NOT LISTED FOR SALE

Estimated Value: $977,000 - $1,221,000

5 Beds
3 Baths
2,460 Sq Ft
$451/Sq Ft Est. Value

Last Sold November 25, 2012

Last sale price $485,000 $197 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $6,794/month

9 Days on Market

Highlights

  • Tile Flooring
  • Wood Siding
  • No Heating
  • Long Beach Polytechnic High School Rated A

About This Home

As of November 2012

Attractive corner tri-plex in Wrigley; turn-key condition with great curb appeal. All units are of spacious size with recently up-graded features including new carpeting, granite counter tops, tile bathrooms, tile flooring (entry, kitchen, and bathroom), refurbished cabinets and newer vanities. The property is fenced for security, tastefully landscaped for low maintenance and has a charming private courtyard in the rear of the building. Each unit has their own separate garage. This is a well performing property with stable on-time rents that has been well-maintained inside and out (no pets). Each unit has separate address, separate meters and separate entrances (front and rear). All units are presently rented. Excellent rental area, great community and no rent control. This property offers a great investment opportunity!

Last Agent to Sell the Property

Michael Borba

Borba Investment Realty License #01380572 Listed on: 10/26/2012

Last Buyer's Agent

Les Andre

Les Andre, Broker License #00460624

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 3,469

Home Design

  • 2,460 Sq Ft Home
  • Wood Siding
  • Stucco

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Car Garage
  • Front Facing Garage

Additional Features

  • 3,469 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 7 / A
  • Assessor Parcel Number 7205029009

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,007
  • Water Sewer Expense $1,151
  • New Taxes Expense $5,508
  • Gross Income $3,465
  • Net Operating Income $32,688

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.82
  • View: No
  • Water Sewer Expenses: 1151.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7205029009
  • Year Built: 1942
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Tile
  • Appliances: No
  • Price Per Square Foot: 197.15

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Garage Faces Front
  • Total Parking Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 3469.00
  • Lot Size Acres: 0.0800

Multi Family

  • Gross Income: 3465.00
  • Gross Multiplier: 11.52
  • Gross Scheduled Income: 41580.00
  • Insurance Expense: 1007.00
  • Lot Size Area: 3469.0000 Square Feet
  • Maintenance Percent: 5.00
  • Net Operating Income: 32688.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 8892.00

Tax Info

  • New Taxes Expense: 5508.00
  • Tax Area: 11934
  • Tax Block: A
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2020
Sold by
Wirtz Sarah Bascom
Bought by
Lbc Property Llc
Current Estimated Value
$1,108,614

Purchase Details

Closed on
Nov 25, 2019
Sold by
Sarron Enterprises Llc
Bought by
Wirtz Sarah Bascom

Purchase Details

Closed on
Aug 15, 2019
Sold by
Wirtz Sarah Bascom
Bought by
Sarron Enterprises Llc

Purchase Details

Closed on
Jul 22, 2019
Sold by
Christian Roney
Bought by
Wirtz Sarah Bascom

Purchase Details

Listed on
Oct 26, 2012
Closed on
Nov 13, 2012
Sold by
Kla Capstone Group 401K Plan Trust
Bought by
Kgw Properties Llc
Seller's Agent
Michael Borba
Borba Investment Realty
Buyer's Agent
Les Andre
Les Andre, Broker
List Price
$479,000
Sold Price
$485,000
Premium/Discount to List
$6,000
1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.50%

Purchase Details

Closed on
Jan 3, 2011
Sold by
Kirk Stephen D
Bought by
Kla Capstone Group 401 K Plan Trust

Purchase Details

Closed on
Jul 24, 2006
Sold by
Stockton David L
Bought by
Kirk Stephen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,100
Interest Rate
7.7%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 11, 2004
Sold by
Garcia Benson Deborah H and The Ocean City Properties Livi
Bought by
Stockton David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2004
Sold by
Stockton David L
Bought by
Garcia Benson Deborah H and The Ocean City Properties Living Trust

Purchase Details

Closed on
Jun 9, 2000
Sold by
First National Bank Of Chicago
Bought by
Herlacher Mary Nadine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,300
Interest Rate
8.55%

Purchase Details

Closed on
Nov 29, 1999
Sold by
Howell Marion
Bought by
First National Bank Of Chicago

Purchase Details

Closed on
Aug 21, 1998
Sold by
Richardson Rochelle J and Davis Theresa Walton
Bought by
Howell Marion

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
6.79%

Purchase Details

Closed on
Mar 14, 1997
Sold by
Broumand Andy H
Bought by
Richrdson Rochelle J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,950
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 1, 1995
Sold by
Maatubang Nestor Y and Maatubang Chona C
Bought by
Broumand Andy H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,950
Interest Rate
7.14%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Lbc Property Llc -- Stewart Title
Wirtz Sarah Bascom -- None Available
Sarron Enterprises Llc -- Ticor Title
Wirtz Sarah Bascom -- Wfg Title
Wirtz Sarah Bascom -- Ticor Title
Wirtz Sarah Bascom -- Ticor Title
Kgw Properties Llc $485,004 Calcounties Title Nation
Kla Capstone Group 401 K Plan Trust $310,000 Progressive Title Company
Kirk Stephen D $662,000 Orange Coast Title
Stockton David L -- Orange Coast Title
Garcia Benson Deborah H -- --
Herlacher Mary Nadine $160,500 American Title
First National Bank Of Chicago $157,500 Orange Coast Title
Howell Marion $210,000 Universal Title Company
Richrdson Rochelle J $170,000 Chicago Title
Broumand Andy H $108,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kirk Stephen D $592,100
Previous Owner Stockton David L $345,000
Previous Owner Herlacher Mary Nadine $144,300
Previous Owner Howell Marion $168,000
Previous Owner Richrdson Rochelle J $165,950
Previous Owner Broumand Andy H $80,950
Closed Howell Marion $42,000
Closed Stockton David L $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2012 11/25/12 Sold $485,000 +1.3% $197 / Sq Ft
11/04/2012 11/04/12 Pending -- -- --
10/26/2012 10/26/12 For Sale $479,000 -- $195 / 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 $12,040 $940,530 $546,820 $393,710
2024 $12,040 $922,090 $536,099 $385,991
2023 $11,836 $904,011 $525,588 $378,423
2022 $11,108 $886,286 $515,283 $371,003
2021 $10,884 $868,909 $505,180 $363,729
2020 $10,855 $860,000 $500,000 $360,000
2019 $7,004 $535,390 $220,780 $314,610
2018 $6,831 $524,893 $216,451 $308,442
2016 $6,280 $504,513 $208,047 $296,466
2015 $6,032 $496,935 $204,922 $292,013
2014 $5,999 $487,201 $200,908 $286,293
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: R1205406

California Regional Multiple Listing Service (CRMLS)

APN: 7205-029-009