NOT LISTED FOR SALE

Estimated Value: $1,087,000 - $1,591,880

5 Beds
3 Baths
2,888 Sq Ft
$466/Sq Ft Est. Value

Last Sold March 01, 2012

Last sale price $595,000 $206 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $7,874/month

226 Days on Market

Highlights

  • Parking available for a boat
  • 0.39 Acre Lot
  • Granite Countertops
  • California High School Rated A-
  • Park or Greenbelt View
  • Circular Driveway

About This Home

As of March 2012

BACK ON THE MARKET!!!!! 3 houses on one lot. One 3 bed 2 bath home with pool & 4 car garage over 1000 sq ft with laundry & bathroom inside. Two 2 bed 1 bath homes with single car garage. All homes have remodeled kitchens & baths, Granite counters, new cabinets, all new plumbing & electrical fixtures, newer roofs , new windows & paint.

Last Agent to Sell the Property

Anthony DeSmet

Long Beach Real Estate License #01069124 Listed on: 05/23/2011

Last Buyer's Agent

Martin Soto

Guadalajara Realty License #01029069

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,925

Year Built

  • Built in 1931 | Remodeled

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 100x170

Parking

  • 6 Car Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Front Facing Garage
  • Circular Driveway
  • Parking available for a boat
  • RV Access or Parking

Home Design

  • Bungalow
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,888 Sq Ft Home
  • Double Pane Windows
  • Park or Greenbelt Views
  • Laundry closet

Kitchen

  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Pool

  • Fence Around Pool

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 61
  • Tax Tract Number 9891
  • Assessor Parcel Number 8026012004

Community Details

Overview

  • 4 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,800
  • Maintenance Expense $2,000
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,300
  • Gross Income $4,600
  • Net Operating Income $43,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,925

Year Built

Built in 1931 | Remodeled

Lot Details

0

Parking

6

Listing Details

  • Assessments: No
  • CapRate: 7.20
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 8026012004
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 206.02
  • Window Features: Double Pane Windows

Exterior Features

  • View: Park/Greenbelt
  • Pool Features: Fenced
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Boat, Circular Driveway, Garage Faces Front, Oversized, RV Access/Parking, Built-In Storage
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available
  • Heating: No
  • Laundry: No
  • Appliances: Dishwasher, Water Heater
  • Heating Type: Central, Natural Gas, Wall Furnace
  • Laundry Features: In Closet
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 100x170
  • Lot Size Sq Ft: 17000.00
  • Lot Size Acres: 0.3900

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Income: 4600.00
  • Gross Multiplier: 10.87
  • Gross Scheduled Income: 55200.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 17000.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 43200.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Operating Expense: 12000.00

Tax Info

  • New Taxes Expense: 6300.00
  • Tax Area: 9118
  • Tax Lot: 61
  • Tax Tract: Custom
  • Tax Tract Number: 9891

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2011
Sold by
Electric Capital Llc
Bought by
Higareda Sergio and Higareda Hilda
Current Estimated Value
$1,346,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$563,390
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 11, 2011
Sold by
Badeaux Joanna Lynn
Bought by
Electric Capital Llc

Purchase Details

Closed on
Nov 16, 2005
Sold by
Manhattan Mortgage Corp
Bought by
Badeaux Joanna Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2005
Sold by
Patel Gloria
Bought by
Manhattan Mortgage Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.97%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 27, 2005
Sold by
Farrar Neil M and Farrar Virginia
Bought by
Patel Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$511,200
Interest Rate
7.99%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 19, 2003
Sold by
Farrar Neil M and Farrar Virginia
Bought by
Farrar Neil M and Farrar Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
5.18%
Mortgage Type
Purchase Money Mortgage
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
Higareda Sergio $595,000 Ticor Title
Electric Capital Llc $342,000 None Available
Badeaux Joanna Lynn $850,000 Orange Coast Title Company
Manhattan Mortgage Corp -- Orange Coast Title
Patel Gloria $639,000 Orange Coast Title Co Of La
Farrar Neil M -- Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Higareda Sergio $563,390
Previous Owner Badeaux Joanna Lynn $650,000
Previous Owner Manhattan Mortgage Corp $200,000
Previous Owner Patel Gloria $511,200
Previous Owner Farrar Neil M $235,000
Closed Patel Gloria $95,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2012 03/01/12 Sold $595,000 -3.9% $206 / Sq Ft
01/04/2012 01/04/12 Pending -- -- --
05/23/2011 05/23/11 For Sale $619,000 -- $214 / 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 $9,925 $747,345 $502,418 $244,927
2024 $9,925 $732,692 $492,567 $240,125
2023 $9,377 $718,326 $482,909 $235,417
2022 $9,445 $704,242 $473,441 $230,801
2021 $9,252 $690,434 $464,158 $226,276
2020 $9,158 $683,355 $459,399 $223,956
2019 $9,098 $669,957 $450,392 $219,565
2018 $8,614 $656,821 $441,561 $215,260
2016 $8,193 $631,317 $424,415 $206,902
2015 $7,991 $621,835 $418,040 $203,795
2014 $7,924 $609,655 $409,852 $199,803
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P782508

California Regional Multiple Listing Service (CRMLS)

APN: 8026-012-004