J
Seller's Agent in 2018
Jack Levis
CBRE Inc.
1738 Walnut Ave Long Beach, CA 90813
Central NeighborhoodEstimated Value: $1,211,000 - $1,578,000
8
Beds
4
Baths
3,740
Sq Ft
$390/Sq Ft
Est. Value
Highlights
- Laundry Room
- Long Beach Polytechnic High School Rated A
- 4-minute walk to Chittick Field
About This Home
As of June 2018Located directly across the street from Whittier Elementary School, this four unit, all 2-bedroom units (935 square feet each) is a fantastic stable rental property. The owner has maintained the building professionally and has no deferred maintenance. There is parking onsite and huge rental upside.
**Drive by only. Do not disturb tenants.**
Last Agent to Sell the Property
Jack Levis
CBRE Inc. License #01886278 Listed on: 04/17/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,426
Year Built
- Built in 1966
Lot Details
- 5,852 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- 3,740 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
Parking
- 4 Parking Spaces
- 4 Carport Spaces
- Parking Available
- Assigned Parking
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Tax Lot 11
- Tax Tract Number 2
- Assessor Parcel Number 7261001006
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $491
- Gardener Expense $600
- Insurance Expense $1,203
- Maintenance Expense $2,000
- Water Sewer Expense $1,726
- New Taxes Expense $12,814
- Operating Expense $19,384
- Gross Income $62,400
- Net Operating Income $43,016
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 17, 2018
Closed on
May 18, 2018
Sold by
Isom La Monte H
Bought by
Sidhu Jasmin
Seller's Agent
Jack Levis
CBRE Inc.
Buyer's Agent
Sam Sidhu
Rockview Inc.
List Price
$995,000
Sold Price
$975,000
Premium/Discount to List
-$20,000
-2.01%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$485,143
Avg. Annual Appreciation
5.53%
Original Mortgage
$780,000
Outstanding Balance
$677,481
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$758,105
Purchase Details
Closed on
Dec 22, 1993
Sold by
Isom La Monte H
Bought by
Isom La Monte H
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sidhu Jasmin | $975,000 | First American Title Company | |
| Isom La Monte H | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sidhu Jasmin | $780,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/29/2018 06/29/18 | Sold | $975,000 | -2.0% | $261 / Sq Ft |
| 05/29/2018 05/29/18 | Pending | -- | -- | -- |
| 04/17/2018 04/17/18 | For Sale | $995,000 | -- | $266 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $14,426 | $1,109,379 | $682,696 | $426,683 |
| 2024 | $14,426 | $1,087,627 | $669,310 | $418,317 |
| 2023 | $14,183 | $1,066,302 | $656,187 | $410,115 |
| 2022 | $13,321 | $1,045,395 | $643,321 | $402,074 |
| 2021 | $13,047 | $1,024,898 | $630,707 | $394,191 |
| 2019 | $12,862 | $994,500 | $612,000 | $382,500 |
| 2018 | $2,501 | $149,252 | $33,417 | $115,835 |
| 2016 | $2,287 | $143,458 | $32,120 | $111,338 |
| 2015 | $2,211 | $141,304 | $31,638 | $109,666 |
| 2014 | $2,221 | $138,537 | $31,019 | $107,518 |
Source: Public Records
Agents Affiliated with this Home
-
-
Sam Sidhu
S
Buyer's Agent in 2018
Sam Sidhu
Rockview Inc.
(310) 517-9081
3 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18088205
APN: 7261-001-006
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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