NOT LISTED FOR SALE

Estimated Value: $837,000 - $1,067,000

4 Beds
3 Baths
1,954 Sq Ft
$498/Sq Ft Est. Value

Last Sold June 20, 2016

Last sale price $550,000 $281 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $5,841/month

20 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Wall Furnace
  • Corner Lot

About This Home

As of June 2016

Lovely Long Beach Triplex situated on a large corner lot. The main house is a move-in ready detached 2 bed/1bath plus an office which has been used as 3rd bedroom in the past. The 2nd and 3rd unit both have 1 bed / 1 bath each and both are currently rented. This property has a great set up where the detached main house has it's own private yard and entrance on 68th St and the back units face Orcutt street. The front unit could be a great owner occupied unit. It has hardwood floors, a nice open kitchen with granite counters, and a full bathroom with travertine tile in the shower, slate tile floors and a nice new vanity. This unit also has dual pane windows throughout and a full laundry room off the kitchen for convenience and a large front yard and fenced-in side yard. The back units both have their own separate gated parking area plus there is a 2 car garage. This property would make a great rental or perfect for someone to live in the main house and collect $1950 in rent from the back units to help with the mortgage.

Last Agent to Sell the Property

Megan Edner

Edner & Associates Real Estate Services License #01437099 Listed on: 04/01/2016

Co-Listed By

Adolfo Orozco

Excellence Premier Real Estate License #01734492

Last Buyer's Agent

Micah Eigler

First Capital Real Estate Group License #01367951

First Capital Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 6,371 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 1,954 Sq Ft Home

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 25
  • Tax Tract Number 6792
  • Assessor Parcel Number 7304007022

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $1,000
  • Trash Expense $250
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,325
  • Gross Income $1,950
  • Net Operating Income $1,950

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7304007022
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Levels: One
  • Price Per Square Foot: 281.47

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room, Outside
  • Trash Expense: 250.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 6371.00
  • Price Per Lot Square Foot: 86.33

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 1950.00
  • Gross Scheduled Income: 1950.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 1950.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Actual Rent: 1950.00

Tax Info

  • New Taxes Expense: 6325.00
  • Tax Lot: 25
  • Tax Tract Number: 6792

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2016
Closed on
May 11, 2016
Sold by
Willowstream Exchange Company Llc
Bought by
Gonzalez Abraham D and Gonzalez Karla I
Seller's Agent
Megan Edner
Edner & Associates Real Estate Services
Buyer's Agent
Micah Eigler
First Capital Real Estate Group
List Price
$549,900
Sold Price
$550,000
Premium/Discount to List
$100
0.02%
Current Estimated Value
$972,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$422,333
Avg. Annual Appreciation
6.17%
Original Mortgage
$563,613
Outstanding Balance
$246,006
Interest Rate
3.61%
Mortgage Type
New Conventional
Estimated Equity
$726,327

Purchase Details

Listed on
Apr 1, 2016
Closed on
Apr 27, 2016
Sold by
Edner Megan
Bought by
Willowstream Exchange Company Llc
Seller's Agent
Megan Edner
Edner & Associates Real Estate Services
Buyer's Agent
Micah Eigler
First Capital Real Estate Group
List Price
$549,900
Sold Price
$550,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$563,613
Outstanding Balance
$246,006
Interest Rate
3.61%
Mortgage Type
New Conventional
Estimated Equity
$726,327

Purchase Details

Listed on
Jul 23, 2014
Closed on
Nov 10, 2014
Sold by
Briceno Andres
Bought by
Edner Megan
Seller's Agent
Navy Ortiz
Bronwyn Realty Inc
Buyer's Agent
Megan Edner
Edner & Associates Real Estate Services
List Price
$435,000
Sold Price
$400,000
Premium/Discount to List
-$35,000
-8.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.02%
Original Mortgage
$280,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 23, 2014
Closed on
Nov 1, 2014
Sold by
Hun Vimol V and Hun Woody V
Bought by
Edner Megan
Seller's Agent
Navy Ortiz
Bronwyn Realty Inc
Buyer's Agent
Megan Edner
Edner & Associates Real Estate Services
List Price
$435,000
Sold Price
$400,000
Premium/Discount to List
-$35,000
-8.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2012
Sold by
Hun Vimol V and Hun Woody V
Bought by
Hun Vimol V and Hun Woody V

Purchase Details

Closed on
May 27, 2011
Sold by
Federal National Mortgage Association
Bought by
Hun Vimol V and Hun Woody V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
4.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2010
Sold by
Sazo Blanca
Bought by
Federal National Mortgage Association and Fannie Mae

Purchase Details

Closed on
Nov 24, 2008
Sold by
Flores Jaime and Flores Martha
Bought by
Sazo Blanca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 2005
Sold by
St Hilaire Carol M and Carol M St Hilaire Living Trus
Bought by
Flores Jaime and Flores Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,200
Interest Rate
6.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 15, 2003
Sold by
Sthilaire Carol
Bought by
Sthilaire Carol M and The Carol M Sthilaire Living T

Purchase Details

Closed on
Jan 22, 2002
Sold by
Escalante Emperatriz C
Bought by
Escalante Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,079
Interest Rate
7.11%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 29, 2001
Sold by
Escalante Carlos
Bought by
Sthilaire Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,079
Interest Rate
7.11%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 19, 1998
Sold by
Hud
Bought by
Escalante Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,646
Interest Rate
6.96%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 5, 1998
Sold by
Midfirst Bank
Bought by
Hud

Purchase Details

Closed on
Sep 12, 1997
Sold by
Murphy Michael B
Bought by
Midfirst Bank and Midfirst Savings & Loan Association

Purchase Details

Closed on
Jan 22, 1996
Sold by
Salcedo Paul A
Bought by
Isas Gustavo

Purchase Details

Closed on
Sep 1, 1995
Sold by
Murphy Michael B
Bought by
Salcedo Paul A

Purchase Details

Closed on
Nov 17, 1994
Sold by
Sanchez Armando and Barahona Dolores
Bought by
Murphy Michael
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gonzalez Abraham D $550,000 First American Title
Willowstream Exchange Company Llc -- None Available
Edner Megan -- Orange Coast Title Company
Edner Megan $400,000 Orange Coast Title Company
Hun Vimol V -- Accommodation
Hun Vimol V $325,000 Servicelink
Federal National Mortgage Association $420,686 Accommodation
Sazo Blanca -- Investors Title Company
Flores Jaime $539,000 United Independent Title
Sthilaire Carol M -- --
Escalante Carlos -- Ticor Title
Sthilaire Carol $189,500 Ticor Title
Escalante Carlos $112,000 --
Hud -- United Title Company
Midfirst Bank $151,009 United Title Company
Isas Gustavo -- --
Salcedo Paul A $133,636 --
Murphy Michael $20,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Abraham D $563,613
Previous Owner Edner Megan $280,000
Previous Owner Hun Vimol V $243,750
Previous Owner Sazo Blanca $388,000
Previous Owner Flores Jaime $431,200
Previous Owner Sthilaire Carol $186,079
Previous Owner Escalante Carlos $119,646
Closed Escalante Carlos $119,646
Closed Flores Jaime $107,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/20/2016 06/20/16 Sold $550,000 0.0% $281 / Sq Ft
04/21/2016 04/21/16 Pending -- -- --
04/01/2016 04/01/16 For Sale $549,900 +37.5% $281 / Sq Ft
11/13/2014 11/13/14 Sold $400,000 -8.0% $205 / Sq Ft View Prior Sale
08/18/2014 08/18/14 Pending -- -- --
02/14/2014 02/14/14 For Sale $435,000 -- $223 / 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 $8,960 $651,081 $236,756 $414,325
2024 $8,587 $638,315 $232,114 $406,201
2023 $8,451 $625,800 $227,563 $398,237
2022 $7,953 $613,530 $223,101 $390,429
2021 $7,801 $601,501 $218,727 $382,774
2020 $7,781 $595,335 $216,485 $378,850
2019 $7,688 $583,663 $212,241 $371,422
2018 $7,429 $572,220 $208,080 $364,140
2016 $5,169 $406,099 $192,897 $213,202
2015 $4,964 $400,000 $190,000 $210,000
2014 $4,342 $339,664 $182,896 $156,768
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16066856

California Regional Multiple Listing Service (CRMLS)

APN: 7304-007-022