NOT LISTED FOR SALE

Estimated Value: $751,000 - $941,000

4 Beds
2 Baths
1,850 Sq Ft
$451/Sq Ft Est. Value

Last Sold October 15, 2020

Last sale price $567,000 $306 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $5,050/month

21 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace

About This Home

As of October 2020

Duplex on large lot. Subject to inspection. Do not disturb tenants. Conventional loans or CASH only. No FHA or VA. All offers will be reviewed on September 1, 2020. Drive By Only. No Sign. Units are dated and need repairs. Property to be sold in its present condition. For more information contact call LO. Expenses are estimated based upon full occupancy.

Last Agent to Sell the Property

Stephen Ramirez

Sandpoint Properties License #00862529 Listed on: 08/18/2020

Last Buyer's Agent

Julaine Waggoner

Julaine Waggoner, Broker License #01265494

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,860 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 1,850 Sq Ft Home
  • Duplex
  • Raised Foundation

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Exterior Lighting
  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 5 / 21
  • Tax Tract Number 5992
  • Assessor Parcel Number 7126010033

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • North Long Beach Subdivision

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,800
  • Trash Expense $600
  • Water Sewer Expense $600
  • New Taxes Expense $7,000
  • Operating Expense $10,000
  • Gross Income $36,000
  • Net Operating Income $29,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 600.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7126010033
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 306.49

Exterior Features

  • Foundation: Raised
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6860.00
  • Lot Size Acres: 0.1575

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 36000.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 6860.0000 Square Feet
  • Net Operating Income: 29000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 7000.00
  • Rent Control: No
  • Total Expenses: 10000.00

Tax Info

  • New Taxes Expense: 7000.00
  • Tax Block: 21
  • Tax Census Tract: 5703.03
  • Tax Lot: 5
  • Tax Tract Number: 5992

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2020
Closed on
Sep 15, 2020
Sold by
Mozeleski Susan Louise and Ernest A Ramirez Family Trust
Bought by
Chan Seyha and Uys Romada Chit
Seller's Agent
Stephen Ramirez
Sandpoint Properties
Buyer's Agent
Julaine Waggoner
Julaine Waggoner, Broker
List Price
$559,000
Sold Price
$567,000
Premium/Discount to List
$8,000
1.43%
Current Estimated Value
$834,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,346
Avg. Annual Appreciation
7.70%
Original Mortgage
$425,250
Outstanding Balance
$377,381
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$456,965

Purchase Details

Closed on
Dec 20, 2019
Sold by
Ramirez Ernest A
Bought by
Dwyer Anne Jeanette and Mozeleski Susan Louise

Purchase Details

Closed on
Jan 6, 1992
Sold by
Mozeleski Susan L and Mozeleski Terry J
Bought by
Ramirez Ernest A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chan Seyha $567,000 First American Title
Dwyer Anne Jeanette -- First American Title
Ramirez Ernest A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Seyha $425,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2020 10/15/20 Sold $567,000 +1.4% $306 / Sq Ft
09/08/2020 09/08/20 Pending -- -- --
08/18/2020 08/18/20 For Sale $559,000 -- $302 / 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 $8,149 $613,736 $432,972 $180,764
2024 $8,149 $601,703 $424,483 $177,220
2023 $7,894 $589,906 $416,160 $173,746
2022 $7,419 $578,340 $408,000 $170,340
2021 $7,270 $567,000 $400,000 $167,000
2019 $2,083 $129,900 $47,892 $82,008
2018 $1,904 $127,353 $46,953 $80,400
2016 $1,747 $122,410 $45,131 $77,279
2015 $1,684 $120,573 $44,454 $76,119
2014 $1,686 $118,212 $43,584 $74,628
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20166997

California Regional Multiple Listing Service (CRMLS)

APN: 7126-010-033