NOT LISTED FOR SALE

Estimated Value: $1,481,000 - $2,000,000

9 Beds
5 Baths
4,417 Sq Ft
$389/Sq Ft Est. Value

Last Sold November 01, 2016

Last sale price $1,101,000 $249 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $10,483/month

19 Days on Market

Highlights

  • 6,449 Sq Ft lot
  • Long Beach Polytechnic High School Rated A
  • Rectangular Lot

About This Home

As of November 2016

Excellent Downtown location 4-plex with one 3Br/2BA upstairs unit of 2,000 sq ft and totally remodeled (granite kitchen, inside laundry hook-ups, and in-laws quarters). Two 2BR/1BA units downstairs about 700 sq ft each and a separate 2BR/1BA house in the rear with private yard/garage (about 925 sq ft). Tenant laundry produces about $50/month. 3 garages in front. Seller is licensed agent but is not involved in selling the property nor is he the listing agent. Great property for investor or owner-occupant. Good cash flow with fantastic future cash flow potential.

Last Agent to Sell the Property

Cheryl Cotton

Y Realty License #00860384 Listed on: 08/10/2016

Last Buyer's Agent

Nicholas Cotton

Keller Williams Coastal Prop. License #01179001

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,317

Year Built

  • Built in 1959

Lot Details

  • 6,449 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Rectangular Lot
  • Level Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 4,417 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Additional Features

  • Exterior Lighting
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 7266007007

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $6,390

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,317

Year Built

Built in 1959

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Subdivision Name Other: Downtown (DT)
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Parcel Number: 7266007007
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 249.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level, Rectangular Lot
  • Lot Size Sq Ft: 6449.00
  • Price Per Lot Square Foot: 165.14

Multi Family

  • Gross Income: 6390.00
  • Gross Scheduled Income: 76680.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2016
Closed on
Sep 8, 2016
Sold by
Smith R Sean
Bought by
Salaben Matthew Thomas and Pauer Deborah Lucille
Seller's Agent
Cheryl Cotton
Y Realty
Buyer's Agent
Nicholas Cotton
Keller Williams Coastal Prop.
List Price
$1,065,000
Sold Price
$1,101,000
Premium/Discount to List
$36,000
3.38%
Total Days on Market
19
Current Estimated Value
$1,666,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$565,248
Avg. Annual Appreciation
5.20%
Original Mortgage
$801,950
Outstanding Balance
$644,233
Interest Rate
3.44%
Mortgage Type
New Conventional
Estimated Equity
$1,074,234

Purchase Details

Closed on
Jun 1, 2005
Sold by
Couch Ronald Floyd
Bought by
Smith R Sean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,400
Interest Rate
5.51%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 16, 1999
Sold by
Couch Ronald Floyd
Bought by
Couch Ronald Floyd and Dulle Margaret M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
3.4%

Purchase Details

Closed on
Feb 28, 1997
Sold by
Evelyn M Dulle Trust and Dulle Margaret Tr M Dulle Trust
Bought by
Couch Ronald Floyd

Purchase Details

Closed on
Apr 14, 1994
Sold by
Dulle Evelyn M and Dulle Margaret R
Bought by
Dulle Evelyn M and Dulle Margaret M
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
Salaben Matthew Thomas $1,085,000 Fidelity National Title Co
Smith R Sean $784,000 Fidelity National Title Co
Couch Ronald Floyd -- North American Title Co
Couch Ronald Floyd -- North American Title Co
Couch Ronald Floyd -- --
Dulle Evelyn M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salaben Matthew Thomas $801,950
Previous Owner Smith R Sean $650,000
Previous Owner Smith R Sean $262,000
Previous Owner Smith R Sean $728,000
Previous Owner Couch Ronald Floyd $78,400
Previous Owner Smith R Sean $627,200
Previous Owner Couch Ronald Floyd $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2016 11/01/16 Sold $1,101,000 +3.4% $249 / Sq Ft
08/29/2016 08/29/16 Pending -- -- --
08/10/2016 08/10/16 For Sale $1,065,000 -- $241 / 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 $16,317 $1,259,229 $882,042 $377,187
2024 $16,317 $1,234,540 $864,748 $369,792
2023 $16,044 $1,210,335 $847,793 $362,542
2022 $15,068 $1,186,604 $831,170 $355,434
2021 $14,759 $1,163,338 $814,873 $348,465
2020 $14,720 $1,151,410 $806,518 $344,892
2019 $14,549 $1,128,834 $790,704 $338,130
2018 $14,105 $1,106,700 $775,200 $331,500
2016 $9,718 $790,000 $438,900 $351,100
2015 $9,466 $790,000 $438,900 $351,100
2014 $9,130 $750,000 $416,700 $333,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16181091

California Regional Multiple Listing Service (CRMLS)

APN: 7266-007-007