NOT LISTED FOR SALE

Estimated Value: $758,000 - $939,000

3 Beds
2 Baths
1,632 Sq Ft
$507/Sq Ft Est. Value

Last Sold October 01, 2015

Last sale price $421,000 $258 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $4,944/month

32 Days on Market

About This Home

As of October 2015

Charming updated Spanish style duplex in quiet neighborhood, just a couple blocks from Bixby Knolls. Easy Access to freeways and Long Beach Airport. Walking distance to schools, parks and shopping. Just a block from Jane Addams Elementary School. Both units are spacious and rent easily. One unit is a 2 Bedroom/1 bath, and was rented for up to $1,400.00. The two bedroom has hardwood throughout, new hardwood in the bedrooms and new kitchen cabinets. The 2 bedroom also has a private yard and access to a detached garage. The 1 bedroom/1 bath was recently rented for $900 but you can easily get up to $1,000.00. The one bedroom has new kitchen counter tops and new hardwood and windows in the bedroom. The one bedroom also has access to the detached garage. Units rent easily and previous tenants had been there long term. Drought resistant landscaping has been recently installed throughout the property. Each unit has its own laundry hookups & water heater. Units are separately metered for Gas and Electricity. This is a great investment opportunity for both owner and non owner occupied. Note address is 166 & 168 East Platt Street.

Last Agent to Sell the Property

Angie Ghobrial

Amer Realty License #01865364 Listed on: 07/11/2015

Last Buyer's Agent

Angie Ghobrial

Amer Realty License #01865364 Listed on: 07/11/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,459

Year Built

  • Built in 1929

Lot Details

  • 4,500 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • 1,632 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 18 / D
  • Tax Tract Number 5873
  • Assessor Parcel Number 7131019013

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $600
  • Water Sewer Expense $600
  • New Taxes Expense $4,000
  • Gross Income $2,200
  • Net Operating Income $21,708

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,459

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: (714)454-2537
  • Other Phone Number: 714-454-2537
  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Parcel Number: 7131019013
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 257.97

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4500.00
  • Price Per Lot Square Foot: 93.56
  • Lot Size Acres: 0.1030

Multi Family

  • Gross Income: 2200.00
  • Gross Scheduled Income: 26400.00
  • Insurance Expense: 600.00
  • Lot Size Area: 4500.0000 Square Feet
  • Net Operating Income: 21708.00
  • 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: 325.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 4000.00
  • Tax Block: D
  • Tax Lot: 18
  • Tax Tract Number: 5873
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2018
Sold by
Jimenez Narciso Steven
Bought by
Jimenez Narciso Steven and The Jimenez Jr Family Living T
Current Estimated Value
$827,121

Purchase Details

Listed on
Jul 11, 2015
Closed on
Aug 17, 2015
Sold by
Shahid Angele A and The Angele A Shahid 2013 Trust
Bought by
Jimenez Narciso Steven
Seller's Agent
Angie Ghobrial
Amer Realty
Buyer's Agent
Angie Ghobrial
Amer Realty
List Price
$409,000
Sold Price
$421,000
Premium/Discount to List
$12,000
2.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.63%
Original Mortgage
$413,374
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 7, 2013
Sold by
Shahid Angele
Bought by
Shahid Angele A and Angele A Shahid 2013 Trust

Purchase Details

Closed on
Dec 19, 2008
Sold by
Aurora Loan Services Llc
Bought by
Shahid Angele

Purchase Details

Closed on
Sep 17, 2008
Sold by
Dubyak Troy and Dubyak Jennifer
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Feb 2, 2007
Sold by
Dubyak Troy and Dubyak Jennifer
Bought by
Dubyak Troy and Dubyak Jennifer

Purchase Details

Closed on
Nov 20, 2002
Sold by
Lakewood J & B Development Inc
Bought by
Dubyak Troy and Dubyak Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,200
Interest Rate
6.25%

Purchase Details

Closed on
Jul 31, 2000
Sold by
Austin Robert J and Robert J Austin Revocable Trus
Bought by
Lakewood J & B Development Inc
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
Jimenez Narciso Steven -- None Available
Jimenez Narciso Steven $421,000 First American Title
Shahid Angele A -- First American Title Company
Shahid Angele A -- None Available
Shahid Angele $190,000 Lsi Title Agency
Aurora Loan Services Llc $338,360 None Available
Dubyak Troy -- Accommodation
Dubyak Troy $229,000 Lawyers
Lakewood J & B Development Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jimenez Narciso Steven $457,000
Closed Jimenez Narciso Steven $410,909
Closed Jimenez Narciso Steven $413,374
Previous Owner Dubyak Troy $437,500
Previous Owner Dubyak Troy $62,500
Previous Owner Dubyak Troy $470,000
Previous Owner Dubyak Troy $364,000
Previous Owner Dubyak Troy $319,500
Previous Owner Dubyak Troy $183,200
Closed Dubyak Troy $45,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2015 10/01/15 Sold $421,000 +2.9% $258 / Sq Ft
08/12/2015 08/12/15 Pending -- -- --
07/11/2015 07/11/15 For Sale $409,000 -- $251 / 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 $6,459 $498,374 $202,427 $295,947
2024 $6,459 $488,603 $198,458 $290,145
2023 $6,436 $479,023 $194,567 $284,456
2022 $6,047 $469,631 $190,752 $278,879
2021 $5,923 $460,423 $187,012 $273,411
2019 $5,840 $447,048 $181,466 $265,582
2018 $5,628 $438,288 $177,908 $260,380
2016 $5,176 $421,000 $171,000 $250,000
2015 $2,595 $203,577 $128,575 $75,002
2014 $2,587 $199,590 $126,057 $73,533
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15151426

California Regional Multiple Listing Service (CRMLS)

APN: 7131-019-013