NOT LISTED FOR SALE

937 E 20th St Long Beach, CA 90806

Sunrise Neighborhood

Estimated Value: $1,411,000 - $1,911,000

8 Beds
4 Baths
5,304 Sq Ft
$311/Sq Ft Est. Value

Last Sold August 23, 2019

Last sale price $1,210,000 $228 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $10,447/month

28 Days on Market

Highlights

  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • 4-minute walk to Martin Luther King Jr Park

About This Home

As of August 2019

5.62% Cap Rate on current rents and potential 7.25 cap on market rents. It also features, new copper plumbing, newer electric wiring, 10 parking in oversized parking lot, four 2 bedroom units each with a large den that can operate as a third bedroom, and a 9,000 square foot lot. This is by far one of the best 4 unit opportunities to hit the market in the fastest growing Beach City of Long Beach.

This is the best Price Per Foot available! Do not miss this deal!

This 4 unit has more upside and a better current cap than anything out there.

Last Agent to Sell the Property

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 07/16/2019

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

John Alden

Alden Pacific Investments, Inc. License #02114291

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,533

Year Built

  • Built in 1911

Lot Details

  • 9,046 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 5,304 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 24 / D
  • Tax Tract Number 4867
  • Assessor Parcel Number 7210005025

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $26,729
  • Gross Income $96,960
  • Net Operating Income $65,383

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,533

Year Built

Built in 1911

Lot Details

0

Listing Details

  • CapRate: 5.36
  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7210005025
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 228.13

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9046.00
  • Lot Size Acres: 0.2077

Multi Family

  • Gross Income: 96960.00
  • Gross Multiplier: 12.63
  • Gross Scheduled Income: 96960.00
  • Lot Size Area: 9046.0000 Square Feet
  • Net Operating Income: 65383.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 26729.00
  • Rent Control: No
  • Total Expenses: 26729.00

Tax Info

  • Tax Block: D
  • Tax Census Tract: 5732.02
  • Tax Lot: 24
  • Tax Tract Number: 4867

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2019
Closed on
Jul 17, 2019
Sold by
Smith Garfield O and Smith Renita E
Bought by
Dorn Andrew I
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
John Alden
Alden Pacific Investments, Inc.
List Price
$1,225,000
Sold Price
$1,210,000
Premium/Discount to List
-$15,000
-1.22%
Current Estimated Value
$1,649,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$439,330
Avg. Annual Appreciation
4.56%
Original Mortgage
$907,500
Outstanding Balance
$796,523
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$785,071

Purchase Details

Closed on
Jan 11, 2006
Sold by
Suos Puchna
Bought by
Smith Garfield O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$594,300
Interest Rate
7.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2002
Sold by
Omdahi John
Bought by
Suos Puchna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
5.96%

Purchase Details

Closed on
Jan 7, 2002
Sold by
Benson Robert
Bought by
Omdahl John

Purchase Details

Closed on
Jun 22, 1999
Sold by
Benson Linda
Bought by
Benson Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,200
Interest Rate
7.87%

Purchase Details

Closed on
Jun 14, 1999
Sold by
Omdahl John
Bought by
Benson Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,200
Interest Rate
7.87%

Purchase Details

Closed on
Apr 9, 1998
Sold by
Ali Victor
Bought by
Omdahl John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,125
Interest Rate
7.13%

Purchase Details

Closed on
Oct 24, 1996
Sold by
Johnson Wilbert J and Johnson Arlean
Bought by
Ali Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,379
Interest Rate
7.67%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 13, 1996
Sold by
Va Peter P and Johnson Wilbert J
Bought by
Johnson Wilbert J
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 $1,210,000 Progressive Title Company
Smith Garfield O $849,000 Investors Title Company
Suos Puchna $455,000 Commonwealth
Omdahl John $50,567 Orange Coast Title
Benson Robert -- Fidelity Title
Benson Robert $279,000 Fidelity Title
Omdahl John $237,500 North American Title Co
Ali Victor $135,000 South Coast Title
Johnson Wilbert J $44,413 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dorn Andrew I $907,500
Previous Owner Smith Garfield O $594,300
Previous Owner Suos Puchna $460,000
Previous Owner Suos Puchna $356,000
Previous Owner Benson Robert $223,200
Previous Owner Omdahl John $178,125
Previous Owner Ali Victor $211,379
Closed Omdahl John $35,600
Closed Benson Robert $27,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2019 08/23/19 Sold $1,210,000 -1.2% $228 / Sq Ft
08/13/2019 08/13/19 Pending -- -- --
07/16/2019 07/16/19 For Sale $1,225,000 -- $231 / 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 $17,533 $1,323,307 $874,915 $448,392
2024 $17,533 $1,297,360 $857,760 $439,600
2023 $17,236 $1,271,923 $840,942 $430,981
2022 $15,979 $1,246,984 $824,453 $422,531
2021 $15,651 $1,222,535 $808,288 $414,247
2019 $13,661 $1,040,072 $684,808 $355,264
2018 $13,186 $1,019,680 $671,381 $348,299
2016 $12,114 $980,086 $645,311 $334,775
2015 $11,635 $965,365 $635,618 $329,747
2014 $11,566 $946,456 $623,168 $323,288
Source: Public Records

Agents Affiliated with this Home

  • Cameron Samimi

    Seller's Agent in 2019

    Cameron Samimi

    Lyon Stahl Investment Real Estate, Inc.

    (310) 259-7556

    1 in this area

    184 Total Sales

    Cameron Samimi
    Section Image

  • J

    Buyer's Agent in 2019

    John Alden

    Alden Pacific Investments, Inc.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19169226

California Regional Multiple Listing Service (CRMLS)

APN: 7210-005-025

California Los Angeles County Long Beach 90806 Sunrise

937 E 20th St, Long Beach, CA

This home is located at 937 E 20th St, Long Beach, CA 90806 since 16 July 2019 and is currently estimated at $1,649,330, approximately $310 per square foot. This property was built in 1911. 937 E 20th St is a home located in Los Angeles County with nearby schools including Signal Hill Elementary School, Nelson Academy, and Long Beach Polytechnic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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