NOT LISTED FOR SALE

545 W 3rd St Long Beach, CA 90802

West Village Neighborhood

Estimated Value: $1,873,000 - $2,101,898

12 Beds
8 Baths
5,440 Sq Ft
$365/Sq Ft Est. Value

Last Sold March 29, 2013

Last sale price $910,000 $167 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $11,675/month

161 Days on Market

Highlights

  • 0.17 Acre Lot
  • Wood Siding
  • 5-minute walk to Cesar E Chavez Park
  • Traditional Architecture
  • No Heating

About This Home

As of March 2013

Large 4 Unit Complex in Downtown Long Beach directly across from the new Gov. George Deukmejian Courthouse. Each unit is 3 bedroom & 2.5 bathroom, measuring an estimated 1,340/square feet each. All appliances are included even the washer/dryers for each unit. Actual annual gross income of $81,300. The property was completely remodeled in 2004. Owner gutted the building kept the shell and converted the property from a 12 unit studio building into a 4 plex. Possible Condo Conversion for future owner, a tentative parcel map for condo conversion was started in 2007. Also, one of the units facing 3rd may possibly be converted into a Bail Bonds office that services the new Courthouse. Drive by only, tenants unaware of sale. Units are sub metered for gas & electricity. Total of 12 parking spots. Standard Sale. All units are leased.

Last Agent to Sell the Property

Juan Huizar

Sage Real Estate Group, Inc. License #01417642 Listed on: 03/11/2013

Last Buyer's Agent

Willie Garcia

NextGen Properties License #01113999

NextGen Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 7,502 Sq Ft Lot
  • Lot Dimensions are 50x150

Parking

  • 12 Parking Spaces

Home Design

  • 5,440 Sq Ft Home
  • Traditional Architecture
  • Wood Siding

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Additional Features

  • Doors are 32 inches wide or more
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 20 / 138
  • Tax Tract Number 1
  • Assessor Parcel Number 7278022037

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $400
  • Gardener Expense $720
  • Insurance Expense $1,111
  • Pest Control $400
  • Professional Management Expense $4,050
  • Water Sewer Expense $1,113
  • New Taxes Expense $11,562
  • Gross Income $6,775
  • Net Operating Income $60,975

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.42
  • Professional Management Expense: 4050.00
  • View: No
  • Water Sewer Expenses: 1113.00
  • Zoning: Quadrupl
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7278022037
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Accessibility Features: 32 Inch Or More Wide Doors
  • Appliances: No
  • Price Per Square Foot: 167.28

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 12.00

Utilities

  • Heating: No
  • Laundry: No
  • Pest Control Expense: 400.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 50x150
  • Lot Size Sq Ft: 7502.00
  • Lot Size Acres: 0.1720

Multi Family

  • Electric Expense: 400.00
  • Gross Income: 6775.00
  • Gross Multiplier: 11.68
  • Gross Scheduled Income: 81300.00
  • Insurance Expense: 1111.00
  • Net Operating Income: 60975.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Refrigerator: 4
  • Operating Expense: 17886.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 11562.00
  • Tax Area: 11934
  • Tax Block: 138
  • Tax Lot: 20
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2025
Sold by
Leverage Real Estate Llc
Bought by
Gonzalez Family Revocable Trust and Gonzalez
Current Estimated Value
$1,981,013

Purchase Details

Closed on
Dec 12, 2024
Sold by
Gonzalez Family Revocable Trust and Gonzalez Jesus
Bought by
Leverage Real Estate Llc

Purchase Details

Closed on
Jun 10, 2020
Sold by
Gonzalez Jesus and Gonzalez Priscilla
Bought by
Gonzalez Jesus Maldonado and Gonzalez Priscilla Waiyee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,164,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2019
Sold by
Gonzalez Jesus M
Bought by
Gonzalez Jesus and Gonzalez Priscilla

Purchase Details

Listed on
Mar 11, 2013
Closed on
Mar 18, 2013
Sold by
Chesman Llc
Bought by
Gonzalez Jesus M
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Willie Garcia
NextGen Properties
List Price
$925,000
Sold Price
$910,000
Premium/Discount to List
-$15,000
-1.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.29%
Original Mortgage
$830,185
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 11, 2013
Closed on
Mar 9, 2013
Sold by
Long Beach 102 Llc
Bought by
Chessman Llc
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Willie Garcia
NextGen Properties
List Price
$925,000
Sold Price
$910,000
Premium/Discount to List
-$15,000
-1.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$830,185
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 18, 2005
Sold by
Chesmen Llc
Bought by
Chesmen Llc and Long Beach 102 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2005
Sold by
Malan Marietta
Bought by
Malan Mark S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 2004
Sold by
E & E Partners Llc
Bought by
Chesman Llc and Long Beach 303 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 2003
Sold by
Chandler William G and Strasmann Kurt F
Bought by
E & E Partners Llc and Long Beach 102 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2003
Sold by
Huntoon Jane
Bought by
Chandler William G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 17, 2003
Sold by
Chandler Paul W
Bought by
Chandler William G

Purchase Details

Closed on
Sep 15, 1999
Sold by
Strasmann Kurt and Strasmann Cynthia
Bought by
Strasmann Kurt F

Purchase Details

Closed on
Apr 4, 1995
Sold by
Cronin John J
Bought by
Cronin Joanne Hill
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gonzalez Family Revocable Trust -- None Listed On Document
Leverage Real Estate Llc -- None Listed On Document
Leverage Real Estate Llc -- None Listed On Document
Gonzalez Jesus Maldonado -- Stewart Title Of Ca Inc
Gonzalez Jesus -- None Available
Gonzalez Jesus M $910,000 Old Republic Title Company
Chessman Llc -- None Available
Chesmen Llc -- Commonwealth Title
Malan Mark S -- Commonwealth Title
Chesman Llc -- Commonwealth Land Title Comp
E & E Partners Llc $455,000 Fatcola
Chandler William G -- First American Title Co
Chandler William G -- --
Strasmann Kurt F -- --
Cronin Joanne Hill -- --
Cronin Joanne Hill $53,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gonzalez Jesus Maldonado $1,164,000
Previous Owner Gonzalez Jesus M $830,185
Previous Owner Chesmen Llc $500,000
Previous Owner Chesman Llc $140,000
Previous Owner E & E Partners Llc $300,000
Previous Owner Chandler William G $190,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2013 03/29/13 Sold $910,000 -1.6% $167 / Sq Ft
12/28/2012 12/28/12 Pending -- -- --
07/20/2012 07/20/12 For Sale $925,000 -- $170 / 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 $15,919 $1,740,000 $1,200,000 $540,000
2024 $15,919 $1,098,618 $772,656 $325,962
2023 $15,623 $1,077,077 $757,506 $319,571
2022 $14,702 $1,055,958 $742,653 $313,305
2021 $14,184 $1,035,254 $728,092 $307,162
2019 $13,947 $1,005,230 $706,498 $298,732
2018 $13,476 $985,534 $692,646 $292,888
2017 $119 $965,544 $679,065 $286,479
2016 $12,304 $946,612 $665,750 $280,862
2015 $11,823 $932,394 $655,750 $276,644
2014 $11,731 $914,130 $642,905 $271,225
Source: Public Records

Agents Affiliated with this Home

  • Juan Huizar

    Seller's Agent in 2013

    Juan Huizar

    Sage Real Estate Group, Inc.

    (562) 307-0838

    2 in this area

    95 Total Sales

    Juan Huizar
    Section Image
  • Willie Garcia

    Buyer's Agent in 2013

    Willie Garcia

    NextGen Properties

    (562) 756-6465

    61 Total Sales

    Willie Garcia
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P829294

California Regional Multiple Listing Service (CRMLS)

APN: 7278-022-037

California Los Angeles County Long Beach 90802 West Village

545 W 3rd St, Long Beach, CA

Not Listed for Sale

MultiFamily

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