NOT LISTED FOR SALE

Estimated Value: $1,232,000 - $1,880,000

6 Beds
4 Baths
3,512 Sq Ft
$434/Sq Ft Est. Value

Last Sold November 05, 2020

Last sale price $1,278,000 $364 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $9,463/month

48 Days on Market

Highlights

  • Wood Flooring
  • Spanish Architecture
  • No HOA
  • Long Beach Polytechnic High School Rated A
  • High Ceiling
  • Neighborhood Views

About This Home

As of November 2020

Beautiful "Spanish style" impeccably maintained Asset!
With incredible design and architecture, this 1932 classic is a true ‘Pride Of Ownership’ building! Along with incredible curb appeal, every individual unit has impressive high ceilings, beautiful built-ins, original hardwood flooring, handcrafted stained glass windows, lovely grounds, onsite laundry and onsite garages/parking! Comprised of four large units - 2 two bedroom x 1 bathroom units & 2 one bedroom x 1 bathroom units. All units are large and have a nice open feel. Located in Downtown Long Beach just North of East village/Arts district, only short distance to everything that’s great about living in an urban environment… Minutes away from the Beach, The Pike, Restaurants, Shopping, Parks, Schools, Belmont Shores “2nd street” and much much more!!

Last Agent to Sell the Property

Cameron Jacques

Kinnery's Brokerage House License #01852032 Listed on: 08/25/2020

Last Buyer's Agent

Lingyu Liu

Douglas Elliman of California, Inc. License #02080999

Douglas Elliman of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1932

Lot Details

  • 5,002 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Stucco Fence
  • Rectangular Lot
  • Level Lot

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Spanish Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Spanish Tile Roof
  • Composition Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 3,512 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Living Room with Fireplace
  • Neighborhood Views
  • Laundry Room
  • Basement

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Separate Outdoor Workshop
  • Outdoor Storage
  • Rain Gutters

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 4 / 23
  • Tax Tract Number 11933
  • Assessor Parcel Number 7274021013

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Downtown Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Dog Park
  • Bike Trail

Building Details

  • 1 Leased Unit
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $29,572
  • Gross Income $88,940
  • Net Operating Income $59,368

Property Details

Home Type

Multi-Family

Year Built

Built in 1932

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 4.39
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Zoning: LBR4R
  • Architectural Style: Spanish
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7274021013
  • Year Built: 1932
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Copper Plumbing Full, High Ceilings
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 363.90
  • Room Type: Basement, Kitchen, Laundry, Living Room

Exterior Features

  • Foundation: Raised
  • Other Structures: Storage, Workshop
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Stucco Wall
  • Pool Private: No
  • Roof: Composition, Spanish Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Gutters, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot, Level
  • Lot Size: 100ft x 50ft
  • Lot Size Sq Ft: 5002.00
  • Lot Size Acres: 0.1148

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 756 Square Feet
  • Average2 Bed Area: 100 Square Feet
  • Gross Income: 88940.00
  • Gross Multiplier: 15.17
  • Gross Operating Income: 87161.00
  • Gross Scheduled Income: 88940.00
  • Lot Size Area: 5002.0000 Square Feet
  • Net Operating Income: 59368.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 29572.00
  • Rent Control: Yes
  • Total Actual Rent: 700.00
  • Total Expenses: 29572.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Block: 23
  • Tax Census Tract: 5763.02
  • Tax Lot: 4
  • Tax Tract Number: 11933

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2020
Closed on
Oct 26, 2020
Sold by
Aitken Patricia M
Bought by
Meliora Home Llc
Seller's Agent
Cameron Jacques
Kinnery's Brokerage House
Buyer's Agent
Lingyu Liu
Douglas Elliman of California, Inc.
List Price
$1,400,000
Sold Price
$1,278,000
Premium/Discount to List
-$122,000
-8.71%
Current Estimated Value
$1,524,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,816
Avg. Annual Appreciation
3.50%
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
Meliora Home Llc $1,278,000 Chicago Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2020 11/05/20 Sold $1,278,000 -5.3% $364 / Sq Ft
10/12/2020 10/12/20 Pending -- -- --
09/30/2020 09/30/20 Price Changed $1,350,000 -3.6% $384 / Sq Ft
08/25/2020 08/25/20 For Sale $1,400,000 -- $399 / 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 $17,688 $1,383,346 $898,418 $484,928
2024 $17,688 $1,356,222 $880,802 $475,420
2023 $17,390 $1,329,631 $863,532 $466,099
2022 $16,321 $1,303,560 $846,600 $456,960
2021 $15,994 $1,278,000 $830,000 $448,000
2019 $2,273 $131,934 $52,159 $79,775
2018 $2,155 $129,348 $51,137 $78,211
2016 $1,968 $124,327 $49,152 $75,175
2015 $1,903 $122,460 $48,414 $74,046
2014 $1,913 $120,062 $47,466 $72,596
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20173360

California Regional Multiple Listing Service (CRMLS)

APN: 7274-021-013