NOT LISTED FOR SALE
3 Beds
2 Baths
8,160 Sq Ft
6,499 Sq Ft Lot

Sale Details

Date Sold: May 2, 2014

Last sale price $1,100,000 $135 Per Sq Ft

About This Home

As of May 2014

*Gated Property * Garages * Close Walking Distance to Long Beach City College and Retail Amenities
Laundry, Not currently in use by owner

Last Agent to Sell the Property

Peter Gillin

Morgan Skenderian License #01433769 Listed on: 12/13/2013

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian License #01314304

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,499 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Home Design

  • 8,160 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 28 / D
  • Assessor Parcel Number 7268030017

Community Details

Overview

  • 12 Units

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,080
  • Maintenance Expense $9,384
  • Other Expense $1,500
  • Pest Control $900
  • Trash Expense $2,820
  • Water Sewer Expense $2,820
  • New Taxes Expense $14,639
  • Gross Income $9,775
  • Net Operating Income $70,492

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

6,499 Sq Ft Lot

Parking

6

Listing Details

  • CapRate: 6.30
  • Property Attached: Yes
  • Water Sewer Expenses: 2820.00
  • Property Type: Residential Income
  • Parcel Number: 7268030017
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 134.80

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 900.00
  • Trash Expense: 2820.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6499.00
  • Lot Size Acres: 0.1490

Multi Family

  • Gross Income: 9775.00
  • Gross Multiplier: 9.59
  • Gross Scheduled Income: 117300.00
  • Gross Spendable Income: 22445.00
  • Insurance Expense: 4080.00
  • Lot Size Area: 6499.0000 Square Feet
  • Maintenance Expense: 9384.00
  • Maintenance Percent: 7.50
  • Net Operating Income: 70492.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 40943.00
  • Operating Expense Percent: 34.90
  • Other Expense: 1500.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Total Actual Rent: 9775.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 14639.00
  • Tax Block: D
  • Tax Lot: 28

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
Jan 7, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
0.0428%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 6, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,000
Interest Rate
0.0624%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 18, 2001
Sold by
Bought by

Purchase Details

Closed on
Aug 9, 2000
Sold by
Bought by

Purchase Details

Closed on
Mar 30, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
0.0819%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 14, 1998
Sold by
Bought by

Purchase Details

Closed on
Apr 3, 1996
Sold by
Bought by

Purchase Details

Closed on
Jan 1, 1995
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$1,100,000 Ticor Title
$640,000 First American Title Co
$315,000 Fidelity National Title Ins
-- --
$270,000 Fidelity Title
-- --
-- --
$3,500 --
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 $825,000
Previous Owner $277,000
Previous Owner $367,500
Previous Owner $220,000
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
05/02/2014 05/02/14 Sold $1,100,000 -2.2% $135 / Sq Ft
12/13/2013 12/13/13 Pending -- -- --
12/13/2013 12/13/13 For Sale $1,125,000 -- $138 / 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
2025 $19,656 $1,348,438 $490,338 $858,100
2024 $18,755 $1,321,999 $480,724 $841,275
2023 $18,300 $1,296,079 $471,299 $824,780
2022 $17,210 $1,270,666 $462,058 $808,608
2021 $16,811 $1,245,752 $452,999 $792,753
2019 $16,569 $1,208,805 $439,564 $769,241
2018 $16,109 $1,185,104 $430,946 $754,158
2016 $14,808 $1,139,087 $414,213 $724,874
2015 $14,238 $1,121,978 $407,992 $713,986
2014 $10,279 $756,141 $177,219 $578,922
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13247105

California Regional Multiple Listing Service (CRMLS)
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