NOT LISTED FOR SALE

Estimated Value: $940,000 - $1,128,305

7 Beds
3 Baths
2,992 Sq Ft
$353/Sq Ft Est. Value

Sale Details

Date Sold: December 7, 2015

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

Est. 61% increase in value since last sale

Current estimated payment $6,519 / mo

55 Days on Market

Highlights

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

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 in unit
  • 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

7,518 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2015
Closed on
Nov 18, 2015
Sold by
Bought by
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
$1,057,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$400,899
Avg. Annual Appreciation
4.59%

Purchase Details

Listed on
Feb 18, 2014
Closed on
Apr 14, 2014
Sold by
Bought by
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
Bought by

Purchase Details

Closed on
Dec 1, 2006
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Mar 27, 2003
Sold by
Bought by

Purchase Details

Closed on
Sep 29, 2002
Sold by
Bought by

Purchase Details

Closed on
Feb 12, 2002
Sold by
Bought by

Purchase Details

Closed on
Mar 2, 2000
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Nov 6, 1998
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Sep 23, 1997
Sold by
Bought by

Purchase Details

Closed on
Aug 19, 1996
Sold by
Bought by

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
Bought by

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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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$657,000 Ticor Title
-- Ticor Title
$570,000 Lawyers Title Company
$241,600 Lawyers Title
-- Alliance Title
-- --
-- --
-- --
-- --
-- --
-- Stewart Title
-- Stewart Title
$326,000 Stewart Title
-- Lawyers Title Company
$157,500 --
-- --
$210,785 Stewart Title
$197,000 Provident Title
$190,000 California Counties Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $559,675
Previous Owner $630,000
Previous Owner $323,334
Previous Owner $195,000
Previous Owner $191,248
Previous Owner $171,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,865 $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

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