NOT LISTED FOR SALE

Estimated Value: $1,058,000 - $1,207,000

8 Beds
4 Baths
3,395 Sq Ft
$333/Sq Ft Est. Value

Last Sold May 26, 2015

Last sale price $576,000 $170 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $7,428/month

33 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • Front Yard
  • Long Beach Polytechnic High School Rated A
  • Wall Furnace
  • 5-minute walk to Douglas Macarthur Park

About This Home

As of May 2015

Three units in Poly High area of Long Beach. Front is a 3-bedroom/1.5 bath + an attached studio with a .75 bath (no kitchen) downstairs. Currently rented as a 4 bed. Studio could be rented separately as a fourth unit. Upstairs is a large 2-bedroom/1 bath. Third unit a smaller 2 bedroom, 1 bath unit in the rear along with a 2-car garage and 1 additional parking space. All units have been recently painted and carpeted, have ceiling fans and all have private patios. The front two units have laundry areas including washer & dryer machines, a Dining Room and an additional 8’x10’ room off the kitchen. The rear 2-bedroom unit has a completely new kitchen. Some windows have been replaced with vinyl. The exterior has been completely repainted and the termite has been completed.

Last Agent to Sell the Property

Nicholas Cotton

Keller Williams Coastal Prop. License #01179001 Listed on: 05/09/2015

Co-Listed By

Cheryl Cotton

Y Realty License #00860384

Last Buyer's Agent

Borann Duong

#1 Home Realty License #01006490

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,716

Year Built

  • Built in 1937

Lot Details

  • 6,401 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Corner Lot
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • 3,395 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Tax Tract Number 5752
  • Assessor Parcel Number 7268039029

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,320
  • Maintenance Expense $1,200
  • Trash Expense $300
  • Water Sewer Expense $1,680
  • New Taxes Expense $6,864
  • Gross Income $4,000
  • Net Operating Income $35,736

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,716

Year Built

Built in 1937

Lot Details

0

Parking

2

Listing Details

  • Inclusions: 2 washers & 2 dryers in 1401 & 1403.
  • Property Attached: No
  • Road Frontage Type: Alley
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 1680.00
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7268039029
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 169.66

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Washer Included
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Front Yard, Corner Lot
  • Lot Size Sq Ft: 6401.00
  • Lot Size Acres: 0.1470

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4000.00
  • Gross Multiplier: 11.98
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 1320.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6401.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 35736.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 12264.00
  • Rent Control: No
  • Total Actual Rent: 4000.00

Tax Info

  • New Taxes Expense: 6864.00
  • Tax Lot: 4
  • Tax Tract Number: 5752
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 13, 2016
Sold by
Keo Bengvath and Chau Domaneth
Bought by
Chau Domaneth and The Domaneth Chau & Bengvath K
Current Estimated Value
$1,131,507

Purchase Details

Listed on
May 9, 2015
Closed on
May 13, 2015
Sold by
Bmb Properties Llc
Bought by
Keo Bergvath and Chau Domaneth
Seller's Agent
Nicholas Cotton
Keller Williams Coastal Prop.
Buyer's Agent
Borann Duong
#1 Home Realty
List Price
$575,000
Sold Price
$576,000
Premium/Discount to List
$1,000
0.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.54%

Purchase Details

Closed on
Nov 13, 1998
Sold by
Brown Billie M Tr Billie M Brown Trust
Bought by
Brown Billie Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
6.42%

Purchase Details

Closed on
Mar 4, 1997
Sold by
Brown Billie M
Bought by
Brown Billie Marie and The Billie Marie Brown Living

Purchase Details

Closed on
Nov 27, 1995
Sold by
Forres William B and Forrest Doris E
Bought by
Brown Billie Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
7.51%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 9, 1995
Sold by
Brown Billie Marie and The Billie Marie Brown Living
Bought by
Brown Billie Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
7.51%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 23, 1995
Sold by
Brown Billie Marie and The Billie Marie Brown Living
Bought by
Brown Billie Marie
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
Chau Domaneth -- None Available
Keo Bergvath $576,000 Fidelity National Title Co
Brown Billie Marie -- Southland Title Corporation
Brown Billie Marie -- --
Brown Billie Marie $27,000 Continental Lawyers Title Co
Brown Billie Marie -- --
Brown Billie Marie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brown Billie Marie $127,500
Previous Owner Brown Billie Marie $118,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2015 05/26/15 Sold $576,000 +0.2% $170 / Sq Ft
04/29/2015 04/29/15 Pending -- -- --
03/27/2015 03/27/15 For Sale $575,000 -- $169 / 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 $15,716 $1,226,754 $821,374 $405,380
2024 $15,716 $1,202,701 $805,269 $397,432
2023 $9,063 $665,376 $288,791 $376,585
2022 $8,521 $652,330 $283,129 $369,201
2021 $8,339 $639,540 $277,578 $361,962
2020 $8,317 $632,983 $274,732 $358,251
2019 $8,222 $620,573 $269,346 $351,227
2018 $7,915 $608,406 $264,065 $344,341
2016 $7,270 $584,783 $253,812 $330,971
2015 $1,032 $47,062 $23,045 $24,017
2014 -- $46,141 $22,594 $23,547
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15065883

California Regional Multiple Listing Service (CRMLS)

APN: 7268-039-029