702 E 3rd St Long Beach, CA 90802
East Village Neighborhood
10
Beds
4
Baths
3,500
Sq Ft
2,503
Sq Ft Lot
About This Home
As of June 2023LOCATION LOCATION LOCATION: 702-708 E 3rd Street is a rarely available FOURPLEX in the Arts District of downtown Long Beach. This is an exceptional building with a desirable mix of fully occupied units - 2 THREE BEDROOM UNITS UPSTAIRS, 2 TWO BEDROOM UNITS DOWNSTAIRS. Fully rented, no rent control, this building is located a block away from Vons Supermarket and walking distance to the beach, restaurants, stores, wine bars, coffee places, and much more. This prime location makes this building always occupied with well qualified tenants. Recent upgrades to the property include new back staircase made from Trex installed 2014. Interiors are constantly being improved as needed to keep up with demands of tenants. Consistent rental income with annual gross rents of over $61,000. With downtown Long Beach being undergoing rapid transformation and constant improvement, this well situated 4-plex has the potential of previously unseen future appreciation for the new owner.
Last Agent to Sell the Property
Vista Sotheby's Int'l Realty License #01899929 Listed on: 02/01/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,177
Year Built
- Built in 1919
Lot Details
- 2,503 Sq Ft Lot
- No Common Walls
Interior Spaces
- 3,500 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 4 Bathrooms
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, trash collection
- Tax Lot 4
- Tax Tract Number 5762
- Assessor Parcel Number 7281013001
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 $600
- Gardener Expense $600
- Insurance Expense $1,200
- Maintenance Expense $6,000
- Professional Management Expense $2,700
- Water Sewer Expense $300
- New Taxes Expense $8,000
- Gross Income $5,175
- Net Operating Income $40,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 23, 2023
Closed on
Jun 27, 2023
Sold by
Niazi Fatima
Bought by
Niazi Faizan
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Sam Alherech
Buckingham Investments, Inc
List Price
$1,325,000
Sold Price
$1,300,000
Premium/Discount to List
-$25,000
-1.89%
Views
141
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,865
Avg. Annual Appreciation
3.76%
Original Mortgage
$975,000
Outstanding Balance
$951,773
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$452,092
Purchase Details
Listed on
Mar 23, 2023
Closed on
May 15, 2023
Sold by
Chieng Family Trust
Bought by
Niazi Faizan and Raja Payeman
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Sam Alherech
Buckingham Investments, Inc
List Price
$1,325,000
Sold Price
$1,300,000
Premium/Discount to List
-$25,000
-1.89%
Views
141
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Outstanding Balance
$951,773
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$452,092
Purchase Details
Listed on
Feb 1, 2016
Closed on
Mar 22, 2016
Sold by
Chieng Chieh N
Bought by
Chieng Family Trust
Seller's Agent
Nancy Deprez
Vista Sotheby's Int'l Realty
Buyer's Agent
Fred Macias
Realty One Group West
List Price
$849,000
Sold Price
$799,000
Premium/Discount to List
-$50,000
-5.89%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%
Original Mortgage
$599,000
Interest Rate
3.72%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 1, 2016
Closed on
Feb 3, 2016
Sold by
Well Run Properties Llc
Bought by
Chieng Chieh N and Leung Alvina Y
Seller's Agent
Nancy Deprez
Vista Sotheby's Int'l Realty
Buyer's Agent
Fred Macias
Realty One Group West
List Price
$849,000
Sold Price
$799,000
Premium/Discount to List
-$50,000
-5.89%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$599,000
Interest Rate
3.72%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 16, 2012
Closed on
Apr 1, 2013
Sold by
Rupley Katherine
Bought by
Well Run Properties Llc
Seller's Agent
Carl Mitrak
WINDERMERE DESERT PROPERTIES
Buyer's Agent
Nancy Deprez
Vista Sotheby's Int'l Realty
List Price
$639,000
Sold Price
$635,000
Premium/Discount to List
-$4,000
-0.63%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%
Purchase Details
Listed on
Nov 16, 2012
Closed on
Jan 23, 2013
Sold by
Deprez Nancy S
Bought by
Deprez Johan
Seller's Agent
Carl Mitrak
WINDERMERE DESERT PROPERTIES
Buyer's Agent
Nancy Deprez
Vista Sotheby's Int'l Realty
List Price
$639,000
Sold Price
$635,000
Premium/Discount to List
-$4,000
-0.63%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,250
Interest Rate
3.29%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 16, 2012
Closed on
Jan 14, 2013
Sold by
Feldman Bradley E
Bought by
Rupley Katherine and Shea Colleen
Seller's Agent
Carl Mitrak
WINDERMERE DESERT PROPERTIES
Buyer's Agent
Nancy Deprez
Vista Sotheby's Int'l Realty
List Price
$639,000
Sold Price
$635,000
Premium/Discount to List
-$4,000
-0.63%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,250
Interest Rate
3.29%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 19, 2010
Sold by
The Bank Of New York Mellon
Bought by
Feldman Bradley E and Feldman Gloria J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,500
Interest Rate
4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 14, 2009
Sold by
Powell Tim Roger
Bought by
The Bank Of New York Mellon and The Bank Of New York
Purchase Details
Closed on
Aug 1, 2005
Sold by
Madsen Phillip A
Bought by
Powell Tim Roger
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,500
Interest Rate
5.61%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jun 30, 2003
Sold by
Cutrell Inc
Bought by
Madsen Phillip A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,200
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 19, 2003
Sold by
Madsen Annette M
Bought by
Madsen Phillip A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,200
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 23, 2002
Sold by
Ross Jamaica
Bought by
Cutrell Adam K and Cutrell Annmarie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,200
Interest Rate
7.8%
Purchase Details
Closed on
May 8, 2002
Sold by
Hud
Bought by
Ross Jamaica
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.86%
Purchase Details
Closed on
Feb 12, 2002
Sold by
Homeside Lending Inc
Bought by
Hud
Purchase Details
Closed on
Oct 31, 2001
Sold by
Figuerola Humberto
Bought by
Homeside Lending Inc
Purchase Details
Closed on
Jul 14, 1999
Sold by
Pacificor Properties Inc
Bought by
Rodriguez Pedro
Purchase Details
Closed on
Apr 1, 1999
Sold by
Rodriguez Pedro
Bought by
Pacificor Properties Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,020
Interest Rate
7.4%
Mortgage Type
FHA
Purchase Details
Closed on
Sep 2, 1997
Sold by
Klarik Lawrence
Bought by
Rodriguez Pedro
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
7.54%
Purchase Details
Closed on
May 26, 1994
Sold by
Paul Charles
Bought by
Klarik Lawrence and Snk Investments
Purchase Details
Closed on
Mar 2, 1994
Sold by
Snk Investments
Bought by
Paul Charles
Purchase Details
Closed on
Aug 13, 1993
Sold by
Paul Charles S
Bought by
Snk Enterprises
Similar Homes in Long Beach, CA
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Chicago Title | |
| Deed | -- | Chicago Title | |
| Grant Deed | $1,300,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $799,000 | Title365 | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Title365 | |
| Interfamily Deed Transfer | -- | Title365 | |
| Interfamily Deed Transfer | -- | Title365 | |
| Grant Deed | $635,000 | Title365 | |
| Grant Deed | $462,000 | Landsafe Title Of Ca Inc | |
| Trustee Deed | $435,200 | Landsafe Title | |
| Grant Deed | $875,000 | First American Title Ins Co | |
| Grant Deed | $599,000 | Lawyers Title | |
| Quit Claim Deed | -- | Lawyers Title | |
| Interfamily Deed Transfer | -- | Lawyers Title | |
| Grant Deed | $369,000 | Landsafe Title | |
| Grant Deed | $249,000 | Stewart Title | |
| Grant Deed | $318,638 | First American Title Co | |
| Trustee Deed | $318,638 | First American Title Ins Co | |
| Gift Deed | -- | First Southwestern Title Co | |
| Grant Deed | -- | First Southwestern Title Co | |
| Grant Deed | $298,000 | First Southwestern Title | |
| Grant Deed | $150,000 | North American Title Co | |
| Gift Deed | -- | -- | |
| Grant Deed | -- | -- | |
| Grant Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $975,000 | New Conventional | |
| Previous Owner | $545,000 | New Conventional | |
| Previous Owner | $599,000 | New Conventional | |
| Previous Owner | $476,250 | New Conventional | |
| Previous Owner | $345,500 | New Conventional | |
| Previous Owner | $137,500 | Credit Line Revolving | |
| Previous Owner | $650,000 | Negative Amortization | |
| Previous Owner | $479,200 | Purchase Money Mortgage | |
| Previous Owner | $295,200 | No Value Available | |
| Previous Owner | $216,000 | No Value Available | |
| Previous Owner | $296,020 | FHA | |
| Previous Owner | $132,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2023 06/30/23 | Sold | $1,300,000 | -1.9% | $398 / Sq Ft |
| 05/01/2023 05/01/23 | Pending | -- | -- | -- |
| 03/23/2023 03/23/23 | For Sale | $1,325,000 | +65.8% | $406 / Sq Ft |
| 03/22/2016 03/22/16 | Sold | $799,000 | -5.9% | $228 / Sq Ft |
| 02/13/2016 02/13/16 | Pending | -- | -- | -- |
| 09/15/2015 09/15/15 | For Sale | $849,000 | +33.7% | $243 / Sq Ft |
| 02/14/2013 02/14/13 | Sold | $635,000 | -0.6% | $195 / Sq Ft |
| 01/08/2013 01/08/13 | Pending | -- | -- | -- |
| 11/16/2012 11/16/12 | For Sale | $639,000 | -- | $196 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $19,177 | $1,352,520 | $832,320 | $520,200 |
| 2024 | $19,177 | $1,326,000 | $816,000 | $510,000 |
| 2023 | $13,939 | $909,120 | $591,669 | $317,451 |
| 2022 | $13,121 | $891,295 | $580,068 | $311,227 |
| 2021 | $12,466 | $873,820 | $568,695 | $305,125 |
| 2019 | $12,230 | $848,204 | $551,828 | $296,376 |
| 2018 | $11,908 | $831,579 | $541,008 | $290,571 |
| 2016 | $9,367 | $660,547 | $457,703 | $202,844 |
| 2015 | $9,008 | $650,626 | $450,828 | $199,798 |
| 2014 | $8,932 | $637,882 | $441,997 | $195,885 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2023
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
2 in this area
144 Total Sales
-
Buyer's Agent in 2023
Sam Alherech
Buckingham Investments, Inc
(347) 517-6790
2 in this area
21 Total Sales
-
Seller's Agent in 2016
Nancy Deprez
Vista Sotheby's Int'l Realty
(310) 739-8272
2 in this area
146 Total Sales
-
Buyer's Agent in 2016
Fred Macias
Realty One Group West
(714) 342-9995
36 Total Sales
-
Buyer Co-Listing Agent in 2016
Tracy Garra
Tracy Garra, Broker
(949) 274-2583
1 Total Sale
-
Seller's Agent in 2013
Carl Mitrak
WINDERMERE DESERT PROPERTIES
(760) 773-9687
21 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW15203944
APN: 7281-013-001
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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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