Seller's Agent in 2014
Brian Thornton
Thornton Realty
(562) 756-9354
5 Total Sales
1016 E 20th St Long Beach, CA 90806
Sunrise NeighborhoodEstimated Value: $1,408,538 - $1,627,000
10
Beds
4
Baths
4,199
Sq Ft
$361/Sq Ft
Est. Value
About This Home
As of October 2014Near park, schools and public transit, this is an opportunity to own fully occupied complex with 4 three bedroom units and 2 one bedroom units. Court ordered sale to dissolve partnership. Sale subject to court approval. Do not disturb tenants.
Expense figures do not include financing. In Long Beach, water,sewer, trash and gas are one bill and are shown in water/sewer category. There are separate gas meters and electric meters for the units. Licenses include business license and health permit.
Subject to Cancellation of Existing Escrow.
Last Agent to Sell the Property
Thornton Realty License #00878594 Listed on: 03/26/2014
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,168
Year Built
- Built in 1957
Lot Details
- 5,996 Sq Ft Lot
- Two or More Common Walls
- Density is 11-15 Units/Acre
Parking
- 6 Parking Spaces
Home Design
- 4,199 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 10 Bedrooms
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 11
- Tax Tract Number 3243
- Assessor Parcel Number 7210020012
Community Details
Overview
- 2 Buildings
- 6 Units
Building Details
- 6 Leased Units
- 7 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $72
- Insurance Expense $2,271
- Maintenance Expense $8,288
- Other Expense $512
- Pest Control $720
- Professional Management Expense $3,200
- Water Sewer Expense $2,525
- New Taxes Expense $9,688
- Gross Income $7,050
- Net Operating Income $52,595
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 11, 2014
Sold by
Khem Scott
Bought by
Chheang Michelle S
Current Estimated Value
Purchase Details
Closed on
Aug 6, 2014
Sold by
Bulmer Patrick and Mchugh Rich
Bought by
Lee Jennifer Chheang and Chheang Michelle S
Purchase Details
Closed on
Apr 22, 2014
Sold by
Mchugh Theresa
Bought by
Mchugh Rich
Purchase Details
Closed on
May 25, 2006
Sold by
Ellis John and Ellis Vilma
Bought by
Wizark Llc
Purchase Details
Closed on
Mar 11, 2003
Sold by
Asr Properties Inc
Bought by
Ellis John and Ellis Vilma
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,000
Interest Rate
5.72%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 16, 2002
Sold by
Ngam Sokchea and Soch Reang
Bought by
Asr Properties Inc
Purchase Details
Closed on
Dec 1, 2000
Sold by
Hoffman Margaret
Bought by
Ngam Sokchea and Soch Reang
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,865
Interest Rate
8.38%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chheang Michelle S | -- | Fidelity National Title Co | |
| Lee Jennifer Chheang | -- | Fidelity National Title Co | |
| Lee Jennifer Chheang | $750,000 | Fidelity National Title Co | |
| Mchugh Rich | -- | Ticor Title | |
| Wizark Llc | -- | None Available | |
| Ellis John | $490,000 | United Title Company | |
| Asr Properties Inc | $399,000 | Lawyers Title | |
| Ngam Sokchea | $230,000 | Old Republic Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ellis John | $366,000 | |
| Previous Owner | Ngam Sokchea | $166,865 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/16/2014 10/16/14 | Sold | $750,000 | -3.2% | $179 / Sq Ft |
| 08/04/2014 08/04/14 | Pending | -- | -- | -- |
| 03/26/2014 03/26/14 | For Sale | $775,000 | 0.0% | $185 / Sq Ft |
| 02/05/2013 02/05/13 | Rented | $850 | 0.0% | -- |
| 02/05/2013 02/05/13 | Under Contract | -- | -- | -- |
| 01/30/2013 01/30/13 | For Rent | $850 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,168 | $901,378 | $360,551 | $540,827 |
| 2024 | $12,168 | $883,705 | $353,482 | $530,223 |
| 2023 | $11,956 | $866,378 | $346,551 | $519,827 |
| 2022 | $11,239 | $849,391 | $339,756 | $509,635 |
| 2021 | $10,994 | $832,738 | $333,095 | $499,643 |
| 2019 | $10,837 | $808,040 | $323,216 | $484,824 |
| 2018 | $10,503 | $792,197 | $316,879 | $475,318 |
| 2016 | $9,659 | $761,437 | $304,575 | $456,862 |
| 2015 | $9,281 | $750,000 | $300,000 | $450,000 |
| 2014 | $7,461 | $578,917 | $190,213 | $388,704 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Thornton
-
Choeun Kem
C
Buyer's Agent in 2014
Choeun Kem
Pacific Delta
(562) 599-7376
1 in this area
5 Total Sales
-
R
Seller's Agent in 2013
Rich McHugh
Realty One Group West
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW14062100
APN: 7210-020-012
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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