NOT LISTED FOR SALE

Estimated Value: $1,175,000 - $1,220,000

8 Beds
4 Baths
924 Sq Ft
$1,293/Sq Ft Est. Value

Last Sold June 30, 2017

Last sale price $680,000 $736 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $7,203/month

22 Days on Market

Highlights

  • Colonial Architecture
  • Property is near public transit
  • Neighborhood Views
  • Long Beach Polytechnic High School Rated A
  • Private Yard
  • 5-minute walk to Peace Park

About This Home

As of June 2017

INVESTOR!!!! GREAT INCOME PROPERTY, DOWNTOWN LONG BEACH, CLOSE TO HOSPITAL, METRO, BUSES,EXCELLENT CHARTER SCHOOLS AND SHOPPING, CONVENIENTLY LOCATED, PROPERTY CONTAINS 2 SEPARATE BUILDING, REAR BUILDING 2 UNITS RENTED, ONE UP ONE DOWN, FRONT BUILDING VACANT! WAS 5 UNITS 4 APARTMENTS 1 STUDIO, CONVERTED ON WORLD WAR 2, CITY REQUIRED ONLY FRONT BUILDING TO BE RETURN TO 2 UNITS ONE UP AND ONE DOWN, BUYER TO INVESTIGATE, REAR UNITS IS OK PER CITY, SELLER VERY MOTIVATED !!!

Last Agent to Sell the Property

Alma Soto

CENTURY 21 REALTY MASTERS License #01807237 Listed on: 09/19/2016

CENTURY 21 REALTY MASTERS

Last Buyer's Agent

Jorge Juarez

COLONIAL REALTY GROUP, INC License #02016228

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 3,263 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Chain Link Fence
  • Fence is in good condition
  • Landscaped
  • Rectangular Lot
  • Lot Sloped Down
  • Private Yard
  • Back Yard
  • Density is up to 1 Unit/Acre
  • Value in Land

Home Design

  • Colonial Architecture
  • Property Attached
  • Flat Roof Shape
  • Mansard Roof Shape
  • Raised Foundation
  • Stucco

Interior Spaces

  • 924 Sq Ft Home
  • Wood Frame Window
  • Window Screens
  • Living Room
  • Neighborhood Views

Kitchen

  • Galley Kitchen
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer and Gas Dryer Hookup

Parking

  • Parking Available
  • Private Parking
  • Paved Parking
  • Uncovered Parking
  • On-Site Parking
  • Off-Street Parking
  • Unassigned Parking

Accessible Home Design

  • More Than Two Accessible Exits
  • Accessible Parking

Utilities

  • Wall Furnace
  • Overhead Utilities
  • Natural Gas Connected
  • Phone Available

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, telephone
  • Tax Lot 2830
  • Tax Tract Number 576302
  • Assessor Parcel Number 7274003016

Community Details

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $150
  • Insurance Expense $300
  • Trash Expense $75
  • Water Sewer Expense $200
  • New Taxes Expense $526
  • Operating Expense $1,301
  • Gross Income $4,500
  • Net Operating Income $4,000

Additional Features

  • 2 Buildings
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Water Sewer Expenses: 200.00
  • Zoning: LBR4R
  • Architectural Style: Colonial
  • Property Type: Residential Income
  • Parcel Number: 7274003016
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Accessibility Features: 2+ Access Exits, Parking
  • Appliances: No
  • Price Per Square Foot: 735.93
  • Room Type: Galley Kitchen, Kitchen, Living Room
  • Window Features: Screens, Wood Frames

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link, Good Condition
  • Pool Private: No
  • Roof: Flat, Mansard
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned, Uncovered, Concrete, On Site, Private, Off Street

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Gas Dryer Hookup, Outside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 75.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Sloped Down, Landscaped, Rectangular Lot, Near Public Transit, Utilities - Overhead, Value In Land, Yard
  • Lot Size Sq Ft: 3263.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Telephone

Multi Family

  • Electric Expense: 150.00
  • Gross Income: 4500.00
  • Gross Scheduled Income: 4500.00
  • Insurance Expense: 300.00
  • Net Operating Income: 4000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Operating Expense: 500.00
  • Rent Control: No
  • Total Expenses: 1301.00

Tax Info

  • New Taxes Expense: 526.00
  • Tax Census Tract: 5763.02
  • Tax Lot: 2830
  • Tax Tract Number: 576302

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 25, 2016
Sold by
Stephenson Michael C
Bought by
0Mt Properties Llc
Current Estimated Value
$1,211,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
4.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 6, 2007
Sold by
Anderson Philomene
Bought by
Anderson Philomene and Anderson Family Trust

Purchase Details

Closed on
May 16, 1996
Sold by
Anderson Alton B
Bought by
Anderson Alton B and Anderson Philomene
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
0Mt Properties Llc $680,000 Fidelity National Title Co
Anderson Philomene -- None Available
Anderson Alton B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 0Mt Properties Llc $575,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2017 06/30/17 Sold $680,000 -4.0% $736 / Sq Ft
12/06/2016 12/06/16 For Sale $708,000 0.0% $766 / Sq Ft
10/11/2016 10/11/16 Pending -- -- --
09/19/2016 09/19/16 For Sale $708,000 -- $766 / 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 $10,492 $789,186 $557,076 $232,110
2024 $10,492 $773,712 $546,153 $227,559
2023 $10,161 $758,543 $535,445 $223,098
2022 $4,283 $328,090 $229,664 $98,426
2021 $4,195 $321,658 $225,161 $96,497
2019 $4,136 $312,120 $218,484 $93,636
2018 $3,985 $306,000 $214,200 $91,800
2016 $542 $23,556 $17,578 $5,978
2015 $527 $23,203 $17,314 $5,889
2014 $537 $22,749 $16,975 $5,774
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB16705980

California Regional Multiple Listing Service (CRMLS)

APN: 7274-003-039