761 Walnut Ave Long Beach, CA 90813
Hellman Neighborhood
5
Beds
3
Baths
3,072
Sq Ft
5,041
Sq Ft Lot
About This Home
As of November 2024Triplex located in prime Eastside location! 1920's construction. Large units with a great unit mix consisting of: 2- 2bedroom/1.5bath and 1- 1bedroom/1 bath. The 2 units in front building are townhouse style with kitchen/family room downstairs and bedrooms upstairs. 2 garages plus 3 driveway parking spaces plus plenty of street parking. Onsite laundry room can bring in additional income currently being used by only 1 tenant! Separately metered for gas and electric. Long term owner and longer term tenants which makes for HUGE upside in rents. All tenants are on month-month leases. Hurry triplexes like 761 Walnut rarely come on the market. This one won't last long!
Last Agent to Sell the Property
The Moore Group License #01926377 Listed on: 02/12/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,154
Year Built
- Built in 1924
Lot Details
- 5,041 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 3 Open Parking Spaces
- 2 Car Garage
Home Design
- 3,072 Sq Ft Home
- Quadruplex
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 161
- Tax Tract Number 5764
- Assessor Parcel Number 7267027029
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Water Sewer Expense $135
- Gross Income $43,500
- Net Operating Income $29,580
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 19, 2024
Closed on
Oct 9, 2024
Sold by
Zedaker Brandon T
Bought by
Soto Carla
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Jeffrey Isenberg
Buckingham Investments, Inc
List Price
$1,300,000
Sold Price
$1,175,000
Premium/Discount to List
-$125,000
-9.62%
Views
60
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,315
Avg. Annual Appreciation
-1.90%
Original Mortgage
$920,000
Outstanding Balance
$911,778
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$246,907
Purchase Details
Listed on
Jun 19, 2024
Closed on
Oct 1, 2024
Sold by
Ladd Family Trust and Ladd Terri L
Bought by
Ladd Terr L and Ladd Hobie D
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Jeffrey Isenberg
Buckingham Investments, Inc
List Price
$1,300,000
Sold Price
$1,175,000
Premium/Discount to List
-$125,000
-9.62%
Views
60
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Outstanding Balance
$911,778
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$246,907
Purchase Details
Listed on
Jun 19, 2024
Closed on
Sep 26, 2024
Sold by
Zedaker Beth L
Bought by
Zedaker Brandon T
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Jeffrey Isenberg
Buckingham Investments, Inc
List Price
$1,300,000
Sold Price
$1,175,000
Premium/Discount to List
-$125,000
-9.62%
Views
60
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Outstanding Balance
$911,778
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$246,907
Purchase Details
Listed on
Feb 12, 2018
Closed on
Jun 29, 2018
Sold by
Tong Donald and Tong Wendy
Bought by
Zedaker Brandon and Zedaker Beth
Seller's Agent
Kristina Moore
The Moore Group
Buyer's Agent
Sarah Veloz
Keller Williams Realty
List Price
$749,000
Sold Price
$760,000
Premium/Discount to List
$11,000
1.47%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.16%
Original Mortgage
$608,000
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 23, 2011
Sold by
Bradshaw Dennis Lee
Bought by
D W Family Trust
Purchase Details
Closed on
Aug 3, 2004
Sold by
Vanvalkenburg Don H and Vanvanvalkenburg Nancy Van
Bought by
Bradshaw Dennis Lee
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Similar Homes in the area
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,175,000 | Chicago Title Company | |
| Grant Deed | $1,175,000 | Chicago Title Company | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | Chicago Title Company | |
| Grant Deed | $760,000 | North American Title Company | |
| Interfamily Deed Transfer | -- | North American Title Company | |
| Trustee Deed | $314,000 | None Available | |
| Grant Deed | $549,500 | First Southwestern Title Com |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $920,000 | New Conventional | |
| Closed | $920,000 | New Conventional | |
| Previous Owner | $608,000 | New Conventional | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $439,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/13/2024 11/13/24 | Sold | $1,175,000 | -2.0% | $346 / Sq Ft |
| 08/30/2024 08/30/24 | Pending | -- | -- | -- |
| 08/13/2024 08/13/24 | Price Changed | $1,199,000 | -0.1% | $353 / Sq Ft |
| 07/12/2024 07/12/24 | Price Changed | $1,200,000 | -7.7% | $353 / Sq Ft |
| 06/19/2024 06/19/24 | For Sale | $1,300,000 | +71.1% | $383 / Sq Ft |
| 07/30/2018 07/30/18 | Sold | $760,000 | +1.5% | $247 / Sq Ft |
| 07/06/2018 07/06/18 | Pending | -- | -- | -- |
| 06/08/2018 06/08/18 | For Sale | $749,000 | 0.0% | $244 / Sq Ft |
| 05/29/2018 05/29/18 | Pending | -- | -- | -- |
| 05/11/2018 05/11/18 | Price Changed | $749,000 | -5.2% | $244 / Sq Ft |
| 04/09/2018 04/09/18 | For Sale | $790,000 | 0.0% | $257 / Sq Ft |
| 03/25/2018 03/25/18 | Pending | -- | -- | -- |
| 02/12/2018 02/12/18 | For Sale | $790,000 | -- | $257 / Sq Ft |
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 | $11,154 | $1,175,000 | $675,000 | $500,000 |
| 2024 | $11,154 | $831,168 | $579,631 | $251,537 |
| 2023 | $10,848 | $814,871 | $568,266 | $246,605 |
| 2022 | $10,188 | $798,894 | $557,124 | $241,770 |
| 2021 | $9,978 | $783,230 | $546,200 | $237,030 |
| 2020 | $9,952 | $775,200 | $540,600 | $234,600 |
| 2019 | $9,836 | $760,000 | $530,000 | $230,000 |
| 2018 | $5,026 | $371,569 | $258,973 | $112,596 |
| 2016 | $4,613 | $357,143 | $248,918 | $108,225 |
| 2015 | $4,436 | $351,780 | $245,180 | $106,600 |
| 2014 | $4,418 | $344,890 | $240,378 | $104,512 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
2 in this area
142 Total Sales
-
Buyer's Agent in 2024
Jeffrey Isenberg
Buckingham Investments, Inc
(310) 982-7055
2 in this area
17 Total Sales
-
Seller's Agent in 2018
Kristina Moore
The Moore Group
(714) 809-7608
27 Total Sales
-
Buyer's Agent in 2018
Sarah Veloz
Keller Williams Realty
(626) 379-8705
20 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW18028705
APN: 7267-027-029
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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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