NOT LISTED FOR SALE

Estimated Value: $652,000 - $799,000

3 Beds
2 Baths
1,332 Sq Ft
$547/Sq Ft Est. Value

Sale Details

Date Sold: January 5, 2016

Last sale price $375,000 $282 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $4,325 / mo

62 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Contemporary Architecture
  • Private Yard
  • Open Floorplan
  • Wood Flooring
  • Neighborhood Views

About This Home

As of January 2016

Wonderful investment opportunity in North Long Beach! This building is in a much sought after area for renters. The front unit has recently been fully ungraded; including the kitchen, bath and fresh paint, very clean. Both units have an open floor plan with newer windows and tile flooring. Both the front unit and back unit come equip with their own washer and dryer hook-ups. There is never a parking and/or storage issue because this property includes three one car garages and a very long private driveway. A great investment with a monthly income of $2,400 monthly. This is an affordable income property with a lot of potential!

Last Agent to Sell the Property

Joshua Gilliam

Seven Gables Real Estate License #01302660 Listed on: 01/05/2016

Seven Gables Real Estate

Co-Listed By

Shelly Dante

Seven Gables Real Estate License #01958953

Last Buyer's Agent

Joshua Gilliam

Seven Gables Real Estate License #01302660 Listed on: 01/05/2016

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 4,763 Sq Ft Lot
  • 1 Common Wall
  • Level Lot
  • Private Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Single Garage Door
  • Driveway

Home Design

  • Contemporary Architecture
  • Property Attached

Interior Spaces

  • 1,332 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Living Room
  • Neighborhood Views
  • Ceramic Countertops
  • Laundry Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Additional Features

  • Accessible Parking
  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7125035033

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $4,873
  • Gross Income $2,400
  • Net Operating Income $28,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

4,763 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7125035033
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceramic Counters, Ceiling Fan(s), Open Floorplan, Tile Counters
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Accessibility Features: Parking
  • Price Per Square Foot: 281.53
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Asphalt, Driveway, Garage, On Site, Private, Garage - Single Door
  • Total Parking Spaces: 9.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside, Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: Level, Yard
  • Lot Size Sq Ft: 4763.00
  • Price Per Lot Square Foot: 78.73
  • Lot Size Acres: 0.1090

Multi Family

  • Gross Income: 2400.00
  • Gross Scheduled Income: 28800.00
  • Lot Size Area: 4763.0000 Square Feet
  • Net Operating Income: 28800.00
  • 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
  • Rent Control: No
  • Total Actual Rent: 2300.00

Tax Info

  • New Taxes Expense: 4873.00
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 26, 2025
Sold by
Cornwell Theresa R
Bought by
Firstlb Llc
Current Estimated Value
$728,531

Purchase Details

Closed on
Jun 25, 2025
Sold by
Reil Goran
Bought by
Cornwell Theresa R

Purchase Details

Closed on
Nov 5, 2015
Sold by
Shubin Interests Llc
Bought by
Cornwell Theresa R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 26, 2014
Closed on
Mar 31, 2015
Sold by
Shubin Gregory
Bought by
Shubin Gregory J and Sharlene Shubin L
Seller's Agent
Jeff Anderson
eXp Realty of California Inc
Buyer's Agent
Joshua Gilliam
Seven Gables Real Estate
List Price
$329,900
Sold Price
$329,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.30%

Purchase Details

Listed on
Nov 26, 2014
Closed on
Jan 16, 2015
Sold by
Merriman Russell
Bought by
Shubin Gregory and Shubin Sharlene
Seller's Agent
Jeff Anderson
eXp Realty of California Inc
Buyer's Agent
Joshua Gilliam
Seven Gables Real Estate
List Price
$329,900
Sold Price
$329,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,920
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 23, 2011
Sold by
Merriman Russell
Bought by
Merriman Russell and Merriman Deanna

Purchase Details

Closed on
Feb 24, 2011
Sold by
U S Bank National Association
Bought by
Merriman Russell and Merriman Deanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2010
Sold by
Rios Miguel Angel
Bought by
Us Bank National Association

Purchase Details

Closed on
Aug 12, 2005
Sold by
Rios Miguel A
Bought by
Rios Miguel Angel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,000
Interest Rate
8.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 14, 2005
Sold by
Gonzalez Veronica
Bought by
Rios Miguel Angel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,000
Interest Rate
8.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 20, 1999
Sold by
Rios Miguel
Bought by
Rios Miguel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,626
Interest Rate
6.63%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 5, 1996
Sold by
Koval Joel
Bought by
Rios Miguel and Castro Agustin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,262
Interest Rate
6.98%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Firstlb Llc -- None Listed On Document
Cornwell Theresa R -- None Listed On Document
Cornwell Theresa R $375,000 First American Title Company
Shubin Gregory J -- None Available
Shubin Interests Llc -- Fidelity National Title Co
Shubin Gregory $330,000 Fidelity National Title Co
Merriman Russell -- None Available
Merriman Russell $200,000 Servicelink
Us Bank National Association $200,000 Accommodation
Rios Miguel Angel -- Fidelity Van Nuys
Rios Miguel Angel -- --
Rios Miguel A -- --
Rios Miguel A -- American Title
Rios Miguel A -- First Southwestern Title Co
Rios Miguel $124,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cornwell Theresa R $281,250
Previous Owner Shubin Gregory $263,920
Previous Owner Merriman Russell $150,000
Previous Owner Rios Miguel Angel $253,000
Previous Owner Rios Miguel A $121,626
Previous Owner Rios Miguel $123,262
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/05/2016 01/05/16 Sold $375,000 -3.8% $282 / Sq Ft
10/15/2015 10/15/15 Pending -- -- --
08/14/2015 08/14/15 For Sale $389,900 +18.2% $293 / Sq Ft
01/30/2015 01/30/15 Sold $329,900 0.0% $248 / Sq Ft View Prior Sale
12/18/2014 12/18/14 Pending -- -- --
11/26/2014 11/26/14 For Sale $329,900 -- $248 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $5,870 $443,917 $195,323 $248,594
2024 $5,870 $435,214 $191,494 $243,720
2023 $5,770 $426,682 $187,740 $238,942
2022 $5,423 $418,316 $184,059 $234,257
2021 $5,313 $410,114 $180,450 $229,664
2019 $5,238 $397,952 $175,099 $222,853
2018 $5,031 $390,150 $171,666 $218,484
2016 $4,167 $334,930 $172,490 $162,440
2015 $2,665 $211,110 $126,666 $84,444
2014 -- $206,975 $124,185 $82,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15181638

California Regional Multiple Listing Service (CRMLS)

APN: 7125-035-033

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