$885,000
SOLD OCT 3, 2024
4 Beds
2 Baths
2,292 Sq Ft
2,453 Sq Ft Lot

Recently Sold

$386 Per Sq Ft

1% Below List Price

61 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • 2 Car Garage
  • Long Beach Polytechnic High School Rated A

About This Home

As of October 2024

This property is a prime investment opportunity in a sought-after neighborhood of Long Beach. Conveniently located near the 710, 405 and PCH, this can be a commuters dream home or investment. Nestled on a charming tree-lined street with ample parking and excellent curb appeal, it offers flexibility for renting out both units or enjoying one while generating income from the other. The upstairs unit features 2 bedrooms, one of which has a spacious walk-in closet and 1 bathroom. It showcases a lovely covered front porch, perfect for entertaining, grilling or enjoying that coastal breeze. It has been re-vamped with new engineered hardwood floors throughout the large living area. You’ll love how ample, roomy and bright the home feels. You can even add a third bedroom to generate more income to each unit since the living area is so spacious. The kitchen is gorgeous and conveniently features a separate laundry room and dining area. The downstairs unit, offers 2 bedrooms and 1 bathroom, a spacious living room and long term tenants. Both units have their own independent entrances and one car garage each with additional storage. Strategically located near shopping, entertainment, dining, fitness centers, and educational institutions, including Downtown Long Beach, this property is a fantastic income opportunity in an area poised for investment growth. Don't miss out on this gorgeous investment in a thriving community!

Last Agent to Sell the Property

Johanna Alvarez

Team Investors Realty Brokerage Phone: 562-334-7181 License #01844603 Listed on: 06/05/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,878

Year Built

  • Built in 1929

Lot Details

  • 2,453 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,292 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 30 / 1
  • Tax Tract Number 573
  • Assessor Parcel Number 7210003032
  • $470 per year additional tax assessments

Community Details

Overview

  • 2 Units
  • Poly High Subdivision

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • Operating Expense $3,000
  • Gross Income $54,000
  • Net Operating Income $52,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,878

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 442500
  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7210003032
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 386.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Near Public Transit
  • Lot Size Sq Ft: 2453.00
  • Lot Size Acres: 0.0563

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 54000.00
  • Gross Scheduled Income: 54000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 2453.0000 Square Feet
  • Net Operating Income: 52000.00
  • 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: 3000.00
  • Rent Control: Yes
  • Total Expenses: 3000.00

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 5732.02
  • Tax Lot: 30
  • Tax Tract Number: 573...
  • TaxOtherAnnualAssessmentAmount: 470.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2024
Closed on
Sep 23, 2024
Sold by
Kasting Gregg A
Bought by
Emerson Rungsikul E
Seller's Agent
Johanna Alvarez
Team Investors Realty
List Price
$895,000
Sold Price
$885,000
Premium/Discount to List
-$10,000
-1.12%
Views
58
Current Estimated Value
$889,292

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,292
Avg. Annual Appreciation
-0.41%
Original Mortgage
$600,000
Interest Rate
6.46%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 5, 2024
Closed on
Aug 9, 2024
Sold by
Meza Juan P
Bought by
Buddhamatya Napsia and Haile Rungsikul Emerson
Seller's Agent
Johanna Alvarez
Team Investors Realty
List Price
$895,000
Sold Price
$885,000
Premium/Discount to List
-$10,000
-1.12%
Views
58

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.46%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 17, 2021
Closed on
Jul 7, 2021
Sold by
Wang Ankiet
Bought by
Meza Juan P
Seller's Agent
Akiet wang
AW Real Estates
Buyer's Agent
Johanna Alvarez
Team Investors Realty
List Price
$749,000
Sold Price
$735,000
Premium/Discount to List
-$14,000
-1.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%
Original Mortgage
$721,687
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 23, 2018
Closed on
Sep 28, 2018
Sold by
Mckinney Tony D
Bought by
Wang Akiet
Seller's Agent
Katherine Candelaria
KC Realty Group
Buyer's Agent
Akiet Wang
AW Real Estates
List Price
$620,000
Sold Price
$595,000
Premium/Discount to List
-$25,000
-4.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.05%
Original Mortgage
$614,635
Interest Rate
4.6%
Mortgage Type
VA

Purchase Details

Listed on
Jun 26, 2014
Closed on
Dec 5, 2014
Sold by
Kgw Properties Llc
Bought by
Mckinney Tony D
Seller's Agent
Les Andre
Les Andre, Broker
Buyer's Agent
Rommel Agee
Agee Realty
List Price
$549,900
Sold Price
$450,000
Premium/Discount to List
-$99,900
-18.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.59%
Original Mortgage
$441,849
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 5, 2011
Sold by
Wirtz Kenrick G
Bought by
Kgw Properties Llc

Purchase Details

Closed on
Jan 28, 2011
Sold by
Deutsche Bank National Trust Company
Bought by
Wirtz Kenrick G

Purchase Details

Closed on
Apr 6, 2010
Sold by
Nelson Thomas M
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
May 19, 2005
Sold by
Angulo Juan
Bought by
Nelson Thomas M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 21, 2004
Sold by
Angulo Juan
Bought by
Angulo Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2002
Sold by
Arterberry Inc
Bought by
Angulo Juan Jose and Sanchez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,987
Interest Rate
6.78%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 29, 2001
Sold by
Thompson Lloyd
Bought by
Arterberry Inc

Purchase Details

Closed on
May 15, 2001
Sold by
Givens Jerry
Bought by
Thompson Lloyd

Purchase Details

Closed on
Jun 4, 1999
Sold by
Thompson Lloyd
Bought by
Givens Jerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,946
Interest Rate
6.84%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed -- Socal Title Company
Grant Deed $885,000 Socal Title Company
Grant Deed $735,000 Fidelity National Title
Grant Deed $595,000 Fidelity National Title
Grant Deed $450,000 North American Title Company
Grant Deed -- None Available
Grant Deed $268,000 Lsi Title Company
Trustee Deed $300,000 North American Title Company
Grant Deed $485,000 First American Title Company
Interfamily Deed Transfer -- Orange Coast Title Company
Grant Deed $195,000 Fidelity National Title
Grant Deed -- Fidelity Title
Trustee Deed $50,273 First American
Grant Deed $5,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $600,000 New Conventional
Previous Owner $721,687 FHA
Previous Owner $614,635 VA
Previous Owner $441,849 FHA
Previous Owner $388,000 Purchase Money Mortgage
Previous Owner $240,000 New Conventional
Previous Owner $191,987 FHA
Previous Owner $31,946 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2024 10/03/24 Sold $885,000 0.0% $386 / Sq Ft
07/23/2024 07/23/24 Price Changed $885,000 -1.1% $386 / Sq Ft
06/05/2024 06/05/24 For Sale $895,000 +21.8% $390 / Sq Ft
07/16/2021 07/16/21 Sold $735,000 -1.9% $321 / Sq Ft
06/08/2021 06/08/21 Pending -- -- --
05/17/2021 05/17/21 For Sale $749,000 +25.9% $327 / Sq Ft
10/25/2018 10/25/18 Sold $595,000 -0.7% $260 / Sq Ft
09/21/2018 09/21/18 Pending -- -- --
09/06/2018 09/06/18 Price Changed $599,000 -1.6% $261 / Sq Ft
08/08/2018 08/08/18 Price Changed $609,000 -1.8% $266 / Sq Ft
07/23/2018 07/23/18 For Sale $620,000 +37.8% $271 / Sq Ft
12/31/2014 12/31/14 Sold $450,000 -18.2% $196 / Sq Ft
12/22/2014 12/22/14 Pending -- -- --
06/26/2014 06/26/14 For Sale $549,900 -- $240 / 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 $9,878 $885,000 $535,000 $350,000
2024 $9,878 $764,694 $416,160 $348,534
2023 $9,712 $749,700 $408,000 $341,700
2022 $9,114 $735,000 $400,000 $335,000
2021 $7,649 $613,187 $206,113 $407,074
2020 $7,628 $606,900 $204,000 $402,900
2019 $7,554 $595,000 $200,000 $395,000
2018 $6,104 $475,318 $211,253 $264,065
2016 $5,606 $456,862 $203,050 $253,812
2015 $5,383 $450,000 $200,000 $250,000
2014 $3,517 $280,092 $156,768 $123,324
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24114669

California Regional Multiple Listing Service (CRMLS)

APN: 7210-003-032