NOT LISTED FOR SALE

Estimated Value: $1,470,000 - $1,977,000

8 Beds
8 Baths
4,516 Sq Ft
$394/Sq Ft Est. Value

Last Sold February 08, 2021

Last sale price $1,300,000 $288 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $11,129/month

22 Days on Market

Highlights

  • 0.19 Acre Lot
  • Private Yard
  • Park
  • Corner Lot
  • No HOA
  • 3-minute walk to Drake Park

About This Home

As of February 2021

One of a kind investment opportunity in the historic Willmore District of Long Beach! This 8,253 square foot, over-sized corner lot is home to a two-story Victorian style 4 bedroom, 3.5 bath home (615 W. 8th Street) and Craftsman style triplex (803 Daisy) 2 bed, 2 bath and two 1 bed, 1 bath units. All units were rehabbed and upgraded in 2012-13. All units have inside laundry owner by seller and staying with property. Custom bright and cheery exterior paint colors were approved by the historic department for LB building and planning. The property on Daisy is surrounded by a quaint white picket fence. Between the two properties is a large common patio area. Front yards have lawns. Property on Daisy has balconies. No garage on the property, but there are 5 off-street parking spaces. Close to parks, freeways and schools.

Last Agent to Sell the Property

Tracy Sturm

Re/Max R. E. Specialists License #01045942 Listed on: 09/06/2020

Re/Max R. E. Specialists

Last Buyer's Agent

Haili

Haili Michaels License #01377389

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,138

Year Built

  • Built in 1914

Lot Details

  • 8,254 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Private Yard
  • Lawn
  • Front Yard

Parking

  • 5 Car Garage

Home Design

  • 4,516 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating
  • Wall Furnace
  • Sewer Paid

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 14 / J
  • Assessor Parcel Number 7271022043

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Willmore District Subdivision

Recreation

  • Park
  • Bike Trail

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $1,563
  • Maintenance Expense $6,000
  • Water Sewer Expense $2,800
  • Security Expense $600
  • New Taxes Expense $8,810
  • Operating Expense $11,683
  • Gross Income $101,640
  • Net Operating Income $89,957

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,138

Year Built

Built in 1914

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Surface Type: Alley Paved
  • Security Expense: 600.00
  • Subdivision Name Other: Willmore District (WM)
  • Water Sewer Expenses: 2800.00
  • Zoning: LBPD10
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7271022043
  • Year Built: 1914
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Three Or More
  • Price Per Square Foot: 287.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Park, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Lawn, Lot 6500-9999, Yard
  • Lot Size Sq Ft: 8254.00
  • Lot Size Acres: 0.1895

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 630 Square Feet
  • Average2 Bed Area: 1200 Square Feet
  • Average3 Bed Area: 1900 Square Feet
  • Gross Income: 101640.00
  • Gross Scheduled Income: 101640.00
  • Insurance Expense: 1563.00
  • Lot Size Area: 8254.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 89957.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 1
  • Number With Range: 4
  • Number With Refrigerator: 3
  • Operating Expense: 11683.00
  • Rent Control: Yes
  • Total Expenses: 11683.00

Tax Info

  • New Taxes Expense: 8810.00
  • Tax Block: J
  • Tax Census Tract: 5758.01
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2020
Sold by
Thiemens Paul Martin and Thiemens Bonnie K
Bought by
Thornton Shatonette Tishi
Current Estimated Value
$1,778,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,390,795
Interest Rate
2.6%
Mortgage Type
Construction

Purchase Details

Listed on
Apr 3, 2012
Closed on
May 8, 2012
Sold by
The Bank Of New York Mellon
Bought by
Thiemens Paul Martin and Theiemens Bonnie K
Seller's Agent
Geoff McIntosh
Coldwell Banker Realty
Buyer's Agent
Tracy Sturm
Re/Max R. E. Specialists
List Price
$479,900
Sold Price
$500,000
Premium/Discount to List
$20,100
4.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.62%
Original Mortgage
$375,000
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2010
Sold by
Ahmadi Shawn
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Jul 14, 2006
Sold by
Ahmadi Shawn
Bought by
Ahmadi Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$828,000
Interest Rate
1.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 11, 2006
Sold by
Ahmadi Wanda Albano
Bought by
Ahmadi Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$828,000
Interest Rate
1.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 26, 2005
Sold by
Shaw Dean Anthony and Stevens Shaw Donna B
Bought by
Ahmadi Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,800
Interest Rate
5.51%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 22, 2004
Sold by
Shaw Dean Anthony and Stevens Shaw Donna B
Bought by
Shaw Dean Anthony and Stevens Shaw Donna B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,700
Interest Rate
5.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2003
Sold by
Blomquist Timothy
Bought by
Shaw Dean Anthony and Stevens Donna B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,500
Interest Rate
5.83%

Purchase Details

Closed on
Sep 17, 1999
Sold by
Blomquist Tanya Jalil
Bought by
Blomquist Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,600
Interest Rate
8.09%

Purchase Details

Closed on
Sep 1, 1999
Sold by
Southern California Asset Acqusition Inc
Bought by
Blomquist Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,600
Interest Rate
8.09%

Purchase Details

Closed on
Jan 21, 1999
Sold by
Ward David and Ward John L
Bought by
Ward John L and Ward Robert L
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
Thornton Shatonette Tishi $1,300,000 Provident Title Company
Thiemens Paul Martin $500,000 Landsafe Title Simi Valley
The Bank Of New York Mellon $472,500 Landsafe
Ahmadi Shawn -- North American Title Co
Ahmadi Shawn -- North American Title Co
Ahmadi Shawn $912,000 Stewart Title Of Ca Inc
Shaw Dean Anthony -- North American Title Co
Shaw Dean Anthony $417,500 --
Shaw Dean Anthony $417,500 Fidelity
Blomquist Timothy -- First American Title
Blomquist Timothy -- First American Title Co
Ward John L -- First American Title Co
Ward David -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Thornton Shatonette Tishi $0
Previous Owner Thornton Shatonette Tishi $1,390,795
Previous Owner Thiemens Paul Martin $620,000
Previous Owner Thiemens Paul Martin $375,000
Previous Owner Ahmadi Shawn $828,000
Previous Owner Ahmadi Shawn $103,500
Previous Owner Ahmadi Shawn $170,800
Previous Owner Ahmadi Shawn $650,000
Previous Owner Shaw Dean Anthony $396,700
Previous Owner Shaw Dean Anthony $396,500
Previous Owner Blomquist Timothy $269,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2021 02/08/21 Sold $1,300,000 +0.1% $288 / Sq Ft
09/28/2020 09/28/20 Pending -- -- --
09/06/2020 09/06/20 For Sale $1,299,000 +159.8% $288 / Sq Ft
06/26/2012 06/26/12 Sold $500,000 +4.2% $111 / Sq Ft
04/16/2012 04/16/12 Pending -- -- --
04/03/2012 04/03/12 For Sale $479,900 -- $106 / 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 $18,138 $738,000 $480,000 $258,000
2024 $18,138 $1,379,569 $896,720 $482,849
2023 $17,836 $1,352,520 $879,138 $473,382
2022 $16,748 $1,326,000 $861,900 $464,100
2021 $8,935 $672,620 $470,835 $201,785
2020 $8,911 $665,724 $466,008 $199,716
2019 $8,809 $652,671 $456,871 $195,800
2018 $8,489 $639,874 $447,913 $191,961
2016 $6,817 $530,517 $371,363 $159,154
2015 $6,554 $522,549 $365,785 $156,764
2014 $6,526 $512,314 $358,620 $153,694
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20184474

California Regional Multiple Listing Service (CRMLS)

APN: 7271-022-043