NOT LISTED FOR SALE

Estimated Value: $1,226,000 - $1,554,000

4 Beds
4 Baths
2,991 Sq Ft
$468/Sq Ft Est. Value

Last Sold December 11, 2017

Last sale price $1,000,000 $334 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $9,000/month

42 Days on Market

Highlights

  • 6,448 Sq Ft lot
  • Wood Flooring
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Cooling System Mounted To A Wall/Window
  • 5-minute walk to Miracle On Fourth Street Park

About This Home

As of December 2017

Well maintained 4 unit garden style building in a strong rental area of Long Beach. Each unit has 1 Bedroom and 1 Bath. In really good condition.
All 4 units are currently rented. ZERO vacancy in the last 10 years. Please submit highest and best offer. Please do not disturb tenants. All offers will be considered "Subject To" interior inspection.

Last Agent to Sell the Property

Fred Parra

Uptown Realty License #01469971 Listed on: 09/11/2017

Last Buyer's Agent

Linda Ethier

Linda Ethier, Broker License #00669385

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,745

Year Built

  • Built in 1948

Lot Details

  • 6,448 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • 2,991 Sq Ft Home
  • Property Attached

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 9
  • Tax Tract Number 5
  • Assessor Parcel Number 7266022026

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $1,200
  • Fuel Expense $435
  • Insurance Expense $1,250
  • Trash Expense $345
  • Water Sewer Expense $540
  • Operating Expense $3,335
  • Gross Income $45,900
  • Net Operating Income $42,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,745

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 540.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7266022026
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Price Per Square Foot: 334.34

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Gas & Electric Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 345.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6448.00

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Electric Expense: 1200.00
  • Fuel Expense: 435.00
  • Gross Income: 45900.00
  • Gross Scheduled Income: 45900.00
  • Insurance Expense: 1250.00
  • Net Operating Income: 42400.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 3500.00
  • Rent Control: No
  • Total Actual Rent: 3825.00
  • Total Expenses: 3335.00

Tax Info

  • Tax Census Tract: 5765.03
  • Tax Lot: 9
  • Tax Tract Number: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2017
Closed on
Oct 26, 2017
Sold by
Munoz Rivera Prudencio M and Munoz Rivera Prudencio
Bought by
Frankcombe Dennis
Seller's Agent
Fred Parra
Uptown Realty
Buyer's Agent
Linda Ethier
Linda Ethier, Broker
List Price
$1,200,000
Sold Price
$1,000,000
Premium/Discount to List
-$200,000
-16.67%
Current Estimated Value
$1,419,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$419,362
Avg. Annual Appreciation
4.10%
Original Mortgage
$200,000
Interest Rate
3.94%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 9, 2009
Sold by
Ash Der Properties Llc
Bought by
Rivera Prudencio Munoz

Purchase Details

Closed on
Jul 17, 2008
Sold by
Rivera Prudencio Munoz and Munoz Diana Jeaneth Andino
Bought by
Ash Der Properties Llc

Purchase Details

Closed on
Dec 8, 2004
Sold by
Mohamoud Abdirizak and Egal Deeqa
Bought by
Rivera Prudencio Munoz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,800
Interest Rate
5.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 2004
Sold by
Mahamoud Abdirizak and Egal Deeqa
Bought by
Mahamoud Abdirizak and Egal Deeqa

Purchase Details

Closed on
Jun 4, 2004
Sold by
Lett Ben
Bought by
Mohamoud Abdirizak and Egal Deeqa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$414,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 1994
Sold by
Papakostas Ora Mae and Papakostas Family Revocable Li
Bought by
Lett Ben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
4.25%

Purchase Details

Closed on
Aug 8, 1994
Sold by
Lett Augustine
Bought by
Lett Ben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
4.25%

Purchase Details

Closed on
Aug 12, 1993
Sold by
Papakostas Sam and Papakostas Ora Mae
Bought by
Papakostas Sam and The Papakostas Family Revocabl
Source: Public Records

Range of Values:

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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
Frankcombe Dennis $1,000,000 Stewart Title Company Of Ca
Rivera Prudencio M -- Stewart Title Company Of Ca
Rivera Prudencio Munoz -- None Available
Ash Der Properties Llc -- None Available
Rivera Prudencio Munoz -- None Available
Rivera Prudencio Munoz $576,000 Investors Title Company
Rivera Prudencio Munoz -- Investors Title Company
Mahamoud Abdirizak -- Investors Title Company
Mohamoud Abdirizak $460,000 Investors Title Company
Lett Ben $160,000 Gateway Title
Lett Ben -- Gateway Title
Papakostas Sam -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Frankcombe Dennis $200,000
Previous Owner Rivera Prudencio Munoz $616,000
Previous Owner Rivera Prudencio Munoz $76,000
Previous Owner Rivera Prudencio Munoz $611,700
Previous Owner Rivera Prudencio Munoz $460,800
Previous Owner Mohamoud Abdirizak $414,000
Previous Owner Lett Ben $128,000
Closed Rivera Prudencio Munoz $115,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2017 12/11/17 Sold $1,000,000 -16.7% $334 / Sq Ft
11/14/2017 11/14/17 Price Changed $1,200,000 0.0% $401 / Sq Ft
10/23/2017 10/23/17 Pending -- -- --
09/11/2017 09/11/17 For Sale $1,200,000 -- $401 / 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 $14,745 $1,137,825 $796,478 $341,347
2024 $14,745 $1,115,515 $780,861 $334,654
2023 $14,497 $1,093,643 $765,550 $328,093
2022 $13,613 $1,072,200 $750,540 $321,660
2021 $13,340 $1,051,177 $735,824 $315,353
2020 $13,305 $1,040,400 $728,280 $312,120
2019 $13,150 $1,020,000 $714,000 $306,000
2018 $12,734 $1,000,000 $700,000 $300,000
2017 $6,075 $444,882 $311,419 $133,463
2016 $5,646 $436,160 $305,313 $130,847
2015 $5,428 $429,609 $300,727 $128,882
2014 $5,409 $421,195 $294,837 $126,358
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS17211117

California Regional Multiple Listing Service (CRMLS)

APN: 7266-022-026