NOT LISTED FOR SALE

Estimated Value: $809,000 - $977,000

4 Beds
3 Baths
2,034 Sq Ft
$443/Sq Ft Est. Value

Last Sold April 14, 2015

Last sale price $461,000 $227 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $5,527/month

37 Days on Market

Highlights

  • Property is near public transit
  • Cooling Available
  • Ceiling Fan
  • No HOA
  • Laundry Room
  • Level Lot

About This Home

As of April 2015

Great opportunity to own a duplex in Long Beach convenient to freeways, public transportation and shopping. Rent one unit out and live in the other or rent them both out for maximum return on investment. One unit features 2 bedrooms, 2 baths, living room, dining room and fireplace in a single story with attached 2 car garage. The other unit is a two bedroom with 1 bath and detached 1 car garage. Laundry hookups inside units. Both units have small, easy to maintain yard. Street and alley access.

Last Agent to Sell the Property

Justin Bevins

Reliable Realty Inc. License #01407424 Listed on: 02/16/2015

Last Buyer's Agent

Teresa Gutierrez

First American Team Realty Inc License #01335473

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,167

Year Built

  • Built in 1972

Lot Details

  • 5,782 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Level Lot

Parking

  • 3 Car Garage
  • Parking Available
  • Side Facing Garage

Home Design

  • Property Attached
  • Shingle Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 2,034 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Carpet

Kitchen

  • Electric Range
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Utilities

  • Cooling Available
  • Radiant Heating System
  • 220 Volts in Kitchen

Additional Features

  • Rain Gutters
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 30
  • Tax Tract Number 5992
  • Assessor Parcel Number 7126016019

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 1 Separate Water Meter
  • Gardener Expense $660
  • Insurance Expense $700
  • Water Sewer Expense $1,200
  • Gross Income $2,760
  • Net Operating Income $30,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,167

Year Built

Built in 1972

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Gardener Expense: 660.00
  • Parcel Number: 7126016019
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 226.65

Exterior Features

  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage Faces Side
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Disposal
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry
  • Heating Type: Radiant
  • Laundry Features: Common Area
  • Water Source: Public
  • Cooling: Electric
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Lot Features: Level with Street, Near Public Transit
  • Lot Size Sq Ft: 5782.00
  • Lot Size Acres: 0.1330

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 2760.00
  • Gross Scheduled Income: 33120.00
  • Insurance Expense: 700.00
  • Lot Size Area: 5782.0000 Square Feet
  • Net Operating Income: 30560.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 2560.00
  • Rent Control: No
  • Total Actual Rent: 1320.00

Tax Info

  • Tax Lot: 30
  • Tax Tract Number: 5992
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2015
Closed on
Apr 3, 2015
Sold by
Sobouti Kamrouz
Bought by
Ruvalcaba Ricardo and Ruvalcaba Gloria
Seller's Agent
Justin Bevins
Reliable Realty Inc.
Buyer's Agent
Teresa Gutierrez
First American Team Realty Inc
List Price
$470,000
Sold Price
$461,000
Premium/Discount to List
-$9,000
-1.91%
Current Estimated Value
$900,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$439,518
Avg. Annual Appreciation
6.70%
Original Mortgage
$451,668
Interest Rate
3.76%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 26, 1999
Sold by
Sobouti Mamak P
Bought by
Sobouti Kamrouz
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
Ruvalcaba Ricardo $461,000 Lawyers Title Co
Sobouti Kamrouz -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romero Ricardo Ruvalcaba $406,000
Closed Ruvalcaba Ricardo $451,668
Previous Owner Sobouti Kamrouz $141,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2015 04/14/15 Sold $461,000 -1.9% $227 / Sq Ft
02/26/2015 02/26/15 Pending -- -- --
01/20/2015 01/20/15 For Sale $470,000 -- $231 / 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 $7,167 $554,043 $240,367 $313,676
2024 $7,167 $543,180 $235,654 $307,526
2023 $7,045 $532,531 $231,034 $301,497
2022 $6,618 $522,090 $226,504 $295,586
2021 $6,480 $511,854 $222,063 $289,791
2019 $6,386 $496,675 $215,478 $281,197
2018 $6,160 $486,937 $211,253 $275,684
2016 $5,659 $468,030 $203,050 $264,980
2015 $3,786 $307,639 $123,053 $184,586
2014 $3,768 $301,614 $120,643 $180,971
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW15013337

California Regional Multiple Listing Service (CRMLS)

APN: 7126-016-019