NOT LISTED FOR SALE

Estimated Value: $740,000 - $873,542

4 Beds
3 Baths
2 Sq Ft
$406,318/Sq Ft Est. Value

Last Sold May 28, 2024

Last sale price $775,000 $387,500 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,061/month

37 Days on Market

Highlights

  • Craftsman Architecture
  • Corner Lot
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Private Yard
  • 3-minute walk to Martin Luther King Jr Park

About This Home

As of May 2024

940 E 19th Street and 1887 Martin Luther King Avenue... in southern California's most affordable beach city! An incredible 2 homes on 1 lot duplex boasting a 3 bedroom 2 bathroom home and a detached 1 bedroom home both with private entrances and yards. The 3 bedroom features an expansive sun-filled kitchen with laundry access, a bedroom wing includes a primary suite, an office/ potential bedroom, 2 bathrooms, and a charming living room opening to a sheltered and gated reception veranda. A patio (potential parking pad)... with a storage shed... divides and secludes the 2 homes. A gated entrance welcomes you to the 2nd home's living room featuring built in display shelves plus 6 recess ceiling lights. The renovated kitchen is stunning. Linen storage is central to the bedroom with mirrored wardrobe doors plus inset ceiling lights. A renovated bathroom with a shower and a lounging bench. The AC/heater mini split unit is another big plus. Close proximity to award winning schools, public transportation, downtown and the waterfront. Truly an amazing property and lifestyle opportunity... offering incredible possibilities!

Last Agent to Sell the Property

Kristal Parseghian

Century 21 On Target License #02109314 Listed on: 03/08/2024

Century 21 On Target

Last Buyer's Agent

Ron Edison

Tower Realty & Investments License #00640718

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 4,016 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Corner Lot
  • Private Yard
  • Lawn
  • Garden
  • Back and Front Yard

Home Design

  • Duplex
  • Craftsman Architecture
  • Patio Home
  • Entry on the 1st floor

Interior Spaces

  • 2 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 1
  • Assessor Parcel Number 7210013007
  • $474 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Poly High Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000
  • Trash Expense $3,000
  • Water Sewer Expense $2,000
  • Operating Expense $6,000
  • Gross Income $66,000
  • Net Operating Income $63,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Ad Number: 562-453-8189
  • Property Attached: No
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 2000.00
  • Zoning: LBR1N
  • Architectural Style: Craftsman
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7210013007
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Unknown
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Garden, Lawn, Patio Home, Yard
  • Lot Size Sq Ft: 4016.00
  • Lot Size Acres: 0.0922
  • Latitude Manual: 33.79146400

Multi Family

  • Average1 Bed Area: 480 Square Feet
  • Average3 Bed Area: 1529 Square Feet
  • Gross Income: 66000.00
  • Gross Scheduled Income: 66000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 4016.0000 Square Feet
  • Net Operating Income: 63000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 3000.00
  • Rent Control: No
  • Total Expenses: 6000.00

Tax Info

  • Tax Census Tract: 5732.02
  • Tax Lot: 6
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 474.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2024
Closed on
May 21, 2024
Sold by
Thomas Eric Dewayne and Thomas Richard S
Bought by
Becelinof Bladimir G and Carranza Gabriel A
Seller's Agent
Kristal Parseghian
Century 21 On Target
Buyer's Agent
Ron Edison
Tower Realty & Investments
List Price
$799,000
Sold Price
$775,000
Premium/Discount to List
-$24,000
-3%
Views
7
Current Estimated Value
$812,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,636
Avg. Annual Appreciation
2.90%
Original Mortgage
$709,706
Outstanding Balance
$699,755
Interest Rate
6.88%
Mortgage Type
FHA
Estimated Equity
$112,881

Purchase Details

Closed on
Apr 25, 2023
Sold by
Ervin Lee Thomas Revocable Trust
Bought by
Thomas Eric Dewayne and Thomas Richard S

Purchase Details

Closed on
Jan 20, 2023
Sold by
Thomas Ervin L
Bought by
Ervin Lee Thomas Revocable Trust and Thomas
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
Becelinof Bladimir G $775,000 Usa National Title Company
Thomas Eric Dewayne -- None Listed On Document
Ervin Lee Thomas Revocable Trust -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Becelinof Bladimir G $709,706
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/28/2024 05/28/24 Sold $775,000 0.0% $387,500 / Sq Ft
05/28/2024 05/28/24 Sold $775,000 0.0% $507 / Sq Ft View Prior Sale
04/14/2024 04/14/24 Pending -- -- --
04/14/2024 04/14/24 Pending -- -- --
03/26/2024 03/26/24 Price Changed $775,000 0.0% $387,500 / Sq Ft
03/26/2024 03/26/24 Price Changed $775,000 -3.0% $507 / Sq Ft
03/08/2024 03/08/24 For Sale $799,000 0.0% $399,500 / Sq Ft
03/08/2024 03/08/24 For Sale $799,000 -- $523 / 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 $10,099 $790,500 $408,000 $382,500
2024 $10,099 $775,200 $542,640 $232,560
2023 $2,057 $127,253 $68,703 $58,550
2022 $1,945 $124,758 $67,356 $57,402
2021 $1,896 $122,313 $66,036 $56,277
2020 $1,891 $121,059 $65,359 $55,700
2019 $1,870 $118,686 $64,078 $54,608
2018 $1,752 $116,360 $62,822 $53,538
2016 $1,611 $111,844 $60,384 $51,460
2015 $1,553 $110,165 $59,477 $50,688
2014 $1,557 $108,008 $58,312 $49,696
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS24047939

California Regional Multiple Listing Service (CRMLS)

APN: 7210-013-007