NOT LISTED FOR SALE

1140 Gardenia Ave Long Beach, CA 90813

Cambodia Town Neighborhood

Estimated Value: $1,291,000 - $1,751,000

9 Beds
7 Baths
3,872 Sq Ft
$392/Sq Ft Est. Value

Last Sold May 15, 2014

Last sale price $776,000 $200 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $9,129/month

26 Days on Market

Highlights

  • Main Floor Bedroom
  • No HOA
  • 4 Car Garage
  • Long Beach Polytechnic High School Rated A
  • Laundry Room
  • Security Fence

About This Home

As of May 2014

FRONT UNIT IS 3BEDROOM AND 1BATH, BUILT IN 1920, THREE BACK UNITS ARE ALL 2BEDROOM AND 2BATH BUILT IN 1987.
4 CAR EXTRA LONG GARAGE, ONE BACK UNIT IS TOWNHOUSE STYLE AND TWO UNITS ARE ABOVE THE GARAGE.
WALKING DISTANCE TO MANY STORES.

Last Agent to Sell the Property

Ami Endo

IRN Realty License #00961054 Listed on: 04/05/2014

Last Buyer's Agent

Tom Mai

Tom Mai, Broker License #01364222

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,532

Year Built

  • Built in 1987

Lot Details

  • 6,451 Sq Ft Lot
  • Lot Dimensions are 50x130
  • 1 Common Wall
  • Security Fence
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Property Attached
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,872 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Main Floor Bedroom
  • 7 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 17
  • Tax Tract Number 17
  • Assessor Parcel Number 7261031018

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $720
  • Insurance Expense $1,800
  • New Taxes Expense $8,400
  • Gross Income $5,491
  • Net Operating Income $65,172

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,532

Year Built

Built in 1987

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Downtown (DT)
  • View: No
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7261031018
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 200.41
  • Room Type: Main Floor Bedroom

Exterior Features

  • Foundation: Slab
  • Fencing: Security
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size: 50X130
  • Lot Size Sq Ft: 6451.00
  • Lot Size Acres: 0.1480

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 5491.00
  • Gross Multiplier: 11.68
  • Gross Scheduled Income: 65892.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 6451.0000 Square Feet
  • Net Operating Income: 65172.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 720.00
  • Rent Control: No
  • Total Actual Rent: 5491.00

Tax Info

  • New Taxes Expense: 8400.00
  • Taxes Percent: 1.25
  • Tax Lot: 17
  • Tax Tract Number: 17
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2014
Closed on
Apr 17, 2014
Sold by
Mendoza Osvaldo P and Perales Rosa T
Bought by
Thai David and Thai Ly Y
Seller's Agent
Ami Endo
IRN Realty
Buyer's Agent
Tom Mai
Tom Mai, Broker
List Price
$769,888
Sold Price
$776,000
Premium/Discount to List
$6,112
0.79%
Current Estimated Value
$1,517,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$741,447
Avg. Annual Appreciation
6.02%
Original Mortgage
$539,000
Outstanding Balance
$169,459
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$1,335,573

Purchase Details

Closed on
Feb 22, 2005
Sold by
Lay Kheng and Ly Nay Ky
Bought by
Mendoza Osvaldo P and Perales Rosa T

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
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 1999
Sold by
Lay Kheng and Ly Nay Ky
Bought by
Lay Kheng and Ly Nay Ky

Purchase Details

Closed on
Feb 3, 1998
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Lay Kheng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,680
Interest Rate
5.25%

Purchase Details

Closed on
Sep 12, 1997
Sold by
Phuong Narin and Federal Home Loan Mortgage Cor
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jun 6, 1997
Sold by
Phuong Narin
Bought by
Shimony Dona and Shimony Raviv
Source: Public Records

Range of Values:

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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
Thai David $776,000 Fidelity National Title
Mendoza Osvaldo P $750,000 Commerce Title Company
Lay Kheng -- --
Lay Kheng $172,500 First American Title Co
Federal Home Loan Mortgage Corporation $265,000 Fidelity Title
Shimony Dona -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thai David $539,000
Previous Owner Mendoza Osvaldo P $600,000
Previous Owner Lay Kheng $175,001
Previous Owner Lay Kheng $176,000
Previous Owner Lay Kheng $180,000
Previous Owner Lay Kheng $137,680
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2014 05/15/14 Sold $776,000 +0.8% $200 / Sq Ft
05/01/2014 05/01/14 Pending -- -- --
04/05/2014 04/05/14 For Sale $769,888 -- $199 / 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 $12,532 $951,258 $551,634 $399,624
2024 $12,532 $932,607 $540,818 $391,789
2023 $12,321 $914,321 $530,214 $384,107
2022 $11,578 $896,394 $519,818 $376,576
2021 $11,335 $878,819 $509,626 $369,193
2020 $11,305 $869,809 $504,401 $365,408
2019 $11,174 $852,755 $494,511 $358,244
2018 $10,805 $836,035 $484,815 $351,220
2017 $119 $819,643 $475,309 $344,334
2016 $9,931 $803,573 $465,990 $337,583
2015 $9,537 $791,504 $458,991 $332,513
2014 $9,071 $740,000 $348,200 $391,800
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Ami Endo

    IRN Realty

  • T

    Buyer's Agent in 2014

    Tom Mai

    Tom Mai, Broker

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14070118

California Regional Multiple Listing Service (CRMLS)

APN: 7261-031-018

California Los Angeles County Long Beach 90813 Cambodia Town

1140 Gardenia Ave, Long Beach, CA

This home is located at 1140 Gardenia Ave, Long Beach, CA 90813 since 05 April 2014 and is currently estimated at $1,517,447, approximately $391 per square foot. This property was built in 1987. 1140 Gardenia Ave is a home located in Los Angeles County with nearby schools including Lincoln Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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