NOT LISTED FOR SALE

1122 Hoffman Ave Long Beach, CA 90813

Cambodia Town Neighborhood

Estimated Value: $1,107,000 - $1,425,000

7 Beds
5 Baths
3,476 Sq Ft
$352/Sq Ft Est. Value

Last Sold July 16, 2015

Last sale price $665,000 $191 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $7,284/month

9 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • No HOA
  • 3-minute walk to Douglas Macarthur Park
  • Long Beach Polytechnic High School Rated A
  • Cooling Available

About This Home

As of July 2015

**STANDARD SALE...***Live in Primary Front House and Rent out the back 3 units! **Excellent Opportunity to Purchase a 4 Unit Income Property in a Wonderful Quiet Long Beach Neighborhood! **Large Square Footage...county records shows 3476 sq ft on a 6264 sq ft Lot! **Primary & one back unit have just been REMODELED w/ **Gorgeous GRANITE! ** New APPLIANCES(to be installed prior to COE)!!! **New Paint inside & out!! **New Carpet & Flooring Throughout!! **One rear Unit has NEW Cabinets & Granite. ***The other rear unit is nicely rehabbed and is located next to the Mural & behind the one car garage in walkway on the right! **Front Unit is estimated to rent at $1900.00/ month, the other units for $800.00, $900.00 & $1000.00/month for a total of $4600.00 or more each month for and ANNUAL est INCOME OF $55,200.00 or More...Year After Year of steady income! Close to Great Schools & Parks!! Excellent Central Location for commuting ease. Quick Response to all offers. Hurry, will sell fast!***

Last Agent to Sell the Property

Rick Young

Young Estate Services License #01818513 Listed on: 05/13/2015

Last Buyer's Agent

Alonzo Peoples

Nationwide Real Estate Execs License #01951731

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1924

Lot Details

  • 6,264

Parking

  • 3 Car Garage

Interior Spaces

  • 3,476 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main
  • 5 Full Bathrooms

Additional Features

  • 6,264 Sq Ft Lot
  • Cooling Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 4496
  • Assessor Parcel Number 7267001031

Home Details

Home Type

Single Family

Year Built

Built in 1924

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7267001031
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3476.00
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 5
  • Total Bedrooms: 7
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 191.31
  • Room Type: Main Floor Master Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 6264.00
  • Price Per Lot Square Foot: 106.16
  • Lot Size Acres: 0.1440

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6264.0000 Square Feet
  • Number Of Units In Community: 4
  • Number Of Units Total: 4

Tax Info

  • Tax Lot: 22
  • Tax Tract Number: 4496

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2015
Closed on
Jun 8, 2015
Sold by
Gb Inland Properties Ii Llc
Bought by
King Kaleah C
Seller's Agent
Rick Young
Young Estate Services
Buyer's Agent
Alonzo Peoples
Nationwide Real Estate Execs
List Price
$679,000
Sold Price
$665,000
Premium/Discount to List
-$14,000
-2.06%
Current Estimated Value
$1,223,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$558,000
Avg. Annual Appreciation
6.00%
Original Mortgage
$669,686
Outstanding Balance
$520,534
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$702,466

Purchase Details

Closed on
Jul 28, 2014
Sold by
Pelayo Jesus S
Bought by
Gb Inland Properties Ii Llc

Purchase Details

Closed on
Dec 5, 2000
Sold by
Shelter First Inc
Bought by
Pelayo Jesus S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,588
Interest Rate
7.71%
Mortgage Type
FHA

Purchase Details

Closed on
May 24, 2000
Sold by
Hud
Bought by
Shelter First Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,200
Interest Rate
8.53%

Purchase Details

Closed on
Jan 25, 2000
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Jan 25, 1999
Sold by
Falcon Jose
Bought by
Martinez Jose and Ireta Sergio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,941
Interest Rate
6.63%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 20, 1998
Sold by
Residential Funding Corp
Bought by
Falcon Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,000
Interest Rate
6.88%

Purchase Details

Closed on
Jul 16, 1998
Sold by
Banuelos Modesto
Bought by
Residential Funding Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,000
Interest Rate
6.88%

Purchase Details

Closed on
Aug 14, 1997
Sold by
Rodriguez Adolfo and South Central Investments
Bought by
Banuelos Modesto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,175
Interest Rate
7.34%
Mortgage Type
FHA

Purchase Details

Closed on
May 21, 1997
Sold by
Smith Rick D and Smith Karen K
Bought by
Gamboa Gustavo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
8.08%

Purchase Details

Closed on
May 23, 1994
Sold by
Great Western Bank Fsb
Bought by
Smith Rick D and Smith Karen K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,400
Interest Rate
8.6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 8, 1993
Sold by
Zzackss Inc
Bought by
San Fernando Real Estate Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
King Kaleah C $665,000 Provident Title Company
Gb Inland Properties Ii Llc $515,000 Accommodation
Pelayo Jesus S $295,000 United Title Company
Shelter First Inc $185,000 New Century Title Company
Hud -- Landsafe Title
Countrywide Home Loans Inc $322,322 Landsafe Title
Martinez Jose $310,000 Benefit Land Title Company
Falcon Jose $178,000 Fidelity Title
Residential Funding Corp $160,000 --
Banuelos Modesto $330,000 Commonwealth Title
Rodriguez Adolfo $200,000 Commonwealth Title Co
Gamboa Gustavo $137,000 Continental Lawyers Title Co
Smith Rick D $93,000 --
San Fernando Real Estate Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open King Kaleah C $669,686
Previous Owner Pelayo Jesus S $292,588
Previous Owner Shelter First Inc $207,200
Previous Owner Martinez Jose $307,941
Previous Owner Falcon Jose $173,000
Previous Owner Banuelos Modesto $310,175
Previous Owner Gamboa Gustavo $138,000
Previous Owner Smith Rick D $74,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2015 07/16/15 Sold $665,000 -1.8% $191 / Sq Ft
05/22/2015 05/22/15 Pending -- -- --
05/15/2015 05/15/15 Price Changed $677,500 -0.2% $195 / Sq Ft
05/13/2015 05/13/15 For Sale $679,000 -- $195 / 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 $10,506 $787,218 $550,462 $236,756
2024 $10,506 $771,783 $539,669 $232,114
2023 $10,327 $756,651 $529,088 $227,563
2022 $9,708 $741,815 $518,714 $223,101
2021 $9,501 $727,271 $508,544 $218,727
2020 $9,476 $720,495 $503,330 $217,165
2019 $9,367 $706,382 $493,461 $212,921
2018 $9,048 $692,546 $483,786 $208,760
2016 $8,318 $665,000 $465,000 $200,000
2015 $7,709 $630,000 $440,000 $190,000
2014 -- $362,610 $147,501 $215,109
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Rick Young

    Young Estate Services

    Section Image

  • A

    Buyer's Agent in 2015

    Alonzo Peoples

    Nationwide Real Estate Execs

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG15103486

California Regional Multiple Listing Service (CRMLS)

APN: 7267-001-031

California Los Angeles County Long Beach 90813 Cambodia Town

1122 Hoffman Ave, Long Beach, CA

Not Listed for Sale

Detached

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