NOT LISTED FOR SALE

Estimated Value: $808,278 - $964,000

4 Beds
2 Baths
1,723 Sq Ft
$511/Sq Ft Est. Value

Last Sold August 23, 2022

Last sale price $750,000 $435 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $5,498/month

103 Days on Market

About This Home

As of August 2022

We are pleased to present a two-unit property located at the border of North Long Beach and Paramount. Each unit is a 2-bedroom & 1-bath currently occupied by a tenant. One tenant is paying $1,400 and the other one $1,550 per month; both tenants are on a month-to-month basis. Because its affordable price point, great location, and solid potential for future appreciation and increase in cashflow, this property will trade rapidly.

Last Agent to Sell the Property

Alexandro Colombo

Keller Williams Coastal Prop. License #01927702 Listed on: 04/15/2022

Keller Williams Coastal Prop.

Last Buyer's Agent

Rosalva Ramirez-Canseco

Big Block Powerhouse Realty License #02032407

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,966

Year Built

  • Built in 1954

Lot Details

  • 4,771 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,723 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 6 / 23
  • Tax Tract Number 570202
  • Assessor Parcel Number 7101029007
  • $999,999,999 per year additional tax assessments

Community Details

Overview

  • 2 Units
  • North Long Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $948
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • Operating Expense $15,622
  • Gross Income $35,400
  • Net Operating Income $18,716

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,966

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: 310-978-7950
  • Other Phone Number: 310-978-7950
  • Price Per Unit: 375000
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7101029007
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 435.29

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4771.00
  • Lot Size Acres: 0.1095

Multi Family

  • Gross Income: 35400.00
  • Gross Scheduled Income: 35400.00
  • Insurance Expense: 948.00
  • Lot Size Area: 4771.0000 Square Feet
  • Net Operating Income: 18716.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 15622.00
  • Rent Control: Yes
  • Total Expenses: 15622.00

Tax Info

  • Tax Area: 5-496
  • Tax Block: 23
  • Tax Census Tract: 5702.02
  • Tax Lot: 6
  • Tax Tract Number: 570202
  • TaxOtherAnnualAssessmentAmount: 999999999.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2022
Closed on
Aug 17, 2022
Sold by
Baham Michele and Baham Glenn A
Bought by
Quintero Karen B and Quintero Karissa J
Seller's Agent
Alexandro Colombo
Keller Williams Coastal Prop.
Buyer's Agent
Rosalva Ramirez-Canseco
Big Block Powerhouse Realty
List Price
$810,000
Sold Price
$750,000
Premium/Discount to List
-$60,000
-7.41%
Views
2
Current Estimated Value
$880,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,320
Avg. Annual Appreciation
5.23%
Original Mortgage
$736,415
Outstanding Balance
$694,707
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$185,613

Purchase Details

Closed on
Oct 13, 2020
Sold by
Baham Michele D
Bought by
Baham Michele and Baham Glenn A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,900
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2019
Sold by
Baham Glenn
Bought by
Baham Michele D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$434,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2019
Sold by
Blow Michele D
Bought by
Baham Michele D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$434,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2006
Sold by
Blow Michele D
Bought by
Blow Michele D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 16, 2005
Sold by
Woodard Eliza Donte
Bought by
Blow Michele D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2005
Sold by
Woodard Eliza and Blow Michele
Bought by
Woodard Eliza Donte

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,800
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 3, 2003
Sold by
Herzog Delia and The Norman Ronald & Delia Herz
Bought by
Woodard Eliza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,200
Interest Rate
7.7%

Purchase Details

Closed on
Jan 15, 1999
Sold by
Herzog Norman R and Herzog Delia L
Bought by
Herzog Norman Ronald
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
Quintero Karen B $750,000 Ticor Title
Baham Michele -- Stewart Title Of Ca Inc
Baham Michele D -- Stewart Title Of Ca Inc
Baham Michele D -- Stewart Title Of Ca Inc
Blow Michele D -- Lenders Choice Title Company
Blow Michele D -- Ticor Title Co
Woodard Eliza Donte -- Investors Title Company
Woodard Eliza $265,000 Landsafe Title
Herzog Norman Ronald -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quintero Karen B $736,415
Previous Owner Baham Michele $452,900
Previous Owner Baham Michele D $434,000
Previous Owner Blow Michele D $408,000
Previous Owner Blow Michele D $350,000
Previous Owner Woodard Eliza Donte $327,800
Previous Owner Woodard Eliza $215,200
Closed Woodard Eliza $53,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2022 08/23/22 Sold $750,000 0.0% $435 / Sq Ft
07/22/2022 07/22/22 Price Changed $750,000 -5.7% $435 / Sq Ft
07/06/2022 07/06/22 Price Changed $795,000 -1.9% $461 / Sq Ft
04/15/2022 04/15/22 For Sale $810,000 -- $470 / 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 $9,966 $780,300 $364,140 $416,160
2024 $9,966 $765,000 $357,000 $408,000
2023 $9,806 $750,000 $350,000 $400,000
2022 $4,768 $361,651 $128,279 $233,372
2021 $4,672 $354,561 $125,764 $228,797
2019 $4,605 $344,046 $122,035 $222,011
2018 $4,420 $337,301 $119,643 $217,658
2016 $4,061 $324,206 $114,999 $209,207
2015 $3,899 $319,337 $113,272 $206,065
2014 $3,877 $313,083 $111,054 $202,029
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22077000

California Regional Multiple Listing Service (CRMLS)

APN: 7101-029-007