M
Seller's Agent in 2015
Matt Simmons
Time Realty
1090 E Hill St Long Beach, CA 90806
Sunrise NeighborhoodEstimated Value: $737,000 - $911,615
2
Beds
4
Baths
1,683
Sq Ft
$500/Sq Ft
Est. Value
Highlights
- No Units Above
- View of Hills
- Wall Furnace
- Long Beach Polytechnic High School Rated A
- Laundry Room
- 4-minute walk to NAACP Freedom Park
About This Home
As of August 2015Exciting investment opportunity. This is the lowest priced 4-plex in the neighborhood and nearly $100,000 has been spent recently to make it shine! Two units are one bedrooms and two of them are studios, with separate electric and gas meters. Most of the units have newer bathrooms, newer kitchens, and each unit has its own newer water heater including one tankless. A new roof was put on the building in August 2010. It is easy to rent and the tenants love it, because it feels like a home with their own porches and gardens. This is a corner property adjacent to the border of Signal Hill. Across the street are industrial businesses, which creates a low density feel and there are many single family homes on the street.
All of the tenants have been there since 2012 or before. The laundry room makes about $100 a month and features two front loading Maytag washers and a stacked Whirlpool dryer. One unit faces Hill Street and two units face Lemon. There is a premium studio with a granite kitchen and distressed wood floors above the garage with its own private entrance and no shared walls.
DO NOT DISTURB OCCUPANTS, DRIVE BY ONLY
The rents are currently below market.
Last Agent to Sell the Property
Matt Simmons
Time Realty License #01399790 Listed on: 06/17/2015
Last Buyer's Agent
Matt Simmons
Time Realty License #01399790 Listed on: 06/17/2015
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925
Lot Details
- 3,622 Sq Ft Lot
- No Units Above
- 1 Common Wall
- Front Yard
Parking
- 1 Car Garage
Home Design
- Property Attached
- Spanish Tile Roof
- Composition Roof
Interior Spaces
- 1,683 Sq Ft Home
- 2-Story Property
- Views of Hills
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
Utilities
- Wall Furnace
- Sewer Paid
Listing and Financial Details
- Tax Lot 22,2
- Assessor Parcel Number 7210024035
Community Details
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $520
- Insurance Expense $767
- Pest Control $468
- Water Sewer Expense $1,186
- New Taxes Expense $5,120
- Gross Income $3,485
- Net Operating Income $33,376
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 17, 2015
Closed on
Jul 14, 2015
Sold by
Simmons Matthew David and Rosenthal Melissa Ann
Bought by
Ramsey Courtney D and Ramsey Barbara K
Seller's Agent
Matt Simmons
Time Realty
Buyer's Agent
Matt Simmons
Time Realty
List Price
$512,000
Sold Price
$521,000
Premium/Discount to List
$9,000
1.76%
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
$320,404
Avg. Annual Appreciation
4.72%
Original Mortgage
$390,750
Outstanding Balance
$306,693
Interest Rate
4.05%
Mortgage Type
New Conventional
Estimated Equity
$534,711
Purchase Details
Closed on
Feb 4, 2010
Sold by
Aurora Loan Services Llc
Bought by
Simmons Matthew David and Rosenthal Melissa Ann
Purchase Details
Closed on
Nov 2, 2009
Sold by
Aguilar Jorge D
Bought by
Aurora Loan Services Llc
Purchase Details
Closed on
Apr 20, 2005
Sold by
Obleton Werner and Deleon Minerva
Bought by
Aguilar Jorge D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 2, 2004
Sold by
Robinson Jim
Bought by
Obleton Werner and Deleon Minerva
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,001
Interest Rate
5.69%
Mortgage Type
FHA
Purchase Details
Closed on
May 1, 2003
Sold by
Sanchez Edward M
Bought by
Robinson Jim
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.06%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Feb 13, 1996
Sold by
Harlan Michael K
Bought by
Sanchez Edward M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,000
Interest Rate
7.8%
Purchase Details
Closed on
Dec 22, 1992
Sold by
Harlan Howard H and Harlan Sonya G
Bought by
Harlan Michael K
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 |
|---|---|---|---|
| Ramsey Courtney D | $521,000 | Lawyers Title | |
| Simmons Matthew David | $240,000 | Lsi Title Agency | |
| Aurora Loan Services Llc | $497,751 | None Available | |
| Aguilar Jorge D | $630,000 | Ticor Title Co Glendale | |
| Obleton Werner | $401,500 | Chicago Title Co | |
| Robinson Jim | $235,000 | Chicago Title Co | |
| Sanchez Edward M | $70,000 | First American | |
| Harlan Michael K | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ramsey Courtney D | $390,750 | |
| Previous Owner | Aguilar Jorge D | $472,500 | |
| Previous Owner | Obleton Werner | $395,001 | |
| Previous Owner | Robinson Jim | $170,000 | |
| Previous Owner | Sanchez Edward M | $49,000 | |
| Closed | Aguilar Jorge D | $31,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/18/2015 08/18/15 | Sold | $521,000 | +1.8% | $310 / Sq Ft |
| 07/14/2015 07/14/15 | Pending | -- | -- | -- |
| 06/17/2015 06/17/15 | For Sale | $512,000 | -- | $304 / 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 | $8,222 | $616,750 | $236,756 | $379,994 |
| 2024 | $8,222 | $604,658 | $232,114 | $372,544 |
| 2023 | $8,077 | $592,803 | $227,563 | $365,240 |
| 2022 | $7,589 | $581,180 | $223,101 | $358,079 |
| 2021 | $7,430 | $569,785 | $218,727 | $351,058 |
| 2020 | $7,411 | $564,254 | $216,485 | $347,769 |
| 2019 | $7,324 | $553,198 | $212,241 | $340,957 |
| 2018 | $7,109 | $542,358 | $208,080 | $334,278 |
| 2016 | $6,550 | $521,000 | $200,000 | $321,000 |
| 2015 | $3,418 | $257,764 | $107,401 | $150,363 |
| 2014 | $3,415 | $252,716 | $105,298 | $147,418 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW15131469
APN: 7210-024-035
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