NOT LISTED FOR SALE

Estimated Value: $728,000 - $994,000

3 Beds
3 Baths
1,358 Sq Ft
$652/Sq Ft Est. Value

Last Sold July 13, 2017

Last sale price $579,000 $426 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $5,353/month

14 Days on Market

Highlights

  • Built in 1922 | Newly Remodeled
  • No HOA
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Cottage
  • More Than Two Accessible Exits

About This Home

As of July 2017

This Rare, fully turnkey Triplex property is Centrally located within minutes to down town, easy access to 405 & 710 freeways
Final permits in accordance with city of long beach building dept & code enforcement and completed major renovation on this property which involved major structural, foundation, brand new electrical, plumbing, gas line, new gas and electric meters, new beams as required structure stairs, foundation drywall, framing as needed using a contemporary design. In short, this property is brand new! Granite counter tops, designer backsplash in kitchen window covering brand new heating units.
It's a cozy cottage style property perfect for large families in need of separate living quarter for extended family or rental for additional income where sq footage was efficiently utilized. Separate gas and electric meters.
ALL UNIT ARE VACANT & NEVER OCCUPIED SINCE SELLER COMPLETED RENOVATION. AMOUNT OF RENTS, EXPENSE WAS REQUIRED TO COMPLETE MLS INPUT & THEREFORE ESTIMATES
926 E.11th st : Front unit is a 2 bed/2 bath inside laundry recessed lights ceiling provenza laminate floor BRAND new inside and out ground to ceiling.
9261/2 E. 11th st: Down stairs back unit is 1 bed/1 bath fully remodeled
928 E. 11th st: Upstairs back unit is 1 bed/1 bath fully remodeled.
New hardscape, landscape, fruit trees ,floor lighting throughout!

Last Agent to Sell the Property

Arman Rasoolian

INNOVATIVE RE SOLUTIONS License #01127690 Listed on: 05/25/2017

Last Buyer's Agent

Shahriar Etemad

Red Hot Properties License #01912245

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922 | Newly Remodeled

Lot Details

  • 2,385 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre
  • On-Hand Building Permits

Home Design

  • Cottage
  • Property Attached
  • Turnkey
  • Stucco

Interior Spaces

  • 1,358 Sq Ft Home
  • 2-Story Property

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Mirrored Closets Doors
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

  • Window Bars
  • Security Lights
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Unassigned Parking

Additional Features

  • More Than Two Accessible Exits
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 15 / 13
  • Tax Tract Number 35
  • Assessor Parcel Number 7274010017

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Alamitos Beach Subdivision

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $750
  • Insurance Expense $670
  • Trash Expense $240
  • Water Sewer Expense $600
  • New Taxes Expense $3,000
  • Operating Expense $5,260
  • Net Operating Income $3,861

Property Details

Home Type

Multi-Family

Year Built

Built in 1922 | Newly Remodeled

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Security: Security Lights, Smoke Detector(s), Window Bars
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: No
  • Water Sewer Expenses: 600.00
  • Zoning: LBR4R
  • Architectural Style: Cottage
  • New Construction: Yes
  • Property Condition: Building Permit, Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7274010017
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Accessibility Features: 2+ Access Exits
  • Door Features: Mirror Closet Door(s)
  • Levels: Two
  • Price Per Square Foot: 426.36

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned

Utilities

  • Utilities: Electricity Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room, Inside
  • Sewer: Public Sewer
  • Trash Expense: 240.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2385.00
  • Lot Size Acres: 0.0548
  • Latitude Manual: 33.78076000

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 750.00
  • Gross Scheduled Income: 4300.00
  • Insurance Expense: 670.00
  • Lot Size Area: 2385.0000 Square Feet
  • Net Operating Income: 3861.00
  • 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: 10.00
  • Rent Control: No
  • Total Expenses: 5260.00

Tax Info

  • New Taxes Expense: 3000.00
  • Tax Block: 13
  • Tax Census Tract: 5763.02
  • Tax Lot: 15
  • Tax Tract Number: 35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2017
Closed on
Jul 13, 2017
Sold by
Innovative Real Estate Solutions Inc
Bought by
Ghassi Saeed
Seller's Agent
Arman Rasoolian
INNOVATIVE RE SOLUTIONS
Buyer's Agent
Shahriar Etemad
Red Hot Properties
List Price
$589,000
Sold Price
$579,000
Premium/Discount to List
-$10,000
-1.7%
Current Estimated Value
$885,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,755
Avg. Annual Appreciation
5.15%
Original Mortgage
$463,200
Outstanding Balance
$384,841
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$500,914

Purchase Details

Closed on
Feb 9, 2016
Sold by
One Step Forward Inc
Bought by
El Encino Group

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 8, 2016
Sold by
El Encino Group
Bought by
Innovative Real Estate Solutions Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 21, 2015
Sold by
Givens Jerry
Bought by
One Step Forward Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 2014
Sold by
Richardson George
Bought by
One Step Forward Inc

Purchase Details

Closed on
May 4, 2010
Sold by
Givens Jerry
Bought by
Richardson George

Purchase Details

Closed on
Aug 26, 1998
Sold by
Rache Thomas Charles B and Rache Thomas
Bought by
Givens Jerry

Purchase Details

Closed on
Jul 7, 1998
Sold by
Givens Jerry
Bought by
Givens Jerry and Thomas Charles B

Purchase Details

Closed on
Apr 17, 1998
Sold by
Shokouhi Keyhan and Sanandaji Mirza
Bought by
Givens Jerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,430
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 28, 1997
Sold by
Corona Juan
Bought by
Mirza Shokouhi Keyhan and Mirza Samandaji

Purchase Details

Closed on
Jun 17, 1997
Sold by
Ft Mtg Companies
Bought by
Corona Juan

Purchase Details

Closed on
Jun 11, 1997
Sold by
Source One Mtg Services Corp
Bought by
Ft Mtg Companies

Purchase Details

Closed on
Nov 14, 1996
Sold by
United Minority Contractors Assn Inc
Bought by
Source One Mtg Services Corp

Purchase Details

Closed on
Feb 3, 1995
Sold by
United Minority Contractors Assn Const
Bought by
United Minority Contractors Assn Inc

Purchase Details

Closed on
Dec 12, 1994
Sold by
First Federal Bank Of California
Bought by
United Minority Contractors Assn

Purchase Details

Closed on
Mar 18, 1994
Sold by
Seaside Financial Corp
Bought by
First Federal Bank Of California and First Fsb Of California
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
Ghassi Saeed $579,000 Title 365
El Encino Group -- Provident Title
Innovative Real Estate Solutions Inc $260,000 Provident Title
One Step Forward Inc $150,000 Provident Title Company
Givens Jerry -- Provident Title Company
One Step Forward Inc -- None Available
Richardson George -- None Available
Givens Jerry -- --
Givens Jerry -- --
Givens Jerry $137,000 Fidelity National Title Ins
Mirza Shokouhi Keyhan $70,000 --
Corona Juan $43,000 North American Title Co
Ft Mtg Companies $179,000 North American Title Co
Source One Mtg Services Corp $173,114 Stewart Title
United Minority Contractors Assn Inc $106,500 Continental Lawyers Title Co
United Minority Contractors Assn $87,000 Continental Lawyers Title Co
First Federal Bank Of California $83,500 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ghassi Saeed $463,200
Previous Owner Givens Jerry $175,000
Previous Owner Givens Jerry $135,430
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2017 07/13/17 Sold $579,000 -1.7% $426 / Sq Ft
05/25/2017 05/25/17 For Sale $589,000 -- $434 / 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 $8,547 $658,797 $460,818 $197,979
2024 $8,547 $645,881 $451,783 $194,098
2023 $8,400 $633,218 $442,925 $190,293
2022 $7,885 $620,803 $434,241 $186,562
2021 $7,727 $608,631 $425,727 $182,904
2020 $7,707 $602,391 $421,362 $181,029
2019 $7,616 $590,580 $413,100 $177,480
2018 $7,407 $579,000 $405,000 $174,000
2016 $3,440 $263,965 $182,745 $81,220
2015 $5,957 $214,803 $150,363 $64,440
2014 $4,141 $210,596 $147,418 $63,178
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV17117076

California Regional Multiple Listing Service (CRMLS)

APN: 7274-010-017