Seller's Agent in 2018
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
1 in this area
205 Total Sales
1031 E Salt Lake St Unit 1 Long Beach, CA 90806
Sunrise NeighborhoodEstimated Value: $986,000 - $1,420,890
8
Beds
4
Baths
3,168
Sq Ft
$393/Sq Ft
Est. Value
Highlights
- Laundry Room
- Back and Front Yard
- 5-minute walk to NAACP Freedom Park
- Long Beach Polytechnic High School Rated A
About This Home
As of April 2018Pride of Ownership asset in Signal Hill area of Long Beach, CA. This property contains all 2 bed/1 bath units and has 4 Garage Parking Spaces and 1-2 additional off-street parking spaces. Garage parking is a rarity and owning property in Long Beach with a garage is not only desirable, but can gain up to $150 per parking space in rents.
Most units are already renovated making this a turnkey asset for any buyer not needing much work. The two lowest rents are month to month and there is no rent control in Long Beach so you can raise the rents to market and get a 6.7% cap property in no time.
All offers subject to inspection. Buyer to verify all information.
Drive by only! Do not disturb tenants.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 01/04/2018
Last Buyer's Agent
General NONMEMBER
NONMEMBER MRML
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 6,494 Sq Ft Lot
- No Common Walls
- Back and Front Yard
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
Interior Spaces
- 3,168 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Dryer
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 38
- Tax Tract Number 5733
- Assessor Parcel Number 7210024034
Community Details
Overview
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,109
- Trash Expense $150
- Water Sewer Expense $2,000
- New Taxes Expense $11,625
- Operating Expense $17,764
- Gross Income $60,237
- Net Operating Income $55,754
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 4, 2018
Closed on
Mar 7, 2018
Sold by
Railsback Ricky Alan
Bought by
Romero John E
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$930,000
Sold Price
$960,000
Premium/Discount to List
$30,000
3.23%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,223
Avg. Annual Appreciation
3.32%
Original Mortgage
$720,000
Outstanding Balance
$616,982
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$628,241
Purchase Details
Closed on
Feb 13, 2015
Sold by
Railsback Sherri L
Bought by
Railsback Ricky Alan and Blue Horizon 2015 Living Revocable Trust
Purchase Details
Closed on
Oct 4, 2002
Sold by
Rodriguez Valeria
Bought by
Railsback Sherrie L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,250
Interest Rate
7.87%
Purchase Details
Closed on
Aug 28, 2001
Sold by
Hud
Bought by
Rodriguez Valeria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,992
Interest Rate
8.87%
Purchase Details
Closed on
May 24, 2000
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud
Purchase Details
Closed on
May 23, 2000
Sold by
Rodriguez Alfredo
Bought by
Chase Manhattan Mtg Corp
Purchase Details
Closed on
Feb 5, 1999
Sold by
Cuelas Rodolfo
Bought by
Rodriguez Alfredo and Benavidez Maria Ascencion
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,635
Interest Rate
6.73%
Mortgage Type
FHA
Purchase Details
Closed on
Dec 16, 1998
Sold by
Hud
Bought by
Ruelas Rodolfo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,635
Interest Rate
6.73%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 1, 1998
Sold by
Mellon Mtg Company
Bought by
Hud
Purchase Details
Closed on
Dec 12, 1997
Sold by
Boyce Hardie L
Bought by
Mellon Mtg Company
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Romero John E | $960,000 | Lawyers Title | |
| Railsback Ricky Alan | -- | None Available | |
| Railsback Sherrie L | $365,000 | -- | |
| Rodriguez Valeria | $255,000 | Benefit Land Title | |
| Hud | -- | -- | |
| Chase Manhattan Mtg Corp | $312,189 | Stewart Title | |
| Rodriguez Alfredo | $288,000 | Benefit Land Title Company | |
| Ruelas Rodolfo | $170,000 | Provident Title | |
| Hud | -- | Fidelity National Title Ins | |
| Mellon Mtg Company | $150,671 | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Romero John E | $720,000 | |
| Previous Owner | Railsback Sherrie L | $310,250 | |
| Previous Owner | Rodriguez Valeria | $203,992 | |
| Previous Owner | Rodriguez Alfredo | $285,635 | |
| Previous Owner | Ruelas Rodolfo | $127,500 | |
| Closed | Rodriguez Valeria | $50,998 | |
| Closed | Railsback Sherrie L | $36,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/10/2018 04/10/18 | Sold | $960,000 | 0.0% | $303 / Sq Ft |
| 03/19/2018 03/19/18 | Price Changed | $960,000 | +3.2% | $303 / Sq Ft |
| 03/01/2018 03/01/18 | Pending | -- | -- | -- |
| 02/14/2018 02/14/18 | For Sale | $930,000 | 0.0% | $294 / Sq Ft |
| 01/31/2018 01/31/18 | Pending | -- | -- | -- |
| 01/04/2018 01/04/18 | For Sale | $930,000 | -- | $294 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $14,172 | $1,092,312 | $341,347 | $750,965 |
| 2024 | $14,172 | $1,070,895 | $334,654 | $736,241 |
| 2023 | $13,933 | $1,049,898 | $328,093 | $721,805 |
| 2022 | $13,083 | $1,029,312 | $321,660 | $707,652 |
| 2021 | $12,818 | $1,009,130 | $315,353 | $693,777 |
| 2019 | $12,635 | $980,020 | $306,000 | $674,020 |
| 2018 | $6,206 | $465,412 | $152,740 | $312,672 |
| 2016 | $5,702 | $446,554 | $146,810 | $299,744 |
| 2015 | $5,482 | $439,847 | $144,605 | $295,242 |
| 2014 | $5,460 | $431,232 | $141,773 | $289,459 |
Source: Public Records
Agents Affiliated with this Home
-
Cameron Samimi
-
G
Buyer's Agent in 2018
General NONMEMBER
NONMEMBER MRML
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18002330
APN: 7210-024-034
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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