NOT LISTED FOR SALE

Estimated Value: $970,271 - $1,134,000

6 Beds
3 Baths
2,394 Sq Ft
$437/Sq Ft Est. Value

Last Sold August 08, 2012

Last sale price $380,000 $159 Per Sq Ft

Est. 176% increase in value since last sale

Current estimated payment $6,023/month

1 Day on Market

Highlights

  • Contemporary Architecture
  • Long Beach Polytechnic High School Rated A
  • No Heating

About This Home

As of August 2012

Nice Rehabbed Units in great rental area. Your buyer can live in one unit and collect an additional 2200 toward the monthly payment. Historically low interest rates, along with 3.5% FHA down payments can result in cash flow from Day 1. Low maintenance building in outstanding rental area close to all services. With 3% yearly rent increase, income goes to 4223 in year 2 and 4349 in year 3. Call for more information.

Last Agent to Sell the Property

Steve Gamez

P.R.S. Properties License #00586247 Listed on: 07/06/2012

Co-Listed By

Stephen Hagerman

Genesis Realty License #01392401

Last Buyer's Agent

Steve Gamez

P.R.S. Properties License #00586247 Listed on: 07/06/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 6,795

Home Design

  • 2,394 Sq Ft Home
  • Contemporary Architecture
  • Composition Roof
  • Stucco

Additional Features

  • 6,795 Sq Ft Lot
  • No Heating

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Legal Lot and Block 6 / 4
  • Assessor Parcel Number 7274007022

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Assessments: No
  • View: No
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7274007022
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 158.73

Exterior Features

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

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6795.00
  • Lot Size Acres: 0.1560

Multi Family

  • Lot Size Area: 6795.0000 Square Feet
  • Number Of Units Total: 3

Tax Info

  • Tax Area: 5500
  • Tax Block: 4
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2012
Closed on
Jul 18, 2012
Sold by
Aslan Residential Iv Llc
Bought by
Sey Seevath and Hou Lee Kimheng
Seller's Agent
Steve Gamez
P.R.S. Properties
Buyer's Agent
Steve Gamez
P.R.S. Properties
List Price
$389,000
Sold Price
$380,000
Premium/Discount to List
-$9,000
-2.31%
Current Estimated Value
$1,047,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$667,318
Avg. Annual Appreciation
7.87%
Original Mortgage
$285,000
Outstanding Balance
$195,047
Interest Rate
3.49%
Mortgage Type
New Conventional
Estimated Equity
$852,271

Purchase Details

Closed on
Apr 17, 2012
Sold by
Circle Of Nations Inc
Bought by
Aslan Residential Iv Llc

Purchase Details

Closed on
Feb 27, 2012
Sold by
Wells Fargo Bank Na
Bought by
Circle Of Nations Inc and Homes That Change Lives

Purchase Details

Closed on
Dec 2, 2010
Sold by
Olivas Eduardo
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Sep 11, 2010
Sold by
Olivas Eduardo
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jul 10, 2007
Sold by
Olivas Eduardo
Bought by
Olivas Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 1997
Sold by
Olivas Gabina
Bought by
Olivas Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,750
Interest Rate
7.16%
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
Sey Seevath $380,000 First American Title Company
Aslan Residential Iv Llc $240,500 Ticor Title
Circle Of Nations Inc $240,500 Fidelity National Title Co S
Wells Fargo Bank Na $239,969 None Available
Wells Fargo Bank Na $319,940 Accommodation
Olivas Eduardo -- Sutic
Olivas Eduardo -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sey Seevath $285,000
Previous Owner Olivas Eduardo $300,000
Previous Owner Olivas Eduardo $165,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2012 08/08/12 Sold $380,000 -2.3% $159 / Sq Ft
07/07/2012 07/07/12 Pending -- -- --
07/06/2012 07/06/12 For Sale $389,000 -- $162 / 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 $6,420 $467,930 $332,481 $135,449
2024 $6,420 $458,756 $325,962 $132,794
2023 $6,310 $449,762 $319,571 $130,191
2022 $5,939 $440,944 $313,305 $127,639
2021 $5,810 $432,299 $307,162 $125,137
2020 $5,795 $427,867 $304,013 $123,854
2019 $5,728 $419,478 $298,052 $121,426
2018 $5,480 $411,254 $292,208 $119,046
2016 $5,039 $395,286 $280,862 $114,424
2015 $4,843 $389,350 $276,644 $112,706
2014 $4,822 $381,724 $271,225 $110,499
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P827792

California Regional Multiple Listing Service (CRMLS)

APN: 7274-007-022