NOT LISTED FOR SALE

Estimated Value: $1,142,000 - $1,582,000

4 Beds
2 Baths
3,822 Sq Ft
$357/Sq Ft Est. Value

Last Sold March 14, 2014

Last sale price $680,000 $178 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $8,258/month

About This Home

As of March 2014

Great two stroy four unit building located close to downtown Long Beach. There are two one bed apartments downstairs and two, two bedroom apartments upstairs. Each unit has a one car garage located in the alley. Large backyard with plenty of room for fun in the sun. This building is located next to all of the fun that downtown Long Beach has to offer, restaurants, shopping, nightlife, etc. The income is actual and the exspenses are estimated at 25%. Please write offers subect to inspection.

Last Agent to Sell the Property

Thomas McLaughlin

Buckingham Investments, Inc. License #01889536 Listed on: 01/27/2014

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 7,502 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 3,822 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 7273005027

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $4,600
  • Net Operating Income $41,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Property Type: Residential Income
  • Parcel Number: 7273005027
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 177.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7502.00
  • Lot Size Acres: 0.1720

Multi Family

  • Gross Income: 4600.00
  • Gross Multiplier: 12.43
  • Gross Scheduled Income: 55080.00
  • Lot Size Area: 7502.0000 Square Feet
  • Net Operating Income: 41400.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 13800.00
  • Rent Control: No

Tax Info

  • Tax Lot: 18
  • Tax Tract Number: 795D6
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2016
Sold by
Gao Kathy Hua
Bought by
Francis Ii John Douglas and Murphy Maria A
Current Estimated Value
$1,379,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$745,822
Interest Rate
3.68%
Mortgage Type
VA

Purchase Details

Listed on
Jan 27, 2014
Closed on
Feb 10, 2014
Sold by
Silveria James M
Bought by
Gao Kathy Hua
Seller's Agent
Thomas McLaughlin
Buckingham Investments, Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$685,000
Sold Price
$680,000
Premium/Discount to List
-$5,000
-0.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.08%
Original Mortgage
$510,000
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2011
Sold by
Olsen Mark A and Olsen Yuki M
Bought by
Silveria James

Purchase Details

Closed on
Feb 18, 2009
Sold by
Olsen Mark A and Olsen Yuki M
Bought by
Olsen Mark A

Purchase Details

Closed on
Dec 28, 2007
Sold by
Alarcon Elizabeth A
Bought by
Silveria James M

Purchase Details

Closed on
Aug 30, 2005
Sold by
Shea Michael J and Shea Karen Lynn Wilhelm
Bought by
Alarcon Elizabeth Anne

Purchase Details

Closed on
Mar 8, 2005
Sold by
Chica Pedro
Bought by
Olsen Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 1997
Sold by
Chica Pedro and Chicas Roxana
Bought by
Chica Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,100
Interest Rate
9.2%

Purchase Details

Closed on
Mar 27, 1995
Sold by
Benjamin George Y and Benjamin Laila
Bought by
Chica Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
8.9%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Francis Ii John Douglas $765,000 Ticor Title
Gao Kathy Hua $680,000 North American Title Company
Silveria James $45,000 None Available
Olsen Mark A -- None Available
Silveria James M -- None Available
Alarcon Elizabeth Anne -- Progressive Title
Alarcon Elizabeth Anne -- Progressive Title
Olsen Mark A $450,000 Progressive Title Company
Chica Pedro -- Orange Coast Title
Chica Pedro $75,090 Provident Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Francis Ii John Douglas $745,822
Previous Owner Gao Kathy Hua $510,000
Previous Owner Olsen Mark A $360,000
Previous Owner Chica Pedro $128,100
Previous Owner Chica Pedro $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2014 03/14/14 Sold $680,000 -0.7% $178 / Sq Ft
01/27/2014 01/27/14 For Sale $685,000 -- $179 / Sq Ft
02/03/2013 02/03/13 Pending -- -- --
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 $12,535 $905,600 $591,896 $313,704
2024 $11,966 $887,844 $580,291 $307,553
2023 $11,764 $870,436 $568,913 $301,523
2022 $11,055 $853,369 $557,758 $295,611
2021 $10,822 $836,637 $546,822 $289,815
2020 $10,793 $828,060 $541,216 $286,844
2019 $10,668 $811,824 $530,604 $281,220
2018 $10,327 $795,906 $520,200 $275,706
2017 $10,218 $780,300 $510,000 $270,300
2016 $8,788 $704,162 $497,056 $207,106
2015 $8,442 $693,586 $489,590 $203,996
2014 $6,238 $490,226 $307,737 $182,489
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN14018152

California Regional Multiple Listing Service (CRMLS)

APN: 7273-005-027