NOT LISTED FOR SALE

545 W 3rd St Long Beach, CA 90802

West Village Neighborhood

Estimated Value: $1,914,000 - $4,730,000

12 Beds
8 Baths
5,440 Sq Ft
$496/Sq Ft Est. Value

Sale Details

Date Sold: March 29, 2013

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

Est. 196% increase in value since last sale

Current estimated payment $16,355 / mo

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

7,502 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2025
Sold by
Bought by
Current Estimated Value
$2,696,534

Purchase Details

Closed on
Dec 12, 2024
Sold by
Bought by

Purchase Details

Closed on
Jun 10, 2020
Sold by
Bought by

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
0.032%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2019
Sold by
Bought by

Purchase Details

Listed on
Mar 11, 2013
Closed on
Mar 18, 2013
Sold by
Bought by
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
8.51%
Original Mortgage
$830,185
Interest Rate
0.035%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 11, 2013
Closed on
Mar 9, 2013
Sold by
Bought by
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
0.035%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 18, 2005
Sold by
Bought by

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
0.0551%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2005
Sold by
Bought by

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
0.0551%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 2004
Sold by
Bought by

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
0.0597%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 2003
Sold by
Bought by

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
0.0529%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2003
Sold by
Bought by

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
0.0529%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 17, 2003
Sold by
Bought by

Purchase Details

Closed on
Sep 15, 1999
Sold by
Bought by

Purchase Details

Closed on
Apr 4, 1995
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Listed On Document
-- Stewart Title Of Ca Inc
-- None Available
$910,000 Old Republic Title Company
-- None Available
-- Commonwealth Title
-- Commonwealth Title
-- Commonwealth Land Title Comp
$455,000 Fatcola
-- First American Title Co
-- --
-- --
$53,500 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,164,000
Previous Owner $830,185
Previous Owner $730,000
Previous Owner $500,000
Previous Owner $130,000
Previous Owner $140,000
Previous Owner $300,000
Previous Owner $190,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $24,525 $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

    3 in this area

    104 Total Sales

    Juan Huizar
    Section Image
  • Willie Garcia

    Buyer's Agent in 2013

    Willie Garcia

    NextGen Properties

    (562) 756-6465

    54 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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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