NOT LISTED FOR SALE
12 Beds
8 Baths
5,207 Sq Ft
6,055 Sq Ft Lot

Sale Details

Date Sold: April 15, 2014

Last sale price $890,000 $171 Per Sq Ft

304 Days on Market

About This Home

As of April 2014

Units are in good condition easy to maintain. Conveniently located next to 710 fwy also easy ride to downtown Long Beach. Apartment building features: four 2BDR/1BA units and four 1BDR/1BA units; four individual one car garages; and three carport spots w/storage lockers.

Last Agent to Sell the Property

Cesar Chavez

Michael Gaddis, J.D. Realty Gr License #01336531 Listed on: 05/02/2013

Last Buyer's Agent

Sam Sidhu

Rockview Inc. License #01091396

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,055 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • 3 Attached Carport Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • 5,207 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Additional Features

  • Leased Washer and Dryer
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 11
  • Tax Tract Number 5729
  • Assessor Parcel Number 7431023017

Community Details

Overview

  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $680
  • Insurance Expense $2,000
  • Maintenance Expense $3,200
  • Trash Expense $600
  • Water Sewer Expense $2,750
  • New Taxes Expense $12,390
  • Gross Income $575
  • Net Operating Income $5,280

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

6,055 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 2750.00
  • Property Type: Residential Income
  • Parcel Number: 7431023017
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 170.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport, Driveway, Built-In Storage
  • Total Parking Spaces: 11.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6055.00
  • Lot Size Acres: 0.1390

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 680.00
  • Gross Income: 575.00
  • Gross Scheduled Income: 81300.00
  • Insurance Expense: 2000.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6055.0000 Square Feet
  • Maintenance Expense: 3200.00
  • Net Operating Income: 5280.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Operating Expense: 1691.00
  • Other Income Description: Carports $75
  • Rent Control: No
  • Total Actual Rent: 6775.00

Tax Info

  • New Taxes Expense: 12390.00
  • Tax Lot: 11
  • Tax Tract Number: 5729

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
Mar 25, 2019
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
$520,000
Outstanding Balance
$447,669
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Listed on
May 2, 2013
Closed on
Feb 26, 2014
Sold by
Bought by
Seller's Agent
Cesar Chavez
Michael Gaddis, J.D. Realty Gr
Buyer's Agent
Sam Sidhu
Rockview Inc.
List Price
$999,500
Sold Price
$890,000
Premium/Discount to List
-$109,500
-10.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$615,000
Interest Rate
4.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 12, 2006
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
$520,000
Interest Rate
6.55%
Mortgage Type
Commercial

Purchase Details

Closed on
May 13, 2005
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
$453,500
Interest Rate
5.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 3, 2004
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
$417,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 1, 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
$110,000
Interest Rate
6.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 2001
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
$278,824
Interest Rate
7%
Mortgage Type
Commercial

Purchase Details

Closed on
May 25, 1995
Sold by
Bought by

Purchase Details

Closed on
Mar 9, 1995
Sold by
Bought by

Purchase Details

Closed on
Sep 27, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- Fidelity National Title
$890,000 First American Title Company
-- Transunion Title
-- Commonwealth Land Title
-- United Title Company L A
-- --
$372,000 South Coast Title
$150,000 Continental Lawyers Title Co
-- Chicago Title
$250,000 World Title Company
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
Open $520,000
Previous Owner $615,000
Previous Owner $75,000
Previous Owner $520,000
Previous Owner $453,500
Previous Owner $417,000
Previous Owner $110,000
Previous Owner $278,824
Previous Owner $168,000
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
04/15/2014 04/15/14 Sold $890,000 -11.0% $171 / Sq Ft
01/30/2014 01/30/14 Pending -- -- --
04/01/2013 04/01/13 For Sale $999,500 -- $192 / 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 $15,499 $1,091,006 $490,338 $600,668
2024 $14,803 $1,069,615 $480,724 $588,891
2023 $14,543 $1,048,644 $471,299 $577,345
2022 $13,670 $1,028,083 $462,058 $566,025
2021 $13,368 $1,007,926 $452,999 $554,927
2019 $13,176 $978,692 $439,564 $539,128
2018 $12,791 $959,516 $430,946 $528,570
2016 $11,764 $921,624 $414,213 $507,411
2015 $11,306 $907,782 $407,992 $499,790
2014 $10,396 $814,150 $238,786 $575,364
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW13055711

California Regional Multiple Listing Service (CRMLS)
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