NOT LISTED FOR SALE

Estimated Value: $1,648,000 - $1,804,000

6 Beds
5 Baths
4,596 Sq Ft
$371/Sq Ft Est. Value

Last Sold October 26, 2023

Last sale price $1,570,000 $342 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $10,785/month

54 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • 5-minute walk to Rose Park
  • Woodrow Wilson High School Rated A

About This Home

As of October 2023

Long Beach 4 plex just a few blocks from the beach!! Front unit is a 3 bed 1 bath with a yard. Two units upstairs... both are 2 bed 2 bath. 4th unit is 1 bed 1 bath. There are 5 garage spaces and a little courtyard to park. Alley access and plenty of street parking. Fully rented and well maintained.

Last Agent to Sell the Property

Bob Irish

Newport Realty License #01364068 Listed on: 08/05/2023

Last Buyer's Agent

Cameron Jacques

Kinnery's Brokerage House License #01852032

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,934

Year Built

  • Built in 1978

Lot Details

  • 5,601 Sq Ft Lot
  • Two or More Common Walls
  • Lawn
  • Front Yard

Parking

  • 5 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 4,596 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Additional Features

  • Rain Gutters
  • Suburban Location

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 12345
  • Assessor Parcel Number 7258032013
  • $925 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • Eastside Subdivision

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Operating Expense $20,000
  • Gross Income $108,000
  • Net Operating Income $98,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,934

Year Built

Built in 1978

Lot Details

0

Parking

5

Listing Details

  • Price Per Unit: 400000
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Zoning: LBR2N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7258032013
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 341.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn
  • Lot Size Sq Ft: 5601.00
  • Lot Size Acres: 0.1286

Multi Family

  • Gross Income: 108000.00
  • Gross Scheduled Income: 108000.00
  • Lot Size Area: 5601.0000 Square Feet
  • Net Operating Income: 98000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 20000.00
  • Rent Control: No
  • Total Expenses: 20000.00

Tax Info

  • Tax Census Tract: 5768.02
  • Tax Lot: 3
  • Tax Tract Number: 12345
  • TaxOtherAnnualAssessmentAmount: 925.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2023
Closed on
Sep 26, 2023
Sold by
Burt L Alfieri Living Trust
Bought by
Starboard I Va 12 Llc
Seller's Agent
Bob Irish
Newport Realty
Buyer's Agent
Cameron Jacques
Kinnery's Brokerage House
List Price
$1,600,000
Sold Price
$1,570,000
Premium/Discount to List
-$30,000
-1.88%
Views
71
Current Estimated Value
$1,705,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,082
Avg. Annual Appreciation
4.30%
Original Mortgage
$942,000
Outstanding Balance
$922,145
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$782,937

Purchase Details

Closed on
Aug 11, 2016
Sold by
Angel John J
Bought by
Alfieri Burt L and The Burt L Alfieri Living Trust

Purchase Details

Closed on
Jul 27, 2009
Sold by
Angel John
Bought by
Angel John and The John J Angel Jr Living Trust
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
Starboard I Va 12 Llc $1,570,000 First American Title
Alfieri Burt L $1,390,000 North American Title
Angel John -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Starboard I Va 12 Llc $942,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2023 10/26/23 Sold $1,570,000 -1.9% $342 / Sq Ft
09/28/2023 09/28/23 Pending -- -- --
09/05/2023 09/05/23 For Sale $1,600,000 0.0% $348 / Sq Ft
08/30/2023 08/30/23 Pending -- -- --
08/05/2023 08/05/23 For Sale $1,600,000 -- $348 / 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 $20,934 $1,601,400 $1,020,000 $581,400
2024 $20,934 $1,570,000 $1,000,000 $570,000
2023 $20,250 $1,550,566 $948,188 $602,378
2022 $19,006 $1,520,164 $929,597 $590,567
2021 $18,625 $1,490,358 $911,370 $578,988
2019 $18,359 $1,446,556 $884,340 $562,216
2018 $17,867 $1,418,200 $867,000 $551,200
2016 $9,469 $761,230 $305,739 $455,491
2015 $9,095 $749,797 $301,147 $448,650
2014 $9,043 $735,110 $295,248 $439,862
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23145403

California Regional Multiple Listing Service (CRMLS)

APN: 7258-032-013