NOT LISTED FOR SALE

Estimated Value: $1,082,000 - $1,444,000

4 Beds
3 Baths
1,534 Sq Ft
$802/Sq Ft Est. Value

Last Sold September 27, 2019

Last sale price $880,000 $574 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $7,436/month

118 Days on Market

Highlights

  • Golf Course Community
  • All Bedrooms Downstairs
  • Spanish Architecture
  • Fremont Elementary School Rated A
  • Wood Flooring
  • Park or Greenbelt View

About This Home

As of September 2019

Long Beach's best priced duplex located in the highly desired east side circle area just above Belmont Heights. This property is zoned LBR3S meaning you could also add a 3rd unit! The home is tucked away in a quiet area just off of 7th st. The 605, 405 and 22 freeways are a 5 min drive away. The property has had many updates including copper plumbing, Tankless water heaters and updated landscaping. The front home features 2 bedrooms and 1 bath with original hardwood floors & fresh paint. The back home has 2 bedrooms with 2 bathrooms, brand new flooring and a remodeled bathroom. The quiet backyard has lemon and orange trees and backs up to the Long Beach Greenbelt park with adorable walkways. Both units have had updated work to the furnaces and each home features their OWN inside laundry areas. Each home has access to their own one car garages and private entries as well. There is space for 2 extra cars on the long driveway that goes along the left side of the property, so you can park 4 cars easily. This duplex has great walkability to local restaurants, is only a 1.5 mile drive to the beach and it is situated right by Woodrow Wilson high school & Long Beach State. Recreation dog park is a block away in case you have furry friends to entertain. Don't miss one of Long Beaches best duplex's!

Last Agent to Sell the Property

Michelle Harding

Keller Williams Coastal Prop. License #01996454 Listed on: 04/10/2019

Keller Williams Coastal Prop.

Last Buyer's Agent

GEORGE MACIAS

M & M ASSOCIATES License #00624718

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950 | Remodeled

Lot Details

  • 4,219 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Detached Carport Space
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors

Property Views

  • Park or Greenbelt
  • Neighborhood

Home Design

  • Duplex
  • Spanish Architecture
  • Turnkey
  • Shingle Roof
  • Partial Copper Plumbing
  • Copper Plumbing

Interior Spaces

  • 1,534 Sq Ft Home
  • Ceiling Fan
  • Living Room

Kitchen

  • Gas Oven
  • Tile Countertops

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Homes

  • Two Homes on a Lot

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Natural Gas Connected
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 26942
  • Assessor Parcel Number 7241003018

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Trash Expense $400
  • Water Sewer Expense $1,000
  • New Taxes Expense $3,000
  • Operating Expense $1,400
  • Gross Income $50,200
  • Net Operating Income $50,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1950 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 5.00
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • View: Yes
  • Water Sewer Expenses: 1000.00
  • Zoning: LBR3S
  • Architectural Style: Spanish
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7241003018
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Full, Copper Plumbing Partial, Tile Counters
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 573.66
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Master Bedroom

Exterior Features

  • Other Structures: Two On A Lot
  • View: Neighborhood, Park/Greenbelt
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Detached Carport, Concrete, Garage Faces Front, Garage - Two Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Tankless Water Heater
  • Heating Type: Central
  • Laundry Features: Common Area, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 400.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Golf

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4219.00
  • Lot Size Acres: 0.0969

Multi Family

  • Average1 Bed Area: 250 Square Feet
  • Average2 Bed Area: 250 Square Feet
  • Average3 Bed Area: 250 Square Feet
  • Gross Income: 50200.00
  • Gross Scheduled Income: 51600.00
  • Lot Size Area: 4219.0000 Square Feet
  • Net Operating Income: 50200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 1400.00
  • Other Income Description: water bill split owner/tenant
  • Rent Control: No
  • Total Actual Rent: 4300.00
  • Total Expenses: 1400.00

Tax Info

  • New Taxes Expense: 3000.00
  • Tax Census Tract: 401001
  • Tax Lot: 29
  • Tax Tract Number: 26942

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2019
Closed on
Aug 9, 2019
Sold by
Freede Adam and Sholl Sandra
Bought by
Schneider Gypsy
Seller's Agent
Michelle Harding
Keller Williams Coastal Prop.
Buyer's Agent
GEORGE MACIAS
M & M ASSOCIATES
List Price
$880,000
Sold Price
$880,000
Current Estimated Value
$1,229,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$349,627
Avg. Annual Appreciation
5.48%
Original Mortgage
$864,061
Interest Rate
3.3%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 17, 2017
Closed on
Sep 6, 2017
Sold by
Allen John D A
Bought by
Freede Adam and Sholl Sandra
Seller's Agent
Ross Gagnon
Coldwell Banker Realty
Buyer's Agent
Michelle Harding
Keller Williams Coastal Prop.
List Price
$724,900
Sold Price
$757,000
Premium/Discount to List
$32,100
4.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.82%
Original Mortgage
$525,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2012
Sold by
Allen John D
Bought by
Allen John D A and Allen Heather R S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,750
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2002
Sold by
Allen John Daniel Staack
Bought by
Allen John Daniel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.87%

Purchase Details

Closed on
Sep 2, 1999
Sold by
Vaneimeren Mia B
Bought by
Vaneimeren Dean J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,800
Interest Rate
7.97%

Purchase Details

Closed on
Aug 25, 1999
Sold by
Vaneimeren James J
Bought by
Vaneimeren Dean J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,800
Interest Rate
7.97%

Purchase Details

Closed on
Aug 11, 1999
Sold by
Vaneimeren Dean J
Bought by
Allen John Daniel A and Allen John Daniel Staack

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,800
Interest Rate
7.97%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schneider Gypsy $880,000 Clearmark Title
Freede Adam $757,000 Ticor Title
Allen John D A -- First American Title Company
Allen John Daniel A -- Gateway Title Company
Vaneimeren Dean J -- Fidelity Title
Vaneimeren Dean J -- Fidelity Title
Allen John Daniel A $221,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schneider Gypsy $864,061
Previous Owner Freede Adam $525,000
Previous Owner Allen John D A $245,750
Previous Owner Allen John Daniel A $205,000
Previous Owner Allen John Daniel A $176,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2019 09/27/19 Sold $880,000 0.0% $574 / Sq Ft
08/06/2019 08/06/19 Pending -- -- --
04/10/2019 04/10/19 For Sale $880,000 +16.2% $574 / Sq Ft
09/26/2017 09/26/17 Sold $757,000 +4.4% $493 / Sq Ft View Prior Sale
08/25/2017 08/25/17 Pending -- -- --
08/17/2017 08/17/17 For Sale $724,900 -- $473 / 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 $12,158 $962,402 $546,820 $415,582
2024 $12,158 $943,533 $536,099 $407,434
2023 $11,955 $925,034 $525,588 $399,446
2022 $11,217 $906,897 $515,283 $391,614
2021 $11,001 $889,116 $505,180 $383,936
2019 $9,748 $772,140 $540,600 $231,540
2018 $9,469 $757,000 $530,000 $227,000
2016 $3,836 $312,780 $121,276 $191,504
2015 $3,684 $308,083 $119,455 $188,628
2014 $3,664 $302,050 $117,116 $184,934
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19080164

California Regional Multiple Listing Service (CRMLS)

APN: 7241-003-018