NOT LISTED FOR SALE
12 Beds
7 Baths
4,080 Sq Ft
7,100 Sq Ft Lot

Last Sold August 01, 2014

Last sale price $730,000 $179 Per Sq Ft

58 Days on Market

About This Home

As of August 2014

Good Investment Property, Easy Access To Free Ways, Long Term Tenants Current Rent Are Below Market. Rents range from 10-15% below market average. Gated entry and gated driveway parking with at least 9 spaces. Across the street from the Police station. Less than a mile from Cabrillo High School. DRIVE BY ONLY. PLEASE DO NOT CONTACT OCCUPANTS. THEY ARE NOT AWARE THAT PROPERTY IS FOR SALE.

Last Agent to Sell the Property

Ramona Rich

B Rich Realty License #01270561 Listed on: 04/14/2014

Last Buyer's Agent

Raleigh Dew

Coldwell Banker Realty License #01396861

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 7,084 Sq Ft Lot
  • Lot Dimensions are 55x130
  • Two or More Common Walls

Home Design

  • 4,080 Sq Ft Home
  • Property Attached
  • Frame Construction
  • Stucco

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Home Security

  • Window Bars
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • Parking Available
  • Driveway

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater

Additional Features

  • Gas Cooktop
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, HVAC maintenance
  • Legal Lot and Block 7 / 8
  • Tax Tract Number 1833
  • Assessor Parcel Number 7431028006

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • Electric Expense $417
  • Gardener Expense $480
  • Insurance Expense $2,440
  • Maintenance Expense $6,460
  • Other Expense $2,560
  • Pest Control $1,284
  • Professional Management Expense $5,000
  • Water Sewer Expense $3,182
  • New Taxes Expense $977
  • Gross Income $5,324
  • Net Operating Income $37,675

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

7,084 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 5000.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s), Window Bars
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 3182.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7431028006
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 178.92

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range, Gas Cooktop, Gas Water Heater
  • Heating Type: Natural Gas, Wall Furnace
  • Pest Control Expense: 1284.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Size: 55x130
  • Lot Size Sq Ft: 7084.00
  • Lot Size Acres: 0.1630

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, HVAC Maintenance

Multi Family

  • Average2 Bed Area: 650
  • Average Studio Area: 200
  • Electric Expense: 417.00
  • Gross Income: 5324.00
  • Gross Scheduled Income: 64921.00
  • Insurance Expense: 2440.00
  • Lot Size Area: 7084.0000 Square Feet
  • Maintenance Expense: 6460.00
  • Net Operating Income: 37675.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Number With Range: 7
  • Operating Expense: 24000.00
  • Other Expense: 2560.00
  • Other Expense Description: legal
  • Rent Control: No
  • Total Actual Rent: 5490.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 977.00
  • Tax Area: 5501
  • Tax Block: 8
  • Tax Lot: 7
  • Tax Tract Number: 1833
  • Tax Year: 2013
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2014 08/01/14 Sold $730,000 -7.0% $179 / Sq Ft
06/11/2014 06/11/14 Pending -- -- --
04/14/2014 04/14/14 For Sale $785,000 -- $192 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,897 $901,378 $480,737 $420,641
2024 $12,329 $883,705 $471,311 $412,394
2023 $12,112 $866,378 $462,070 $404,308
2022 $11,389 $849,391 $453,010 $396,381
2021 $11,139 $832,737 $444,128 $388,609
2020 $11,110 $824,200 $439,575 $384,625
2019 $10,980 $808,040 $430,956 $377,084
2018 $10,612 $792,197 $422,506 $369,691
2016 $9,766 $761,437 $406,100 $355,337
2015 $9,387 $750,000 $400,000 $350,000
2014 $990 $519,844 $129,957 $389,887
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS14076402

California Regional Multiple Listing Service (CRMLS)
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