NOT LISTED FOR SALE

Estimated Value: $977,000 - $1,179,000

3 Beds
3 Baths
1,904 Sq Ft
$565/Sq Ft Est. Value

Last Sold December 10, 2012

Last sale price $396,000 $208 Per Sq Ft

Est. 172% increase in value since last sale

Current estimated payment $6,292/month

45 Days on Market

Highlights

  • Mediterranean Architecture
  • Long Beach Polytechnic High School Rated A
  • No Heating

About This Home

As of December 2012

Fabulous Spanish/Mediterranean style 4plex on a nice ST. Good rental area w long term tenants. 2 units have been remodeled and rented for $825. The remaining 2 have good upside. Drive by only, do not disturb tenants.Inside w accepted offer.

Last Agent to Sell the Property

Dana Vatanpour

Keller Williams Coastal Prop. License #01512174 Listed on: 09/07/2012

Last Buyer's Agent

dawn pfaff

Empire Property Management License #01280067

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,742

Year Built

  • Built in 1923

Lot Details

  • 6,490

Parking

  • 6 Parking Spaces

Home Design

  • 1,904 Sq Ft Home
  • Mediterranean Architecture
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 3661
  • Assessor Parcel Number 7261011023

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,100
  • Net Operating Income $24,180

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,742

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.06
  • View: No
  • Architectural Style: Mediterranean
  • Property Type: Residential Income
  • Parcel Number: 7261011023
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 207.98

Exterior Features

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

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Gross Income: 3100.00
  • Gross Multiplier: 10.73
  • Gross Scheduled Income: 37200.00
  • Net Operating Income: 24180.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Operating Expense: 13020.00

Tax Info

  • Tax Lot: 18
  • Tax Tract Number: 3661

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2012
Closed on
Nov 14, 2012
Sold by
Woodside Kristin
Bought by
Laws David
Seller's Agent
Dana Vatanpour
Keller Williams Coastal Prop.
Buyer's Agent
dawn pfaff
Empire Property Management
List Price
$399,000
Sold Price
$396,000
Premium/Discount to List
-$3,000
-0.75%
Current Estimated Value
$1,075,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$679,652
Avg. Annual Appreciation
8.08%
Original Mortgage
$295,500
Outstanding Balance
$205,366
Interest Rate
3.36%
Mortgage Type
New Conventional
Estimated Equity
$862,265

Purchase Details

Listed on
Sep 7, 2012
Closed on
Oct 30, 2012
Sold by
Tap Dancing On Land Mines Llc
Bought by
Laws David
Seller's Agent
Dana Vatanpour
Keller Williams Coastal Prop.
Buyer's Agent
dawn pfaff
Empire Property Management
List Price
$399,000
Sold Price
$396,000
Premium/Discount to List
-$3,000
-0.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,500
Outstanding Balance
$205,366
Interest Rate
3.36%
Mortgage Type
New Conventional
Estimated Equity
$862,265

Purchase Details

Closed on
May 16, 2011
Sold by
Vatanpour Dana
Bought by
Tap Dancing On Land Mines Llc

Purchase Details

Closed on
May 3, 2011
Sold by
Azam Saghir
Bought by
Vatanpour Dana

Purchase Details

Closed on
Mar 17, 2004
Sold by
Azam Sumarya
Bought by
Azam Saghir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,150
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2004
Sold by
Schuman John Kennedy and John Kennedy Schuman 2001 Trus
Bought by
Azam Saghir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,150
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 29, 2003
Sold by
Schuman John Kennedy
Bought by
Schuman John Kennedy and John Kennedy Schuman 2001 Trus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
5.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2003
Sold by
Schuman John
Bought by
Schuman John Kennedy and John Kennedy Schuman 2001 Trus

Purchase Details

Closed on
Oct 30, 2002
Sold by
Martinez Jose Jesus
Bought by
Schuman John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.75%

Purchase Details

Closed on
Aug 6, 2002
Sold by
Martinez Trinidad
Bought by
Martinez Jose Jesus

Purchase Details

Closed on
Jul 15, 1999
Sold by
Crawford Michael A and Crawford Cheryl A
Bought by
Martinez Jose Jesus and Martinez Trinidad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,388
Interest Rate
8.24%
Mortgage Type
FHA
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
Laws David -- First American Title Company
Laws David $396,000 First American Title Company
Tap Dancing On Land Mines Llc -- Fidelity National Title Co
Vatanpour Dana $308,250 Fidelity Van Nuys
Azam Saghir -- --
Azam Saghir $459,000 --
Schuman John Kennedy -- North American Title Co
Schuman John Kennedy -- North American Title Co
Schuman John Kennedy -- --
Schuman John $240,000 --
Martinez Jose Jesus -- --
Martinez Jose Jesus $185,000 South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laws David $295,500
Previous Owner Azam Saghir $40,000
Previous Owner Azam Saghir $500,000
Previous Owner Azam Saghir $390,150
Previous Owner Schuman John Kennedy $224,000
Previous Owner Schuman John $192,000
Previous Owner Martinez Jose Jesus $183,388
Previous Owner Martinez Jose Jesus $183,388
Closed Schuman John $24,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2012 12/10/12 Sold $396,000 -0.8% $208 / Sq Ft
10/22/2012 10/22/12 Pending -- -- --
09/07/2012 09/07/12 For Sale $399,000 -- $210 / 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 $6,742 $487,635 $357,109 $130,526
2024 $6,742 $478,074 $350,107 $127,967
2023 $6,623 $468,701 $343,243 $125,458
2022 $6,232 $459,512 $336,513 $122,999
2021 $6,097 $450,503 $329,915 $120,588
2019 $6,012 $437,143 $320,131 $117,012
2018 $5,773 $428,572 $313,854 $114,718
2016 $5,319 $411,931 $301,667 $110,264
2015 $5,114 $405,744 $297,136 $108,608
2014 $5,097 $397,797 $291,316 $106,481
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P834415

California Regional Multiple Listing Service (CRMLS)

APN: 7261-011-023