NOT LISTED FOR SALE

1179 E 21st St Long Beach, CA 90806

Sunrise Neighborhood

Estimated Value: $790,000 - $1,155,000

6 Beds
3 Baths
2,214 Sq Ft
$429/Sq Ft Est. Value

Last Sold July 16, 2014

Last sale price $525,000 $237 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $5,603/month

35 Days on Market

About This Home

As of July 2014

Nice 3 unit Complex in the Poly high area of Long Beach. All units are 2 bedrooms and 1 bathroom fully rented with long term tenants. Walking distance to Long Beach City College BTD Division. Drive by only PLEASE DO NOT DISTURB TENANTS THEY DO NOT KNOW ABOUT THE SALE

Last Agent to Sell the Property

Pete Machin

eXp Realty of Greater Los Angeles License #01358372 Listed on: 04/30/2014

eXp Realty of Greater Los Angeles

Last Buyer's Agent

Wayne Liu

All USA Realty License #01727578

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 5,211 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 2,214 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 55
  • Tax Tract Number 55
  • Assessor Parcel Number 7210026024

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $770
  • Trash Expense $344
  • Water Sewer Expense $1,000
  • New Taxes Expense $5,500
  • Gross Income $3,361
  • Net Operating Income $38,020

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 1000.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7210026024
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 237.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 344.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5211.00
  • Lot Size Acres: 0.1200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3361.00
  • Gross Scheduled Income: 40332.00
  • Insurance Expense: 770.00
  • Lot Size Area: 5211.0000 Square Feet
  • Net Operating Income: 38020.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 2312.00
  • Rent Control: No
  • Total Actual Rent: 3100.00

Tax Info

  • New Taxes Expense: 5500.00
  • Tax Lot: 55
  • Tax Tract Number: 55
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2014
Closed on
Jun 9, 2014
Sold by
Song Suki Myong and Suki Myong Song Revocable Trus
Bought by
Liu Wayne H and Hsing Han I
Seller's Agent
Pete Machin
eXp Realty of Greater Los Angeles
Buyer's Agent
Wayne Liu
All USA Realty
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
$950,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$425,242
Avg. Annual Appreciation
5.30%
Original Mortgage
$355,750
Outstanding Balance
$269,261
Interest Rate
4.07%
Mortgage Type
New Conventional
Estimated Equity
$680,981

Purchase Details

Closed on
Oct 11, 2013
Sold by
Song Suki Myong
Bought by
Song Suki Myong and Suki Myong Song Revocable Trus

Purchase Details

Closed on
Feb 26, 2010
Sold by
Ma Hung
Bought by
Song Suki Myong

Purchase Details

Closed on
Jan 8, 2009
Sold by
Grp Loan Llc
Bought by
Ma Hung and Song Suki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
5.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 2, 2007
Sold by
Impac Funding Corp
Bought by
Grp Loan Llc

Purchase Details

Closed on
Mar 27, 2007
Sold by
Neely Wallace J
Bought by
Impac Funding Corp

Purchase Details

Closed on
Feb 16, 2006
Sold by
Sims Timothy N
Bought by
Neely Wallace J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
6.19%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 17, 2003
Sold by
Eexcel Communities
Bought by
Sims Timothy N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 29, 2003
Sold by
Hud
Bought by
Eexcel Communities

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,700
Interest Rate
5.83%

Purchase Details

Closed on
Nov 21, 2002
Sold by
Washington Mutual Bank Fa
Bought by
Hud

Purchase Details

Closed on
Mar 15, 2002
Sold by
Ramos Oscar and Ramos Macaria
Bought by
Washington Mutual Home Loans Inc

Purchase Details

Closed on
Mar 15, 2001
Sold by
Castro Yadira S
Bought by
Ramos Oscar and Ramos Macaria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,446
Interest Rate
7.06%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 19, 2000
Sold by
Hud
Bought by
Castro Yadira S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,200
Interest Rate
8.16%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jan 14, 2000
Sold by
Lopez Carlos and Lopez Cesar
Bought by
Bank United

Purchase Details

Closed on
Feb 4, 1999
Sold by
Olivas Jessie
Bought by
Lopez Carlos and Lopez Cesar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,395
Interest Rate
6.7%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 26, 1998
Sold by
Wynbergen Family Trust Van Wynbergen Lionel C and Vanwynbergen Elvira
Bought by
Olivas Jesse

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.88%

Purchase Details

Closed on
Dec 14, 1993
Sold by
Vanwynbergen Lionel and Vanwynbergen Elvira Ann
Bought by
Vanwynbergen Lionel and Vanwynbergen Elvira Ann
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

Date Buyer Sale Price Title Company
Liu Wayne H $478,500 Ticor Title Company
Song Suki Myong -- None Available
Song Suki Myong -- None Available
Ma Hung $325,000 First American Title Ins Co
Grp Loan Llc -- None Available
Impac Funding Corp $575,524 Landsafe Title
Neely Wallace J $680,000 Ort
Sims Timothy N $325,000 Southland Title Company
Sims Timothy N -- Southland Title Company
Eexcel Communities $231,000 Commerce Title
Hud $245,494 First American Title Co
Washington Mutual Home Loans Inc $245,494 First American Title Co
Ramos Oscar $230,000 South Coast Title Company
Castro Yadira S $145,000 Stewart Title
Bank United $256,766 United Title Company
Lopez Carlos $240,000 Commonwealth Land Title Co
Olivas Jesse $127,000 North American Title Co
Vanwynbergen Lionel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Wayne H $355,750
Previous Owner Ma Hung $243,750
Previous Owner Neely Wallace J $544,000
Previous Owner Sims Timothy N $260,000
Previous Owner Eexcel Communities $161,700
Previous Owner Ramos Oscar $226,446
Previous Owner Castro Yadira S $159,200
Previous Owner Lopez Carlos $238,395
Previous Owner Olivas Jesse $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2014 07/16/14 Sold $525,000 0.0% $237 / Sq Ft
06/04/2014 06/04/14 Pending -- -- --
04/30/2014 04/30/14 For Sale $525,000 -- $237 / 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 $7,667 $575,078 $240,367 $334,711
2024 $7,667 $563,803 $235,654 $328,149
2023 $7,536 $552,749 $231,034 $321,715
2022 $7,084 $541,911 $226,504 $315,407
2021 $6,935 $531,286 $222,063 $309,223
2019 $6,837 $515,530 $215,478 $300,052
2018 $6,595 $505,422 $211,253 $294,169
2016 $6,066 $485,797 $203,050 $282,747
2015 $5,827 $478,500 $200,000 $278,500
2014 $4,344 $341,407 $210,097 $131,310
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2014

    Pete Machin

    eXp Realty of Greater Los Angeles

    Section Image

  • W

    Buyer's Agent in 2014

    Wayne Liu

    All USA Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14088236

California Regional Multiple Listing Service (CRMLS)

APN: 7210-026-024

California Los Angeles County Long Beach 90806 Sunrise

1179 E 21st St, Long Beach, CA

Not Listed for Sale

MultiFamily

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