NOT LISTED FOR SALE

Estimated Value: $891,000 - $1,084,000

4 Beds
4 Baths
2,642 Sq Ft
$382/Sq Ft Est. Value

Last Sold December 11, 2015

Last sale price $500,000 $189 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $6,005/month

23 Days on Market

Highlights

  • Traditional Architecture
  • Main Floor Bedroom
  • Circular Driveway
  • Long Beach Polytechnic High School Rated A
  • No HOA
  • 5-minute walk to Craftsman Village Park

About This Home

As of December 2015

Classic Long Beach Four Unit Building! All large one bedroom units with large kitchens, full bath rooms, large front living room, and bedrooms in the back. Fully rented. Convenient location. Huge parking area in the back of the building. Managed by local professional property management company. Do not disturb tenants.

Last Agent to Sell the Property

Leslie Eskildsen

Corliss Realty Inc License #01320915 Listed on: 09/15/2015

Last Buyer's Agent

Leslie Eskildsen

Corliss Realty Inc License #01320915 Listed on: 09/15/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,022

Year Built

  • Built in 1923

Lot Details

  • 4,502 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Chain Link Fence
  • Rectangular Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Raised Foundation
  • Asphalt Roof

Interior Spaces

  • 2,642 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Living Room
  • Free-Standing Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 4 Bathrooms

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 12 Parking Spaces
  • Parking Available
  • Private Parking
  • Circular Driveway
  • Paved Parking
  • Uncovered Parking
  • Off-Street Parking
  • Unassigned Parking

Additional Features

  • Exterior Lighting
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 21
  • Tax Tract Number 20
  • Assessor Parcel Number 7267008029

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,600
  • Trash Expense $1,000
  • Water Sewer Expense $2,200
  • New Taxes Expense $5,500
  • Gross Income $3,300
  • Net Operating Income $30,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,022

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • Water Sewer Expenses: 2200.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7267008029
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 189.25
  • Room Type: Living Room, Main Floor Bedroom
  • Window Features: Blinds

Exterior Features

  • Foundation: Raised
  • Exterior Features: Lighting
  • Fencing: Block, Chain Link
  • Pool Private: No
  • Roof: Asphalt

Garage/Parking

  • Parking: Yes
  • Parking Features: Circular Driveway, Concrete, Off Street, Private, Unassigned, Uncovered
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Appliances: Free-Standing Range, Gas Water Heater, Refrigerator
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Level, Rectangular Lot, Level with Street
  • Lot Size Sq Ft: 4502.00
  • Price Per Lot Square Foot: 111.06
  • Lot Size Acres: 0.1030

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average1 Bed Area: 650
  • Gross Income: 3300.00
  • Gross Scheduled Income: 39600.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 4502.0000 Square Feet
  • Net Operating Income: 30300.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 10300.00
  • Rent Control: No
  • Total Actual Rent: 3400.00

Tax Info

  • New Taxes Expense: 5500.00
  • Tax Lot: 21
  • Tax Tract Number: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2016
Sold by
Ngor Pheat K
Bought by
Ngor Pheat Kim and Pheat Kim Ngor Revocable Trust
Current Estimated Value
$1,009,507

Purchase Details

Listed on
Sep 15, 2015
Closed on
Oct 22, 2015
Sold by
E3 1409 E 10Th Llc
Bought by
Ngor Pheat K
Seller's Agent
Leslie Eskildsen
Corliss Realty Inc
Buyer's Agent
Leslie Eskildsen
Corliss Realty Inc
List Price
$539,000
Sold Price
$500,000
Premium/Discount to List
-$39,000
-7.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.38%
Original Mortgage
$375,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2005
Sold by
Eskildsen Paul S
Bought by
1409 E 10Th Street Llc

Purchase Details

Closed on
Jul 16, 2004
Sold by
Fullman Donald
Bought by
Eskildsen Paul S and Eskildsen Leslie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,000
Interest Rate
1.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2003
Sold by
Donaghu Greg N
Bought by
Fullman Donald and Fullman April H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
4.97%

Purchase Details

Closed on
Aug 3, 2002
Sold by
Hud
Bought by
Donaghu Greg N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,850
Interest Rate
6.22%

Purchase Details

Closed on
Mar 15, 2001
Sold by
Abich Omar
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Dec 15, 1999
Sold by
Grijalva Eli
Bought by
Abich Omar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,751
Interest Rate
8.27%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 27, 1999
Sold by
Hwangbo Steve S
Bought by
Grijalva Eli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,751
Interest Rate
8.27%
Mortgage Type
FHA
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
Ngor Pheat Kim -- None Available
Ngor Pheat K $500,000 Fidelity National Title
1409 E 10Th Street Llc -- --
Eskildsen Paul S $550,000 Natc
Fullman Donald $405,000 North American Title Co
Donaghu Greg N $261,500 First Southwestern Title Co
Countrywide Home Loans Inc $303,778 Landsafe Title
Hud -- Landsafe Title
Abich Omar $275,000 United Title
Grijalva Eli $170,000 California Counties Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ngor Pheat K $375,000
Previous Owner Eskildsen Paul S $452,000
Previous Owner Fullman Donald $324,000
Previous Owner Donaghu Greg N $208,850
Previous Owner Abich Omar $272,751
Previous Owner Grijalva Eli $165,000
Closed Donaghu Greg N $26,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2015 12/11/15 Sold $500,000 -7.2% $189 / Sq Ft
10/08/2015 10/08/15 Pending -- -- --
09/15/2015 09/15/15 For Sale $539,000 -- $204 / 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 $8,022 $591,891 $414,325 $177,566
2024 $8,022 $580,286 $406,201 $174,085
2023 $7,882 $568,909 $398,237 $170,672
2022 $7,411 $557,755 $390,429 $167,326
2021 $7,250 $546,820 $382,774 $164,046
2019 $7,147 $530,603 $371,422 $159,181
2018 $6,904 $520,200 $364,140 $156,060
2016 $6,351 $500,000 $350,000 $150,000
2015 $6,244 $505,000 $360,700 $144,300
2014 $5,987 $475,000 $339,300 $135,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15204221

California Regional Multiple Listing Service (CRMLS)

APN: 7267-008-029