NOT LISTED FOR SALE

Estimated Value: $1,167,000 - $1,327,034

6 Beds
6 Baths
3,564 Sq Ft
$350/Sq Ft Est. Value

Last Sold June 15, 2015

Last sale price $740,000 $208 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $7,580/month

4 Days on Market

Highlights

  • Active Adult
  • No HOA
  • Laundry Room
  • Traditional Architecture
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

About This Home

As of June 2015

3 Duplexes on 1 large lot. 6 single car garages with laundry hookups. Professionally managed. Very cool configuration. Long term tenants. The complex is in very good condition. Rent levels are a bit low due to stability of the tenants. Rent survey indicates $950-995/month. Drive-by only. Subject to inspection. Priced to sell quickly.

Last Agent to Sell the Property

Greg Knowlton

Gregory Knowlton, Broker License #00560042 Listed on: 04/30/2015

Gregory Knowlton, Broker

Last Buyer's Agent

Greg Knowlton

Gregory Knowlton, Broker License #00560042 Listed on: 04/30/2015

Gregory Knowlton, Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 7,685 Sq Ft Lot
  • Lot Dimensions are 77x100
  • 1 Common Wall
  • Fence is in average condition

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Property Attached
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,564 Sq Ft Home
  • Casement Windows
  • Carpet
  • Termite Clearance

Kitchen

  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, HVAC maintenance, repairs
  • Tax Lot 53
  • Tax Tract Number 9707
  • Assessor Parcel Number 7115022026

Community Details

Overview

  • Active Adult
  • No Home Owners Association
  • 3 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $2,640
  • Maintenance Expense $1,248
  • Professional Management Expense $3,420
  • Trash Expense $222
  • Water Sewer Expense $4,190
  • New Taxes Expense $7,400
  • Gross Income $4,750
  • Net Operating Income $45,126

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • CapRate: 6.00
  • Professional Management Expense: 3420.00
  • Property Attached: Yes
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 4190.00
  • Architectural Style: Traditional
  • Property Condition: Termite Clearance
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7115022026
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 207.63
  • Window Features: Casement Windows

Exterior Features

  • Foundation: Raised
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Utilities: Electricity Available, Sewer Connected, Phone Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range
  • Heating Type: Floor Furnace
  • Laundry Features: In Garage
  • Trash Expense: 222.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Size: 77X100
  • Lot Size Sq Ft: 7685.00
  • Lot Size Acres: 0.1760

Rental Info

  • Tenant Pays: Cable TV, Electricity, HVAC Maintenance, Repairs

Multi Family

  • Gross Income: 4750.00
  • Gross Multiplier: 12.80
  • Gross Scheduled Income: 57540.00
  • Insurance Expense: 2640.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7685.0000 Square Feet
  • Maintenance Expense: 1248.00
  • Net Operating Income: 45126.00
  • Number Of Rented Garages: 6
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Number With Carpet: 6
  • Number With Disposal: 6
  • Number With Drapes: 6
  • Number With Range: 6
  • Number With Refrigerator: 1
  • Operating Expense: 12413.00
  • Rent Control: No
  • Total Actual Rent: 4750.00

Tax Info

  • New Taxes Expense: 7400.00
  • Tax Lot: 53
  • Tax Tract Number: 9707
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2015
Sold by
Campana Ivan and Campana Betty
Bought by
Campana Ivan and Campana Betty Carrion
Current Estimated Value
$1,247,017

Purchase Details

Listed on
Apr 30, 2015
Closed on
May 6, 2015
Sold by
Knowlton Gregory A and Knowlton Revocable L Gregory A
Bought by
The Alibullah & Perreira Family Living T
Seller's Agent
Greg Knowlton
Gregory Knowlton, Broker
Buyer's Agent
Greg Knowlton
Gregory Knowlton, Broker
List Price
$740,000
Sold Price
$740,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.08%
Original Mortgage
$354,000
Outstanding Balance
$273,208
Interest Rate
3.81%
Mortgage Type
Commercial
Estimated Equity
$973,809

Purchase Details

Closed on
May 3, 2006
Sold by
Knowlton Gregory A
Bought by
Knowlton Gregory A and Knowlton Revocable L Gregory A

Purchase Details

Closed on
Mar 31, 2003
Sold by
Rlj Capital Investment Partnership Lp
Bought by
Knowlton Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
5.26%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 31, 1998
Sold by
Lokey John R Co Tr Lokey Trust
Bought by
Rlj Capital Investment Partnership Lp

Purchase Details

Closed on
Dec 10, 1998
Sold by
Lokey John R Co Tr Lokey Trust
Bought by
Lokey John R and John R Lokey Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Campana Ivan -- None Available
The Alibullah & Perreira Family Living T $740,000 Western Resources Title Co
Knowlton Gregory A -- None Available
Knowlton Gregory $400,000 North American Title Co
Rlj Capital Investment Partnership Lp -- --
Rlj Capital Investment Partnership Lp -- --
Lokey John R -- --
Lokey John R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Alibullah & Perreira Family Living T $354,000
Previous Owner Knowlton Gregory $266,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2015 06/15/15 Sold $740,000 0.0% $208 / Sq Ft
05/04/2015 05/04/15 Pending -- -- --
04/30/2015 04/30/15 For Sale $740,000 -- $208 / 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 $12,568 $889,361 $312,477 $576,884
2024 $12,029 $871,923 $306,350 $565,573
2023 $11,820 $854,828 $300,344 $554,484
2022 $11,113 $838,067 $294,455 $543,612
2021 $10,874 $821,635 $288,682 $532,953
2020 $10,846 $813,211 $285,722 $527,489
2019 $10,720 $797,267 $280,120 $517,147
2018 $10,353 $781,635 $274,628 $507,007
2016 $9,528 $751,285 $263,965 $487,320
2015 $6,154 $473,193 $224,766 $248,427
2014 -- $463,925 $220,364 $243,561
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15091354

California Regional Multiple Listing Service (CRMLS)

APN: 7115-022-026