NOT LISTED FOR SALE

Estimated Value: $1,872,486 - $2,010,000

5 Beds
8 Baths
3,440 Sq Ft
$564/Sq Ft Est. Value

Last Sold October 14, 2021

Last sale price $1,575,000 $458 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $11,996/month

6 Days on Market

Highlights

  • 0.17 Acre Lot
  • Laundry Room
  • 1-Story Property
  • End Unit
  • Front Yard
  • 5-minute walk to Drake Park

About This Home

As of October 2021

8 Units in 4 one story buildings with 3,440 Square feet. Located at 740 Daisy Ave in Long Beach in highly desirable near Drake Park/ Wilmore Historic District. The 4 bungalow style building are spaced on a 7,532 Sq Ft lot. Unit mix is four (4) Studios, three (3) one-bedrooms, and one (1) two bedroom.
All units are separate gas and electric. Tenants have on site laundry with a large open surface area for parking. Plumbing is 100% copper,
# Units Description Rents/ month Total
3 Studio $895 $2,685
1 Studio $995 $995
2 1 Bed $11295 $2,390
1 1 Bed $1,395 $1,395
1 2 Bed $1,495 $1,495
Total $8,960

Last Agent to Sell the Property

LLoyd Anastasi

Anastasi Properties, Inc. License #00382510 Listed on: 07/26/2021

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 7,532 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • End Unit
  • Two or More Common Walls
  • Front Yard

Home Design

  • Property Attached

Interior Spaces

  • 3,440 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Outdoor Features

  • Exterior Lighting

Utilities

  • Private Water Source
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 1 / 152
  • Tax Tract Number 152
  • Assessor Parcel Number 7272017005

Community Details

Overview

  • 4 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $540
  • Insurance Expense $1,450
  • Maintenance Expense $1,500
  • Pest Control $840
  • Professional Management Expense $5,700
  • Water Sewer Expense $4,100
  • Operating Expense $13,640
  • Gross Income $107,520
  • Net Operating Income $93,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Professional Management Expense: 5700.00
  • Property Attached: Yes
  • Water Sewer Expenses: 4100.00
  • Zoning: LBPD10
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 540.00
  • Parcel Number: 7272017005
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls, End Unit
  • Levels: One
  • Price Per Square Foot: 457.85

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 840.00
  • Sewer: Sewer Paid
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size: 50 X 150
  • Lot Size Sq Ft: 7532.00
  • Lot Size Acres: 0.1729
  • Latitude Manual: 33.77609600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 107520.00
  • Gross Operating Income: 107520.00
  • Gross Scheduled Income: 107520.00
  • Insurance Expense: 1450.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 75.00
  • Lot Size Area: 7532.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 93300.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 8900.00
  • Rent Control: Yes
  • Total Actual Rent: 107520.00
  • Total Expenses: 13640.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Block: 152
  • Tax Census Tract: 5758.02
  • Tax Lot: 1
  • Tax Tract Number: 152

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2023
Sold by
Swire Jonathan S
Bought by
Jonathan S Swire Revocable Trust
Current Estimated Value
$1,941,243

Purchase Details

Closed on
Dec 22, 2016
Sold by
740 Daisy Llc
Bought by
Gibson Maria C and Gibson Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$885,000
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 8, 2016
Sold by
Murphy Mayer Alan and Murphy Mayer Marcela
Bought by
740 Daisy Llc

Purchase Details

Closed on
Aug 5, 2015
Sold by
Volk Properties Llc
Bought by
The Mayer Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 17, 2012
Sold by
Held Stacey R and Volk Joyce
Bought by
Volk Properties Llc

Purchase Details

Closed on
Sep 10, 2003
Sold by
Volk Joyce A
Bought by
Volk Joyce and Held Stacey R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
6.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 21, 2003
Sold by
Sklarew Jay A and Sklarew Victoria J
Bought by
Volk Joyce A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
6.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 3, 2003
Sold by
Yatzkan Bernstein Aviv and Yatzkan Bernstein Susan R
Bought by
Sklarew Jay A and Ross Sklarew Victoria

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
5.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 18, 2002
Sold by
Lanting Cornelia
Bought by
Bernstein Aviv and Yatzkan Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.37%

Purchase Details

Closed on
Dec 1, 1998
Sold by
Trust Baker Lawrence C Tr Lawrence C Bak
Bought by
Lanting Jerry J and Lanting Cornelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,500
Interest Rate
6.82%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jonathan S Swire Revocable Trust -- --
Gibson Maria C $1,300,000 Ticor Title
740 Daisy Llc -- Accommodation
The Mayer Family Trust $700,000 Ticor Title
Volk Properties Llc -- None Available
Volk Joyce -- Fidelity National Title
Volk Joyce A -- Fidelity National Title
Sklarew Jay A $485,000 Fidelity Natl Title Ins Co
Bernstein Aviv $280,000 --
Lanting Jerry J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gibson Maria C $885,000
Previous Owner The Mayer Family Trust $525,000
Previous Owner Volk Joyce $393,750
Previous Owner Sklarew Jay A $350,000
Previous Owner Bernstein Aviv $210,000
Previous Owner Lanting Jerry J $123,500
Closed Sklarew Jay A $31,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/14/2021 10/14/21 Sold $1,575,000 +6.8% $458 / Sq Ft
08/01/2021 08/01/21 Pending -- -- --
07/26/2021 07/26/21 For Sale $1,475,000 +13.5% $429 / Sq Ft
03/21/2017 03/21/17 Sold $1,300,000 0.0% $378 / Sq Ft View Prior Sale
06/03/2016 06/03/16 For Sale $1,300,000 -- $378 / 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 $22,753 $1,671,402 $1,061,208 $610,194
2024 $21,787 $1,638,630 $1,040,400 $598,230
2023 $21,410 $1,606,500 $1,020,000 $586,500
2022 $20,103 $1,575,000 $1,000,000 $575,000
2021 $17,907 $1,393,861 $975,703 $418,158
2020 $17,862 $1,379,570 $965,699 $413,871
2019 $17,651 $1,352,520 $946,764 $405,756
2018 $17,128 $1,326,000 $928,200 $397,800
2016 $9,133 $700,000 $490,000 $210,000
2015 $7,480 $573,748 $272,086 $301,662
2014 $7,467 $562,510 $266,757 $295,753
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21162915

California Regional Multiple Listing Service (CRMLS)

APN: 7272-017-005