NOT LISTED FOR SALE

Estimated Value: $1,033,000 - $1,250,000

4 Beds
4 Baths
3,194 Sq Ft
$359/Sq Ft Est. Value

Last Sold February 11, 2013

Last sale price $470,000 $147 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $6,646/month

58 Days on Market

Highlights

  • Spanish Architecture
  • Carpet
  • Heating System Uses Natural Gas
  • Long Beach Polytechnic High School Rated A

About This Home

As of February 2013

Beautifully remodeled Spanish 4-Plex. Very spacious 1Bed/1Bath units with very low maintenance. Nicely landscaped. All new windows, new stucco, extensive upgrades. No rent control!!! Garage brings an extra $120/month. Laundry room can bring an extra $100/Month. This one will make a great home and income!!! SELLER IS LOOKING FOR FULL PRICE OFFERS ONLY!!

Last Agent to Sell the Property

Juan Andrade

A Plus Realty 8 Financing License #01300433 Listed on: 11/04/2012

Last Buyer's Agent

Juan Andrade

A Plus Realty 8 Financing License #01300433 Listed on: 11/04/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 3,751 Sq Ft Lot

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Driveway
  • On-Street Parking

Home Design

  • Spanish Architecture
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,194 Sq Ft Home
  • Decorative Fireplace
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 7274004012

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $50
  • Gardener Expense $60
  • Insurance Expense $50
  • Water Sewer Expense $120
  • New Taxes Expense $3,852
  • Gross Income $3,580
  • Net Operating Income $38,220

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 7.80
  • View: No
  • Water Sewer Expenses: 120.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 60.00
  • Parcel Number: 7274004012
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Formica Counters
  • Flooring: Carpet, Vinyl
  • Appliances: No
  • Fireplace Features: Decorative
  • Levels: Two
  • Price Per Square Foot: 147.15

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: No
  • Parking Features: Driveway, Street
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size: 3750
  • Lot Size Sq Ft: 3751.00
  • Lot Size Acres: 0.0860

Multi Family

  • Electric Expense: 50.00
  • Gross Income: 3580.00
  • Gross Multiplier: 11.40
  • Gross Scheduled Income: 42960.00
  • Insurance Expense: 50.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 38220.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Patio: 1
  • Operating Expense: 4740.00
  • Total Actual Rent: 3580.00

Tax Info

  • New Taxes Expense: 3852.00
  • Tax Area: 11933
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2020
Sold by
Obrien Parker T and Johnson Bradley A
Bought by
1108 1114 Olive Avenue Llc
Current Estimated Value
$1,147,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,000
Outstanding Balance
$506,128
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$640,872

Purchase Details

Listed on
Nov 4, 2012
Closed on
Jan 9, 2013
Sold by
Mizrahi Mark Charles
Bought by
Obrien Parker T and Johnson Bradley A
Seller's Agent
Juan Andrade
A Plus Realty 8 Financing
Buyer's Agent
Juan Andrade
A Plus Realty 8 Financing
List Price
$519,900
Sold Price
$470,000
Premium/Discount to List
-$49,900
-9.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.16%
Original Mortgage
$461,487
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 20, 2012
Closed on
Jul 18, 2012
Sold by
Bland Natalie A
Bought by
Mizrahi Mark Charles
Seller's Agent
Frank Rizzi
BOS Commercial
Buyer's Agent
Juan Andrade
A Plus Realty 8 Financing
List Price
$295,000
Sold Price
$321,000
Premium/Discount to List
$26,000
8.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
105.32%

Purchase Details

Closed on
Jan 31, 2003
Sold by
Cruz Jean Pierre
Bought by
Cruz Natalie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
5.87%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 17, 2003
Sold by
Lin Ko Hsin
Bought by
Cruz Natalie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
5.87%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 22, 1999
Sold by
Zaghoul Araceri
Bought by
Zaghoul Mohammed A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,498
Interest Rate
7.82%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 6, 1999
Sold by
Amer Tony I
Bought by
Zaghoul Mohammed A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,498
Interest Rate
7.82%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 20, 1999
Sold by
Hud
Bought by
Amer Tony I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,498
Interest Rate
7.82%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 5, 1998
Sold by
Norwest Mtg Inc
Bought by
Hud

Purchase Details

Closed on
Dec 30, 1996
Sold by
United Car Wash Corp
Bought by
Aguilar Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,847
Interest Rate
7.46%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 27, 1996
Sold by
Strachan Bruce D
Bought by
United Car Wash Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,847
Interest Rate
7.46%
Mortgage Type
FHA
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
1108 1114 Olive Avenue Llc -- Wfg National Title Company
Obrien Parker T $470,000 First American Title Company
Mizrahi Mark Charles $321,000 Nations Title Company Of Ca
Cruz Natalie A -- First American Title Co
Cruz Natalie A $360,000 First American Title Co
Zaghoul Mohammed A -- --
Zaghoul Mohammed A $232,000 --
Amer Tony I $129,000 Provident Title
Amer Tony I -- Provident Title
Hud -- Benefit Land Title Ins Co
Norwest Mtg Inc $265,798 Benefit Land Title Ins Co
Aguilar Daniel $260,000 Commonwealth Title Company
United Car Wash Corp $100,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1108 1114 Olive Avenue Llc $567,000
Previous Owner Obrien Parker T $461,487
Previous Owner Cruz Natalie A $288,000
Previous Owner Zaghoul Mohammed A $213,498
Previous Owner Amer Tony I $123,500
Previous Owner Aguilar Daniel $249,847
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/11/2013 02/11/13 Sold $470,000 -9.6% $147 / Sq Ft
01/01/2013 01/01/13 Pending -- -- --
11/04/2012 11/04/12 For Sale $519,900 +62.0% $163 / Sq Ft
08/03/2012 08/03/12 Sold $321,000 +8.8% $101 / Sq Ft View Prior Sale
07/19/2012 07/19/12 Pending -- -- --
01/20/2012 01/20/12 For Sale $295,000 -- $92 / 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 $7,861 $578,758 $406,364 $172,394
2024 $7,861 $567,411 $398,397 $169,014
2023 $7,724 $556,286 $390,586 $165,700
2022 $7,263 $545,379 $382,928 $162,451
2021 $7,017 $534,686 $375,420 $159,266
2020 $6,997 $529,204 $371,571 $157,633
2019 $6,914 $518,829 $364,286 $154,543
2018 $6,705 $508,657 $357,144 $151,513
2016 $6,159 $488,908 $343,277 $145,631
2015 $5,919 $481,565 $338,121 $143,444
2014 $5,892 $472,133 $331,498 $140,635
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P840321

California Regional Multiple Listing Service (CRMLS)

APN: 7274-004-012