NOT LISTED FOR SALE

Estimated Value: $790,000 - $970,000

4 Beds
2 Baths
1,650 Sq Ft
$542/Sq Ft Est. Value

Last Sold January 04, 2019

Last sale price $600,000 $364 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $5,391/month

33 Days on Market

Highlights

  • Property is near park
  • Spanish Architecture
  • Laundry Room
  • Woodrow Wilson High School Rated A
  • Separate Outdoor Workshop
  • Tile Flooring

About This Home

As of January 2019

Excellent duplex opportunity. Live in one and rent the other. You are greeted by the charming 3 bedroom front home with neat architectural features and lots of natural light. The remodeled kitchen is centrally located and there is a great natural flow to the home.
The rear unit is a large one bedroom, with remodeled kitchen and bath. The property is well appointed on a large lot, with plenty of parking, an oversized garage with laundry room, workshop and a covered patio. Both homes are individually sub-metered for gas and electric. Located in a strong rental area of Long Beach with Rotary Centennial Park directly across the street.

Last Agent to Sell the Property

Juan Huizar

Sage Real Estate Group, Inc. License #01417642 Listed on: 11/23/2018

Co-Listed By

James Silva

James Martin Silva, Broker License #01923887

Last Buyer's Agent

Effie Giordano

Realty One Group West License #01494573

Realty One Group West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928 | Remodeled

Lot Details

  • 5,109 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Fence is in fair condition
  • Rectangular Lot
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Workshop in Garage
  • Single Garage Door
  • Driveway Level

Home Design

  • Spanish Architecture

Interior Spaces

  • 1,650 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Gas Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting
  • Separate Outdoor Workshop

Additional Features

  • Property is near park
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 35
  • Tax Tract Number 5751
  • Assessor Parcel Number 7260004005

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • New Taxes Expense $7,357
  • Operating Expense $12,960
  • Gross Income $43,200
  • Net Operating Income $30,240

Property Details

Home Type

Multi-Family

Year Built

Built in 1928 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 5.00
  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR34
  • Architectural Style: Spanish
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7260004005
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 363.64
  • Room Type: All Bedrooms Down

Exterior Features

  • Other Structures: Workshop
  • Fence: Yes
  • Fencing: Fair Condition
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway Level, Garage, Garage - Single Door, Oversized, Workshop in Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Rectangular Lot, Park Nearby
  • Lot Size Sq Ft: 5109.00
  • Lot Size Acres: 0.1173

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 650 Square Feet
  • Average2 Bed Area: 1000 Square Feet
  • Gross Income: 43200.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5109.0000 Square Feet
  • Maintenance Percent: 10.00
  • Net Operating Income: 30240.00
  • 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: 12960.00
  • Rent Control: No
  • Total Actual Rent: 3600.00
  • Total Expenses: 12960.00

Tax Info

  • New Taxes Expense: 7357.00
  • Tax Census Tract: 5751.01
  • Tax Lot: 35
  • Tax Tract Number: 5751

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2019
Sold by
Law Jeffrey
Bought by
Law Jeffrey and The Law Family Trust
Current Estimated Value
$894,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,000
Outstanding Balance
$331,638
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$562,404

Purchase Details

Listed on
Nov 23, 2018
Closed on
Jan 3, 2019
Sold by
Bjork Sharon L and Sharon L Bjork Living Trust
Bought by
Law Jeffrey
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Effie Giordano
Realty One Group West
List Price
$590,000
Sold Price
$600,000
Premium/Discount to List
$10,000
1.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.85%

Purchase Details

Closed on
Jul 22, 2011
Sold by
Bjork Sharon L
Bought by
Bjork Sharon L and Sharon L Bjork Living Trust

Purchase Details

Closed on
Mar 4, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Bjork Sharon Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
5.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2008
Sold by
Phung Kheang C
Bought by
Deutsche Bank National Trust Co and Ms 2005-9Ar

Purchase Details

Closed on
Jul 18, 2005
Sold by
Ping Bopha
Bought by
Phung Kheang C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$433,200
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 6, 2005
Sold by
Ping Bopha
Bought by
Ping Bopha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$433,200
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 2, 2004
Sold by
Ping Bopha
Bought by
Ping Bopha and Huch Sokhena Kenny

Purchase Details

Closed on
Jun 2, 2003
Sold by
Vin Nary
Bought by
Ping Bopha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,200
Interest Rate
5.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 2003
Sold by
Kim Bengky
Bought by
Vin Nary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,200
Interest Rate
5.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 2003
Sold by
Loeung Kim K
Bought by
Kim Bengky

Purchase Details

Closed on
Jan 20, 2003
Sold by
Kim Bengky
Bought by
Vu Kim Chi Thi

Purchase Details

Closed on
Oct 22, 2002
Sold by
Kim Lina
Bought by
Kim Bengky

Purchase Details

Closed on
May 11, 2002
Sold by
Bengky Kim
Bought by
Lina Kim

Purchase Details

Closed on
May 18, 2001
Sold by
Kim Bengky
Bought by
Loeung Kim K

Purchase Details

Closed on
Feb 16, 2001
Sold by
Khensouvann Pamara
Bought by
Kim Bengky

Purchase Details

Closed on
Feb 6, 2000
Sold by
Kim Bengky
Bought by
Khensouvann Pamara

Purchase Details

Closed on
Jan 27, 1999
Sold by
Kim Bengky
Bought by
Kim Bengky and Khensouvann Pamara
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
Law Jeffrey -- First American Title Ins Co
Law Jeffrey $600,000 Old Republic Title Company
Bjork Sharon L -- None Available
Bjork Sharon Louise $265,000 Chicago Title Company
Deutsche Bank National Trust Co $398,000 None Available
Phung Kheang C $541,500 United Title Company-La
Ping Bopha -- --
Ping Bopha -- --
Ping Bopha $236,000 Ticor Title Company
Vin Nary -- --
Kim Bengky -- --
Vu Kim Chi Thi -- --
Kim Bengky -- Old Republic Title Company
Lina Kim -- Old Republic Title Company
Loeung Kim K -- --
Kim Bengky -- --
Khensouvann Pamara -- --
Kim Bengky -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Law Jeffrey $515,000
Previous Owner Bjork Sharon Louise $198,750
Previous Owner Phung Kheang C $433,200
Previous Owner Ping Bopha $224,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/04/2019 01/04/19 Sold $600,000 +1.7% $364 / Sq Ft
11/23/2018 11/23/18 For Sale $590,000 -- $358 / 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 $8,647 $669,306 $446,205 $223,101
2024 $8,647 $656,183 $437,456 $218,727
2023 $8,503 $643,318 $428,879 $214,439
2022 $7,985 $630,705 $420,470 $210,235
2021 $7,827 $618,339 $412,226 $206,113
2020 $7,807 $612,000 $408,000 $204,000
2019 $4,158 $305,908 $196,245 $109,663
2018 $3,961 $299,911 $192,398 $107,513
2016 $3,642 $288,267 $184,928 $103,339
2015 $3,499 $283,938 $182,151 $101,787
2014 $3,483 $278,377 $178,583 $99,794
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18278659

California Regional Multiple Listing Service (CRMLS)

APN: 7260-004-005