NOT LISTED FOR SALE

Estimated Value: $1,369,168

4 Beds
5 Baths
3,160 Sq Ft
$433/Sq Ft Est. Value

Last Sold September 15, 2022

Last sale price $1,200,000 $380 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $8,677/month

461 Days on Market

Highlights

  • Solar Power System
  • Neighborhood Views
  • No Heating
  • Corner Lot
  • Laundry Room
  • 1-Story Property

About This Home

As of September 2022

Corner Lot!! 2 Separate Buildings one residential and one commercial!!! 2 retail offices facing Atlantic Ave and on the back facing 59th St there is a 3 beds/2 bath house with paid SOLAR PANELS, and the second residential unit is a 1 bed/ 1 bath. This property is ideal for a buyer to run his own business, live in one of the residential units and collect other rents. This 4-plex is located on a busy street with lots of visibility, The Michelle Obama Library is right in front. ...Please do not disturb tenants.

Last Agent to Sell the Property

Marco Vidal

MARCO VIDAL, BROKER License #01226850 Listed on: 06/04/2021

Last Buyer's Agent

Marco Vidal

MARCO VIDAL, BROKER License #01226850 Listed on: 06/04/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,682

Year Built

  • Built in 1940

Lot Details

  • 5,353 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Home Design

  • Property Attached

Interior Spaces

  • 3,160 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer Hookup

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Utilities

  • No Heating
  • Natural Gas Connected

Additional Features

  • Solar Power System
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 15 / 7
  • Tax Tract Number 6521
  • Assessor Parcel Number 7124017014

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • North Long Beach Subdivision

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,072
  • Insurance Expense $3,000
  • Water Sewer Expense $2,088
  • Operating Expense $6,160
  • Net Operating Income $50,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,682

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Price Per Unit: 312475
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: North Long Beach (NLB)
  • View: Yes
  • Water Sewer Expenses: 2088.00
  • Zoning: LBCNA
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7124017014
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 379.75

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: No
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Laundry Features: In Kitchen, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Green Features

  • Green Power: Solar

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5353.00
  • Lot Size Acres: 0.1229

Multi Family

  • Average1 Bed Area: 1 Square Feet
  • Average2 Bed Area: 2 Square Feet
  • Average3 Bed Area: 1 Square Feet
  • Electric Expense: 1072.00
  • Gross Scheduled Income: 57000.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 5353.0000 Square Feet
  • Net Operating Income: 50840.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 6160.00
  • Rent Control: No
  • Total Actual Rent: 4750.00
  • Total Expenses: 6160.00

Tax Info

  • Tax Block: 7
  • Tax Census Tract: 5705.01
  • Tax Lot: 15
  • Tax Tract Number: 6521

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2021
Closed on
Sep 13, 2022
Sold by
Guadalupe Loya Sonya
Bought by
Li Dieren
Seller's Agent
Marco Vidal
MARCO VIDAL, BROKER
Buyer's Agent
Marco Vidal
MARCO VIDAL, BROKER
List Price
$1,395,000
Sold Price
$1,200,000
Premium/Discount to List
-$195,000
-13.98%
Views
1
Current Estimated Value
$1,369,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,168
Avg. Annual Appreciation
4.40%

Purchase Details

Closed on
Jun 20, 2019
Sold by
Andrade Juan
Bought by
Loya Sonya Guadalupe

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%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2013
Sold by
Andrade Management Inc
Bought by
Andrade Juan

Purchase Details

Closed on
Nov 6, 2008
Sold by
Andrade Juan
Bought by
Andrade Management Inc

Purchase Details

Closed on
Sep 8, 2008
Sold by
Andrade Juan
Bought by
Andrade Management Inc

Purchase Details

Closed on
Dec 10, 2003
Sold by
Finkel Yelena
Bought by
Finkel Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.92%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 14, 2003
Sold by
Finkel Michael
Bought by
Andrade Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.92%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 28, 2001
Sold by
Hamideh Omar
Bought by
Finkel Michael

Purchase Details

Closed on
Jun 29, 2000
Sold by
Hamideh Muna
Bought by
Hamideh Omar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,400
Interest Rate
8.67%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 9, 2000
Sold by
Voloshin Galina and Finkel Michael
Bought by
Hamideh Omar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,400
Interest Rate
8.67%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 24, 2000
Sold by
Voloshin Galina
Bought by
Voloshin Galina and Finkel Michael

Purchase Details

Closed on
Feb 18, 2000
Sold by
Muradian Robert
Bought by
Voloshin Galina

Purchase Details

Closed on
Nov 29, 1999
Sold by
Lusine Hadjinian Artak and Lusine Hadjinian Krgatbashyan
Bought by
Muradian Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,500
Interest Rate
7.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 20, 1998
Sold by
Zakarian Aram and Zakarian Aida
Bought by
Hadjinian Artak and Krgatbashyan Lusine
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Li Dieren $1,200,000 Chicago Title
Loya Sonya Guadalupe $755,000 Wfg Title Company
Andrade Juan -- None Available
Andrade Management Inc -- None Available
Andrade Management Inc -- None Available
Finkel Michael -- Lawyers Title
Andrade Juan $330,000 Lawyers Title
Finkel Michael -- Lawyers Title
Hamideh Omar -- Gateway Title Company
Hamideh Omar $353,000 Gateway Title Company
Voloshin Galina -- --
Finkel Michael -- --
Voloshin Galina -- --
Muradian Robert $370,000 Gateway Title Company
Muradian Robert -- Gateway Title Company
Hadjinian Artak -- Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Loya Sonya Guadalupe $150,000
Previous Owner Andrade Juan $264,000
Previous Owner Hamideh Omar $282,400
Previous Owner Muradian Robert $277,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2022 09/15/22 Sold $1,200,000 -4.0% $380 / Sq Ft
09/08/2022 09/08/22 Pending -- -- --
12/24/2021 12/24/21 Price Changed $1,249,900 -7.4% $396 / Sq Ft
09/08/2021 09/08/21 Price Changed $1,350,000 -3.2% $427 / Sq Ft
09/08/2021 09/08/21 For Sale $1,395,000 +16.3% $441 / Sq Ft
09/07/2021 09/07/21 Off Market $1,200,000 -- --
07/08/2021 07/08/21 Price Changed $1,395,000 -0.4% $441 / Sq Ft
06/04/2021 06/04/21 For Sale $1,400,000 -- $443 / 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 $16,682 $1,248,480 $832,320 $416,160
2024 $16,682 $1,224,000 $816,000 $408,000
2023 $17,586 $1,200,000 $800,000 $400,000
2022 $10,600 $778,077 $618,340 $159,737
2021 $10,389 $762,821 $606,216 $156,605
2019 $6,416 $424,999 $275,975 $149,024
2018 $6,166 $416,666 $270,564 $146,102
2016 $5,691 $400,488 $260,058 $140,430
2015 $5,490 $394,473 $256,152 $138,321
2014 $5,453 $386,747 $251,135 $135,612
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV21120469

California Regional Multiple Listing Service (CRMLS)

APN: 7124-017-014