NOT LISTED FOR SALE

Estimated Value: $1,423,000 - $1,800,000

4 Beds
4 Baths
2,417 Sq Ft
$653/Sq Ft Est. Value

Last Sold October 19, 2020

Last sale price $1,245,000 $515 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $10,016/month

187 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Heating System Uses Natural Gas
  • Woodrow Wilson High School Rated A
  • Landscaped
  • 4-minute walk to Rose Park

About This Home

As of October 2020

***** Recent Price Reduction*****
Recently remodeled craftsman style 2 bedroom, one bath house located in front with three apartment units behind. This property is perfect for an owner looking for additional rental income. The kitchen has been professionally upgraded with an island counter and stainless steel appliances. Yet, it retains the classic feel with it's polished hardwood floors and classic bathroom tile. The house has it's own private back yard and separate one car garage plus additional parking. The house is completely set part from the rental units for privacy.

Seller has made arrangements for the house to be vacant as of October 31, 2020. Perfect for new owner to move in after escrow closing!

The units in back of the house have a separate entrance and two garages accessed by an alley. There are two one bedroom units and one studio apartment. A storage room and laundry room is also provided for the tenant's convenience.
***An application has been submitted to the City of Long Beach to obtain a permit and certificate of occupancy for an Accessory Dwelling Unit ("ADU") for the one car garage which has previously been converted. This should bring in at least $800 per month additional revenue if approved.

Last Agent to Sell the Property

Kurt Wood

Belmont Brokerage & Mgmt. INC. License #00452182 Listed on: 02/29/2020

Last Buyer's Agent

Jon Pugh

eXp Realty of California License #01409210

eXp Realty of California

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,202

Year Built

  • Built in 1939

Lot Details

  • 6,769 Sq Ft Lot
  • Landscaped
  • Front Yard
  • Property is zoned LBR2N

Parking

  • 2 Open Parking Spaces
  • 3 Car Garage

Interior Spaces

  • 2,417 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 18
  • Assessor Parcel Number 7262017011

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,202

Year Built

Built in 1939

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Eastside (ES)
  • View: No
  • Zoning: LBR2N
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 7262017011
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Price Per Square Foot: 515.10

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped
  • Lot Size Sq Ft: 6769.00
  • Lot Size Acres: 0.1554

Rental Info

  • Garage Rental Rate: 75.00
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Garage Income: 150.00
  • Gross Income: 5995.00
  • Gross Scheduled Income: 71940.00
  • Lot Size Area: 6769.0000 Square Feet
  • Net Operating Income: 39567.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 32373.00
  • Operating Expense Percent: 45.00
  • Rent Control: Yes
  • Total Actual Rent: 5790.00
  • Total Expenses: 32373.00

Tax Info

  • Tax Census Tract: 5769.04
  • Tax Lot: 18
  • Tax Tract Number: .

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 29, 2020
Closed on
Oct 9, 2020
Sold by
Webb Christopher R and Webb Sydni L
Bought by
Sirbaugh Dylan F and Reiss Sarah M
Seller's Agent
Kurt Wood
Belmont Brokerage & Mgmt. INC.
Buyer's Agent
Jon Pugh
eXp Realty of California
List Price
$1,245,000
Sold Price
$1,245,000
Current Estimated Value
$1,578,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$333,093
Avg. Annual Appreciation
3.86%
Original Mortgage
$1,222,449
Outstanding Balance
$1,092,206
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$405,180

Purchase Details

Closed on
Jun 8, 2016
Sold by
Webb Christopher R
Bought by
Chris & Sydni Webb Trust

Purchase Details

Closed on
Feb 1, 2007
Sold by
Webb Christopher and Webb Frank
Bought by
Webb Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2003
Sold by
Webb Lynn
Bought by
Webb Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,750
Interest Rate
3.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 25, 2003
Sold by
Crockett Laura and Crockett James
Bought by
Webb Christopher and Webb Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,750
Interest Rate
3.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 2002
Sold by
Buckley David S and Buckley Frances L
Bought by
Crockett James and Crockett Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,600
Interest Rate
5.5%
Source: Public Records

Range of Values:

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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
Sirbaugh Dylan F $1,245,000 Fidelity National Title Co
Chris & Sydni Webb Trust -- None Available
Webb Christopher -- Chicago Title
Webb Frank -- Fidelity National Title Ins
Webb Christopher $617,500 Fidelity National Title Ins
Crockett James $417,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sirbaugh Dylan F $1,222,449
Previous Owner Webb Christopher $572,289
Previous Owner Webb Christopher $608,000
Previous Owner Webb Christopher $100,000
Previous Owner Webb Christopher $60,000
Previous Owner Webb Christopher $555,750
Previous Owner Crockett James $333,600
Previous Owner Buckley David S $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2020 10/19/20 Sold $1,245,000 0.0% $515 / Sq Ft
10/02/2020 10/02/20 For Sale $1,245,000 0.0% $515 / Sq Ft
09/03/2020 09/03/20 Pending -- -- --
08/31/2020 08/31/20 Price Changed $1,245,000 -3.9% $515 / Sq Ft
07/27/2020 07/27/20 Price Changed $1,295,000 0.0% $536 / Sq Ft
07/27/2020 07/27/20 For Sale $1,295,000 +4.0% $536 / Sq Ft
07/07/2020 07/07/20 Pending -- -- --
07/01/2020 07/01/20 For Sale $1,245,000 0.0% $515 / Sq Ft
06/23/2020 06/23/20 Pending -- -- --
03/16/2020 03/16/20 Price Changed $1,245,000 0.0% $515 / Sq Ft
03/16/2020 03/16/20 For Sale $1,245,000 -3.9% $515 / Sq Ft
03/07/2020 03/07/20 Pending -- -- --
02/29/2020 02/29/20 For Sale $1,295,000 -- $536 / 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 $17,202 $1,347,626 $974,188 $373,438
2024 $17,202 $1,321,203 $955,087 $366,116
2023 $16,912 $1,295,298 $936,360 $358,938
2022 $15,871 $1,269,900 $918,000 $351,900
2021 $15,560 $1,245,000 $900,000 $345,000
2020 $10,365 $802,767 $364,007 $438,760
2019 $10,244 $787,027 $356,870 $430,157
2018 $9,946 $771,596 $349,873 $421,723
2016 $9,155 $741,636 $336,288 $405,348
2015 $8,791 $730,497 $331,237 $399,260
2014 $8,741 $716,189 $324,749 $391,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20044647

California Regional Multiple Listing Service (CRMLS)

APN: 7262-017-011