NOT LISTED FOR SALE

Estimated Value: $992,000 - $1,051,000

4 Beds
4 Baths
2,952 Sq Ft
$347/Sq Ft Est. Value

Last Sold August 30, 2024

Last sale price $999,975 $339 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,902/month

61 Days on Market

Highlights

  • No HOA
  • Living Room
  • Wood Siding
  • Long Beach Polytechnic High School Rated A
  • Rectangular Lot
  • Carpet

About This Home

As of August 2024

Discover an exceptional investment opportunity within this meticulously renovated quadraplex, boasting a generous 2,952 square feet of living space priced at a competitive $338 per square foot. Built in 1923, this property seamlessly merges historic charm with contemporary upgrades, offering a blend of character and functionality.

This four-plex presents four expansive one-bedroom units, thoughtfully designed to easily convert into two-bedroom layouts, providing versatility to accommodate varying tenant needs. Each unit is a testament to quality craftsmanship and modern convenience, featuring recent enhancements including new windows, stucco, paint, as well as essential plumbing and electrical upgrades.

With an impressive annual income of $71,280 this property promises a lucrative return on investment. Furthermore, the option to utilize one unit immediately or rent it out adds to its appeal, ensuring flexibility for both investors and owner-occupiers.

Convenience extends beyond the interiors, with the inclusion of four dedicated parking spaces, alleviating any concerns regarding parking availability. Whether you're an astute investor seeking a profitable venture or a homeowner looking to capitalize on rental income, this quadraplex offers an enticing proposition.

Last Agent to Sell the Property

Juan Huizar

Sage Real Estate Group, Inc. Brokerage Phone: 562-307-0838 License #01417642 Listed on: 05/06/2024

Last Buyer's Agent

Juan Huizar

Sage Real Estate Group, Inc. Brokerage Phone: 562-307-0838 License #01417642 Listed on: 05/06/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 3,162 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Density is 2-5 Units/Acre

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,952 Sq Ft Home
  • 2-Story Property
  • Living Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 15 / 13
  • Assessor Parcel Number 7274010018
  • $771 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $92
  • Insurance Expense $2,995
  • Maintenance Expense $1,600
  • Trash Expense $675
  • Water Sewer Expense $1,335
  • New Taxes Expense $12,500
  • Operating Expense $21,384
  • Gross Income $73,860
  • Net Operating Income $49,896

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 1335.00
  • Zoning: LBR4R
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7274010018
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 338.74
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 675.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Rectangular Lot
  • Lot Size Sq Ft: 3162.00
  • Lot Size Acres: 0.0726

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 738 Square Feet
  • Electric Expense: 92.00
  • Gross Income: 73860.00
  • Gross Scheduled Income: 73860.00
  • Insurance Expense: 2995.00
  • Lot Size Area: 3162.0000 Square Feet
  • Maintenance Expense: 1600.00
  • Net Operating Income: 49896.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Operating Expense: 21384.00
  • Other Income1: 90.00
  • Other Income Description: Parking fee $45 & $50
  • Rent Control: Yes
  • Total Actual Rent: 71280.00
  • Total Expenses: 21384.00

Tax Info

  • New Taxes Expense: 12500.00
  • Tax Block: 13
  • Tax Census Tract: 5763.02
  • Tax Lot: 15
  • TaxOtherAnnualAssessmentAmount: 771.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2024
Closed on
Jul 17, 2024
Sold by
Kaunitz Jonathan and Kaunitz Christine
Bought by
Watler Savannah
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Juan Huizar
Sage Real Estate Group, Inc.
List Price
$999,975
Sold Price
$999,975
Views
37
Current Estimated Value
$1,024,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,569
Avg. Annual Appreciation
1.84%
Original Mortgage
$999,975
Outstanding Balance
$987,518
Interest Rate
6.77%
Mortgage Type
VA
Estimated Equity
$37,026

Purchase Details

Listed on
Apr 13, 2012
Closed on
Jun 8, 2012
Sold by
The Bank Of New York Mellon
Bought by
Kaunitz Jonathan and Kaunitz Christine
Seller's Agent
Sara Samhat
Seven Gables Real Estate
Buyer's Agent
Steve Hwang
Century 21 Coastal Properties
List Price
$274,900
Sold Price
$375,000
Premium/Discount to List
$100,100
36.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.42%
Original Mortgage
$281,250
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2012
Sold by
Gilliam Dan
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Apr 1, 2004
Sold by
Williams Daryl P
Bought by
Gilliam Dan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,000
Interest Rate
9.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 8, 2003
Sold by
Williams Daryl P and Williams Daryl
Bought by
Williams Daryl P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2000
Sold by
Mortgage Associates Inc
Bought by
Wright Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
8.19%

Purchase Details

Closed on
Jul 21, 2000
Sold by
Williams Alfreda L
Bought by
Williams Daryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
8.19%

Purchase Details

Closed on
Jul 13, 2000
Sold by
Wright Gregory
Bought by
Williams Daryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
8.19%

Purchase Details

Closed on
Jun 30, 2000
Sold by
Wong Don K
Bought by
Mortgage Associates Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
8.19%

Purchase Details

Closed on
Mar 24, 2000
Sold by
Mortgage Associates Inc
Bought by
Wong Don K

Purchase Details

Closed on
Mar 14, 2000
Sold by
Wang Bao Ju
Bought by
Mortgage Associates Inc

Purchase Details

Closed on
Sep 30, 1999
Sold by
Mortgage Associates Inc
Bought by
Wang Bao Ju

Purchase Details

Closed on
Apr 14, 1999
Sold by
Wang Bao Ju
Bought by
Tao Alex and Mortgage Associates Inc

Purchase Details

Closed on
Dec 23, 1998
Sold by
Lay Kheng and Ly Nay Ky
Bought by
Wang Bao Ju

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.73%

Purchase Details

Closed on
Jul 21, 1998
Sold by
Wang Bao Ju
Bought by
Mortgage Associates Inc
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
Watler Savannah $1,000,000 Ticor Title
Kaunitz Jonathan $375,000 Chicago Title Company
The Bank Of New York Mellon $354,600 Landsafe Title
Gilliam Dan $565,000 Diversified Title
Williams Daryl P -- Stewart Title
Wright Gregory $190,000 --
Williams Daryl -- California Counties Title Co
Williams Daryl $320,000 California Counties Title Co
Mortgage Associates Inc -- North American Title Co
Wong Don K -- --
Mortgage Associates Inc $213,438 American Title
Wang Bao Ju -- American Title
Tao Alex -- American Title
Wang Bao Ju $160,000 Fidelity National Title
Mortgage Associates Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Watler Savannah $999,975
Previous Owner Kaunitz Jonathan $281,250
Previous Owner Gilliam Dan $452,000
Previous Owner Williams Daryl P $360,000
Previous Owner Williams Daryl $256,000
Previous Owner Wang Bao Ju $210,000
Closed Gilliam Dan $113,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/30/2024 08/30/24 Sold $999,975 0.0% $339 / Sq Ft
07/06/2024 07/06/24 Pending -- -- --
05/06/2024 05/06/24 For Sale $999,975 +166.7% $339 / Sq Ft
07/17/2012 07/17/12 Sold $375,000 +36.4% $127 / Sq Ft View Prior Sale
06/02/2012 06/02/12 Pending -- -- --
04/13/2012 04/13/12 For Sale $274,900 -- $93 / 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 $6,407 $1,000,000 $700,000 $300,000
2024 $6,407 $452,720 $313,888 $138,832
2023 $6,294 $443,844 $307,734 $136,110
2022 $5,920 $435,142 $301,700 $133,442
2021 $5,783 $426,611 $295,785 $130,826
2019 $5,700 $413,960 $287,013 $126,947
2018 $5,530 $405,844 $281,386 $124,458
2016 $5,082 $390,086 $270,460 $119,626
2015 $4,887 $384,228 $266,398 $117,830
2014 $4,870 $376,702 $261,180 $115,522
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24089830

California Regional Multiple Listing Service (CRMLS)

APN: 7274-010-018