NOT LISTED FOR SALE

1525 Freeman Ave Long Beach, CA 90804

Zaferia Neighborhood

Estimated Value: $665,150 - $980,000

3 Beds
3 Baths
1,520 Sq Ft
$551/Sq Ft Est. Value

Last Sold June 19, 2013

Last sale price $315,000 $207 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $4,824/month

76 Days on Market

Highlights

  • Craftsman Architecture
  • No Heating
  • 4-minute walk to Orizaba Park
  • Woodrow Wilson High School Rated A

About This Home

As of June 2013

GREAT INVESTMENT OPPORTUNITY! THREE 1 BEDROOM 1 BATH. IT CONSIST OF A DUPLEX AND A DETACHED SMALL HOUSE IN THE BACK. DON'T MISS THIS GREAT OPPORTUNITY!

Last Agent to Sell the Property

Fabiola Rodriguez

Coldwell Banker Envision License #01366904 Listed on: 08/02/2012

Coldwell Banker Envision

Last Buyer's Agent

Rose Alvarez

Coldwell Banker Envision License #00991499

Coldwell Banker Envision

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 6,372

Parking

  • 3 Parking Spaces

Home Design

  • 1,520 Sq Ft Home
  • Craftsman Architecture
  • Stucco

Additional Features

  • 6,372 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 10 / 2
  • Assessor Parcel Number 7259028027

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Insurance Expense $1,350
  • New Taxes Expense $3,750
  • Gross Income $2,400
  • Net Operating Income $20,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.34
  • View: No
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Parcel Number: 7259028027
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 207.24

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6372.00
  • Lot Size Acres: 0.1460

Multi Family

  • Gross Income: 2400.00
  • Gross Multiplier: 11.11
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 1350.00
  • Lot Size Area: 6372.0000 Square Feet
  • Net Operating Income: 20300.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 8500.00
  • Vacancy Allowance Rate: 10.00

Tax Info

  • New Taxes Expense: 3750.00
  • Tax Area: 5500
  • Tax Block: 2
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2012
Closed on
Jun 19, 2013
Sold by
Valencia Adolfo and Valencia Gloria
Bought by
Maruna Oliver D
Seller's Agent
Fabiola Rodriguez
Coldwell Banker Envision
Buyer's Agent
Rose Alvarez
Coldwell Banker Envision
List Price
$220,000
Sold Price
$315,000
Premium/Discount to List
$95,000
43.18%
Current Estimated Value
$836,788

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$521,788
Avg. Annual Appreciation
8.10%
Original Mortgage
$236,000
Outstanding Balance
$167,802
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$668,986

Purchase Details

Listed on
Aug 2, 2012
Closed on
Jun 7, 2013
Sold by
Medina Elisa
Bought by
Maruna Oliver D
Seller's Agent
Fabiola Rodriguez
Coldwell Banker Envision
Buyer's Agent
Rose Alvarez
Coldwell Banker Envision
List Price
$220,000
Sold Price
$315,000
Premium/Discount to List
$95,000
43.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Outstanding Balance
$167,802
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$668,986

Purchase Details

Closed on
Jun 12, 2007
Sold by
Sanchez Ramon and Sanchez Sandy
Bought by
Valencia Adolfo and Valencia Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2006
Sold by
Sanchez Ramon
Bought by
Sanchez Ramon and Sanchez Sandy

Purchase Details

Closed on
Sep 19, 2005
Sold by
Rodriguez Josefina and Josefina Rodriguez Living Trus
Bought by
Sanchez Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,350
Interest Rate
7.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 23, 2005
Sold by
Rodriguez Josefina
Bought by
Rodriguez Josefina and Josefina Rodriguez Living Trus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2004
Sold by
Rodriguez Josefina
Bought by
Rodriguez Josefina and Josefina Rodriguez Living Trus

Purchase Details

Closed on
Jan 14, 2004
Sold by
Atkinson Junior Gray
Bought by
Manhart Suzanne Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 2003
Sold by
Manhart Suzanne Marie
Bought by
Rodriguez Josefina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
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
Maruna Oliver D $315,000 Orange Coast Title Company
Maruna Oliver D -- Orange Coast Title Company
Valencia Adolfo $629,000 Chicago Title Co
Sanchez Ramon -- Accommodation
Sanchez Ramon $559,000 Southland Title
Rodriguez Josefina -- Lawyers Title Company
Rodriguez Josefina -- Lawyers Title Company
Rodriguez Josefina -- --
Manhart Suzanne Marie -- --
Rodriguez Josefina $430,000 First American Title Co Los
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maruna Oliver D $236,000
Previous Owner Valencia Adolfo $500,000
Previous Owner Sanchez Ramon $363,350
Previous Owner Rodriguez Josefina $393,750
Previous Owner Rodriguez Josefina $322,500
Closed Rodriguez Josefina $64,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2013 06/19/13 Sold $315,000 +43.2% $207 / Sq Ft
10/17/2012 10/17/12 Pending -- -- --
08/02/2012 08/02/12 For Sale $220,000 -- $145 / 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 $5,377 $387,890 $246,282 $141,608
2024 $5,377 $380,285 $241,453 $138,832
2023 $5,284 $372,829 $236,719 $136,110
2022 $4,973 $365,520 $232,078 $133,442
2021 $4,867 $358,354 $227,528 $130,826
2020 $4,855 $354,880 $225,195 $129,685
2019 $4,799 $347,927 $220,780 $127,147
2018 $4,580 $341,109 $216,451 $124,658
2016 $4,219 $327,673 $208,047 $119,626
2015 $4,056 $322,752 $204,922 $117,830
2014 $4,042 $316,430 $200,908 $115,522
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2013

    Fabiola Rodriguez

    Coldwell Banker Envision

    Section Image
  • Rose Alvarez

    Buyer's Agent in 2013

    Rose Alvarez

    Coldwell Banker Envision

    (310) 748-3521

    21 Total Sales

    Rose Alvarez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: R1204136

California Regional Multiple Listing Service (CRMLS)

APN: 7259-028-027

California Los Angeles County Long Beach 90804 Zaferia

1525 Freeman Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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