NOT LISTED FOR SALE

Estimated Value: $1,039,000 - $1,189,275

7 Beds
4 Baths
3,100 Sq Ft
$365/Sq Ft Est. Value

Sale Details

Date Sold: September 21, 2021

Last sale price $995,000 $321 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,392 / mo

32 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Ceiling Fan
  • Radiant Heating System
  • No HOA
  • Laundry Facilities

About This Home

As of September 2021

Opportunity knocks!!! Fantastic North Long Beach single story triplex. These “Patio homes” were built in 1971 and offer great rental income for the savvy investor. Or Live in the front house and let the back two units pay for a huge portion of your mortgage. The Front house, or “owners unit”, (6051 California) is a 3 bedroom 2 bath. The back two units (6053 and 6055) are both 2 bedroom 1 bath with updated floors. All units have their own back patio. 1 two car garage and 2 one car garages in the back along with a community laundry room. Very low maintenance property. Great long term tenants in place with great upside on the rents. All separately metered for electric. Don't miss out on this amazing opportunity to invest in a highly up and Coming Long Beach neighborhood.

Last Agent to Sell the Property

Bradley Crocker

Partners Real Estate Group License #02013657 Listed on: 05/13/2021

Last Buyer's Agent

MANUEL REYES

First Family Homes License #01351557

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 7,742 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,100 Sq Ft Home
  • Ceiling Fan
  • Laminate Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Utilities

  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 6
  • Tax Tract Number 29767
  • Assessor Parcel Number 7124013028

Community Details

Overview

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

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • Gardener Expense $840
  • Insurance Expense $1,200
  • Maintenance Expense $3,300
  • Professional Management Expense $2,600
  • Trash Expense $840
  • Water Sewer Expense $1,200
  • New Taxes Expense $2,000
  • Operating Expense $11,980
  • Net Operating Income $54,812

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

7,742 Sq Ft Lot

Parking

4

Listing Details

  • Professional Management Expense: 2600.00
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 7124013028
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Price Per Square Foot: 320.97
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Radiant
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 840.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7742.00
  • Lot Size Acres: 0.1777

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average2 Bed Area: 900 Square Feet
  • Average3 Bed Area: 1300 Square Feet
  • Gross Scheduled Income: 66792.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 7742.0000 Square Feet
  • Maintenance Expense: 3300.00
  • Net Operating Income: 54812.00
  • Number Of Separate Electric Meters: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Operating Expense: 11980.00
  • Rent Control: Yes
  • Total Expenses: 11980.00

Tax Info

  • New Taxes Expense: 2000.00
  • Tax Census Tract: 5705.01
  • Tax Lot: 6
  • Tax Tract Number: 29767

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2022
Sold by
Bought by
Current Estimated Value
$1,130,069

Purchase Details

Closed on
Jun 15, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2019
Sold by
Bought by

Purchase Details

Closed on
Oct 29, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,150
Interest Rate
6.75%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Aug 23, 1993
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,617
Interest Rate
6.88%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
-- --
$995,000 Ticor Title
-- None Available
-- United Title Company
$225,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $650,000
Previous Owner $242,150
Previous Owner $218,617
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/21/2021 09/21/21 Sold $995,000 0.0% $321 / Sq Ft
06/14/2021 06/14/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $995,000 -- $321 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,234 $1,055,901 $424,483 $631,418
2024 $13,615 $1,035,198 $416,160 $619,038
2023 $13,388 $1,014,900 $408,000 $606,900
2022 $12,572 $995,000 $400,000 $595,000
2021 $5,594 $410,761 $172,202 $238,559
2020 $5,579 $406,550 $170,437 $236,113
2019 $5,516 $398,580 $167,096 $231,484
2018 $5,278 $390,766 $163,820 $226,946
2016 $4,847 $375,594 $157,459 $218,135
2015 $4,661 $369,953 $155,094 $214,859
2014 $4,643 $362,707 $152,056 $210,651
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21102669

California Regional Multiple Listing Service (CRMLS)

APN: 7124-013-028

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