NOT LISTED FOR SALE

1326 Martin Luther King jr Ave Long Beach, CA 90813

Central Neighborhood

Estimated Value: $623,000 - $741,000

1 Bed
1 Bath
1,140 Sq Ft
$592/Sq Ft Est. Value

Last Sold August 17, 2016

Last sale price $322,000 $282 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $4,009/month

135 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Wall Furnace
  • Long Beach Polytechnic High School Rated A

About This Home

As of August 2016

2 Units 1bd 1ba each with living room, bright kitchen and dining area. centrally located close to shopping, schools and transportation.

Last Agent to Sell the Property

Sonia Vasquez

Vismar Real Estate License #01836081 Listed on: 01/19/2016

Vismar Real Estate

Last Buyer's Agent

Paul Conti

Harcourts Place License #01007130

Harcourts Place

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,940

Year Built

  • Built in 1921

Lot Details

  • 2,247 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 1,140 Sq Ft Home
  • Tile Flooring

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 1761
  • Assessor Parcel Number 7268014014

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $675
  • Trash Expense $720
  • Water Sewer Expense $720
  • New Taxes Expense $4,100
  • Gross Income $1,800
  • Net Operating Income $1,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,940

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 720.00
  • Property Type: Residential Income
  • Parcel Number: 7268014014
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Price Per Square Foot: 282.46

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2247.00
  • Price Per Lot Square Foot: 143.30
  • Lot Size Acres: 0.0520

Multi Family

  • Gross Income: 1800.00
  • Gross Scheduled Income: 1800.00
  • Insurance Expense: 675.00
  • Lot Size Area: 2247.0000 Square Feet
  • Net Operating Income: 1680.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 120.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4100.00
  • Tax Lot: 10
  • Tax Tract Number: 1761

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2016
Closed on
Aug 12, 2016
Sold by
Sanchez Rebecca
Bought by
Sanchez Anthony
Seller's Agent
Sonia Vasquez
Vismar Real Estate
Buyer's Agent
Paul Conti
Harcourts Place
List Price
$335,000
Sold Price
$322,000
Premium/Discount to List
-$13,000
-3.88%
Current Estimated Value
$675,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$353,179
Avg. Annual Appreciation
8.09%
Original Mortgage
$240,000
Outstanding Balance
$191,641
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$461,485

Purchase Details

Closed on
Jun 15, 2016
Sold by
Vasquez Eduardo
Bought by
Sanchez Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Outstanding Balance
$191,641
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$461,485

Purchase Details

Closed on
Jun 20, 2008
Sold by
Wells Fargo Bank Na
Bought by
Vasquez Eduardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,446
Interest Rate
6.41%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 13, 2008
Sold by
Hernandez Jeronimo Armenta
Bought by
Wells Fargo Bank Na and Fieldstone Mortgage Investment Trust Ser

Purchase Details

Closed on
Aug 28, 2006
Sold by
Banegas Lorenzo Maldonado
Bought by
Hernandez Jeronimo Armenta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
8.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 10, 2003
Sold by
Hay Matlan
Bought by
Banegas Lorenzo Maldonado

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,200
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 24, 2002
Sold by
Witrago Luz M
Bought by
Witrago Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
9.15%

Purchase Details

Closed on
Nov 8, 2002
Sold by
Witrago Jose
Bought by
Hay Matina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
9.15%

Purchase Details

Closed on
Oct 10, 1998
Sold by
Witrago Jose and Witrago Luz
Bought by
Witrago Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,446
Interest Rate
6.6%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 18, 1995
Sold by
Browne Lisa
Bought by
Witrago Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,914
Interest Rate
7.04%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 11, 1994
Sold by
Hud
Bought by
Browne Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,700
Interest Rate
8.5%
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
Sanchez Anthony -- Lawyers Title
Sanchez Anthony $322,000 Lawyers Title
Vasquez Eduardo $230,000 First American Title Company
Wells Fargo Bank Na $301,000 First American Title Ins Co
Hernandez Jeronimo Armenta $410,000 North American Title Co
Banegas Lorenzo Maldonado $209,000 Chicago Title Co
Witrago Jose -- Atc
Hay Matina $156,000 Atc
Witrago Jose -- Fidelity National Title
Witrago Jose $120,000 California Counties Title Co
Browne Lisa $41,000 California Counties Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Anthony $240,000
Previous Owner Sanchez Anthony $240,000
Previous Owner Vasquez Eduardo $223,270
Previous Owner Vasquez Eduardo $229,846
Previous Owner Vasquez Eduardo $226,446
Previous Owner Hernandez Jeronimo Armenta $328,000
Previous Owner Banegas Lorenzo Maldonado $125,000
Previous Owner Banegas Lorenzo $90,000
Previous Owner Banegas Lorenzo Maldonado $208,000
Previous Owner Banegas Lorenzo Maldonado $167,200
Previous Owner Hay Matina $121,500
Previous Owner Witrago Jose $116,446
Previous Owner Witrago Jose $118,914
Previous Owner Browne Lisa $36,700
Closed Banegas Lorenzo Maldonado $31,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2016 08/17/16 Sold $322,000 -3.9% $282 / Sq Ft
01/19/2016 01/19/16 For Sale $335,000 -- $294 / 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 $4,940 $373,702 $174,085 $199,617
2024 $4,940 $366,375 $170,672 $195,703
2023 $4,855 $359,192 $167,326 $191,866
2022 $4,561 $352,150 $164,046 $188,104
2021 $4,466 $345,246 $160,830 $184,416
2020 $4,455 $341,707 $159,181 $182,526
2019 $4,403 $335,008 $156,060 $178,948
2018 $4,263 $328,440 $153,000 $175,440
2016 $3,167 $250,193 $195,805 $54,388
2015 $3,043 $246,436 $192,864 $53,572
2014 $3,029 $241,610 $189,087 $52,523
Source: Public Records

Agents Affiliated with this Home

  • Sonia Vasquez

    Seller's Agent in 2016

    Sonia Vasquez

    Vismar Real Estate

    (310) 968-0877

    136 Total Sales

    Sonia Vasquez
    Section Image

  • P

    Buyer's Agent in 2016

    Paul Conti

    Harcourts Place

    (714) 418-3427

    22 Total Sales

    Paul Conti
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW16013788

California Regional Multiple Listing Service (CRMLS)

APN: 7268-014-014

California Los Angeles County Long Beach 90813 Central

1326 Martin Luther King jr Ave, Long Beach, CA

This home is located at 1326 Martin Luther King jr Ave, Long Beach, CA 90813 since 19 January 2016 and is currently estimated at $675,179, approximately $592 per square foot. This property was built in 1921. 1326 Martin Luther King jr Ave is a home located in Los Angeles County with nearby schools including Whittier Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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