NOT LISTED FOR SALE

Estimated Value: $1,208,000 - $1,276,000

8 Beds
4 Baths
3,300 Sq Ft
$376/Sq Ft Est. Value

Sale Details

Date Sold: February 21, 2024

Last sale price $1,150,000 $348 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $8,079 / mo

19 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Wall Furnace
  • No HOA
  • Wrought Iron Fence

About This Home

As of February 2024

Explore the potential of this 4 unit apartment building is tucked in North Long Beach with promising upside opportunity. All units appear to be identical each with 2 bedroom, 1 bath with a spacious kitchen & living room. Each unit has 1 dedicated parking space and offer plenty of street parking. With some upgrades, this property offers fantastic upside investment opportunity that can elevate future rental income. The property is centrally located and with easy access to the 91, 710, 110, 105, 605 Freeways, Long Beach Airport and more making it a great choice for tenants and a strategic investment for growth. Whether this is your first multi-unit or an addition to your real estate portfolio, don't miss out on this promising opportunity.

Last Agent to Sell the Property

Christine Almarines

Caliber Real Estate Group License #01412944 Listed on: 01/02/2024

Last Buyer's Agent

meiling ma

C-21 Classic Estates License #01801698

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1963

Lot Details

  • 6,652 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Corner Lot

Home Design

  • Entry on the 1st floor
  • Cosmetic Repairs Needed

Interior Spaces

  • 3,300 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 229
  • Tax Tract Number 7420
  • Assessor Parcel Number 7113004040
  • $874 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • North Long Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $360
  • Insurance Expense $1,711
  • Water Sewer Expense $3,300
  • New Taxes Expense $14,988
  • Operating Expense $20,379
  • Net Operating Income $22,153

Property Details

Home Type

Apartment

Year Built

Built in 1963

Lot Details

6,652 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Water Sewer Expenses: 3300.00
  • Zoning: LBR1N
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7113004040
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 348.48

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 6652.00
  • Lot Size Acres: 0.1527

Rental Info

  • Tenant Pays: Other

Multi Family

  • Average2 Bed Area: 825 Square Feet
  • Electric Expense: 360.00
  • Gross Scheduled Income: 56340.00
  • Insurance Expense: 1711.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6652.0000 Square Feet
  • Net Operating Income: 22153.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 10187.00
  • Other Income Description: Unclear on Laundry Income
  • Rent Control: No
  • Total Actual Rent: 4795.00
  • Total Expenses: 20379.00

Tax Info

  • New Taxes Expense: 14988.00
  • Tax Census Tract: 5702.03
  • Tax Lot: 229
  • Tax Tract Number: 7420
  • TaxOtherAnnualAssessmentAmount: 874.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2024
Closed on
Feb 20, 2024
Sold by
Bought by
Seller's Agent
Christine Almarines
Caliber Real Estate Group
Buyer's Agent
meiling ma
C-21 Classic Estates
List Price
$1,199,000
Sold Price
$1,150,000
Premium/Discount to List
-$49,000
-4.09%
Views
19
Current Estimated Value
$1,240,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,107
Avg. Annual Appreciation
3.14%
Original Mortgage
$747,500
Interest Rate
0.0666%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2022
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,150,000 Fidelity National Title
-- Trust Law Legacy Group Apc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $875,000
Closed $747,500
Previous Owner $370,000
Previous Owner $385,000
Previous Owner $330,000
Previous Owner $49,000
Previous Owner $7,500
Previous Owner $62,961
Previous Owner $180,100
Previous Owner $169,300
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/21/2024 02/21/24 Sold $1,150,000 -4.1% $348 / Sq Ft
01/21/2024 01/21/24 Pending -- -- --
01/02/2024 01/02/24 For Sale $1,199,000 -- $363 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $15,864 $1,173,000 $459,000 $714,000
2024 $4,903 $321,052 $79,412 $241,640
2023 $4,816 $314,757 $77,855 $236,902
2022 $4,544 $308,586 $76,329 $232,257
2021 $4,431 $302,536 $74,833 $227,703
2019 $4,369 $293,564 $72,614 $220,950
2018 $4,159 $287,809 $71,191 $216,618
2016 $3,819 $276,635 $68,428 $208,207
2015 $3,678 $272,481 $67,401 $205,080
2014 $3,675 $267,144 $66,081 $201,063
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS24000197

California Regional Multiple Listing Service (CRMLS)

APN: 7113-004-040

Your Personal Tour Guide

Ask me questions while you tour the home.