NOT LISTED FOR SALE

Estimated Value: $914,000 - $1,000,000

7 Beds
2 Baths
2,101 Sq Ft
$454/Sq Ft Est. Value

Last Sold May 16, 2023

Last sale price $865,000 $412 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,958/month

8 Days on Market

Highlights

  • Property is near park
  • Laundry Room
  • 1-Story Property
  • Private Yard
  • 3 Car Garage

About This Home

As of May 2023

Great opportunity to live in one and rent the 2nd unit in a quiet Long Beach area. The front unit has 3 spacious bedrooms and 1 bathroom. The living room has a fireplace and windows that offer plenty of natural lighting. The kitchen opens to the dining area and exits to the backyard. The 2nd unit has 3 bedrooms with an optional 4th bedroom. The unit is currently being painted and has an updated full bathroom. There is a 3 car garage with a portion of it converted to a bonus room. Ample parking for both tenants. Property is located near public transportation, schools, and shopping.

Last Agent to Sell the Property

REBECCA MARTINEZ

RE/MAX MASTERS REALTY License #01194359 Listed on: 04/21/2023

RE/MAX MASTERS REALTY

Last Buyer's Agent

Tony Gonzales

Vista Sotheby’s International Realty License #01777814

Vista Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 6,162 Sq Ft Lot
  • 1 Common Wall
  • Private Yard
  • Garden
  • Front Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Three Garage Doors
  • Driveway

Home Design

  • Duplex
  • Entry on the 1st floor
  • Additions or Alterations
  • Composition Roof

Interior Spaces

  • 2,101 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near park

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 14703
  • Assessor Parcel Number 7303002044
  • $543 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,300
  • Trash Expense $1,500
  • Water Sewer Expense $3,100
  • Operating Expense $5,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 3100.00
  • Zoning: LBR1N
  • Property Condition: Additions/Alterations
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7303002044
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 411.71
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Park Nearby, Yard
  • Lot Size Sq Ft: 6162.00
  • Lot Size Acres: 0.1415

Multi Family

  • Average3 Bed Area: 1100 Square Feet
  • Insurance Expense: 1300.00
  • Lot Size Area: 6162.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Expenses: 5900.00

Tax Info

  • Tax Census Tract: 5704.04
  • Tax Lot: 29
  • Tax Tract Number: 14703
  • TaxOtherAnnualAssessmentAmount: 543.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2023
Closed on
May 3, 2023
Sold by
Fernandez Jose T and Fernandez Sonia E
Bought by
Torres Iliana Rubi and Torres Raul
Seller's Agent
REBECCA MARTINEZ
RE/MAX MASTERS REALTY
Buyer's Agent
Tony Gonzales
Vista Sotheby’s International Realty
List Price
$850,000
Sold Price
$865,000
Premium/Discount to List
$15,000
1.76%
Views
29
Current Estimated Value
$954,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,392
Avg. Annual Appreciation
3.80%
Original Mortgage
$692,000
Outstanding Balance
$672,512
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$281,880
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Torres Iliana Rubi $865,000 Lawyers Title Company
Torres Iliana Rubi -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Iliana Rubi $692,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2023 05/16/23 Sold $865,000 +1.8% $412 / Sq Ft
05/01/2023 05/01/23 For Sale $850,000 -1.7% $405 / Sq Ft
04/27/2023 04/27/23 Off Market $865,000 -- --
04/21/2023 04/21/23 For Sale $850,000 -- $405 / 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 $11,616 $899,946 $379,746 $520,200
2024 $11,616 $882,300 $372,300 $510,000
2023 $3,145 $208,595 $61,038 $147,557
2022 $2,975 $204,506 $59,842 $144,664
2021 $2,912 $200,497 $58,669 $141,828
2020 $2,904 $198,442 $58,068 $140,374
2019 $2,869 $194,552 $56,930 $137,622
2018 $2,699 $190,738 $55,814 $134,924
2016 $2,473 $183,334 $53,648 $129,686
2015 $2,379 $180,581 $52,843 $127,738
2014 $2,371 $177,044 $51,808 $125,236
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23064128

California Regional Multiple Listing Service (CRMLS)

APN: 7303-002-044