NOT LISTED FOR SALE

Estimated Value: $785,000 - $931,000

3 Beds
2 Baths
1,340 Sq Ft
$624/Sq Ft Est. Value

Last Sold July 08, 2021

Last sale price $675,000 $504 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $5,181/month

92 Days on Market

Highlights

  • Corner Lot
  • Neighborhood Views
  • Cooling System Mounted To A Wall/Window
  • No HOA
  • Double Pane Windows
  • Laundry Room

About This Home

As of July 2021

Fantastic opportunity to own a Corner Lot Detached Duplex in Long Beach with separate entrances perfect for a Homebuyer or Investor! Front unit consists on 2 Bedrooms/ 1 Bathroom , living room and kitchen w/granite countertops. Rear unit has 1 Bedroom /1 Remodeled Bathroom + Den-currently used as a 2nd Bedroom, living room, kitchen w/granite countertop and stainless steel sink, newer light fixtures and newer wall heater. Upgrades done in the past couple of years in both units include newer kitchen cabinets, windows, laminate flooring and tile. Each units comes with one car garage and have a designated private parking space and enclosed yards great for entertaining, Separately Metered for Electrical and Gas. The 3rd Car garage brings additional rent and property has low operating expenses with rents below market and long term tenants. Located near Schools, Restaurants, Shopping, Parks, easy access to 710 & 91 and commute routes & all that Long Beach has to offer. Please drive by only, do not disturb tenants! Bring us an offer today!

Last Agent to Sell the Property

Lucica McCabe

C-21 Realty Team License #01329057 Listed on: 02/16/2021

Last Buyer's Agent

Feven Belay

The Realestate Group License #01899406

The Realestate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,166

Year Built

  • Built in 1945 | Remodeled

Lot Details

  • 4,744 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Corner Lot

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,340 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Den with Fireplace
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 14
  • Tax Tract Number 7225
  • Assessor Parcel Number 7123013013

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 2 Units
  • North Long Beach Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $606
  • Water Sewer Expense $816
  • New Taxes Expense $2,480
  • Operating Expense $3,902
  • Gross Income $1,500
  • Net Operating Income $33,598

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,166

Year Built

Built in 1945 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • CapRate: 4.61
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: North Long Beach (NLB)
  • View: Yes
  • Water Sewer Expenses: 816.00
  • Zoning: LBR1N
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7123013013
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile, Vinyl
  • Appliances: Yes
  • Fireplace Features: Den
  • Levels: One
  • Price Per Square Foot: 503.73
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Water Heater, Microwave
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size: 4744
  • Lot Size Sq Ft: 4744.00
  • Lot Size Acres: 0.1089

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Garage Income: 125.00
  • Gross Income: 1500.00
  • Gross Operating Income: 37500.00
  • Gross Scheduled Income: 37500.00
  • Insurance Expense: 606.00
  • Lot Size Area: 4744.0000 Square Feet
  • Net Operating Income: 33598.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 3902.00
  • Other Expense Description: T
  • Other Income Description: 3rd car garage rent
  • Rent Control: No
  • Total Actual Rent: 3000.00
  • Total Expenses: 3902.00

Tax Info

  • New Taxes Expense: 2480.00
  • Tax Census Tract: 5705.02
  • Tax Lot: 14
  • Tax Tract Number: 7225

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2021
Closed on
May 20, 2021
Sold by
Campean Cornel and The Campean Family Trust
Bought by
Rhoden Lenworth H
Seller's Agent
Lucica McCabe
C-21 Realty Team
Buyer's Agent
Feven Belay
The Realestate Group
List Price
$675,000
Sold Price
$675,000
Current Estimated Value
$836,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,356
Avg. Annual Appreciation
3.87%
Original Mortgage
$662,774
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 8, 2006
Sold by
Campean Cornel and Campean Valeria
Bought by
Campean Cornel and Campean Valeria
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
Rhoden Lenworth H $655,000 Lawyers Title
Campean Cornel -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rhoden Lenworth H $662,774
Previous Owner Campean Cornel $266,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2021 07/08/21 Sold $675,000 0.0% $504 / Sq Ft
05/24/2021 05/24/21 For Sale $675,000 0.0% $504 / Sq Ft
05/21/2021 05/21/21 Off Market $675,000 -- --
04/29/2021 04/29/21 Price Changed $675,000 -3.4% $504 / Sq Ft
03/20/2021 03/20/21 Price Changed $698,900 -4.1% $522 / Sq Ft
02/16/2021 02/16/21 For Sale $728,500 -- $544 / 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 $9,166 $716,315 $318,362 $397,953
2024 $9,166 $702,270 $312,120 $390,150
2023 $9,012 $688,500 $306,000 $382,500
2022 $8,460 $675,000 $300,000 $375,000
2021 $2,486 $174,141 $74,629 $99,512
2020 $2,480 $172,356 $73,864 $98,492
2019 $2,452 $168,977 $72,416 $96,561
2018 $2,322 $165,665 $70,997 $94,668
2016 $2,135 $159,234 $68,241 $90,993
2015 $2,055 $156,843 $67,216 $89,627
2014 $2,052 $153,772 $65,900 $87,872
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS21028818

California Regional Multiple Listing Service (CRMLS)

APN: 7123-013-013