NOT LISTED FOR SALE

Estimated Value: $630,000 - $788,000

2 Beds
2 Baths
1,262 Sq Ft
$549/Sq Ft Est. Value

Last Sold September 08, 2015

Last sale price $315,000 $250 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $3,968/month

78 Days on Market

Highlights

  • Property is near a park
  • No HOA
  • Front Yard
  • Long Beach Polytechnic High School Rated A
  • Laundry Room
  • 2-minute walk to Douglas Macarthur Park

About This Home

As of September 2015

Income property available in Long Beach! This duplex has long term renters and is located on a very quiet street. Front unit has 1 bedroom, 1 bath, 1 parking spot, storage and kitchen with vinyl flooring. Back unit has 1 bedroom, 1 bath, 1 parking spot and kitchen with tiled flooring. Plenty of street parking also available. Front unit is Section 8 tenant occupied on a month to month basis and back unit is tenant occupied on a month to month basis. Laundry hookups in bathroom. Large park, playground and recreation center within walking distance and just minutes to the Long Beach Convention Center, Aquarium, and harbor.

Last Agent to Sell the Property

Elizabeth Do

Keller Williams Realty License #01473012 Listed on: 04/13/2015

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,132

Year Built

  • Built in 1922

Lot Details

  • 4,028 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • 1,262 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Property is near a park

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 11
  • Tax Tract Number 4011
  • Assessor Parcel Number 7268042014

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $1,080
  • Insurance Expense $633
  • Water Sewer Expense $660
  • New Taxes Expense $3,780
  • Operating Expense $6,153
  • Gross Income $1,525
  • Net Operating Income $16,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,132

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 660.00
  • Property Type: Residential Income
  • Parcel Number: 7268042014
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 249.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Park Nearby
  • Lot Size: 4047
  • Lot Size Sq Ft: 4028.00
  • Price Per Lot Square Foot: 78.20
  • Lot Size Acres: 0.0920

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Fuel Expense: 1080.00
  • Gross Income: 1525.00
  • Gross Scheduled Income: 18300.00
  • Insurance Expense: 633.00
  • Lot Size Area: 4028.0000 Square Feet
  • Net Operating Income: 16560.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1740.00
  • Rent Control: No
  • Total Expenses: 6153.00

Tax Info

  • New Taxes Expense: 3780.00
  • Tax Lot: 11
  • Tax Tract Number: 4011
  • Tax Annual Amount: 3132.00
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 27, 2024
Sold by
Zanki Yair Allen
Bought by
Zanki Yair Allen
Current Estimated Value
$673,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Outstanding Balance
$371,906
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$320,642

Purchase Details

Closed on
Jun 17, 2015
Sold by
Guyer Amy Tran and Tran Amy
Bought by
Zanki Yair

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,250
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2003
Sold by
Lor Peng Heang and Lor Kim Sath
Bought by
Tran Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 1998
Sold by
Lore Mollicah C
Bought by
Lor Peng Heang and Lor Kim Sath

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
7.02%

Purchase Details

Closed on
Apr 20, 1995
Sold by
Ngo Mark Se and Lore Lindsey
Bought by
Lor Peng Heang and Lor Kim Sath
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
Zanki Yair Allen -- Wfg National Title
Zanki Yair Allen -- Wfg National Title
Zanki Yair $315,000 Lawyers Title
Guyer Amy Tran -- Lawyers Title
Tran Amy $215,000 Southland Title Corporation
Lor Peng Heang -- --
Lor Peng Heang -- Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zanki Yair Allen $375,000
Closed Zanki Yair Allen $375,000
Previous Owner Zanki Yair $236,250
Previous Owner Tran Amy $172,000
Previous Owner Lor Peng Heang $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2015 09/08/15 Sold $315,000 -7.1% $250 / Sq Ft
06/30/2015 06/30/15 Pending -- -- --
04/13/2015 04/13/15 For Sale $339,000 -- $269 / 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 $5,101 $372,888 $236,756 $136,132
2024 $5,101 $365,577 $232,114 $133,463
2023 $5,010 $358,410 $227,563 $130,847
2022 $4,601 $351,383 $223,101 $128,282
2021 $4,505 $344,494 $218,727 $125,767
2019 $4,442 $334,279 $212,241 $122,038
2018 $4,270 $327,726 $208,080 $119,646
2016 $3,930 $315,000 $200,000 $115,000
2015 $3,145 $254,337 $176,264 $78,073
2014 $3,132 $249,356 $172,812 $76,544
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15077198

California Regional Multiple Listing Service (CRMLS)

APN: 7268-042-014