NOT LISTED FOR SALE

Estimated Value: $876,000 - $1,062,000

4 Beds
2 Baths
2,001 Sq Ft
$484/Sq Ft Est. Value

Last Sold September 12, 2023

Last sale price $855,000 $427 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,984/month

16 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Central Air
  • Tile Countertops
  • Grid-tied solar system exports excess electricity
  • Ceiling Fan

About This Home

As of September 2023

Are you looking for a great investment opportunity? Look no further than this 2 bedroom, 1 bath duplex with a four car garage and laundry room for each unit. This property is perfect for those looking to invest in real estate and generate rental income.

The front unit is a two bedroom, one bathroom apartment with a spacious living area and vintage kitchen. The back unit is a two bedroom, onw bathroom apartment over the four car garage. Both units have their own laundry room, making it easy to keep up with the tenants needs.
Back unit has central AC.

The property also features solar power (Leased) for both units, making it an energy efficient investment. This means that you can save money on your energy bills while also helping the environment.

Last Agent to Sell the Property

Edwin Huber

Century 21 Masters License #01314032 Listed on: 07/24/2023

Century 21 Masters

Last Buyer's Agent

Laura Marquez

Realty One Group United License #01815016

Realty One Group United

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Lot Details

  • 5,780 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Chain Link Fence
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Entry on the 1st floor
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 2,001 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Decorative Fireplace
  • Tile Countertops
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Eco-Friendly Details

  • Grid-tied solar system exports excess electricity
  • Solar owned by a third party

Utilities

  • Central Air
  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Rain Gutters
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 16 / C
  • Tax Tract Number 5965
  • Assessor Parcel Number 7127005014
  • $499 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • North Long Beach Subdivision

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $8,095
  • Operating Expense $18,000
  • Net Operating Income $40,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 5.03
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR3S
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7127005014
  • Year Built: 1936
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Tile Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Wood
  • Entry Level: 1
  • Fireplace Features: Decorative
  • Levels: Two
  • Price Per Square Foot: 427.29
  • Room Type: Kitchen, Laundry

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Photovoltaics on Grid, Photovoltaics Third-Party Owned
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5780.00
  • Lot Size Acres: 0.1327

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Multiplier: 5.03
  • Gross Scheduled Income: 60000.00
  • Lot Size Area: 5780.0000 Square Feet
  • Net Operating Income: 40200.00
  • 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: 1
  • Operating Expense: 18000.00
  • Operating Expense Percent: 30.00
  • Rent Control: Yes
  • Total Expenses: 18000.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 8095.00
  • Tax Block: C
  • Tax Census Tract: 5706.01
  • Tax Lot: 16
  • Tax Tract Number: 5965
  • TaxOtherAnnualAssessmentAmount: 499.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 11, 2000
Sold by
Tchinski Joseph G
Bought by
Tchinski Joseph G and Tchinski Trust
Current Estimated Value
$967,992
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Tchinski Joseph G -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2023 09/12/23 Sold $855,000 +7.0% $427 / Sq Ft
07/24/2023 07/24/23 For Sale $799,000 -- $399 / 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 $11,126 $872,100 $408,000 $464,100
2024 $11,126 $855,000 $400,000 $455,000
2023 $2,893 $198,417 $44,608 $153,809
2022 $2,729 $194,528 $43,734 $150,794
2021 $2,661 $190,715 $42,877 $147,838
2020 $2,652 $188,761 $42,438 $146,323
2019 $2,621 $185,060 $41,606 $143,454
2018 $2,469 $181,433 $40,791 $140,642
2016 $2,262 $174,390 $39,208 $135,182
2015 $2,176 $171,772 $38,620 $133,152
2014 $2,171 $168,408 $37,864 $130,544
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23136455

California Regional Multiple Listing Service (CRMLS)

APN: 7127-005-014