NOT LISTED FOR SALE

1052 Martin Luther King jr Ave Long Beach, CA 90813

Saint Mary's Neighborhood

Estimated Value: $638,000 - $763,497

3 Beds
3 Baths
1,430 Sq Ft
$493/Sq Ft Est. Value

Last Sold January 11, 2012

Last sale price $225,000 $157 Per Sq Ft

Est. 213% increase in value since last sale

Current estimated payment $4,080/month

53 Days on Market

Highlights

  • 0.16 Acre Lot
  • Wooded Lot
  • Ceramic Countertops
  • Long Beach Polytechnic High School Rated A
  • Modern Architecture
  • Tile Flooring

About This Home

As of January 2012

This is a nice two structure duplex. The front home was totally remodeled and has a great tenant at $1,300/month. The rear unit is a nice 1 bedroom studio currently vacant which has rented for $600/month and needs a little work. There is enough parking for all with a 4 car garage in the back.

Last Agent to Sell the Property

Albert Fiorini

First Team Real Estate License #01066000 Listed on: 09/01/2011

Last Buyer's Agent

Albert Fiorini

First Team Real Estate License #01066000 Listed on: 09/01/2011

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,944

Year Built

  • Built in 1905

Lot Details

  • 6,954 Sq Ft Lot
  • Wooded Lot

Parking

  • 4 Car Garage

Home Design

  • Modern Architecture
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,430 Sq Ft Home
  • Tile Flooring
  • Ceramic Countertops

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 5764
  • Assessor Parcel Number 7274009007

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $700
  • Maintenance Expense $2
  • Pest Control $125
  • Water Sewer Expense $1,200
  • New Taxes Expense $3,750
  • Gross Income $1,900
  • Net Operating Income $16,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,944

Year Built

Built in 1905

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 7.22
  • Price Per Unit: 122500
  • View: No
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Modern
  • Property Type: Residential Income
  • Parcel Number: 7274009007
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceramic Counters
  • Flooring: Tile
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 157.34

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Frame

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Electric, Wall Furnace
  • Pest Control Expense: 125.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Treed Lot
  • Lot Size Sq Ft: 6954.00
  • Lot Size Acres: 0.1600

Multi Family

  • Average2 Bed Area: 860
  • Average Studio Area: 600
  • Gross Income: 1900.00
  • Gross Multiplier: 10.21
  • Gross Scheduled Income: 22800.00
  • Insurance Expense: 700.00
  • Lot Size Area: 6954.0000 Square Feet
  • Maintenance Expense: 2.00
  • Net Operating Income: 16800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Disposal: 2
  • Number With Refrigerator: 2
  • Operating Expense: 6000.00

Tax Info

  • New Taxes Expense: 3750.00
  • Tax Area: 11933
  • Tax Lot: 6
  • Tax Tract Number: 5764

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2011
Sold by
U S Bank National Association
Bought by
Olmos Daniel
Current Estimated Value
$704,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
3.96%
Mortgage Type
VA

Purchase Details

Closed on
Dec 2, 2010
Sold by
Ceballos Rosalina
Bought by
U S Bank National Association

Purchase Details

Closed on
Jun 28, 2006
Sold by
Aranda Miguel C
Bought by
Ceballos Rosalina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,000
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2006
Sold by
Rodriguez Javier Flores and Farias Graciela
Bought by
Ceballos Rosalina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,000
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 3, 2005
Sold by
Pulido Roberto Martinez
Bought by
Rodriguez Javier Flores and Farias Graciela

Purchase Details

Closed on
Feb 20, 2003
Sold by
Arnold Linda and The Prien Family Trust
Bought by
Pulido Roberto Martinez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,600
Interest Rate
7.99%

Purchase Details

Closed on
Jan 28, 2003
Sold by
Prien John Vincent
Bought by
Arnold Linda and The Prien Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,600
Interest Rate
7.99%

Purchase Details

Closed on
Jan 24, 2003
Sold by
Prien Stephanie
Bought by
Prien John Vincent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,600
Interest Rate
7.99%
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
Olmos Daniel $225,000 Ticor Title Company Of Ca
U S Bank National Association $209,100 Accommodation
Ceballos Rosalina -- North American Title Co
Ceballos Rosalina $430,000 North American Title Co
Rodriguez Javier Flores -- --
Pulido Roberto Martinez $227,000 Chicago Title Co
Arnold Linda -- Equity Title
Prien John Vincent -- Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olmos Daniel $225,000
Previous Owner Ceballos Rosalina $387,000
Previous Owner Pulido Roberto Martinez $181,600
Closed Pulido Roberto Martinez $45,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2012 01/11/12 Sold $225,000 -8.2% $157 / Sq Ft
10/24/2011 10/24/11 Pending -- -- --
09/01/2011 09/01/11 For Sale $245,000 -- $171 / 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 $3,944 $282,601 $200,964 $81,637
2024 $3,944 $277,061 $197,024 $80,037
2023 $3,877 $271,629 $193,161 $78,468
2022 $3,652 $266,304 $189,374 $76,930
2021 $3,573 $261,083 $185,661 $75,422
2020 $3,564 $258,407 $183,758 $74,649
2019 $3,524 $253,341 $180,155 $73,186
2018 $3,335 $248,374 $176,623 $71,751
2016 $3,068 $238,731 $169,765 $68,966
2015 $2,949 $235,146 $167,215 $67,931
2014 $2,939 $230,541 $163,940 $66,601
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2012

    Albert Fiorini

    First Team Real Estate

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P794973

California Regional Multiple Listing Service (CRMLS)

APN: 7274-009-007

California Los Angeles County Long Beach 90813 Saint Mary's

1052 Martin Luther King jr Ave, Long Beach, CA

This home is located at 1052 Martin Luther King jr Ave, Long Beach, CA 90813 since 01 September 2011 and is currently estimated at $704,624, approximately $492 per square foot. This property was built in 1905. 1052 Martin Luther King jr Ave is a home located in Los Angeles County with nearby schools including Lincoln Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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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