NOT LISTED FOR SALE

64 62nd Place Long Beach, CA 90803

Peninsula Neighborhood

Estimated Value: $1,881,000 - $2,607,881

5 Beds
4 Baths
3,239 Sq Ft
$702/Sq Ft Est. Value

Last Sold June 08, 2023

Last sale price $2,050,000 $633 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $14,055/month

323 Days on Market

Highlights

  • Ocean View
  • Property has ocean access
  • Fishing
  • Naples Bayside Academy Rated A
  • Golf Course Community
  • Primary Bedroom Suite

About This Home

As of June 2023

Work where you play in this rare coastal mixed use commercial opportunity currently operating as a residential income triplex. Steps to the sand, Alamitos Bay, Pacific Ocean plus trendy 2nd Street, Belmont Shore restaurants and retail. All the activities you dream of: sailing, paddle boarding, kayaking, swimming, surfing, fishing and more! This area of Long Beach is the best kept secret on the Southern California coast. Loads of custom features and renovations throughout: recessed lighting, speakers, custom wrought iron balconies & spiral staircase & beautiful oak hardwood floors in the upper unit with an open floor plan to enjoy cool breezy California resort style living. Featuring an expansive rooftop area & 2 "owners" unit access points. Upgrades: Island, granite counters & high-end Dynasty range, French doors, central heating, copper plumbing, new drain lines, vinyl windows, new paint, stucco, vinyl plantation shutters, & custom window coverings and more. Upper: 1491 s.f., 2-3 bedroom/2 bath with a private master en-suite & attached gym. 2 downstairs units, both recently remodeled: 713 sf loft style 1 bed/1 bath + fireplace & French doors to private patio & front 1035 sf 2 bed/1 bath open split-level. Long & short term rental area. All information is deemed reliable but not guaranteed, buyer to conduct own investigations.

Last Agent to Sell the Property

Renee Lawler

So Cal Dwell License #00949459 Listed on: 06/14/2022

Last Buyer's Agent

Darren Hamilton

Hamilton Pacific Real Estate License #01226720

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,727

Year Built

  • Built in 1928 | Remodeled

Lot Details

  • 1,986 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • West Facing Home
  • Fenced
  • Stucco Fence
  • Fence is in excellent condition
  • Density is up to 1 Unit/Acre
  • Zero Lot Line

Parking

  • On-Street Parking

Property Views

  • Ocean
  • Coastline
  • Bay
  • Catalina
  • Panoramic
  • City Lights
  • Peek-A-Boo
  • Mountain

Home Design

  • Triplex
  • Spanish Architecture
  • Split Level Home
  • Turnkey
  • Slab Foundation
  • Frame Construction
  • Copper Plumbing
  • Plaster
  • Stucco

Interior Spaces

  • 3,239 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Partially Furnished
  • Dual Staircase
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Gas Fireplace
  • Awning
  • Plantation Shutters
  • Custom Window Coverings
  • Wood Frame Window
  • French Doors
  • Living Room with Fireplace
  • Loft
  • Home Gym

Kitchen

  • Indoor Grill
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Multi-Level Bedroom
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Ocean Side of Freeway
  • Living Room Balcony
  • Fire Pit
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Utilities

  • Cooling Available
  • Central Heating

Additional Features

  • More Than Two Accessible Exits
  • Energy-Efficient Exposure or Shade

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 25 / 11
  • Assessor Parcel Number 7245022022

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Peninsula Subdivision

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Water Sports
  • Bike Trail

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Insurance Expense $2,500
  • Maintenance Expense $2,000
  • Pest Control $600
  • Trash Expense $1,400
  • Water Sewer Expense $2,800
  • Operating Expense $10,800
  • Gross Income $60,500
  • Net Operating Income $49,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,727

Year Built

Built in 1928 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Subdivision Name Other: Peninsula (PI)
  • View: Yes
  • Water Sewer Expenses: 2800.00
  • Zoning: LBPD3
  • Architectural Style: Spanish
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7245022022
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases, Balcony, Ceiling Fan(s), Copper Plumbing Full, Granite Counters, Living Room Balcony, Open Floorplan, Partially Furnished, Recessed Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Door Features: French Doors
  • Fireplace Features: Living Room, Master Bedroom, Gas, Fire Pit
  • Levels: Multi/Split
  • Price Per Square Foot: 632.91
  • Room Type: Exercise Room, Kitchen, Living Room, Loft, Master Suite, Multi-Level Bedroom
  • Window Features: Custom Covering, Plantation Shutters, Skylight(s), Wood Frames

Exterior Features

  • Direction Faces: West
  • Foundation: Slab
  • Exterior Features: Awning(s), Barbecue Private, Lighting, Rain Gutters
  • View: Bay, Catalina, City Lights, Coastline, Mountain(s), Ocean, Panoramic, Peek-A-Boo, Water
  • Fence: Yes
  • Fencing: Excellent Condition, Stucco Wall
  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame, Plaster, Stucco

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Gas Cooktop, Indoor Grill, Microwave, Range Hood, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Inside, Stackable
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 1400.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Fishing, Golf, Park, Watersports, Sidewalks, Storm Drains, Street Lights

Green Features

  • Efficiency: Exposure/Shade

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Zero Lot Line
  • Lot Size Sq Ft: 1986.00
  • Lot Size Acres: 0.0456

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1500.00
  • Gross Income: 60500.00
  • Gross Scheduled Income: 60500.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 1986.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 49700.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number With Carpet: 1
  • Number With Dishwasher: 1
  • Number With Disposal: 3
  • Number With Drapes: 2
  • Number With Patio: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 10800.00
  • Other Income Description: Proforma best 4 value calculat
  • Rent Control: No
  • Total Actual Rent: 78000.00
  • Total Expenses: 10800.00
  • Waterfront Features: Beach Access, Fishing in Community, Ocean Access, Ocean Side of Freeway

Tax Info

  • Tax Block: 11
  • Tax Census Tract: 5775.04
  • Tax Lot: 25
  • Tax Rate: 1.34
  • Tax Tract Number: 0000
  • Tax Annual Amount: 7727.00
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2023
Sold by
Natale Frank Gregory
Bought by
Natale Frank Gregory and Meave Leida
Current Estimated Value
$2,273,720

Purchase Details

Closed on
Apr 1, 2022
Sold by
Natale Frank Gregory
Bought by
Natale Frank Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2018
Sold by
Natale Frank Gregory
Bought by
Natale Frank Gregory

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
4.6%
Mortgage Type
Construction

Purchase Details

Closed on
May 13, 2005
Sold by
Natale Frank
Bought by
Natale Frank and Natale Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
1%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 3, 2001
Sold by
Giancaspro Frank
Bought by
Natale Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
7.09%
Mortgage Type
Commercial

Purchase Details

Closed on
May 26, 1999
Sold by
Tebbetts Family Trust and Lee A
Bought by
Natale Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,250
Interest Rate
7.05%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Natale Frank Gregory -- None Listed On Document
Natale Frank Gregory -- New Title Company Name
Natale Frank Gregory -- New Title Company Name
Natale Frank Gregory -- First American Title Company
Natale Frank -- North American Title Co
Natale Frank -- Equity Title
Natale Frank $395,000 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Natale Frank Gregory $35,000
Previous Owner Natale Frank Gregory $150,000
Previous Owner Natale Frank $600,000
Previous Owner Natale Frank $425,000
Previous Owner Natale Frank $375,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2023 06/08/23 Sold $2,050,000 -6.6% $633 / Sq Ft
05/03/2023 05/03/23 Pending -- -- --
02/01/2023 02/01/23 Price Changed $2,195,000 -1.3% $678 / Sq Ft
10/31/2022 10/31/22 Price Changed $2,225,000 -10.1% $687 / Sq Ft
10/06/2022 10/06/22 Price Changed $2,475,000 -2.9% $764 / Sq Ft
08/10/2022 08/10/22 Price Changed $2,550,000 -5.4% $787 / Sq Ft
07/09/2022 07/09/22 Price Changed $2,695,000 -6.6% $832 / Sq Ft
06/27/2022 06/27/22 Price Changed $2,885,000 -3.7% $891 / Sq Ft
06/25/2022 06/25/22 Price Changed $2,997,000 -6.3% $925 / Sq Ft
06/14/2022 06/14/22 For Sale $3,200,000 -- $988 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $26,836 $2,122,416 $1,040,400 $1,082,016
2024 $26,836 $2,080,800 $1,020,000 $1,060,800
2023 $8,413 $595,181 $409,851 $185,330
2022 $7,910 $583,512 $401,815 $181,697
2021 $7,728 $572,072 $393,937 $178,135
2019 $7,616 $555,605 $382,253 $173,352
2018 $7,413 $544,721 $374,758 $169,963
2016 $6,821 $523,090 $360,206 $162,884
2015 $6,558 $515,234 $354,796 $160,438
2014 $6,506 $505,143 $347,847 $157,296
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Renee Lawler

    So Cal Dwell

    (562) 597-2481

    1 in this area

    6 Total Sales

    Renee Lawler
    Section Image
  • Darren Hamilton

    Buyer's Agent in 2023

    Darren Hamilton

    Hamilton Pacific Real Estate

    (562) 472-2400

    1 in this area

    12 Total Sales

    Darren Hamilton
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22126562

California Regional Multiple Listing Service (CRMLS)

APN: 7245-022-022

California Los Angeles County Long Beach 90803 Peninsula

64 62nd Place, Long Beach, CA

Not Listed for Sale

MultiFamily

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