NOT LISTED FOR SALE

Estimated Value: $857,000 - $1,051,127

5 Beds
3 Baths
1,854 Sq Ft
$521/Sq Ft Est. Value

Last Sold December 23, 2015

Last sale price $525,000 $283 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,946/month

18 Days on Market

Highlights

  • Open Floorplan
  • Fireplace in Kitchen
  • Granite Countertops
  • Long Beach Polytechnic High School Rated A
  • Wood Flooring
  • 4-minute walk to Craftsman Village Park

About This Home

As of December 2015

This is a wonderful triplex that is in good condition with many upgrades. Detached Front House has 3 bedrooms & 1 bath, Duplex in the rear has stacked 1 bedroom & 1 bath units (identical floor plans). The adorable Front House has a welcoming front porch and an enclosed front yard. It has a super floor plan with great natural lighting, large open living room, remodeled bathroom, wood floors, laundry area, and mostly new vinyl windows. The big kitchen has been upgraded with newer wood cabinets, granite counters, glass backsplash, stainless sink & faucet, and it includes the stove & microwave/hood. The Duplex units are both nicely upgraded and have fantastic, super open floor plans. Both units have upgraded kitchen cabinets (lower unit has granite slab counters) and include stove & microwave/hood, nice laminate wood floors and upgraded baths. Upper unit has brand new two-tone paint, and upgraded bathroom with new tile floors, new vanity, toilet, and re-finished tub. Duplex has fresh exterior paint. Triplex has copper plumbing, updated electrical, separate gas & electric meters, and each unit has its own water heater. Parking on rear driveway. Storage shed in back is shared by tenants. Do NOT disturb occupants. Please see floor plans in photos & supplements.

Last Agent to Sell the Property

Karen Lucas

Estate Properties License #01049036 Listed on: 09/18/2015

Estate Properties

Last Buyer's Agent

Timothy Jarnot

Westline Properties License #01274482

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,173

Year Built

  • Built in 1924 | Remodeled

Lot Details

  • 4,253 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Wrought Iron Fence
  • Paved or Partially Paved Lot
  • Level Lot
  • Front Yard

Home Design

  • Bungalow
  • Composition Roof
  • Copper Plumbing

Interior Spaces

  • 1,854 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Gas Fireplace
  • Great Room with Fireplace
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Microwave
  • Granite Countertops
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • Parking Available
  • Driveway
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting
  • Shed

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, water
  • Tax Lot 3
  • Assessor Parcel Number 7267006001

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Insurance Expense $968
  • Trash Expense $240
  • Water Sewer Expense $1,500
  • New Taxes Expense $6,900
  • Gross Income $3,300
  • Net Operating Income $28,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,173

Year Built

Built in 1924 | Remodeled

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • View: No
  • Water Sewer Expenses: 1500.00
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7267006001
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Full, Granite Counters, Open Floorplan
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile, Wood
  • Appliances: Yes
  • Fireplace Features: Gas, Great Room, Kitchen, Living Room
  • Price Per Square Foot: 283.17
  • Room Type: Living Room

Exterior Features

  • Other Structures: Storage, Shed(s)
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Unassigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop, Microwave, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Trash Expense: 240.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: Front Yard, Level with Street, Paved
  • Lot Size Sq Ft: 4253.00
  • Price Per Lot Square Foot: 123.44
  • Lot Size Acres: 0.0980

Rental Info

  • Tenant Pays: Cable TV, Electricity, Water

Multi Family

  • Gross Income: 3300.00
  • Gross Scheduled Income: 39600.00
  • Insurance Expense: 968.00
  • Lot Size Area: 4253.0000 Square Feet
  • Net Operating Income: 28120.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 9500.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 3270.00
  • Vacancy Allowance: 1980
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 6900.00
  • Tax Lot: 3
  • Tax Tract Number: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2015
Closed on
Dec 16, 2015
Sold by
Rossi Dale E and Dale E Rossi Trust
Bought by
Lamperillo Gary and Tran Ha Thu
Seller's Agent
Karen Lucas
Estate Properties
Buyer's Agent
Timothy Jarnot
Westline Properties
List Price
$550,000
Sold Price
$525,000
Premium/Discount to List
-$25,000
-4.55%
Current Estimated Value
$966,282

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$441,282
Avg. Annual Appreciation
6.51%
Original Mortgage
$393,750
Outstanding Balance
$169,675
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$796,607

Purchase Details

Closed on
Jun 24, 2008
Sold by
Rossi Dale Estelle
Bought by
Rossi Dale E and The Dale E Rossi Trust

Purchase Details

Closed on
Apr 12, 2004
Sold by
Knight Gregory R and Knight Tam T
Bought by
Rossi Dale Estelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
5.92%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 16, 2003
Sold by
Walker Derrick and Walker Errick
Bought by
Knight Gregory R and Knight Tam T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,900
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 2000
Sold by
Jones Damon
Bought by
Walker Derrick and Walker Errick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,528
Interest Rate
8.22%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 3, 1999
Sold by
Kinsey Eugene E and Kinsey Geraldine A
Bought by
Jones Damon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.87%

Purchase Details

Closed on
Apr 22, 1998
Sold by
Kinsey Eugene E and Kinsey Geraldine A
Bought by
Kinsey Eugene E and Kinsey Geraldine A
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
Lamperillo Gary $525,000 Progressive Title Company
Rossi Dale E -- None Available
Rossi Dale Estelle $490,000 Equity Title
Knight Gregory R $290,000 --
Walker Derrick $180,000 United Title Company
Jones Damon $130,000 United Title
Kinsey Eugene E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lamperillo Gary $393,750
Previous Owner Rossi Dale E $369,600
Previous Owner Rossi Dale Estelle $389,500
Previous Owner Rossi Dale Estelle $388,000
Previous Owner Rossi Dale Estelle $367,500
Previous Owner Knight Gregory R $231,900
Previous Owner Walker Derrick $178,528
Previous Owner Jones Damon $150,000
Closed Knight Gregory R $43,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2015 12/23/15 Sold $525,000 -4.5% $283 / Sq Ft
10/06/2015 10/06/15 Pending -- -- --
09/18/2015 09/18/15 For Sale $550,000 -- $297 / 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 $8,173 $621,486 $438,000 $183,486
2024 $8,173 $609,301 $429,412 $179,889
2023 $8,033 $597,355 $420,993 $176,362
2022 $7,546 $585,643 $412,739 $172,904
2021 $7,391 $574,161 $404,647 $169,514
2020 $7,372 $568,274 $400,498 $167,776
2019 $7,286 $557,133 $392,646 $164,487
2018 $7,057 $546,210 $384,948 $161,262
2016 $6,495 $525,000 $370,000 $155,000
2015 $6,941 $579,663 $231,865 $347,798
2014 $6,900 $568,310 $227,324 $340,986
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV15206942

California Regional Multiple Listing Service (CRMLS)

APN: 7267-006-001