NOT LISTED FOR SALE
4 Beds
2 Baths
4,731 Sq Ft
0.3 Acre Lot

Sale Details

Date Sold: December 19, 2017

Last sale price $1,250,000 $264 Per Sq Ft

51 Days on Market

Highlights

  • No Units Above
  • City Lights View
  • Colonial Architecture
  • Long Beach Polytechnic High School Rated A
  • 0.3 Acre Lot
  • 1-minute walk to Rosa Parks Park

About This Home

As of December 2017

Excellent opportunity to invest in this rare 5 units town home style on a large lot over 12,000 SqFt in this highly desirable location. Each unit has 2 bedrooms and 1.5 baths. Rents are low with no rent control, long term tenants, units are fully occupied. Roof was replaced in the last 2 years. Long Beach is the 36th-largest city in the nation and the seventh-largest in California. Long Beach is the second largest city within Greater Los Angeles Area, after Los Angeles, and a principal city of the Los Angeles-Long Beach-Santa Ana metropolitan area. The university is the largest of the California State University system. Blocks from Long Beach City College Pacific Coast Campus and Whittier Elementary School.

PLEASE do not communicate with tenants or walk the property. DRIVE BY ONLY/SUBJECT TO INSPECTION, THANK YOU.

Last Agent to Sell the Property

Kiri Suykry

Keller Williams Realty Brokerage Phone: 562-276-8413 License #01408082 Listed on: 09/16/2017

Keller Williams Realty

Co-Listed By

Karen Suykry

Sky View Real Estate Brokerage Phone: 562-276-8413 License #01334640

Last Buyer's Agent

Dalida Lim

Starburst Realty License #01329154

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 12,947 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Wrought Iron Fence
  • Fence is in average condition
  • Paved or Partially Paved Lot
  • Garden
  • Front Yard

Property Views

  • City Lights
  • Hills
  • Neighborhood

Home Design

  • Colonial Architecture
  • Property Attached
  • Turnkey
  • Brick Exterior Construction
  • Fire Rated Drywall
  • Shingle Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 4,731 Sq Ft Home
  • 2-Story Property
  • Double Door Entry

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available
  • Unassigned Parking

Location

  • Property is near public transit

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 5752
  • Assessor Parcel Number 7268023004

Community Details

Overview

  • 5 Units
  • Poly High Subdivision

Building Details

  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $325
  • Insurance Expense $1,400
  • Maintenance Expense $1,000
  • Water Sewer Expense $2,600
  • New Taxes Expense $16,250
  • Operating Expense $21,815
  • Gross Income $68,592
  • Net Operating Income $46,813

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0.3 Acres

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Privately Maintained, Paved
  • Subdivision Name Other: Poly High (PH)
  • View: Yes
  • Water Sewer Expenses: 2600.00
  • Zoning: LBR34
  • Architectural Style: Colonial
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7268023004
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Door Features: Double Door Entry
  • Levels: Two
  • Price Per Square Foot: 264.21

Exterior Features

  • View: City Lights, Hills, Neighborhood
  • Fence: Yes
  • Fencing: Average Condition, Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Brick, Concrete, Drywall Walls, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Trash, Utilities, Sewer, Water
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Lot 10000-19999 Sqft, Near Public Transit, Paved
  • Lot Size Sq Ft: 12947.00
  • Lot Size Acres: 0.2972

Multi Family

  • Electric Expense: 325.00
  • Gross Income: 68592.00
  • Gross Scheduled Income: 68592.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 12947.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 46813.48
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 20000.00
  • Rent Control: No
  • Total Expenses: 21814.52

Tax Info

  • New Taxes Expense: 16250.00
  • Tax Census Tract: 5752.01
  • Tax Lot: 5
  • Tax Tract Number: 5752

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

Closed on
Jul 13, 2018
Sold by
So Vannarith and So Sothara
Bought by

Purchase Details

Listed on
Sep 16, 2017
Closed on
Nov 8, 2017
Sold by
Khem Sophany H and Sophany H Khem Survivors Trust
Bought by
So Vannarith and So Sothara
Seller's Agent
Kiri Suykry
Keller Williams Realty
Buyer's Agent
Dalida Lim
Starburst Realty
List Price
$1,300,000
Sold Price
$1,250,000
Premium/Discount to List
-$50,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$477,500
Outstanding Balance
$392,553
Interest Rate
3.95%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 29, 2016
Sold by
Khem Sophany H and Khem Family Trust
Bought by
Khem Sophany H and Sophany H Khem Survivors Trust

Purchase Details

Closed on
Jan 11, 2007
Sold by
Khem Bunneang and Khem Sophany H
Bought by
Khem Bunneang and Khem Sophany H

Purchase Details

Closed on
May 29, 2001
Sold by
Khem Bunneang and Khem Sophany H
Bought by
Khem Ramo and Hin Daravuth
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- None Available
So Vannarith $1,250,000 Fidelity National Title Co
Khem Sophany H -- None Available
Khem Bunneang -- None Available
Khem Ramo $230,000 --
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
Open $477,500
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
12/19/2017 12/19/17 Sold $1,250,000 -3.8% $264 / Sq Ft
11/06/2017 11/06/17 Pending -- -- --
09/16/2017 09/16/17 For Sale $1,300,000 -- $275 / 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
2026 $19,399 $1,450,727 $580,291 $870,436
2025 $19,399 $1,422,282 $568,913 $853,369
2024 $18,567 $1,394,395 $557,758 $836,637
2023 $18,257 $1,367,055 $546,822 $820,233
2022 $17,152 $1,340,250 $536,100 $804,150
2021 $16,802 $1,313,972 $525,589 $788,383
2019 $16,565 $1,275,000 $510,000 $765,000
2018 $16,021 $1,250,000 $500,000 $750,000
2017 $9,034 $665,780 $475,541 $190,239
2016 $8,389 $652,726 $466,217 $186,509
2015 $8,066 $642,922 $459,214 $183,708
2014 $8,033 $630,329 $450,219 $180,110
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17214890

California Regional Multiple Listing Service (CRMLS)
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