NOT LISTED FOR SALE

Estimated Value: $974,000 - $1,297,000

5 Beds
3 Baths
3,000 Sq Ft
$369/Sq Ft Est. Value

Last Sold November 08, 2013

Last sale price $550,000 $183 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $6,543/month

20 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Crown Molding
  • Long Beach Polytechnic High School Rated A
  • French Mullion Window
  • 3-minute walk to Rosa Parks Park

About This Home

As of November 2013

Very large two bedroom duplex in front with dining rooms. Owners unit has: central heat/air, crown molding recessed lighting quarts kitchen with new stainless steel stove, microwave, entertainment center, custom tiled shower, and wood floors. All windows dual glazed. Nice large yard. There are 3 garages that are gated.
All units have laundry areas. Upstairs 2 bedroom has a wood deck.
All rents are projected

Last Agent to Sell the Property

Frank Marshall

Franklin Marshall, Broker License #00682236 Listed on: 07/23/2013

Franklin Marshall, Broker

Last Buyer's Agent

Martin Park

T.N.G Real Estate Consultants License #01767732

T.N.G Real Estate Consultants

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 6,251 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Recessed Lighting
  • French Mullion Window
  • Living Room
  • Tile Countertops
  • Laundry Room

Flooring

  • Wood
  • Stone
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Whole House Fan
  • Central Heating and Cooling System
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Assessor Parcel Number 7268036003

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Professional Management Expense $100
  • Trash Expense $40
  • Water Sewer Expense $40
  • New Taxes Expense $6,875
  • Gross Income $3,600
  • Net Operating Income $37,679

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Parking

3

Listing Details

  • Professional Management Expense: 100.00
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 40.00
  • Property Type: Residential Income
  • Parcel Number: 7268036003
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Crown Molding, Recessed Lighting, Stone Counters, Tile Counters, Unfurnished
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Stone, Tile, Wood
  • Price Per Square Foot: 183.33
  • Room Type: Living Room
  • Window Features: French/Mullioned

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Common Area, Individual Room
  • Sewer: Sewer Paid
  • Trash Expense: 40.00
  • Water Source: Public
  • Cooling: Central Air, Whole House Fan, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains, Suburban, Urban

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6251.00
  • Lot Size Acres: 0.1440

Multi Family

  • Average1 Bed Area: 800
  • Average2 Bed Area: 1100
  • Gross Income: 3600.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 800.00
  • Lot Size Area: 6251.0000 Square Feet
  • Net Operating Income: 37679.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Range: 3
  • Operating Expense: 4657.00
  • Operating Expense Percent: 11.00
  • Rent Control: No
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 6875.00
  • Taxes Percent: 1.25
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 2013
Sold by
Orange Partnership
Bought by
Hem Kim Heng
Current Estimated Value
$1,106,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2012
Sold by
Mega Financial Lc
Bought by
Orange Partnership and Mega Financial Llc

Purchase Details

Closed on
Dec 7, 2012
Sold by
Sophea Bunnary C
Bought by
Mega Financial and The Orange Trust

Purchase Details

Closed on
Dec 19, 2006
Sold by
Sophea Bunnary C
Bought by
Sophea Yem and Sophea Bunnary C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
6.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2006
Sold by
Sophea Bunnary Chea
Bought by
Sophea Yem and Sophea Bunnary Chea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
6.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2001
Sold by
Towns Virginia Ann and Johnston Katie Lowe
Bought by
Sophea Bunnary C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
7.09%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hem Kim Heng $550,000 None Available
Orange Partnership -- None Available
Mega Financial $368,900 None Available
Sophea Yem -- Alliance Title
Sophea Yem -- None Available
Sophea Bunnary C $225,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hem Kim Heng $412,500
Previous Owner Sophea Yem $490,000
Previous Owner Sophea Bunnary C $168,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2013 11/08/13 Sold $550,000 0.0% $183 / Sq Ft
08/12/2013 08/12/13 Pending -- -- --
07/23/2013 07/23/13 For Sale $549,900 -- $183 / 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 $8,934 $674,213 $245,166 $429,047
2024 $8,934 $660,994 $240,359 $420,635
2023 $8,784 $648,035 $235,647 $412,388
2022 $8,256 $635,329 $231,027 $404,302
2021 $8,083 $622,873 $226,498 $396,375
2020 $8,061 $616,487 $224,176 $392,311
2019 $7,968 $604,400 $219,781 $384,619
2018 $7,686 $592,550 $215,472 $377,078
2016 $7,066 $569,543 $207,106 $362,437
2015 $6,786 $560,989 $203,996 $356,993
2014 $6,748 $550,000 $200,000 $350,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13146328

California Regional Multiple Listing Service (CRMLS)

APN: 7268-036-003