NOT LISTED FOR SALE

Estimated Value: $1,191,000 - $1,523,000

5 Beds
4 Baths
1,633 Sq Ft
$844/Sq Ft Est. Value

Last Sold September 09, 2022

Last sale price $1,288,000 $789 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $8,627/month

27 Days on Market

Highlights

  • 0.15 Acre Lot
  • No HOA
  • Bike Trail
  • Long Beach Polytechnic High School Rated A
  • Laundry Room

About This Home

As of September 2022

Great opportunity to own this totally remodeled income property in Long Beach. This turn key triplex centrally located near restaurants , museums, downtown Long Beach. The beach is just blocks away and walking distance . The units consists of one 3 bedrooms and one and a half bathrooms and two private studios with their own parking garage and laundry . All units are completely remodeled with new kitchen and bathrooms. Other upgrades include New roof, New stucco, New windows, New upgraded panels, New staircase leading to studios, New water heaters, New heating and cooling, New paved driveway, New landscaping and much more! There are 4 parking garages and a new cement driveway that can easily accommodate three vehicles for parking. This fantastic property would be great for large familys or investors. All units are currently unoccupied . This one won't last!

Last Agent to Sell the Property

Sonia Fernandez

United Executives License #01824628 Listed on: 06/11/2022

United Executives

Last Buyer's Agent

Nicole Le

Capital Team Real Estate Svc License #02022672

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,912

Year Built

  • Built in 1924

Lot Details

  • 6,459 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 1,633 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 7266007013

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Downtown Subdivision

Recreation

  • Bike Trail

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,912

Year Built

Built in 1924

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: 562-762-6490
  • Price Per Unit: 463000
  • Property Attached: No
  • Subdivision Name Other: Downtown (DT)
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Parcel Number: 7266007013
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 788.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage, In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6459.00
  • Lot Size Acres: 0.1483

Multi Family

  • Lot Size Area: 6459.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5765.01
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2022
Closed on
Jul 18, 2022
Sold by
Mrmp2 Llc
Bought by
V Assets Llc
Seller's Agent
Sonia Fernandez
United Executives
Buyer's Agent
Nicole Le
Capital Team Real Estate Svc
List Price
$1,389,000
Sold Price
$1,288,000
Premium/Discount to List
-$101,000
-7.27%
Current Estimated Value
$1,324,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,670
Avg. Annual Appreciation
2.33%
Original Mortgage
$966,000
Interest Rate
4.63%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 26, 2021
Closed on
Sep 20, 2021
Sold by
Casso Salvador G and Estate Of Salvador G Casso
Bought by
Mrmp2 Llc
Seller's Agent
Victor Palacios
Star Realty of Southern California
Buyer's Agent
Victor Palacios
Star Realty of Southern California
List Price
$650,000
Sold Price
$765,000
Premium/Discount to List
$115,000
17.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
88.76%
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
V Assets Llc $1,288,000 --
Mrmp2 Llc $765,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner V Assets Llc $966,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2022 09/09/22 Sold $1,288,000 -7.3% $789 / Sq Ft
07/08/2022 07/08/22 Pending -- -- --
06/11/2022 06/11/22 For Sale $1,389,000 +81.6% $851 / Sq Ft
11/12/2021 11/12/21 Sold $765,000 +17.7% $468 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $650,000 -- $398 / 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 $16,912 $1,340,035 $868,734 $471,301
2024 $16,912 $1,313,760 $851,700 $462,060
2023 $16,629 $1,288,000 $835,000 $453,000
2022 $9,681 $765,000 $535,000 $230,000
2021 $1,082 $51,155 $31,458 $19,697
2020 $1,078 $50,632 $31,136 $19,496
2019 $1,065 $49,640 $30,526 $19,114
2018 $973 $48,668 $29,928 $18,740
2016 $895 $46,780 $28,767 $18,013
2015 $869 $46,078 $28,335 $17,743
2014 $883 $45,176 $27,780 $17,396
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22126149

California Regional Multiple Listing Service (CRMLS)

APN: 7266-007-013