NOT LISTED FOR SALE

1434 Peterson Ave Long Beach, CA 90813

Cambodia Town Neighborhood

Estimated Value: $786,000 - $845,000

5 Beds
2 Baths
1,926 Sq Ft
$426/Sq Ft Est. Value

Last Sold August 29, 2014

Last sale price $440,000 $228 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $4,866/month

36 Days on Market

About This Home

As of August 2014

This is a must see!! TWO houses on a lot, live in one and rent the other. Great investment income. Seller just upgraded each unit. front house has 3 bedrooms one and half bath *(buyer to verify) rented for $1500/mth, back house has 2 bedrooms one bath rented $900. the back unit has an attached 4 cars garage with private access. these rents are very low compare to around the areas. This attractive price will not last, do a drive by today.
(please do not disturb tenant, Drive by only , offered subject to interior inspection, selling as is condition.)
please call listing agent with any question, thank you

Last Agent to Sell the Property

NhiEmily Tran

Seal Real Estate License #01512254 Listed on: 06/08/2014

Last Buyer's Agent

Lanelle Lapel

First American Team Realty Inc License #01364887

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 5,119 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,926 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 5752
  • Assessor Parcel Number 7268039006

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,104
  • Water Sewer Expense $250
  • New Taxes Expense $3,952
  • Gross Income $2,400
  • Net Operating Income $23,494

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Atlantic Plaza (APZ)
  • Water Sewer Expenses: 250.00
  • Property Type: Residential Income
  • Parcel Number: 7268039006
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 228.45

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5119.00
  • Lot Size Acres: 0.1180

Multi Family

  • Gross Income: 2400.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 1104.00
  • Lot Size Area: 5119.0000 Square Feet
  • Net Operating Income: 23494.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5306.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3952.00
  • Tax Lot: 4
  • Tax Tract Number: 5752
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2014
Closed on
Jul 18, 2014
Sold by
Keo Samrach and Chap Nhen
Bought by
Cheng Eang Touch and Cheng Eang
Seller's Agent
NhiEmily Tran
Seal Real Estate
Buyer's Agent
Lanelle Lapel
First American Team Realty Inc
List Price
$450,000
Sold Price
$440,000
Premium/Discount to List
-$10,000
-2.22%
Current Estimated Value
$820,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$380,786
Avg. Annual Appreciation
5.64%
Original Mortgage
$220,000
Outstanding Balance
$167,260
Interest Rate
4.11%
Mortgage Type
New Conventional
Estimated Equity
$653,526

Purchase Details

Closed on
Nov 30, 2013
Sold by
Som Keo Bonavy and Keo Samuel N
Bought by
Keo Samrach and Chap Nhen

Purchase Details

Closed on
Jun 20, 2009
Sold by
Chap Nhen and Keo Samrach
Bought by
Chap Nhen and Keo Samrach

Purchase Details

Closed on
Oct 21, 2008
Sold by
Us Bank Na
Bought by
Chap Nhen and Keo Samrach

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 24, 2008
Sold by
Gutierrez Justino
Bought by
Us Bank Na and The Bnc Mortgage Loan Trust 2006-2

Purchase Details

Closed on
Apr 21, 2005
Sold by
Syprasert Steve and Syprasert Lam
Bought by
Gutierrez Justino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
6.55%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 3, 2003
Sold by
Lam Sypraser Steve and Lam Loeur
Bought by
Lam Syprasert Steve and Lam Sypasert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
5.29%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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
Cheng Eang Touch $440,000 Title 365
Keo Samrach -- Title 365
Keo Samrach -- None Available
Chap Nhen -- None Available
Chap Nhen $320,000 North American Title
Us Bank Na $714,321 North American Title Co
Gutierrez Justino $555,000 --
Lam Syprasert Steve -- Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Eang Touch $220,000
Previous Owner Chap Nhen $256,000
Previous Owner Gutierrez Justino $444,000
Previous Owner Lam Syprasert Steve $132,000
Closed Gutierrez Justino $111,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2014 08/29/14 Sold $440,000 -2.2% $228 / Sq Ft
07/14/2014 07/14/14 Pending -- -- --
06/08/2014 06/08/14 For Sale $450,000 -- $234 / 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 $6,943 $528,807 $240,367 $288,440
2024 $6,943 $518,439 $235,654 $282,785
2023 $6,827 $508,275 $231,034 $277,241
2022 $6,415 $498,309 $226,504 $271,805
2021 $6,283 $488,539 $222,063 $266,476
2020 $6,266 $483,771 $219,787 $263,984
2019 $6,194 $474,291 $215,478 $258,813
2018 $5,970 $464,996 $211,253 $253,743
2016 $5,488 $446,710 $203,050 $243,660
2015 $5,270 $440,000 $200,000 $240,000
2014 $4,076 $336,154 $210,097 $126,057
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2014

    NhiEmily Tran

    Seal Real Estate

  • Lanelle Lapel

    Buyer's Agent in 2014

    Lanelle Lapel

    First American Team Realty Inc

    (562) 276-5321

    1 in this area

    6 Total Sales

    Lanelle Lapel
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14119727

California Regional Multiple Listing Service (CRMLS)

APN: 7268-039-006

California Los Angeles County Long Beach 90813 Cambodia Town

1434 Peterson Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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