NOT LISTED FOR SALE

Estimated Value: $979,000 - $1,152,000

6 Beds
4 Baths
2,302 Sq Ft
$471/Sq Ft Est. Value

Last Sold July 14, 2017

Last sale price $650,000 $282 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $6,728/month

16 Days on Market

Highlights

  • Property is near a park
  • Tile Flooring
  • 5-minute walk to Drake Park
  • No HOA
  • Wall Furnace

About This Home

As of July 2017

Great investment opportunity in historical downtown Long Beach area. This property is a Fourplex in Knoll Park Historic District consisting of 3 buildings.
It consists of two 2 bedroom units, and two 1 bedroom units, not subject to rent control. The first building is a 2 bedroom 1 bath unit with a kitchen and living room. The second building has two 1 bedroom 1 bath units. Each of these 2 units have their own kitchen and living room. The third building is the rear unit and has 2 bedrooms, 1 bathroom, kitchen, living room and an attached carport. The entire lot is fenced. The property is professionally managed. The property owner pays for water, sewer, & trash. Located directly across from a park. Come in and update and take advantage of this value-add opportunity.

Last Agent to Sell the Property

Melinda Biezonsky

Keller Williams Realty License #01372987 Listed on: 05/15/2017

Keller Williams Realty

Last Buyer's Agent

Bill D'Alvia

Vista Sotheby's Int'l Realty License #01883312

Vista Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,889

Year Built

  • Built in 1935

Lot Details

  • 5,565 Sq Ft Lot
  • Lot Dimensions are 76x65x60x10
  • 1 Common Wall

Home Design

  • 2,302 Sq Ft Home
  • Property Attached

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Free-Standing Range
  • Property is near a park
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 7
  • Assessor Parcel Number 7271019025

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $1,080
  • Insurance Expense $1,470
  • Maintenance Expense $1,130
  • Pest Control $420
  • Water Sewer Expense $1,000
  • Operating Expense $5,550
  • Gross Income $4,085
  • Net Operating Income $43,470

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,889

Year Built

Built in 1935

Lot Details

0

Listing Details

  • CapRate: 6.30
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 1000.00
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 7271019025
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level With Steps
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 282.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: No
  • Appliances: Free-Standing Range
  • Heating Type: Wall Furnace
  • Pest Control Expense: 420.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby
  • Lot Size: 76x65x60x10
  • Lot Size Sq Ft: 5565.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 516 Square Feet
  • Average2 Bed Area: 660 Square Feet
  • Gross Income: 4085.00
  • Gross Operating Income: 49020.00
  • Gross Scheduled Income: 49020.00
  • Insurance Expense: 1470.00
  • Maintenance Expense: 1130.00
  • Net Operating Income: 43470.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 5550.00
  • Rent Control: No
  • Total Actual Rent: 4085.00
  • Total Expenses: 5550.00

Tax Info

  • Tax Lot: 7
  • Tax Tract Number: G
  • Tax Annual Amount: 4889.00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2024
Sold by
Altamirano-Johnson Family Trust and Johnson James
Bought by
1162 N Loma Vista Llc
Current Estimated Value
$1,083,102

Purchase Details

Closed on
May 5, 2020
Sold by
Johnson James and Altamirano Nicole
Bought by
Johnson James and Altamrano Nicole

Purchase Details

Listed on
May 15, 2017
Closed on
Jul 3, 2017
Sold by
Biezonsky Pedro and Biezonsky Melinda
Bought by
Johnson James A and Altamirano Nicole
Seller's Agent
Melinda Biezonsky
Keller Williams Realty
Buyer's Agent
Bill D'Alvia
Vista Sotheby's Int'l Realty
List Price
$637,000
Sold Price
$650,000
Premium/Discount to List
$13,000
2.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.17%
Original Mortgage
$487,500
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2005
Sold by
Gervay Lucia and Gervay Nicholas
Bought by
Biezonsky Pedro and Biezonsky Melinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
5.51%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 1, 2004
Sold by
Diaz Jose E and Jimenez Eva Angelina
Bought by
Gervay Nicholas and Gervay Lucia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2003
Sold by
Diaz Luis R
Bought by
Diaz Jose E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,600
Interest Rate
8.5%

Purchase Details

Closed on
Feb 28, 2002
Sold by
Lara Juan Perez
Bought by
Diaz Jose E and Diaz Luis R

Purchase Details

Closed on
Jan 17, 2002
Sold by
Diaz Jose E
Bought by
Lara Juan Perez and Diaz Luis R

Purchase Details

Closed on
Mar 16, 2001
Sold by
Latino Community Housinc Inc
Bought by
Lara Juan Perez and Diaz Jose E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,751
Interest Rate
7.06%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 28, 2000
Sold by
Hud
Bought by
Latino Community Housing Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
8.01%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 5, 2000
Sold by
White Mountains Services Corp
Bought by
Hud

Purchase Details

Closed on
Aug 21, 1998
Sold by
Palmer Rodney
Bought by
Jackson Sidney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,596
Interest Rate
6.93%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 28, 1998
Sold by
Baker Janet I and Baker Janet
Bought by
Palmer Rodney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,596
Interest Rate
6.93%
Mortgage Type
FHA

Purchase Details

Closed on
May 7, 1993
Sold by
Loveless Harry Grover
Bought by
Baker Janet Irene
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
1162 N Loma Vista Llc -- None Listed On Document
Johnson James -- None Available
Johnson James A $650,000 First American Title Company
Biezonsky Pedro $650,000 Orange Coast Title
Gervay Nicholas $580,000 Stewart Title Co
Diaz Jose E -- First American Title Co
Diaz Jose E -- --
Lara Juan Perez -- --
Lara Juan Perez $275,000 Fidelity Title
Latino Community Housing Inc $170,500 United Title Company
Hud -- Fidelity National Title Ins
White Mountains Services Corp $255,166 Fidelity National Title Ins
Jackson Sidney $250,000 Equity Title Company
Palmer Rodney $1,600,000 Equity Title
Baker Janet Irene -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson James $602,000
Previous Owner Johnson James A $487,500
Previous Owner Biezonsky Pedro $374,000
Previous Owner Biezonsky Pedro $120,000
Previous Owner Biezonsky Pedro $440,000
Previous Owner Gervay Nicholas $522,000
Previous Owner Diaz Jose E $427,500
Previous Owner Diaz Jose E $319,600
Previous Owner Lara Juan Perez $270,751
Previous Owner Latino Community Housing Inc $32,000
Previous Owner Latino Community Housing Inc $175,000
Previous Owner Jackson Sidney $48,000
Previous Owner Jackson Sidney $240,596
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2017 07/14/17 Sold $650,000 +2.0% $282 / Sq Ft
05/31/2017 05/31/17 Pending -- -- --
05/15/2017 05/15/17 For Sale $637,000 -- $277 / 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 $10,061 $739,585 $517,711 $221,874
2024 $10,061 $725,084 $507,560 $217,524
2023 $9,881 $710,867 $497,608 $213,259
2022 $9,068 $696,929 $487,851 $209,078
2021 $8,879 $683,265 $478,286 $204,979
2020 $8,857 $676,260 $473,382 $202,878
2019 $8,753 $663,000 $464,100 $198,900
2018 $8,463 $650,000 $455,000 $195,000
2016 $7,042 $560,000 $335,200 $224,800
2015 $5,960 $480,000 $287,300 $192,700
2014 $5,473 $430,000 $257,400 $172,600
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17099321

California Regional Multiple Listing Service (CRMLS)

APN: 7271-019-025