NOT LISTED FOR SALE

Estimated Value: $1,048,518

4 Beds
2 Baths
1,729 Sq Ft
$606/Sq Ft Est. Value

Last Sold September 04, 2015

Last sale price $425,000 $246 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $6,544/month

55 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Fireplace in Bathroom
  • No HOA
  • Woodrow Wilson High School Rated A
  • Private Yard
  • Two Homes on a Lot

About This Home

As of September 2015

Rarely on the Market.. Mixed Use. Great Investment opportunity! 3 detached units. Front store, 541 sf retail with 1/2 bath, with 2 parking spaces.
Could be Nail Salon, Accounting, Office, Tattoo shop....., Large 2 bedroom, 1 bath, second unit, separate dining room from the kitchen. Well kept, spacious. l bedroom, l bath, 3rd unit. Detached garage with long, gated drive way, can park up to 4 cars, large back yard with lots of fruit trees. Great area and perfect for Investor or Owner occupant. With a residential/commercial lot size of 6517 sf, there is opportunity to build new or repair existing structures. Check with City of Long Beach to see what you can build. Third Unit with kitchen built on the side has no Permit, CASH ONLY.
PRICE RIGHT FOR QUICK SALE

Last Agent to Sell the Property

Kim Do

Realty One Group West License #00916027 Listed on: 07/03/2015

Last Buyer's Agent

Victor Palacios

Star Realty of Southern California License #00816840

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,552

Year Built

  • Built in 1920

Lot Details

  • 6,517 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Private Yard
  • Back Yard
  • Value in Land

Parking

  • 2 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • Property Attached
  • Additions or Alterations
  • Cosmetic Repairs Needed
  • Fixer Upper
  • Raised Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Plaster

Interior Spaces

  • 1,729 Sq Ft Home
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Tile Flooring

Kitchen

  • Built-In Range
  • Ceramic Countertops
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Homes

  • Two Homes on a Lot

Utilities

  • Floor Furnace
  • Underground Utilities

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, grounds care, HVAC maintenance, repairs
  • Tax Lot 28
  • Tax Tract Number 60375
  • Assessor Parcel Number 7258011028

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $150
  • Insurance Expense $100
  • Trash Expense $100
  • Water Sewer Expense $100
  • New Taxes Expense $5,640
  • Gross Income $2,800
  • Net Operating Income $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,552

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: 951-834-6962
  • Other Phone Number: 951-834-6962
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 100.00
  • Zoning: LBCNR
  • Property Condition: Additions/Alterations, Fixer, Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 7258011028
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceramic Counters
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Fireplace Features: Bath, Dining Room, Kitchen, Living Room
  • Levels: One
  • Price Per Square Foot: 245.81
  • Room Type: All Bedrooms Down, Main Floor Bedroom

Exterior Features

  • Foundation: Raised
  • Other Structures: Two On A Lot
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Drywall Walls, Plaster

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Available, Sewer Available, Phone Connected, Underground Utilities
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range
  • Electric: Electricity - On Property
  • Heating Type: Floor Furnace
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Back Yard, Value In Land, Yard
  • Lot Size Sq Ft: 6517.00
  • Price Per Lot Square Foot: 65.21
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Grounds Care, HVAC Maintenance, Repairs

Multi Family

  • Average2 Bed Area: 888
  • Average3 Bed Area: 700
  • Average Studio Area: 541
  • Electric Expense: 150.00
  • Gross Income: 2800.00
  • Gross Scheduled Income: 2800.00
  • Insurance Expense: 100.00
  • Lot Size Area: 6517.0000 Square Feet
  • Net Operating Income: 2400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 400.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5640.00
  • Tax Lot: 28
  • Tax Tract Number: 060375

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2021
Sold by
Palacios Victor M
Bought by
Palacios Victor M
Current Estimated Value
$1,048,518

Purchase Details

Closed on
Jul 22, 2020
Sold by
Wineke Janice
Bought by
Palacios Victor M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$795,328
Interest Rate
3.1%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 3, 2015
Closed on
Aug 28, 2015
Sold by
Trinh Quyen My and The Quyen My Trinh Family Trus
Bought by
Wineke Janice
Seller's Agent
Kim Do
Realty One Group West
Buyer's Agent
Victor Palacios
Star Realty of Southern California
List Price
$470,000
Sold Price
$425,000
Premium/Discount to List
-$45,000
-9.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.35%
Original Mortgage
$450,000
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 13, 2010
Sold by
Trinh Xieu My and Trinh Quyen My
Bought by
Trinh Xieu My and The Xieu My Trinh Family Trust

Purchase Details

Closed on
Aug 6, 2010
Sold by
Trinh Quyen My and Trinh Xieu My
Bought by
Trinh Quyen My and The Quyen My Trinh Family Trus

Purchase Details

Closed on
Jan 8, 1997
Sold by
Ammirato Thomas and Ammirato Vincent S
Bought by
Trinh Quyen My and Trinh Xieu My
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
Palacios Victor M -- Provident Title
Palacios Victor M $810,000 Ticor Title Insurance
Wineke Janice $425,000 Lawyers Title Company
Trinh Xieu My -- None Available
Trinh Quyen My -- None Available
Trinh Quyen My -- None Available
Trinh Quyen My $126,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palacios Victor M $795,328
Previous Owner Wineke Janice $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2015 09/04/15 Sold $425,000 -9.6% $246 / Sq Ft
08/20/2015 08/20/15 Pending -- -- --
06/26/2015 06/26/15 For Sale $470,000 -- $272 / 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 $11,552 $876,769 $584,513 $292,256
2024 $11,552 $859,578 $573,052 $286,526
2023 $11,352 $842,724 $561,816 $280,908
2022 $10,663 $826,200 $550,800 $275,400
2021 $10,448 $810,000 $540,000 $270,000
2020 $6,321 $460,031 $351,789 $108,242
2019 $6,247 $451,012 $344,892 $106,120
2018 $5,990 $442,170 $338,130 $104,040
2016 $5,523 $425,000 $325,000 $100,000
2015 $2,521 $170,735 $130,088 $40,647
2014 $2,506 $167,391 $127,540 $39,851
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15139033

California Regional Multiple Listing Service (CRMLS)

APN: 7258-011-028