NOT LISTED FOR SALE

Estimated Value: $1,278,000 - $1,491,000

8 Beds
4 Baths
3,136 Sq Ft
$442/Sq Ft Est. Value

Last Sold November 28, 2023

Last sale price $1,300,000 $415 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $8,649/month

122 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Electric Fireplace
  • Quartz Countertops
  • High-Efficiency Water Heater
  • 1-Story Property

About This Home

As of November 2023

A wonderful investment opportunity in a prime rental area in Long Beach! This 4-units apartment building consists of four two-bedroom, one-bathroom units. Three of the 4 units have been refreshed with new paint inside & out, new ceiling fans, newer counter tops & cabinets in kitchens & baths, tile & lovely wood laminate flooring. Property includes three attached one-car garages. The entire exterior of the property has been recently painted. Long-term tenants with a history of on-time payments provide stability. The property has easy access to public transportation, 91 and 710 freeways. Within a 10-minute drive of Downtown Long Beach and the Beach. Don't miss out on this opportunity!

Last Agent to Sell the Property

Araceli Tacuba

JohnHart Corp License #02075664 Listed on: 07/03/2023

JohnHart Corp

Last Buyer's Agent

Kate Nash

First Team Real Estate License #01309788

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 4,761 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • 3 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Shingle Roof
  • Common Roof

Interior Spaces

  • 3,136 Sq Ft Home
  • 1-Story Property
  • Electric Fireplace
  • Living Room with Fireplace

Kitchen

  • Electric Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Quartz Countertops

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Dryer

Additional Features

  • Suburban Location
  • High-Efficiency Water Heater

Listing and Financial Details

  • Legal Lot and Block 7 / 6
  • Tax Tract Number 6521
  • Assessor Parcel Number 7125034007
  • $796 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • North Long Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Water Meter
  • Insurance Expense $2,174
  • Operating Expense $18,564
  • Net Operating Income $66,516

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR3T
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7125034007
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Quartz Counters
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room, Electric
  • Price Per Square Foot: 414.54

Exterior Features

  • Pool Private: No
  • Roof: Common Roof, Shingle

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage Faces Front, Garage - Single Door
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Available
  • Laundry: Yes
  • Appliances: Electric Range, Electric Water Heater, High Efficiency Water Heater, Range Hood, Recirculated Exhaust Fan, Refrigerator, Water Heater
  • Electric: Electricity - On Property
  • Laundry Features: Common Area, Dryer Included, Electric Dryer Hookup, Gas & Electric Dryer Hookup, Gas Dryer Hookup, Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4761.00
  • Lot Size Acres: 0.1093

Multi Family

  • Gross Scheduled Income: 85080.00
  • Insurance Expense: 2174.00
  • Lot Size Area: 4761.0000 Square Feet
  • Net Operating Income: 66516.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: Yes
  • Total Actual Rent: 7090.00
  • Total Expenses: 18564.00

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 5703.06
  • Tax Lot: 7
  • Tax Tract Number: 6521
  • TaxOtherAnnualAssessmentAmount: 796.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 17, 2020
Sold by
Demeire Kurt S and De Meire Sandra
Bought by
Demeire Kurt S and Demeire Sandra L
Current Estimated Value
$1,384,926

Purchase Details

Closed on
Oct 23, 1996
Sold by
Dillon Ethel M
Bought by
Kolat Daniel P and Kolat Barbara A
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
Demeire Kurt S -- None Available
Kolat Daniel P $160,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/28/2023 11/28/23 Sold $1,300,000 0.0% $415 / Sq Ft
10/16/2023 10/16/23 Price Changed $1,299,900 -3.7% $415 / Sq Ft
10/12/2023 10/12/23 For Sale $1,349,900 +3.8% $430 / Sq Ft
10/09/2023 10/09/23 Off Market $1,300,000 -- --
09/13/2023 09/13/23 Price Changed $1,349,900 -3.5% $430 / Sq Ft
08/17/2023 08/17/23 Price Changed $1,399,000 -6.4% $446 / Sq Ft
07/03/2023 07/03/23 For Sale $1,495,000 -- $477 / 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 $16,968 $1,326,000 $306,000 $1,020,000
2024 $16,968 $1,300,000 $300,000 $1,000,000
2023 $7,008 $496,959 $208,804 $288,155
2022 $6,592 $487,215 $204,710 $282,505
2021 $6,443 $477,663 $200,697 $276,966
2020 $6,426 $473,047 $198,640 $274,407
2019 $6,351 $463,778 $194,746 $269,032
2018 $6,144 $454,691 $190,928 $263,763
2016 $5,647 $436,767 $183,515 $253,252
2015 $5,429 $430,207 $180,759 $249,448
2014 $5,409 $421,781 $177,219 $244,562
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23118794

California Regional Multiple Listing Service (CRMLS)

APN: 7125-034-007