NOT LISTED FOR SALE

Estimated Value: $745,000 - $902,000

3 Beds
2 Baths
1,312 Sq Ft
$612/Sq Ft Est. Value

Last Sold August 23, 2024

Last sale price $750,000 $572 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,588/month

85 Days on Market

Highlights

  • Laundry Room
  • Tile Flooring
  • Rectangular Lot
  • Bungalow
  • West Facing Home
  • Wood Fence

About This Home

As of August 2024

Move-in Ready! Great location on a quiet street in North Long Beach, less than a block from local bus stops and less than 2 miles from both the 91 and 710 freeways. Also, less than 7 miles from the beach and downtown Long beach. There are many restaurants and shops in the immediate area, as well as the Michelle Obama Neighborhood Library and the adjacent 84 Townhome KB Home development. This two on a lot 1920's duplex consists of a front 2 Bed 1 Bath house at ~860 sqft, and back 1 Bed 1 Bath house at ~440sqft. There are no shared walls between the units, and the tenants pay their own electric and gas, keeping the utilities low. Both units have laundry hook-ups and there is parking onsite for 4+ vehicles in the driveway.

Last Agent to Sell the Property

Anthony Walker

Buckingham Investments, Inc Brokerage Phone: 310-867-1183 License #01908153 Listed on: 04/30/2024

Co-Listed By

Josh Ess

Buckingham Investments, Inc Brokerage Phone: 310-867-1183 License #02035659

Last Buyer's Agent

Clare Corcoran

Re/Max R. E. Specialists License #01014966

Re/Max R. E. Specialists

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 5,057 Sq Ft Lot
  • No Common Walls
  • West Facing Home
  • Wood Fence
  • Rectangular Lot
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex
  • Bungalow
  • Entry on the 1st floor
  • Raised Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,312 Sq Ft Home
  • 1-Story Property
  • Gas Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Driveway

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Connected

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 6 / A
  • Tax Tract Number 5470
  • Assessor Parcel Number 7127021006
  • $428 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • North Long Beach Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,402
  • Trash Expense $600
  • Water Sewer Expense $622
  • Operating Expense $19,000
  • Gross Income $42,480
  • Net Operating Income $21,742

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Water Sewer Expenses: 622.00
  • Zoning: LBR3T
  • Architectural Style: Bungalow
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7127021006
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 571.65

Exterior Features

  • Direction Faces: West
  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Electric: Standard
  • Heating Type: Natural Gas
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Rectangular Lot
  • Lot Size Sq Ft: 5057.00
  • Lot Size Acres: 0.1161

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 42480.00
  • Gross Scheduled Income: 48600.00
  • Insurance Expense: 1402.00
  • Lot Size Area: 5057.0000 Square Feet
  • Net Operating Income: 21742.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 20738.00
  • Rent Control: No
  • Total Expenses: 19000.00

Tax Info

  • Tax Block: A
  • Tax Census Tract: 5703.04
  • Tax Lot: 6
  • Tax Tract Number: 5470
  • TaxOtherAnnualAssessmentAmount: 428.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2024
Closed on
Aug 19, 2024
Sold by
1338 Tilton Road Llc
Bought by
Williams Cody James
Seller's Agent
Anthony Walker
Buckingham Investments, Inc
Buyer's Agent
Clare Corcoran
Re/Max R. E. Specialists
List Price
$725,000
Sold Price
$750,000
Premium/Discount to List
$25,000
3.45%
Views
80
Current Estimated Value
$803,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,003
Avg. Annual Appreciation
5.19%
Original Mortgage
$712,500
Outstanding Balance
$704,468
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$98,535

Purchase Details

Closed on
Jun 4, 2020
Sold by
Financial Fitness Llc
Bought by
1338 Tilton Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.2%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 1, 2020
Sold by
1338 Tilton Road Llc
Bought by
1338 Tilton Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.2%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Sep 8, 2017
Sold by
Exeter Fiduciary Services Llc
Bought by
Financial Fitness Llc and Tht #01-8460

Purchase Details

Listed on
May 14, 2012
Closed on
Sep 4, 2012
Sold by
Cyprus Brett M
Bought by
Exeter Fiduciary Services Llc and Tht #01-8460
Seller's Agent
Mimi Austria
Calhomes Realty
Buyer's Agent
Stefanie Barela
Barela Investments Inc
List Price
$299,000
Sold Price
$286,000
Premium/Discount to List
-$13,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.05%
Original Mortgage
$30,000
Interest Rate
3.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 9, 2012
Sold by
Cyprus Jane Dellen
Bought by
Cyprus Brett M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,500
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2012
Sold by
Ramirez Lucia
Bought by
Cyprus Brett M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,500
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2005
Sold by
Ramirez Juan S
Bought by
Ramirez Lucia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,917
Interest Rate
5.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2002
Sold by
Brown Ronald E and Brown Angela J
Bought by
Ramirez Juan S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
5.83%
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
Williams Cody James $750,000 Ticor Title
1338 Tilton Road Llc -- Stewart Title Of Ca Inc
1338 Tilton Road Llc -- Stewart Title Of Ca Inc
Financial Fitness Llc -- None Available
Exeter Fiduciary Services Llc $286,000 Fidelity Van Nuys
Cyprus Brett M -- Fidelity Van Nuys
Cyprus Brett M $191,250 None Available
Ramirez Lucia -- --
Ramirez Juan S $185,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Cody James $712,500
Previous Owner 1338 Tilton Road Llc $150,000
Previous Owner Exeter Fiduciary Services Llc $30,000
Previous Owner Cyprus Brett M $150,500
Previous Owner Ramirez Lucia $368,917
Previous Owner Ramirez Juan S $148,000
Closed Ramirez Juan S $37,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/23/2024 08/23/24 Sold $750,000 +3.4% $572 / Sq Ft
07/24/2024 07/24/24 Pending -- -- --
07/13/2024 07/13/24 For Sale $725,000 -3.3% $553 / Sq Ft
07/12/2024 07/12/24 Off Market $750,000 -- --
07/10/2024 07/10/24 For Sale $725,000 -3.3% $553 / Sq Ft
05/21/2024 05/21/24 Off Market $750,000 -- --
04/30/2024 04/30/24 For Sale $725,000 +153.5% $553 / Sq Ft
08/31/2012 08/31/12 Sold $286,000 -4.3% $218 / Sq Ft View Prior Sale
08/22/2012 08/22/12 Pending -- -- --
05/14/2012 05/14/12 For Sale $299,000 -- $228 / 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 $4,721 $750,000 $325,000 $425,000
2024 $4,721 $345,272 $224,548 $120,724
2023 $4,640 $338,503 $220,146 $118,357
2022 $4,362 $331,867 $215,830 $116,037
2021 $4,270 $325,361 $211,599 $113,762
2020 $4,259 $322,026 $209,430 $112,596
2019 $4,210 $315,713 $205,324 $110,389
2018 $4,058 $309,524 $201,299 $108,225
2016 $3,734 $297,506 $193,483 $104,023
2015 $3,587 $293,038 $190,577 $102,461
2014 $3,570 $287,298 $186,844 $100,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24082318

California Regional Multiple Listing Service (CRMLS)

APN: 7127-021-006