No
  • Water Sewer Expenses: 549.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7209005007
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 531.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Sprinklers Timer
  • Lot Size Sq Ft: 2230.00
  • Lot Size Acres: 0.0512
  • Latitude Manual: 33.79087600

Multi Family

  • Gross Income: 26400.00
  • Gross Scheduled Income: 26400.00
  • Insurance Expense: 749.00
  • Lot Size Area: 2230.0000 Square Feet
  • Maintenance Percent: 5.00
  • Net Operating Income: 18817.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Patio: 1
  • Operating Expense: 7583.00
  • Rent Control: Yes
  • Total Expenses: 7583.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 5732.02
  • Tax Lot: 6
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2025
Sold by
Mendoza Ramon
Bought by
Ramon Mendoza Iii Sp Revocable Living Trust and Mendoza
Current Estimated Value
$663,911

Purchase Details

Closed on
Oct 9, 2019
Sold by
Kliminskas Mantas
Bought by
Kliminskas Mantas and Kliminskas Maura Natalia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,800
Interest Rate
3.4%

Purchase Details

Listed on
Feb 13, 2015
Closed on
May 6, 2015
Sold by
Valdez Bros Llc
Bought by
Kliminskas Mantas
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Mantas Kliminskas
Buckingham Investments, Inc
List Price
$319,000
Sold Price
$310,000
Premium/Discount to List
-$9,000
-2.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.46%
Original Mortgage
$304,385
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 11, 2014
Closed on
Jan 12, 2015
Sold by
Estate Of Joe Richard Baca
Bought by
Valdez Bros Llc
Seller's Agent
Virginia Brady
Coldwell Banker Realty
Buyer's Agent
Juan Huizar
Sage Real Estate Group, Inc.
List Price
$259,000
Sold Price
$235,000
Premium/Discount to List
-$24,000
-9.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
115.85%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ramon Mendoza Iii Sp Revocable Living Trust -- None Listed On Document
Kliminskas Mantas -- Stewart Title Of California
Kliminskas Mantas $310,000 North American Title Company
Valdez Bros Llc $235,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kliminskas Mantas $296,800
Previous Owner Kliminskas Mantas $304,385
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/19/2022 04/19/22 Sold $580,000 0.0% $531 / Sq Ft
03/20/2022 03/20/22 Pending -- -- --
03/02/2022 03/02/22 For Sale $580,000 +87.1% $531 / Sq Ft
06/05/2015 06/05/15 Sold $310,000 -2.8% $284 / Sq Ft View Prior Sale
04/29/2015 04/29/15 Pending -- -- --
02/13/2015 02/13/15 For Sale $319,000 +35.7% $292 / Sq Ft
01/23/2015 01/23/15 Sold $235,000 -9.3% $215 / Sq Ft View Prior Sale
01/07/2015 01/07/15 Pending -- -- --
11/11/2014 11/11/14 For Sale $259,000 -- $237 / 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 $7,874 $615,500 $403,259 $212,241
2024 $7,874 $603,432 $395,352 $208,080
2023 $7,741 $591,600 $387,600 $204,000
2022 $4,459 $351,079 $226,504 $124,575
2021 $4,365 $344,196 $222,063 $122,133
2019 $4,300 $333,989 $215,478 $118,511
2018 $4,164 $327,441 $211,253 $116,188
2016 $3,830 $314,727 $203,050 $111,677
2015 $3,711 $305,994 $152,997 $152,997
2014 -- $20,545 $9,174 $11,371
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22034005

California Regional Multiple Listing Service (CRMLS)

APN: 7209-005-007