NOT LISTED FOR SALE

Estimated Value: $1,058,000 - $1,481,000

7 Beds
3 Baths
2,992 Sq Ft
$426/Sq Ft Est. Value

Last Sold December 07, 2015

Last sale price $657,000 $220 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $7,626/month

55 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Living Room
  • Long Beach Polytechnic High School Rated A
  • Neighborhood Views
  • Laundry Room

About This Home

As of December 2015

Character Craftsman, Fully-Occupied Fourplex in Downtown Long Beach. Includes Four Separate Garages For Tenant Off-Street Parking. Large Shared Yard. Two 3BR Units and Two 1BR Units. All Appliances Included. Two Units With W/D Hookups. Drive By Only, Subject to Inspection With Accepted Offer.

Last Agent to Sell the Property

Mike Dunfee

Engel & Völkers Long Beach License #01191497 Listed on: 10/06/2015

Engel & Völkers Long Beach

Last Buyer's Agent

Karim Wahba

Real Broker License #01945140

Real Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,518 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Property Attached

Interior Spaces

  • 2,992 Sq Ft Home
  • Living Room
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 5
  • Tax Tract Number 5754
  • Assessor Parcel Number 7269012007

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,320
  • Insurance Expense $1,212
  • Maintenance Expense $3,940
  • Water Sewer Expense $960
  • New Taxes Expense $8,113
  • Gross Income $4,690
  • Net Operating Income $37,921

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.84
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 960.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 7269012007
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 219.59
  • Room Type: Living Room

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Cooktop, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7518.00
  • Price Per Lot Square Foot: 87.39
  • Lot Size Acres: 0.1730

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 4690.00
  • Gross Multiplier: 11.53
  • Gross Scheduled Income: 56280.00
  • Insurance Expense: 1212.00
  • Lot Size Area: 7518.0000 Square Feet
  • Maintenance Expense: 3940.00
  • Maintenance Percent: 7.00
  • Net Operating Income: 37921.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 15545.00
  • Rent Control: No
  • Total Actual Rent: 4690.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 8113.00
  • Tax Lot: 5
  • Tax Tract Number: 5754

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2015
Closed on
Nov 18, 2015
Sold by
Robinson Lance William
Bought by
Awad Gourg
Seller's Agent
Mike Dunfee
Engel & Völkers Long Beach
Buyer's Agent
Karim Wahba
Real Broker
List Price
$649,000
Sold Price
$657,000
Premium/Discount to List
$8,000
1.23%
Current Estimated Value
$1,273,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$616,746
Avg. Annual Appreciation
6.73%

Purchase Details

Listed on
Feb 18, 2014
Closed on
Apr 14, 2014
Sold by
Platinum Finance Properties Inc
Bought by
Robinson Lance William
Seller's Agent
Steven Guthrie
Platinum Finance Properties
Buyer's Agent
Ron Denhaan
Realty One Group West
List Price
$569,900
Sold Price
$570,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.22%
Original Mortgage
$559,675
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 12, 2012
Sold by
Tran Joe M and Tran Connie D
Bought by
Platinum Finance Properties Inc and Natural Sequence Llc

Purchase Details

Closed on
Dec 1, 2006
Sold by
Tran Joe M and Tran Connie D
Bought by
Tran Joe M and Tran Connie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2003
Sold by
Ortega Luciano and Tran Joe
Bought by
Tran Joe and Tran Connie

Purchase Details

Closed on
Mar 27, 2003
Sold by
Ortega Luciano
Bought by
Tran Joe and Tran Connie

Purchase Details

Closed on
Sep 29, 2002
Sold by
Pino Lupe
Bought by
Ortega Luciano

Purchase Details

Closed on
Feb 12, 2002
Sold by
Caballero Maria Delourdes
Bought by
Pino Lupe and Ortega Luciano

Purchase Details

Closed on
Mar 2, 2000
Sold by
Hernandez Cecilia
Bought by
Pino Lupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,334
Interest Rate
8.3%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 2, 1999
Sold by
Clamagirand Olivier and Clamagirand Olivier F
Bought by
Clamagirand Olivier and Nguyen Nuette

Purchase Details

Closed on
Nov 6, 1998
Sold by
Hud
Bought by
Clamagirand Olivier F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.78%

Purchase Details

Closed on
Nov 20, 1997
Sold by
Phh Mtg Services Corp
Bought by
Hud

Purchase Details

Closed on
Sep 23, 1997
Sold by
Malone Johnathan and Phh Mtg Services Corp
Bought by
Phh Mtg Services Corp

Purchase Details

Closed on
Aug 19, 1996
Sold by
Lucas Bonnie
Bought by
Malone Johnathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,248
Interest Rate
7.95%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 31, 1994
Sold by
Mclelland David
Bought by
Lucas Bonnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
6.87%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Awad Gourg $657,000 Ticor Title
Awad Gourg -- Ticor Title
Robinson Lance William $570,000 Lawyers Title Company
Platinum Finance Properties Inc $241,600 Lawyers Title
Tran Joe M -- Alliance Title
Tran Joe -- --
Tran Joe -- --
Ortega Luciano -- --
Pino Lupe -- --
Pino Lupe -- --
Pino Lupe -- Stewart Title
Ortega Luciano -- Stewart Title
Pino Lupe $326,000 Stewart Title
Clamagirand Olivier -- Lawyers Title Company
Clamagirand Olivier F $157,500 --
Hud -- --
Phh Mtg Services Corp $210,785 Stewart Title
Malone Johnathan $197,000 Provident Title
Lucas Bonnie $190,000 California Counties Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Robinson Lance William $559,675
Previous Owner Tran Joe M $630,000
Previous Owner Pino Lupe $323,334
Previous Owner Clamagirand Olivier F $195,000
Previous Owner Malone Johnathan $191,248
Previous Owner Lucas Bonnie $171,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/07/2015 12/07/15 Sold $657,000 +1.2% $220 / Sq Ft
11/10/2015 11/10/15 Pending -- -- --
09/16/2015 09/16/15 For Sale $649,000 +13.9% $217 / Sq Ft
04/30/2014 04/30/14 Sold $570,000 0.0% $191 / Sq Ft View Prior Sale
03/14/2014 03/14/14 Pending -- -- --
02/18/2014 02/18/14 For Sale $569,900 -- $190 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,390 $777,749 $295,947 $481,802
2024 $10,390 $762,500 $290,145 $472,355
2023 $10,214 $747,550 $284,456 $463,094
2022 $9,602 $732,893 $278,879 $454,014
2021 $9,401 $718,523 $273,411 $445,112
2020 $9,376 $711,156 $270,608 $440,548
2019 $9,268 $697,212 $265,302 $431,910
2018 $8,923 $683,542 $260,100 $423,442
2016 $8,865 $657,000 $250,000 $407,000
2015 $7,145 $581,388 $254,995 $326,393
2014 $5,056 $389,359 $256,157 $133,202
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15205082

California Regional Multiple Listing Service (CRMLS)

APN: 7269-012-007