NOT LISTED FOR SALE

Estimated Value: $1,112,000 - $1,264,000

8 Beds
4 Baths
2,100 Sq Ft
$566/Sq Ft Est. Value

Last Sold September 08, 2016

Last sale price $675,000 $321 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $7,364/month

8 Days on Market

Highlights

  • Open Floorplan
  • Secluded Lot
  • Up Slope from Street
  • Long Beach Polytechnic High School Rated A
  • Granite Countertops
  • Living Room

About This Home

As of September 2016

This is a great investment for first-time investor or seasoned investors! All units have upgraded flooring, kitchen cabinets, counters, bathroom fixtures, & interior and exterior paint. Each unit has 2-assigned (open) parking spots, recently re-painted parking stalls, railing, renovated fencing, new storage area with locked door/gate. Property is located down a secluded alley behind the Beauty Salon where Rose St meets 10th St. located West of Cherry Ave.

Last Agent to Sell the Property

Rick Martinez

Quartz Realty Inc License #01496114 Listed on: 07/18/2016

Last Buyer's Agent

Jeff Chonis

Buckingham Investments, Inc. License #01804283

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,325

Year Built

  • Built in 1957 | Remodeled

Lot Details

  • 4,702 Sq Ft Lot
  • Lot Dimensions are 55'x86'
  • Property fronts an alley
  • Two or More Common Walls
  • No Landscaping
  • Secluded Lot
  • Rectangular Lot

Home Design

  • Property Attached
  • Turnkey
  • Cosmetic Repairs Needed
  • Slab Foundation

Interior Spaces

  • 2,100 Sq Ft Home
  • Open Floorplan
  • Living Room

Kitchen

  • Gas Oven
  • Gas Range
  • Granite Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 16 Parking Spaces
  • Parking Available
  • Up Slope from Street
  • Assigned Parking

Utilities

  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance, water
  • Tax Lot 3
  • Tax Tract Number 5764
  • Assessor Parcel Number 7267012040

Community Details

Pet Policy

  • Pets Allowed

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $780
  • Insurance Expense $1,020
  • Professional Management Expense $2,700
  • Water Sewer Expense $600
  • New Taxes Expense $6,700
  • Gross Income $3,400
  • Net Operating Income $40,800

Additional Features

  • 4 Units
  • Picnic Area

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,325

Year Built

Built in 1957 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.25
  • Professional Management Expense: 2700.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Water Sewer Expenses: 600.00
  • Property Condition: Repairs Cosmetic, Updated/Remodeled, Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7267012040
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Granite Counters, Open Floorplan
  • Entry Location: Ground Level No Steps
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 321.43
  • Room Type: Living Room

Exterior Features

  • Foundation: Slab, FHA Approved
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Electricity Available, Sewer Available
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Oven, Gas Range, Gas Water Heater
  • Heating Type: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Pets Permitted, Picnic Area
  • Community Features: Curbs, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Rectangular Lot, No Landscaping, Secluded, Up Slope from Street
  • Lot Size: 55'x86'
  • Lot Size Sq Ft: 4702.00
  • Price Per Lot Square Foot: 143.56

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance, Water

Multi Family

  • Average2 Bed Area: 525
  • Electric Expense: 780.00
  • Gross Income: 3400.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 1020.00
  • Net Operating Income: 40800.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 4800.00
  • Rent Control: No
  • Total Actual Rent: 3875.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 6700.00
  • Tax Lot: 3
  • Tax Tract Number: 5764.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2020
Sold by
Pirich Michael and Pirich Jennifer
Bought by
Pirich Michael and Pirich Jennifer
Total Days on Market
8
Current Estimated Value
$1,187,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 18, 2016
Closed on
Oct 3, 2016
Sold by
Pirich Michael
Bought by
Pirich Michael and Pirich Jennifer
Seller's Agent
Rick Martinez
Quartz Realty Inc
Buyer's Agent
Jeff Chonis
Buckingham Investments, Inc.
List Price
$669,900
Sold Price
$675,000
Premium/Discount to List
$5,100
0.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.54%
Original Mortgage
$506,250
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 18, 2016
Closed on
Aug 30, 2016
Sold by
Hoffman & Williams Tenth St Long Beach L
Bought by
Pirich Michael
Seller's Agent
Rick Martinez
Quartz Realty Inc
Buyer's Agent
Jeff Chonis
Buckingham Investments, Inc.
List Price
$669,900
Sold Price
$675,000
Premium/Discount to List
$5,100
0.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 18, 2016
Closed on
Jul 24, 2016
Sold by
Pirich Jennifer Lyn
Bought by
Pirich Michael
Seller's Agent
Rick Martinez
Quartz Realty Inc
Buyer's Agent
Jeff Chonis
Buckingham Investments, Inc.
List Price
$669,900
Sold Price
$675,000
Premium/Discount to List
$5,100
0.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2015
Sold by
Williams Patrick
Bought by
Hoffman & Williams Tenth St Long Beach L

Purchase Details

Closed on
May 15, 2015
Sold by
Hoffman & William Tenth St Long Beach Ll
Bought by
Williams Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2013
Sold by
Hoffman Brandon
Bought by
Hoffman & Williams Tenth St Long Beach L

Purchase Details

Closed on
Oct 24, 2012
Sold by
Ingram Thomas Paul
Bought by
Hoffman Brandon and Williams Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,150
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 19, 2009
Sold by
Festejo Ingram Twila Ann
Bought by
Ingram Thomas Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
4.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2009
Sold by
Gallegos Gonzalo
Bought by
Ingram Thomas Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
4.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 6, 2005
Sold by
Ramirez Marcos
Bought by
Gallegos Gonzalo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$553,500
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 11, 2005
Sold by
Garcia Amalia
Bought by
Ramirez Marcos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,600
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 29, 2004
Sold by
Ward Patrick
Bought by
Ramirez Marcos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,600
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 3, 2002
Sold by
Marrujo Ernest
Bought by
Ward Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
6.75%

Purchase Details

Closed on
Aug 16, 2001
Sold by
Hud
Bought by
Marrujo Ernest and Marrujo Gudelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.75%

Purchase Details

Closed on
May 17, 2000
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
May 16, 2000
Sold by
Benson Eric
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Aug 21, 1998
Sold by
Elly Shalom
Bought by
Benson Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,825
Interest Rate
6.6%
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
Pirich Michael -- Ticor Title Company Of Ca
Pirich Michael -- None Available
Pirich Michael $675,000 Pacific Coast Title Company
Pirich Michael -- Pacific Coast Title Company
Hoffman & Williams Tenth St Long Beach L -- None Available
Williams Patrick -- Orange Coast Title Company
Hoffman & Williams Tenth St Long Beach L -- None Available
Hoffman Brandon $385,000 Equity Title Orange County-I
Ingram Thomas Paul -- First American Title Company
Ingram Thomas Paul $350,000 First American Title Company
Gallegos Gonzalo $630,000 Ticor Title Co
Ramirez Marcos -- Lawyers Title
Ramirez Marcos $532,000 Lawyers Title
Ward Patrick $355,000 Commonwealth Land Title Co
Marrujo Ernest $175,000 First Southwestern Title Co
Hud -- Landsafe Title
Countrywide Home Loans Inc $152,753 Landsafe Title
Benson Eric $146,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pirich Michael $640,500
Closed Pirich Michael $630,000
Closed Pirich Michael $506,250
Previous Owner Williams Patrick $412,500
Previous Owner Hoffman Brandon $372,150
Previous Owner Ingram Thomas Paul $262,500
Previous Owner Gallegos Gonzalo $553,500
Previous Owner Ramirez Marcos $425,600
Previous Owner Ward Patrick $284,000
Previous Owner Ward Patrick $35,500
Previous Owner Ward Patrick $284,000
Previous Owner Marrujo Ernest $140,000
Previous Owner Benson Eric $143,825
Closed Ramirez Marcos $53,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2016 09/08/16 Sold $675,000 +0.8% $321 / Sq Ft
07/26/2016 07/26/16 Pending -- -- --
07/18/2016 07/18/16 For Sale $669,900 +74.0% $319 / Sq Ft
01/15/2013 01/15/13 Sold $385,000 +2.7% $179 / Sq Ft
11/04/2012 11/04/12 Pending -- -- --
04/16/2012 04/16/12 For Sale $375,000 0.0% $174 / Sq Ft
02/29/2012 02/29/12 Sold $375,000 -1.1% $174 / Sq Ft
02/13/2012 02/13/12 Pending -- -- --
02/17/2011 02/17/11 For Sale $379,000 -- $176 / 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 $10,325 $783,389 $545,472 $237,917
2024 $10,325 $768,029 $534,777 $233,252
2023 $10,147 $752,971 $524,292 $228,679
2022 $9,532 $738,208 $514,012 $224,196
2021 $9,336 $723,734 $503,934 $219,800
2019 $9,204 $702,270 $488,988 $213,282
2018 $8,910 $688,500 $479,400 $209,100
2016 $5,182 $400,488 $280,862 $119,626
2015 $4,982 $394,474 $276,644 $117,830
2014 -- $386,747 $271,225 $115,522
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16156706

California Regional Multiple Listing Service (CRMLS)

APN: 7267-012-040