6000 E Appian Way Long Beach, CA 90803
Naples Neighborhood
8
Beds
5
Baths
4,083
Sq Ft
3,027
Sq Ft Lot
Highlights
- Property is near a park
- Corner Lot
- 3 Car Garage
- Naples Bayside Academy Rated A
- Laundry Room
About This Home
As of September 2017Once in lifetime opportunity to own this 4 unit property with water views on Naples Island! The same family has owned the property since 1971. The property consists of 4 units - (1) 3bd/2bth unit, (2) 2bd/1bth units, and (1) 1bd/1bth unit, and 3 single car garages. The top floor owners unit is made up of 3bd/2bths, a large kitchen with breakfast bar, spacious living room and formal dining room, and outdoor balcony with views of Alamitos Bay. There are washer and dryer hook ups located in the kitchen in both the owners unit, and 2bd/1bth unit downstairs. All of the units are spacious with great floor plans. The 3 single car garages have plenty of room for parking plus extra storage. The units are original, the tenants are long term, and rents are below market. There is tons upside in the rents for investors willing to make capital improvements to this well located property. Enjoy all the easy to access water activities - sailing, paddle boarding, boating, July 3rd fireworks show. Walking distance to Naples shops and restaurants, Belmont Shore shops and restaurants, Mother's Beach, the Marina and Long Beach Yacht Club. Endless possibilities for this pride of ownership income property.
Last Agent to Sell the Property
Pabst, Kinney & Associates License #01849377 Listed on: 05/19/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $26,470
Year Built
- Built in 1963
Lot Details
- 3,027 Sq Ft Lot
- Property fronts an alley
- 1 Common Wall
- Corner Lot
Parking
- 3 Car Garage
- Parking Available
- Rear-Facing Garage
- Side Facing Garage
- Single Garage Door
Home Design
- 4,083 Sq Ft Home
- Quadruplex
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
- Gas And Electric Dryer Hookup
Location
- Property is near a park
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 7118
- Assessor Parcel Number 7243029001
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $7,220
- Net Operating Income $86,640
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 25, 2019
Sold by
Pabst Spencer L and Pabst Jolby G
Bought by
6000 Appian Way Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,189,500
Interest Rate
4.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 23, 2019
Sold by
Pabst Caitlin
Bought by
Pabst Keegan K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,189,500
Interest Rate
4.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 5, 2018
Sold by
Pabst Spencer L and Pabst Kolby G
Bought by
6000 Appian Way Llc
Purchase Details
Listed on
May 19, 2017
Closed on
Jul 18, 2017
Sold by
Albertson Robert R
Bought by
Pabst Spencer L and Pabst Kolby G
Seller's Agent
Spencer Pabst
Pabst, Kinney & Associates
Buyer's Agent
Spencer Pabst
Pabst, Kinney & Associates
List Price
$2,200,000
Sold Price
$1,850,000
Premium/Discount to List
-$350,000
-15.91%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.70%
Original Mortgage
$1,200,000
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Long Beach, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Accommodation | |
| Grant Deed | -- | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Grant Deed | -- | None Available | |
| Grant Deed | $1,850,000 | Fidelity National Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,145,000 | New Conventional | |
| Previous Owner | $1,189,500 | New Conventional | |
| Previous Owner | $1,200,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/19/2019 11/19/19 | Rented | $4,195 | 0.0% | -- |
| 10/01/2019 10/01/19 | For Rent | $4,195 | +42.2% | -- |
| 03/30/2018 03/30/18 | Rented | $2,950 | 0.0% | -- |
| 01/02/2018 01/02/18 | For Rent | $2,950 | 0.0% | -- |
| 09/13/2017 09/13/17 | Sold | $1,850,000 | -11.9% | $453 / Sq Ft |
| 07/18/2017 07/18/17 | Pending | -- | -- | -- |
| 06/14/2017 06/14/17 | Price Changed | $2,099,000 | -4.5% | $514 / Sq Ft |
| 06/05/2017 06/05/17 | Price Changed | $2,199,000 | 0.0% | $539 / Sq Ft |
| 05/19/2017 05/19/17 | For Sale | $2,200,000 | -- | $539 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $26,470 | $2,104,980 | $1,365,393 | $739,587 |
| 2024 | $26,470 | $2,063,707 | $1,338,621 | $725,086 |
| 2023 | $26,029 | $2,023,243 | $1,312,374 | $710,869 |
| 2022 | $24,388 | $1,983,573 | $1,286,642 | $696,931 |
| 2021 | $23,939 | $1,944,680 | $1,261,414 | $683,266 |
| 2019 | $23,596 | $1,887,000 | $1,224,000 | $663,000 |
| 2018 | $23,029 | $1,850,000 | $1,200,000 | $650,000 |
| 2016 | $2,447 | $165,012 | $80,957 | $84,055 |
| 2015 | $2,362 | $162,534 | $79,741 | $82,793 |
| 2014 | $2,367 | $159,351 | $78,179 | $81,172 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2019
Spencer Pabst
Pabst, Kinney & Associates
(562) 884-6875
1 in this area
56 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW17111393
APN: 7243-029-001
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