NOT LISTED FOR SALE

Estimated Value: $857,000 - $1,199,677

5 Beds
2 Baths
2,292 Sq Ft
$447/Sq Ft Est. Value

Last Sold December 18, 2019

Last sale price $749,000 $327 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $6,272/month

107 Days on Market

Highlights

  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Back Yard

About This Home

As of December 2019

Unique Craftsman Property!!!!Duplex property investors dream property also zoned by City as commercial property new remodeled.Downstairs unit is a 2beroom/2 bath with large living space,remodeled kitchen with granite counter tops,privet laundry room.Upstairs unit featuring 3 bedroom/1 bathroom and large loft area could be used as playroom.Large lot,privet driveway with secure gate.Three individual remodeled garages with alley access and and tons of room on property for additional parking! very unique property with many possibilities for use, new roof,upgraded plumbing,electrical panel was upgraded to 200 amp. All work were done with permits. please do not disturb the occupants. Tenants are paying utilities.

Last Agent to Sell the Property

Petros Ayvazyan

Petros Ayvazyan License #01868456 Listed on: 06/17/2019

Last Buyer's Agent

francis leary

Allied Realty Inc License #01331285

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 6,250 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Parking

  • 3 Car Garage

Home Design

  • 2,292 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 7267029003

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $966
  • New Taxes Expense $7,807
  • Operating Expense $8,773
  • Gross Income $46,560
  • Net Operating Income $37,787

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Zoning: LBCNR
  • Property Type: Residential Income
  • Parcel Number: 7267029003
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 326.79

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Other

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 6250.00
  • Lot Size Acres: 0.1435

Multi Family

  • Gross Income: 46560.00
  • Gross Scheduled Income: 46560.00
  • Insurance Expense: 966.00
  • Lot Size Area: 6250.0000 Square Feet
  • Net Operating Income: 37787.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Range: 2
  • Rent Control: No
  • Total Expenses: 8773.00

Tax Info

  • New Taxes Expense: 7807.00
  • Tax Census Tract: 5764.03
  • Tax Lot: 3
  • Tax Tract Number: unk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2019
Closed on
Dec 10, 2019
Sold by
Minasyan Narine
Bought by
Ayvazyan Petros
Seller's Agent
Petros Ayvazyan
Petros Ayvazyan
Buyer's Agent
francis leary
Allied Realty Inc
List Price
$765,000
Sold Price
$749,000
Premium/Discount to List
-$16,000
-2.09%
Current Estimated Value
$1,024,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,169
Avg. Annual Appreciation
5.32%
Original Mortgage
$735,433
Interest Rate
3.85%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 17, 2019
Closed on
Oct 31, 2019
Sold by
Ayvazyan Petros
Bought by
Susanto Richard and Cline Hugh D
Seller's Agent
Petros Ayvazyan
Petros Ayvazyan
Buyer's Agent
francis leary
Allied Realty Inc
List Price
$765,000
Sold Price
$749,000
Premium/Discount to List
-$16,000
-2.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,433
Interest Rate
3.85%
Mortgage Type
FHA

Purchase Details

Closed on
May 29, 2019
Sold by
Professor Investments Llc
Bought by
Ayvazyan Petros

Purchase Details

Listed on
Apr 13, 2017
Closed on
Aug 21, 2017
Sold by
Kb Holdings & Investments Llc
Bought by
Professor Investments Llc
Seller's Agent
Barbara Betts
The RECollective
List Price
$649,900
Sold Price
$615,000
Premium/Discount to List
-$34,900
-5.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$254,747
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 13, 2017
Closed on
Jun 23, 2017
Sold by
Cooper Nathaniel E
Bought by
Kb Holdings & Investments Llc
Seller's Agent
Barbara Betts
The RECollective
List Price
$649,900
Sold Price
$615,000
Premium/Discount to List
-$34,900
-5.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,747
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 2011
Sold by
Sd Seaport Three Lp
Bought by
Cooper Nathaniel E and Cooper Rochelle L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,381
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 19, 2011
Sold by
Plotkin Rachel Eva
Bought by
Sd Seaport Three Lp

Purchase Details

Closed on
May 4, 2006
Sold by
Verduzco Juventino
Bought by
Plotkin Rachel Eva and Baham Rejean Balkaran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,875
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 2006
Sold by
Verduzco Maria De Jesus Gonzales
Bought by
Verduzco Juventino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,875
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 1998
Sold by
Deleon Jesus
Bought by
Verduzco Juventino and Verduzco Maria Dejesus Gonzales
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
Ayvazyan Petros -- Lawyers Title
Susanto Richard $749,000 Lawyers Title
Ayvazyan Petros -- None Available
Professor Investments Llc -- None Available
Kb Holdings & Investments Llc $615,000 First American Title
Cooper Nathaniel E $340,000 Lawyers Title
Sd Seaport Three Lp -- Lawyers Title
Plotkin Rachel Eva $615,000 Southland Title Corporation
Verduzco Juventino -- Southland Title Corporation
Verduzco Juventino -- Southland Title Corporation
Verduzco Juventino -- South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Susanto Richard $735,433
Previous Owner Professor Investments Llc $254,747
Previous Owner Kb Holdings & Investments Llc $378,000
Previous Owner Cooper Nathaniel E $331,381
Previous Owner Verduzco Juventino $60,875
Previous Owner Plotkin Rachel Eva $492,000
Previous Owner Verduzco Juventino $60,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/18/2019 12/18/19 Sold $749,000 -2.1% $327 / Sq Ft
10/02/2019 10/02/19 Pending -- -- --
06/17/2019 06/17/19 For Sale $765,000 0.0% $334 / Sq Ft
07/02/2018 07/02/18 Rented $1,395 0.0% --
06/21/2018 06/21/18 Under Contract -- -- --
06/14/2018 06/14/18 Price Changed $1,395 -6.7% $1 / Sq Ft
05/24/2018 05/24/18 Price Changed $1,495 -3.2% $1 / Sq Ft
05/17/2018 05/17/18 Price Changed $1,545 +3.3% $1 / Sq Ft
04/27/2018 04/27/18 For Rent $1,495 0.0% --
08/16/2017 08/16/17 Sold $615,000 -4.7% $268 / Sq Ft View Prior Sale
06/05/2017 06/05/17 Pending -- -- --
05/31/2017 05/31/17 Price Changed $645,000 -0.8% $281 / Sq Ft
04/13/2017 04/13/17 For Sale $649,900 -- $284 / 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 $10,867 $845,533 $548,428 $297,105
2024 $10,867 $828,955 $537,675 $291,280
2023 $10,688 $812,702 $527,133 $285,569
2022 $10,037 $796,768 $516,798 $279,970
2021 $9,548 $756,759 $490,024 $266,735
2019 $8,118 $627,300 $438,600 $188,700
2018 $7,807 $615,000 $430,000 $185,000
2016 $4,513 $360,752 $254,649 $106,103
2015 $4,335 $355,334 $250,824 $104,510
2014 $4,313 $348,374 $245,911 $102,463
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19142296

California Regional Multiple Listing Service (CRMLS)

APN: 7267-029-003