NOT LISTED FOR SALE

Estimated Value: $656,018 - $695,000

2 Beds
2 Baths
908 Sq Ft
$741/Sq Ft Est. Value

Last Sold July 10, 2017

Last sale price $392,000 $432 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $3,997/month

99 Days on Market

Highlights

  • Main Floor Bedroom
  • Laundry Room
  • Carpet
  • Long Beach Polytechnic High School Rated A
  • Zero Lot Line
  • Wall Furnace

About This Home

As of July 2017

Cute California Bungalow. Sewer line replaced within the last year. Tenants pay electricity, landlord pays water, trash and gas. Landlord paid to put in gas hook ups in each unit for washer/dryer. New carpet in unit 1714. Landlord says it's a pretty low maintence building.

Last Agent to Sell the Property

Kristine Conrad

Coldwell Banker Realty License #00840432 Listed on: 01/16/2017

Coldwell Banker Realty

Co-Listed By

Margaret Knight

Think Boutiq Real Estate License #01453522

Last Buyer's Agent

Mark Armitage

Keller Williams Pacific Estate License #01330129

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 1,757 Sq Ft Lot
  • 1 Common Wall
  • No Landscaping
  • Zero Lot Line

Parking

  • On-Street Parking

Home Design

  • Duplex

Interior Spaces

  • 908 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Overhead Utilities

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 14
  • Assessor Parcel Number 7267029013

Community Details

Overview

  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • Insurance Expense $700
  • Trash Expense $330
  • Water Sewer Expense $330
  • New Taxes Expense $4,980
  • Operating Expense $6,340
  • Net Operating Income $16,760

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 330.00
  • Zoning: LBR2N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7267029013
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Levels: One
  • Price Per Square Foot: 431.72
  • Room Type: Main Floor Bedroom

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 330.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping, Utilities - Overhead, Zero Lot Line
  • Lot Size Sq Ft: 1757.00

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average1 Bed Area: 454 Square Feet
  • Average2 Bed Area: 454 Square Feet
  • Gross Scheduled Income: 23100.00
  • Insurance Expense: 700.00
  • Net Operating Income: 16760.00
  • Number Of Separate Electric Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 6340.00
  • Rent Control: No
  • Total Actual Rent: 925.00
  • Total Expenses: 6340.00

Tax Info

  • New Taxes Expense: 4980.00
  • Tax Census Tract: 5764.03
  • Tax Lot: 14
  • Tax Tract Number: 000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2017
Sold by
Stanley Amanda J
Bought by
Brown Melissa
Current Estimated Value
$672,505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,400
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2014
Sold by
Stanley Amanda J
Bought by
Stanley Amanda J and Amanda J Stanley 2001

Purchase Details

Closed on
Jul 14, 2012
Sold by
Leach Cheryl
Bought by
Stanley Amanda J

Purchase Details

Closed on
Jun 7, 2007
Sold by
Stanley Amanda J
Bought by
Leach Cheryl

Purchase Details

Closed on
May 24, 2005
Sold by
Judkins Nelson Anthony
Bought by
Stanley Amanda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,600
Interest Rate
4.6%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 11, 2002
Sold by
Ledgard Jeanette
Bought by
Judkins Nelson Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,600
Interest Rate
6.06%

Purchase Details

Closed on
Jun 12, 2001
Sold by
Charron Zasadny Denise R and Zasadny Phillip J
Bought by
Ledgard Jeanette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,550
Interest Rate
9.37%
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
Brown Melissa $392,000 Ticor Title Company Of Ca
Stanley Amanda J -- None Available
Stanley Amanda J -- None Available
Leach Cheryl -- Lawyers Title
Stanley Amanda J $342,000 Lawyers Title
Judkins Nelson Anthony $182,000 First Southwestern Title
Ledgard Jeanette $102,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brown Melissa $372,400
Previous Owner Stanley Amanda J $273,600
Previous Owner Judkins Nelson Anthony $145,600
Previous Owner Ledgard Jeanette $81,550
Closed Judkins Nelson Anthony $36,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2017 07/10/17 Sold $392,000 -5.5% $432 / Sq Ft
04/25/2017 04/25/17 Pending -- -- --
01/16/2017 01/16/17 For Sale $415,000 -- $457 / 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 $5,693 $446,025 $312,902 $133,123
2024 $5,693 $437,280 $306,767 $130,513
2023 $5,593 $428,706 $300,752 $127,954
2022 $5,249 $420,301 $294,855 $125,446
2021 $5,141 $412,061 $289,074 $122,987
2019 $5,065 $399,840 $280,500 $119,340
2018 $4,931 $392,000 $275,000 $117,000
2016 $3,243 $257,846 $176,040 $81,806
2015 $3,116 $253,974 $173,396 $80,578
2014 $3,101 $249,000 $170,000 $79,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17009280

California Regional Multiple Listing Service (CRMLS)

APN: 7267-029-013