NOT LISTED FOR SALE

6968 Long Beach Blvd Long Beach, CA 90805

Starr King Neighborhood

Estimated Value: $1,083,000 - $1,234,000

8 Beds
5 Baths
3,350 Sq Ft
$351/Sq Ft Est. Value

Sale Details

Date Sold: January 27, 2017

Last sale price $790,000 $236 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $7,442 / mo

115 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • Wall Furnace
  • No HOA
  • Tile Flooring
  • Front Yard

About This Home

As of January 2017

4-unit multi-family community in a 2-story building built in 1965. One unit is downstair with 2 bed/1 bath, 2 units are upstair with 1 bed/1 bath, and another unit upstair with 4 bed/2 bath. There are 2 staircases for accessing the 2nd story building. All units are spacious and have newer vinyl windows, all tiled flooring, and remodeled bathrooms and kitchen. 6 total garage parking. Plus a separate laundry room with coin washer and dryer for tenant use. Downstair unit has a back and side yard area. There is also an alley in the back for access to garage parking. Great location near freeway 710, 91, 405, 605, and 105 access. Easy to manage. Excellent investment opportunity for all level of investors.

Last Agent to Sell the Property

Wayne Yau

Landmark Realty Group License #01374388 Listed on: 08/07/2016

Last Buyer's Agent

Wayne Yau

Landmark Realty Group License #01374388 Listed on: 08/07/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 5,175 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Property Attached

Interior Spaces

  • 3,350 Sq Ft Home
  • 2-Story Property
  • Tile Flooring
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 7304002007

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $540
  • Insurance Expense $1,300
  • Trash Expense $1,560
  • Water Sewer Expense $1,560
  • New Taxes Expense $10,000
  • Gross Income $4,950
  • Net Operating Income $44,308

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

5,175 Sq Ft Lot

Parking

6

Listing Details

  • CapRate: 5.50
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1560.00
  • Zoning: LBR3S
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7304002007
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 235.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Inside, Individual Room
  • Trash Expense: 1560.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Sq Ft: 5175.00
  • Price Per Lot Square Foot: 154.59

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 540.00
  • Gross Income: 4950.00
  • Gross Scheduled Income: 59400.00
  • Insurance Expense: 1300.00
  • Net Operating Income: 44308.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 15092.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 10000.00

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

Closed on
Nov 18, 2020
Sold by
Bought by
Current Estimated Value
$1,174,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,300
Interest Rate
0.028%
Mortgage Type
VA

Purchase Details

Listed on
Aug 7, 2016
Closed on
Jan 24, 2017
Sold by
Bought by
Seller's Agent
Wayne Yau
Landmark Realty Group
Buyer's Agent
Wayne Yau
Landmark Realty Group
List Price
$799,999
Sold Price
$790,000
Premium/Discount to List
-$9,999
-1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.27%
Original Mortgage
$790,000
Interest Rate
0.0416%
Mortgage Type
VA

Purchase Details

Listed on
Aug 7, 2016
Closed on
Dec 2, 2016
Sold by
Bought by
Seller's Agent
Wayne Yau
Landmark Realty Group
Buyer's Agent
Wayne Yau
Landmark Realty Group
List Price
$799,999
Sold Price
$790,000
Premium/Discount to List
-$9,999
-1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$790,000
Interest Rate
0.0416%
Mortgage Type
VA

Purchase Details

Closed on
Mar 10, 2016
Sold by
Bought by

Purchase Details

Closed on
Apr 21, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
0.0438%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2013
Sold by
Bought by

Purchase Details

Closed on
May 31, 2012
Sold by
Bought by

Purchase Details

Closed on
Aug 20, 2004
Sold by
Bought by

Purchase Details

Closed on
Oct 28, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
0.0588%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 10, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,600
Interest Rate
0.0582%

Purchase Details

Closed on
Nov 25, 2002
Sold by
Bought by

Purchase Details

Closed on
Jul 9, 2002
Sold by
Bought by

Purchase Details

Closed on
Jul 5, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,637
Interest Rate
0.0766%
Mortgage Type
FHA
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

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
-- Real Advantage Title Ins Co
-- Fidelity National Title
-- Fidelity National Title
-- None Available
-- Equity Title
-- None Available
-- None Available
-- None Available
-- --
$500,000 First American Title
$367,000 First Southwestern Title Co
-- First Southwestern Title Co
-- First American Title Ins Co
$320,025 First American Title Ins Co
$289,000 Continental Lawyers Title Co
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 $780,300
Closed $773,000
Closed $791,900
Previous Owner $790,000
Previous Owner $408,000
Previous Owner $200,000
Previous Owner $100,000
Previous Owner $17,900
Previous Owner $347,000
Previous Owner $350,000
Previous Owner $289,600
Previous Owner $25,000
Previous Owner $286,637
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
01/27/2017 01/27/17 Sold $790,000 -1.2% $236 / Sq Ft
08/07/2016 08/07/16 For Sale $799,999 -- $239 / 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 $12,496 $916,857 $348,173 $568,684
2024 $11,952 $898,881 $341,347 $557,534
2023 $11,762 $881,256 $334,654 $546,602
2022 $11,064 $863,978 $328,093 $535,885
2021 $10,846 $847,038 $321,660 $525,378
2020 $10,817 $838,353 $318,362 $519,991
2019 $10,770 $821,916 $312,120 $509,796
2018 $10,442 $805,800 $306,000 $499,800
2016 $7,579 $600,153 $285,784 $314,369
2015 $7,278 $591,139 $281,492 $309,647
2014 $6,929 $552,497 $351,589 $200,908
Source: Public Records

Agents Affiliated with this Home

  • Wayne Yau

    Seller's Agent in 2017

    Wayne Yau

    Landmark Realty Group

    (714) 920-3399

    12 Total Sales

    Wayne Yau
    Section Image
  • Everardo Gonzalez

    Buyer Co-Listing Agent in 2017

    Everardo Gonzalez

    VIP Realtors

    (310) 951-7068

    5 Total Sales

    Everardo Gonzalez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16173273

California Regional Multiple Listing Service (CRMLS)

APN: 7304-002-007

California Los Angeles County Long Beach 90805 Starr King

6968 Long Beach Blvd, Long Beach, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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