NOT LISTED FOR SALE

Long Beach, CA 90802

West Village Neighborhood

Estimated Value: $1,132,608

Studio
3 Baths
4,693 Sq Ft
$241/Sq Ft Est. Value

Last Sold September 19, 2016

Last sale price $750,000 $160 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $6,919/month

152 Days on Market

Highlights

  • 2,501 Sq Ft lot
  • Central Heating
  • 4-minute walk to Cesar E Chavez Park

About This Home

As of September 2016

33 Years !!! First Time On the Market ! We Are Pleased to Present A Great Opportunity To Acquire Mixed RESIDENTIAL & COMMERCIAL. Triplex Units And Retail Store. Located In The Heart Of Downtown Long Beach. This Subject Property Offers Three Units Mix of 1bed1bath /One Studio And One Retail Store. On The First Floor The Retail Store Is Leased Out As A Market And $3000.00 Per Month. On The Second Floor ALL Three Units Are Used By Owner And The Three Unites Will Be Vacant When The Escrow Is Closed. Electricity Paid By Tenants. Please Don 't Miss This Rare Opportunity !!!!

Last Agent to Sell the Property

Anna Kim

High Equity Real Estate Service, Inc. License #00797256 Listed on: 10/21/2015

Last Buyer's Agent

Andre Durango

License #01216158

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 2,501

Interior Spaces

  • 4,693 Sq Ft Home
  • 2-Story Property

Additional Features

  • 2,501 Sq Ft Lot
  • Central Heating

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 7278-020-047

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Living Area: 4693
  • Probate: No
  • Stories: 2
  • Year Built: 1930
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 189.64

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Utilities

  • Heating: Central

Lot Info

  • Assessor Parcel Number: 7278-020-047
  • Geocode Override: No
  • Lot Size Area: 2501

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Type Of Units: 3unit/retail

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2015
Closed on
Aug 4, 2016
Sold by
Hong Peter and The Jin Hee Rhee Revocable Tru
Bought by
Hamideh Ghaleb A
Seller's Agent
Anna Kim
High Equity Real Estate Service, Inc.
Buyer's Agent
Andre Durango
List Price
$790,000
Sold Price
$750,000
Premium/Discount to List
-$40,000
-5.06%
Current Estimated Value
$1,132,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$382,608
Avg. Annual Appreciation
4.69%
Original Mortgage
$490,000
Interest Rate
3.45%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 21, 2015
Closed on
Jul 28, 2016
Sold by
Hamideh Amani R
Bought by
Hamideh Ghaleb A
Seller's Agent
Anna Kim
High Equity Real Estate Service, Inc.
Buyer's Agent
Andre Durango
List Price
$790,000
Sold Price
$750,000
Premium/Discount to List
-$40,000
-5.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
3.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 29, 2014
Sold by
Rhee Jin Hee and 2013 Jin Hee Rhee Trust
Bought by
Rhee Jin Hee

Purchase Details

Closed on
Apr 29, 2013
Sold by
Rhee Jin Hee
Bought by
Rhee Jin Hee and 2013 Jin Hee Rhee Trust
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
Hamideh Ghaleb A $750,000 Old Republic Title
Hamideh Ghaleb A -- Old Republic Title
Rhee Jin Hee -- None Available
Rhee Jin Hee -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hamideh Ghaleb A $490,000
Previous Owner Hamideh Ghaleb A $490,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2016 09/19/16 Sold $750,000 -5.1% $160 / Sq Ft
03/21/2016 03/21/16 Pending -- -- --
10/21/2015 10/21/15 For Sale $790,000 -- $168 / Sq Ft
Source: The MLS

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 $11,967 $870,434 $417,807 $452,627
2024 $11,967 $853,367 $409,615 $443,752
2023 $11,750 $836,635 $401,584 $435,051
2022 $11,046 $820,231 $393,710 $426,521
2021 $10,792 $804,149 $385,991 $418,158
2019 $10,635 $780,300 $374,544 $405,756
2018 $10,358 $765,000 $367,200 $397,800
2016 $1,646 $53,802 $15,717 $38,085
2015 $1,606 $52,994 $15,481 $37,513
2014 $1,603 $51,957 $15,178 $36,779
Source: Public Records

Agents Affiliated with this Home

  • Anna Kim

    Seller's Agent in 2016

    Anna Kim

    High Equity Real Estate Service, Inc.

    (213) 216-4315

    20 Total Sales

    Anna Kim
    Section Image

  • A

    Buyer's Agent in 2016

    Andre Durango

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Source: The MLS

MLS Number: 15-953939

The MLS

APN: 7278-020-047

California Los Angeles County Long Beach 90802

West Village

Not Listed for Sale

MultiFamily

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