NOT LISTED FOR SALE

Estimated Value: $1,230,000 - $1,523,123

10 Beds
4 Baths
3,192 Sq Ft
$422/Sq Ft Est. Value

Last Sold May 12, 2016

Last sale price $790,000 $247 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $8,449/month

9 Days on Market

Highlights

  • City Lights View
  • Wood Flooring
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Mediterranean Architecture
  • Storm Doors

About This Home

As of May 2016

This fantastic 4 unit property has been lovingly taken care of. Inside you will find original touches as well as nice upgrades. The 2 bedroom units on the main floor have huge private laundry rooms that can be used as various different things. There are hardwood floors in each unit as well as vintage built-ins. The galley style kitchens in each unit have tile floors, vintage touches, rear exit doors as well as full sized dishwashers, stoves and refrigerators. The units are spacious and easily rented. Very unique property also has a full basement which offers loads of possibilities for on site laundry. Basement is currently being used for storage provided to each unit. This is a wonderful property that rarely has a vacancy!

Last Agent to Sell the Property

Shawn Mohler

The Mohler Real Estate Group License #01910887 Listed on: 03/10/2016

Last Buyer's Agent

Andrea Dunlop

Sotheby's International Realty License #01396262

Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,788

Year Built

  • Built in 1918

Lot Details

  • 2,513 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard Sprinklers

Parking

  • On-Street Parking

Home Design

  • Mediterranean Architecture
  • Property Attached
  • Turnkey
  • Brick Foundation
  • Stucco

Interior Spaces

  • 3,192 Sq Ft Home
  • City Lights Views

Kitchen

  • Gas Cooktop
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Legal Lot and Block 4 / 9
  • Tax Tract Number 5758
  • Assessor Parcel Number 7273014016

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $400
  • Water Sewer Expense $1,155
  • New Taxes Expense $7,500
  • Gross Income $5,250
  • Net Operating Income $54,662

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,788

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Assessments: Yes
  • Inclusions: All seller owned appliances
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Water Sewer Expenses: 1155.00
  • Architectural Style: Mediterranean
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7273014016
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Door Features: Storm Door(s)
  • Levels: Two
  • Price Per Square Foot: 247.49

Exterior Features

  • Foundation: Brick/Mortar
  • View: City Lights
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Sewer Connected, Sewer Available, Water Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Refrigerator
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Sprinklers In Front
  • Lot Size Sq Ft: 2513.00
  • Price Per Lot Square Foot: 314.37
  • Lot Size Acres: 0.0580

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 750
  • Average3 Bed Area: 825
  • Gross Income: 5250.00
  • Gross Scheduled Income: 63000.00
  • Insurance Expense: 400.00
  • Lot Size Area: 2513.0000 Square Feet
  • Net Operating Income: 54662.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 8338.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Block: 9
  • Tax Lot: 4
  • Tax Tract Number: 5758.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2024
Sold by
Proudfoot Kimo A and Larsen Julianne Z
Bought by
Larsen And Proudfoot Living Trust and Proudfoot
Current Estimated Value
$1,348,531

Purchase Details

Closed on
Jul 21, 2021
Sold by
Proudfoot Kimo A and Larsen Julianne Z
Bought by
Proudfoot Kimo A and Larsen Julianne Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,500
Interest Rate
2.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 10, 2016
Closed on
May 5, 2016
Sold by
Larsen Ellen
Bought by
Larsen Per
Seller's Agent
Shawn Mohler
The Mohler Real Estate Group
Buyer's Agent
Andrea Dunlop
Sotheby's International Realty
List Price
$750,000
Sold Price
$790,000
Premium/Discount to List
$40,000
5.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.75%
Original Mortgage
$592,500
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 10, 2016
Closed on
Apr 4, 2016
Sold by
Sindell Milo
Bought by
Proudfoot Kimo A and Larsen Julianne Z
Seller's Agent
Shawn Mohler
The Mohler Real Estate Group
Buyer's Agent
Andrea Dunlop
Sotheby's International Realty
List Price
$750,000
Sold Price
$790,000
Premium/Discount to List
$40,000
5.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,500
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2012
Sold by
Sindell Milo
Bought by
Sindell Milo and Sindell Thuy

Purchase Details

Closed on
Oct 18, 2010
Sold by
Sindell Thuy
Bought by
Sindell Milo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,750
Interest Rate
4.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 2010
Sold by
Bac Home Loans Servicing Lp
Bought by
Sindell Milo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,750
Interest Rate
4.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2010
Sold by
Phillips Joseph
Bought by
Bac Home Loans Servicing Lp and Countrywide Home Loans Servicing Lp

Purchase Details

Closed on
Jul 9, 2007
Sold by
Phillips Joseph T
Bought by
J & E Phillips Llc

Purchase Details

Closed on
Jan 26, 2004
Sold by
Cutrell Inc
Bought by
Phillips Joseph and Phillips Esperanza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 2004
Sold by
Cutrell Annmarie L
Bought by
Cutrell Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 23, 2003
Sold by
Cutrell Adam
Bought by
Cutrell Ann Marie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 24, 2003
Sold by
Silvers James Lowell
Bought by
Cutrell Annmarie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 13, 1999
Sold by
Silvers William Strong
Bought by
Silvers James Lowell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
7.86%

Purchase Details

Closed on
Aug 6, 1999
Sold by
Strong Edwin D
Bought by
Silvers James Lowell and Silvers William Strong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
7.86%

Purchase Details

Closed on
Nov 14, 1995
Sold by
Strong Edwin D
Bought by
Strong Edwin D and Graves Anne Strong
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
Larsen And Proudfoot Living Trust -- None Listed On Document
Proudfoot Kimo A -- Clearmark Title Company
Larsen Per -- Chicago Title Company
Proudfoot Kimo A $790,000 Chicago Title Company
Sindell Milo -- Fidelity Van Nuys
Sindell Milo -- Landsafe Title Of Ca Inc
Sindell Milo $401,000 Landsafe Title Of Ca Inc
Bac Home Loans Servicing Lp $378,000 Landsafe Title
J & E Phillips Llc -- None Available
Phillips Joseph $620,000 Lawyers Title
Cutrell Inc -- --
Cutrell Ann Marie L -- North American Title
Cutrell Annmarie L $432,000 North American Title
Silvers James Lowell -- Lawyers Title Company
Silvers James Lowell -- --
Strong Edwin D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Proudfoot Kimo A $556,500
Previous Owner Proudfoot Kimo A $592,500
Previous Owner Sindell Milo $385,000
Previous Owner Sindell Milo $300,750
Previous Owner Phillips Joseph $560,000
Previous Owner Phillips Joseph $40,000
Previous Owner Phillips Joseph $496,000
Previous Owner Cutrell Annmarie L $300,000
Previous Owner Silvers James Lowell $50,000
Previous Owner Silvers James Lowell $73,000
Previous Owner Silvers James Lowell $68,000
Previous Owner Silvers James Lowell $27,333
Previous Owner Silvers James Lowell $27,000
Closed Phillips Joseph $61,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2016 05/12/16 Sold $790,000 +5.3% $247 / Sq Ft
03/19/2016 03/19/16 Pending -- -- --
03/10/2016 03/10/16 For Sale $750,000 -- $235 / 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 $12,788 $986,592 $674,024 $312,568
2024 $12,788 $967,248 $660,808 $306,440
2023 $12,570 $948,283 $647,851 $300,432
2022 $11,224 $881,256 $613,534 $267,722
2021 $10,990 $863,977 $601,504 $262,473
2020 $10,961 $855,119 $595,337 $259,782
2019 $10,832 $838,353 $583,664 $254,689
2018 $10,561 $821,916 $572,220 $249,696
2016 $5,594 $433,983 $303,031 $130,952
2015 $5,378 $427,465 $298,480 $128,985
2014 $5,356 $419,093 $292,634 $126,459
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16050373

California Regional Multiple Listing Service (CRMLS)

APN: 7273-014-016