NOT LISTED FOR SALE

Estimated Value: $919,000 - $1,148,000

6 Beds
4 Baths
1,852 Sq Ft
$566/Sq Ft Est. Value

Last Sold March 20, 2019

Last sale price $675,000 $364 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $6,373/month

153 Days on Market

Highlights

  • Craftsman Architecture
  • Property is near a park
  • Neighborhood Views
  • Long Beach Polytechnic High School Rated A
  • Granite Countertops
  • Wood Frame Window

About This Home

As of March 2019

Craftsman Triplex! Minutes from the beautiful beach and thriving downtown area. Great for investors or home buyers looking to live in one and rent the others. This triplex offers an upstairs unit with a RARE 4 bedroom and 1.5 baths; this is a much sought after unit and super easy to rent. The two downstairs units each have 1 bed/1 bath. The interior of the property was fully renovated in 2015 with copper plumbing, new flooring throughout, granite counter tops, custom tile back splashes, updated bathrooms and new fixtures throughout. Drip sprinkler system on a timer installed in the front for easy maintenance. Long front driveway holds up to three cars with additional parking for at least three more cars in the large open fenced area at the rear of the property. Bottom units have security systems installed. This is a great investment opportunity with low maintenance and an upside in rents.

Last Agent to Sell the Property

Yusuf Rashid

Star Max Realty License #01309249 Listed on: 08/17/2018

Last Buyer's Agent

John Alden

Alden Pacific Investments, Inc. License #02114291

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,782

Year Built

  • Built in 1912

Lot Details

  • 4,006 Sq Ft Lot
  • 1 Common Wall
  • East Facing Home
  • Fenced
  • Fence is in average condition
  • Drip System Landscaping
  • Sprinklers on Timer
  • Front Yard

Home Design

  • Craftsman Architecture
  • Property Attached
  • Turnkey
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 1,852 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Frame Window
  • Living Room with Fireplace
  • Laminate Flooring
  • Neighborhood Views

Kitchen

  • Gas Cooktop
  • Granite Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Paved Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Standard Electricity
  • Water Heater

Additional Features

  • Accessible Parking
  • Property is near a park

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 4 / 3
  • Assessor Parcel Number 7274015033

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gardener Expense $600
  • Insurance Expense $1,500
  • Trash Expense $600
  • Water Sewer Expense $840
  • Operating Expense $3,540
  • Gross Income $51,600
  • Net Operating Income $48,060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,782

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Security System, Smoke Detector(s)
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: Yes
  • Water Sewer Expenses: 840.00
  • Zoning: LBR4R
  • Architectural Style: Craftsman
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7274015033
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Granite Counters
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Accessibility Features: Parking
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 364.47
  • Window Features: Wood Frames

Exterior Features

  • Direction Faces: East
  • Foundation: Raised
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Cooktop, Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Park Nearby, Sprinklers Drip System, Sprinklers Timer
  • Lot Size Sq Ft: 4006.00
  • Lot Size Acres: 0.0920

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 51600.00
  • Gross Scheduled Income: 51600.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 4006.0000 Square Feet
  • Net Operating Income: 48060.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 3540.00
  • Rent Control: No
  • Total Actual Rent: 3825.00
  • Total Expenses: 3540.00

Tax Info

  • Tax Block: 3
  • Tax Census Tract: 5763.02
  • Tax Lot: 4
  • Tax Tract: 11933

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2020
Sold by
Dorn Andrew I and Dorn Andrew
Bought by
Dorn Andrew I
Current Estimated Value
$1,048,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$697,524
Outstanding Balance
$619,243
Interest Rate
3.74%
Mortgage Type
VA
Estimated Equity
$429,090

Purchase Details

Listed on
Aug 17, 2018
Closed on
Mar 1, 2019
Sold by
Saiazar Rosa M
Bought by
Dorn Andrew
Seller's Agent
Yusuf Rashid
Star Max Realty
Buyer's Agent
John Alden
Alden Pacific Investments, Inc.
List Price
$729,000
Sold Price
$675,000
Premium/Discount to List
-$54,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.95%
Original Mortgage
$689,512
Interest Rate
4.4%
Mortgage Type
VA

Purchase Details

Listed on
Dec 23, 2014
Closed on
Dec 29, 2014
Sold by
Elmoro Holdings Llc
Bought by
Salazar Rosa M
Seller's Agent
Ryan Lusk
First Team Real Estate
Buyer's Agent
Joshua Fritz-Calboun
C-21 Astro
List Price
$489,000
Sold Price
$455,000
Premium/Discount to List
-$34,000
-6.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.00%
Original Mortgage
$446,758
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 10, 2014
Sold by
Spinnaker Holdings Inc
Bought by
Elmoro Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,200
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 27, 2014
Sold by
Goettel Klaus
Bought by
Spinnaker Holdings Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,200
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 30, 2013
Sold by
Zavala Ernesto
Bought by
Goettel Klaus

Purchase Details

Closed on
Sep 12, 2011
Sold by
Barker Kenneth D
Bought by
Barker Kenneth Duane and Kenneth Duane Barker Trust

Purchase Details

Closed on
Jun 23, 2011
Sold by
Goettel Klaus
Bought by
Enesto Zavala Reyna Zavala Veronica Sanc

Purchase Details

Closed on
Jul 15, 1996
Sold by
Superior Systems Engineering & Manufactu
Bought by
Goettel Klaus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
4.25%

Purchase Details

Closed on
May 31, 1995
Sold by
Hud
Bought by
Superior Systems Engineering & Manufactu

Purchase Details

Closed on
Nov 23, 1994
Sold by
Reineke Fredrick and Westlake Jennifer
Bought by
Norwest Mtg Inc

Purchase Details

Closed on
Nov 8, 1994
Sold by
Nicolella Louis J
Bought by
Hud
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
Dorn Andrew I -- Wfg National Title Co Of Ca
Dorn Andrew $675,000 Usa National Title Co Inc
Salazar Rosa M $455,000 Ticor Title
Elmoro Holdings Llc $266,500 Priority Title
Spinnaker Holdings Inc $230,000 Priority Title Company
Goettel Klaus -- None Available
Barker Kenneth Duane -- None Available
Barker Kenneth D -- None Available
Enesto Zavala Reyna Zavala Veronica Sanc -- None Available
Goettel Klaus -- South Coast Title Company
Superior Systems Engineering & Manufactu $78,000 California Counties Title Co
Norwest Mtg Inc $149,530 Stewart Title
Hud -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dorn Andrew I $697,524
Closed Dorn Andrew $689,512
Previous Owner Salazar Rosa M $446,758
Previous Owner Elmoro Holdings Llc $213,200
Previous Owner Goettel Klaus $96,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/20/2019 03/20/19 Sold $675,000 -7.4% $364 / Sq Ft
01/17/2019 01/17/19 Pending -- -- --
08/17/2018 08/17/18 For Sale $729,000 +60.2% $394 / Sq Ft
01/29/2015 01/29/15 Sold $455,000 -7.0% $246 / Sq Ft View Prior Sale
12/29/2014 12/29/14 Pending -- -- --
11/06/2014 11/06/14 For Sale $489,000 -- $264 / 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 $9,782 $752,971 $490,826 $262,145
2024 $9,782 $738,207 $481,202 $257,005
2023 $9,616 $723,733 $471,767 $251,966
2022 $9,030 $709,543 $462,517 $247,026
2021 $8,848 $695,632 $453,449 $242,183
2019 $6,486 $490,209 $344,764 $145,445
2018 $6,265 $480,598 $338,004 $142,594
2016 $5,766 $461,938 $324,880 $137,058
2015 $3,418 $266,500 $190,000 $76,500
2014 $8,518 $323,988 $229,927 $94,061
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR18198406

California Regional Multiple Listing Service (CRMLS)

APN: 7274-015-033