Seller's Agent in 2019
Jeff Warren
Compass
(310) 487-9266
3 in this area
87 Total Sales
531 N Virginia Ct Long Beach, CA 90802
West Village NeighborhoodEstimated Value: $947,000 - $1,197,000
4
Beds
3
Baths
1,987
Sq Ft
$531/Sq Ft
Est. Value
Highlights
- 0.08 Acre Lot
- Whole House Fan
- Laundry Room
- Open Floorplan
- Park
- Turnkey
About This Home
As of September 2019Amazing opportunity to own an amazing 3 unit property in the quickly appreciating zip code of 90802 in downtown Long Beach! This property is situated in an incredible location - just blocks away from Pine & Ocean Blvd. Each unit has been recently renovated and is in incredible and turnkey condition. All rents have been brought up to market value. This property runs like a well oiled machine. This is perfect for a buyer who wants to live in one unit and rent out the other two, or it is perfect for any person who wants to own a beautiful piece of real estate that will manage itself. This location cannot be beat in terms of long term investment! The exterior and interior have been completely remodeled in the last year. Each unit has copper piping, and the parking circumstances are phenomenal. There are three interior spots available - one parking spot for each of the 3 units - so valuable in the downtown 90802 zip code of Long Beach! Don't let this opportunity pass you up...
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,719
Year Built
- Built in 1908 | Remodeled
Lot Details
- 3,315 Sq Ft Lot
- Property fronts an alley
- No Common Walls
- Density is 2-5 Units/Acre
Home Design
- Turnkey
- Shingle Roof
- Asphalt Roof
Interior Spaces
- 1,987 Sq Ft Home
- Open Floorplan
- Laminate Flooring
- Range Hood
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Parking
- Parking Available
- Private Parking
Additional Features
- Exterior Lighting
- Whole House Fan
Listing and Financial Details
- Legal Lot and Block 16 / 60
- Tax Tract Number 7280
- Assessor Parcel Number 7280001012
Community Details
Overview
- 3 Buildings
- 3 Units
Amenities
- Laundry Facilities
Recreation
- Park
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,462
- Water Sewer Expense $1,288
- New Taxes Expense $5,040
- Operating Expense $12,512
- Gross Income $59,940
- Net Operating Income $47,428
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 30, 2024
Sold by
Babos Bungalows Llc
Bought by
Pleasant Kevin M
Current Estimated Value
Purchase Details
Closed on
Jul 30, 2020
Sold by
Pleasant Kevin M and Pleasant Monica M
Bought by
Babos Bungalows Llc
Purchase Details
Listed on
Jul 5, 2019
Closed on
Aug 27, 2019
Sold by
Bilios Holdings Llc
Bought by
Pleasant Kevin M and Pleasant Monica M
Seller's Agent
Jeff Warren
Compass
Buyer's Agent
Melinda Elmer
Century 21 Masters
List Price
$848,000
Sold Price
$835,000
Premium/Discount to List
-$13,000
-1.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.00%
Original Mortgage
$584,500
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 10, 2019
Sold by
Bilios Holdings Llc
Bought by
Bilios Takis
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$514,500
Interest Rate
4.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 7, 2019
Sold by
Bilios Takis
Bought by
Bilios Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$514,500
Interest Rate
4.1%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 15, 2018
Closed on
Jul 15, 2018
Sold by
Gonzalez Yvonne and Estate Of Jose Ojeda Gonzalez
Bought by
Bilios Holdings Llc
Seller's Agent
Patrick Brady
Keller Williams Realty
Buyer's Agent
Jerimie Geppi
Keller Williams Realty
List Price
$548,000
Sold Price
$420,000
Premium/Discount to List
-$128,000
-23.36%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.93%
Original Mortgage
$315,000
Interest Rate
4.5%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 23, 1996
Sold by
Gonzalez Jose O and Mejorado Angelina N
Bought by
Gonzalez Jose O and Mejorado Angelina N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
8.23%
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 |
|---|---|---|---|
| Pleasant Kevin M | -- | Covius Settlement Services | |
| Babos Bungalows Llc | -- | None Available | |
| Pleasant Kevin M | $835,000 | First American Title Ins Co | |
| Bilios Takis | -- | Fidelity National Title Co | |
| Bilios Takis | -- | Fidelity National Title Co | |
| Bilios Holdings Llc | -- | Accommodation | |
| Bilios Holdings Llc | $420,000 | Fidelity National Title Comp | |
| Gonzalez Jose O | -- | Gateway Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Pleasant Kevin M | $584,500 | |
| Previous Owner | Biliios Takis | $514,500 | |
| Previous Owner | Bilios Holdings Llc | $315,000 | |
| Previous Owner | Gonzalez Jose O | $35,000 | |
| Previous Owner | Gonzalez Jose O | $25,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/05/2019 09/05/19 | Sold | $835,000 | -1.5% | $420 / Sq Ft |
| 08/03/2019 08/03/19 | Pending | -- | -- | -- |
| 07/05/2019 07/05/19 | For Sale | $848,000 | +101.9% | $427 / Sq Ft |
| 08/02/2018 08/02/18 | Sold | $420,000 | -8.1% | $211 / Sq Ft |
| 04/25/2018 04/25/18 | Pending | -- | -- | -- |
| 04/05/2018 04/05/18 | Price Changed | $457,000 | -8.2% | $230 / Sq Ft |
| 03/10/2018 03/10/18 | Price Changed | $498,000 | -9.1% | $251 / Sq Ft |
| 02/15/2018 02/15/18 | For Sale | $548,000 | -- | $276 / Sq Ft |
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 | $11,719 | $840,000 | $540,000 | $300,000 |
| 2024 | $11,719 | $895,284 | $536,099 | $359,185 |
| 2023 | $11,521 | $877,731 | $525,588 | $352,143 |
| 2022 | $10,814 | $860,522 | $515,283 | $345,239 |
| 2021 | $10,599 | $843,650 | $505,180 | $338,470 |
| 2020 | $10,571 | $835,000 | $500,000 | $335,000 |
| 2019 | $5,624 | $420,000 | $295,000 | $125,000 |
| 2018 | $2,368 | $157,535 | $61,882 | $95,653 |
| 2017 | $2,342 | $154,447 | $60,669 | $93,778 |
| 2016 | $2,176 | $151,420 | $59,480 | $91,940 |
| 2015 | $2,098 | $149,146 | $58,587 | $90,559 |
| 2014 | $2,100 | $146,226 | $57,440 | $88,786 |
Source: Public Records
Agents Affiliated with this Home
-
Jeff Warren
-
Melinda Elmer
Buyer's Agent in 2019
Melinda Elmer
Century 21 Masters
(562) 316-2915
9 in this area
262 Total Sales
-
Patrick Brady
Seller's Agent in 2018
Patrick Brady
Keller Williams Realty
(562) 881-4013
58 Total Sales
-
Jerimie Geppi
Buyer's Agent in 2018
Jerimie Geppi
Keller Williams Realty
(562) 556-0539
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19159296
APN: 7280-001-012
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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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