NOT LISTED FOR SALE

Estimated Value: $1,376,471 - $1,601,000

6 Beds
3 Baths
2,836 Sq Ft
$519/Sq Ft Est. Value

Last Sold October 31, 2023

Last sale price $1,400,000 $494 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $9,185/month

54 Days on Market

Highlights

  • 0.17 Acre Lot
  • Corner Lot
  • 1-Story Property
  • Long Beach Polytechnic High School Rated A
  • Laundry Room

About This Home

As of October 2023

Long Beach 4 plex just a few blocks from the beach!! Three separate buildings. Front house is a 3 bed 1 bath with a yard. Next two units are separate bldg... one has 2 bed 1 bath and the other is 1 bed 1 bath with shared gated entrance. Third bldg has separate gated entrance and is 2 bed 1 bath, Fully rented and well maintained.

Last Agent to Sell the Property

Bob Irish

Newport Realty License #01364068 Listed on: 08/05/2023

Last Buyer's Agent

Yvonne Regis

Khorr Realty License #01817942

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 7,364 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 2,836 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 22 / 50
  • Tax Tract Number 12345
  • Assessor Parcel Number 7281003017
  • $870 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 4 Units
  • Downtown Subdivision

Building Details

  • 4 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Operating Expense $20,340
  • Gross Income $114,000
  • Net Operating Income $93,660

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Zoning: LBPD30
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7281003017
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 493.65

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7364.00
  • Lot Size Acres: 0.1691

Multi Family

  • Gross Income: 114000.00
  • Gross Scheduled Income: 114000.00
  • Lot Size Area: 7364.0000 Square Feet
  • Net Operating Income: 93660.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 20340.00
  • Rent Control: No
  • Total Actual Rent: 9500.00
  • Total Expenses: 20340.00

Tax Info

  • Tax Block: 50
  • Tax Census Tract: 5762.00
  • Tax Lot: 22
  • Tax Tract Number: 12345
  • TaxOtherAnnualAssessmentAmount: 870.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2023
Closed on
Sep 29, 2023
Sold by
Alfieri Burt
Bought by
Rivas Fernando and Rivas Roxanne R
Seller's Agent
Bob Irish
Newport Realty
Buyer's Agent
Yvonne Regis
Khorr Realty
List Price
$1,400,000
Sold Price
$1,400,000
Views
297
Current Estimated Value
$1,472,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,618
Avg. Annual Appreciation
2.28%
Original Mortgage
$980,000
Outstanding Balance
$960,946
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$511,672

Purchase Details

Listed on
Aug 28, 2020
Closed on
Sep 18, 2020
Sold by
Boyd Edward Earl
Bought by
Alfieri Burt
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Andrew Gombiner
Gombiner & Company
List Price
$1,299,000
Sold Price
$1,440,000
Premium/Discount to List
$141,000
10.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.95%
Original Mortgage
$1,008,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2016
Sold by
Long Beach Trading Company Inc
Bought by
Boyd Edward Earl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2016
Sold by
Guesno Lawrence E and Guesno Carol
Bought by
Long Beach Trading Company Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2013
Sold by
Guesno Lawrence E
Bought by
Guesno Lawrence E and Guesno Carol

Purchase Details

Closed on
Jun 30, 2004
Sold by
Guesno Lawrence E and Guesno Carol
Bought by
Guesno Lawrence E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2001
Sold by
Greenberg Karen and The Trust Of Karen Greenberg
Bought by
Guesno Lawrence E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,500
Interest Rate
6.73%

Purchase Details

Closed on
Jan 20, 1995
Sold by
Greenberg Karen
Bought by
Greenberg Karen and Trust Of Karen Greenberg
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
Rivas Fernando $1,400,000 First American Title
Alfieri Burt $1,440,000 Stewart Title Of Ca Inc
Boyd Edward Earl $760,000 Old Republic Title
Long Beach Trading Company Inc -- Old Republic Title
Guesno Lawrence E -- None Available
Guesno Lawrence E -- Alliance Title
Guesno Lawrence E $305,500 --
Greenberg Karen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivas Fernando $980,000
Previous Owner Alfieri Burt $1,008,000
Previous Owner Boyd Edward Earl $570,000
Previous Owner Guesno Lawrence E $200,000
Previous Owner Guesno Lawrence E $274,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2023 10/31/23 Sold $1,400,000 0.0% $494 / Sq Ft
08/05/2023 08/05/23 For Sale $1,400,000 -2.8% $494 / Sq Ft
11/17/2020 11/17/20 Sold $1,440,000 +10.9% $508 / Sq Ft View Prior Sale
09/14/2020 09/14/20 Pending -- -- --
08/28/2020 08/28/20 For Sale $1,299,000 +70.9% $458 / Sq Ft
06/13/2016 06/13/16 Sold $760,000 -1.9% $268 / Sq Ft View Prior Sale
03/01/2016 03/01/16 Pending -- -- --
11/23/2015 11/23/15 For Sale $775,000 -- $273 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $18,279 $1,428,000 $928,200 $499,800
2024 $18,279 $1,400,000 $910,000 $490,000
2023 $19,536 $1,498,176 $977,976 $520,200
2022 $18,335 $1,468,800 $958,800 $510,000
2021 $17,978 $1,440,000 $940,000 $500,000
2020 $10,699 $822,646 $573,688 $248,958
2019 $10,575 $806,517 $562,440 $244,077
2018 $10,207 $790,704 $551,412 $239,292
2016 $5,135 $391,828 $212,141 $179,687
2015 $4,939 $385,943 $208,955 $176,988
2014 $4,925 $378,384 $204,862 $173,522
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP23145390

California Regional Multiple Listing Service (CRMLS)

APN: 7281-003-017