Marvin Phillip
Y Realty
(562) 740-8346
32 Total Sales
1 in Central
$335,000 Price
1116 E 16th St Long Beach, CA 90813
Central NeighborhoodEstimated Value: $1,235,000 - $2,347,000
9
Beds
6
Baths
3,270
Sq Ft
$469/Sq Ft
Est. Value
Highlights
- No HOA
- Tile Flooring
- Wall Furnace
- Long Beach Polytechnic High School Rated A
- Wrought Iron Fence
- 2-minute walk to Rosa Parks Park
About This Home
As of November 2023High cash flow and easy to manage. Ideal investment property. Long term tenants. Full rent collection throughout the pandemic. The stability every investor is looking for. The subject property has a 3 bedroom/2 bathrooms detached home in the front. Rear building has one 4 bedrooms/ 2 bathrooms at the lower level and two 1 bedroom/1 bathroom units at upper level. On site parking spaces. Property sold as is. Buyer to verify all information, not limited to unit counts and unit size and total sf. Interior viewing subject to accepted offer.
Last Agent to Sell the Property
ILLUMINANT PROPERTIES License #01422491 Listed on: 08/22/2022
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1910
Lot Details
- 6,726 Sq Ft Lot
- 1 Common Wall
- Wrought Iron Fence
- Wood Fence
- Density is 6-10 Units/Acre
Home Design
- Quadruplex
- Flat Roof Shape
- Asbestos Shingle Roof
- Composition Roof
Interior Spaces
- 3,270 Sq Ft Home
- 2-Story Property
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Available
- Assigned Parking
Utilities
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Tax Lot 20
- Assessor Parcel Number 7268022033
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
- Poly High Subdivision
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,500
- Maintenance Expense $2,000
- Trash Expense $400
- Water Sewer Expense $1,600
- Gross Income $92,880
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 22, 2022
Closed on
Sep 29, 2023
Sold by
Bought by
Seller's Agent
Herbert Hwang
ILLUMINANT PROPERTIES
Buyer's Agent
Herbert Hwang
ILLUMINANT PROPERTIES
List Price
$1,299,000
Sold Price
$1,235,000
Premium/Discount to List
-$64,000
-4.93%
Views
26
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$299,978
Avg. Annual Appreciation
8.26%
Purchase Details
Closed on
Oct 25, 2013
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$926,250
Interest Rate
7.19%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 21, 2010
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
4.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 24, 2010
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
4.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 1, 2010
Sold by
Bought by
Purchase Details
Closed on
Nov 9, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$462,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 23, 2002
Sold by
Bought by
Purchase Details
Closed on
Mar 29, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,056
Interest Rate
6.91%
Mortgage Type
FHA
Purchase Details
Closed on
Feb 20, 2001
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,056
Interest Rate
6.91%
Mortgage Type
FHA
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central, CA
-
Marvin Phillip
-
Jane Castillo
Jane Castillo
Keller Williams Realty
(424) 283-4769
21 Total Sales
1 in Central
$420,000 Price
-
Richard Gaylord
Richard Gaylord
Re/Max R. E. Specialists
(424) 300-8259
25 Total Sales
2 in Central
$645,000 Price Range
-
Noemy Arellano
Noemy Arellano
Vida Realty
(657) 216-9210
70 Total Sales
2 in Central
$950,000 Price Range
-
Vannessa Swinford
Vannessa Swinford
First Team Real Estate
(657) 341-0938
35 Total Sales
2 in Central
$1,090,000 Price Range
-
Allison Van Wig
Allison Van Wig
Responds QuicklyKeller Williams Coastal Prop.
(562) 582-8861
236 Total Sales
1 in Central
$725,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Wfg National Title | ||
| $1,235,000 | Wfg National Title | ||
| $378,000 | Lsi Title Agency | ||
| -- | Lsi Title Agency | ||
| $227,546 | Accommodation | ||
| $660,000 | Security Union | ||
| -- | -- | ||
| $320,000 | American Title Co | ||
| $176,000 | Fidelity National Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $908,000 | ||
| Closed | $927,000 | ||
| Closed | $925,000 | ||
| Previous Owner | $926,250 | ||
| Previous Owner | $277,000 | ||
| Previous Owner | $283,500 | ||
| Previous Owner | $543,750 | ||
| Previous Owner | $462,000 | ||
| Previous Owner | $315,056 | ||
| Previous Owner | $208,000 | ||
| Previous Owner | $160,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/07/2023 11/07/23 | Sold | $1,235,000 | 0.0% | $378 / Sq Ft |
| 10/16/2023 10/16/23 | Pending | -- | -- | -- |
| 09/26/2023 09/26/23 | Off Market | $1,235,000 | -- | -- |
| 09/14/2023 09/14/23 | For Sale | $1,299,000 | +5.2% | $397 / Sq Ft |
| 10/17/2022 10/17/22 | Off Market | $1,235,000 | -- | -- |
| 10/01/2022 10/01/22 | For Sale | $1,299,000 | +5.2% | $397 / Sq Ft |
| 09/26/2022 09/26/22 | Off Market | $1,235,000 | -- | -- |
| 08/22/2022 08/22/22 | For Sale | $1,299,000 | -- | $397 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $17,093 | $1,259,700 | $692,580 | $567,120 |
| 2024 | $16,351 | $1,235,000 | $679,000 | $556,000 |
| 2023 | $6,867 | $470,937 | $246,281 | $224,656 |
| 2022 | $6,467 | $461,703 | $241,452 | $220,251 |
| 2021 | $6,316 | $452,651 | $236,718 | $215,933 |
| 2020 | $6,300 | $448,160 | $234,291 | $213,869 |
| 2019 | $6,227 | $439,377 | $229,698 | $209,679 |
| 2018 | $5,921 | $425,766 | $225,195 | $200,571 |
| 2016 | $5,446 | $409,091 | $216,451 | $192,640 |
| 2015 | $5,240 | $402,947 | $213,200 | $189,747 |
| 2014 | $5,222 | $395,055 | $209,024 | $186,031 |
Source: Public Records
Agents Affiliated with this Home
-
Herbert Hwang
H
Seller's Agent in 2023
Herbert Hwang
ILLUMINANT PROPERTIES
(951) 468-5548
1 in this area
20 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS22182162
APN: 7268-022-033
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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