NOT LISTED FOR SALE

Estimated Value: $1,220,000 - $1,344,712

2 Beds
1 Bath
3,376 Sq Ft
$386/Sq Ft Est. Value

Sale Details

Date Sold: March 3, 2021

Last sale price $1,115,445 $330 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $8,345 / mo

84 Days on Market

Highlights

  • Fishing
  • No HOA
  • Stacked Washer and Dryer
  • Long Beach Polytechnic High School Rated A
  • Bike Trail
  • Wall Furnace

About This Home

As of March 2021

Nicely renovated 4 unit apartment building. All units have been renovated. New roof (2019) and fresh paint and new facade. Just minutes to Shoreline Village, Shoreline Marina and Downtown Long Beach, Queen Mary.

Last Agent to Sell the Property

Marie Dannelley

Jeff Arcuri, Broker License #02092424 Listed on: 09/29/2020

Last Buyer's Agent

Michelle Scales

College Park Realty, Inc License #00952161

College Park Realty, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 4,405 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Side Facing Garage
  • Single Garage Door
  • Assigned Parking

Interior Spaces

  • 3,376 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Kitchen

  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 21
  • Tax Tract Number 5764
  • Assessor Parcel Number 7274024011

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Downtown Subdivision

Recreation

  • Fishing
  • Water Sports
  • Bike Trail

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $1,200
  • Trash Expense $1,350
  • Water Sewer Expense $1,430
  • New Taxes Expense $11,106
  • Operating Expense $15,587
  • Gross Income $76,800
  • Net Operating Income $58,909

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

4,405 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 5.24
  • Property Attached: No
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 1430.00
  • Zoning: LBR4N
  • Property Type: Residential Income
  • Parcel Number: 7274024011
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 330.40

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Side, Garage - Single Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Inside, Stackable
  • Sewer: Public Sewer
  • Trash Expense: 1350.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Fishing, Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4405.00
  • Lot Size Acres: 0.1011

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 76800.00
  • Gross Scheduled Income: 76800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 4405.0000 Square Feet
  • Net Operating Income: 58909.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 15587.00
  • Rent Control: No
  • Total Expenses: 15587.00

Tax Info

  • New Taxes Expense: 11106.00
  • Tax Census Tract: 5764.01
  • Tax Lot: 21
  • Tax Tract Number: 5764

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2016
Closed on
May 19, 2016
Sold by
Bought by
Seller's Agent
Tim Smith
Coldwell Banker Realty
Buyer's Agent
Adam Cutrell
TS Hotel Advisors Inc
List Price
$749,000
Sold Price
$735,000
Premium/Discount to List
-$14,000
-1.87%
Current Estimated Value
$1,301,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$566,678
Avg. Annual Appreciation
5.85%

Purchase Details

Closed on
May 31, 2013
Sold by
Bought by

Purchase Details

Closed on
May 3, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,700
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$591,500
Interest Rate
7.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 10, 2004
Sold by
Bought by

Purchase Details

Closed on
Dec 9, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,500
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 18, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
7.18%

Purchase Details

Closed on
Oct 7, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,500
Interest Rate
3.85%

Purchase Details

Closed on
Sep 13, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,500
Interest Rate
3.85%

Purchase Details

Closed on
Jul 20, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,500
Interest Rate
3.85%

Purchase Details

Closed on
Feb 8, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,750
Interest Rate
7.11%

Purchase Details

Closed on
Jan 23, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,750
Interest Rate
7.11%

Purchase Details

Closed on
Aug 17, 1994
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$735,000 American Title Company
-- None Available
$345,000 Ticor Title
$845,000 Old Republic Title Company
-- --
$655,000 Equity Title
$330,000 Equity Title Company
-- Continental Title
$145,000 Lawyers Title
$221,215 First American Title Ins Co
$185,000 Equity Title
$275,000 Equity Title
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $258,700
Previous Owner $591,500
Previous Owner $458,500
Previous Owner $264,000
Previous Owner $101,500
Previous Owner $233,750
Closed $66,000
Closed $100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/03/2021 03/03/21 Sold $1,115,445 -0.8% $330 / Sq Ft
12/22/2020 12/22/20 Pending -- -- --
10/01/2020 10/01/20 For Sale $1,125,000 0.0% $333 / Sq Ft
09/30/2020 09/30/20 Pending -- -- --
09/29/2020 09/29/20 For Sale $1,125,000 +53.1% $333 / Sq Ft
05/31/2016 05/31/16 Sold $735,000 -1.9% $218 / Sq Ft View Prior Sale
04/18/2016 04/18/16 Pending -- -- --
03/25/2016 03/25/16 For Sale $749,000 -- $222 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $16,262 $1,207,384 $784,762 $422,622
2024 $15,550 $1,183,711 $769,375 $414,336
2023 $15,288 $1,160,502 $754,290 $406,212
2022 $14,352 $1,137,748 $739,500 $398,248
2021 $10,350 $803,828 $557,759 $246,069
2020 $10,323 $795,586 $552,040 $243,546
2019 $21,833 $779,987 $541,216 $238,771
2018 $11,607 $764,694 $530,604 $234,090
2016 $5,829 $452,267 $313,720 $138,547
2015 $5,604 $445,474 $309,008 $136,466
2014 $5,582 $436,748 $302,955 $133,793
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20204376

California Regional Multiple Listing Service (CRMLS)

APN: 7274-024-011

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