NOT LISTED FOR SALE

Estimated Value: $929,000 - $1,215,000

5 Beds
4 Baths
2,194 Sq Ft
$501/Sq Ft Est. Value

Last Sold August 15, 2016

Last sale price $675,000 $308 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $6,851/month

71 Days on Market

Highlights

  • City Lights View
  • Private Yard
  • Wrought Iron Fence
  • Long Beach Polytechnic High School Rated A
  • No HOA
  • Wood Siding

About This Home

As of August 2016

*** MUST SEE *** Great investment while you live in the front unit and rent out the Back three units. The units come with 4 car garage. access to the alley. Close to shopping centers and walking distance to schools.

Last Agent to Sell the Property

Javier Alvarez

Circle Real Estate License #01882629 Listed on: 02/24/2016

Circle Real Estate

Last Buyer's Agent

MAURICIO MENDOZA

GOLD MINE GROUP License #01112602

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,372

Year Built

  • Built in 1922

Lot Details

  • 6,545 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Chain Link Fence
  • Private Yard
  • Front Yard

Parking

  • 4 Car Garage
  • 2 Carport Spaces
  • Parking Available

Home Design

  • Property Attached
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,194 Sq Ft Home
  • City Lights Views

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Overhead Utilities
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 10
  • Tax Tract Number 5752
  • Assessor Parcel Number 7261016012

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,200
  • Trash Expense $1,500
  • Water Sewer Expense $1,500
  • New Taxes Expense $8,112
  • Gross Income $3,400
  • Net Operating Income $38,510

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,372

Year Built

Built in 1922

Lot Details

0

Parking

4

Listing Details

  • CapRate: 0.05
  • Price Per Unit: 162250
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Eastside (ES)
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7261016012
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level With Steps,Top Level
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet
  • Levels: Two
  • Price Per Square Foot: 307.66

Exterior Features

  • View: City Lights
  • Fencing: Chain Link, Wrought Iron
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Cable Available, Sewer Connected, Phone Connected, Water Available, Water Connected
  • Heating: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Trash Expense: 1500.00

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard, Utilities - Overhead, Yard
  • Lot Size Sq Ft: 6545.00
  • Price Per Lot Square Foot: 103.13
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 924
  • Average3 Bed Area: 998
  • Average Studio Area: 272
  • Gross Income: 3400.00
  • Gross Scheduled Income: 40800.00
  • Gross Spendable Income: 40800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6545.0000 Square Feet
  • Net Operating Income: 38510.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 250.00
  • Rent Control: No
  • Vacancy Allowance: 2040
  • Vacancy Allowance Rate: 0.50

Tax Info

  • New Taxes Expense: 8112.00
  • Tax Lot: 10
  • Tax Tract Number: 5752.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2020
Sold by
Munoz Beatriz
Bought by
Beatriz Munoz Revocable Living Trust and Munoz
Current Estimated Value
$1,098,667

Purchase Details

Closed on
May 13, 2016
Sold by
Beltran Miguel Angel and Beltran Aldonza
Bought by
Munoz Beatriz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,592
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 2008
Sold by
Najera Homero and Najera Maria Guadalupe
Bought by
Beltran Miguel Angel and Beltran Aldonza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,150
Interest Rate
6.07%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 13, 2005
Sold by
Najera Homero and Najera Maria Guadalupe
Bought by
Najera Homero and Najera Maria Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
7.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 3, 2003
Sold by
Enciso Pablo and Mendoza Teresa
Bought by
Najera Homero and Najera Maria G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,250
Interest Rate
8.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 1997
Sold by
Enciso Isabel
Bought by
Enciso Pablo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,887
Interest Rate
7.23%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 7, 1997
Sold by
Sanchez Palemon
Bought by
Enciso Pablo and Mendoza Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,887
Interest Rate
7.23%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 11, 1997
Sold by
Monh Luke S
Bought by
Sanchez Palemon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,887
Interest Rate
7.23%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 14, 1997
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Monh Luke S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
7.62%

Purchase Details

Closed on
Nov 16, 1996
Sold by
Garcia Armando H and Federal Home Loan Mortgage Cor
Bought by
Federal Home Loan Mortgage Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
7.62%
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
Beatriz Munoz Revocable Living Trust -- None Listed On Document
Munoz Beatriz $675,000 Provident Title Company
Beltran Miguel Angel $385,000 First American Title Company
Najera Homero -- Investors Title Company
Najera Homero -- Security Union Title
Enciso Pablo -- South Coast Title
Enciso Pablo $230,000 South Coast Title
Sanchez Palemon $147,000 --
Monh Luke S -- --
Monh Luke S $115,000 Continental Lawyers Title Co
Federal Home Loan Mortgage Corporation $125,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Munoz Beatriz $690,592
Previous Owner Beltran Miguel Angel $372,150
Previous Owner Najera Homero $526,500
Previous Owner Najera Homero $435,000
Previous Owner Najera Homero $360,000
Previous Owner Najera Homero $242,250
Previous Owner Enciso Pablo $221,887
Previous Owner Sanchez Palemon $138,000
Previous Owner Monh Luke S $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2016 08/15/16 Sold $675,000 +4.0% $308 / Sq Ft
05/05/2016 05/05/16 Pending -- -- --
02/24/2016 02/24/16 For Sale $649,000 -- $296 / 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 $10,372 $783,388 $522,260 $261,128
2024 $10,372 $768,028 $512,020 $256,008
2023 $10,194 $752,970 $501,981 $250,989
2022 $9,579 $738,207 $492,139 $246,068
2021 $9,383 $723,734 $482,490 $241,244
2020 $9,359 $716,314 $477,543 $238,771
2019 $9,250 $702,270 $468,180 $234,090
2018 $8,928 $688,500 $459,000 $229,500
2017 $8,833 $675,000 $450,000 $225,000
2016 $5,411 $418,805 $217,561 $201,244
2015 $5,202 $412,516 $214,294 $198,222
2014 $5,184 $404,437 $210,097 $194,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16038146

California Regional Multiple Listing Service (CRMLS)

APN: 7261-016-012