NOT LISTED FOR SALE

Estimated Value: $727,000 - $962,000

2 Beds
2 Baths
1,150 Sq Ft
$722/Sq Ft Est. Value

Last Sold February 28, 2013

Last sale price $330,000 $287 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $4,944/month

9 Days on Market

Highlights

  • Private Yard
  • Living Room
  • Bungalow
  • Long Beach Polytechnic High School Rated A
  • Laundry Room
  • 5-minute walk to Douglas Macarthur Park

About This Home

As of February 2013

Come take a look at this gorgeous duplex on the Eastside of Long Beach. Live in the front unit and rent out the rear unit or buy for an investment property. The front unit is a separate bungalow that offers 2 bedrooms and 1 bathroom. This unit has been completely remodeled with new kitchen with custom white cabinet’s granite countertops and tile flooring. The new wood laminate flooring and lush new carpeting in the bedrooms gives this unit a new and modern look. The bathroom is clean and bright with new tile flooring and new vanity and fixtures. The bedrooms have mirrored closet doors and ceiling fans for your comfort. The back unit is above the 2 single car garage and offers 1 bedroom and 1 bathroom with new kitchen and bathroom. The fresh new paint and flooring give a fresh look to this charming unit. This property is located close to restaurants, MacArthur park, freeways, schools, bus transportation and the blue line train. This is a great investment opportunity with great income potential. You don’t want to miss this incredible property. Bring your buyers right away, this one won’t last long.

Last Agent to Sell the Property

Polly Watts

Shelter Club Realty, Inc. License #00895696 Listed on: 02/05/2013

Last Buyer's Agent

Melissa Moy Chhour

Skyline Properties License #00999382

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,445

Year Built

  • Built in 1921

Lot Details

  • 6,521 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Block Wall Fence
  • Chain Link Fence
  • Private Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Bungalow
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,150 Sq Ft Home
  • 2-Story Property
  • Living Room

Flooring

  • Carpet
  • Tile

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 16
  • Assessor Parcel Number 7261027015

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $1,950
  • Net Operating Income $23,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,445

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Other Phone Number: 860-640-3040
  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 7261027015
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Levels: Two
  • Price Per Square Foot: 286.96
  • Room Type: Living Room

Exterior Features

  • Fencing: Block, Chain Link, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, In Garage
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 6521.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 1950.00
  • Gross Scheduled Income: 23400.00
  • Lot Size Area: 6521.0000 Square Feet
  • Net Operating Income: 23400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 16
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2014
Sold by
Taing Ou Ty and Sov Chou G
Bought by
Taing Sov Family Trust
Current Estimated Value
$830,401

Purchase Details

Listed on
Feb 5, 2013
Closed on
Feb 27, 2013
Sold by
Martingale Investments Llc
Bought by
Taing Ou Ty and Sov Chou G
Seller's Agent
Polly Watts
Shelter Club Realty, Inc.
Buyer's Agent
Melissa Moy Chhour
Skyline Properties
List Price
$319,900
Sold Price
$330,000
Premium/Discount to List
$10,100
3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.63%

Purchase Details

Closed on
Oct 25, 2012
Sold by
Tith Sim and Mao Khon
Bought by
Martingale Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
3.33%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 2, 2002
Sold by
Tith Sim
Bought by
Tith Sim and Mao Khon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,000
Interest Rate
5.96%

Purchase Details

Closed on
Dec 28, 1993
Sold by
Chhay Siv Kim
Bought by
Tith Sim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,300
Interest Rate
7.2%
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
Taing Sov Family Trust -- None Available
Taing Ou Ty $330,000 Title 365
Martingale Investments Llc $185,000 Accommodation
Tith Sim -- Chicago Title Co
Tith Sim $150,000 Provident Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martingale Investments Llc $0
Previous Owner Tith Sim $379,800
Previous Owner Tith Sim $111,000
Previous Owner Tith Sim $117,300
Closed Tith Sim $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2013 02/28/13 Sold $330,000 +3.2% $287 / Sq Ft
02/14/2013 02/14/13 Pending -- -- --
02/05/2013 02/05/13 For Sale $319,900 -- $278 / 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 $5,445 $406,360 $283,222 $123,138
2024 $5,445 $398,393 $277,669 $120,724
2023 $5,353 $390,582 $272,225 $118,357
2022 $5,035 $382,925 $266,888 $116,037
2021 $4,933 $375,417 $261,655 $113,762
2020 $4,921 $371,569 $258,973 $112,596
2019 $4,865 $364,285 $253,896 $110,389
2018 $4,630 $357,143 $248,918 $108,225
2016 $4,263 $343,276 $239,253 $104,023
2015 $4,094 $338,121 $235,660 $102,461
2014 $4,074 $331,498 $231,044 $100,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13016523

California Regional Multiple Listing Service (CRMLS)

APN: 7261-027-015