NOT LISTED FOR SALE

Estimated Value: $861,000 - $1,082,840

4 Beds
4 Baths
2,208 Sq Ft
$430/Sq Ft Est. Value

Last Sold September 08, 2017

Last sale price $655,000 $297 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $5,878/month

17 Days on Market

Highlights

  • Ceiling Fan
  • 4 Car Garage
  • North Facing Home
  • Floor Furnace

About This Home

As of September 2017

Great opportunity/move in a unit or purchase with current tenants in place. Well maintained building, 4 units, separately metered. Newer roof/ electrical. Each unit clean with potential to increase rents to current market. Great opportunity to move live in your home with conventional financing, Close to freeway, shopping/restaurants Down Town Long Beach.

Last Agent to Sell the Property

Kirt Kingzett

Coldwell Banker Realty License #01741998 Listed on: 07/21/2017

Coldwell Banker Realty

Last Buyer's Agent

Nguyet Vuong

VS Realty & Loans, Inc. License #01413447

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,020

Year Built

  • Built in 1955

Lot Details

  • 6,568 Sq Ft Lot
  • North Facing Home

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Driveway

Home Design

  • Stucco

Interior Spaces

  • 2,208 Sq Ft Home
  • Ceiling Fan
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Floor Furnace
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7431-025-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,020

Year Built

Built in 1955

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Well maintained, good location, with plenty of upside as current rents are under market value, no rent control. All units metered separately each with own water heater. Clean units, currently handyman lives on site. Great opportunity/move in a unit or purchase with current tenants in place. Well maintained building, 4 units, separately metered. Newer roof/ electrical. Each unit clean with potential to increase rents to current market. Great opportunity to move live in your home with conventional financing, Close to freeway, shopping/restaurants Down Town Long Beach.
  • Alley: Yes
  • Living Area: 2208
  • Year Built: 1955
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Cable, Ceiling Fan, Garbage Disposal
  • Price Per S Q F T: 294.38

Exterior Features

  • Direction Faces: North
  • Construction: Stucco
  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 4
  • Parking Garage: Driveway - Concrete, Garage, Garage Is Attached
  • Total Parking: 4

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Floor Furnace
  • Water Heaters: Yes

Condo/Co-op/Association

  • Management Company: Owner

Lot Info

  • Assessed Improvement Value: 175004
  • Assessed Land Value: 310660
  • Assessor Parcel Number: 7431-025-002
  • Geocode Override: No
  • Lot Size Area: 6568

Rental Info

  • Total Actual Rent: 4500.00
  • Land Lease Type: Fee
  • Rent Control: No

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 14.40
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: 4
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2017
Closed on
Aug 2, 2017
Sold by
Knauer Udo Tomas
Bought by
Chea Rattanak and Som Sopheap
Seller's Agent
Kirt Kingzett
Coldwell Banker Realty
Buyer's Agent
Nguyet Vuong
VS Realty & Loans, Inc.
List Price
$650,000
Sold Price
$655,000
Premium/Discount to List
$5,000
0.77%
Total Days on Market
17
Current Estimated Value
$950,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,210
Avg. Annual Appreciation
4.65%
Original Mortgage
$491,250
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2016
Sold by
Knauer Udo Tomas and Uy Wilson John Abad
Bought by
Knauer Udo Tomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 25, 2014
Closed on
Apr 24, 2014
Sold by
Knauer Udo Tomas
Bought by
Knauer Udo Tomas and Abad Uy Wilson John
Seller's Agent
Adele Olivares
New Century Realtors
Buyer's Agent
Scott Kato
Circle Real Estate
List Price
$489,000
Sold Price
$469,000
Premium/Discount to List
-$20,000
-4.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.41%
Original Mortgage
$351,750
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 25, 2014
Closed on
Apr 17, 2014
Sold by
Nava Domingo Lopez and Nava Elva
Bought by
Knauer Udo
Seller's Agent
Adele Olivares
New Century Realtors
Buyer's Agent
Scott Kato
Circle Real Estate
List Price
$489,000
Sold Price
$469,000
Premium/Discount to List
-$20,000
-4.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,750
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2000
Sold by
Dominguez Blanca Rosa and Dominguez Carmen Azucena
Bought by
Nava Domingo Lopez and Nava Elva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,078
Interest Rate
7.71%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 26, 2000
Sold by
Hud
Bought by
Dominguez Blanca Rosa and Dominguez Carmen Azucena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,845
Interest Rate
8.38%

Purchase Details

Closed on
Apr 13, 1999
Sold by
Nationsbanc Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Feb 18, 1999
Sold by
Acevedo Andres and Acevedo Pedro
Bought by
Nationsbanc Mtg Corp
Source: Public Records

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Range of Values:

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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
Chea Rattanak $655,000 Chicago Title Company
Knauer Udo Tomas $243,000 Wfg National Title Insurance
Knauer Udo Tomas -- None Available
Knauer Udo $469,000 Ticor Title
Nava Domingo Lopez $235,000 --
Dominguez Blanca Rosa $145,500 --
Hud -- First Southwestern Title Co
Nationsbanc Mtg Corp $153,314 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chea Rattanak $480,000
Closed Chea Rattanak $491,250
Previous Owner Knauer Udo Tomas $344,000
Previous Owner Knauer Udo $351,750
Previous Owner Nava Domingo Lopez $298,957
Previous Owner Nava Domingo Lopez $25,000
Previous Owner Nava Domingo Lopez $228,650
Previous Owner Nava Domingo Lopez $229,432
Previous Owner Nava Domingo Lopez $233,078
Previous Owner Dominguez Blanca Rosa $137,845
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2017 09/08/17 Sold $655,000 +0.8% $297 / Sq Ft
07/21/2017 07/21/17 For Sale $650,000 +38.6% $294 / Sq Ft
05/23/2014 05/23/14 Sold $469,000 -4.1% $212 / Sq Ft
05/22/2014 05/22/14 Pending -- -- --
01/25/2014 01/25/14 For Sale $489,000 -- $221 / Sq Ft
Source: The MLS

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
2024 $10,020 $730,662 $446,206 $284,456
2023 $9,844 $716,336 $437,457 $278,879
2022 $9,584 $702,291 $428,880 $273,411
2021 $8,954 $688,521 $420,471 $268,050
2019 $8,827 $668,100 $408,000 $260,100
2018 $8,524 $655,000 $400,000 $255,000
2016 $6,185 $485,664 $310,660 $175,004
2015 $5,944 $478,370 $305,994 $172,376
2014 $3,791 $288,855 $90,464 $198,391
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-254148

The MLS

APN: 7431-025-002