NOT LISTED FOR SALE

1129 Euclid Ave Long Beach, CA 90804

Recreation Park Neighborhood

Estimated Value: $1,611,000 - $2,024,000

16 Beds
6 Baths
4,043 Sq Ft
$437/Sq Ft Est. Value

Last Sold September 12, 2017

Last sale price $1,188,888 $294 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $10,956/month

4 Days on Market

Highlights

  • Property is near a park
  • No HOA
  • Laundry Room
  • Woodrow Wilson High School Rated A

About This Home

As of September 2017

Great Opportunity For First Time Buyers, Live In One Unit And Rent The Other One, 
Has 9 Garages, 16 Bedroom(s), 6 Bathroom(s), Income Of $ 6,906 
per month, Zoning Lbrr. Never raised rent in 17 years potential rent $11,000

Last Agent to Sell the Property

John Veytia

Compass License #00279282 Listed on: 08/15/2017

Compass

Co-Listed By

Alwin Morgenstern

HRE Commercial Inc. License #01423948

Last Buyer's Agent

John Veytia

Compass License #00279282 Listed on: 08/15/2017

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,320

Year Built

  • Built in 1992

Lot Details

  • 6,246 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 9 Car Garage

Home Design

  • Property Attached
  • Asphalt Roof

Interior Spaces

  • 4,043 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 6 Bathrooms

Location

  • Property is near a park

Listing and Financial Details

  • Tax Lot 42
  • Tax Tract Number 1234
  • Assessor Parcel Number 7254001022

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,500
  • Insurance Expense $900
  • Trash Expense $500
  • Water Sewer Expense $400
  • New Taxes Expense $12,000
  • Operating Expense $3,300
  • Gross Income $7,450
  • Net Operating Income $6,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,320

Year Built

Built in 1992

Lot Details

0

Parking

9

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 400.00
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Parcel Number: 7254001022
  • Year Built: 1992
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 294.06

Exterior Features

  • Pool Private: No
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 9.00
  • Total Parking Spaces: 9.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 6246.00

Rental Info

  • Garage Rental Rate: 50.00

Multi Family

  • Electric Expense: 1500.00
  • Garage Income: 450.00
  • Gross Income: 7450.00
  • Gross Scheduled Income: 7000.00
  • Insurance Expense: 900.00
  • Net Operating Income: 6300.00
  • Number Of Rented Garages: 9
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 700.00
  • Operating Expense Percent: 10.00
  • Rent Control: No
  • Total Expenses: 3300.00

Tax Info

  • New Taxes Expense: 12000.00
  • Tax Census Tract: 5770.00
  • Tax Lot: 42
  • Tax Tract Number: 1234

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2019
Sold by
Fok Devin H and Lam Mei K
Bought by
Dhf Law
Current Estimated Value
$1,766,296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2019
Sold by
Dhf Law
Bought by
Fok Devin H and Lam Mei K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2018
Sold by
Fok Devin H
Bought by
Dhf Law A Professional Corp

Purchase Details

Closed on
Aug 28, 2018
Sold by
Dhf Law A Professional Corp
Bought by
Fok Devin H

Purchase Details

Listed on
Aug 15, 2017
Closed on
Aug 28, 2017
Sold by
Cooper Rebecca
Bought by
Dhf Law A Professional Corporation
Seller's Agent
John Veytia
Compass
Buyer's Agent
John Veytia
Compass
List Price
$1,188,888
Sold Price
$1,188,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.00%

Purchase Details

Closed on
Mar 25, 2016
Sold by
Cooper James E
Bought by
Cooper Rebecca and Cooper James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2000
Sold by
Cooper Rebecca
Bought by
Cooper James E

Purchase Details

Closed on
Jun 5, 2000
Sold by
Gomez Ma Delrosario
Bought by
Cooper James E

Purchase Details

Closed on
Mar 16, 2000
Sold by
Gomez Jose and Gomez Maria
Bought by
Gomez Ma Delrosario

Purchase Details

Closed on
May 24, 1999
Sold by
Bankers Trust Company Of California Na
Bought by
Gomez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,334
Interest Rate
7.63%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 3, 1998
Sold by
Rodriguez Jaime and Moreno Jose
Bought by
Amresco Residential Securities Corp Mtg

Purchase Details

Closed on
Jan 24, 1997
Sold by
Rodriguez Jaime and Moreno Jose
Bought by
Romero Juan

Purchase Details

Closed on
Apr 17, 1996
Sold by
Keith Grady
Bought by
Rodriguez Jaime and Moreno Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
7.41%

Purchase Details

Closed on
Nov 1, 1994
Sold by
Pmb Capital Inc
Bought by
Gomez David

Purchase Details

Closed on
Sep 16, 1994
Sold by
Gomez David and Gomez Luz E
Bought by
Pmb Capital Inc
Source: Public Records

Range of Values:

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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
Dhf Law -- Accommodation
Fok Devin H -- Stewart Title Of Ca Inc
Dhf Law A Professional Corp -- Stewart Title
Fok Devin H -- Stewart Title
Dhf Law A Professional Corporation $1,189,000 Stewart Title Of Ca Inc
Cooper Rebecca -- Title 365
Cooper James E -- Guardian Title Company
Cooper James E -- Guardian Title Company
Gomez Ma Delrosario -- --
Gomez Jose $326,000 Chicago Title Co
Amresco Residential Securities Corp Mtg $277,000 Chicago Title Co
Romero Juan -- --
Rodriguez Jaime $360,000 Stewart Title
Gomez David -- --
Pmb Capital Inc $13,081 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fok Devin H $600,000
Previous Owner Cooper Rebecca $475,000
Previous Owner Gomez Jose $323,334
Previous Owner Rodriguez Jaime $288,000
Closed Rodriguez Jaime $36,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2017 09/12/17 Sold $1,188,888 0.0% $294 / Sq Ft
08/15/2017 08/15/17 For Sale $1,188,888 -- $294 / 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 $20,320 $1,591,174 $1,082,432 $508,742
2024 $20,320 $1,559,975 $1,061,208 $498,767
2023 $19,982 $1,529,388 $1,040,400 $488,988
2022 $18,755 $1,499,400 $1,020,000 $479,400
2021 $15,759 $1,249,724 $872,478 $377,246
2020 $15,717 $1,236,910 $863,532 $373,378
2019 $15,534 $1,212,657 $846,600 $366,057
2018 $15,072 $1,188,880 $830,000 $358,880
2017 $7,248 $536,333 $201,288 $335,045
2016 $6,725 $525,818 $197,342 $328,476
2015 $6,464 $517,920 $194,378 $323,542
2014 $6,436 $507,776 $190,571 $317,205
Source: Public Records

Agents Affiliated with this Home

  • John Veytia

    Seller's Agent in 2017

    John Veytia

    Compass

    (949) 701-5554

    45 Total Sales

    John Veytia
    Section Image

  • A

    Seller Co-Listing Agent in 2017

    Alwin Morgenstern

    HRE Commercial Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LG17192399

California Regional Multiple Listing Service (CRMLS)

APN: 7254-001-022

California Los Angeles County Long Beach 90804 Recreation Park

1129 Euclid Ave, Long Beach, CA

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