NOT LISTED FOR SALE

Estimated Value: $1,324,649 - $1,616,000

4 Beds
4 Baths
3,308 Sq Ft
$455/Sq Ft Est. Value

Last Sold July 31, 2014

Last sale price $705,000 $213 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $8,818/month

81 Days on Market

Highlights

  • 0.07 Acre Lot
  • Laundry Room
  • Wall Furnace
  • Long Beach Polytechnic High School Rated A

About This Home

As of July 2014

Excellent 4 unit income property with covered carport for two cars. All units with own washer dryer hook up's. Low cost, low maintenance building, close to beach. conforming one bedroom one bath units in good condition, upgrades include tankless hot water heater, 4 remodeled bathrooms, 3 remodeled kitchens, 2 units with newer laminate flooring and one unit with refinished hardwood floors.

Last Agent to Sell the Property

Philip DeMatteo

First Team Real Estate License #01384378 Listed on: 03/23/2014

First Team Real Estate

Last Buyer's Agent

Philip DeMatteo

First Team Real Estate License #01384378 Listed on: 03/23/2014

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 3,231 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • 3,308 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 38
  • Tax Tract Number 2182
  • Assessor Parcel Number 7275010037

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $1,227
  • Other Expense $238
  • Water Sewer Expense $469
  • New Taxes Expense $700
  • Gross Income $3,925
  • Net Operating Income $43,919

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • CapRate: 6.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 469.00
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7275010037
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 213.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 3231.00
  • Lot Size Acres: 0.0740

Multi Family

  • Gross Income: 3925.00
  • Gross Scheduled Income: 47100.00
  • Insurance Expense: 1227.00
  • Lot Size Area: 3231.0000 Square Feet
  • Net Operating Income: 43919.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 3181.00
  • Other Expense: 238.00
  • Other Expense Description: Health
  • Rent Control: No

Tax Info

  • New Taxes Expense: 700.00
  • Tax Lot: 38
  • Tax Tract Number: 2182
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 29, 2020
Sold by
Bullard Andrew L and Bullard Manda J
Bought by
Bullard Andrew L and Bullard Manda J
Current Estimated Value
$1,506,162

Purchase Details

Closed on
Apr 25, 2014
Sold by
Levison Sandra D
Bought by
Bullard Andrew and Bullard Manda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,750
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2003
Sold by
Marin Frank
Bought by
Levison Sandra D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.5%

Purchase Details

Closed on
Feb 8, 2001
Sold by
Miano Salvatore
Bought by
Marin Frank David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,441
Interest Rate
7.11%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 7, 2001
Sold by
Miano Salvatore
Bought by
Miano Salvatore and Azzato Kenneth R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,441
Interest Rate
7.11%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 26, 1999
Sold by
Saby Hassan M K
Bought by
Miano Salvatore and Azzato Kenneth R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,820
Interest Rate
6.98%
Mortgage Type
FHA
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
Bullard Andrew L -- None Available
Bullard Andrew L -- None Available
Bullard Andrew $705,000 Lawyers Title
Levison Sandra D $510,000 American Title Co
Marin Frank -- American Title Co
Marin Frank David $313,000 Lawyers Title Company
Miano Salvatore -- Lawyers Title Company
Miano Salvatore $205,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bullard Andrew $528,750
Previous Owner Levison Sandra D $400,000
Previous Owner Marin Frank David $310,441
Previous Owner Miano Salvatore $203,820
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2014 07/31/14 Sold $705,000 +0.9% $213 / Sq Ft
06/12/2014 06/12/14 Pending -- -- --
03/23/2014 03/23/14 For Sale $699,000 -- $211 / 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 $11,125 $847,298 $606,931 $240,367
2024 $11,125 $830,685 $595,031 $235,654
2023 $10,934 $814,398 $583,364 $231,034
2022 $10,270 $798,430 $571,926 $226,504
2021 $10,052 $782,775 $560,712 $222,063
2019 $9,909 $759,820 $544,082 $215,738
2018 $9,644 $744,927 $533,414 $211,513
2016 $8,866 $715,751 $512,701 $203,050
2015 $8,514 $705,000 $505,000 $200,000
2014 $7,377 $602,548 $366,256 $236,292
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14059278

California Regional Multiple Listing Service (CRMLS)

APN: 7275-010-037