NOT LISTED FOR SALE

Estimated Value: $717,000 - $952,000

1 Bed
1 Bath
1,527 Sq Ft
$558/Sq Ft Est. Value

Last Sold April 02, 2021

Last sale price $650,000 $426 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $5,232/month

1 Day on Market

Highlights

  • Wood Flooring
  • Living Room
  • No Interior Steps
  • No HOA
  • Laundry Room
  • Bungalow

About This Home

As of April 2021

An Investor's Dream Rare 1 story Triplex. No one above and no one below. Across from the New Long Beach Library. Must see to appreciate.

Last Agent to Sell the Property

Donald Rowe

Coldwell Banker Realty License #01242529 Listed on: 02/11/2021

Last Buyer's Agent

Donald Rowe

Coldwell Banker Realty License #01242529 Listed on: 02/11/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,184

Year Built

  • Built in 1949

Lot Details

  • 4,948 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 1 Open Parking Space
  • Parking Available
  • Assigned Parking

Home Design

  • Triplex
  • Bungalow
  • Entry on the 1st floor
  • Raised Foundation
  • Asphalt Roof
  • Plaster

Interior Spaces

  • 1,527 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • Free-Standing Range
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Doors swing in
  • No Interior Steps

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for all utilities, cable TV
  • Legal Lot and Block 12 / 17
  • Tax Tract Number 6521
  • Assessor Parcel Number 7124031012

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $755
  • Insurance Expense $3,318
  • Trash Expense $145
  • Water Sewer Expense $754
  • New Taxes Expense $3,383
  • Operating Expense $13,297
  • Gross Income $33,689
  • Net Operating Income $34,185

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,184

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 754.00
  • Zoning: LBR2N
  • Architectural Style: Bungalow
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7124031012
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Entry Location: Front door
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Vinyl, Wood
  • Accessibility Features: Doors - Swing In, No Interior Steps
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 425.67
  • Room Type: Kitchen, Living Room

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Plaster, Unknown

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Refrigerator, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Trash Expense: 145.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4948.00
  • Lot Size Acres: 0.1136
  • Latitude Manual: 33.86050500

Rental Info

  • Tenant Pays: All Utilities, Cable TV

Multi Family

  • Average1 Bed Area: 509 Square Feet
  • Electric Expense: 754.54
  • Gross Income: 33689.00
  • Gross Scheduled Income: 33689.00
  • Insurance Expense: 3318.40
  • Lot Size Area: 4948.0000 Square Feet
  • Net Operating Income: 34184.51
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Number With Disposal: 1
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 13296.50
  • Rent Control: No
  • Total Expenses: 13296.57

Tax Info

  • New Taxes Expense: 3382.60
  • Tax Block: 17
  • Tax Census Tract: 5706.01
  • Tax Lot: 12
  • Tax Tract Number: 6521

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2021
Closed on
Feb 19, 2021
Sold by
Otley Teresa A
Bought by
Polanco Victor and Sanchez Adriana
Seller's Agent
Donald Rowe
Coldwell Banker Realty
Buyer's Agent
Donald Rowe
Coldwell Banker Realty
List Price
$650,000
Sold Price
$650,000
Current Estimated Value
$851,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,828
Avg. Annual Appreciation
6.11%
Original Mortgage
$520,000
Outstanding Balance
$464,833
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$386,995
Source: Public Records

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2021 04/02/21 Sold $650,000 0.0% $426 / Sq Ft
02/12/2021 02/12/21 Pending -- -- --
02/11/2021 02/11/21 For Sale $650,000 -- $426 / 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 $9,184 $703,579 $324,729 $378,850
2024 $9,184 $689,784 $318,362 $371,422
2023 $9,028 $676,260 $312,120 $364,140
2022 $8,479 $663,000 $306,000 $357,000
2021 $3,411 $238,694 $70,717 $167,977
2020 $3,402 $236,247 $69,992 $166,255
2019 $3,363 $231,616 $68,620 $162,996
2018 $3,193 $227,075 $67,275 $159,800
2016 $2,942 $218,259 $64,663 $153,596
2015 $2,832 $214,981 $63,692 $151,289
2014 $2,828 $210,771 $62,445 $148,326
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21027059

California Regional Multiple Listing Service (CRMLS)

APN: 7124-031-012