NOT LISTED FOR SALE
3 Beds
2 Baths
9,050 Sq Ft
1961 Built

Sale Details

Date Sold: April 30, 2013

Last sale price $1,375,000 $152 Per Sq Ft

113 Days on Market

Highlights

  • Traditional Architecture
  • No Heating
  • 5-minute walk to Craftsman Village Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of April 2013

This attractive property is located in a developing area of the city. The building has 12 two bedroom units and 2 one bedroom units. There are seven marked spaces for parking and there is room for an additional six to seven vehicles on the property. Several of the units have been recently renovated with new paint, carpet and vinyl flooring.

Last Agent to Sell the Property

Steven Diamond

Coldwell Banker Realty License #01489159 Listed on: 11/11/2012

Coldwell Banker Realty

Last Buyer's Agent

Steven Diamond

Coldwell Banker Realty License #01489159 Listed on: 11/11/2012

Coldwell Banker Realty
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Home Design

  • 9,050 Sq Ft Home
  • Traditional Architecture
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 7 Parking Spaces
  • 6 Carport Spaces

Utilities

  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 7274009032

Community Details

Overview

  • 14 Units

Building Details

  • 15 Separate Electric Meters
  • 14 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,000
  • Insurance Expense $2,819
  • Other Expense $20,000
  • Professional Management Expense $8,400
  • Water Sewer Expense $13,500
  • New Taxes Expense $14,974
  • Gross Income $14,467
  • Net Operating Income $129,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Listing Details

  • Assessments: No
  • CapRate: 9.98
  • Professional Management Expense: 8400.00
  • View: No
  • Water Sewer Expenses: 13500.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7274009032
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Three Or More
  • Price Per Square Foot: 151.93

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: No
  • Total Parking Spaces: 7.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Electric Expense: 2000.00
  • Gross Income: 14467.00
  • Gross Multiplier: 7.49
  • Gross Scheduled Income: 172800.00
  • Insurance Expense: 2819.00
  • Net Operating Income: 129300.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 3625.00
  • Other Expense: 20000.00
  • Other Expense Description: Repairs

Tax Info

  • New Taxes Expense: 14974.00
  • Tax Lot: 00
  • Tax Tract Number: 00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2012
Closed on
Mar 6, 2013
Sold by
Bought by
Seller's Agent
Steven Diamond
Coldwell Banker Realty
Buyer's Agent
Steven Diamond
Coldwell Banker Realty
List Price
$1,295,000
Sold Price
$1,375,000
Premium/Discount to List
$80,000
6.18%

Purchase Details

Closed on
Feb 25, 2004
Sold by
Bought by

Purchase Details

Closed on
Nov 20, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$843,750
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 17, 1997
Sold by
Bought by

Purchase Details

Closed on
May 31, 1997
Sold by
Bought by

Purchase Details

Closed on
Jan 31, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,375,000 Equity Title Orange County-I
-- Fidelity National Title Co L
$1,125,000 Fidelity National Title Co L
$320,000 Investors Title Company
$317,229 Stewart Title
-- Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $150,000
Open $1,370,000
Closed $1,500,000
Previous Owner $843,750
Previous Owner $107,490
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/30/2013 04/30/13 Sold $1,375,000 +6.2% $152 / Sq Ft
03/04/2013 03/04/13 Pending -- -- --
11/11/2012 11/11/12 For Sale $1,295,000 -- $143 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $24,593 $1,693,201 $1,182,164 $511,037
2024 $24,951 $1,660,002 $1,158,985 $501,017
2023 $22,841 $1,627,454 $1,136,260 $491,194
2022 $21,479 $1,595,544 $1,113,981 $481,563
2021 $20,992 $1,564,260 $1,092,139 $472,121
2019 $20,691 $1,517,865 $1,059,747 $458,118
2018 $20,067 $1,488,104 $1,038,968 $449,136
2016 $18,453 $1,430,322 $998,625 $431,697
2015 $17,739 $1,408,838 $983,625 $425,213
2014 $17,674 $1,381,242 $964,358 $416,884
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: U12004306

California Regional Multiple Listing Service (CRMLS)
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