NOT LISTED FOR SALE

Estimated Value: $685,000 - $763,000

3 Beds
2 Baths
1,432 Sq Ft
$512/Sq Ft Est. Value

Last Sold April 28, 2017

Last sale price $518,000 $362 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $4,471/month

11 Days on Market

Highlights

  • Wood Flooring
  • Living Room
  • Front Yard
  • Long Beach Polytechnic High School Rated A
  • Wall Furnace
  • 1-minute walk to Craftsman Village Park

About This Home

As of April 2017

Welcome home to 1214-1216 E 8th Street, an attractive Craftsman bungalow style duplex in the Craftsman Village Historic District of Long Beach. Bursting with curb appeal, the attractive drought resistant front landscaping leads your gaze to desirable separate, porch covered entrances affording the privacy and the feel of separate homes. Each of the one bedroom, one bath units features a mirror layout; flow easily from the living room to the dining room through the block archway. Some of the many Craftsman architectural details throughout include hardwood flooring and thick casement windows and doors. The galley kitchens are smartly designed with efficient Shaker styled cabinetry and low maintenance tile flooring. Each of the crisp white bathrooms include a pedestal sink and tons of natural light from the windows. The low maintenance grounds make this property an easy addition to your real estate portfolio and perhaps the perfect target to live in one and rent the other. Do not let this Long Beach Craftsman duplex pass you by!

Last Agent to Sell the Property

Jeff Anderson

eXp Realty of California Inc License #01729514 Listed on: 03/16/2017

eXp Realty of California Inc

Co-Listed By

Susy Cabrera

eXp Realty of California Inc License #01982851

Last Buyer's Agent

Costanza Genoese Zerbi

eXp Realty of Greater Los Angeles License #01941438

eXp Realty of Greater Los Angeles

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 2,890 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Home Design

  • Duplex

Interior Spaces

  • 1,432 Sq Ft Home
  • 1-Story Property
  • Living Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 1772
  • Assessor Parcel Number 7267026001

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $475
  • Professional Management Expense $175
  • Trash Expense $240
  • Water Sewer Expense $240
  • New Taxes Expense $2,800
  • Operating Expense $3,930
  • Gross Income $25,692
  • Net Operating Income $21,762

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Professional Management Expense: 175.00
  • Property Attached: Yes
  • Water Sewer Expenses: 240.00
  • Zoning: LBR2N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7267026001
  • Year Built: 1919
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Levels: One
  • Price Per Square Foot: 361.73
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Spa: No

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 240.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 2890.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 25692.00
  • Gross Scheduled Income: 25692.00
  • Insurance Expense: 475.00
  • Net Operating Income: 21762.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 3930.00
  • Rent Control: No
  • Total Actual Rent: 2141.00
  • Total Expenses: 3930.00

Tax Info

  • New Taxes Expense: 2800.00
  • Tax Census Tract: 5764.02
  • Tax Lot: 1
  • Tax Tract Number: 1772

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2017
Closed on
Mar 28, 2017
Sold by
Aragon Daniel J
Bought by
Ducher Nicolas and Ho Yalun
Seller's Agent
Jeff Anderson
eXp Realty of California Inc
Buyer's Agent
Costanza Genoese Zerbi
eXp Realty of Greater Los Angeles
List Price
$489,900
Sold Price
$518,000
Premium/Discount to List
$28,100
5.74%
Current Estimated Value
$732,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,607
Avg. Annual Appreciation
4.08%
Original Mortgage
$233,000
Outstanding Balance
$193,910
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$538,697

Purchase Details

Closed on
Aug 26, 2010
Sold by
Aragon Gabriel
Bought by
Aragon Daniel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,605
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2009
Sold by
Aragon Gabriela
Bought by
Aragon Daniel J

Purchase Details

Closed on
Jun 4, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Aragon Daniel J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,105
Interest Rate
5.09%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 20, 2009
Sold by
Chhiv Sothhira
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Jun 26, 2007
Sold by
Chhiv Sothira
Bought by
Bo Uce

Purchase Details

Closed on
Sep 2, 2005
Sold by
Chhiv Sothira
Bought by
Chhiv Sothira

Purchase Details

Closed on
Jun 28, 2005
Sold by
Sok Chinda
Bought by
Chhiv Sothira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2005
Sold by
Noel Tori M and Catching Jacqueline O
Bought by
Chhiv Sothira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 3, 2005
Sold by
Catching Jacqueline O
Bought by
Catching Jacqueline O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,200
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 2004
Sold by
Ranney Matthew J
Bought by
Catching Jacqueline O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,200
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 7, 2003
Sold by
Reinhaler William J
Bought by
Ranney Matthew J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,100
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 7, 2002
Sold by
Kotoyantz Arshak and Kotoyantz Carla G
Bought by
Reinthaler William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
9.99%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ducher Nicolas $518,000 Fidelity National Title Co
Aragon Daniel J -- Lps Title & Settlement Svcs
Aragon Daniel J -- Lsi Title Company Ca
Aragon Daniel J $215,000 Lsi Title Company Ca
Deutsche Bank National Trust Company $260,000 None Available
Bo Uce -- None Available
Chhiv Sothira -- --
Chhiv Sothira -- Stewart Title Irvine
Chhiv Sothira $530,000 Stewart Title Irvine
Catching Jacqueline O -- --
Catching Jacqueline O $384,000 Lawyers Title
Ranney Matthew J $179,000 Natc
Reinthaler William J $150,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ducher Nicolas $233,000
Previous Owner Aragon Daniel J $218,605
Previous Owner Aragon Daniel J $211,105
Previous Owner Chhiv Sothira $424,000
Previous Owner Catching Jacqueline O $307,200
Previous Owner Ranney Matthew J $161,100
Previous Owner Reinthaler William J $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2017 04/28/17 Sold $518,000 +5.7% $362 / Sq Ft
03/16/2017 03/16/17 For Sale $489,900 -- $342 / 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 $7,727 $601,177 $417,807 $183,370
2024 $7,727 $589,390 $409,615 $179,775
2023 $7,596 $577,834 $401,584 $176,250
2022 $7,131 $566,505 $393,710 $172,795
2021 $6,988 $555,398 $385,991 $169,407
2020 $6,970 $549,704 $382,034 $167,670
2019 $6,888 $538,927 $374,544 $164,383
2018 $6,697 $528,360 $367,200 $161,160
2016 $2,919 $234,431 $163,558 $70,873
2015 $2,805 $230,911 $161,102 $69,809
2014 $2,792 $226,389 $157,947 $68,442
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17054340

California Regional Multiple Listing Service (CRMLS)

APN: 7267-026-001