NOT LISTED FOR SALE

Estimated Value: $772,000 - $1,893,000

3 Beds
3 Baths
2,040 Sq Ft
$572/Sq Ft Est. Value

Last Sold October 31, 2018

Last sale price $685,000 $336 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $6,943/month

97 Days on Market

Highlights

  • No HOA
  • 3 Car Attached Garage
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Cooling Available

About This Home

As of October 2018

This Long Beach Spanish stucco triplex offers investors or owner-occupiers an exceptional value-added opportunity! With a newer roof, section 1 termite clearance, and a massive front yard, future owners are well on their way. With some polish and imagination, this property can yield an impressive cap rate and can become an asset to hold in one’s portfolio or re-sell for a handsome profit. The portion of the lot that is currently under-utilized can be re-configured so that the property has the neighborhood’s most sought-after amenity: off-street parking! The two upstairs 1/1 units have bright bathroom skylights, balconies, cozy kitchens with granite countertops, dinning areas, ceiling fans, windows throughout, and period-correct arched windows in the living room. These can easily accommodate a 40%-50% rent increase from current gross income. The first floor 1/1 unit can also accommodate a reasonable 25% to 35% increase after a modest amount of value-add improvements. All units have a dedicated 1 car garage with an additional 2 off-street spots on the parking pad behind the building. This property is listed below the sale price of DUPLEXES recently sold on the same trees-lined street/block… Don’t miss this opportunity! ...all of this in a great location about 8 blocks from the beach!

Last Agent to Sell the Property

Manny Alvarez

Coldwell Banker Platinum Prop License #01928900 Listed on: 06/10/2018

Coldwell Banker Platinum Prop

Last Buyer's Agent

Manny Alvarez

Coldwell Banker Platinum Prop License #01928900 Listed on: 06/10/2018

Coldwell Banker Platinum Prop

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,905 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Attached Garage

Home Design

  • Triplex

Interior Spaces

  • 2,040 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Urban Location
  • Cooling Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 2983
  • Assessor Parcel Number 7267016017

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Inclusions: all fixtures and appliances
  • Property Attached: No
  • Subdivision Name Other: Rose Gardens
  • View: No
  • Zoning: LBR2N
  • Property Sub Type: Triplex
  • Property Type: Residential
  • Parcel Number: 7267016017
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2040.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 335.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5905.00

Multi Family

  • Lease Considered: No
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 5764.03
  • Tax Lot: 5
  • Tax Tract Number: 2983

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2020
Sold by
Gallyon Charles and Gallyon Nicholas
Bought by
Gallyon Nicholas
Current Estimated Value
$1,166,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Outstanding Balance
$528,586
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$638,248

Purchase Details

Closed on
Jul 13, 2020
Sold by
Gallyon Andrea Bottaro
Bought by
Gallyon Nicholas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Outstanding Balance
$528,586
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$638,248

Purchase Details

Listed on
Jun 10, 2018
Closed on
Oct 11, 2018
Sold by
Bottaro Gallyon Andrea and Bottaro Gallyon Andrea
Bought by
Gallyon Nicholas
Seller's Agent
Manny Alvarez
Coldwell Banker Platinum Prop
Buyer's Agent
Manny Alvarez
Coldwell Banker Platinum Prop
List Price
$725,000
Sold Price
$685,000
Premium/Discount to List
-$40,000
-5.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.78%
Original Mortgage
$479,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 10, 2018
Closed on
Oct 2, 2018
Sold by
Tran Loung Tu and Loung Thinh
Bought by
Gallyon Charles and Gallyon Christy
Seller's Agent
Manny Alvarez
Coldwell Banker Platinum Prop
Buyer's Agent
Manny Alvarez
Coldwell Banker Platinum Prop
List Price
$725,000
Sold Price
$685,000
Premium/Discount to List
-$40,000
-5.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2015
Sold by
Tran Luong Tu
Bought by
Tran Luong Trust

Purchase Details

Closed on
Jan 6, 2010
Sold by
Ocwen Reo Trust
Bought by
Tran Luong T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2009
Sold by
Sakai Yuki
Bought by
Ocwen Reo Trust

Purchase Details

Closed on
Feb 5, 2009
Sold by
826 Rose Trust
Bought by
Lee Sang H

Purchase Details

Closed on
Aug 5, 2008
Sold by
Sakai Yukio
Bought by
826 Rose Trust

Purchase Details

Closed on
Oct 27, 2006
Sold by
Blumsack William B and Schneiderman Zachary
Bought by
Sakai Yukio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 2005
Sold by
Corona Gwendolyn
Bought by
Perennial Investments and Empire Acquisitions

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 28, 2005
Sold by
Perennial Investments
Bought by
Blumsack William B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 14, 2005
Sold by
Stupak Paul Thomas and The Paul Thomas Stupak Trust
Bought by
Corona Gwendolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$406,300
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 8, 1996
Sold by
Stupak Paul T
Bought by
Stupak Paul Thomas and Paul Thomas Stupak Trust
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

Date Buyer Sale Price Title Company
Gallyon Nicholas -- American Coast Title
Gallyon Nicholas -- American Coast Title
Gallyon Nicholas -- Corinthian Title Company
Gallyon Charles $685,000 Corinthian Title Company
Tran Luong Trust -- None Available
Tran Luong T $295,500 Lsi Title Agency
Ocwen Reo Trust $325,500 Accommodation
Lee Sang H -- None Available
826 Rose Trust -- None Available
Sakai Yukio $850,000 Oct La
Perennial Investments -- Fidelity National Title Co
Blumsack William B $650,000 Fidelity National Title Co
Corona Gwendolyn $425,000 Fidelity National Title
Stupak Paul Thomas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallyon Nicholas $595,000
Closed Gallyon Charles $479,500
Previous Owner Tran Luong T $150,000
Previous Owner Sakai Yukio $170,000
Previous Owner Sakai Yukio $680,000
Previous Owner Blumsack William B $455,000
Previous Owner Corona Gwendolyn $406,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2018 10/31/18 Sold $685,000 0.0% $336 / Sq Ft
10/31/2018 10/31/18 Sold $685,000 -5.5% $336 / Sq Ft View Prior Sale
09/15/2018 09/15/18 Pending -- -- --
09/15/2018 09/15/18 Pending -- -- --
06/10/2018 06/10/18 For Sale $725,000 +1.4% $355 / Sq Ft
05/14/2018 05/14/18 For Sale $715,000 -- $350 / 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 $9,965 $764,126 $535,447 $228,679
2024 $9,965 $749,145 $524,949 $224,196
2023 $10,591 $798,341 $546,111 $252,230
2022 $9,946 $782,688 $535,403 $247,285
2021 $9,016 $705,938 $494,672 $211,266
2019 $8,888 $685,000 $480,000 $205,000
2018 $4,535 $335,225 $238,234 $96,991
2016 $4,172 $322,210 $228,984 $93,226
2015 $4,011 $317,371 $225,545 $91,826
2014 $3,998 $311,155 $221,127 $90,028
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18137976

California Regional Multiple Listing Service (CRMLS)

APN: 7267-016-017