NOT LISTED FOR SALE

Estimated Value: $951,967 - $1,029,000

2 Beds
2 Baths
1,554 Sq Ft
$639/Sq Ft Est. Value

Last Sold May 04, 2015

Last sale price $460,000 $296 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $5,891/month

23 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • Wall Furnace
  • Long Beach Polytechnic High School Rated A
  • No HOA
  • 3-minute walk to Miracle On Fourth Street Park

About This Home

As of May 2015

Remodeled Spanish Duplex nearby hipster "Retro Row," home to many wonderful local amenities including cafes, wine bars, gastro-pubs and eateries, shops and the famous Art Theater. The property consists of 2-1bedroom, 1 bath units, in addition to a separate, fully permitted, rumpus room, adjacent courtyard, and off street parking. The remodeled units include recently installed cabinets, granite counters, and appliances in each kitchen, as well as newly remodeled bathrooms with shower tubs, tile, and pedestal sinks. An ideal investment, residence, and live-work space.

Last Agent to Sell the Property

Scott Kato

Circle Real Estate License #01363148 Listed on: 02/25/2015

Circle Real Estate

Co-Listed By

Neal Thompson

Circle Real Estate License #01474466

Last Buyer's Agent

Thomas McClain

Coldwell Banker Realty License #01959548

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,150

Year Built

  • Built in 1923

Lot Details

  • 2,561 Sq Ft Lot
  • 1 Common Wall

Parking

  • 1 Parking Space

Home Design

  • Property Attached

Interior Spaces

  • 1,554 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Range
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 1
  • Assessor Parcel Number 7275015022

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $675
  • Trash Expense $300
  • Water Sewer Expense $600
  • New Taxes Expense $5,940
  • Gross Income $2,450
  • Net Operating Income $20,686

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,150

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Maintained
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Parcel Number: 7275015022
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Granite Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Levels: One
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Appliances: Gas Range, Water Heater
  • Heating Type: Wall Furnace
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 2561.00
  • Price Per Lot Square Foot: 179.62
  • Lot Size Acres: 0.0590

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 2450.00
  • Gross Scheduled Income: 29400.00
  • Insurance Expense: 675.00
  • Lot Size Area: 2561.0000 Square Feet
  • Net Operating Income: 20686.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 727.00
  • Rent Control: No
  • Total Actual Rent: 2450.00

Tax Info

  • New Taxes Expense: 5940.00
  • Tax Lot: 7
  • Tax Tract Number: 1
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2015
Closed on
Mar 23, 2015
Sold by
Mayer Lee
Bought by
Barroga Edgar
Seller's Agent
Scott Kato
Circle Real Estate
Buyer's Agent
Thomas McClain
Coldwell Banker Realty
List Price
$495,000
Sold Price
$460,000
Premium/Discount to List
-$35,000
-7.07%
Current Estimated Value
$993,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$533,742
Avg. Annual Appreciation
7.87%
Original Mortgage
$390,000
Outstanding Balance
$300,986
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$708,304

Purchase Details

Closed on
Jun 16, 2014
Sold by
Mayer Lee
Bought by
Mayer Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 20, 2012
Closed on
Oct 12, 2012
Sold by
Mayer Molly Deneher
Bought by
Mayer Lee
Seller's Agent
Scott Kato
Circle Real Estate
Buyer's Agent
Scott Kato
Circle Real Estate
Sold Price
$1,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,500
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 20, 2012
Closed on
Sep 21, 2012
Sold by
Vangold Development Llc
Bought by
Mayer Lee
Seller's Agent
Scott Kato
Circle Real Estate
Buyer's Agent
Scott Kato
Circle Real Estate
Sold Price
$1,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,500
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 15, 2012
Closed on
Jun 14, 2012
Sold by
Hsbc Bank Usa
Bought by
Vangold Development Llc
Seller's Agent
Mike Dunfee
Engel & Völkers Long Beach
Buyer's Agent
Charlotte Keith
Engel & Völkers Long Beach
List Price
$199,900
Sold Price
$200,000
Premium/Discount to List
$100
0.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.03%
Original Mortgage
$220,000
Interest Rate
3.7%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 5, 2011
Sold by
Pierre Concepcion
Bought by
Hsbc Bank Usa

Purchase Details

Closed on
Apr 24, 2003
Sold by
Pierre Chad
Bought by
Pierre Concepcion

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
6.35%

Purchase Details

Closed on
May 2, 2000
Sold by
Rocha Salvador
Bought by
Pierre Chad and Pierre Concepcion

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,593
Interest Rate
8.08%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 27, 1997
Sold by
Rocha Salvador
Bought by
Rocha Salvador and Rocha Rita

Purchase Details

Closed on
Aug 14, 1995
Sold by
Quan Larry C
Bought by
Rocha Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,454
Interest Rate
7.67%
Mortgage Type
FHA
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
Barroga Edgar $460,000 Ticor Title Co
Mayer Lee -- Fidelity National Title
Mayer Lee -- First American Title Company
Mayer Lee $278,000 First American Title Ins Co
Vangold Development Llc $200,000 First American Title Company
Hsbc Bank Usa $220,000 Accommodation
Pierre Concepcion -- Security Union Title
Pierre Chad $172,000 South Coast Title
Rocha Salvador -- --
Rocha Salvador $78,000 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barroga Edgar $390,000
Previous Owner Mayer Lee $260,000
Previous Owner Mayer Lee $208,500
Previous Owner Vangold Development Llc $220,000
Previous Owner Pierre Concepcion $28,000
Previous Owner Pierre Concepcion $400,000
Previous Owner Pierre Concepcion $369,000
Previous Owner Pierre Concepcion $256,000
Previous Owner Pierre Chad $170,593
Previous Owner Rocha Salvador $77,454
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2015 05/04/15 Sold $460,000 -7.1% $296 / Sq Ft
03/20/2015 03/20/15 Pending -- -- --
02/25/2015 02/25/15 For Sale $495,000 0.0% $319 / Sq Ft
08/30/2012 08/30/12 Rented $1,100 0.0% --
08/30/2012 08/30/12 Under Contract -- -- --
07/20/2012 07/20/12 For Rent $1,100 0.0% --
06/27/2012 06/27/12 Sold $200,000 +0.1% $129 / Sq Ft
05/31/2012 05/31/12 Pending -- -- --
05/15/2012 05/15/12 For Sale $199,900 -- $129 / 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 $7,150 $552,842 $360,551 $192,291
2024 $7,150 $542,003 $353,482 $188,521
2023 $7,029 $531,376 $346,551 $184,825
2022 $6,600 $520,957 $339,756 $181,201
2021 $6,466 $510,744 $333,095 $177,649
2019 $6,374 $495,597 $323,216 $172,381
2018 $6,189 $485,880 $316,879 $169,001
2016 $5,693 $467,015 $304,575 $162,440
2015 $3,494 $284,841 $153,691 $131,150
2014 -- $279,262 $150,681 $128,581
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15040333

California Regional Multiple Listing Service (CRMLS)

APN: 7275-015-022