NOT LISTED FOR SALE

Estimated Value: $1,135,000 - $1,396,000

11 Beds
5 Baths
3,810 Sq Ft
$326/Sq Ft Est. Value

Sale Details

Date Sold: March 25, 2016

Last sale price $746,000 $196 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $7,879 / mo

120 Days on Market

About This Home

As of March 2016

This offering presents an investor the great opportunity to acquire a building in the heart of Cambodian town with an excellent unit mix that is centrally located near the Anaheim Commercial Corridor in Long Beach, California. This property has easy access to shops, schools, civil facilities, transportation, and the 405, 710 and 22 freeways. The property comprises two buildings. The front building is a 1988 wood frame/stucco construction that contains a three-bedroom/two-bath and a two-bedroom/one-bath unit. The back building was built in 1910, is separately metered for gas and electricity, and consists of two three-bedroom/one-and-one-half-bath units. The property also offers four garages and ample open parking. Drive by Only. Tenants are not aware of the sale. Please don't disturb the tenants. Thanks.

Last Agent to Sell the Property

Hiu Chan

Hiu Chan, Broker License #01297322 Listed on: 10/16/2015

Hiu Chan, Broker

Last Buyer's Agent

Mike Pesci

Keller Williams Studio City License #01274379

Keller Williams Studio City

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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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 6,527 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 3,810 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Bathrooms

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 576302
  • Assessor Parcel Number 7274003008

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Insurance Expense $600
  • Maintenance Expense $4,000
  • Other Expense $1,000
  • Supplies Expense $800
  • New Taxes Expense $11,635
  • Gross Income $5,150
  • Net Operating Income $38,551

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

6,527 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 4.82
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Supplies Expense: 800.00
  • Property Type: Residential Income
  • Parcel Number: 7274003008
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 195.80

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6527.00
  • Price Per Lot Square Foot: 114.29
  • Lot Size Acres: 0.1500

Multi Family

  • Electric Expense: 360.00
  • Gross Income: 5150.00
  • Gross Multiplier: 12.94
  • Gross Scheduled Income: 61800.00
  • Insurance Expense: 600.00
  • Lot Size Area: 6527.0000 Square Feet
  • Maintenance Expense: 4000.00
  • Net Operating Income: 38551.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 21395.00
  • Other Expense: 1000.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Actual Rent: 5150.00

Tax Info

  • New Taxes Expense: 11635.00
  • Tax Lot: 1
  • Tax Tract Number: 576302

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2016
Sold by
Ghebreyesus Febien L and Ghebreyesus Tesfamichael
Bought by
Current Estimated Value
$1,248,970

Purchase Details

Listed on
Oct 16, 2015
Closed on
Feb 16, 2016
Sold by
Houy Tea Heng Sao and Houy Kim Sak
Bought by
Ghebreyesus Febien L and Ghebreyesus Tesfamichael
Seller's Agent
Hiu Chan
Hiu Chan, Broker
Buyer's Agent
Mike Pesci
Keller Williams Studio City
List Price
$800,000
Sold Price
$746,000
Premium/Discount to List
-$54,000
-6.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.02%
Original Mortgage
$559,500
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2013
Sold by
Kim Sak Houy
Bought by
Tea Heng Sao

Purchase Details

Closed on
Jun 12, 2012
Sold by
Tea Kheng Ngoung
Bought by
Kim Sak Houy
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
Ghebreyesus Febien L $746,000 Ticor Title
Tea Heng Sao -- None Available
Kim Sak Houy -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $559,500
Previous Owner Tea Kheng Ngoung $150,000
Previous Owner Tea Kheng Ngoung $312,000
Previous Owner Taylor Winford Lee $33,600
Previous Owner Taylor Winford Lee $240,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/25/2016 03/25/16 Sold $746,000 -6.8% $196 / Sq Ft
02/13/2016 02/13/16 Pending -- -- --
10/16/2015 10/16/15 For Sale $800,000 -- $210 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $12,249 $900,764 $585,619 $315,145
2025 $12,249 $883,103 $574,137 $308,966
2024 $11,704 $865,788 $562,880 $302,908
2023 $11,507 $848,813 $551,844 $296,969
2022 $10,815 $832,171 $541,024 $291,147
2021 $10,586 $815,855 $530,416 $285,439
2019 $10,436 $791,659 $514,685 $276,974
2018 $10,079 $776,138 $504,594 $271,544
2016 $5,869 $459,463 $174,706 $284,757
2015 $5,643 $452,562 $172,082 $280,480
2014 $5,616 $443,698 $168,712 $274,986
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15241273

California Regional Multiple Listing Service (CRMLS)

APN: 7274-003-008

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