NOT LISTED FOR SALE

Estimated Value: $842,000 - $890,000

4 Beds
4 Baths
2,120 Sq Ft
$409/Sq Ft Est. Value

Last Sold September 19, 2022

Last sale price $750,000 $354 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,396/month

21 Days on Market

Highlights

  • Open Floorplan
  • Living Room
  • Laundry Room
  • No HOA
  • Park
  • Wall Furnace

About This Home

As of September 2022

PURSUANT to Assessor's records, this 4-pex was built in 1966; comprised of FOUR one-bedroom/one bathroom units, averaging 530 sq.ft. each. ............................................................................................................................................................................................................................................ THE strongest assets of the property are its construction age and modern floor plan that boasts: a good size Living room, Bedroom with large clothes closet and separate linen closet, Full Bathroom, Dining room, and well laid out Galley Kitchen with washer hook-up and room for dryer.
.............................................................................................................................................................................................................................................
THE modern, 4-sided, stucco-clad structure under one roof makes for easy exterior maintenance, both for long term and monthly routine clean-up.
............................................................................................................................................................................................................................................. THE rear parking lot is large enough to provide off street parking for 4 cars lined up along the north, side wall of the property; that can easily drive in, park, and easily back-up and drive out. A future garage with TWO additional units above the garage may be a possibility worth exploring.
............................................................................................................................................................................................................................................. THE weakest asset of the property is its Non-Loanable Condition due to vandalism from squatters and deferred maintenance.
Accordingly, Only CASH Offers will be accepted. Additionally, it should be noted that the property is part of a PROBATE SALE.
............................................................................................................................................................................................................................................. DO NOT DISTRUB TENANTS or Walk onto the property without an advance scheduled appointment and listing agent present.

Last Agent to Sell the Property

James Trousil

Pleasant Home Realty License #01020881 Listed on: 07/17/2022

Last Buyer's Agent

Deanna Tan

Pleasant Home Realty License #01185299

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 5,209 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Home Design

  • Property Attached

Interior Spaces

  • 2,120 Sq Ft Home
  • Open Floorplan
  • Living Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Driveway

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 18 / 7
  • Tax Tract Number 6521
  • Assessor Parcel Number 7124017017
  • $2,324 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • North Long Beach Subdivision

Recreation

  • Park

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,476
  • Water Sewer Expense $2,400
  • Operating Expense $7,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 2400.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7124017017
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Price Per Square Foot: 353.77
  • Room Type: Kitchen, Laundry, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Asphalt, Uncovered
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5209.00
  • Lot Size Acres: 0.1196

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 530 Square Feet
  • Insurance Expense: 2476.00
  • Lot Size Area: 5209.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 7200.00
  • Rent Control: Yes
  • Total Expenses: 7200.00

Tax Info

  • Tax Block: 7
  • Tax Census Tract: 5705.03
  • Tax Lot: 18
  • Tax Tract Number: 6521
  • TaxOtherAnnualAssessmentAmount: 2324.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 1995
Sold by
Taylor Annie M and Lucy R Vergara Trust
Bought by
Taylor Annie M
Current Estimated Value
$867,333
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Taylor Annie M -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2022 09/19/22 Sold $750,000 +3.8% $354 / Sq Ft
07/17/2022 07/17/22 For Sale $722,499 -- $341 / 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 $10,216 $780,300 $312,120 $468,180
2024 $10,216 $765,000 $306,000 $459,000
2023 $10,126 $750,000 $300,000 $450,000
2022 $1,741 $81,726 $20,301 $61,425
2021 $2,324 $80,124 $19,903 $60,221
2020 $1,682 $79,523 $19,699 $59,824
2019 $1,663 $77,969 $19,313 $58,656
2018 $1,520 $76,446 $18,935 $57,511
2016 $1,400 $73,267 $18,200 $55,067
2015 $1,358 $72,167 $17,927 $54,240
2014 $1,374 $70,754 $17,576 $53,178
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS22157108

California Regional Multiple Listing Service (CRMLS)

APN: 7124-017-017