Marvin Phillip
Y Realty
(562) 740-8346
33 Total Sales
1 in Central
$335,000 Price
1444 E 16th St Long Beach, CA 90813
Central Neighborhood
9
Beds
7
Baths
3,584
Sq Ft
6,424
Sq Ft Lot
Highlights
- Wood Flooring
- Wood Fence
- Wall Furnace
- Living Room
About This Home
As of November 2015Awesome rental units with UPSIDE RENTS, 5-individual houses, 4-one bedroom and one bath cottages, 2-bedrooms and one bath house, and 2-units at the back with two bedrooms and one bedroom. Each unit have their own Individual water heater! Fairly well maintained with newer 25 years roof, copper plumbing, newer stucco, updated kitchen and bathrooms, some have wood laminate floor, fenced and low maintenance investment. Rents are upside, lots of room for increase. Very stable and quiet tenants, units are unfurnished tenants provide refrigerator and stove. With current Cap Rate of 5.61, Increase in rents could increase cap rate close to 6.0 There parking spaces for each unit inside compound and at the alley. Investors quote, "One Story are easier to maintain"!
Last Agent to Sell the Property
Keller Williams Realty License #01082663 Listed on: 09/24/2015
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 6,424 Sq Ft Lot
- No Common Walls
- Wood Fence
- Density is up to 1 Unit/Acre
Parking
- 7 Parking Spaces
Home Design
- Fire Rated Drywall
Interior Spaces
- 3,584 Sq Ft Home
- Living Room
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Bathrooms
Utilities
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 12
- Assessor Parcel Number 7268034008
Community Details
Overview
- 6 Buildings
- 7 Units
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $480
- Insurance Expense $2,600
- Maintenance Expense $1,200
- Pest Control $480
- Water Sewer Expense $2,100
- New Taxes Expense $11,875
- Gross Income $5,950
- Net Operating Income $50,250
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 18, 2018
Sold by
Bought by
Purchase Details
Listed on
Sep 24, 2015
Closed on
Oct 28, 2015
Sold by
Bought by
Seller's Agent
Zenaida Macapobre
Keller Williams Realty
Buyer's Agent
Zenaida Macapobre
Keller Williams Realty
List Price
$959,900
Sold Price
$850,000
Premium/Discount to List
-$109,900
-11.45%
Purchase Details
Closed on
Jul 12, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.51%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 18, 2007
Sold by
Bought by
Purchase Details
Closed on
Jan 5, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
5.74%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 20, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
5.74%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 22, 2003
Sold by
Bought by
Purchase Details
Closed on
Jun 15, 2000
Sold by
Bought by
Purchase Details
Closed on
Dec 1, 1999
Sold by
Bought by
Purchase Details
Closed on
Sep 20, 1999
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,700
Interest Rate
7.97%
Mortgage Type
Seller Take Back
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central, CA
-
Marvin Phillip
-
Jane Castillo
Jane Castillo
Keller Williams Realty
(424) 283-4769
21 Total Sales
1 in Central
$420,000 Price
-
Richard Gaylord
Richard Gaylord
Re/Max R. E. Specialists
(424) 300-8259
25 Total Sales
2 in Central
$645,000 Price Range
-
Noemy Arellano
Noemy Arellano
Vida Realty
(657) 216-9210
70 Total Sales
2 in Central
$950,000 Price Range
-
Vannessa Swinford
Vannessa Swinford
First Team Real Estate
(657) 341-0938
35 Total Sales
2 in Central
$1,090,000 Price Range
-
Allison Van Wig
Allison Van Wig
Responds QuicklyKeller Williams Coastal Prop.
(562) 582-8861
237 Total Sales
1 in Central
$725,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Accommodation | ||
| $850,000 | Provident Title Company | ||
| -- | Security Union Title | ||
| -- | Accommodation | ||
| -- | -- | ||
| -- | Gateway Title Company | ||
| -- | -- | ||
| -- | American Title | ||
| -- | American Title | ||
| -- | American Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $450,000 | ||
| Previous Owner | $375,000 | ||
| Previous Owner | $34,700 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/18/2015 11/18/15 | Sold | $850,000 | -11.4% | $237 / Sq Ft |
| 10/23/2015 10/23/15 | Pending | -- | -- | -- |
| 09/24/2015 09/24/15 | For Sale | $959,900 | -- | $268 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $16,257 | $1,171,289 | $557,756 | $613,533 |
| 2024 | $15,562 | $1,148,323 | $546,820 | $601,503 |
| 2023 | $15,291 | $1,125,808 | $536,099 | $589,709 |
| 2022 | $14,366 | $1,103,735 | $525,588 | $578,147 |
| 2021 | $14,065 | $1,082,094 | $515,283 | $566,811 |
| 2020 | $14,029 | $1,071,000 | $510,000 | $561,000 |
| 2019 | $12,074 | $902,026 | $265,302 | $636,724 |
| 2018 | $11,690 | $884,340 | $260,100 | $624,240 |
| 2016 | $10,763 | $850,000 | $250,000 | $600,000 |
| 2015 | $8,797 | $700,000 | $388,800 | $311,200 |
| 2014 | $8,240 | $640,000 | $355,500 | $284,500 |
Source: Public Records
Agents Affiliated with this Home
-
Zenaida Macapobre
Z
Seller's Agent in 2015
Zenaida Macapobre
Keller Williams Realty
(310) 930-6455
12 Total Sales
-
Phillip Romero
P
Seller Co-Listing Agent in 2015
Phillip Romero
Keller Williams Realty
(310) 375-3511
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB15211081
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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