NOT LISTED FOR SALE

Estimated Value: $882,157 - $1,024,000

5 Beds
3 Baths
2,658 Sq Ft
$369/Sq Ft Est. Value

Last Sold June 01, 2017

Last sale price $655,000 $246 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $5,863/month

41 Days on Market

Highlights

  • Cathedral Ceiling
  • Corner Lot
  • Balcony
  • Long Beach Polytechnic High School Rated A
  • Granite Countertops
  • Recessed Lighting

About This Home

As of June 2017

GREAT DUPLEX LOCATED NOT FAR FROM DOWNTOWN AND BEACHES. BUILDING BUILT IS 2006. LOW MAINTENANCE LIVE IN ONE UNIT AND RENT THE OTHER UNIT. BUILT IN 2006, THE PROPERTY BOAST A 3 BR 2 BA UNIT WITH NEW CARPET AND WOOD LAMINATE FLOORS. COZY FIREPLACE IN THE OVERSIZE LIVING ROOM, BUILT-IN ENTERTAINMENT CENTER. KITCHEN HAS CUSTOM GRANITE COUNTER TOPS WITH UPGRADED APPLIANCES, SEPARATE DINING ROOM AND EAT IN KITCHEN. RECESS LIGHTS GIVES THIS PROPERTY AN UPDATED AND COZY ENVIRONMENT. 3 OVERSIZE BEDROOMS. HUGE MASTER SUITE, WITH TWO WALK IN CLOSETS AND 2 BALCONIES. 2 UPGRADED FULL BATHROOMS. THE 3BR UNIT HAS INDOOR LAUNDRY. EACH UNIT HAS AN ATTACHED 2 CAR GARAGE. THE SECOND UNIT HAS 2BR 1 BA. THIS IS A MUST SEE PROPERTY. LIVE IN ONE AND RENT OUT THE OTHER UNIT.

Last Agent to Sell the Property

Andre Rogers

Compass License #01227836 Listed on: 03/23/2017

Compass

Last Buyer's Agent

Paul Tuan Nguyen

Realty Savers License #01439693

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006

Lot Details

  • 3,746 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Duplex
  • Copper Plumbing

Interior Spaces

  • 2,658 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Living Room with Fireplace
  • Granite Countertops

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas Dryer Hookup

Outdoor Features

  • Balcony
  • Exterior Lighting

Additional Features

  • Accessible Parking
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 12
  • Tax Tract Number 5764
  • Assessor Parcel Number 7274007032

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $500
  • Water Sewer Expense $800
  • New Taxes Expense $6,700
  • Operating Expense $8,000
  • Gross Income $45,600
  • Net Operating Income $37,600

Property Details

Home Type

Multi-Family

Year Built

Built in 2006

Lot Details

3,746 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 5.00
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 800.00
  • Zoning: LBR4N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7274007032
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Cathedral Ceiling(s), Ceiling Fan(s), Copper Plumbing Full, Granite Counters, Recessed Lighting
  • Common Walls: 1 Common Wall
  • Accessibility Features: Parking
  • Fireplace Features: Living Room
  • Price Per Square Foot: 246.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Garage, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 3746.00
  • Lot Size Acres: 0.0860

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average1 Bed Area: 2 Square Feet
  • Average3 Bed Area: 3 Square Feet
  • Gross Income: 45600.00
  • Gross Multiplier: 15.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 500.00
  • Lot Size Area: 3746.0000 Square Feet
  • Net Operating Income: 37600.00
  • 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: 8000.00
  • Rent Control: No
  • Total Expenses: 8000.00

Tax Info

  • New Taxes Expense: 6700.00
  • Tax Census Tract: 5764.01
  • Tax Lot: 12
  • Tax Tract Number: 5764

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 2023
Sold by
Nguyen Quy V and Nguyen Nancy T
Bought by
Quy Vinh Nguyen Family Trust and Nguyen
Current Estimated Value
$980,789

Purchase Details

Listed on
Mar 23, 2017
Closed on
May 2, 2017
Sold by
Marrujo Gudelia M
Bought by
Nguyen Quy V and Vu Nancy T
Seller's Agent
Andre Rogers
Compass
Buyer's Agent
Paul Tuan Nguyen
Realty Savers
List Price
$750,000
Sold Price
$655,000
Premium/Discount to List
-$95,000
-12.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.70%
Original Mortgage
$440,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2016
Sold by
Marrujo Gudelia
Bought by
Marrujo Gudelia M and Ernest Marrujo & Gudelia M Marrujo Famil
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Quy Vinh Nguyen Family Trust -- None Listed On Document
Nguyen Quy V $655,000 Orange Coast Title Company
Marrujo Gudelia M -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nguyen Quy V $440,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2017 06/01/17 Sold $655,000 -6.3% $246 / Sq Ft
04/21/2017 04/21/17 Price Changed $699,000 -6.7% $263 / Sq Ft
04/07/2017 04/07/17 Price Changed $748,876 -0.1% $282 / Sq Ft
03/23/2017 03/23/17 For Sale $750,000 -- $282 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,786 $760,177 $533,866 $226,311
2024 $9,786 $745,273 $523,399 $221,874
2023 $9,624 $730,661 $513,137 $217,524
2022 $9,037 $716,335 $503,076 $213,259
2021 $8,853 $702,290 $493,212 $209,078
2019 $8,727 $681,462 $478,584 $202,878
2018 $8,458 $668,100 $469,200 $198,900
2016 $3,766 $295,886 $67,274 $228,612
2015 $3,620 $291,443 $66,264 $225,179
2014 $3,603 $285,735 $64,966 $220,769
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS17060923

California Regional Multiple Listing Service (CRMLS)

APN: 7274-007-032

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