NOT LISTED FOR SALE

Estimated Value: $1,503,000 - $1,777,000

8 Beds
4 Baths
3,551 Sq Ft
$467/Sq Ft Est. Value

Sale Details

Date Sold: March 13, 2023

Last sale price $1,500,000 $422 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $10,865 / mo

6 Days on Market

About This Home

As of March 2023

We are pleased to present this fully renovated 4 unit property in one of the more sought after submarkets of Long Beach. Located a 5-iron from the Long Beach Rec Golf Course and just south of the traffic circle. A new owner can benefit from quality renovated units, market rents, and long term appreciation potential. Fully occupied and will be delivered fully occupied. No showings. Only subject to accepted offer.

Last Agent to Sell the Property

Jonathan Weir

Marcus & Millichap License #02038545 Listed on: 01/26/2023

Last Buyer's Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 5,852

Parking

  • 1 Car Garage

Interior Spaces

  • 3,551 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • 5,852 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7254-019-010

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

5,852 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3551
  • Lot Acreage: 0.1343
  • Stories: 1
  • Year Built: 1965
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 4.00
  • Equipment: Refrigerator
  • Price Per S Q F T: 422.42

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage - 1 Car
  • Total Parking: 2

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 29.76
  • Assessed Improvement Value: 458782
  • Assessed Land Percent: 70.24
  • Assessed Land Value: 1082708
  • Total Assessed Value: 1541490
  • Assessor Parcel Number: 7254-019-010
  • Lot Size Area: 5852

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 14.05
  • Number Of Units: 4
  • Type Of Units: standard
  • Vacancy Allow Percent: 3.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 7, 2024
Sold by
Bought by
Current Estimated Value
$1,659,164

Purchase Details

Listed on
Jan 26, 2023
Closed on
Mar 1, 2023
Sold by
Bought by
Seller's Agent
Jonathan Weir
Marcus & Millichap
Buyer's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
List Price
$1,500,000
Sold Price
$1,500,000
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.98%
Original Mortgage
$900,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 26, 2023
Closed on
Feb 7, 2023
Sold by
Bought by
Seller's Agent
Jonathan Weir
Marcus & Millichap
Buyer's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
List Price
$1,500,000
Sold Price
$1,500,000
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2017
Sold by
Bought by

Purchase Details

Listed on
Sep 1, 2016
Closed on
Sep 26, 2016
Sold by
Bought by
Seller's Agent
Stewart Baxter
Compass
Buyer's Agent
John Chelius
Property Works RE, Inc.
List Price
$1,099,000
Sold Price
$1,050,000
Premium/Discount to List
-$49,000
-4.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.78%

Purchase Details

Closed on
Aug 1, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
7.05%

Purchase Details

Closed on
Sep 27, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Recreation Park, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- None Listed On Document
$1,500,000 Ticor Title
$1,409,500 None Available
$1,050,000 First American Title Company
$425,000 North American Title Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $900,000
Previous Owner $455,000
Previous Owner $382,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/13/2023 03/13/23 Sold $1,500,000 0.0% $422 / Sq Ft
02/01/2023 02/01/23 Pending -- -- --
01/26/2023 01/26/23 For Sale $1,500,000 +42.9% $422 / Sq Ft
11/01/2016 11/01/16 Sold $1,050,000 -4.5% $296 / Sq Ft View Prior Sale
09/21/2016 09/21/16 Pending -- -- --
09/01/2016 09/01/16 For Sale $1,099,000 -- $309 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $20,939 $1,570,800 $938,400 $632,400
2024 $19,907 $1,530,000 $918,000 $612,000
2023 $20,474 $1,572,319 $1,104,362 $467,957
2022 $19,215 $1,541,490 $1,082,708 $458,782
2021 $18,836 $1,511,266 $1,061,479 $449,787
2019 $18,568 $1,466,443 $1,029,996 $436,447
2018 $18,044 $1,437,690 $1,009,800 $427,890
2016 $6,753 $530,364 $143,507 $386,857
2015 $6,490 $522,399 $141,352 $381,047
2014 $6,461 $512,167 $138,584 $373,583
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-236413

The MLS

APN: 7254-019-010

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