NOT LISTED FOR SALE

Estimated Value: $918,000 - $1,148,000

5 Beds
3 Baths
122 Sq Ft
$8,397/Sq Ft Est. Value

Last Sold September 12, 2017

Last sale price $710,000 $5,820 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $6,233/month

9 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Bay Window
  • Living Room
  • Lawn
  • Walk-In Closet
  • Laundry Room

About This Home

As of September 2017

Beautiful Turn Key Long Beach Duplex. Rent one out, live in the other Or rent both for great cash flow. This duplex is a gold medallion total electric duplex. With conversion for Gas. Front unit is a 3 bedroom 2 bath Home 1800 sqft and back unit is 2 bed 1 bath. New carpet, paint, and sliding mirror closets . All ceiling fans are new. carpet and porcelain tile in both units. 2-car garage and a one car garage . Front, side, and back yard, patio, central heat, fireplace. Beautiful and completely remodeled unit!! Gas and wood fireplace with remote!! Radiant heating , each room has own thermostat. laundry in garages. Each unit has their own washer and dryer hook ups. No common wall. completely separate units. Each unit has their own gas meter and own electric. Back home has a stair lift 5k upgrade. Copper plumbing. Sewage is ABS & Cast Iron was upgraded 3 years ago. You already have a back tenant that is paying $1800 Month and owner is willing to carry with 20% down.

Last Agent to Sell the Property

Charlene Bent

Coldwell Banker Realty License #01902128 Listed on: 08/02/2017

Coldwell Banker Realty

Last Buyer's Agent

Jack Mangin

Real Brokerage Technologies License #01987418

Real Brokerage Technologies

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 5,861 Sq Ft Lot
  • No Common Walls
  • Front Yard Sprinklers
  • Lawn
  • Back and Front Yard

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Composition Roof
  • Copper Plumbing

Interior Spaces

  • 122 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Bay Window
  • Window Screens
  • Family Room with Fireplace
  • Living Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • Walk-In Closet
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Outdoor Grill

Utilities

  • Radiant Heating System
  • Tankless Water Heater

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity
  • Tax Lot 122
  • Tax Tract Number 7846
  • Assessor Parcel Number 7123002046

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $900
  • New Taxes Expense $1,865
  • Operating Expense $2,765
  • Gross Income $51,200
  • Net Operating Income $49,335

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7123002046
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Full
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Accessibility Features: See Remarks
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Price Per Square Foot: 5819.67
  • Room Type: All Bedrooms Down, Family Room, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Walk-In Closet
  • Window Features: Bay Window(s), Blinds, Screens

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Barbecue, Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop, Tankless Water Heater, Water Line to Refrigerator
  • Heating Type: Radiant
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Sprinkler System, Sprinklers In Front
  • Lot Size Sq Ft: 5861.00

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity

Multi Family

  • Gross Income: 51200.00
  • Gross Scheduled Income: 51200.00
  • Insurance Expense: 900.00
  • Net Operating Income: 49335.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Operating Expense: 500.00
  • Rent Control: No
  • Total Actual Rent: 1800.00
  • Total Expenses: 2765.00

Tax Info

  • New Taxes Expense: 1865.00
  • Tax Census Tract: 5705.02
  • Tax Lot: 122
  • Tax Tract Number: 7846

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2017
Closed on
Aug 28, 2017
Sold by
Swayzer Ross Jene
Bought by
Ross Tony
Seller's Agent
Charlene Bent
Coldwell Banker Realty
Buyer's Agent
Jack Mangin
Real Brokerage Technologies
List Price
$729,000
Sold Price
$710,000
Premium/Discount to List
-$19,000
-2.61%
Current Estimated Value
$1,024,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,391
Avg. Annual Appreciation
4.52%
Original Mortgage
$691,538
Outstanding Balance
$577,948
Interest Rate
3.93%
Mortgage Type
VA
Estimated Equity
$446,443

Purchase Details

Listed on
Aug 2, 2017
Closed on
Aug 14, 2017
Sold by
Lakarczyk Rudy A and Lakarczyk Irene S
Bought by
Ross Tony
Seller's Agent
Charlene Bent
Coldwell Banker Realty
Buyer's Agent
Jack Mangin
Real Brokerage Technologies
List Price
$729,000
Sold Price
$710,000
Premium/Discount to List
-$19,000
-2.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$691,538
Outstanding Balance
$577,948
Interest Rate
3.93%
Mortgage Type
VA
Estimated Equity
$446,443

Purchase Details

Closed on
Feb 14, 2013
Sold by
Lekarczyk Rudy M and Lekarczyk Irene S
Bought by
Lekarczyk Rudy M and Lekarczyk Irene S

Purchase Details

Closed on
Apr 13, 2011
Sold by
Lekarczyk Rudy M and Lekarczyk Irene S
Bought by
Lekarczyk Rudy M and Lekarczyk Irene S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
4.83%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Ross Tony -- Fidelity National Title Co
Ross Tony $710,000 Fidelity National Title
Lekarczyk Rudy M -- None Available
Lekarczyk Rudy M -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ross Tony $691,538
Previous Owner Lekarczyk Rudy M $87,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2017 09/12/17 Sold $710,000 -2.6% $5,820 / Sq Ft
08/02/2017 08/02/17 For Sale $729,000 -- $5,975 / 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 $10,384 $807,853 $284,454 $523,399
2024 $10,384 $792,014 $278,877 $513,137
2023 $10,213 $776,485 $273,409 $503,076
2022 $9,590 $761,261 $268,049 $493,212
2021 $9,398 $746,336 $262,794 $483,542
2019 $9,265 $724,200 $255,000 $469,200
2018 $8,957 $710,000 $250,000 $460,000
2016 $1,930 $137,309 $27,644 $109,665
2015 $1,860 $135,247 $27,229 $108,018
2014 $1,860 $132,599 $26,696 $105,903
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17177158

California Regional Multiple Listing Service (CRMLS)

APN: 7123-002-046