NOT LISTED FOR SALE

Estimated Value: $804,189 - $950,000

5 Beds
2 Baths
1,877 Sq Ft
$460/Sq Ft Est. Value

Last Sold August 11, 2014

Last sale price $425,000 $226 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $5,065/month

5 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • 2 Car Garage

About This Home

As of August 2014

Two homes for the price of one!! This is an incredible opportunity to own two separate homes on one lot. The First home located on 63rd is a 3 bedroom / 1 bath that has been completely remodeled. Tile floors and texture coated ceilings throughout, spacious kitchen with great cabinets, granite counter tops and stainless steel vent hood. All bedrooms have ceiling fans and are good sized. Dining room and Living room also have ceiling fans and baseboards. 2 car Detached finished garage with laundry hookups and roll up door.
The second home located on Walnut Ave is a 2 bedroom / 1 bathroom that has been upgraded. Living room has vaulted ceilings,a gas fireplace and sliding glass doors to the patio area, The Kitchen is open to the dining area and has tons of cabinet space. This home also has an inside laundry area and 2 very roomy bedrooms.
Whether you are a family looking for tons of room or an investor looking for cash flow, this is it! Come on by, you'll be glad you did!

Last Agent to Sell the Property

Marvin Phillip

Y Realty License #01464525 Listed on: 07/28/2014

Last Buyer's Agent

Marvin Phillip

Y Realty License #01464525 Listed on: 07/28/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 5,006 Sq Ft Lot
  • No Common Walls
  • Private Yard
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Interior Spaces

  • 1,877 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 7785
  • Assessor Parcel Number 7118006001

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Property Type: Residential Income
  • Parcel Number: 7118006001
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Price Per Square Foot: 226.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: In Garage, Inside
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: Front Yard, Yard
  • Lot Size Sq Ft: 5006.00
  • Lot Size Acres: 0.1150

Multi Family

  • Lot Size Area: 5006.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 7785
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2016
Sold by
Olivas Karla
Bought by
Olivas Karla and Olivas Luis
Current Estimated Value
$864,047

Purchase Details

Listed on
Jul 28, 2014
Closed on
Jun 13, 2014
Sold by
Olivas Wendy and Olivas Luis C
Bought by
Olivas Karla
Seller's Agent
Marvin Phillip
Y Realty
Buyer's Agent
Marvin Phillip
Y Realty
List Price
$424,900
Sold Price
$425,000
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
6.42%
Original Mortgage
$335,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2010
Sold by
Bank Of America National Association
Bought by
Olivas Wendy and Olivas Luis C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
4.94%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 28, 2009
Sold by
Lopez Ruben and Lopez Irene
Bought by
Bank Of America National Association

Purchase Details

Closed on
Aug 15, 2000
Sold by
Bohl Barbara M and Bohl Alfred
Bought by
Lopez Ruben and Lopez Irene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,249
Interest Rate
8.15%
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
Olivas Karla -- Accommodation
Olivas Karla $425,000 Fatcola
Olivas Wendy $370,000 Fatcola
Bank Of America National Association $325,000 Accommodation
Lopez Ruben $202,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olivas Karla $335,000
Previous Owner Olivas Wendy $296,000
Previous Owner Lopez Ruben $200,249
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2014 08/11/14 Sold $425,000 0.0% $226 / Sq Ft
06/10/2014 06/10/14 Pending -- -- --
06/05/2014 06/05/14 For Sale $424,900 -- $226 / 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 $6,627 $510,779 $240,367 $270,412
2024 $6,627 $500,764 $235,654 $265,110
2023 $6,514 $490,946 $231,034 $259,912
2022 $6,119 $481,320 $226,504 $254,816
2021 $5,991 $471,883 $222,063 $249,820
2020 $5,975 $467,046 $219,787 $247,259
2019 $5,904 $457,889 $215,478 $242,411
2018 $5,689 $448,911 $211,253 $237,658
2016 $5,226 $431,481 $203,050 $228,431
2015 $5,017 $425,000 $200,000 $225,000
2014 $4,794 $399,819 $210,597 $189,222
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14117315

California Regional Multiple Listing Service (CRMLS)

APN: 7118-006-001