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2022 East 7th Street

2022 East 7th Street, Long Beach, CA 90804
Property in Franklin School
Sold Sep 29, 2021
$2,375,000
$1,450,000 by Financial Partners Cu
Mortgage
Sold May 31, 1994
$253,000
$202,400 by American Svg Bank
Mortgage Due Jun 01, 2009
2022 East 7th Street in Long Beach, CA was first built in 1986 and is 38 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 16 are bedrooms. In terms of bathrooms, there are a total of 16 full bathrooms. There are 16 partial bathrooms. 2022 East 7th Street has 6,944 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 7,002 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of composition shingle. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. The exterior walls of the home are made of stucco. As for heating, the home is utilizing a heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2022 East 7th Street sold most recently in Sep 23, 2021 for a total of $2,375,000. If you work out the math, that's approximately a cost of $342.02 per sqft. Before that, the property was also sold for $253,000 in Apr 12, 1994. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $29,818 in taxes each year. 2022 East 7th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,422,500. If we break it down further, the land itself was valued at $1,020,000. Improvements to the property, however, were assessed at a total of $1,402,500. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 16
  • Bathroom Count: 16
  • Full Bathrooms: 16
  • Partial Bathrooms: 16
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 8
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,002
  • Total Building Area: 6,944
  • Gross Building Area: 6,944
  • Building Area: 6,944
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 6,944
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ALAMITOS TRACT
  • Land Acres: 0.161
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: RESUBDIVISION OF PORTIONS OF THE ALAMITOS TRACT AND ALAMITOS BEACH TOWNSITE S 140 FT OF N 150 FT OF E 50 FT OF W 150 FT OF LOT 4 BLK F

Ownership

  • Current Owner : GGC 2022 LLC
  • Previous Owner : FUITHEIM GARY
  • Previous Owner 2: MOORE JAMES A
  • Owner Before Previous Owner: AMERICAN SVGS BANK FA
  • Ownership Rights Codes: Tenants in Common
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Long Beach Unified School District
  • Census Tract: 576801

Zoning

  • Zoning: LBCCA

Geography

  • Assessors Map Reference: 75-E5
  • Parcel: 7262-025-003
  • Block: F
  • Lot: 4
  • Municipality: SOUTH /CENT. LONG BEACH
  • Latitude: 33.775
  • Longitude: -118.167

    Address

  • Full Address: 2022 E 7th St
  • Address - House Number: 2022
  • Street Direction: E
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Long Beach
  • Carrier Code: C001
  • 4-Digit Zip Code: 4566
  • Zip Code: 90804

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $29,818
  • Tax Rate Code Area: 05-500

    Appraisal Valuation

  • Standard Deviation: 0.221
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 55
  • Final Value: 2,251,096
  • High Value: 2,748,685
  • Low Value: 1,753,506

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,450,000
  • First Open Lien Mortgage Lender: FINANCIAL PARTNERS CU
  • First Open Lien Mortgage Recording Date: Sep 29, 2021
  • First Open Lien Mortgage Loan Amount: $1,450,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,422,500
  • Assessed Land Value: $1,020,000
  • Assessed Improvements Value: $1,402,500

    Sales

  • Current Sale Contract Date: Sep 23, 2021
  • Current Sale Recording Date: Sep 29, 2021
  • Current Sale Transaction ID: 11857385039
  • Current Sale Price: $2,375,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1483557
  • Previous Sale Recording Date: May 31, 1994
  • Previous Sale Contract Date: Apr 12, 1994
  • Previous Sale Amount: $253,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCIAL PARTNERS CU
  • First Mortgage Transaction Date: Sep 29, 2021
  • First Mortgage Loan Amount: $1,450,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN SVG BANK
  • Previous Mortgage Transaction Date: May 31, 1994
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $202,400
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jun 01, 2009

About Franklin School



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Frequently Asked Questions

What neighborhood is 2022 East 7th Street located in?
The 2022 East 7th Street is a located in the neighborhood of Franklin School in Franklin School, Long Beach.
What is the average sales price for listings in 2022 East 7th Street?
The average sales price for units in 2022 East 7th Street is $0 currently.

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