NOT LISTED FOR SALE

Estimated Value: $1,071,000 - $1,334,000

4 Beds
3 Baths
1,960 Sq Ft
$599/Sq Ft Est. Value

Last Sold May 18, 2022

Last sale price $1,150,000 $587 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,688/month

2 Days on Market

Highlights

  • 0.14 Acre Lot
  • Laundry Room
  • Bike Trail
  • Private Yard
  • Landscaped

About This Home

As of May 2022

REMODELED Triplex in the Wilmore Historic District walkable to Downtown Long Beach with large open courtyard/backyard with deck between two structures, plus a private fenced area for the main house. FRONT HOUSE is a 2 bedroom Single Family Home. REAR UNITS are 1 bedrooms. ADD'L UPGRADES: - Update drought-friendly landscaping with drip irrigation. - Update electrical and plumbing. - Front house foundation bolted. *** Owners pays gas and water. Tenants pay electric. *** 3 separate garages with space for 4 cars. The large garage for 2 cars - Not rented at the moment but was previously rented at $150/month and the 2 Individual garages currently rented at $75 each. *Laundry income: $40/month ***

Last Agent to Sell the Property

Maggie Ding

Compass License #01414326 Listed on: 04/01/2022

Compass

Co-Listed By

Gina Delahoussaye

Compass License #01456847

Last Buyer's Agent

Bill Ruane

Estate Properties License #00972400

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,457

Year Built

  • Built in 1926

Lot Details

  • 6,049 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Private Yard
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • 1,960 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, parking fee
  • Legal Lot and Block 13 / 144
  • Tax Tract Number 575
  • Assessor Parcel Number 7278020037

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • Fuel Expense $932
  • Insurance Expense $1,000
  • Trash Expense $932
  • Water Sewer Expense $632
  • Operating Expense $16,052
  • Gross Income $58,883
  • Net Operating Income $42,802

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,457

Year Built

Built in 1926

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 348333
  • Property Attached: Yes
  • Water Sewer Expenses: 632.00
  • Zoning: LBPD30
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7278020037
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 586.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 932.46
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Yard
  • Lot Size Sq Ft: 6049.00
  • Lot Size Acres: 0.1389

Rental Info

  • Garage Rental Rate: 75.00
  • Tenant Pays: Cable TV, Electricity, Parking Fee

Multi Family

  • Average1 Bed Area: 408 Square Feet
  • Average2 Bed Area: 1144 Square Feet
  • Fuel Expense: 932.18
  • Garage Income: 1800.00
  • Gross Income: 58883.00
  • Gross Scheduled Income: 58883.00
  • Insurance Expense: 1000.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 480.00
  • Lot Size Area: 6049.0000 Square Feet
  • Net Operating Income: 42802.38
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 16051.50
  • Rent Control: Yes
  • Total Expenses: 16051.50

Tax Info

  • Tax Block: 144
  • Tax Census Tract: 5759.01
  • Tax Lot: 13
  • Tax Tract Number: 575...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2020
Sold by
Wong Chung Lim and Wong Francine T
Bought by
Wong Chung Lim and Wong Francine Tan
Current Estimated Value
$1,174,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$611,000
Outstanding Balance
$542,290
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$632,341

Purchase Details

Closed on
Dec 6, 2018
Sold by
Berry Rick
Bought by
Wong Chung Lim and Wong Francine Tan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 1999
Sold by
Berry Rick W and Berry John R
Bought by
Berry Rick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,900
Interest Rate
9.99%

Purchase Details

Closed on
Dec 2, 1993
Sold by
Glendale Federal Bank Fsb
Bought by
Berry Rick W and Berry John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.21%
Source: Public Records

Range of Values:

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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
Wong Chung Lim -- None Available
Wong Chung Lim -- None Available
Wong Chung Lim $649,000 Orange Coast Title
Berry Rick -- Fidelity National Title
Berry Rick W $75,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wong Chung Lim $611,000
Previous Owner Wong Chung Lim $486,750
Previous Owner Berry Rick $492,000
Previous Owner Berry Rick $409,500
Previous Owner Berry Rick $308,000
Previous Owner Berry Rick $253,683
Previous Owner Berry Rick $32,000
Previous Owner Berry Rick $215,848
Previous Owner Berry Rick $166,900
Previous Owner Berry Rick W $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2022 05/18/22 Sold $1,150,000 +10.0% $587 / Sq Ft
04/04/2022 04/04/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $1,045,000 +61.0% $533 / Sq Ft
02/12/2019 02/12/19 Sold $649,000 0.0% $331 / Sq Ft
12/06/2018 12/06/18 Pending -- -- --
11/26/2018 11/26/18 For Sale $649,000 0.0% $331 / Sq Ft
10/29/2018 10/29/18 Pending -- -- --
10/25/2018 10/25/18 For Sale $649,000 -- $331 / 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 $15,457 $1,220,389 $795,906 $424,483
2024 $15,457 $1,196,460 $780,300 $416,160
2023 $15,197 $1,173,000 $765,000 $408,000
2022 $8,696 $682,212 $441,494 $240,718
2021 $8,519 $668,837 $432,838 $235,999
2020 $8,497 $662,180 $428,400 $233,780
2019 $3,365 $233,272 $130,404 $102,868
2018 $3,245 $228,703 $127,848 $100,855
2016 $2,986 $219,633 $122,885 $96,748
2015 $2,875 $216,335 $121,040 $95,295
2014 $2,871 $212,098 $118,669 $93,429
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22058704

California Regional Multiple Listing Service (CRMLS)

APN: 7278-020-037