NOT LISTED FOR SALE

Estimated Value: $1,113,000 - $1,367,000

7 Beds
6 Baths
3,225 Sq Ft
$386/Sq Ft Est. Value

Last Sold August 24, 2018

Last sale price $860,000 $267 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $7,929/month

100 Days on Market

Highlights

  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • 5-minute walk to Craftsman Village Park

About This Home

As of August 2018

Property is on the accessible street 7 blocks straight to the beach, Convention Center, Grand Prix racing track, in the area of potential rental market, the front house consists 3 bedrooms & 2 baths, the rear duplex is 1992 built with 2 bed.-2 bat., hovering above 7 access parking spaces. House is convenient to
downtown, shopping, schools and transportation.

Last Agent to Sell the Property

Jim Suos

First American Team Realty Inc License #01240200 Listed on: 03/20/2018

Last Buyer's Agent

Patricia Conejos

Berkshire Hathaway HomeServices California Properties License #01294186

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,413

Year Built

  • Built in 1916

Lot Details

  • 5,606 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 3,225 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities, electricity, gas, telephone, trash collection
  • Tax Lot 19
  • Tax Tract Number 9
  • Assessor Parcel Number 7274023026

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $540
  • Insurance Expense $750
  • Water Sewer Expense $2,700
  • Operating Expense $4,215
  • Gross Income $56,400
  • Net Operating Income $52,185

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,413

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Other Phone Description: 562-884-0892
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 2700.00
  • Zoning: LBR4N
  • Property Type: Residential Income
  • Parcel Number: 7274023026
  • Year Built: 1916
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 266.67

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5606.00

Rental Info

  • Tenant Pays: All Utilities, Electricity, Gas, Telephone, Trash Collection

Multi Family

  • Electric Expense: 540.00
  • Gross Income: 56400.00
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 750.00
  • Net Operating Income: 52185.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 4215.00
  • Rent Control: No
  • Total Expenses: 4215.00

Tax Info

  • Tax Census Tract: 5764.01
  • Tax Lot: 19
  • Tax Tract Number: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2024
Sold by
Ignacio Ricardo R and Ignacio Grace
Bought by
Cionagi Living Trust and Ignacio
Current Estimated Value
$1,244,850

Purchase Details

Listed on
Mar 20, 2018
Closed on
Aug 15, 2018
Sold by
Lam Zuan and Lam Xuan Ba
Bought by
Grace Ignacio Ricardo R and Grace Ignocio
Seller's Agent
Jim Suos
First American Team Realty Inc
Buyer's Agent
Patricia Conejos
Berkshire Hathaway HomeServices California Properties
List Price
$868,000
Sold Price
$860,000
Premium/Discount to List
-$8,000
-0.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.49%
Original Mortgage
$645,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2003
Sold by
Vann Khim
Bought by
Lam Xuan Ba

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
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
Cionagi Living Trust -- None Listed On Document
Grace Ignacio Ricardo R $860,000 Ticor Title Company
Lam Xuan Ba -- Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grace Ignacio Ricardo R $645,000
Previous Owner Lam Xuan Ba $315,000
Previous Owner Lam Xuan Ba $210,000
Previous Owner Lam Xuan Ba $176,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2018 08/24/18 Sold $860,000 -0.9% $267 / Sq Ft
06/28/2018 06/28/18 Pending -- -- --
03/20/2018 03/20/18 For Sale $868,000 -- $269 / 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
2024 $12,413 $940,532 $656,186 $284,346
2023 $12,206 $922,091 $643,320 $278,771
2022 $11,463 $904,011 $630,706 $273,305
2021 $11,229 $886,287 $618,340 $267,947
2020 $11,199 $877,200 $612,000 $265,200
2019 $11,069 $860,000 $600,000 $260,000
2018 $5,156 $381,212 $157,149 $224,063
2016 $4,731 $366,411 $151,048 $215,363
2015 $4,550 $360,909 $148,780 $212,129
2014 $4,531 $353,840 $145,866 $207,974
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18065553

California Regional Multiple Listing Service (CRMLS)

APN: 7274-023-026