NOT LISTED FOR SALE

1441 E 7th St Long Beach, CA 90813

Hellman Neighborhood

Estimated Value: $764,566

5 Beds
4 Baths
2,488 Sq Ft
$307/Sq Ft Est. Value

Last Sold December 09, 2014

Last sale price $425,000 $171 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $4,592/month

67 Days on Market

About This Home

As of December 2014

This property is in a great location in a good quality rental market. Very Nice decent tenants who take excellent care of your property while they’re living there and always pay rent on time. 3 units: first unit # A is one-bedroom/one bathroom. Second unit # B is three-bedrooms/two bathrooms and the front unit # C is a (business) grocery store with a bathroom. Generate $3200 monthly income. Each unit has a separate electric and gas meter and tenants pay their utilities. One water meter; This is a Mix Use property (commercial & residential = C’NR), it will require commercial loan.

Last Agent to Sell the Property

Fayez Henein

Greenleaf Realty License #00897642 Listed on: 09/26/2014

Co-Listed By

Nabil Haroun

Greenleaf Realty License #01299629

Last Buyer's Agent

Fayez Henein

Greenleaf Realty License #00897642 Listed on: 09/26/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 6,770 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • 2,488 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 5764
  • Assessor Parcel Number 7266001017

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $20
  • Water Sewer Expense $180
  • New Taxes Expense $2,896
  • Gross Income $3,200
  • Net Operating Income $31,504

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 180.00
  • Property Type: Residential Income
  • Parcel Number: 7266001017
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 170.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 20.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6770.00
  • Lot Size Acres: 0.1550

Multi Family

  • Gross Income: 3200.00
  • Gross Scheduled Income: 38400.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6770.0000 Square Feet
  • Net Operating Income: 31504.00
  • 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: 50.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2896.00
  • Tax Lot: 6
  • Tax Tract Number: 5764
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2014
Closed on
Dec 5, 2014
Sold by
Nguyen Paul and Ninh Xuan Lan
Bought by
Chhim Maingold
Seller's Agent
Fayez Henein
Greenleaf Realty
Buyer's Agent
Fayez Henein
Greenleaf Realty
List Price
$425,000
Sold Price
$425,000
Current Estimated Value
$764,566

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$339,566
Avg. Annual Appreciation
5.46%

Purchase Details

Closed on
Dec 10, 2007
Sold by
Nguyen Paul and Ninh Xuan Lan
Bought by
Nguyen Paul and Ninh Xuan Lan

Purchase Details

Closed on
Jun 21, 2002
Sold by
Nguyen Paul
Bought by
Nguyen Paul and Ninh Lan T Nguyen

Purchase Details

Closed on
Mar 24, 1999
Sold by
Yetz Lawrence W and Yetz Wilma J
Bought by
Nguyen Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.89%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chhim Maingold $410,000 Fnt
Nguyen Paul -- Civic Center Title Svcs Inc
Nguyen Paul -- --
Nguyen Paul $168,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nguyen Paul $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2014 12/09/14 Sold $425,000 0.0% $171 / Sq Ft
12/02/2014 12/02/14 Pending -- -- --
09/26/2014 09/26/14 For Sale $425,000 -- $171 / 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 $6,886 $497,769 $294,449 $203,320
2024 $6,886 $488,010 $288,676 $199,334
2023 $6,767 $478,442 $283,016 $195,426
2022 $6,369 $469,062 $277,467 $191,595
2021 $6,230 $459,866 $272,027 $187,839
2019 $6,088 $441,727 $263,959 $177,768
2018 $5,826 $433,067 $258,784 $174,283
2016 $5,360 $416,252 $248,736 $167,516
2015 $5,563 $410,000 $245,000 $165,000
2014 $2,941 $210,628 $100,299 $110,329
Source: Public Records

Agents Affiliated with this Home

  • Fayez Henein

    Seller's Agent in 2014

    Fayez Henein

    Greenleaf Realty

    (562) 693-0336

    16 Total Sales

    Fayez Henein
    Section Image

  • N

    Seller Co-Listing Agent in 2014

    Nabil Haroun

    Greenleaf Realty

    (714) 373-2000

    1 Total Sale

    Nabil Haroun
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14208093

California Regional Multiple Listing Service (CRMLS)

APN: 7266-001-017

California Los Angeles County Long Beach 90802 Hellman

1441 E 7th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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