NOT LISTED FOR SALE

Estimated Value: $1,396,000 - $1,539,000

4 Beds
4 Baths
3,308 Sq Ft
$451/Sq Ft Est. Value

Last Sold June 05, 2012

Last sale price $525,000 $159 Per Sq Ft

Est. 184% increase in value since last sale

Current estimated payment $8,650/month

386 Days on Market

Highlights

  • 0.07 Acre Lot
  • Traditional Architecture
  • No Heating
  • Long Beach Polytechnic High School Rated A

About This Home

As of June 2012

Nice building 3 blocks to the beach. Fully rented with top rents! Three of the units have sliding pocket doors dividing the living room from the dining room which allows the unit to be used as either a 1 bedroom with a living room and a dining room OR as a 2 bedroom with no dining room. Public record shows all units are officially 1br/1ba. 2 garages. Hardwood floors, french doors, tile counters and floors. Upper units have large balconies. All units have private laundry rooms. Newer landscaping w/ auto sprinkler system. Easy to rent area.

Last Agent to Sell the Property

Trudy Kalucea

Keller Williams Coastal Prop. License #01263450 Listed on: 12/16/2010

Keller Williams Coastal Prop.

Last Buyer's Agent

Tony Turek

Coldwell Banker Realty License #643837

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,843

Year Built

  • Built in 1920

Lot Details

  • 3,223 Sq Ft Lot

Parking

  • 2 Car Garage
  • Assigned Parking

Home Design

  • 3,308 Sq Ft Home
  • Traditional Architecture
  • Stucco

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • No Heating
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 40
  • Tax Tract Number 2182
  • Assessor Parcel Number 7275010039

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Insurance Expense $800
  • Water Sewer Expense $600
  • New Taxes Expense $7,313
  • Gross Income $4,000
  • Net Operating Income $45,496

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,843

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 8.75
  • View: No
  • Water Sewer Expenses: 600.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7275010039
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 158.71

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: No
  • Appliances: Gas Water Heater

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 3223.00
  • Lot Size Acres: 0.0740

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 827
  • Electric Expense: 360.00
  • Gross Income: 4000.00
  • Gross Multiplier: 10.83
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 800.00
  • Lot Size Area: 3223.0000 Square Feet
  • Net Operating Income: 45496.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 3
  • Number With Refrigerator: 3
  • Operating Expense: 2504.00

Tax Info

  • New Taxes Expense: 7313.00
  • Tax Area: 5500
  • Tax Lot: 40
  • Tax Tract: Alamitos Beach
  • Tax Tract Number: 2182

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2010
Closed on
May 23, 2012
Sold by
Silvestera Sarah and Jones Sarah
Bought by
Jones Eric
Seller's Agent
Trudy Kalucea
Keller Williams Coastal Prop.
Buyer's Agent
Tony Turek
Coldwell Banker Realty
List Price
$585,000
Sold Price
$525,000
Premium/Discount to List
-$60,000
-10.26%
Current Estimated Value
$1,491,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$966,000
Avg. Annual Appreciation
8.11%
Original Mortgage
$511,691
Outstanding Balance
$343,530
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$1,147,470

Purchase Details

Listed on
Dec 16, 2010
Closed on
May 14, 2012
Sold by
Jones Eric
Bought by
Keffelew Yonas
Seller's Agent
Trudy Kalucea
Keller Williams Coastal Prop.
Buyer's Agent
Tony Turek
Coldwell Banker Realty
List Price
$585,000
Sold Price
$525,000
Premium/Discount to List
-$60,000
-10.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$511,691
Outstanding Balance
$343,530
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$1,147,470

Purchase Details

Closed on
Apr 15, 2004
Sold by
Jones Eric
Bought by
Jones Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 2, 2004
Sold by
Stockstill Charles Livingston and Stockstill Barbara Lynn
Bought by
Jones Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 18, 2003
Sold by
Vf Properties
Bought by
Stockstill Charles Livingston

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,100
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 15, 2002
Sold by
Nattress Michael B
Bought by
Vf Properties

Purchase Details

Closed on
Oct 4, 2001
Sold by
Chieuchin Norannsy and Chieuchin 1999 Trust
Bought by
Nattress Michael B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,900
Interest Rate
6.73%

Purchase Details

Closed on
Jun 11, 1999
Sold by
Chieuchin Norannsy
Bought by
Chieuchin Norannsy

Purchase Details

Closed on
Apr 12, 1996
Sold by
Glendale Federal Bank Fsb
Bought by
Chieu Chin Norannsy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,700
Interest Rate
8.01%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 22, 1996
Sold by
Simpson Leon and Simpson Laura
Bought by
Glendale Federal Bank Fsb
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
Jones Eric -- Chicago Title
Jones Eric -- None Available
Keffelew Yonas $525,000 Chicago Title
Jones Eric -- None Available
Jones Eric $673,818 Alliance Title Company
Stockstill Charles Livingston $533,000 Investors Title Company
Vf Properties -- --
Nattress Michael B $330,000 North American Title Co
Chieuchin Norannsy -- --
Chieu Chin Norannsy $153,000 Chicago Title
Glendale Federal Bank Fsb $222,790 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Keffelew Yonas $511,691
Previous Owner Jones Eric $539,000
Previous Owner Stockstill Charles Livingston $373,100
Previous Owner Nattress Michael B $263,900
Previous Owner Chieu Chin Norannsy $137,700
Closed Nattress Michael B $49,500
Closed Jones Eric $101,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2012 06/05/12 Sold $525,000 -10.3% $159 / Sq Ft
01/06/2012 01/06/12 Pending -- -- --
12/16/2010 12/16/10 For Sale $585,000 -- $177 / 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 $8,843 $659,417 $282,606 $376,811
2024 $8,843 $646,488 $277,065 $369,423
2023 $8,690 $633,813 $271,633 $362,180
2022 $8,168 $621,386 $266,307 $355,079
2021 $7,988 $609,203 $261,086 $348,117
2019 $7,874 $591,136 $253,343 $337,793
2018 $7,648 $579,546 $248,376 $331,170
2016 $7,028 $557,043 $238,732 $318,311
2015 $6,753 $548,677 $235,147 $313,530
2014 $6,719 $537,930 $230,541 $307,389
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P763189

California Regional Multiple Listing Service (CRMLS)

APN: 7275-010-039