NOT LISTED FOR SALE

1034 Lewis Ave Long Beach, CA 90813

Saint Mary's Neighborhood

Estimated Value: $533,000 - $649,000

2 Beds
2 Baths
1,100 Sq Ft
$553/Sq Ft Est. Value

Sale Details

Date Sold: July 11, 2014

Last sale price $280,000 $255 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $3,618 / mo

45 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • 5-minute walk to Craftsman Village Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of July 2014

Back on the Market!!!Standard Sale. Adorable duplex, each unit is a 1 bed / 1 bath. Unit 1034 has been remodeled, new paint, new laminate wood flooring through out. This property is great as an investment or to live in one and rent the other. This property is located in a strong rental market of Long Beach. This is the lowest priced duplex in Long Beach, take advanatage of this great opportunity. Gross annual rent is $21,900, Gross Rent Multiplier is 13, and Cap Rate is at 6%.

Last Agent to Sell the Property

Juan Huizar

Sage Real Estate Group, Inc. License #01417642 Listed on: 05/01/2014

Last Buyer's Agent

Hector Molina

NT & Associates, Inc. License #01870282

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 2,009 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 1,100 Sq Ft Home
  • Traditional Architecture
  • Property Attached
  • Composition Roof

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • Parking Available
  • No Driveway

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Tax Tract Number 5764
  • Assessor Parcel Number 7274008003

Community Details

Overview

  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Water Sewer Expense $900
  • New Taxes Expense $3,562
  • Gross Income $1,700
  • Net Operating Income $15,038

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

2,009 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 6.00
  • Property Attached: Yes
  • Water Sewer Expenses: 900.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7274008003
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Wood
  • Levels: One
  • Price Per Square Foot: 254.55

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: No Driveway

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2009.00
  • Lot Size Acres: 0.0460

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 1700.00
  • Gross Multiplier: 13.97
  • Gross Scheduled Income: 21900.00
  • Insurance Expense: 900.00
  • Lot Size Area: 2009.0000 Square Feet
  • Net Operating Income: 15038.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Carpet: 1
  • Number With Drapes: 2
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 5362.00
  • Rent Control: No
  • Total Actual Rent: 1825.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 3562.00
  • Tax Lot: 4
  • Tax Tract Number: 5764
  • Tax Year: 2013

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

Closed on
Mar 9, 2017
Sold by
Bought by
Current Estimated Value
$608,448

Purchase Details

Listed on
May 1, 2014
Closed on
Jun 2, 2014
Sold by
Bought by
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Hector Molina
NT & Associates, Inc.
List Price
$285,000
Sold Price
$280,000
Premium/Discount to List
-$5,000
-1.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.74%
Original Mortgage
$180,000
Outstanding Balance
$136,239
Interest Rate
4.07%
Mortgage Type
New Conventional
Estimated Equity
$472,209

Purchase Details

Closed on
Dec 3, 2008
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
$197,100
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2008
Sold by
Bought by

Purchase Details

Closed on
Aug 29, 2007
Sold by
Bought by

Purchase Details

Closed on
Mar 17, 2006
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
$348,000
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 20, 2006
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
$348,000
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 27, 2005
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
$348,000
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2005
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
$288,810
Interest Rate
7.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 18, 2002
Sold by
Bought by

Purchase Details

Closed on
May 15, 1996
Sold by
Bought by

Purchase Details

Closed on
Dec 20, 1995
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
$62,500
Interest Rate
7.68%
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

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
-- None Available
$280,000 Old Republic Title Company
$219,000 Multiple
$300,000 None Available
-- Accommodation
-- None Available
$435,000 Gtc
-- --
$321,000 Lawyers Title Company
-- --
-- --
-- First American
-- First American
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 $180,000
Previous Owner $197,100
Previous Owner $348,000
Previous Owner $288,810
Previous Owner $62,500
Closed $16,045
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
07/11/2014 07/11/14 Sold $280,000 -1.8% $255 / Sq Ft
05/27/2014 05/27/14 Pending -- -- --
04/12/2014 04/12/14 For Sale $285,000 -- $259 / 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 $4,673 $336,510 $240,367 $96,143
2024 $4,475 $329,912 $235,654 $94,258
2023 $4,397 $323,444 $231,034 $92,410
2022 $4,131 $317,103 $226,504 $90,599
2021 $4,044 $310,886 $222,063 $88,823
2019 $3,987 $301,668 $215,478 $86,190
2018 $3,865 $295,753 $211,253 $84,500
2016 $3,558 $284,270 $203,050 $81,220
2015 $3,418 $280,000 $200,000 $80,000
2014 $2,895 $230,054 $147,067 $82,987
Source: Public Records

Agents Affiliated with this Home

  • Juan Huizar

    Seller's Agent in 2014

    Juan Huizar

    Sage Real Estate Group, Inc.

    (562) 307-0838

    4 in this area

    101 Total Sales

    Juan Huizar
    Section Image
  • Hector Molina

    Buyer's Agent in 2014

    Hector Molina

    NT & Associates, Inc.

    (562) 684-4403

    46 Total Sales

    Hector Molina
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14075125

California Regional Multiple Listing Service (CRMLS)

APN: 7274-008-003

California Los Angeles County Long Beach 90813 Saint Mary's

1034 Lewis Ave, Long Beach, CA

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.

California Regional Multiple Listing Service (CRMLS) 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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