NOT LISTED FOR SALE

Estimated Value: $1,240,000 - $1,783,014

5 Beds
3 Baths
2,966 Sq Ft
$507/Sq Ft Est. Value

Last Sold April 19, 2019

Last sale price $1,225,000 $413 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $9,330/month

16 Days on Market

Highlights

  • Midcentury Modern Architecture
  • Property is near public transit
  • Laundry Room
  • Woodrow Wilson High School Rated A
  • Wood Flooring
  • 2-minute walk to Rose Park

About This Home

As of April 2019

830 Temple Avenue is a 4-unit multifamily investment property located in Long Beach, one of the premiere housing markets in Southern California. The property is located within the highly sought-after Eastside neighborhood of the city. The area provides a strong, diverse tenant base, easy transportation access, and proximity to a wide range of retail options. The property also sits within two miles of California State University, Long Beach. Situated on a 5,204 sq ft lot, the 2,966 square foot property consists of one SFR two-bedroom one bath unit, one two-bedroom one bath unit, and two one bedroom one bath units. Built in 1956, the property offers amenities including fenced yard, 3 garages, and on-site laundry. The units have all been updated, hardwood floors, and all separately metered for gas and electricity. Perfect for FHA financing and any unit can be an owner unit and move-in ready.

Last Agent to Sell the Property

Christa Vessell

Coldwell Banker Commercial License #02058824 Listed on: 03/05/2019

Coldwell Banker Commercial

Co-Listed By

George Bustamante

Coldwell Banker Commercial License #01484265

Last Buyer's Agent

Justin Miller

Justin Miller, Broker License #01835290

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956 | Remodeled

Lot Details

  • 5,204 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 3 Car Garage

Home Design

  • 2,966 Sq Ft Home
  • Midcentury Modern Architecture
  • Property Attached

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Location

  • Property is near public transit
  • Urban Location

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 7258
  • Assessor Parcel Number 7258016018

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $24,324
  • Gross Income $89,520
  • Net Operating Income $62,510

Property Details

Home Type

Multi-Family

Year Built

Built in 1956 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • CapRate: 4.80
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Zoning: LBR2N
  • Architectural Style: Mid Century Modern
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7258016018
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Levels: Two
  • Price Per Square Foot: 413.01

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 5204.00
  • Lot Size Acres: 0.1195

Multi Family

  • Gross Income: 89520.00
  • Gross Multiplier: 14.50
  • Gross Scheduled Income: 89520.00
  • Lot Size Area: 5204.0000 Square Feet
  • Net Operating Income: 62510.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 24324.00
  • Rent Control: No
  • Total Expenses: 24324.00

Tax Info

  • Tax Census Tract: 5769.04
  • Tax Lot: 18
  • Tax Tract Number: 7258

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2019
Closed on
Apr 12, 2019
Sold by
830 Temple Ave Llc
Bought by
Michael R Wyss and Michael Melissa M Wyss Fmtr
Seller's Agent
Christa Vessell
Coldwell Banker Commercial
Buyer's Agent
Justin Miller
Justin Miller, Broker
List Price
$1,299,000
Sold Price
$1,225,000
Premium/Discount to List
-$74,000
-5.7%
Current Estimated Value
$1,502,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,754
Avg. Annual Appreciation
3.11%
Original Mortgage
$450,000
Outstanding Balance
$396,426
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$1,106,328

Purchase Details

Closed on
May 11, 2017
Sold by
Canavier Lisa
Bought by
830 Temple Llc

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
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 13, 2010
Sold by
Williams Barbara and Hartt Living Trust
Bought by
Canavier Lisa and Leroy A & Joyce E Hartt Family

Purchase Details

Closed on
May 12, 2000
Sold by
Hartt Leroy A and Hartt Joyce Elaine
Bought by
Hartt Leroy A and Hartt Joyce Elaine

Purchase Details

Closed on
Nov 22, 1999
Sold by
Valliere Louis J
Bought by
Valliere Janine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
7.72%

Purchase Details

Closed on
Nov 16, 1999
Sold by
Sklaren Bonnie C and Valliere Janine A
Bought by
Hartt Leroy A and Hartt Joyce E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
7.72%
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
Michael R Wyss $1,225,000 Ticor Title
830 Temple Llc $845,000 Ticor Title
Canavier Lisa -- None Available
Hartt Leroy A -- Fidelity Title
Valliere Janine A -- Fidelity Title
Hartt Leroy A $260,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Michael R Wyss $450,000
Previous Owner 830 Temple Llc $591,500
Previous Owner Hartt Leroy A $190,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2019 04/19/19 Sold $1,225,000 -5.7% $413 / Sq Ft
03/21/2019 03/21/19 Pending -- -- --
03/05/2019 03/05/19 For Sale $1,299,000 -- $438 / 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 $17,475 $1,366,506 $892,413 $474,093
2024 $17,475 $1,339,713 $874,915 $464,798
2023 $17,182 $1,313,445 $857,760 $455,685
2022 $16,126 $1,287,692 $840,942 $446,750
2021 $15,806 $1,262,444 $824,453 $437,991
2020 $15,766 $1,249,500 $816,000 $433,500
2019 $11,188 $861,900 $510,000 $351,900
2018 $10,850 $845,000 $500,000 $345,000
2016 $5,948 $463,418 $218,079 $245,339
2015 $5,718 $456,458 $214,804 $241,654
2014 $5,695 $447,518 $210,597 $236,921
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19049795

California Regional Multiple Listing Service (CRMLS)

APN: 7258-016-018