NOT LISTED FOR SALE

Estimated Value: $838,000 - $1,066,000

1 Bed
1 Bath
2,368 Sq Ft
$398/Sq Ft Est. Value

Last Sold January 11, 2017

Last sale price $550,000 $232 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $5,901/month

66 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 4-minute walk to Douglas Macarthur Park
  • Long Beach Polytechnic High School Rated A
  • Ceiling Fan

About This Home

As of January 2017

Lowest price for 4 Units in Long Beach!!! , Proforma cap rate 6.3% !!! No rent control . Tenants pays for gas and electricity, Owner pays for water. Low maintenance. Property in good condition .All units are rented FHA- Conv ok

Last Agent to Sell the Property

Jaime Bermeo

Trends RE Inc. License #01315740 Listed on: 09/27/2016

Trends RE Inc.

Last Buyer's Agent

Ray Miramontes

Circle Real Estate License #01931740

Circle Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,787

Year Built

  • Built in 1923

Lot Details

  • 1,803 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 2,368 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Outdoor Features

  • Exterior Lighting

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Tax Tract Number 4212
  • Assessor Parcel Number 7268017011

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $6,873
  • Gross Income $48,000
  • Net Operating Income $34,799

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,787

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.30
  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Zoning: LBR1N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7268017011
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 232.26

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
  • Laundry: Yes
  • Electric: Standard
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 1803.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 549 Square Feet
  • Gross Income: 48000.00
  • Gross Scheduled Income: 48000.00
  • Net Operating Income: 34799.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 10801.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6873.00
  • Tax Census Tract: 5752.01
  • Tax Lot: 15
  • Tax Tract Number: 4212

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2021
Sold by
Kheav Rinheang and Lim Chandy
Bought by
Storr James I and Storr Nicole E
Total Days on Market
66
Current Estimated Value
$942,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$546,000
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2021
Sold by
Om Piseth
Bought by
Kheav Rinheang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$546,000
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2017
Sold by
Khiev Hean and Lim Chandy
Bought by
Kheav Rinheang and Khiev Hean

Purchase Details

Closed on
Jun 5, 2017
Sold by
Khiev Hean and Lim Chandy
Bought by
Khiev Hean and Lim Chandy

Purchase Details

Listed on
Sep 27, 2016
Closed on
Dec 6, 2016
Sold by
Viteri Juan Esteban
Bought by
Khiev Hean and Lim Chandy
Seller's Agent
Jaime Bermeo
Trends RE Inc.
Buyer's Agent
Ray Miramontes
Circle Real Estate
List Price
$549,900
Sold Price
$550,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%
Original Mortgage
$412,500
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 25, 2011
Closed on
Apr 4, 2012
Sold by
Mchugh Richard
Bought by
Viteri Juan Esteban
Seller's Agent
Rich McHugh
Realty One Group West
Buyer's Agent
Jaime Bermeo
Trends RE Inc.
List Price
$399,000
Sold Price
$353,000
Premium/Discount to List
-$46,000
-11.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.07%
Original Mortgage
$344,051
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 30, 2008
Sold by
Hsbc Bank Usa
Bought by
Mchugh Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 2008
Sold by
Mchugh Theresa Dianne
Bought by
Mchugh Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 2008
Sold by
Owens Brandan
Bought by
Hsbc Bank Usa and Ace Securities Corp Home Equity Loan Tru

Purchase Details

Closed on
Dec 5, 2005
Sold by
Salem Nonito and Salem Yolanda
Bought by
Owens Brandan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
6.08%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 3, 2004
Sold by
Page Lawren Eric
Bought by
Salem Nonito and Salem Yolanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 2002
Sold by
Page Leanne M
Bought by
Page Lawren Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,619
Interest Rate
6.28%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 11, 2002
Sold by
Zadeh Akbar M
Bought by
Page Lawren Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,619
Interest Rate
6.28%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 10, 1997
Sold by
Rogers Ronald P and Rogers Julius A
Bought by
Zadeh Akbar M
Source: Public Records

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Range of Values:

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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
Storr James I $780,000 Fidelity National Title Co
Kheav Rinheang -- Fidelity National Title Co
Kheav Rinheang -- None Available
Khiev Hean -- None Available
Khiev Hean $550,000 Lawyers Title
Viteri Juan Esteban $353,000 Fidelity National Title
Mchugh Richard $320,000 California Title Company
Mchugh Richard -- California Title Company
Hsbc Bank Usa $299,000 None Available
Owens Brandan $600,000 Lawyers Title
Salem Nonito $440,000 Ltc
Page Lawren Eric -- Commonwealth Land Title Co
Page Lawren Eric $271,500 Commonwealth Land Title Co
Zadeh Akbar M -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Storr James I $546,000
Previous Owner Khiev Hean $412,500
Previous Owner Viteri Juan Esteban $337,500
Previous Owner Viteri Juan Esteban $344,051
Previous Owner Mchugh Richard $240,000
Previous Owner Owens Brandan $666,000
Previous Owner Owens Brandan $120,000
Previous Owner Owens Brandan $480,000
Previous Owner Salem Nonito $90,000
Previous Owner Salem Nonito $396,000
Previous Owner Page Lawren Eric $55,000
Previous Owner Page Lawren Eric $267,619
Previous Owner Zadeh Akbar M $28,745
Previous Owner Zadeh Akbar M $214,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2017 01/11/17 Sold $550,000 0.0% $232 / Sq Ft
12/02/2016 12/02/16 Pending -- -- --
09/27/2016 09/27/16 For Sale $549,900 +55.8% $232 / Sq Ft
05/31/2012 05/31/12 Sold $353,000 -11.5% $149 / Sq Ft
05/21/2012 05/21/12 Pending -- -- --
06/25/2011 06/25/11 For Sale $399,000 -- $168 / 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
2024 $10,787 $811,512 $260,100 $551,412
2023 $10,600 $795,600 $255,000 $540,600
2022 $9,951 $780,000 $250,000 $530,000
2021 $7,661 $589,708 $214,439 $375,269
2019 $7,551 $572,520 $208,080 $364,440
2018 $7,361 $561,300 $204,000 $357,300
2016 $4,788 $374,544 $159,154 $215,390
2015 $4,602 $368,919 $156,764 $212,155
2014 $4,586 $361,694 $153,694 $208,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16712626

California Regional Multiple Listing Service (CRMLS)

APN: 7268-017-011