NOT LISTED FOR SALE

Estimated Value: $628,000 - $802,000

2 Beds
2 Baths
1,200 Sq Ft
$583/Sq Ft Est. Value

Last Sold February 15, 2017

Last sale price $409,000 $341 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $4,225/month

6 Days on Market

Highlights

  • Corner Lot
  • Long Beach Polytechnic High School Rated A
  • 1-minute walk to Craftsman Village Park

About This Home

As of February 2017

Bread and Butter Units!! This beautiful rehabbed duplex is a Craftsman Village Historical property next to a park on a corner lot. Perfect for first time buyer owner occupied or investor. Freshly painted inside and outside, updated electrical, updated plumbing, new laminate floors throughout, new tile in bathroom with new vanity, new kitchen cabinets with granite counter tops, new appliances, ceiling fans in bedrooms, new light fixtures and the list goes on.

Last Agent to Sell the Property

Armando Mendoza

West Shores Realty, Inc. License #01280264 Listed on: 01/05/2017

Last Buyer's Agent

Thu Le

Home Finder Realty License #01836096

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 2,020 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Home Design

  • 1,200 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 7267
  • Tax Tract Number 23
  • Assessor Parcel Number 7267023011

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • New Taxes Expense $5,250
  • Operating Expense $7,950
  • Net Operating Income $25,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7267023011
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 340.83

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 2020.00

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 900.00
  • Net Operating Income: 25800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 5400.00
  • Rent Control: No
  • Total Expenses: 7950.00

Tax Info

  • New Taxes Expense: 5250.00
  • Tax Census Tract: 5764.01
  • Tax Lot: 7267
  • Tax Tract Number: 023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2020
Sold by
Mai Quynh Ngoc Thi and Tran Manh Hung
Bought by
Tran Manh Hung
Current Estimated Value
$699,368

Purchase Details

Listed on
Jan 5, 2017
Closed on
Feb 3, 2017
Sold by
Coastal Holdings Llc
Bought by
Mai Quynh Ngoc Thi and Tran Manh Hung
Seller's Agent
Armando Mendoza
West Shores Realty, Inc.
Buyer's Agent
Thu Le
Home Finder Realty
List Price
$420,000
Sold Price
$409,000
Premium/Discount to List
-$11,000
-2.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.23%
Original Mortgage
$305,250
Outstanding Balance
$247,630
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$451,738

Purchase Details

Listed on
May 26, 2016
Closed on
Aug 9, 2016
Sold by
Trustee Eddie Sedillo
Bought by
Coastal Holdings Llc
Seller's Agent
Gordon Inman
Keller Williams Realty
Buyer's Agent
Gordon Inman
Keller Williams Realty
List Price
$329,000
Sold Price
$220,000
Premium/Discount to List
-$109,000
-33.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
274.09%
Original Mortgage
$180,000
Interest Rate
3.42%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 13, 1996
Sold by
Sedillo Eddie
Bought by
Sedillo Eddie and Eddie Sedillo Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Tran Manh Hung -- Accommodation
Mai Quynh Ngoc Thi $409,000 Fidelity National Title Co
Coastal Holdings Llc $225,000 Fidelity National Title Co
Sedillo Eddie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mai Quynh Ngoc Thi $305,250
Previous Owner Coastal Holdings Llc $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/15/2017 02/15/17 Sold $409,000 -2.6% $341 / Sq Ft
01/11/2017 01/11/17 Pending -- -- --
01/05/2017 01/05/17 For Sale $420,000 +90.9% $350 / Sq Ft
08/29/2016 08/29/16 Sold $220,000 -33.1% $183 / Sq Ft View Prior Sale
07/06/2016 07/06/16 Pending -- -- --
05/26/2016 05/26/16 For Sale $329,000 -- $274 / 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 $6,737 $521,473 $352,296 $169,177
2024 $6,737 $511,249 $345,389 $165,860
2023 $6,622 $501,225 $338,617 $162,608
2022 $6,217 $491,398 $331,978 $159,420
2021 $6,092 $481,764 $325,469 $156,295
2019 $5,498 $425,523 $301,716 $123,807
2018 $5,339 $417,180 $295,800 $121,380
2016 $1,841 $135,213 $54,082 $81,131
2015 $1,772 $133,183 $53,270 $79,913
2014 $1,770 $130,575 $52,227 $78,348
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17003181

California Regional Multiple Listing Service (CRMLS)

APN: 7267-023-011