NOT LISTED FOR SALE

Estimated Value: $1,117,000 - $1,479,022

8 Beds
7 Baths
2,766 Sq Ft
$469/Sq Ft Est. Value

Last Sold September 22, 2016

Last sale price $810,000 $293 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $7,899/month

77 Days on Market

Highlights

  • 7,521 Sq Ft lot
  • 5-minute walk to Anaheim Station
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Wood Flooring
  • 4-minute walk to Peace Park

About This Home

As of September 2016

Sizzling income producing triplex consists of a craftsman-style 2 bed, 2 bath front home and a duplex in the rear built in 2008 which includes one 3 bed, 3 full bath, and one 2 bed, 2 full bath units. Both units are dual level, wood floors throughout with carpeted stairs. All bedrooms upstairs and double car garages with W/D hook-ups below. Washer/Dryer facilities in the covered area are included in the sale. Front house has original hardwood floors throughout, kitchen has been completely renovated, baths and bedrooms upgraded and W/D hook-ups. House has a long driveway from the street to a 2 car garage behind the home. The back units have gated access to the garages from the alley (6 garages total and 5 parking on the property). Each unit is separately metered for not only Electric and Gas but also for WATER & TRASH. ALL utilities are paid by tenants. Owner pays for gardener only. Excellent owner-occupy or investment property with high income and very low owner expenses. Excellent downtown area location, adjacent to St. Mary's Hospital.

Last Agent to Sell the Property

Cheryl Cotton

Y Realty License #00860384 Listed on: 05/12/2016

Co-Listed By

Nicholas Cotton

Keller Williams Coastal Prop. License #01179001

Last Buyer's Agent

Augustin Joo

California Bridge Realty License #01360043

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 7,521 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall

Parking

  • 6 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 2,766 Sq Ft Home
  • Property Attached

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Carport
  • Gas Dryer Hookup

Additional Features

  • Rain Gutters
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 19
  • Tax Tract Number 5763
  • Assessor Parcel Number 7273001021

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $600
  • Insurance Expense $1,560
  • Maintenance Expense $3,000
  • Professional Management Expense $4,400
  • New Taxes Expense $2,160
  • Gross Income $5,600
  • Net Operating Income $54,136

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Parking

6

Listing Details

  • Inclusions: Washer/Dryer in covered area.
  • Professional Management Expense: 4400.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Subdivision Name Other: Downtown (DT)
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7273001021
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Wood
  • Price Per Square Foot: 292.84

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, In Carport, Inside, Outside
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7521.00
  • Price Per Lot Square Foot: 112.88

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Average2 Bed Area: 1170
  • Average3 Bed Area: 900
  • Gross Income: 5600.00
  • Gross Multiplier: 12.63
  • Gross Scheduled Income: 67200.00
  • Insurance Expense: 1560.00
  • Laundry Equipment Own Lease: Own
  • Maintenance Expense: 3000.00
  • Net Operating Income: 54136.00
  • Number Of Rented Garages: 6
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Operating Expense: 11720.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2160.00
  • Tax Lot: 19
  • Tax Tract Number: 5763

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2016
Closed on
Sep 7, 2016
Sold by
Yu Duk Sun
Bought by
Yu In Sook
Seller's Agent
Cheryl Cotton
Y Realty
Buyer's Agent
Augustin Joo
California Bridge Realty
List Price
$849,000
Sold Price
$810,000
Premium/Discount to List
-$39,000
-4.59%
Current Estimated Value
$1,296,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,506
Avg. Annual Appreciation
5.19%
Original Mortgage
$607,500
Outstanding Balance
$482,925
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$813,581

Purchase Details

Listed on
May 12, 2016
Closed on
Aug 9, 2016
Sold by
Poblete Daniel and The Poblete Trust
Bought by
Yu In Sook
Seller's Agent
Cheryl Cotton
Y Realty
Buyer's Agent
Augustin Joo
California Bridge Realty
List Price
$849,000
Sold Price
$810,000
Premium/Discount to List
-$39,000
-4.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$607,500
Outstanding Balance
$482,925
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$813,581

Purchase Details

Closed on
Mar 14, 2014
Sold by
Poblete Daniel
Bought by
Poblete Daniel and The Poblete Trust

Purchase Details

Closed on
Mar 28, 2013
Sold by
Poblete Daniel and The Poblete Trust
Bought by
Poblete Daniel

Purchase Details

Closed on
Apr 21, 2006
Sold by
Poblete Daniel
Bought by
Poblete Daniel and Poblete Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,250
Interest Rate
6.29%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Yu In Sook -- None Available
Yu In Sook $810,000 Fidelity National Title Co
Poblete Daniel -- Accommodation
Poblete Daniel -- None Available
Poblete Daniel -- Accommodation
Poblete Daniel -- Stewart Title Of California
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yu In Sook $607,500
Previous Owner Poblete Daniel $302,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2016 09/22/16 Sold $810,000 -4.6% $293 / Sq Ft
07/28/2016 07/28/16 Pending -- -- --
05/12/2016 05/12/16 For Sale $849,000 -- $307 / 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 $13,425 $1,039,132 $671,106 $368,026
2024 $13,425 $1,018,758 $657,948 $360,810
2023 $13,202 $998,784 $645,048 $353,736
2022 $12,399 $979,200 $632,400 $346,800
2021 $11,062 $868,481 $611,154 $257,327
2020 $11,034 $859,577 $604,888 $254,689
2019 $10,906 $842,724 $593,028 $249,696
2018 $10,516 $826,200 $581,400 $244,800
2016 $3,402 $251,929 $33,520 $218,409
2015 $3,276 $248,146 $33,017 $215,129
2014 $3,270 $243,286 $32,371 $210,915
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16101100

California Regional Multiple Listing Service (CRMLS)

APN: 7273-001-021