NOT LISTED FOR SALE

937 E 2nd St Long Beach, CA 90802

Alamitos Beach Neighborhood

Estimated Value: $1,292,331 - $2,012,000

4 Beds
4 Baths
3,568 Sq Ft
$432/Sq Ft Est. Value

Last Sold March 28, 2024

Last sale price $1,325,000 $371 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $8,881/month

7 Days on Market

Highlights

  • 0.08 Acre Lot
  • Private Yard
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • No HOA
  • Stacked Washer and Dryer

About This Home

As of March 2024

4 PLEX FOR SALE. 4 UNIT BUILDING WITH 4- 1 BEDROOM UNITS. ALL UNITS HAVE 892 SQFT AND ARE QUITE LARGE. THERE IS A DRIVEWAY ON THE EAST SIDE OF THE BUILDING THAT HAS PARKING FOR 3 CARS. 2 UNITS DOWN AND TWO UNITS UP WITH AN INTERIOR STAIRCASE. ALL FLOORING INSIDE THE UNITS IS A LAMINATE SUBSTANCE, NO CARPET ANYWARE. THERE IS A STORAGE SHED IN THE BACKYARD. THERE IS A SHARED BALCONY FOR THE UPSTAIRS UNITS. ALL UNITS HAVE WASHER AND DRYERS THAT ARE STACKABLE. ALL UNITS COME WITH A REFRIGERATOR AND OVEN THAT BELONG TO THE OWNER. GAS WATER HEATERS ARE INSIDE EACH UNIT. THE BUILDING HAS A SECURITY CAMERA SYSTEM THAT COVERS THE FRONT AND SIDES OF THE BUILDING THAT EACH TENANT HAS ACCESS TO. ALL TENANTS PAY ON TIME AND ARE EXCELLENT

Last Agent to Sell the Property

Jeff Allensworth

Realty World Allensworth Brokerage Email: brokerjeff@earthlink.net License #01083399 Listed on: 02/27/2024

Last Buyer's Agent

Kathi Jesse

eXp Realty of Southern California, Inc License #01140971

eXp Realty of Southern California, Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 3,592 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Home Design

  • Quadruplex
  • Entry on the 2nd floor

Interior Spaces

  • 3,568 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 2935
  • Assessor Parcel Number 7265001007
  • $827 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $50
  • Water Sewer Expense $100
  • Operating Expense $3,300
  • Gross Income $92,940
  • Net Operating Income $89,640

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 100.00
  • Zoning: LBR4R
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7265001007
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 371.36

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside, Stackable
  • Sewer: Public Sewer
  • Trash Expense: 50.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 3592.00
  • Lot Size Acres: 0.0825

Multi Family

  • Average1 Bed Area: 892 Square Feet
  • Gross Income: 92940.00
  • Gross Scheduled Income: 92940.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 3592.0000 Square Feet
  • Net Operating Income: 89640.00
  • 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: 3300.00
  • Rent Control: No
  • Total Expenses: 3300.00

Tax Info

  • Tax Census Tract: 5766.01
  • Tax Lot: 6
  • Tax Tract Number: 2935
  • TaxOtherAnnualAssessmentAmount: 827.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 23, 2024
Sold by
Lamar Matthew and Lamar Heather
Bought by
Lamar Revocable Living Trust and Lamar
Current Estimated Value
$1,540,333

Purchase Details

Listed on
Feb 27, 2024
Closed on
Mar 4, 2024
Sold by
Gray Family Enterprises Limited Partners
Bought by
Lamar Matthew and Lamar Heather
Seller's Agent
Jeff Allensworth
Realty World Allensworth
Buyer's Agent
Kathi Jesse
eXp Realty of Southern California, Inc
List Price
$1,325,000
Sold Price
$1,325,000
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.99%
Original Mortgage
$993,750
Interest Rate
6.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2015
Sold by
Gray Shirley Leota
Bought by
The Gray Family Enterprises Limited Part

Purchase Details

Closed on
May 13, 2011
Sold by
Wannemacher John R
Bought by
Gray Shirley L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,000
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2010
Sold by
Chong Rudolfo S
Bought by
Wannemacher John R and Wannemacher Tanya F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 2, 2007
Sold by
Vandenberg Janna D
Bought by
Chong Rudolfo S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
7.75%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 3, 1999
Sold by
Prior Frank E
Bought by
Vandenberg Janna D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
7.66%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 9, 1993
Sold by
Backstrom Sandra Lea
Bought by
Prior Frank E
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
Lamar Revocable Living Trust -- None Listed On Document
Lamar Matthew $1,325,000 Orange Coast Title
The Gray Family Enterprises Limited Part -- None Available
Gray Shirley Leota -- None Available
Gray Shirley L $570,000 North American Title Co
Wannemacher John R $550,000 Orange Coast Title
Chong Rudolfo S $860,000 Chicago Title Co
Vandenberg Janna D -- American Title
Prior Frank E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lamar Matthew $993,750
Previous Owner Gray Shirley L $399,000
Previous Owner Wannemacher John R $280,000
Previous Owner Chong Rudolfo S $645,000
Previous Owner Vandenberg Janna D $68,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/28/2024 03/28/24 Sold $1,325,000 0.0% $371 / Sq Ft
03/05/2024 03/05/24 Pending -- -- --
02/27/2024 02/27/24 For Sale $1,325,000 -- $371 / 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 $9,735 $1,351,500 $810,900 $540,600
2024 $9,735 $715,943 $314,009 $401,934
2023 $9,568 $701,905 $307,852 $394,053
2022 $8,991 $688,143 $301,816 $386,327
2021 $8,795 $674,651 $295,899 $378,752
2019 $8,670 $655,202 $287,123 $368,079
2018 $8,424 $642,367 $281,494 $360,873
2016 $7,741 $616,887 $270,564 $346,323
2015 $7,436 $607,621 $266,500 $341,121
2014 $7,397 $595,719 $261,280 $334,439
Source: Public Records

Agents Affiliated with this Home

  • Jeff Allensworth

    Seller's Agent in 2024

    Jeff Allensworth

    Realty World Allensworth

    (562) 923-8879

    1 in this area

    58 Total Sales

    Jeff Allensworth
    Section Image
  • Kathi Jesse

    Buyer's Agent in 2024

    Kathi Jesse

    eXp Realty of Southern California, Inc

    (888) 488-8840

    1 in this area

    96 Total Sales

    Kathi Jesse
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24040294

California Regional Multiple Listing Service (CRMLS)

APN: 7265-001-007

California Los Angeles County Long Beach 90802 Alamitos Beach

937 E 2nd St, Long Beach, CA

Not Listed for Sale

MultiFamily

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