NOT LISTED FOR SALE

1583 W Cameron St Long Beach, CA 90810

Arlington Neighborhood

Estimated Value: $815,000 - $854,000

5 Beds
2 Baths
2,229 Sq Ft
$371/Sq Ft Est. Value

Last Sold June 12, 2014

Last sale price $375,000 $168 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $4,895/month

35 Days on Market

Highlights

  • No HOA
  • Back Yard
  • 1-minute walk to Tanaka Park

About This Home

As of June 2014

Great units with long term tenants. Front house has 3 bedrooms and 1 full bath and is approximately 1300 sq. ft. Rear unit is a 2 bedroom with 1 full bath and has approx. 930 sq. ft. There is a large storage shed at the end of the driveway that is being used instead of a garage. This is a Standard Sale.

Last Agent to Sell the Property

Clarence Hinds

First Team Real Estate - Cerritos License #00602655 Listed on: 01/05/2014

First Team Real Estate - Cerritos

Co-Listed By

Nancy Craig

Corcoran Global Living License #01065932

Last Buyer's Agent

Nancy Craig

Corcoran Global Living License #01065932

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 6,006 Sq Ft Lot
  • No Common Walls
  • Back Yard

Parking

  • 4 Parking Spaces

Home Design

  • 2,229 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 34
  • Tax Tract Number 5224
  • Assessor Parcel Number 7311022026

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $600
  • Trash Expense $300
  • Water Sewer Expense $900
  • New Taxes Expense $4,813
  • Gross Income $2,400
  • Net Operating Income $27,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Inclusions: Storage shed at end of driveway
  • Property Attached: No
  • Water Sewer Expenses: 900.00
  • Property Type: Residential Income
  • Parcel Number: 7311022026
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 168.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Back Yard
  • Lot Size Sq Ft: 6006.00
  • Lot Size Acres: 0.1380

Multi Family

  • Gross Income: 2400.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 600.00
  • Lot Size Area: 6006.0000 Square Feet
  • Net Operating Income: 27600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1200.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4813.00
  • Tax Lot: 34
  • Tax Tract Number: 5224
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 11, 2015
Sold by
Liu George and Liu Jane
Bought by
Liu Family Living Trust
Current Estimated Value
$839,274

Purchase Details

Closed on
Mar 24, 2015
Sold by
Liu George Gwojun and Liu Jane Lee
Bought by
Liu George and Liu Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Outstanding Balance
$201,973
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$625,711

Purchase Details

Listed on
Jan 5, 2014
Closed on
Jul 8, 2014
Sold by
Liu George and Liu Jane
Bought by
Liu George Gwojun and Liu Jane Lee
Seller's Agent
Clarence Hinds
First Team Real Estate - Cerritos
Buyer's Agent
Nancy Craig
Corcoran Global Living
List Price
$398,500
Sold Price
$375,000
Premium/Discount to List
-$23,500
-5.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.08%

Purchase Details

Closed on
Feb 24, 2014
Sold by
Frazier Donnell
Bought by
Liu George and Liu Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2006
Sold by
Frazier Martha
Bought by
Frazier Donnell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,000
Interest Rate
1.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 1999
Sold by
Mcgriff Leo
Bought by
Frazier Donnell
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Liu Family Living Trust -- None Available
Liu George -- Nextitle
Liu George Gwojun -- None Available
Liu George $375,000 Chicago Title Company
Frazier Donnell -- United Title Company La
Frazier Donnell -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu George $264,000
Previous Owner Liu George $262,500
Previous Owner Frazier Donnell $259,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2014 06/12/14 Sold $375,000 -5.9% $168 / Sq Ft
02/09/2014 02/09/14 Pending -- -- --
01/05/2014 01/05/14 For Sale $398,500 -- $179 / 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 $6,126 $459,686 $245,166 $214,520
2024 $6,126 $450,673 $240,359 $210,314
2023 $6,029 $441,838 $235,647 $206,191
2022 $5,673 $433,176 $231,027 $202,149
2021 $5,558 $424,684 $226,498 $198,186
2020 $5,543 $420,330 $224,176 $196,154
2019 $5,476 $412,089 $219,781 $192,308
2018 $5,276 $404,010 $215,472 $188,538
2016 $4,841 $388,324 $207,106 $181,218
2015 $4,641 $382,492 $203,996 $178,496
2014 $3,363 $265,530 $107,161 $158,369
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2014

    Clarence Hinds

    First Team Real Estate - Cerritos

    Section Image

  • N

    Seller Co-Listing Agent in 2014

    Nancy Craig

    Corcoran Global Living

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS14002270

California Regional Multiple Listing Service (CRMLS)

APN: 7311-022-026

California Los Angeles County Long Beach 90810 Arlington

1583 W Cameron St, Long Beach, CA

Not Listed for Sale

MultiFamily

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