R
Seller's Agent in 2021
Ryder Cotton
eXp Realty of California Inc
754 Newport Ave Long Beach, CA 90804
Recreation Park NeighborhoodEstimated Value: $1,674,000 - $1,902,488
9
Beds
8
Baths
4,453
Sq Ft
$401/Sq Ft
Est. Value
Highlights
- Two Primary Bedrooms
- Open Floorplan
- Granite Countertops
- Woodrow Wilson High School Rated A
- Cathedral Ceiling
- Lawn
About This Home
As of March 2021Excellent opportunity to own a prime fourplex located in the desirable historic Rose Park district of Long Beach, close to Cal State Long Beach and a short hop to Recreation Golf Course, the Colorado Lagoon and Belmont Shore. This is a “Tenant magnet” building offering four townhouse units and for added privacy; private balcony/patio, inside laundry in each unit complete with washer and dryer, and two Master units with fireplaces. Two(2) 2BR/2BA units, One(1) mini-master with 2BR/2.5BA and fireplace and one(1) very large 3BR/2BA “owners” unit with an impressive stone FP; upstairs master bedroom and two of the bedrooms downstairs, ideal for a mom-in-law. This 3BR unit has recently been completely remodeled with new flooring, paint, granite countertops, vanities, lighting and so much more. Units A&B have updated flooring and Unit A has Quartz countertops. The total interior square footage is 4,453 making these units very LARGE and comfortable. Tenants pays gas & electric keeping Seller expenses low and minimal. This is an incredible asset, most especially at today’s interest rates, and is the epitome of everything that is great about multifamily investing in SoCal. As an investor, the location, the lifestyle, and the income this property generates are hard to ignore.
Last Agent to Sell the Property
Ryder Cotton
eXp Realty of California Inc License #02038044 Listed on: 01/13/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,393
Year Built
- Built in 1987
Lot Details
- 6,078 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
- Level Lot
- Lawn
- Density is up to 1 Unit/Acre
Parking
- 7 Car Garage
- Parking Available
- Single Garage Door
- Assigned Parking
Home Design
- Quadruplex
- Slab Foundation
- Interior Block Wall
- Composition Roof
Interior Spaces
- 4,453 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Cathedral Ceiling
- Ceiling Fan
- Double Pane Windows
- Living Room with Fireplace
- Neighborhood Views
Kitchen
- Gas Oven
- Dishwasher
- Granite Countertops
- Tile Countertops
- Disposal
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
- Double Master Bedroom
- 8 Bathrooms
Laundry
- Laundry Room
- Laundry on upper level
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Living Room Balcony
- Exterior Lighting
Utilities
- Cooling System Powered By Gas
- Cooling System Mounted To A Wall/Window
- Central Air
- Wall Furnace
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 11
- Tax Tract Number 2968
- Assessor Parcel Number 7258024012
Community Details
Overview
- 4 Units
- Eastside Subdivision
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $50
- Gardener Expense $600
- Insurance Expense $1,610
- Water Sewer Expense $2,445
- New Taxes Expense $16,800
- Operating Expense $21,505
- Gross Income $102,240
- Net Operating Income $80,734
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 25, 2022
Sold by
Bernabel Henry Armando and Bouzek David Joseph
Bought by
Bebo Zac Inc
Current Estimated Value
Purchase Details
Listed on
Jan 13, 2021
Closed on
Mar 19, 2021
Sold by
Cotton Cheryl and Cotton Nicholas
Bought by
Bernabel Henry Armando and Bouzek David Joseph
Seller's Agent
Ryder Cotton
eXp Realty of California Inc
Buyer's Agent
Vlad Rodov
West Shores Realty, Inc.
List Price
$1,479,000
Sold Price
$1,550,000
Premium/Discount to List
$71,000
4.8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.27%
Purchase Details
Closed on
Dec 4, 2019
Sold by
Cotton Nicholas and Cotton Cheryl
Bought by
Cotton Cheryl and Cotton Nicholas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$628,500
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 30, 2014
Sold by
Tidwell Robert D
Bought by
Cotton Nicholas and Cotton Cheryl
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$678,750
Interest Rate
4.16%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 28, 2011
Sold by
Brown Billie Marie
Bought by
The Billie Marie Brown Separate Property
Purchase Details
Closed on
Mar 12, 2007
Sold by
Bmb Properties Llc
Bought by
Brown Billie Marie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,500
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 24, 1998
Sold by
Alexander Cheryl N
Bought by
Brown Billie Marie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
7.17%
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bebo Zac Inc | -- | None Listed On Document | |
| Bernabel Henry Armando | $1,550,000 | Orange Coast Santa Ana | |
| Cotton Cheryl | -- | Accommodation | |
| Cotton Nicholas | -- | Ticor Title | |
| Cotton Nicholas | $905,000 | Ortc | |
| The Billie Marie Brown Separate Property | -- | None Available | |
| Brown Billie Marie | -- | Fidelity National Title | |
| Brown Billie Marie | $410,000 | Southland Title Corporation |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Cotton Cheryl | $936,000 | |
| Previous Owner | Cotton Nicholas | $628,500 | |
| Previous Owner | Cotton Nicholas | $678,750 | |
| Previous Owner | Brown Billie Marie | $499,500 | |
| Previous Owner | Brown Billie Marie | $328,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/31/2021 03/31/21 | Sold | $1,550,000 | +4.8% | $348 / Sq Ft |
| 01/13/2021 01/13/21 | For Sale | $1,479,000 | 0.0% | $332 / Sq Ft |
| 11/30/2018 11/30/18 | Rented | $2,595 | 0.0% | -- |
| 11/07/2018 11/07/18 | Price Changed | $2,595 | -7.2% | $2 / Sq Ft |
| 10/24/2018 10/24/18 | Price Changed | $2,795 | -6.7% | $2 / Sq Ft |
| 10/14/2018 10/14/18 | For Rent | $2,995 | -- | -- |
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 | $21,393 | $1,677,769 | $1,082,432 | $595,337 |
| 2024 | $21,393 | $1,644,872 | $1,061,208 | $583,664 |
| 2023 | $21,038 | $1,612,620 | $1,040,400 | $572,220 |
| 2022 | $19,745 | $1,581,000 | $1,020,000 | $561,000 |
| 2021 | $15,178 | $1,199,562 | $804,411 | $395,151 |
| 2020 | $15,138 | $1,187,263 | $796,163 | $391,100 |
| 2019 | $12,676 | $975,034 | $678,754 | $296,280 |
| 2018 | $12,282 | $955,917 | $665,446 | $290,471 |
| 2016 | $11,284 | $918,800 | $639,607 | $279,193 |
| 2015 | $10,835 | $905,000 | $630,000 | $275,000 |
| 2014 | $6,750 | $534,040 | $118,526 | $415,514 |
Source: Public Records
Agents Affiliated with this Home
-
-
Cheryl Cotton
C
Seller Co-Listing Agent in 2021
Cheryl Cotton
Y Realty
(562) 513-7800
1 in this area
9 Total Sales
-
Vlad Rodov
Buyer's Agent in 2021
Vlad Rodov
West Shores Realty, Inc.
(310) 720-3677
1 in this area
24 Total Sales
-
N
Seller's Agent in 2018
Nicholas Cotton
Keller Williams Coastal Prop.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20255103
APN: 7258-024-012
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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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