NOT LISTED FOR SALE

1016 E Hill St Long Beach, CA 90806

Sunrise Neighborhood

Estimated Value: $642,000 - $733,000

6 Beds
3 Baths
1,848 Sq Ft
$368/Sq Ft Est. Value

Last Sold June 15, 2021

Last sale price $435,000 $235 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $4,069/month

3 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 3-minute walk to NAACP Freedom Park
  • Long Beach Polytechnic High School Rated A
  • Bike Trail

About This Home

As of June 2021

This two story rental/income property has lots of potential. Large front yard, located close to schools and parks. Sold as-is, extensive repairs required, financing may not be possible in current condition. Included in this sale are two parcels, 7210-024-033 and 7210-024-031. Note the 2nd parcel is landlocked and situated behind the first parcel. Long term tenant to remain in possession at closing. Please do not disturb occupant.

Last Agent to Sell the Property

William Van Tassel

Power Brokers Realty License #01833898 Listed on: 06/02/2021

Last Buyer's Agent

NoEmail NoEmail

None MRML License #N/A

None MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 6,500 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre
  • 7210024031

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage

Home Design

  • 1,848 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 4 / 1
  • Assessor Parcel Number 7210024033

Community Details

Overview

  • No Home Owners Association
  • Poly High Subdivision

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • New Taxes Expense $5,000
  • Operating Expense $6,200
  • Gross Income $21,600
  • Net Operating Income $15,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Poly High (PH)
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7210024033
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 235.39

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 7210024031
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6500.00
  • Lot Size Acres: 0.1492
  • Latitude Manual: 33.79673700

Multi Family

  • Gross Income: 21600.00
  • Gross Scheduled Income: 21600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6500.0000 Square Feet
  • Net Operating Income: 15400.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Operating Expense: 6200.00
  • Rent Control: Yes
  • Total Expenses: 6200.00

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Block: 1
  • Tax Census Tract: 5733.00
  • Tax Lot: 4
  • Tax Tract Number: Hil...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2021
Closed on
Jun 8, 2021
Sold by
Shelley Marianne and Shelley Oren George
Bought by
Perez Alfaro Leonardo Cesar and Lopez Tinoco Maria
Seller's Agent
William Van Tassel
Power Brokers Realty
Buyer's Agent
NoEmail NoEmail
None MRML
List Price
$435,000
Sold Price
$435,000
Current Estimated Value
$679,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,243
Avg. Annual Appreciation
10.34%

Purchase Details

Closed on
Nov 6, 2012
Sold by
Shelley Marianne and Shelley Oren George
Bought by
Shelley Marianne and Shelley Oren George

Purchase Details

Closed on
Mar 5, 2002
Sold by
Manhart Raymond J
Bought by
Shelley Oren George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
6.3%
Mortgage Type
Negative Amortization
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
Perez Alfaro Leonardo Cesar $435,000 Fidelity National Title
Shelley Marianne -- None Available
Shelley Oren George -- Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shelley Oren George $142,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2021 06/15/21 Sold $435,000 0.0% $235 / Sq Ft
06/05/2021 06/05/21 Pending -- -- --
06/02/2021 06/02/21 For Sale $435,000 -- $235 / 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 $6,118 $477,543 $318,362 $159,181
2024 $6,118 $468,180 $312,120 $156,060
2023 $6,013 $459,000 $306,000 $153,000
2022 $5,646 $450,000 $300,000 $150,000
2021 $2,213 $155,981 $30,642 $125,339
2020 $2,206 $154,382 $30,328 $124,054
2019 $2,182 $151,356 $29,734 $121,622
2018 $2,093 $148,389 $29,151 $119,238
2016 $1,917 $142,628 $28,020 $114,608
2015 $1,845 $140,487 $27,600 $112,887
2014 $1,838 $137,736 $27,060 $110,676
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2021

    William Van Tassel

    Power Brokers Realty

    Section Image

  • N

    Buyer's Agent in 2021

    NoEmail NoEmail

    None MRML

    (646) 541-2551

    4 in this area

    6,160 Total Sales

    NoEmail NoEmail
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21118339

California Regional Multiple Listing Service (CRMLS)

APN: 7210-024-031

California Los Angeles County Long Beach 90806 Sunrise

1016 E Hill St, Long Beach, CA

Not Listed for Sale

MultiFamily

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