NOT LISTED FOR SALE

Estimated Value: $738,000 - $920,000

4 Beds
2 Baths
1,495 Sq Ft
$551/Sq Ft Est. Value

Last Sold March 07, 2016

Last sale price $480,000 $321 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $5,113/month

136 Days on Market

Highlights

  • Property is near a park
  • Granite Countertops
  • No HOA
  • Long Beach Polytechnic High School Rated A
  • Private Yard
  • Beamed Ceilings

About This Home

As of March 2016

Wow, completely renovated duplex in high demand rental area. Each home has 2 bedrooms and 1 bathroom. Open floor plan. Laminate wood through out, granite counter top, new vanity in bathrooms. Plenty of parking with a 2 car garage and parking spaces. There is a shed for storage.

Last Agent to Sell the Property

Dara Chay

Sky View Real Estate License #01217793 Listed on: 09/11/2015

Last Buyer's Agent

NoEmail NoEmail

Outside Area Listings License #N/A

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,438

Year Built

  • Built in 1922 | Remodeled

Lot Details

  • 6,079 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Block Wall Fence
  • Fence is in fair condition
  • No Landscaping
  • Private Yard
  • Front Yard
  • Density is 11-15 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway
  • Uncovered Parking

Home Design

  • Bungalow
  • Turnkey
  • Interior Block Wall
  • Composition Roof
  • Wood Siding
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 1,495 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Double Pane Windows
  • Blinds
  • Window Screens
  • Living Room
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Exterior Lighting
  • Shed
  • Rain Gutters

Location

  • Property is near a park
  • Urban Location

Utilities

  • Wall Furnace
  • Gas Water Heater
  • Cable TV Available
  • TV Antenna

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 23
  • Tax Tract Number 4329
  • Assessor Parcel Number 7261003023

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Pest Control $90
  • Trash Expense $480
  • Water Sewer Expense $1,175
  • New Taxes Expense $5,845
  • Gross Income $2,300
  • Net Operating Income $18,910

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,438

Year Built

Built in 1922 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 1175.00
  • Architectural Style: Bungalow
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7261003023
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Beamed Ceilings, Block Walls, Granite Counters, Copper Plumbing Partial, Unfurnished
  • Stories: 1
  • Common Walls: No Common Walls
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 321.07
  • Room Type: All Bedrooms Down, Living Room
  • Window Features: Blinds, Double Pane Windows, Screens

Exterior Features

  • Other Structures: Shed(s)
  • Exterior Features: TV Antenna
  • Fencing: Block, Fair Condition, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway, Garage, Uncovered
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Available, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop, Gas Water Heater, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 90.00
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Street Lights, Storm Drains, Urban

Lot Info

  • Lot Features: 11-15 Units/Acre, Front Yard, No Landscaping, Park Nearby, Yard
  • Lot Size Sq Ft: 6079.00
  • Price Per Lot Square Foot: 78.96
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 2300.00
  • Gross Scheduled Income: 27600.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 6079.0000 Square Feet
  • Net Operating Income: 18910.00
  • 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 Disposal: 2
  • Number With Range: 2
  • Operating Expense: 8690.00
  • Rent Control: No
  • Total Actual Rent: 2300.00

Tax Info

  • New Taxes Expense: 5845.00
  • Taxes Percent: 1.17
  • Tax Lot: 23
  • Tax Tract Number: 4329

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2021
Sold by
Chou Brian and Chou Jaimie
Bought by
Chou Brian and Chou Jaimie
Current Estimated Value
$824,454

Purchase Details

Listed on
Sep 11, 2015
Closed on
Feb 22, 2016
Sold by
Narath Chea Ratha and Narath Run
Bought by
Chou Brian S and Chou Jaimie S
Seller's Agent
Dara Chay
Sky View Real Estate
Buyer's Agent
NoEmail NoEmail
Outside Area Listings
List Price
$499,750
Sold Price
$480,000
Premium/Discount to List
-$19,750
-3.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.81%
Original Mortgage
$360,000
Outstanding Balance
$287,212
Interest Rate
3.81%
Mortgage Type
New Conventional
Estimated Equity
$531,956

Purchase Details

Closed on
May 18, 2011
Sold by
Chitamanth Yuthya
Bought by
Narath Chea Ratha and Narath Run

Purchase Details

Closed on
Jun 23, 2010
Sold by
Iab Salee Sae
Bought by
Chitamanth Yuthya

Purchase Details

Closed on
Mar 30, 2007
Sold by
Buntoum Kham
Bought by
Iab Salee Sae

Purchase Details

Closed on
Jul 18, 2006
Sold by
Chitamnath Yuthya
Bought by
Buntoum Kham

Purchase Details

Closed on
Apr 17, 2006
Sold by
Mouk Phean K
Bought by
Chitamnath Yuthya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 16, 2006
Sold by
Bonsynat Somchet
Bought by
Chitamnath Yuthya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 9, 2005
Sold by
Plong Savanna
Bought by
Bonsynat Somchet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 2004
Sold by
El Leng Mackenly and El Leng Simone
Bought by
Plong Savanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
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
Chou Brian -- None Available
Chou Brian -- None Available
Chou Brian S $480,000 Chicago Title Company
Narath Chea Ratha $220,000 Lawyers Title Company
Chitamanth Yuthya -- None Available
Iab Salee Sae -- Accommodation
Buntoum Kham -- None Available
Chitamnath Yuthya -- None Available
Chitamnath Yuthya $550,000 Investors Title Company
Bonsynat Somchet -- Fidelity National Title Co
Plong Savanna $305,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chou Brian S $360,000
Previous Owner Chitamnath Yuthya $412,000
Previous Owner Bonsynat Somchet $400,000
Previous Owner Bonsynat Somchet C $40,000
Previous Owner Plong Savanna $244,000
Closed Plong Savanna $61,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2016 03/07/16 Sold $480,000 -4.0% $321 / Sq Ft
01/25/2016 01/25/16 Pending -- -- --
09/11/2015 09/11/15 For Sale $499,750 -- $334 / 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 $7,438 $568,215 $390,649 $177,566
2024 $7,438 $557,075 $382,990 $174,085
2023 $7,314 $546,153 $375,481 $170,672
2022 $6,873 $535,445 $368,119 $167,326
2021 $6,736 $524,947 $360,901 $164,046
2020 $6,719 $519,565 $357,201 $162,364
2019 $6,642 $509,379 $350,198 $159,181
2018 $6,365 $499,392 $343,332 $156,060
2016 $3,060 $238,094 $162,338 $75,756
2015 $2,941 $234,519 $159,900 $74,619
2014 $2,931 $229,926 $156,768 $73,158
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15200893

California Regional Multiple Listing Service (CRMLS)

APN: 7261-003-023