NOT LISTED FOR SALE

Estimated Value: $826,000 - $1,212,000

4 Beds
2 Baths
1,840 Sq Ft
$533/Sq Ft Est. Value

Last Sold December 21, 2012

Last sale price $365,000 $198 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $5,821/month

85 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • No Heating
  • Hughes Middle School Rated A-

About This Home

As of December 2012

DUPLEX with two separate address: 124 & 126. EACH UNIT HAS 2-BEDS & 1-BATH, approx 920 Sq foot each. Excellent area in Long Beach, close to Long Beach Memorial & Pacific Hospitals. Near Park, FWYs, entertainment, Port, etc. Nice quite area with lots of space due to larger lots and wider street with predominantly Single Fam Res. GREAT RENTAL PROPERTY or use exclusively as OWNER OCCUPIED. Plenty of room to create abundant landscape and private playground. Seller stated that interior is upgraded and done tastefully using hardwood flooring and tiled bathrooms. Seller very pleased with current tenants.

Last Agent to Sell the Property

Lourdes Trerotola

Amberwood Real Estate License #00972527 Listed on: 09/04/2012

Amberwood Real Estate

Last Buyer's Agent

Chia Liang

Manna Realty License #01511734

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,907

Year Built

  • Built in 1956

Lot Details

  • 5,994

Parking

  • 2 Car Garage
  • Carport
  • Driveway

Home Design

  • 1,840 Sq Ft Home
  • Contemporary Architecture
  • Composition Roof
  • Stucco

Flooring

  • Wood
  • Tile

Additional Features

  • 5,994 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 10 / 6
  • Assessor Parcel Number 7206010011

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1
  • Furniture Replacement Expense $1
  • Gardener Expense $1
  • Insurance Expense $1,260
  • Maintenance Expense $1
  • Other Expense $1
  • Pest Control $1
  • Professional Management Expense $1
  • Supplies Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • New Taxes Expense $4,500
  • Gross Income $2,600
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,907

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Professional Management Expense: 1.00
  • Supplies Expense: 1.00
  • View: No
  • Water Sewer Expenses: 1.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1.00
  • Parcel Number: 7206010011
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Tile, Wood
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 198.37

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Parking Features: Carport, Driveway
  • Total Parking Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: No
  • Pest Control Expense: 1.00
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5994.00
  • Lot Size Acres: 0.1380

Multi Family

  • Average2 Bed Area: 920
  • Electric Expense: 1.00
  • Furniture Replacement Expense: 1.00
  • Gross Income: 2600.00
  • Gross Multiplier: 138.46
  • Gross Scheduled Income: 2600.00
  • Insurance Expense: 1260.00
  • Lot Size Area: 5994.0000 Square Feet
  • Maintenance Expense: 1.00
  • Net Operating Income: 1.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 1.00
  • Other Expense: 1.00
  • Other Expense Description: 1
  • Total Actual Rent: 29640.00

Tax Info

  • New Taxes Expense: 4500.00
  • Tax Area: 11934
  • Tax Block: 6
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2012
Closed on
Jan 24, 2013
Sold by
Dimarucot Beatriz B
Bought by
Smothers Mechelle
Seller's Agent
Lourdes Trerotola
Amberwood Real Estate
Buyer's Agent
Chia Liang
Manna Realty
List Price
$360,000
Sold Price
$365,000
Premium/Discount to List
$5,000
1.39%
Current Estimated Value
$979,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$614,864
Avg. Annual Appreciation
7.75%
Original Mortgage
$358,388
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 24, 2006
Sold by
Dimarucot Jesus S and Dimarucot Beatriz B
Bought by
The Jb Dimarucot Family Trust and Dimarucot Jesus S

Purchase Details

Closed on
Oct 22, 1999
Sold by
Wilcoxson Loydene and Wilcoxson Loydene
Bought by
Dimarucot Jesus S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.87%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 3, 1996
Sold by
Eby Lida F
Bought by
Eby Liby F and Lida F Eby 1996 Revocable Trust
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
Smothers Mechelle $365,000 Orange Coast Title
Dimarucot Beatriz B -- Orange Coast Title
The Jb Dimarucot Family Trust -- None Available
Dimarucot Jesus S $175,000 Continental Title
Eby Liby F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smothers Mechelle $402,000
Closed Smothers Mechelle $358,388
Previous Owner Dimarucot Jesus S $200,000
Previous Owner Dimarucot Jesus S $370,000
Previous Owner Dimarucot Jesus S $227,000
Previous Owner Dimarucot Jesus S $167,000
Previous Owner Dimarucot Jesus S $164,500
Previous Owner Dimarucot Jesus S $140,000
Closed Dimarucot Jesus S $17,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2012 12/21/12 Sold $365,000 +1.4% $198 / Sq Ft
11/28/2012 11/28/12 Pending -- -- --
09/04/2012 09/04/12 For Sale $360,000 -- $196 / 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 $5,907 $449,459 $221,651 $227,808
2024 $5,907 $440,647 $217,305 $223,342
2023 $5,806 $432,008 $213,045 $218,963
2022 $5,458 $423,538 $208,868 $214,670
2021 $5,343 $415,234 $204,773 $210,461
2019 $5,265 $402,919 $198,700 $204,219
2018 $5,040 $395,019 $194,804 $200,215
2016 $4,630 $379,683 $187,241 $192,442
2015 $4,446 $373,981 $184,429 $189,552
2014 $4,421 $366,656 $180,817 $185,839
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: R1204544

California Regional Multiple Listing Service (CRMLS)

APN: 7206-010-011