$515,000
SOLD JUN 14, 2021
2 Beds
2 Baths
1,048 Sq Ft
3,337 Sq Ft Lot

Recently Sold

$491 Per Sq Ft

3% Below List Price

192 Days on Market

About This Home

As of June 2021

Located in East Village Arts District, Downtown Long Beach. Close proximity to shopping, transportation, museums and minutes away form Ocean Blvd. Units feature subway tiled countertop and backsplash, small dining area, private patio, energy efficient windows, upgraded electrical, copper plumbing and rod-iron fence. Potential to live in one unit and possible rental income from the other units. There is a large enclosed private backyard. The added backyard space provides the potential to add 2nd Bedrooms to each of the units to generate higher income. Buyer to do their due diligence and check city requirements, verify square footage and, confirm accuracy of all records and information.

Last Agent to Sell the Property

Mary Ann Lawson

Mary Ann Lawson Realtor Group License #01972514 Listed on: 10/16/2020

Mary Ann Lawson Realtor Group

Last Buyer's Agent

Mastaneh Kucheki

Flyhomes License #02019159

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,113

Year Built

  • Built in 1921

Lot Details

  • 3,337 Sq Ft Lot
  • End Unit
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • On-Street Parking

Home Design

  • 1,048 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 5764
  • Assessor Parcel Number 7274024010

Community Details

Overview

  • 2 Units
  • Alamitos Beach Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $325
  • Water Sewer Expense $1,233
  • Operating Expense $1,858
  • Gross Income $29,772
  • Net Operating Income $27,914

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,113

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 1233.00
  • Zoning: LBR4N
  • Property Type: Residential Income
  • Parcel Number: 7274024010
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, End Unit
  • Price Per Square Foot: 491.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 325.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3337.00
  • Lot Size Acres: 0.0766

Multi Family

  • Gross Income: 29772.00
  • Gross Scheduled Income: 29772.00
  • Lot Size Area: 3337.0000 Square Feet
  • Net Operating Income: 27914.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1858.00
  • Rent Control: No
  • Total Expenses: 1858.00

Tax Info

  • Tax Census Tract: 5764.01
  • Tax Lot: 21
  • Tax Tract Number: 5764.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2020
Closed on
May 3, 2021
Sold by
Matai Shaun
Bought by
Kistner Kelly and Antal Brent
Seller's Agent
Mary Ann Lawson
Mary Ann Lawson Realtor Group
Buyer's Agent
Mastaneh Kucheki
Flyhomes
List Price
$529,000
Sold Price
$515,000
Premium/Discount to List
-$14,000
-2.65%
Current Estimated Value
$636,304

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,304
Avg. Annual Appreciation
4.98%
Original Mortgage
$485,850
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 11, 2013
Closed on
May 13, 2014
Sold by
Sanchez Edward M
Bought by
Matai Shaun
Seller's Agent
Phoebe Choong
CMF Real Estate Capital Group
Buyer's Agent
Phoebe Choong
CMF Real Estate Capital Group
List Price
$327,000
Sold Price
$300,000
Premium/Discount to List
-$27,000
-8.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.97%
Original Mortgage
$294,566
Interest Rate
3.3%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 2, 2002
Sold by
Berklas James P and Souza Anthony P
Bought by
Sanchez Edward M

Purchase Details

Closed on
Oct 10, 1996
Sold by
Yeagley Charles W and Souza Diana C
Bought by
Berklas James P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,500
Interest Rate
8.23%

Purchase Details

Closed on
Aug 16, 1996
Sold by
Gwillam Oakley B
Bought by
Yeagley Anthony W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,500
Interest Rate
8.23%

Purchase Details

Closed on
Jul 15, 1996
Sold by
Yeagley Gloriana
Bought by
Yeagley Charles W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,500
Interest Rate
8.23%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $515,000 California Title Company
Grant Deed $300,000 First American Title
Grant Deed $120,000 North American Title Co
Gift Deed -- First American
Grant Deed $55,000 North American Title Co
Interfamily Deed Transfer -- North American Title Co
Interfamily Deed Transfer -- North American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $445,000 New Conventional
Closed $485,850 FHA
Previous Owner $279,999 Stand Alone Refi Refinance Of Original Loan
Previous Owner $294,566 FHA
Previous Owner $38,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2021 06/14/21 Sold $515,000 -2.6% $491 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
10/16/2020 10/16/20 For Sale $529,000 +76.3% $505 / Sq Ft
05/30/2014 05/30/14 Sold $300,000 -8.3% $224 / Sq Ft
04/23/2014 04/23/14 Pending -- -- --
12/11/2013 12/11/13 For Sale $327,000 -- $244 / 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
2024 $7,113 $546,521 $355,504 $191,017
2023 $6,990 $535,806 $348,534 $187,272
2022 $6,562 $525,300 $341,700 $183,600
2021 $4,427 $339,746 $237,823 $101,923
2020 $4,415 $336,263 $235,385 $100,878
2019 $4,364 $329,670 $230,770 $98,900
2018 $4,200 $323,207 $226,246 $96,961
2016 $3,867 $310,658 $217,461 $93,197
2015 $3,714 $305,993 $214,195 $91,798
2014 $1,896 $141,765 $47,253 $94,512
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20215842

California Regional Multiple Listing Service (CRMLS)

APN: 7274-024-010