NOT LISTED FOR SALE

Estimated Value: $785,000 - $1,159,636

7 Beds
2 Baths
1,984 Sq Ft
$481/Sq Ft Est. Value

Last Sold July 15, 2016

Last sale price $580,000 $292 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $5,884/month

33 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Living Room
  • Floor Furnace
  • Long Beach Polytechnic High School Rated A
  • Tile Flooring
  • Front Yard

About This Home

As of July 2016

FANTASTIC BUY ON THIS SINGLE STORY 2 HOUSES ON 1 LOT VALUE PRICED FOR QUICK SALE! LIVE IN ONE AND RENT THE OTHER! FRONT HOUSE HAS 3 BR 1.5 BA, LIVING RM, NEWER CABINETS IN KITCHEN, TILE FLOORS, INSIDE LAUNDRY AREA. BACK HOUSE HAS 4 BR 1.5 BA, LIVING ROOM, SOME NEWER WINDOWS, TILED FLOORS IN BATHROOM, NEWER CABINETS IN KITCHEN. 1 CAR DETACHED GARAGE AND EXTRA LONG DRIVEWAY. BOTH UNITS HAVE A VERY FUNCTIONAL FLOORPLANS, GOOD SIZE BEDROOMS AND SEPARATE WATER HEATERS. SUPER MOTIVATED SELLER. SUBMIT!!!

Last Agent to Sell the Property

Yang-uk Kim

ReMax Tiffany Real Estate License #01087301 Listed on: 05/24/2016

Last Buyer's Agent

Jill Wang

C-21 Astro License #01080899

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1914

Lot Details

  • 6,999 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 1 Car Garage
  • Parking Available
  • Single Garage Door
  • Driveway

Home Design

  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 1,984 Sq Ft Home
  • Living Room

Kitchen

  • Electric Range
  • Range Hood

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Location

  • Suburban Location

Utilities

  • Floor Furnace
  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Assessor Parcel Number 7267028027

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $242
  • Insurance Expense $824
  • Maintenance Expense $162
  • Trash Expense $255
  • Water Sewer Expense $1,336
  • New Taxes Expense $6,875
  • Gross Income $3,250
  • Net Operating Income $29,306

Property Details

Home Type

Multi-Family

Year Built

Built in 1914

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 5.30
  • Property Attached: No
  • Water Sewer Expenses: 1336.00
  • Property Type: Residential Income
  • Gardener Expense: 242.00
  • Parcel Number: 7267028027
  • Year Built: 1914
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 292.34
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Garage - Single Door
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Appliances: Electric Range, Range Hood
  • Heating Type: Floor Furnace, Natural Gas, Wall Furnace
  • Trash Expense: 255.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 6999.00
  • Price Per Lot Square Foot: 82.87

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3250.00
  • Gross Multiplier: 14.10
  • Gross Scheduled Income: 39000.00
  • Insurance Expense: 824.00
  • Maintenance Expense: 162.00
  • Net Operating Income: 29306.00
  • 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: 9694.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6875.00
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2016
Closed on
Jun 23, 2016
Sold by
Cheung Terence Lamhoi
Bought by
Taing Alex Bou and Taing Meily
Seller's Agent
Yang-uk Kim
ReMax Tiffany Real Estate
Buyer's Agent
Jill Wang
C-21 Astro
List Price
$550,000
Sold Price
$580,000
Premium/Discount to List
$30,000
5.45%
Current Estimated Value
$981,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$401,112
Avg. Annual Appreciation
5.40%
Original Mortgage
$280,000
Outstanding Balance
$125,751
Interest Rate
3.66%
Mortgage Type
New Conventional
Estimated Equity
$827,908

Purchase Details

Listed on
Oct 18, 2012
Closed on
Nov 28, 2012
Sold by
Shen Ping
Bought by
Cheung Terence Lamhoi
Seller's Agent
Yang-uk Kim
ReMax Tiffany Real Estate
Buyer's Agent
NoEmail NoEmail
OUT OF AREA
List Price
$364,900
Sold Price
$370,000
Premium/Discount to List
$5,100
1.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.22%
Original Mortgage
$296,000
Interest Rate
3.33%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 18, 2012
Closed on
Nov 5, 2012
Sold by
Federal National Mortgage Association
Bought by
Cheung Terence Lamhoi
Seller's Agent
Yang-uk Kim
ReMax Tiffany Real Estate
Buyer's Agent
NoEmail NoEmail
OUT OF AREA
List Price
$364,900
Sold Price
$370,000
Premium/Discount to List
$5,100
1.4%

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
3.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2012
Sold by
Robles Nancy and Rodriguez Jesus
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 17, 2006
Sold by
Rodriguez Jesus and Robles Nancy
Bought by
Rodriguez Jesus and Robles Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,250
Interest Rate
7.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2003
Sold by
Monh Soung and Bunma Lamyong
Bought by
Rodriguez Jesus and Robles Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2002
Sold by
Chantravat Suwat and Chantravat Aree
Bought by
Monh Soung and Bunma Lamyong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.94%
Mortgage Type
Seller Take Back
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
Taing Alex Bou $580,000 Western Resources Title
Cheung Terence Lamhoi -- Lsi Title Company Inc
Cheung Terence Lamhoi $370,000 Lsi Title Company Inc
Federal National Mortgage Association $563,779 Landsafe Title
Rodriguez Jesus -- First American Title Co
Rodriguez Jesus $400,000 --
Monh Soung $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taing Alex Bou $280,000
Previous Owner Cheung Terence Lamhoi $296,000
Previous Owner Rodriguez Jesus $521,250
Previous Owner Rodriguez Jesus $320,000
Previous Owner Monh Soung $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2016 07/15/16 Sold $580,000 +5.5% $292 / Sq Ft
06/14/2016 06/14/16 Pending -- -- --
05/12/2016 05/12/16 For Sale $550,000 +48.6% $277 / Sq Ft
11/30/2012 11/30/12 Sold $370,000 +1.4% $186 / Sq Ft View Prior Sale
11/01/2012 11/01/12 Pending -- -- --
10/18/2012 10/18/12 For Sale $364,900 -- $184 / 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 $8,748 $673,134 $475,838 $197,296
2024 $8,748 $659,936 $466,508 $193,428
2023 $8,604 $646,997 $457,361 $189,636
2022 $8,083 $634,312 $448,394 $185,918
2021 $7,921 $621,875 $439,602 $182,273
2020 $7,901 $615,500 $435,095 $180,405
2019 $7,810 $603,432 $426,564 $176,868
2018 $7,511 $591,600 $418,200 $173,400
2016 $4,782 $384,884 $270,460 $114,424
2015 $4,593 $379,104 $266,398 $112,706
2014 $4,568 $371,679 $261,180 $110,499
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16103317

California Regional Multiple Listing Service (CRMLS)

APN: 7267-028-027