NOT LISTED FOR SALE

Estimated Value: $801,000 - $929,000

3 Beds
2 Baths
1,454 Sq Ft
$587/Sq Ft Est. Value

Last Sold August 03, 2015

Last sale price $465,000 $320 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,067/month

104 Days on Market

About This Home

As of August 2015

Very well maintained Multi family property centrally located in the heart of Long Beach. A block away from the acclaimed Rose Park Historic District. Enter white picket fenced front house with porch, you will be pleasantly welcomed to a spacious 2 bdrm light and bright 1 bath, hardwood floors, functional kitchen with built breakfast nook. Back house has 1 bdrm 1 bath just as welcoming if not cozy with its own private yard. Live in front/ rent out the back or live in front and man ( or woman) cave the back. Lots of potential

Last Agent to Sell the Property

Jeff Brandolino

Brandolino Group, Inc. License #01259914 Listed on: 03/12/2015

Last Buyer's Agent

Cynthia Lambert

OCM Real Estate Services License #01194414

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 3,817 Sq Ft Lot

Parking

  • 1 Parking Space

Home Design

  • 1,454 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 7262-003-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1454
  • Year Built: 1922
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 337.00

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Total Parking: 1

Fee Information

  • Insurance Expense: 364.00

Lot Info

  • Assessed Improvement Value: 45210
  • Assessed Land Value: 52750
  • Assessor Parcel Number: 7262-003-021
  • Geocode Override: No
  • Lot Size Area: 3817

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Type Of Units: 2

Tax Info

  • Tax Expense: 1400.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2015
Closed on
Jul 7, 2015
Sold by
Larue Paddy Wilson and The Paddle Larue 2006 Living T
Bought by
Gharaibeh Scott and Nicolas Chantal
Seller's Agent
Jeff Brandolino
Brandolino Group, Inc.
Buyer's Agent
Cynthia Lambert
OCM Real Estate Services
List Price
$490,000
Sold Price
$465,000
Premium/Discount to List
-$25,000
-5.1%
Current Estimated Value
$853,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$388,630
Avg. Annual Appreciation
6.00%
Original Mortgage
$454,212
Outstanding Balance
$358,924
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$494,706

Purchase Details

Closed on
Feb 8, 2011
Sold by
Larue Paddie
Bought by
Larue Paddie and The Paddie Larue Living Trust

Purchase Details

Closed on
May 14, 1996
Sold by
Galloway Robert
Bought by
Nguyen Ngan Q

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,150
Interest Rate
8.23%
Mortgage Type
FHA
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
Gharaibeh Scott $465,000 Orange Coast Title Company
Larue Paddie -- None Available
Larue Paddie -- None Available
Nguyen Ngan Q $199,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gharaibeh Scott $454,212
Previous Owner Nguyen Ngan Q $193,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2015 08/03/15 Sold $465,000 -5.1% $320 / Sq Ft
06/24/2015 06/24/15 Pending -- -- --
03/12/2015 03/12/15 For Sale $490,000 -- $337 / Sq Ft
Source: The MLS

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 $7,131 $550,457 $384,729 $165,728
2024 $7,131 $539,665 $377,186 $162,479
2023 $7,010 $529,085 $369,791 $159,294
2022 $6,583 $518,712 $362,541 $156,171
2021 $6,450 $508,542 $355,433 $153,109
2020 $6,433 $503,329 $351,789 $151,540
2019 $6,358 $493,461 $344,892 $148,569
2018 $6,164 $483,786 $338,130 $145,656
2016 $5,671 $465,000 $325,000 $140,000
2015 $1,415 $99,916 $53,803 $46,113
2014 $1,417 $97,960 $52,750 $45,210
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-885275

The MLS

APN: 7262-003-021