NOT LISTED FOR SALE

1444 Obispo Ave Long Beach, CA 90804

Zaferia Neighborhood

Estimated Value: $929,000 - $1,015,000

4 Beds
2 Baths
1,872 Sq Ft
$525/Sq Ft Est. Value

Last Sold June 19, 2018

Last sale price $650,000 $347 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $6,264/month

28 Days on Market

Highlights

  • Laundry Room
  • Back Yard
  • 4-minute walk to Orizaba Park
  • Woodrow Wilson High School Rated A

About This Home

As of June 2018

This perfectly situated duplex is minutes from the beach and freeways. Situated in a booming neighborhood in Long Beach the turn-key Spanish style duplex features units that have large two bedroom one-bath units with onsite parking and laundry. Not only do the units have larger than average square footage, the property also boasts a large lot with each unit having access a one-car garage and an extended driveway for additional parking. Each unit has long term tenants that help to maintain a clean property. Located less than a mile away from the current developments at the Traffic Circle, 1444 Obispo is a perfect investment with competitive rents in a growing area.

Last Agent to Sell the Property

Travis Lebouf

Platinum Properties R.E. License #01938822 Listed on: 04/09/2018

Last Buyer's Agent

Caleb Mcgivney

Keller Williams Pacific Estate License #01932680

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,837

Year Built

  • Built in 1929

Lot Details

  • 7,397 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 1,872 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 1
  • Tax Tract Number 5751
  • Assessor Parcel Number 7259007015

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $660
  • Insurance Expense $600
  • Water Sewer Expense $600
  • New Taxes Expense $8,125
  • Operating Expense $12,155
  • Gross Income $40,740
  • Net Operating Income $28,585

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,837

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.39
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 600.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 660.00
  • Parcel Number: 7259007015
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 347.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 7397.00

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Multiplier: 15.48
  • Gross Operating Income: 40740.00
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 600.00
  • Net Operating Income: 28585.00
  • 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: 12155.00
  • Rent Control: No
  • Total Expenses: 12155.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 8125.00
  • Tax Census Tract: 5751.03
  • Tax Lot: 1
  • Tax Tract Number: 5751.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2019
Sold by
Cirelli Michael and Zaidi Sara M
Bought by
Cirelli Michael and Zaidi Sara M
Current Estimated Value
$994,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,967
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 9, 2018
Closed on
Jun 11, 2018
Sold by
Zaidi Rahat M
Bought by
Zaidi Mohammad
Seller's Agent
Travis Lebouf
Platinum Properties R.E.
Buyer's Agent
Caleb Mcgivney
Keller Williams Pacific Estate
List Price
$649,000
Sold Price
$650,000
Premium/Discount to List
$1,000
0.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.95%
Original Mortgage
$487,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 9, 2018
Closed on
May 22, 2018
Sold by
Wanetick Benjamin J
Bought by
Cirelli Michael and Zaidi Sara M
Seller's Agent
Travis Lebouf
Platinum Properties R.E.
Buyer's Agent
Caleb Mcgivney
Keller Williams Pacific Estate
List Price
$649,000
Sold Price
$650,000
Premium/Discount to List
$1,000
0.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2010
Sold by
Shepard Investments Inc
Bought by
Wanetick Benjamin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$379,002
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 16, 2010
Sold by
Sepko Juliana
Bought by
Shepard Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,400
Interest Rate
5.01%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 20, 2000
Sold by
Sepko Juliana
Bought by
Ghete Juliana and Sepko Juliana
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
Cirelli Michael -- Chicago Title Company
Zaidi Mohammad -- Old Republic Title
Cirelli Michael $650,000 Old Republic Title
Wanetick Benjamin J $395,000 First American Title Company
Shepard Investments Inc $273,600 None Available
Ghete Juliana -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cirelli Michael $602,000
Closed Cirelli Michael $486,967
Closed Cirelli Michael $487,500
Previous Owner Wanetick Benjamin J $379,002
Previous Owner Shepard Investments Inc $25,400
Previous Owner Shepard Investments Inc $25,400
Previous Owner Shepard Investments Inc $210,000
Previous Owner Shepard Investments Inc $210,000
Previous Owner Sepko Juliana $350,001
Previous Owner Sepko Juliana $139,835
Previous Owner Sepko Juliana $67,000
Previous Owner Sepko Juliana $21,000
Previous Owner Sepko Juliana $125,000
Previous Owner Sepko Juliana $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2018 06/19/18 Sold $650,000 +0.2% $347 / Sq Ft
05/07/2018 05/07/18 Pending -- -- --
04/09/2018 04/09/18 For Sale $649,000 -- $347 / 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 $9,837 $766,435 $560,789 $205,646
2024 $9,837 $751,408 $549,794 $201,614
2023 $9,673 $736,675 $539,014 $197,661
2022 $9,082 $722,232 $528,446 $193,786
2021 $8,903 $708,072 $518,085 $189,987
2019 $8,485 $663,280 $484,500 $178,780
2018 $5,737 $445,038 $247,714 $197,324
2016 $5,275 $427,490 $238,096 $189,394
2015 $5,066 $421,070 $234,520 $186,550
2014 $5,037 $412,823 $229,927 $182,896
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Travis Lebouf

    RE/MAX

    Section Image

  • C

    Buyer's Agent in 2018

    Caleb Mcgivney

    Keller Williams Pacific Estate

    (562) 961-1400

    15 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18084221

California Regional Multiple Listing Service (CRMLS)

APN: 7259-007-015

California Los Angeles County Long Beach 90804 Zaferia

1444 Obispo Ave, Long Beach, CA

This home is located at 1444 Obispo Ave, Long Beach, CA 90804 since 09 April 2018 and is currently estimated at $982,856, approximately $525 per square foot. This property was built in 1929. 1444 Obispo Ave is a home located in Los Angeles County with nearby schools including Nieto Herrera Elementary School, Woodrow Wilson High School, and Maple Village Waldorf School.

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.

California Regional Multiple Listing Service (CRMLS) 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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