NOT LISTED FOR SALE

Estimated Value: $647,000 - $748,000

2 Beds
2 Baths
1,128 Sq Ft
$613/Sq Ft Est. Value

Last Sold July 29, 2016

Last sale price $369,000 $327 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $4,260/month

12 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • 5-minute walk to Rosa Parks Park
  • Long Beach Polytechnic High School Rated A
  • Wall Furnace

About This Home

As of July 2016

Fantastic duplex with updated vinyl windows and sectional automatic garage doors. Across from Community Park. Excellent and popular rental due to convenient location. Close to many restaurants; a short hop away from 710fwy, 605fwy, 22fwy, and 405fwy; short drive to Cal State Long Beach, just 15 blocks away from beaches, downtown long beach/convention center/Pine Ave nightlife; and a 3 mile drive to trendy Belmont Shores. Driveway parking. Priced to sell quickly in hot Long Beach market. Owner is leaving money on the table. This duplex may be worth even more if converted into a perfect 3 bedroom 2ba house w/ 2 car garage, yard, & white picket fence. Perfect for a first time homebuyer or as an investment duplex, or convert into a 3 bedroom 2 ba rental house and let new rental family pay all of the utilities, including water and trash. Other rentals in area have tiny lots but this property has a spacious corner lot w/ big back yard.
Excellent Location.

Last Agent to Sell the Property

Jamie Anvaripour

Estate Properties License #00964891 Listed on: 06/02/2016

Last Buyer's Agent

Edgar Rangel

Circle Real Estate License #01928763

Circle Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,098

Year Built

  • Built in 1943

Lot Details

  • 4,206 Sq Ft Lot
  • 1 Common Wall

Parking

  • 1 Car Garage

Home Design

  • 1,128 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Property is near public transit
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 5020
  • Assessor Parcel Number 7268021014

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $700
  • Trash Expense $400
  • Water Sewer Expense $450
  • New Taxes Expense $4,600
  • Gross Income $1,700
  • Net Operating Income $18,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,098

Year Built

Built in 1943

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 450.00
  • Property Type: Residential Income
  • Parcel Number: 7268021014
  • Year Built: 1943
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 327.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Trash Expense: 400.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 4206.00
  • Price Per Lot Square Foot: 87.73

Multi Family

  • Gross Income: 1700.00
  • Gross Scheduled Income: 20400.00
  • Insurance Expense: 700.00
  • Net Operating Income: 18900.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 1500.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4600.00
  • Tax Lot: 1
  • Tax Tract Number: 5020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2021
Sold by
Ngor Matthew
Bought by
Roque Omar
Current Estimated Value
$691,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$429,250
Outstanding Balance
$382,702
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$309,185

Purchase Details

Listed on
Jun 2, 2016
Closed on
Jul 5, 2016
Sold by
Yang-88 Enterprises Llc
Bought by
Ngor Matthew
Seller's Agent
Jamie Anvaripour
Estate Properties
Buyer's Agent
Edgar Rangel
Circle Real Estate
List Price
$389,000
Sold Price
$369,000
Premium/Discount to List
-$20,000
-5.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.06%
Original Mortgage
$356,684
Interest Rate
3.12%
Mortgage Type
FHA

Purchase Details

Closed on
May 10, 2004
Sold by
Arrezola Ramon
Bought by
Yang-88 Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.08%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 29, 2003
Sold by
Arrezola Estela
Bought by
Arrezola Ramon

Purchase Details

Closed on
Sep 15, 2003
Sold by
Martinez Gladys
Bought by
Arrezola Ramon

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
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 19, 1998
Sold by
California Dream Realtor Inc
Bought by
Martinez Gladys

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,182
Interest Rate
6.84%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 7, 1998
Sold by
Torres Gustavo and Torres Eduviges
Bought by
California Dreams

Purchase Details

Closed on
Aug 22, 1995
Sold by
Va
Bought by
Torres Gustavo H and Torres Eduviges

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 1, 1994
Sold by
Fleet Mtg Corp
Bought by
Va

Purchase Details

Closed on
Aug 23, 1994
Sold by
Stokley Will and Stokley Kathy J
Bought by
Fleet Mtg Corp
Source: Public Records

Range of Values:

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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
Roque Omar $505,000 First American Title Company O
Ngor Matthew $369,000 Lawyers Title
Yang-88 Enterprises Llc $300,000 Fidelity Van Nuys
Arrezola Ramon -- Fidelity Van Nuys
Arrezola Ramon $210,000 Fidelity Van Nuys
Martinez Gladys $125,000 United Title Company
California Dreams -- --
Torres Gustavo H $100,000 South Coast Title
Va -- First Southwestern Title Co
Fleet Mtg Corp $79,929 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roque Omar $429,250
Previous Owner Ngor Matthew $356,684
Previous Owner Yang-88 Enterprises Llc $240,000
Previous Owner Arrezola Ramon $168,000
Previous Owner Martinez Gladys $124,182
Previous Owner Torres Gustavo H $100,000
Closed Arrezola Ramon $42,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2016 07/29/16 Sold $369,000 -5.1% $327 / Sq Ft
06/17/2016 06/17/16 For Sale $389,000 -- $345 / 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 $7,098 $546,626 $324,729 $221,897
2024 $7,098 $535,909 $318,362 $217,547
2023 $6,978 $525,402 $312,120 $213,282
2022 $6,554 $515,100 $306,000 $209,100
2021 $5,039 $395,639 $214,439 $181,200
2020 $5,025 $391,584 $212,241 $179,343
2019 $4,965 $383,907 $208,080 $175,827
2018 $4,766 $376,380 $204,000 $172,380
2016 $4,449 $360,305 $300,258 $60,047
2015 $4,272 $354,894 $295,748 $59,146
2014 $4,248 $347,943 $289,955 $57,988
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16131257

California Regional Multiple Listing Service (CRMLS)

APN: 7268-021-014