NOT LISTED FOR SALE

Estimated Value: $1,078,000 - $1,367,000

4 Beds
4 Baths
3,254 Sq Ft
$373/Sq Ft Est. Value

Last Sold January 25, 2013

Last sale price $489,000 $150 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $7,079/month

48 Days on Market

Highlights

  • Spanish Architecture
  • No Heating
  • 3-minute walk to Craftsman Village Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of January 2013

***DOWNTOWN AREA 4-PLEX***located within 5 minutes of Pine Ave, Convention Center, Rainbow Harbor & MORE! NOTE: UNIT #2 IS VACANT FOR OWNER-OCCUPANT AND FHA FINANCING! Building is showing in tax roll as a legal 4 bedroom/4 bath vs. actual 5 bedrooms PLUS 3 BONUS ROOMS that have been used as bedrooms in the past. This building has been rehabbed and shows very well! Unit #2 has FRESH PAINT, NEW CARPET & VINYL, ETC. There are 4 open PARKING SPACES. Unit breakdown & rents: #1: 1/1 + BONUS @ $950 month, #2: 1/1 + BONUS @ $1050 month projected (VACANT), #3: 2/1 + BONUS @ $1,050 month & Unit #4 1/1 + BONUS is SECTION 8 @ $996 month and is a 10-year resident! = $4,046 month/$48,552 GSI

Last Agent to Sell the Property

Laura Roman

Boardwalk Properties License #00458210 Listed on: 10/18/2012

Last Buyer's Agent

Jeff Anderson

eXp Realty of California Inc License #01729514

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 3,032

Parking

  • 2 Parking Spaces

Home Design

  • 3,254 Sq Ft Home
  • Spanish Architecture
  • Stucco

Additional Features

  • 3,032 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 5764
  • Assessor Parcel Number 7266003011

Community Details

Overview

  • 4 Units

Building Details

  • 3 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $50
  • Water Sewer Expense $150
  • Gross Income $4,046
  • Net Operating Income $45,060

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 9.01
  • View: No
  • Water Sewer Expenses: 150.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 7266003011
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 150.28

Exterior Features

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

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: No
  • Laundry: No
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 3032.00
  • Lot Size Acres: 0.0700

Multi Family

  • Electric Expense: 50.00
  • Gross Income: 4046.00
  • Gross Multiplier: 10.53
  • Gross Scheduled Income: 47460.00
  • Net Operating Income: 45060.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 2400.00
  • Total Actual Rent: 4046.00

Tax Info

  • Tax Area: 11933
  • Tax Lot: 3
  • Tax Tract Number: 5764

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2012
Closed on
Jan 15, 2013
Sold by
Sanya Denny and Sanyan Chelon
Bought by
Sharmokh Steven Sollman
Seller's Agent
Laura Roman
Boardwalk Properties
Buyer's Agent
Jeff Anderson
eXp Realty of California Inc
List Price
$499,900
Sold Price
$489,000
Premium/Discount to List
-$10,900
-2.18%
Current Estimated Value
$1,214,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$725,504
Avg. Annual Appreciation
7.30%
Original Mortgage
$480,142
Outstanding Balance
$332,436
Interest Rate
3.28%
Mortgage Type
FHA
Estimated Equity
$882,068

Purchase Details

Closed on
Dec 4, 2003
Sold by
Sanya Denny and Sanya Chelon
Bought by
Sanya Denny

Purchase Details

Closed on
Sep 13, 2002
Sold by
Sanya Denny and Sanya Chelon
Bought by
Sanya Denny

Purchase Details

Closed on
Dec 20, 2001
Sold by
Sanya Denny
Bought by
Sanya Denny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,600
Interest Rate
7.01%

Purchase Details

Closed on
Jul 9, 2001
Sold by
Sanya Chelon
Bought by
Sanya Denny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.26%

Purchase Details

Closed on
Jun 26, 2001
Sold by
Centrex Home Equity
Bought by
Sanya Denny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.26%

Purchase Details

Closed on
Jul 27, 2000
Sold by
Belayneh Tsehay
Bought by
Centex Home Equity Corp

Purchase Details

Closed on
Feb 10, 2000
Sold by
C & W Pacific Properties Inc
Bought by
Tamayo Miguel

Purchase Details

Closed on
May 18, 1999
Sold by
Belayneh Tsehay
Bought by
C & W Pacific Properties Inc

Purchase Details

Closed on
Nov 25, 1998
Sold by
Bank Of New York
Bought by
Belayneh Tsehay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,750
Interest Rate
9.55%

Purchase Details

Closed on
Jul 28, 1998
Sold by
Archila William D and Archila Sandra Maritza
Bought by
Cwmbs Inc and Mortgage Pass Through Certificates Serie

Purchase Details

Closed on
Jan 26, 1996
Sold by
Velis Elena
Bought by
Archila William D and Archila Sandra Maritza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,100
Interest Rate
8.39%

Purchase Details

Closed on
Nov 21, 1994
Sold by
Great Western Bank Fsb
Bought by
Velis Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,200
Interest Rate
7.37%

Purchase Details

Closed on
Feb 23, 1994
Sold by
California Reconveyance Company
Bought by
Great Western Bank Fsb
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
Sharmokh Steven Sollman $489,000 Lsi Title Company
Sanya Denny -- --
Sanya Denny -- --
Sanya Denny -- Gateway Title
Sanya Denny -- Chicago Title
Sanya Denny $150,000 Chicago Title
Centex Home Equity Corp $174,250 United Title Company
Tamayo Miguel -- --
C & W Pacific Properties Inc -- --
Belayneh Tsehay $170,000 Lawyers Title Company
Cwmbs Inc $168,786 Landsafe Title
Archila William D $169,000 --
Velis Elena $84,000 Continental Lawyers Title Co
Great Western Bank Fsb $131,907 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sharmokh Steven Sollman $480,142
Previous Owner Sanya Denny $183,600
Previous Owner Sanya Denny $160,000
Previous Owner Belayneh Tsehay $233,750
Previous Owner Archila William D $152,100
Previous Owner Velis Elena $67,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2013 01/25/13 Sold $489,000 -2.2% $150 / Sq Ft
12/05/2012 12/05/12 Pending -- -- --
10/18/2012 10/18/12 For Sale $499,900 -- $154 / 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 $8,359 $602,157 $418,680 $183,477
2024 $8,359 $590,351 $410,471 $179,880
2023 $8,217 $578,776 $402,423 $176,353
2022 $7,738 $567,429 $394,533 $172,896
2021 $7,570 $556,304 $386,798 $169,506
2019 $7,465 $539,805 $375,326 $164,479
2018 $7,277 $529,221 $367,967 $161,254
2016 $6,707 $508,673 $353,679 $154,994
2015 $6,454 $501,033 $348,367 $152,666
2014 $6,440 $491,219 $341,543 $149,676
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P838555

California Regional Multiple Listing Service (CRMLS)

APN: 7266-003-011