NOT LISTED FOR SALE

Estimated Value: $1,225,000 - $1,550,563

8 Beds
4 Baths
2,912 Sq Ft
$471/Sq Ft Est. Value

Last Sold March 20, 2020

Last sale price $1,125,000 $386 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $8,872/month

17 Days on Market

About This Home

As of March 2020

Ideal investment 4 Plex property which was built in 1987 and well maintained. Each 4 unit has 2 Bathroom/1 Bathroom. Fully occupied with the long tenants, no one behind at this moment. 4 parking area in the lot. Coin-operated Laundry in the site. 4 units in one building and super easy to manage. Listing agent has been managing this property and there is no ongoing issue or repair. Good condition!

Last Agent to Sell the Property

Hodaka Makino

GAC Real Estate Solutions License #01464747 Listed on: 01/18/2020

Last Buyer's Agent

Rodman Amiri

Merit Real Estate License #01760226

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,400

Year Built

  • Built in 1987

Lot Details

  • 6,001 Sq Ft Lot
  • Two or More Common Walls
  • Back Yard

Home Design

  • 2,912 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 12 / 17
  • Tax Tract Number 1589
  • Assessor Parcel Number 7413014016

Community Details

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $636
  • Fuel Expense $292
  • Gardener Expense $1,440
  • Insurance Expense $1,739
  • Trash Expense $3,322
  • Water Sewer Expense $2,604
  • New Taxes Expense $15,600
  • Operating Expense $25,632
  • Gross Income $1,462
  • Net Operating Income $47,230

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,400

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2604.10
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 7413014016
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 386.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room, Outside
  • Sewer: Public Sewer
  • Trash Expense: 3322.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 6001.00
  • Lot Size Acres: 0.1378

Multi Family

  • Electric Expense: 635.73
  • Fuel Expense: 291.66
  • Gross Income: 1462.00
  • Gross Scheduled Income: 71400.00
  • Insurance Expense: 1738.50
  • Laundry Income: 1462.00
  • Lot Size Area: 6001.0000 Square Feet
  • Net Operating Income: 47230.01
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 25631.90
  • Rent Control: Yes
  • Total Expenses: 25631.99

Tax Info

  • New Taxes Expense: 15600.00
  • Tax Block: 17
  • Tax Census Tract: 2944.10
  • Tax Lot: 12
  • Tax Tract Number: 1589

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2020
Closed on
Feb 6, 2020
Sold by
Segawa Jo
Bought by
Neumann Steffen and Neumann Nina
Seller's Agent
Hodaka Makino
GAC Real Estate Solutions
Buyer's Agent
Rodman Amiri
Merit Real Estate
List Price
$1,200,000
Sold Price
$1,125,000
Premium/Discount to List
-$75,000
-6.25%
Current Estimated Value
$1,370,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,141
Avg. Annual Appreciation
3.76%

Purchase Details

Closed on
Apr 22, 2016
Sold by
Segawa Jo
Bought by
Segawa Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jan 7, 2016
Closed on
Mar 15, 2016
Sold by
Segawa Haruna
Bought by
Segawa Jo
Seller's Agent
Mari Coffey
Person Realty Inc.
Buyer's Agent
Mari Coffey
Person Realty Inc.
Sold Price
$1,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 20, 2013
Closed on
Jun 25, 2013
Sold by
Lee Arleen
Bought by
Segawa Jo
Seller's Agent
Rami Elminoufi
Beach City Brokers
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$599,000
Sold Price
$610,000
Premium/Discount to List
$11,000
1.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.99%
Original Mortgage
$330,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 25, 2003
Sold by
Lee James
Bought by
Lee Arleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
4.06%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 20, 2003
Sold by
Lamas Leonel
Bought by
Lee Arleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
4.06%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 16, 2002
Sold by
Lamas Josefina
Bought by
Lamas Leonel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.86%

Purchase Details

Closed on
Nov 25, 2002
Sold by
Tomioka Eiko
Bought by
Lamas Leonel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.86%

Purchase Details

Closed on
Nov 14, 1998
Sold by
Fukuyama Joji
Bought by
Tomioka Eiko

Purchase Details

Closed on
Sep 11, 1998
Sold by
Sugiura Takao
Bought by
Tomioka Eiko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,120
Interest Rate
6.42%

Purchase Details

Closed on
Feb 5, 1998
Sold by
Ameriquest Mtg Company
Bought by
Sugiura Takao and Sugiura Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,400
Interest Rate
9.75%

Purchase Details

Closed on
Apr 18, 1997
Sold by
Campbell Joel G
Bought by
Long Beach Mtg Company
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
Neumann Steffen $1,125,000 Wfg National Title Company
Segawa Jo -- Title 365
Segawa Jo -- Title 365
Segawa Jo $611,000 Lawyers Title
Lee Arleen -- --
Lee Arleen $540,000 --
Lamas Leonel -- First American
Lamas Leonel $400,000 First American Title Co
Tomioka Eiko -- First American Title Co
Tomioka Eiko $265,000 First American Title Co
Sugiura Takao $156,000 Fidelity National Title Ins
Long Beach Mtg Company $223,259 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Segawa Jo $326,000
Previous Owner Segawa Jo $326,000
Previous Owner Segawa Jo $330,000
Previous Owner Lee Arleen $122,045
Previous Owner Lee Arleen $124,000
Previous Owner Lee Arleen $340,000
Previous Owner Lamas Leonel $320,000
Previous Owner Tomioka Eiko $260,000
Previous Owner Tomioka Eiko $214,120
Previous Owner Sugiura Takao $122,400
Closed Tomioka Eiko $39,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2020 03/20/20 Sold $1,125,000 -6.3% $386 / Sq Ft
01/18/2020 01/18/20 For Sale $1,200,000 0.0% $412 / Sq Ft
01/25/2016 01/25/16 Rented $1,200 -14.5% --
01/25/2016 01/25/16 Under Contract -- -- --
01/07/2016 01/07/16 For Rent $1,404 0.0% --
08/01/2013 08/01/13 Sold $610,000 +1.8% $209 / Sq Ft
06/26/2013 06/26/13 Pending -- -- --
06/14/2013 06/14/13 For Sale $599,000 -- $206 / 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
2024 $15,400 $1,206,224 $611,154 $595,070
2023 $15,103 $1,182,573 $599,171 $583,402
2022 $14,415 $1,159,386 $587,423 $571,963
2021 $14,229 $1,136,654 $575,905 $560,749
2020 $9,085 $684,863 $348,596 $336,267
2019 $8,741 $671,435 $341,761 $329,674
2018 $8,630 $658,270 $335,060 $323,210
2017 $8,443 $645,364 $328,491 $316,873
2016 $8,232 $632,710 $322,050 $310,660
2015 $8,107 $623,207 $317,213 $305,994
2014 $8,143 $611,000 $311,000 $300,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20011438

California Regional Multiple Listing Service (CRMLS)

APN: 7413-014-016