NOT LISTED FOR SALE

1240 E Market St Long Beach, CA 90805

Lindbergh Neighborhood

Estimated Value: $736,000 - $1,059,725

5 Beds
4 Baths
1,824 Sq Ft
$495/Sq Ft Est. Value

Last Sold October 30, 2012

Last sale price $404,000 $221 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $5,260/month

47 Days on Market

About This Home

As of October 2012

BACK ON THE MARKET subject to cancellation. Beautiful triplex in nice north Long Beach neighborhood!!!!! All three units have been remodelled with new kitchens and bathrooms, new paint and carpet, new windows, new fixtures!!!!! 2-car garage plus a long driveway for extra parking! Nice yard with fruit trees! Check out the numbers! Great income property or live in one and rent out the other two to help with your payment!!!!! Come and check it out!!!!!

Last Agent to Sell the Property

Steven Lamb

RAD Real Estate Management Inc License #01416452 Listed on: 07/28/2012

Last Buyer's Agent

Steve Holston

Home Base Realty Inc License #00686738

Home Base Realty Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 7,166

Parking

  • 6 Parking Spaces

Home Design

  • 1,824 Sq Ft Home
  • Traditional Architecture
  • Stucco

Additional Features

  • 7,166 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Lot 31
  • Tax Tract Number 5405
  • Assessor Parcel Number 7129001016

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,750
  • Net Operating Income $36,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 8.68
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7129001016
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 221.49

Exterior Features

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

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 7166.00
  • Lot Size Acres: 0.1650

Multi Family

  • Gross Income: 3750.00
  • Gross Multiplier: 9.22
  • Gross Scheduled Income: 45000.00
  • Lot Size Area: 7166.0000 Square Feet
  • Net Operating Income: 36000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 9000.00

Tax Info

  • Tax Area: 4992
  • Tax Lot: 31
  • Tax Tract Number: 5405

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2015
Sold by
Holston Stephen F
Bought by
Holston Stephen K and Stephen K Holston Trust
Current Estimated Value
$902,431

Purchase Details

Listed on
Jul 28, 2012
Closed on
Sep 13, 2012
Sold by
Electric Capital Llc
Bought by
Holston Stephen K and Holston Ethan
Seller's Agent
Steven Lamb
RAD Real Estate Management Inc
Buyer's Agent
Steve Holston
Home Base Realty Inc
List Price
$429,900
Sold Price
$404,000
Premium/Discount to List
-$25,900
-6.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$387,638
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 5, 2012
Sold by
Peraza Catalino and Peraza Maria A
Bought by
Electric Capital Llc

Purchase Details

Closed on
Dec 6, 2006
Sold by
Peraza Catalino and Peraza Maria A
Bought by
Peraza Catalino and Peraza Maria A

Purchase Details

Closed on
Jun 2, 2004
Sold by
Peraza Catalino
Bought by
Pereza Catalino and Peraza Maria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,500
Interest Rate
6.75%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Holston Stephen K -- None Available
Holston Stephen K $420,000 None Available
Electric Capital Llc $284,000 None Available
Peraza Catalino -- None Available
Pereza Catalino -- --
Peraza Catalino -- Ltc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Holston Stephen K $387,638
Previous Owner Peraza Catalino $276,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2012 10/30/12 Sold $404,000 -6.0% $221 / Sq Ft
09/13/2012 09/13/12 Pending -- -- --
07/28/2012 07/28/12 For Sale $429,900 -- $236 / 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 $6,553 $497,487 $369,423 $128,064
2024 $6,553 $487,733 $362,180 $125,553
2023 $6,437 $478,171 $355,079 $123,092
2022 $6,051 $468,796 $348,117 $120,679
2021 $5,921 $459,605 $341,292 $118,313
2020 $5,904 $454,893 $337,793 $117,100
2019 $5,833 $445,974 $331,170 $114,804
2018 $5,594 $437,230 $324,677 $112,553
2016 $5,144 $420,254 $312,070 $108,184
2015 $4,941 $413,942 $307,383 $106,559
2014 $4,916 $405,834 $301,362 $104,472
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2012

    Steven Lamb

    RAD Real Estate Management Inc

  • S

    Buyer's Agent in 2012

    Steve Holston

    Home Base Realty Inc

    (562) 260-5716

    18 Total Sales

    Steve Holston
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P830090

California Regional Multiple Listing Service (CRMLS)

APN: 7129-001-016

California Los Angeles County Long Beach 90805 Lindbergh

1240 E Market St, Long Beach, CA

Not Listed for Sale

MultiFamily

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