NOT LISTED FOR SALE

Estimated Value: $809,653 - $886,000

4 Beds
2 Baths
1,500 Sq Ft
$564/Sq Ft Est. Value

Last Sold July 13, 2015

Last sale price $432,000 $288 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $5,065/month

31 Days on Market

About This Home

As of July 2015

Don't miss this incredible investment opportunity to own this duplex. Located on a nice tree lined street in a desirable North Long Beach neighborhood. Why rent when you could live in one and rent the other or keep both rented for instant income! One building with 2 good sized separate units with only 1 shared wall. 2 Separate meters. Each unit has 750 sq.ft. of living space with 2 good sized bedrooms and 1 full bathroom each. Large 6852 sq. ft. Lot. Nicely landscaped front and side yard. Fenced backyard with plenty of room to enjoy the wonderful California weather. Great for outdoor entertaining and family BBQ's. Each unit is currently leased out and tenants would like to stay. Tenants pay for their own Cable, Electric and Gas. Easy access to major freeways; 405,91,710. Near shopping, grocery stores, schools, parks, and houses of worship. Bret Harte Elementary School is just a block away. Hurry, this one will not last at this price!! Call today.

Last Agent to Sell the Property

Miki Singer

Coldwell Banker Realty License #01357452 Listed on: 06/07/2015

Coldwell Banker Realty

Last Buyer's Agent

Theary Sim-ieng

California Financial & RE Ctr License #01117816

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,946

Year Built

  • Built in 1944

Lot Details

  • 6,852 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • 1,500 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 37
  • Tax Tract Number 12885
  • Assessor Parcel Number 7128026029

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $840
  • Insurance Expense $1,800
  • Trash Expense $300
  • Water Sewer Expense $600
  • New Taxes Expense $2,377
  • Gross Income $2,300
  • Net Operating Income $21,683

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,946

Year Built

Built in 1944

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 7128026029
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 288.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Sewer Paid
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Back Yard
  • Lot Size Sq Ft: 6852.00
  • Price Per Lot Square Foot: 63.05
  • Lot Size Acres: 0.1570

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 2300.00
  • Gross Scheduled Income: 27600.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 6852.0000 Square Feet
  • Net Operating Income: 21683.00
  • 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: 5917.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2377.00
  • Tax Lot: 37
  • Tax Tract Number: 12885
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2015
Closed on
Jun 22, 2015
Sold by
Ross Matt
Bought by
Ourng Yoeun and Ourng Irene
Seller's Agent
Miki Singer
Coldwell Banker Realty
Buyer's Agent
Theary Sim-ieng
California Financial & RE Ctr
List Price
$425,000
Sold Price
$432,000
Premium/Discount to List
$7,000
1.65%
Current Estimated Value
$846,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$414,163
Avg. Annual Appreciation
6.28%
Original Mortgage
$302,400
Outstanding Balance
$236,206
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$569,073

Purchase Details

Closed on
Nov 15, 1996
Sold by
Ross David G and Ross Esther
Bought by
Ross David G and Ross Esther
Source: Public Records

Range of Values:

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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
Ourng Yoeun $432,000 Chicago Title Company
Ross David G -- --
Ross David G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ourng Yoeun $302,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2015 07/13/15 Sold $432,000 +1.6% $288 / Sq Ft
06/19/2015 06/19/15 Pending -- -- --
05/19/2015 05/19/15 For Sale $425,000 -- $283 / 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 $6,946 $511,392 $274,636 $236,756
2024 $6,946 $501,365 $269,251 $232,114
2023 $6,591 $491,535 $263,972 $227,563
2022 $6,192 $481,898 $258,797 $223,101
2021 $6,067 $472,450 $253,723 $218,727
2019 $5,982 $458,440 $246,199 $212,241
2018 $5,766 $449,452 $241,372 $208,080
2016 $5,306 $432,000 $232,000 $200,000
2015 $2,382 $184,428 $96,008 $88,420
2014 $2,377 $180,816 $94,128 $86,688
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15106923

California Regional Multiple Listing Service (CRMLS)

APN: 7128-026-029