NOT LISTED FOR SALE

Estimated Value: $751,000 - $938,000

3 Beds
3 Baths
1,648 Sq Ft
$510/Sq Ft Est. Value

Last Sold June 28, 2016

Last sale price $470,000 $285 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $5,070/month

26 Days on Market

Highlights

  • Private Yard
  • No HOA
  • 1-Story Property
  • Long Beach Polytechnic High School Rated A
  • Paved or Partially Paved Lot
  • 4-minute walk to Rosa Parks Park

About This Home

As of June 2016

Fabulous opportunity to own a triplex. Live in one, rent the 2 others for great income. All tenants have been given notice to vacate so that new Owner can come in, update & rent @higher rents. What would I do? Add on to back unit to make into a 2 bed home, this unit has the garage and yard. Also, alley access. Lots of opportunity here! 2 units are in need of updating, the other is okay. Walking distance to great schools, across from park, close to PCH for public transportation. Rents should be increased to $1100 as they are below market currently. All units have washer/dryer hookup. No garbage disposal

Last Agent to Sell the Property

Jenna Milan

Realty One Group License #01239078 Listed on: 05/06/2016

Last Buyer's Agent

Lucy Salgado

Century 21 Jervis & Associates License #00906720

Century 21 Jervis & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,418

Year Built

  • Built in 1955

Lot Details

  • 6,399 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Paved or Partially Paved Lot
  • Private Yard
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,648 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 21
  • Assessor Parcel Number 7268023021

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,300
  • Trash Expense $400
  • Water Sewer Expense $1,800
  • New Taxes Expense $3,500
  • Gross Income $2,400
  • Net Operating Income $21,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,418

Year Built

Built in 1955

Lot Details

0

Parking

1

Listing Details

  • Other Phone Description: 5625083828
  • Other Phone Number: 5625083828
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 7268023021
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Entry Location: Ground Level With Steps,Ground Level No Steps
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 285.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 400.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Back Yard, 2-5 Units/Acre, Front Yard, Paved, Yard
  • Lot Size Sq Ft: 6399.00
  • Price Per Lot Square Foot: 73.45

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 525
  • Gross Income: 2400.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 1300.00
  • Net Operating Income: 21800.00
  • 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: 7000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3500.00
  • Tax Lot: 21
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 26, 2016
Sold by
Wall Dionn M and The Gloria H Wall Trust
Bought by
Perez William and Perez Angelica
Current Estimated Value
$839,667

Purchase Details

Closed on
Aug 7, 2012
Sold by
Wall Gloria H
Bought by
Electric Capital Llc

Purchase Details

Closed on
Jan 24, 2006
Sold by
Wall Gloria H and Gloria H Wall Trust
Bought by
Wall Gloria H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 6, 2005
Sold by
Wall Gloria H
Bought by
Wall Gloria H and Gloria H Wall Trust

Purchase Details

Closed on
Jul 1, 2003
Sold by
Harvey Roscoe
Bought by
Harvey Roscoe and Walls Gloria
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
Perez William $470,000 First American Title Ins
Electric Capital Llc $259,500 None Available
Wall Gloria H -- Alliance Title Riverside
Wall Gloria H -- Alliance Title Riverside
Wall Gloria H -- --
Harvey Roscoe -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wall Gloria H $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2016 06/28/16 Sold $470,000 0.0% $285 / Sq Ft
04/19/2016 04/19/16 Pending -- -- --
03/24/2016 03/24/16 For Sale $470,000 -- $285 / 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 $7,418 $556,375 $234,387 $321,988
2024 $7,418 $545,467 $229,792 $315,675
2023 $1,246 $48,951 $19,289 $29,662
2022 $1,190 $47,992 $18,911 $29,081
2021 $1,151 $47,052 $18,541 $28,511
2020 $1,148 $46,570 $18,351 $28,219
2019 $1,136 $45,658 $17,992 $27,666
2018 $1,011 $44,764 $17,640 $27,124
2016 $932 $43,028 $16,956 $26,072
2015 $906 $42,383 $16,702 $25,681
2014 $921 $41,553 $16,375 $25,178
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN16060869

California Regional Multiple Listing Service (CRMLS)

APN: 7268-023-021