NOT LISTED FOR SALE

Estimated Value: $1,240,000 - $1,699,000

12 Beds
8 Baths
4,488 Sq Ft
$341/Sq Ft Est. Value

Last Sold October 23, 2012

Last sale price $550,000 $123 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $9,127/month

88 Days on Market

Highlights

  • Contemporary Architecture
  • Sliding Doors
  • No Heating
  • Long Beach Polytechnic High School Rated A
  • Carpet

About This Home

As of October 2012

This is a perfect property for an investor. Property features four 3 bedroom 2 bath each unit. It has an onsite laundry area and a large backyard that can fit up to 6 cars. It is a great property at a great price and conveniently located close to transportation, shopping and more. Sold As Is...

Last Agent to Sell the Property

Scott Hamilton

Doma Properties, Inc. License #01125930 Listed on: 07/12/2012

Co-Listed By

Mike Dunfee

Engel & Völkers Long Beach License #01191497

Last Buyer's Agent

Marisol Tovar

TerraNova Realty License #01476052

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,240

Year Built

  • Built in 1986

Lot Details

  • 6,525 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Contemporary Architecture
  • Stucco

Interior Spaces

  • 4,488 Sq Ft Home
  • Sliding Doors
  • Carpet

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 7 / 2
  • Assessor Parcel Number 7261026009

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,240

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Assessments: No
  • View: No
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7261026009
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Appliances: No
  • Door Features: Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 122.55

Exterior Features

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

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: No
  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6525.00
  • Lot Size Acres: 0.1500

Multi Family

  • Lot Size Area: 6525.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4

Tax Info

  • Tax Area: 11933
  • Tax Block: 2
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2016
Sold by
Correa Francisco J
Bought by
Correa Francisco J and Correa Celia Elizabeth
Current Estimated Value
$1,526,333

Purchase Details

Listed on
Jul 12, 2012
Closed on
Sep 10, 2012
Sold by
Us Bank National Association
Bought by
Correa Francisco J
Seller's Agent
Scott Hamilton
Doma Properties, Inc.
Buyer's Agent
Marisol Tovar
TerraNova Realty
List Price
$470,000
Sold Price
$550,000
Premium/Discount to List
$80,000
17.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.32%
Original Mortgage
$412,500
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 12, 2012
Closed on
Aug 28, 2012
Sold by
Jara Jesus
Bought by
Us Bank National Association
Seller's Agent
Scott Hamilton
Doma Properties, Inc.
Buyer's Agent
Marisol Tovar
TerraNova Realty
List Price
$470,000
Sold Price
$550,000
Premium/Discount to List
$80,000
17.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2011
Sold by
Jara Jesus
Bought by
Us Bank National Association

Purchase Details

Closed on
Jul 5, 2011
Sold by
Jara Jesus
Bought by
Jara Jesus and Chavez Jose Luis

Purchase Details

Closed on
May 23, 2011
Sold by
Jara Carolina
Bought by
The Roberto Vargas Cestui Que Trust

Purchase Details

Closed on
Feb 2, 2006
Sold by
Jara Jesus
Bought by
Jcj Properties Llc

Purchase Details

Closed on
Dec 22, 2005
Sold by
Jara Jesus
Bought by
Jara Carolina

Purchase Details

Closed on
Feb 11, 2005
Sold by
Man Ryan S
Bought by
Jara Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$647,010
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 18, 2000
Sold by
Dolan Douglas H
Bought by
Man Ryan S and Man Sony C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,866
Interest Rate
8.13%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 25, 1998
Sold by
Dolan Douglas H
Bought by
Dolan Douglas H and Dolan Karin E
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Correa Francisco J -- Accommodation
Correa Francisco J $550,000 First American Title Ins Co
Correa Francisco J -- First American Title Ins Co
Us Bank National Association $510,000 Accommodation
Us Bank National Association $510,000 None Available
Jara Jesus -- None Available
The Roberto Vargas Cestui Que Trust -- None Available
Jara Jesus -- None Available
Jcj Properties Llc -- None Available
Jara Carolina -- --
Jara Jesus $819,000 Orange Coast Title
Man Ryan S $321,000 Orange Coast Title
Dolan Douglas H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Correa Francisco J $630,000
Closed Correa Francisco J $412,500
Previous Owner Jara Jesus $647,010
Previous Owner Man Ryan S $313,269
Previous Owner Man Ryan S $315,525
Previous Owner Man Ryan S $316,985
Previous Owner Man Ryan S $318,219
Previous Owner Man Ryan S $318,866
Closed Jara Jesus $171,990
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2012 10/23/12 Sold $550,000 +17.0% $123 / Sq Ft
10/08/2012 10/08/12 Pending -- -- --
07/12/2012 07/12/12 For Sale $470,000 -- $105 / 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 $9,240 $677,271 $461,778 $215,493
2024 $9,240 $663,992 $452,724 $211,268
2023 $9,084 $650,974 $443,848 $207,126
2022 $8,546 $638,211 $435,146 $203,065
2021 $8,354 $625,698 $426,614 $199,084
2019 $8,236 $607,141 $413,961 $193,180
2018 $7,934 $595,238 $405,845 $189,393
2016 $7,281 $572,127 $390,087 $182,040
2015 $6,998 $563,534 $384,228 $179,306
2014 $6,965 $552,496 $376,702 $175,794
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P828360

California Regional Multiple Listing Service (CRMLS)

APN: 7261-026-009