NOT LISTED FOR SALE

Estimated Value: $703,000 - $825,000

3 Beds
2 Baths
1,457 Sq Ft
$519/Sq Ft Est. Value

Last Sold May 22, 2024

Last sale price $760,000 $522 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,685/month

9 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Bike Trail
  • Long Beach Polytechnic High School Rated A
  • Baseboard Heating

About This Home

As of May 2024

This is a great opportunity to own a cute Spanish style duplex in a prime location of Long Beach. With easy access to both the 710 and 405 freeways and just minutes away from some of the best Long Beach has to offer including: Downtown Long Beach, The Pike, Shoreline Village, Alamitos Beach, Bixby Knolls and the Metro Station linking Long Beach to Downtown LA, this location is ideal. The property itself showcases a traditional Spanish Style architecture. The units have laminate flooring with carpet and tile accents. In the back and side of the units, there is a decent sized cement area that can be used for small gatherings, BBQ's, or a secure area for kids or dogs to roam freely. There is also a large storage room behind to 2 car garage that could be repurposed into additional living space. Each unit is separately metered for electricity and gas. In addition, the 2 bedroom unit conveniently has its own washer and dryer hookup in the unit. The 1 bedroom unit has a breakfast nook off the kitchen that could also be used as an office or den. Both units are being delivered vacant so it is ideal for either an owner occupant or investor. This is also a prime area for short term rentals where the income could be significantly higher than traditional market rents. This property is priced to sell so take advantage of this opportunity before its gone.

Last Agent to Sell the Property

Aaron Berryman

Endeavor Real Estate License #01401206 Listed on: 04/03/2024

Last Buyer's Agent

Matt Mahowald

Buckingham Investments, Inc License #02001732

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,723

Year Built

  • Built in 1925

Lot Details

  • 2,997 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,457 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 2 / A
  • Tax Tract Number 52784
  • Assessor Parcel Number 7210008002
  • $427 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Poly High Subdivision

Recreation

  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $14,400
  • Trash Expense $480
  • Water Sewer Expense $1,920
  • Operating Expense $16,800
  • Gross Income $48,000
  • Net Operating Income $32,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,723

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 1920.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7210008002
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 521.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Front, Garage - Two Door
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Baseboard
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2997.00
  • Lot Size Acres: 0.0688

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 48000.00
  • Gross Scheduled Income: 49200.00
  • Insurance Expense: 14400.00
  • Lot Size Area: 2997.0000 Square Feet
  • Net Operating Income: 32400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 16800.00
  • Rent Control: No
  • Total Expenses: 16800.00

Tax Info

  • Tax Block: A
  • Tax Census Tract: 5732.02
  • Tax Lot: 2
  • Tax Tract Number: 52784
  • TaxOtherAnnualAssessmentAmount: 427.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2024
Closed on
May 15, 2024
Sold by
Arrow Capital Group Llc
Bought by
Castro Adriana Lizeth Arauj
Seller's Agent
Aaron Berryman
Endeavor Real Estate
Buyer's Agent
Matt Mahowald
Buckingham Investments, Inc
List Price
$675,000
Sold Price
$760,000
Premium/Discount to List
$85,000
12.59%
Views
74
Current Estimated Value
$756,059

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,941
Avg. Annual Appreciation
-0.36%
Original Mortgage
$570,000
Outstanding Balance
$562,008
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$194,051

Purchase Details

Closed on
Sep 12, 2023
Sold by
Oden Migena
Bought by
Arrow Capital Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,855
Interest Rate
7.31%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 7, 2023
Sold by
Oden Constance R
Bought by
Oden Migena

Purchase Details

Listed on
Sep 1, 2012
Closed on
Oct 1, 2012
Sold by
Jones Reynolds Lucian Collins and Jones Reynolds Dorothy Mae
Bought by
Oden Constance
Seller's Agent
Cynthia Marrone
Fathom Realty Group Inc.
Buyer's Agent
Salvador Saenz
List Price
$289,000
Sold Price
$289,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.70%
Original Mortgage
$202,300
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2006
Sold by
Jones Reynolds Lucian Collins and Jones Reynolds Dorothy Mae
Bought by
Jones Reynolds Lucian Collins and Jones Reynolds Dorothy Mae

Purchase Details

Closed on
Sep 19, 2005
Sold by
Jones Reynolds Lucian Collins and Jones Reynolds Dorothy Mae
Bought by
Jones Reynolds Lucian Collins and Jones Reynolds Dorothy Mae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2003
Sold by
Reynolds Lucian C and Reynolds Dorothy M
Bought by
Jones Reynolds Lucian Collins and Jones Reynolds Dorothy Mae
Source: Public Records

Range of Values:

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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
Castro Adriana Lizeth Arauj $760,000 Wfg National Title
Arrow Capital Group Llc $395,500 Wfg National Title
Oden Migena -- None Listed On Document
Oden Constance $289,000 Lawyers Title Company
Jones Reynolds Lucian Collins -- None Available
Jones Reynolds Lucian Collins -- First American Title Ins Co
Jones Reynolds Lucian Collins -- First American Title Ins Co
Jones Reynolds Lucian Collins -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castro Adriana Lizeth Arauj $570,000
Previous Owner Arrow Capital Group Llc $392,855
Previous Owner Oden Constance $202,300
Previous Owner Jones Reynolds Lucian Collins $115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/22/2024 05/22/24 Sold $760,000 +12.6% $522 / Sq Ft
04/03/2024 04/03/24 For Sale $675,000 +133.6% $463 / Sq Ft
11/15/2012 11/15/12 Sold $289,000 0.0% $315 / Sq Ft View Prior Sale
09/14/2012 09/14/12 Pending -- -- --
09/01/2012 09/01/12 For Sale $289,000 -- $315 / 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 $8,723 $775,200 $408,000 $367,200
2024 $8,723 $668,000 $467,000 $201,000
2023 $4,684 $342,055 $118,357 $223,698
2022 $4,403 $335,349 $116,037 $219,312
2021 $4,309 $328,774 $113,762 $215,012
2020 $4,298 $325,404 $112,596 $212,808
2019 $4,248 $319,025 $110,389 $208,636
2018 $4,096 $312,771 $108,225 $204,546
2016 $3,767 $300,627 $104,023 $196,604
2015 $3,619 $296,112 $102,461 $193,651
2014 $3,600 $290,312 $100,454 $189,858
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24065821

California Regional Multiple Listing Service (CRMLS)

APN: 7210-008-002