NOT LISTED FOR SALE

Estimated Value: $839,000 - $917,000

2 Beds
2 Baths
1,757 Sq Ft
$504/Sq Ft Est. Value

Last Sold October 05, 2023

Last sale price $810,000 $461 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,567/month

126 Days on Market

About This Home

As of October 2023

This triplex represents an outstanding investment opportunity in the thriving city of Long Beach. With three well-maintained 1-bedroom, 1-bathroom units that generate excellent rental income and maintain stable occupancy, this property offers a compelling return on investment for savvy buyers. Strategically located, this triplex property offers unparalleled convenience for commuters with easy access to major freeways and public transportation. Each unit maximizes livable space and ensures comfortable living for your tenants. This TRIPLEX is a RARE find in the Long Beach market, offering investors an opportunity to capitalize on the city's growth. With its prime location, income, and strong demand for rental properties, this investment is sure to produce reliable returns and long-term value. Drive-by only -- do not disturb occupants.

Last Agent to Sell the Property

Paige Charnick

Beach Equities License #01755588 Listed on: 04/27/2023

Co-Listed By

Patricia Higgins

Beach Equities License #00679028

Last Buyer's Agent

Mona Alemzadeh

C-21 INVERNESS License #01347440

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,690

Year Built

  • Built in 1951

Lot Details

  • 5,214 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 1,757 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 15 / I
  • Tax Tract Number 8281
  • Assessor Parcel Number 7128004010
  • $608 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • North Long Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,690

Year Built

Built in 1951

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Other Phone Description: 562-210-4871
  • Price Per Unit: 265000
  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR3T
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7128004010
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: ground + steps
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 461.01

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5214.00
  • Lot Size Acres: 0.1197

Multi Family

  • Average1 Bed Area: 585 Square Feet
  • Lot Size Area: 5214.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Block: I
  • Tax Census Tract: 5706.01
  • Tax Lot: 15
  • Tax Tract Number: 8281
  • TaxOtherAnnualAssessmentAmount: 608.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2023
Closed on
Sep 5, 2023
Sold by
Mizraji Family Trust
Bought by
Hoang Nam Trung
Seller's Agent
Paige Charnick
Beach Equities
Buyer's Agent
Mona Alemzadeh
C-21 INVERNESS
List Price
$1,200,000
Sold Price
$810,000
Premium/Discount to List
-$390,000
-32.5%
Views
785
Current Estimated Value
$885,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,456
Avg. Annual Appreciation
3.88%
Original Mortgage
$607,500
Interest Rate
7.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2022
Sold by
Mizraji Gabriel M and Mizraji Tracey L
Bought by
Mizraji Family Trust

Purchase Details

Listed on
Apr 6, 2016
Closed on
Apr 13, 2016
Sold by
Colangelo Teresa
Bought by
Mizraji Gabriel and Mizraji Tracey
Seller's Agent
Richard Bell
Bell Realty Group
Buyer's Agent
Tracy Golla
HomeSmart, Evergreen Realty
List Price
$515,000
Sold Price
$525,000
Premium/Discount to List
$10,000
1.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.58%
Original Mortgage
$393,750
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2013
Sold by
Beach Professional Office Llc
Bought by
Colangelo Teresa and Colangelo 1990 Family Trust B

Purchase Details

Closed on
Apr 6, 2011
Sold by
Federal National Mortgage Association
Bought by
Beach Professional Office Llc

Purchase Details

Closed on
Dec 16, 2010
Sold by
Burke Kenneth A and Burke Donuella
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 31, 2004
Sold by
Contreras Frankie T and Contreras Gracie
Bought by
Burke Kenneth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 26, 2002
Sold by
Porter Elvie
Bought by
Contreras Frankie T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,900
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 12, 2001
Sold by
Doyle Patrick and Doyle Judith
Bought by
Porter Elvie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,475
Interest Rate
6.92%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hoang Nam Trung $810,000 Monarch Title
Mizraji Family Trust -- None Listed On Document
Mizraji Gabriel $525,000 Fidelity National Title
Colangelo Teresa -- None Available
Colangelo Teresa A -- None Available
Beach Professional Office Llc $254,000 Lsi Title Company Inc
Federal National Mortgage Association $371,136 Dar Title Company
Burke Kenneth A $410,000 North American Title Company
Contreras Frankie T $250,000 Chicago Title
Porter Elvie $188,000 Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoang Nam Trung $595,000
Closed Hoang Nam Trung $607,500
Previous Owner Mizraji Gabriel $379,000
Previous Owner Mizraji Gabriel $393,750
Previous Owner Burke Kenneth A $133,800
Previous Owner Burke Kenneth A $328,000
Previous Owner Contreras Frankie T $224,900
Previous Owner Porter Elvie $167,475
Previous Owner Doyle Patrick J $203,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2023 10/05/23 Sold $810,000 +1.9% $461 / Sq Ft
08/20/2023 08/20/23 Price Changed $795,000 -11.2% $452 / Sq Ft
06/18/2023 06/18/23 Price Changed $895,000 -10.5% $509 / Sq Ft
05/11/2023 05/11/23 Price Changed $999,999 -16.7% $569 / Sq Ft
04/27/2023 04/27/23 For Sale $1,200,000 +128.6% $683 / Sq Ft
05/11/2016 05/11/16 Sold $525,000 +1.9% $299 / Sq Ft
04/11/2016 04/11/16 Pending -- -- --
04/06/2016 04/06/16 For Sale $515,000 -- $293 / 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 $10,690 $826,200 $408,000 $418,200
2024 $10,690 $810,000 $400,000 $410,000
2023 $8,061 $597,355 $182,050 $415,305
2022 $7,574 $585,643 $178,481 $407,162
2021 $7,419 $574,161 $174,982 $399,179
2020 $7,400 $568,474 $173,188 $395,286
2019 $7,314 $557,333 $169,793 $387,540
2018 $7,063 $546,410 $166,464 $379,946
2016 $4,641 $364,080 $182,040 $182,040
2015 $4,460 $358,612 $179,306 $179,306
2014 $4,442 $351,588 $175,794 $175,794
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23072037

California Regional Multiple Listing Service (CRMLS)

APN: 7128-004-010