NOT LISTED FOR SALE

1140 Gladys Ave Long Beach, CA 90804

Rose Park Neighborhood

Estimated Value: $1,293,000 - $1,522,627

10 Beds
6 Baths
6,792 Sq Ft
$213/Sq Ft Est. Value

Sale Details

Date Sold: April 1, 2014

Last sale price $790,000 $116 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $8,877 / mo

46 Days on Market

About This Home

As of April 2014

REDUCED PRICE FOR QUICK SALE. RARE IN MARKET. EXCELLENT INVESTMENT OPPORTUNITY. NO RENT CONTROL. VERY CLEAN UNITS LOCATED IN A GOOD AREA. ALLEY ACCESS TO 6 CAR GARAGES WITH NEW GARAGE DOORS.
ORIGINALLY IT WAS 6 UNITS WITH 2 SEPARATE APN BUT SELLER JUST PUT OVER $150 K (see Supplements attached for more details) FOR REMODELLING AND CONVERSION TO 4 UNITS RECENTLY IN 9/2013 TO MAKE THE UNITS NEWER /MORE SPACY AND TAKE ADVANCE OF the BETTER MORTGAGE LOAN PROGRAM AS SFR RESIDENTS. NEW PAINT IN AND OUT, UPGRADED PLUMBING, GAS LINE and ELECTRIC WORK WITH NEW 200 AMP PANEL BOX. EACH UNIT HAS SEPARATE ELECTRIC AND GAS METER, SOME NEW WINDOWS, NEW FLOOR TILE WORK, NEW DRYWALL, NEW STUCCO, NEW GARAGE DOOR, NEW KITCHEN& BATHROOM CABINETS&COUNTER TOPS AND NEW CARPET in THE BACK BUILDING and much much more .... RENT IS LOW, MORE ROOM TO INCREASE THE INCOME. MOST OF TENANTS ARE LONG TERM OCCUPIED (OVER 5 YEARS). VERY CONVENIENT LOCATION, EASY ACCESS TO FWY 405, 91, 605 ETC ...
EASY MANAGEMENT : The ower is paying $400/month for management now to get the rental check deposited to owner's account directly each month.

Last Agent to Sell the Property

Than Tran

Realty One Group West License #01140883 Listed on: 01/10/2014

Last Buyer's Agent

Douglas Krone

Pacific Sotheby's Int'l Realty License #01438519

Pacific Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 6,351 Sq Ft Lot
  • No Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 6 Car Garage

Home Design

  • 6,792 Sq Ft Home

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 7259017007

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $660
  • Insurance Expense $2,148
  • Maintenance Expense $2,286
  • Water Sewer Expense $4,800
  • New Taxes Expense $8,500
  • Gross Income $3,358
  • Net Operating Income $40,286

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

6,351 Sq Ft Lot

Parking

6

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 4800.00
  • Property Type: Residential Income
  • Gardener Expense: 660.00
  • Parcel Number: 7259017007
  • Year Built: 1942
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 116.31

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 6351.00
  • Lot Size Acres: 0.1460

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3358.00
  • Gross Scheduled Income: 58680.00
  • Insurance Expense: 2148.00
  • Lot Size Area: 6351.0000 Square Feet
  • Maintenance Expense: 2286.00
  • Net Operating Income: 40286.00
  • 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: 18394.00
  • Rent Control: No
  • Total Actual Rent: 4890.00

Tax Info

  • New Taxes Expense: 8500.00
  • Tax Year: 2012

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2015
Sold by
Bought by
Current Estimated Value
$1,444,657

Purchase Details

Listed on
Jan 10, 2014
Closed on
Mar 24, 2014
Sold by
Bought by
Seller's Agent
Than Tran
Realty One Group West
Buyer's Agent
Douglas Krone
Pacific Sotheby's Int'l Realty
List Price
$835,000
Sold Price
$790,000
Premium/Discount to List
-$45,000
-5.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.04%
Original Mortgage
$592,500
Outstanding Balance
$447,554
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$997,103

Purchase Details

Closed on
Apr 11, 2011
Sold by
Bought by

Purchase Details

Closed on
Sep 19, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2003
Sold by
Bought by

Purchase Details

Closed on
Mar 12, 2003
Sold by
Bought by

Purchase Details

Closed on
May 2, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.51%

Purchase Details

Closed on
Feb 27, 2002
Sold by
Bought by

Purchase Details

Closed on
Dec 1, 2000
Sold by
Bought by

Purchase Details

Closed on
Sep 29, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,762
Interest Rate
7.89%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 3, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,762
Interest Rate
7.89%
Mortgage Type
FHA

Purchase Details

Closed on
May 27, 1998
Sold by
Bought by

Purchase Details

Closed on
May 26, 1998
Sold by
Bought by

Purchase Details

Closed on
May 8, 1998
Sold by
Bought by

Purchase Details

Closed on
May 13, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,815
Interest Rate
8.13%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 22, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,815
Interest Rate
8.13%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$790,000 Lawyers Title
-- None Available
$750,000 Ticor Title Tustin Orange Co
-- Ticor Title Tustin Orange Co
-- --
-- --
-- First Southwestern Title Co
$329,000 First Southwestern Title Co
-- Landsafe Title
$353,755 Landsafe Title
-- --
$330,000 South Coast Title
-- Benefit Land Title Company
$95,000 Benefit Land Title Company
$95,000 Benefit Land Title Company
$198,000 Benefit Land Title Ins Co
$330,000 Commonwealth Title Co
$185,000 Commonwealth Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $592,500
Previous Owner $500,000
Previous Owner $230,000
Previous Owner $327,762
Previous Owner $314,815
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/01/2014 04/01/14 Sold $790,000 -5.4% $116 / Sq Ft
02/25/2014 02/25/14 Pending -- -- --
01/10/2014 01/10/14 For Sale $835,000 -- $123 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $13,428 $968,420 $490,338 $478,082
2024 $12,818 $949,432 $480,724 $468,708
2023 $12,604 $930,817 $471,299 $459,518
2022 $11,846 $912,566 $462,058 $450,508
2021 $11,591 $894,674 $452,999 $441,675
2020 $11,560 $885,502 $448,355 $437,147
2019 $11,427 $868,140 $439,564 $428,576
2018 $11,051 $851,119 $430,946 $420,173
2016 $10,148 $818,071 $414,213 $403,858
2015 $9,747 $805,784 $407,992 $397,792
2014 $8,026 $658,427 $365,793 $292,634
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2014

    Than Tran

    Realty One Group West

  • Douglas Krone

    Buyer's Agent in 2014

    Douglas Krone

    Pacific Sothebys

    (714) 319-1300

    19 Total Sales

    Douglas Krone
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14015355

California Regional Multiple Listing Service (CRMLS)

APN: 7259-017-007

California Los Angeles County Long Beach 90804 Rose Park

1140 Gladys Ave, Long Beach, CA

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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