NOT LISTED FOR SALE

Estimated Value: $1,570,000 - $1,797,000

7 Beds
5 Baths
2,810 Sq Ft
$595/Sq Ft Est. Value

Last Sold November 30, 2022

Last sale price $1,475,000 $525 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $10,391/month

51 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wrought Iron Fence
  • Woodrow Wilson High School Rated A
  • Tile Flooring
  • Wall Furnace

About This Home

As of November 2022

Residential Income Opportunity. Clean, well maintained 4-plex in desirable Long Beach Neighborhood.
Ideal location for So Cal living and rental income.
Blocks to local beaches, close to CSULB, 2nd & PCH Shopping Complex, LBX & The Hangar, Parks, Golf Courses and Public transportation.
Parking - NO problem. All units include 1 car covered, secure garage space plus 1 assigned drive way space.
1 - 3Bed/2Bath, 1- 2Bed/1Bath with private fenced patio, 1- 1Bed/1Bath with private fenced patio and 1 - 1Bed/1Bath with option for private patio.
Individually metered gas, electricity, tenant pays trash. One unit (1/1) to be delivered vacant.

Last Agent to Sell the Property

Lynn Potter

Vista Sotheby's International Realty License #01929002 Listed on: 08/30/2022

Vista Sotheby's International Realty

Last Buyer's Agent

Erin Barry

Seven Gables Real Estate License #01391580

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,750 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Density is up to 1 Unit/Acre

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,810 Sq Ft Home
  • Tile Flooring
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Central Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Legal Lot and Block 15 / 2
  • Tax Tract Number 5771
  • Assessor Parcel Number 7258027017

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Circle Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $400
  • Insurance Expense $1,200
  • Maintenance Expense $1,200
  • Water Sewer Expense $2,400
  • Operating Expense $5,450
  • Net Operating Income $88,030

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Circle (CA)
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: LBR3S
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 400.00
  • Parcel Number: 7258027017
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Price Per Square Foot: 524.91

Exterior Features

  • Fence: Yes
  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Cooktop, Refrigerator, Water Heater Central
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • 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: 6750.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 550 Square Feet
  • Average2 Bed Area: 700 Square Feet
  • Average3 Bed Area: 1000 Square Feet
  • Gross Scheduled Income: 93480.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6750.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 88030.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Carpet: 1
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 3
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 5450.00
  • Rent Control: Yes
  • Total Actual Rent: 93000.00
  • Total Expenses: 5450.00

Tax Info

  • Tax Block: 2
  • Tax Lot: 15
  • Tax Tract Number: 5771

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2022 11/30/22 Sold $1,475,000 0.0% $525 / Sq Ft
10/20/2022 10/20/22 Pending -- -- --
10/17/2022 10/17/22 Price Changed $1,475,000 -7.8% $525 / Sq Ft
10/17/2022 10/17/22 For Sale $1,599,000 0.0% $569 / Sq Ft
10/05/2022 10/05/22 Pending -- -- --
08/30/2022 08/30/22 For Sale $1,599,000 0.0% $569 / Sq Ft
01/28/2015 01/28/15 Rented $1,425 0.0% --
01/28/2015 01/28/15 For Rent $1,425 +1.8% --
12/17/2014 12/17/14 Rented $1,400 -1.8% --
12/17/2014 12/17/14 For Rent $1,425 +5.6% --
01/08/2014 01/08/14 Rented $1,350 0.0% --
12/09/2013 12/09/13 Under Contract -- -- --
10/29/2013 10/29/13 For Rent $1,350 0.0% --
07/10/2013 07/10/13 Rented $1,350 -10.0% --
07/10/2013 07/10/13 Under Contract -- -- --
06/05/2013 06/05/13 For Rent $1,500 -- --
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 $19,537 $1,534,590 $936,360 $598,230
2024 $19,537 $1,504,500 $918,000 $586,500
2023 $19,210 $1,475,000 $900,000 $575,000
2022 $2,417 $133,252 $40,406 $92,846
2021 $2,345 $130,640 $39,614 $91,026
2019 $2,313 $126,767 $38,440 $88,327
2018 $2,154 $124,283 $37,687 $86,596
2016 $1,978 $119,460 $36,225 $83,235
2015 $1,914 $117,666 $35,681 $81,985
2014 $1,926 $115,363 $34,983 $80,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV22186258

California Regional Multiple Listing Service (CRMLS)

APN: 7258-027-017