NOT LISTED FOR SALE

Estimated Value: $1,181,000 - $1,445,000

7 Beds
5 Baths
3,411 Sq Ft
$374/Sq Ft Est. Value

Last Sold August 03, 2020

Last sale price $975,000 $286 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $8,063/month

49 Days on Market

Highlights

  • Laundry Room
  • Front Yard
  • 5-minute walk to Craftsman Village Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of August 2020

FOUR UNITS!! North of 7th St and West of Cherry Ave. The property is historically zoned; Craftsman Village Historic District. Property is being sold in its as-is condition. Buyer and Buyers agent to do their own due diligence: inspections and investigations.

Last Agent to Sell the Property

Tomas Briseno

Century 21 A Better Service License #01940380 Listed on: 04/27/2020

Century 21 A Better Service

Co-Listed By

Betty Saldana

Century 21 A Better Service License #01200253

Last Buyer's Agent

Huok Lo

Lifetime Realty Inc License #01368263

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,898

Year Built

  • Built in 1926

Lot Details

  • 6,606 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 4 Car Garage

Interior Spaces

  • 3,411 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 3322
  • Assessor Parcel Number 7267027012

Community Details

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $69,000

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,898

Year Built

Built in 1926

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7267027012
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 285.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • 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: Front Yard
  • Lot Size Sq Ft: 6606.00
  • Lot Size Acres: 0.1517

Multi Family

  • Gross Scheduled Income: 69000.00
  • Lot Size Area: 6606.0000 Square Feet
  • Net Operating Income: 69000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 5764.02
  • Tax Lot: 12
  • Tax Tract Number: 3322

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2020
Closed on
Jun 17, 2020
Sold by
Saldana Ricardo M and Saldana Angela B
Bought by
Koy Sophat and Chan Helen
Seller's Agent
Tomas Briseno
Century 21 A Better Service
Buyer's Agent
Huok Lo
Lifetime Realty Inc
List Price
$999,999
Sold Price
$975,000
Premium/Discount to List
-$24,999
-2.5%
Current Estimated Value
$1,277,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$302,127
Avg. Annual Appreciation
5.47%
Original Mortgage
$731,250
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2007
Sold by
Saldana Ricardo
Bought by
Saldana Ricardo M and Saldana Angela B

Purchase Details

Closed on
Aug 14, 2007
Sold by
Saldana Ricardo
Bought by
Saldana Ricardo and Saldana Angela B

Purchase Details

Closed on
Jan 16, 2007
Sold by
Saldana Ricardo
Bought by
Saldana Ricardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$594,300
Interest Rate
6.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 2005
Sold by
Pippen Jeremy J
Bought by
Saldana Ricardo and Saldana Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
6.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 25, 2002
Sold by
Gonzalez Pippen Gisselle
Bought by
Pippen Jeremy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2000
Sold by
Community Housing & Development Funding
Bought by
Pippen Jeremy J and Gonzalez Pippen Gisselle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,810
Interest Rate
6.89%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 17, 2000
Sold by
Hud
Bought by
Community Housing & Development Fund Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
8.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 29, 1999
Sold by
Old Kent Mtg Company
Bought by
Hud

Purchase Details

Closed on
Apr 29, 1999
Sold by
Salinas Malinda
Bought by
Old Kent Mtg Company

Purchase Details

Closed on
May 14, 1997
Sold by
West Coast Group Inc
Bought by
Salinas Malinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,246
Interest Rate
8.14%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 12, 1997
Sold by
Phan Thien
Bought by
West Coast Group Inc
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
Koy Sophat $975,000 Fidelity Natl Ttl Co Torranc
Saldana Ricardo M -- None Available
Saldana Ricardo -- None Available
Saldana Ricardo -- Alliance Title
Saldana Ricardo $800,000 Diversified Title
Pippen Jeremy J -- --
Pippen Jeremy J $233,000 Provident Title
Community Housing & Development Fund Inc $110,000 Provident Title
Hud -- American Title
Old Kent Mtg Company $278,448 American Title Co
Salinas Malinda $255,000 South Coast Title
West Coast Group Inc $165,000 South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koy Sophat $860,000
Previous Owner Koy Sophat $731,250
Previous Owner Saldana Ricardo $594,300
Previous Owner Saldana Ricardo $560,000
Previous Owner Pippen Jeremy J $137,000
Previous Owner Pippen Jeremy J $360,000
Previous Owner Pippen Jeremy J $252,000
Previous Owner Pippen Jeremy J $225,810
Previous Owner Community Housing & Development Fund Inc $112,500
Previous Owner Salinas Malinda $245,246
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2020 08/03/20 Sold $975,000 -2.5% $286 / Sq Ft
06/15/2020 06/15/20 Pending -- -- --
04/27/2020 04/27/20 For Sale $999,999 -- $293 / 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 $13,898 $1,055,370 $681,932 $373,438
2024 $13,898 $1,034,677 $668,561 $366,116
2023 $13,661 $1,014,390 $655,452 $358,938
2022 $12,834 $994,500 $642,600 $351,900
2021 $12,568 $975,000 $630,000 $345,000
2020 $12,141 $932,606 $455,755 $476,851
2019 $12,000 $914,334 $446,819 $467,515
2018 $11,616 $896,420 $438,058 $458,362
2016 $7,844 $615,000 $300,700 $314,300
2015 $7,305 $585,000 $286,000 $299,000
2014 $6,154 $475,000 $232,200 $242,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20080211

California Regional Multiple Listing Service (CRMLS)

APN: 7267-027-012