NOT LISTED FOR SALE

Estimated Value: $533,000 - $699,551

3 Beds
2 Baths
1,150 Sq Ft
$538/Sq Ft Est. Value

Last Sold June 12, 2020

Last sale price $400,000 $348 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $3,730/month

57 Days on Market

Highlights

  • Park or Greenbelt View
  • Two Homes on a Lot
  • Bungalow
  • Long Beach Polytechnic High School Rated A
  • Laundry Room
  • 3-minute walk to Douglas Macarthur Park

About This Home

As of June 2020

Charming and classic 1920's Bungalow duplex. Back unit features 2 bedrooms, 1 bath and a lovely combination living and dining area. There is also a breakfast bar. The kitchen has great space and an additional area for more dining space or use as an office. Custom wall paper and decor throughout bring this home to life. Charming bathroom serves both bedrooms. Bedrooms have space for large beds & feature open closet storage.
The front unit has one bedroom, one bath. Dining area off this area has views of the lush green park across the street. The functional kitchen has a door leading to outside laundry and patio areas. Both units have nice porches for relaxing after a long day. The garage,with its alley access is currently being used as extra space by the back unit's tenant.

Last Agent to Sell the Property

Tracey Wiltse

Coldwell Banker Realty License #01295679 Listed on: 04/09/2020

Coldwell Banker Realty

Last Buyer's Agent

Matthew Tilley

First Team Real Estate License #02071033

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,746

Year Built

  • Built in 1921

Lot Details

  • 4,011 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • Bungalow
  • Composition Roof

Interior Spaces

  • 1,150 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Park or Greenbelt Views
  • Fire and Smoke Detector

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • 220 Volts In Laundry

Additional Features

  • Exterior Lighting
  • Two Homes on a Lot
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 157.
  • Tax Tract Number 40
  • Assessor Parcel Number 7268037004

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000
  • Professional Management Expense $3,600
  • Trash Expense $248
  • Water Sewer Expense $1,496
  • Operating Expense $6,343
  • Gross Income $2,995
  • Net Operating Income $2,465

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,746

Year Built

Built in 1921

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Professional Management Expense: 3600.00
  • Property Attached: No
  • Road Frontage Type: Alley
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Poly High (PH)
  • View: Yes
  • Water Sewer Expenses: 1496.00
  • Zoning: LBR2N
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 7268037004
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile, Vinyl
  • Levels: One
  • Price Per Square Foot: 347.83

Exterior Features

  • Other Structures: Two On A Lot
  • View: Park/Greenbelt
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Electric: 220 Volts in Laundry
  • Laundry Features: Outside
  • Sewer: Sewer Paid
  • Trash Expense: 248.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4011.00
  • Lot Size Acres: 0.0921

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Income: 2995.00
  • Gross Scheduled Income: 2995.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 4011.0000 Square Feet
  • Net Operating Income: 2465.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 530.00
  • Rent Control: No
  • Total Expenses: 6343.00

Tax Info

  • Tax Census Tract: 5752.01
  • Tax Lot: 157.
  • Tax Tract Number: 40

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2020
Closed on
Jun 2, 2020
Sold by
Bearman Danielle D
Bought by
Spisak Julie Ann and The Julle Ann Spisak Family Tr
Seller's Agent
Tracey Wiltse
Coldwell Banker Realty
Buyer's Agent
Matthew Tilley
First Team Real Estate
List Price
$559,000
Sold Price
$400,000
Premium/Discount to List
-$159,000
-28.44%
Current Estimated Value
$618,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,138
Avg. Annual Appreciation
8.43%
Original Mortgage
$300,000
Outstanding Balance
$265,927
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$352,211

Purchase Details

Listed on
Apr 9, 2020
Closed on
Apr 15, 2020
Sold by
Magdaleno Jose Baltazar Flores
Bought by
Bearman Danielle D
Seller's Agent
Tracey Wiltse
Coldwell Banker Realty
Buyer's Agent
Matthew Tilley
First Team Real Estate
List Price
$559,000
Sold Price
$400,000
Premium/Discount to List
-$159,000
-28.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$265,927
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$352,211

Purchase Details

Listed on
Dec 1, 2018
Closed on
Feb 12, 2019
Sold by
Martin Sean Paul and Martin Laura Sue
Bought by
Bearman Danielle D
Seller's Agent
Tracey Wiltse
Coldwell Banker Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$579,000
Sold Price
$559,000
Premium/Discount to List
-$20,000
-3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-22.70%

Purchase Details

Closed on
Mar 22, 2018
Sold by
Scully Brandyn and Steen Olsen Erin
Bought by
Maritn Sean Paul and Martin Laura Sue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$414,950
Interest Rate
4.99%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 29, 2003
Sold by
Scully Richard M and Scully Sue
Bought by
Scully Richard M and Scully Sue M
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
Spisak Julie Ann $400,000 Old Republic Title Company
Bearman Danielle D -- Old Republic Title Company
Bearman Danielle D $559,000 Old Republic Title Co
Maritn Sean Paul $430,000 Wfg National Title Company
Scully Richard M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spisak Julie Ann $300,000
Previous Owner Maritn Sean Paul $414,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/12/2020 06/12/20 Sold $400,000 -11.1% $348 / Sq Ft
06/05/2020 06/05/20 Pending -- -- --
05/25/2020 05/25/20 Price Changed $450,000 -19.5% $391 / Sq Ft
04/09/2020 04/09/20 For Sale $559,000 0.0% $486 / Sq Ft
02/22/2019 02/22/19 Sold $559,000 0.0% $486 / Sq Ft View Prior Sale
02/17/2019 02/17/19 Pending -- -- --
12/29/2018 12/29/18 Price Changed $559,000 -3.5% $486 / Sq Ft
12/01/2018 12/01/18 For Sale $579,000 +34.7% $503 / Sq Ft
07/06/2018 07/06/18 Sold $430,000 -4.4% $374 / Sq Ft View Prior Sale
09/27/2017 09/27/17 For Sale $450,000 -- $391 / 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 $5,746 $437,453 $273,408 $164,045
2024 $5,746 $428,877 $268,048 $160,829
2023 $5,648 $420,469 $262,793 $157,676
2022 $5,306 $412,226 $257,641 $154,585
2021 $5,198 $404,144 $252,590 $151,554
2020 $7,228 $570,180 $357,000 $213,180
2019 $5,582 $430,000 $200,000 $230,000
2018 $2,255 $161,362 $52,135 $109,227
2016 $2,076 $155,098 $50,111 $104,987
2015 $1,998 $152,769 $49,359 $103,410
2014 $3,179 $149,778 $48,393 $101,385
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20062364

California Regional Multiple Listing Service (CRMLS)

APN: 7268-037-004