NOT LISTED FOR SALE

1000 Walnut Ave Long Beach, CA 90813

Hellman Neighborhood

Estimated Value: $1,348,612

2 Beds
6 Baths
3,938 Sq Ft
$342/Sq Ft Est. Value

Last Sold July 27, 2012

Last sale price $370,000 $94 Per Sq Ft

Est. 264% increase in value since last sale

Current estimated payment $7,880/month

58 Days on Market

About This Home

As of July 2012

REO!!! Fantastic investment opportunity to own a detached single family residence plus a mixed-use building on a great location. Price reduced for fast sale.

Last Agent to Sell the Property

Janet Pak

BK Platinum Properties License #01184630 Listed on: 04/04/2012

Last Buyer's Agent

Janet Pak

BK Platinum Properties License #01184630 Listed on: 04/04/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,532

Parking

  • 3 Parking Spaces

Home Design

  • 3,938 Sq Ft Home

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 5764
  • Assessor Parcel Number 7267011013

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $4,000
  • Net Operating Income $4,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

5,532 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 0.98
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 7267011013
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 93.96

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Average1 Bed Area: 1358
  • Average2 Bed Area: 1290
  • Average3 Bed Area: 1290
  • Gross Income: 4000.00
  • Gross Multiplier: 102.50
  • Gross Scheduled Income: 4000.00
  • Net Operating Income: 4000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 3

Tax Info

  • Tax Lot: 12
  • Tax Tract Number: 5764

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2016
Sold by
North By Northwest Commercial Inc
Bought by
Woods Jon M
Current Estimated Value
$1,348,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 4, 2012
Closed on
Jun 5, 2012
Sold by
Wilshire State Bank
Bought by
North By Northwest Commercial Inc
Seller's Agent
Janet Pak
BK Platinum Properties
Buyer's Agent
Janet Pak
BK Platinum Properties
List Price
$500,000
Sold Price
$370,000
Premium/Discount to List
-$130,000
-26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.98%
Original Mortgage
$300,000
Interest Rate
3.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 23, 2012
Sold by
Zullo Sean E
Bought by
Wilshire State Bank

Purchase Details

Closed on
Apr 28, 2006
Sold by
Chung Hor
Bought by
Zullo Sean E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,000
Interest Rate
6.41%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 29, 2003
Sold by
Alotis Carrie W
Bought by
Chung Hor
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
Woods Jon M $700,000 Chicago Title Company
North By Northwest Commercial Inc $370,000 Orange Coast Title Company O
Wilshire State Bank $314,990 Chicago Title Co
Zullo Sean E $648,000 Ticor Title Co Glendale
Chung Hor $355,000 Fidelity
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Woods Jon M $525,000
Previous Owner North By Northwest Commercial Inc $300,000
Previous Owner Zullo Sean E $339,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2012 07/27/12 Sold $370,000 -26.0% $94 / Sq Ft
06/01/2012 06/01/12 Pending -- -- --
04/04/2012 04/04/12 For Sale $500,000 -- $127 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,193 $828,652 $295,947 $532,705
2024 $11,193 $812,405 $290,145 $522,260
2023 $10,998 $796,476 $284,456 $512,020
2022 $10,340 $780,860 $278,879 $501,981
2021 $10,114 $765,550 $273,411 $492,139
2020 $10,087 $757,701 $270,608 $487,093
2019 $9,970 $742,845 $265,302 $477,543
2018 $9,637 $728,280 $260,100 $468,180
2016 $5,216 $384,886 $176,839 $208,047
2015 $5,021 $379,105 $174,183 $204,922
2014 $4,989 $371,679 $170,771 $200,908
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Janet Pak

    BK Platinum Properties

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P817622

California Regional Multiple Listing Service (CRMLS)

APN: 7267-011-013

California Los Angeles County Long Beach 90813 Hellman

1000 Walnut Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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