NOT LISTED FOR SALE

Estimated Value: $717,000 - $830,000

4 Beds
2 Baths
1,330 Sq Ft
$592/Sq Ft Est. Value

Last Sold February 03, 2014

Last sale price $365,000 $274 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $4,566/month

9 Days on Market

About This Home

As of February 2014

Complete Remodel!! Perfect for large family or owner occupant looking for additional rental income. Completely Remodeled Front Home is a 1 Bedroom + 1 Bathroom with an open floorplan. Back Home is a spacious 2 Bedroom with Large Bonus Room previous owner used as 3rd Bedroom + 1 Bathroom. Both Kitchens have new cabinets with Granite Countertops and new Stainless Steel Dual Stove/Oven & Stainless Steel Hoodvent will be installed!! Both Bathrooms have been remodeled! Carport and Driveway Parking + Garage attached to Back Home. Huge Backyard!!

Last Agent to Sell the Property

Spencer Anderson

Spencer Anderson, Broker License #01904398 Listed on: 11/22/2013

Co-Listed By

Sean Coon

Sean Coon, Broker License #01767877

Last Buyer's Agent

Rene Cobian

Colonial Real Estate License #01717535

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 5,311 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage
  • 1 Attached Carport Space
  • Parking Available
  • Driveway

Home Design

  • 1,330 Sq Ft Home
  • Stucco

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 7522
  • Assessor Parcel Number 7116009032

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $600
  • Trash Expense $600
  • New Taxes Expense $2,511
  • Gross Income $2,700
  • Net Operating Income $25,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Property Type: Residential Income
  • Parcel Number: 7116009032
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 274.44

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Attached Carport, Driveway, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5311.00
  • Lot Size Acres: 0.1220

Multi Family

  • Average1 Bed Area: 550
  • Average3 Bed Area: 800
  • Gross Income: 2700.00
  • Gross Scheduled Income: 32400.00
  • Insurance Expense: 600.00
  • Lot Size Area: 5311.0000 Square Feet
  • Net Operating Income: 25400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 7000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2511.00
  • Tax Lot: 12
  • Tax Tract Number: 7522
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2013
Closed on
Jan 13, 2014
Sold by
Anderson Parker R and Coon Sean R
Bought by
Estrada Miguel and Estrada Lilia
Seller's Agent
Spencer Anderson
Spencer Anderson, Broker
Buyer's Agent
Rene Cobian
Colonial Real Estate
List Price
$364,900
Sold Price
$365,000
Premium/Discount to List
$100
0.03%
Current Estimated Value
$786,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$421,863
Avg. Annual Appreciation
6.63%
Original Mortgage
$273,750
Outstanding Balance
$207,141
Interest Rate
4.45%
Mortgage Type
New Conventional
Estimated Equity
$579,722

Purchase Details

Listed on
Mar 31, 2013
Closed on
Jul 23, 2013
Sold by
Nguyen Andy and Nguyen Van Connie
Bought by
Anderson Parker R and Coon Sean R
Seller's Agent
Hanson Le
Coldwell Banker Envision
Buyer's Agent
Jimmy Tran
Superior Real Estate Group
List Price
$190,000
Sold Price
$195,000
Premium/Discount to List
$5,000
2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
226.36%
Original Mortgage
$180,000
Interest Rate
3.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 19, 1996
Sold by
Nguyen Andy and Nguyen Anh T
Bought by
Nguyen Andy and Nguyen Van Connie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
7.18%
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
Estrada Miguel $365,000 Chicago Title Company
Anderson Parker R $250,000 Chicago Title
Nguyen Andy -- South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Estrada Miguel $273,750
Previous Owner Anderson Parker R $180,000
Previous Owner Nguyen Andy $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/03/2014 02/03/14 Sold $365,000 0.0% $274 / Sq Ft
12/09/2013 12/09/13 Pending -- -- --
11/30/2013 11/30/13 For Sale $364,900 +87.1% $274 / Sq Ft
07/26/2013 07/26/13 Sold $195,000 +2.6% $171 / Sq Ft View Prior Sale
12/17/2012 12/17/12 Pending -- -- --
12/05/2012 12/05/12 For Sale $190,000 -- $167 / 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 $5,920 $447,428 $202,262 $245,166
2024 $5,920 $438,656 $198,297 $240,359
2023 $5,820 $430,056 $194,409 $235,647
2022 $5,470 $421,625 $190,598 $231,027
2021 $5,359 $413,359 $186,861 $226,498
2020 $5,345 $409,121 $184,945 $224,176
2019 $5,283 $401,100 $181,319 $219,781
2018 $5,074 $393,236 $177,764 $215,472
2016 $4,669 $377,968 $170,862 $207,106
2015 $4,483 $372,292 $168,296 $203,996
2014 $3,151 $250,000 $140,000 $110,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13239683

California Regional Multiple Listing Service (CRMLS)

APN: 7116-009-032