Seller's Agent in 2016
Don Sutton
Sync Brokerage
(562) 225-5454
54 Total Sales
1054 Termino Ave Long Beach, CA 90804
Recreation Park NeighborhoodEstimated Value: $965,000 - $1,275,000
6
Beds
3
Baths
2,557
Sq Ft
$435/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Main Floor Primary Bedroom
- No HOA
- Woodrow Wilson High School Rated A
- Modern Architecture
- Galley Kitchen
About This Home
As of April 2016Great Live in One - Rent Out Others Cash Cow Property located in Alamitos Heights. All Rented Easily with $4100+ Income a Month. FHA/VA/Conventional OK. Property has Spanish 2 bedroom Owner Single Family Residence in Front with 2 Units in the back with LOTS of parking - and is in a Walk-The-Dog Neighborhood next to Wilson High School, Recreation Park, Billie Jean King Tennis Center - easily accessible from 7th Street to 22/405/605 freeway exchange. Front home is spacious with hard wood floors, a unique, open floor plan, large bedrooms and bath. Kitchen and adjacent dining room have the old world charm. Copper plumbing throughout. The back upstairs unit is a spacious 2 bedroom, 1 bathroom and is in excellent condition. Downstairs unit is a 1 bedroom with an additional space used as a bedroom. upstairs hardwood floors, down carpet. Spacious, with its own little yard area too. These units/garages built in 1952 and have copper plumbing throughout. Property has a wide open feel, has yard spaces for BBQs and get-togethers, and has 1 garage with a large driveway for multiple vehicles. No need to park on the street. Area has a lot of long term residents, is super quiet and the units - RENT OUT FAST due to the area and proximity to everything.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,064
Year Built
- Built in 1925
Lot Details
- 5,946 Sq Ft Lot
- No Common Walls
- West Facing Home
- Wood Fence
- Block Wall Fence
- Landscaped
- Lot Sloped Down
- Manual Sprinklers System
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
- Parking Available
- Shared Driveway
- Unassigned Parking
Home Design
- Modern Architecture
- Spanish Architecture
- Cosmetic Repairs Needed
- Combination Foundation
- Spanish Tile Roof
- Composition Roof
- Partial Copper Plumbing
- Stucco
Interior Spaces
- 2,557 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Living Room
- Storage
- Galley Kitchen
Flooring
- Wood
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- Primary Bedroom on Main
- 3 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Exterior Lighting
- Rain Gutters
Additional Features
- Suburban Location
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 83
- Assessor Parcel Number 7254008012
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $600
- Insurance Expense $538
- Maintenance Expense $600
- Trash Expense $678
- Water Sewer Expense $678
- Gross Income $4,220
- Net Operating Income $39,319
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 3, 2016
Closed on
Feb 12, 2016
Sold by
Toro Alvaro and The Alvaro Toro 2006 Trust
Bought by
Gleeson James J
Seller's Agent
Don Sutton
Sync Brokerage
Buyer's Agent
Don Sutton
Sync Brokerage
List Price
$799,999
Sold Price
$650,000
Premium/Discount to List
-$149,999
-18.75%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$490,186
Avg. Annual Appreciation
5.92%
Original Mortgage
$487,500
Interest Rate
3.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 18, 2006
Sold by
Toro Alvaro
Bought by
Toro Alvaro and Alvaro Toro 2006 Trust
Purchase Details
Closed on
Jun 1, 2005
Sold by
Jordan Leonard
Bought by
Toro Alvaro
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,000
Interest Rate
5.46%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 19, 1996
Sold by
California Federal Bank Fsb
Bought by
Jordan Leonard
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,362
Interest Rate
7.86%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 28, 1996
Sold by
Hay Stacy M and Hay Lynn
Bought by
California Federal Bank Fsb and California Fsla
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gleeson James J | $650,000 | Title365 Company | |
| Toro Alvaro | -- | None Available | |
| Toro Alvaro | $710,000 | Ticor Title Co | |
| Jordan Leonard | $187,500 | South Coast Title | |
| California Federal Bank Fsb | $184,128 | Investors Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gleeson James J | $460,000 | |
| Previous Owner | Gleeson James J | $487,500 | |
| Previous Owner | Toro Alvaro | $568,000 | |
| Previous Owner | Jordan Leonard | $335,000 | |
| Previous Owner | Jordan Leonard | $288,000 | |
| Previous Owner | Jordan Leonard | $180,315 | |
| Previous Owner | Jordan Leonard | $182,362 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/08/2016 04/08/16 | Sold | $650,000 | -18.7% | $254 / Sq Ft |
| 03/01/2016 03/01/16 | Pending | -- | -- | -- |
| 02/03/2016 02/03/16 | For Sale | $799,999 | -- | $313 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,064 | $769,462 | $538,625 | $230,837 |
| 2024 | $10,064 | $754,375 | $528,064 | $226,311 |
| 2023 | $9,894 | $739,584 | $517,710 | $221,874 |
| 2022 | $9,295 | $725,083 | $507,559 | $217,524 |
| 2021 | $9,104 | $710,866 | $497,607 | $213,259 |
| 2020 | $9,080 | $703,578 | $492,505 | $211,073 |
| 2019 | $8,975 | $689,784 | $482,849 | $206,935 |
| 2018 | $8,682 | $676,260 | $473,382 | $202,878 |
| 2016 | $9,083 | $745,000 | $510,300 | $234,700 |
| 2015 | $8,226 | $690,000 | $472,600 | $217,400 |
| 2014 | $7,646 | $630,000 | $431,500 | $198,500 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS16022850
APN: 7254-008-012
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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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