NOT LISTED FOR SALE

1062 Termino Ave Long Beach, CA 90804

Recreation Park Neighborhood

Estimated Value: $1,212,000 - $1,690,000

5 Beds
4 Baths
2,694 Sq Ft
$519/Sq Ft Est. Value

Last Sold April 07, 2016

Last sale price $885,000 $329 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $8,731/month

271 Days on Market

About This Home

As of April 2016

The property consists of (1) Two Bedroom, One Bath `Cottage Style’ Owners Unit with a large yard, (1) Two Bedroom, Two Bath & (2) One Bedroom, One Bath Units. There is Tile and hardwood floors in all units. The owners unit includes a private garage. The other units each have a designated parking space. There is also a laundry room.

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 01/06/2016

Last Buyer's Agent

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 01/06/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,446

Year Built

  • Built in 1957

Lot Details

  • 5,932 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 2,694 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tenant pays for trash collection
  • Tax Lot 83
  • Assessor Parcel Number 7254008010

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $840
  • Gardener Expense $720
  • Insurance Expense $800
  • Maintenance Expense $3,409
  • Other Expense $250
  • Water Sewer Expense $840
  • New Taxes Expense $10,063
  • Gross Income $4,735
  • Net Operating Income $38,193

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,446

Year Built

Built in 1957

Lot Details

0

Parking

1

Listing Details

  • CapRate: 4.30
  • Property Attached: Yes
  • Water Sewer Expenses: 840.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7254008010
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 328.51

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5932.00
  • Price Per Lot Square Foot: 149.19
  • Lot Size Acres: 0.1360

Rental Info

  • Tenant Pays: Trash Collection

Multi Family

  • Electric Expense: 840.00
  • Gross Income: 4735.00
  • Gross Multiplier: 15.58
  • Gross Scheduled Income: 56820.00
  • Insurance Expense: 800.00
  • Lot Size Area: 5932.0000 Square Feet
  • Maintenance Expense: 3409.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 38193.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 16922.00
  • Operating Expense Percent: 29.80
  • Other Expense: 250.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Total Actual Rent: 4675.00
  • Vacancy Allowance: 1705
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10063.00
  • Tax Lot: 83

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2016
Closed on
Feb 22, 2016
Sold by
Dimtat Llc
Bought by
Marjak Family Trust
Seller's Agent
Peter Gillin
Morgan Skenderian
Buyer's Agent
Peter Gillin
Morgan Skenderian
List Price
$935,000
Sold Price
$885,000
Premium/Discount to List
-$50,000
-5.35%
Current Estimated Value
$1,399,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$514,314
Avg. Annual Appreciation
5.00%
Original Mortgage
$656,250
Outstanding Balance
$519,419
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$879,895

Purchase Details

Closed on
Feb 1, 2008
Sold by
Rudakov Dmitriy and Belorusets Tatyana
Bought by
Dimtat Llc

Purchase Details

Closed on
Mar 18, 2005
Sold by
Parker Harold G
Bought by
Rudakov Dmitriy and Belorusets Tatyana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$719,200
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 18, 2002
Sold by
Gonzalez Andrew A and Jackert Lisa
Bought by
Parker Harold

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.6%

Purchase Details

Closed on
Mar 16, 2001
Sold by
Dietrich Beverly
Bought by
Gonzalez Andrew A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,818
Interest Rate
7.03%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 4, 1997
Sold by
Karahalios Dawn
Bought by
Karahalios Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
7.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 15, 1997
Sold by
Schneiter Kurt and Karahalios George
Bought by
Dietrich Beverly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
7.9%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 27, 1996
Sold by
Neale J Robert and Golden Forest Properties Inc
Bought by
Golden Forest Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
7.9%
Mortgage Type
FHA
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
Marjak Family Trust $875,000 Ticor Title
Dimtat Llc -- None Available
Rudakov Dmitriy $899,000 Equity Title Company
Parker Harold $550,000 Chicago Title Co
Gonzalez Andrew A $372,000 Fidelity Title
Karahalios Michael -- Fidelity Title
Karahalios George -- Fidelity Title
Schneiter Kurt -- Fidelity Title
Dietrich Beverly $185,000 Fidelity Title
Schneiter Kurt $119,000 Fidelity Title
Golden Forest Properties Inc $116,300 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marjak Family Trust $656,250
Previous Owner Rudakov Dmitriy $719,200
Previous Owner Parker Harold $487,500
Previous Owner Parker Harold $32,500
Previous Owner Parker Harold $440,000
Previous Owner Gonzalez Andrew A $366,818
Previous Owner Dietrich Beverly $252,000
Closed Parker Harold $82,500
Closed Rudakov Dmitriy $89,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2016 04/07/16 Sold $885,000 -5.3% $329 / Sq Ft
03/29/2016 03/29/16 Pending -- -- --
07/02/2015 07/02/15 For Sale $935,000 -- $347 / 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 $13,446 $1,035,815 $674,760 $361,055
2024 $13,446 $1,015,506 $661,530 $353,976
2023 $13,218 $995,595 $648,559 $347,036
2022 $12,412 $976,075 $635,843 $340,232
2021 $12,161 $956,937 $623,376 $333,561
2020 $12,130 $947,126 $616,985 $330,141
2019 $11,988 $928,556 $604,888 $323,668
2018 $11,630 $910,350 $593,028 $317,322
2016 $10,335 $843,274 $510,403 $332,871
2015 $8,678 $720,000 $435,800 $284,200
2014 $8,391 $685,000 $414,600 $270,400
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Peter Gillin

    Morgan Skenderian

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15144245

California Regional Multiple Listing Service (CRMLS)

APN: 7254-008-010

California Los Angeles County Long Beach 90804 Recreation Park

1062 Termino Ave, Long Beach, CA

This home is located at 1062 Termino Ave, Long Beach, CA 90804 since 06 January 2016 and is currently estimated at $1,399,314, approximately $519 per square foot. This property was built in 1957. 1062 Termino Ave is a home located in Los Angeles County with nearby schools including Bryant Elementary School, Woodrow Wilson High School, and Maple Village Waldorf 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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