NOT LISTED FOR SALE

Estimated Value: $682,608 - $767,000

3 Beds
2 Baths
1,342 Sq Ft
$548/Sq Ft Est. Value

Sale Details

Date Sold: December 9, 2016

Last sale price $421,500 $314 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $4,502 / mo

13 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Living Room
  • Long Beach Polytechnic High School Rated A
  • Double Pane Windows
  • Bungalow

About This Home

As of December 2016

This pride of the neighborhood duplex consists of side by side 2 bedroom and 1 bedroom units. Looking from the exterior, it shows the owners' dedication to this property with its refurbished wood siding and dual pane windows throughout. The garage was rebuilt approximately 10 years ago and stands at the end of a long driveway that can park an additional 3 cars. Systems have been upgraded; copper plumbing, upgraded electrical and a roof only approximately 10 years old. The interior layout of both units are almost identical with the exception of the additional room in the 2 bedroom. Character abounds with faux fireplaces, original built-ins, classic moldings, decorative ceiling panels (1 bedroom), original hardwood flooring (2 bedroom), and commercial grade berber carpet (1 bedroom). Each unit has a storage room that has possibilities as a laundry room. Easy to manage for an investor; main maintenance has been completed, long term tenants, and possible upside on rents. Owner occupants; live in one, rent the other to pay down your mortgage and create equity, or could be ideal for an extended family. You can be proud to own this pride of ownership property.

Last Agent to Sell the Property

Marna Brennan

Marna Brennan, Broker License #01262182 Listed on: 10/19/2016

Co-Listed By

Wayne Ishimine

Wayne Ishimine, Broker License #01192074

Last Buyer's Agent

Eileen Rivera

GE Dean and Associates License #01208517

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 3,131 Sq Ft Lot
  • Lot Dimensions are 50 x 62
  • 1 Common Wall
  • Wrought Iron Fence
  • Block Wall Fence
  • Back and Front Yard

Parking

  • 1 Car Garage
  • Parking Available
  • Single Garage Door
  • Driveway

Home Design

  • Duplex
  • Bungalow
  • Flat Roof Shape
  • Raised Foundation
  • Wood Siding
  • Partial Copper Plumbing

Interior Spaces

  • 1,342 Sq Ft Home
  • 1-Story Property
  • Decorative Fireplace
  • Double Pane Windows
  • Living Room
  • Window Bars
  • Gas Cooktop

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Suburban Location
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV, electricity, grounds care, gas
  • Tax Lot 11
  • Tax Tract Number 63
  • Assessor Parcel Number 7267013019

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $468
  • Maintenance Expense $1,000
  • Water Sewer Expense $465
  • New Taxes Expense $5,188
  • Gross Income $24,420
  • Net Operating Income $18,299

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

3,131 Sq Ft Lot

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 4.40
  • Property Attached: Yes
  • Security: Window Bars
  • View: No
  • Water Sewer Expenses: 465.00
  • Zoning: LBR2N
  • Architectural Style: Bungalow
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7267013019
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Partial
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Fireplace Features: Decorative
  • Levels: One
  • Price Per Square Foot: 314.08
  • Room Type: Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage, Garage - Single Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Cooktop
  • Electric: Electricity - On Property
  • Heating Type: Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size: 50 X 62
  • Lot Size Sq Ft: 3131.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Grounds Care, Gas

Multi Family

  • Average1 Bed Area: 650 Square Feet
  • Average2 Bed Area: 700 Square Feet
  • Gross Income: 24420.00
  • Gross Multiplier: 16.99
  • Gross Scheduled Income: 24420.00
  • Insurance Expense: 468.00
  • Maintenance Expense: 1000.00
  • Net Operating Income: 18299.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 1
  • Number With Refrigerator: 1
  • Operating Expense: 6121.00
  • Rent Control: No
  • Total Actual Rent: 2035.00

Tax Info

  • New Taxes Expense: 5188.00
  • Tax Census Tract: 5764.03
  • Tax Lot: 11
  • Tax Tract Number: 62.5

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2018
Sold by
Bought by
Current Estimated Value
$735,152

Purchase Details

Listed on
Oct 19, 2016
Closed on
Nov 4, 2016
Sold by
Bought by
Seller's Agent
Marna Brennan
Marna Brennan, Broker
Buyer's Agent
Eileen Rivera
GE Dean and Associates
List Price
$415,000
Sold Price
$421,500
Premium/Discount to List
$6,500
1.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.00%
Original Mortgage
$316,125
Outstanding Balance
$253,514
Interest Rate
3.47%
Mortgage Type
New Conventional
Estimated Equity
$481,638

Purchase Details

Listed on
Oct 19, 2016
Closed on
Oct 12, 2016
Sold by
Bought by
Seller's Agent
Marna Brennan
Marna Brennan, Broker
Buyer's Agent
Eileen Rivera
GE Dean and Associates
List Price
$415,000
Sold Price
$421,500
Premium/Discount to List
$6,500
1.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,125
Outstanding Balance
$253,514
Interest Rate
3.47%
Mortgage Type
New Conventional
Estimated Equity
$481,638

Purchase Details

Closed on
Feb 25, 2011
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$421,500 Fatcola
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $316,125
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/09/2016 12/09/16 Sold $421,500 +1.6% $314 / Sq Ft
11/01/2016 11/01/16 Pending -- -- --
10/19/2016 10/19/16 For Sale $415,000 -- $309 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,654 $489,180 $348,173 $141,007
2024 $6,379 $479,590 $341,347 $138,243
2023 $6,271 $470,187 $334,654 $135,533
2022 $5,890 $460,969 $328,093 $132,876
2021 $5,770 $451,931 $321,660 $130,271
2020 $5,755 $447,298 $318,362 $128,936
2019 $5,688 $438,528 $312,120 $126,408
2018 $5,504 $429,930 $306,000 $123,930
2016 $2,588 $199,009 $139,863 $59,146
2015 $2,410 $196,021 $137,763 $58,258
2014 $2,401 $192,182 $135,065 $57,117
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16728930

California Regional Multiple Listing Service (CRMLS)

APN: 7267-013-019

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