NOT LISTED FOR SALE

Estimated Value: $1,019,000 - $1,117,844

4 Beds
2 Baths
1,540 Sq Ft
$705/Sq Ft Est. Value

Last Sold October 09, 2020

Last sale price $812,000 $527 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $6,835/month

17 Days on Market

Highlights

  • Above Ground Spa
  • Wood Flooring
  • No HOA
  • Woodrow Wilson High School Rated A
  • Private Yard
  • Laundry Room

About This Home

As of October 2020

Incredible duplex with the privacy and feel of living in a single family residence! Excellent income producing asset with major upside in rental income! Whether you are solely looking to invest or have been searching for a home with supplemental income, this quaint property caters to both parties... Both homes are completely detached and have their own private yards. The front unit has been nicely updated, has wonderful curb appeal and a beautiful, privately fenced in, rear yard. The rear unit is extremely private and is attached to the rear 2 car garage. Each unit has it's own interior laundry and onsite garage parking space. Located on a quiet street in the vibrant Eastside Circle area of Long Beach, just north of Belmont Heights. This particular neighborhood has extremely low vacancies due to it's close proximity to universities, schools, parks, restaurants, shopping, golf courses, major fwys and much more!

Last Agent to Sell the Property

Cameron Jacques

Kinnery's Brokerage House License #01852032 Listed on: 08/14/2020

Last Buyer's Agent

Cameron Jacques

Kinnery's Brokerage House License #01852032 Listed on: 08/14/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,169

Year Built

  • Built in 1950

Lot Details

  • 5,215 Sq Ft Lot
  • No Common Walls
  • West Facing Home
  • Wood Fence
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Lawn
  • Garden

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Bungalow
  • Composition Roof

Interior Spaces

  • 1,540 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Gas Range
  • Laundry Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Above Ground Spa
  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 27
  • Tax Tract Number 6400
  • Assessor Parcel Number 7253028023

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Circle Subdivision

Recreation

  • Dog Park
  • Bike Trail

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $16,040
  • Gross Income $41,760
  • Net Operating Income $24,885

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,169

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 2.93
  • Other Phone Number: 562-800-0838
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Circle (CA)
  • View: No
  • Zoning: LBR2N
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 7253028023
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: Street
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 527.27
  • Room Type: Kitchen, Laundry, Living Room
  • Spa Features: Above Ground

Exterior Features

  • Direction Faces: West
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Gutters, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden, Lawn, Level with Street, Rectangular Lot, Level, Yard
  • Lot Size Sq Ft: 5215.00
  • Lot Size Acres: 0.1197

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 770 Square Feet
  • Gross Income: 41760.00
  • Gross Multiplier: 20.40
  • Gross Operating Income: 40925.00
  • Gross Scheduled Income: 41760.00
  • Lot Size Area: 5215.0000 Square Feet
  • Net Operating Income: 24885.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Patio: 1
  • Operating Expense: 16040.00
  • Rent Control: Yes
  • Total Actual Rent: 3480.00
  • Total Expenses: 16040.00
  • Vacancy Allowance: 835
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Census Tract: 5750.02
  • Tax Lot: 27
  • Tax Tract Number: 6400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2020
Closed on
Sep 8, 2020
Sold by
Chapman Kelly Jean
Bought by
Rogna Marti and Rogna Douglas
Seller's Agent
Cameron Jacques
Kinnery's Brokerage House
Buyer's Agent
Cameron Jacques
Kinnery's Brokerage House
List Price
$850,000
Sold Price
$812,000
Premium/Discount to List
-$38,000
-4.47%
Current Estimated Value
$1,085,711

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$273,711
Avg. Annual Appreciation
6.13%
Original Mortgage
$690,200
Outstanding Balance
$613,896
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$471,815

Purchase Details

Closed on
Apr 22, 2019
Sold by
Chapman Chris
Bought by
Chapman Kelly Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$516,000
Interest Rate
6.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 3, 2008
Sold by
Vernola Patrick Frank and Vernola Kelly Jean
Bought by
Vernola Patrick Frank and Vernola Kelly Jean

Purchase Details

Closed on
Mar 27, 2008
Sold by
Harding David A and Harding Monica
Bought by
Vernola Patrick Frank and Vernola Kelly Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 1998
Sold by
Glendale Federal Bank Fsb
Bought by
Harding David A and Harding Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,250
Interest Rate
6.93%

Purchase Details

Closed on
May 5, 1998
Sold by
Saleem Mohammed
Bought by
Glendale Federal Bank Fsb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,250
Interest Rate
6.93%
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
Rogna Marti $812,000 Chicago Title Company
Chapman Kelly Jean -- Stewart Title Of California
Chapman Kelly Jean -- Stewart Title Of Ca Inc
Vernola Patrick Frank -- None Available
Vernola Patrick Frank $525,000 North American Title Company
Harding David A $175,000 Benefit Land Title Company
Glendale Federal Bank Fsb $167,435 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rogna Marti $690,200
Previous Owner Chapman Kelly Jean $516,000
Previous Owner Vernola Patrick Frank $450,000
Previous Owner Harding David A $240,000
Previous Owner Harding David A $44,584
Previous Owner Harding David A $166,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2020 10/09/20 Sold $812,000 -4.5% $527 / Sq Ft
08/14/2020 08/14/20 For Sale $850,000 -- $552 / 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 $11,169 $878,932 $649,458 $229,474
2024 $11,169 $861,699 $636,724 $224,975
2023 $10,983 $844,804 $624,240 $220,564
2022 $10,308 $828,240 $612,000 $216,240
2021 $10,108 $812,000 $600,000 $212,000
2020 $8,004 $630,538 $390,335 $240,203
2019 $7,911 $618,176 $382,682 $235,494
2018 $7,651 $606,056 $375,179 $230,877
2016 $7,040 $582,523 $360,611 $221,912
2015 $6,756 $573,774 $355,195 $218,579
2014 $6,711 $562,536 $348,238 $214,298
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20165331

California Regional Multiple Listing Service (CRMLS)

APN: 7253-028-023