NOT LISTED FOR SALE

Estimated Value: $774,000 - $896,386

5 Beds
3 Baths
1,832 Sq Ft
$459/Sq Ft Est. Value

Last Sold May 08, 2023

Last sale price $750,000 $409 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,292/month

10 Days on Market

Highlights

  • Stables
  • Contemporary Architecture
  • Converted Garage
  • Long Beach Polytechnic High School Rated A
  • Wood Flooring
  • Two Homes on a Lot

About This Home

As of May 2023

Two Houses in one Lot. Great investment for investors with good rental income, or best opportunity for homeowner who can live in one house and rent another. This property is located in the Poly High area, consisting of 3 bedroom and 2-bathroom, front house and 2 beds and one-bathroom, back house.
Front house has its own driveway and huge parking space next to the back unit with one car garage. It is convenient location close to market, restaurant, beach and easily accessible to Freeway. Please do not disturb tenants.

Last Agent to Sell the Property

Jim Chhun

First American Team Realty Inc License #01359353 Listed on: 03/20/2023

Last Buyer's Agent

Steve Vong

First American Team Realty Inc License #01273285

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,049

Year Built

  • Built in 1919

Lot Details

  • 6,470 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Barbed Wire
  • Density is up to 1 Unit/Acre

Parking

  • 6 Open Parking Spaces
  • 1 Car Garage
  • Converted Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Duplex
  • Contemporary Architecture
  • Fixer Upper
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 1,832 Sq Ft Home
  • Wood Frame Window
  • Window Screens
  • Panel Doors
  • Family Room
  • Wood Flooring
  • Gas Range
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Natural Gas Connected
  • Sewer Assessments

Additional Features

  • Two Homes on a Lot
  • Stables

Listing and Financial Details

  • Legal Lot and Block 17 / 4
  • Tax Tract Number 2
  • Assessor Parcel Number 7209003019
  • $538 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Poly High Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,326
  • Trash Expense $1,250
  • Water Sewer Expense $1,020
  • Operating Expense $3,596
  • Net Operating Income $48,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,049

Year Built

Built in 1919

Lot Details

0

Parking

1

Listing Details

  • Price Per Unit: 375000
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Poly High (PH)
  • View: No
  • Water Sewer Expenses: 1020.00
  • Zoning: LBR1N
  • Architectural Style: Contemporary
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7209003019
  • Year Built: 1919
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Door Features: Panel Doors
  • Levels: One
  • Price Per Square Foot: 409.39
  • Room Type: Family Room, Kitchen
  • Window Features: Screens, Wood Frames

Exterior Features

  • Foundation: Concrete Perimeter
  • Other Structures: Two On A Lot
  • Exterior Features: Stable
  • Fence: Yes
  • Fencing: Barbed Wire
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Converted Garage, Concrete, Garage - Single Door
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Electric: Electricity - On Property
  • Laundry Features: Individual Room
  • Sewer: Sewer Assessments
  • Trash Expense: 1250.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6470.00
  • Lot Size Acres: 0.1485

Multi Family

  • Gross Scheduled Income: 53520.00
  • Insurance Expense: 1326.00
  • Lot Size Area: 6470.0000 Square Feet
  • Net Operating Income: 48200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 5320.00
  • Rent Control: No
  • Total Expenses: 3596.00

Tax Info

  • Tax Block: 4
  • Tax Census Tract: 5732.02
  • Tax Lot: 17
  • Tax Tract Number: 2
  • TaxOtherAnnualAssessmentAmount: 538.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2023
Closed on
May 2, 2023
Sold by
Rick S Lang Living Trust
Bought by
Etsegenet Tefera Ayele And Mengistu Yemane-Be
Seller's Agent
Jim Chhun
First American Team Realty Inc
Buyer's Agent
Steve Vong
First American Team Realty Inc
List Price
$750,000
Sold Price
$750,000
Views
118
Current Estimated Value
$840,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,347
Avg. Annual Appreciation
4.16%

Purchase Details

Closed on
Dec 10, 2021
Sold by
Leng Rick S
Bought by
Rick S Leng Living Trust

Purchase Details

Closed on
Mar 10, 2007
Sold by
Leng Rick S
Bought by
Leng Rick S and Rick S Leng 2007 Living Trust

Purchase Details

Closed on
Jan 8, 2007
Sold by
Leng Rick S and Leng Lisa S
Bought by
Leng Rick S

Purchase Details

Closed on
Mar 14, 2003
Sold by
Lyde Mary L
Bought by
Leng Rick S and Leng Lisa S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Etsegenet Tefera Ayele And Mengistu Yemane-Be $750,000 Lawyers Title Company
Rick S Leng Living Trust -- Paul Horn Law Group Pc
Leng Rick S -- Paul Home Law Group Pc
Leng Rick S -- None Available
Leng Rick S -- None Available
Leng Rick S $330,000 First American Title Co
Leng Rick S $330,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leng Rick S $297,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2023 05/08/23 Sold $750,000 0.0% $409 / Sq Ft
03/30/2023 03/30/23 Pending -- -- --
03/20/2023 03/20/23 For Sale $750,000 -- $409 / 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 $10,049 $780,300 $624,240 $156,060
2024 $10,049 $765,000 $612,000 $153,000
2023 $6,162 $450,956 $341,639 $109,317
2022 $5,795 $442,115 $334,941 $107,174
2021 $5,676 $433,447 $328,374 $105,073
2020 $5,661 $429,003 $325,007 $103,996
2019 $5,596 $420,592 $318,635 $101,957
2018 $5,336 $412,346 $312,388 $99,958
2016 $4,906 $396,336 $300,258 $96,078
2015 $4,711 $390,383 $295,748 $94,635
2014 $4,685 $382,737 $289,955 $92,782
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23045425

California Regional Multiple Listing Service (CRMLS)

APN: 7209-003-019