NOT LISTED FOR SALE

Long Beach, CA 90806

South Wrigley Neighborhood

Estimated Value: $1,135,000 - $1,255,000

6 Beds
4 Baths
3,724 Sq Ft
$320/Sq Ft Est. Value

Last Sold October 14, 2016

Last sale price $690,000 $185 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $7,115/month

4 Days on Market

About This Home

As of October 2016

INVESTORS DREAM! This multi unit is located in the heart Long Beach. This Property features 4 spacious units - 2 two bedroom and one bath and 2 one bedroom and one bath w/ 4 separate garages . 4,400 gross rent (buyer to verify) . This Property is well kept and fully occupied. No rent control. Ideal for 1031 exchange . Showing upon accepted offer.

Last Agent to Sell the Property

Latoya Tolbert

CLJ Realty Group License #01943380 Listed on: 08/06/2016

Co-Listed By

Cornelius Jackson

Vylla Home, Inc. License #01824362

Last Buyer's Agent

Shawn Mohler

The Mohler Real Estate Group License #01910887

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 5,784 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,724 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 20
  • Assessor Parcel Number 7205002016

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $2,500
  • New Taxes Expense $3,000
  • Gross Income $4,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Wrigley Area (WR)
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7205002016
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 185.28

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • 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: 2-5 Units/Acre
  • Lot Size Sq Ft: 5784.00
  • Price Per Lot Square Foot: 121.02

Multi Family

  • Gross Income: 4400.00
  • Gross Scheduled Income: 4400.00
  • Insurance Expense: 2500.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3000.00
  • Tax Lot: 14
  • Tax Tract Number: S 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 13, 2020
Sold by
Wallens Donald and Sindell Sharon
Bought by
Sindell David and Sindell Helen
Current Estimated Value
$1,192,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Outstanding Balance
$587,035
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$604,995

Purchase Details

Closed on
Dec 4, 2019
Sold by
Torres Ruben D and Einstein Bridgett
Bought by
Torres Ruben D

Purchase Details

Listed on
Aug 6, 2016
Closed on
Aug 22, 2016
Sold by
Lett Karen E
Bought by
Sindell David and Sindell Helen
Seller's Agent
Latoya Tolbert
CLJ Realty Group
Buyer's Agent
Shawn Mohler
The Mohler Real Estate Group
List Price
$700,000
Sold Price
$690,000
Premium/Discount to List
-$10,000
-1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.10%
Original Mortgage
$517,500
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 1995
Sold by
Armstrong Thomas I
Bought by
Lett Karen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,035
Interest Rate
7.63%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Sindell David -- Westminster Title Co Inc
Torres Ruben D -- None Available
Sindell David $690,000 Western Resources Title Co
Lett Karen E $203,000 South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sindell David $660,000
Previous Owner Sindell David $517,500
Previous Owner Lett Karen E $197,035
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2016 10/14/16 Sold $690,000 -1.4% $185 / Sq Ft
08/06/2016 08/06/16 For Sale $700,000 0.0% $188 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
08/01/2016 08/01/16 For Sale $700,000 -- $188 / 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 $10,653 $800,800 $290,145 $510,655
2024 $10,653 $785,099 $284,456 $500,643
2023 $10,472 $769,706 $278,879 $490,827
2022 $9,842 $754,614 $273,411 $481,203
2021 $9,631 $739,818 $268,050 $471,768
2020 $9,605 $732,233 $265,302 $466,931
2019 $9,494 $717,876 $260,100 $457,776
2018 $9,194 $703,800 $255,000 $448,800
2016 $3,921 $284,861 $182,426 $102,435
2015 $3,776 $280,583 $179,686 $100,897
2014 $3,772 $275,088 $176,167 $98,921
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Latoya Tolbert

    CLJ Realty Group

  • Cornelius Jackson

    Seller Co-Listing Agent in 2016

    Cornelius Jackson

    Vylla Home, Inc.

    (619) 862-1627

    42 Total Sales

    Cornelius Jackson
    Section Image
  • Shawn Mohler

    Buyer's Agent in 2016

    Shawn Mohler

    The Mohler Real Estate Group

    (562) 505-7953

    1 in this area

    21 Total Sales

    Shawn Mohler
    Section Image
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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16167800

California Regional Multiple Listing Service (CRMLS)

APN: 7205-002-016

California Los Angeles County Long Beach 90806

South Wrigley

Not Listed for Sale

MultiFamily

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