NOT LISTED FOR SALE

Estimated Value: $1,128,000 - $1,246,706

5 Beds
5 Baths
2,981 Sq Ft
$395/Sq Ft Est. Value

Last Sold June 12, 2018

Last sale price $757,500 $254 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $7,105/month

12 Days on Market

Highlights

  • Side by Side Parking
  • Laundry Room
  • Front Yard
  • Long Beach Polytechnic High School Rated A
  • 2 Car Garage

About This Home

As of June 2018

Huge potential in this 3,000 sq ft Pine Ave fourplex. 2 Bedroom 2.5 bath Craftsman style home with hardwood floors and inside laundry hook-ups in front with three 1 bedroom 1 bath apartments at the back of this 7.5k lot. Current rents are well below market. With a little TLC, there is amazing potential for an owner occupant or knowledgeable investor. Minutes from Downtown, Pine Ave restaurant row, Shoreline and the Grand Prix.

Last Agent to Sell the Property

Nicholas Cotton

Keller Williams Coastal Prop. License #01179001 Listed on: 04/02/2018

Co-Listed By

Cheryl Cotton

Y Realty License #00860384

Last Buyer's Agent

Laura Burresch

Centermac Realty, Inc. License #02038730

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,534 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • 6 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Side by Side Parking
  • Single Garage Door
  • Assigned Parking

Home Design

  • 2,981 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 5754
  • Assessor Parcel Number 7269009006

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $42,500
  • Net Operating Income $65,220

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Unknown
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Parcel Number: 7269009006
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 254.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Concrete, Garage, Garage Faces Rear, Garage - Single Door, On Site, Private, Side by Side, Uncovered
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard
  • Lot Size Sq Ft: 7534.00

Multi Family

  • Gross Income: 42500.00
  • Gross Multiplier: 11.50
  • Gross Scheduled Income: 65220.00
  • Net Operating Income: 65220.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: No
  • Total Actual Rent: 3550.00

Tax Info

  • Tax Census Tract: 5754.02
  • Tax Lot: 18
  • Tax Tract Number: 5754

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2018
Closed on
Apr 23, 2018
Sold by
Ann Rals George Scott and Ann Moorais Dee
Bought by
Sugano Brnadon and Kim Soo Hyun
Seller's Agent
Nicholas Cotton
Keller Williams Coastal Prop.
Buyer's Agent
Laura Burresch
Centermac Realty, Inc.
List Price
$750,000
Sold Price
$757,500
Premium/Discount to List
$7,500
1%
Current Estimated Value
$1,178,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$420,927
Avg. Annual Appreciation
6.02%
Original Mortgage
$606,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 8, 2014
Closed on
Jan 5, 2015
Sold by
Tabares Carlos A
Bought by
Rais George Scott and Rais Dee Ann
Seller's Agent
Jairo Tabares
Global Real Estate Mgmt Inc.
Buyer's Agent
Jairo Tabares
Global Real Estate Mgmt Inc.
List Price
$589,888
Sold Price
$589,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.73%
Original Mortgage
$409,888
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2000
Sold by
The Restoration Foundation
Bought by
Tabares Carlos A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,137
Interest Rate
7.08%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 15, 2000
Sold by
Hud
Bought by
The Restoration Foundation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,200
Interest Rate
8.37%

Purchase Details

Closed on
Apr 7, 2000
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Nov 3, 1999
Sold by
Demaria Quintal Maria and Demaria Espino Milagro
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Oct 25, 1998
Sold by
Demaria Quintal Maria and Demaria Espino Milagro
Bought by
Espino Trinidad

Purchase Details

Closed on
Jun 16, 1997
Sold by
Quintal Maria and Perez Fernando E
Bought by
Espino Milagro Demaria

Purchase Details

Closed on
Jul 8, 1996
Sold by
Sanchez Palemon
Bought by
Demaria Quintal Maria and Demaria Espino Milagro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,060
Interest Rate
8.03%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 22, 1996
Sold by
Great Western Bank Fsb
Bought by
Sanchez Palemon

Purchase Details

Closed on
Nov 6, 1995
Sold by
Murdoch Scott L and Murdoch Dorothy L
Bought by
Great Western Bank Fsb

Purchase Details

Closed on
Apr 25, 1995
Sold by
Boulder Housing
Bought by
Murdoch Scott L

Purchase Details

Closed on
Jul 5, 1994
Sold by
Murdoch Scott L
Bought by
Boulder Housing Lp

Purchase Details

Closed on
Sep 16, 1993
Sold by
Murdoch Dorothy L
Bought by
Murdoch Scott L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sugano Brnadon $765,000 Fidelity National Title Comp
Rais George Scott $590,000 Stewart Title Of Ca Inc
Tabares Carlos A $250,000 --
The Restoration Foundation $183,000 New Century Title Company
Hud -- Benefit Land Title Ins Co
Countrywide Home Loans Inc $221,498 --
Espino Trinidad -- --
Espino Milagro Demaria -- --
Demaria Quintal Maria $195,000 Commonwealth Land Title
Sanchez Palemon $96,000 First American Title Co
Great Western Bank Fsb $56,154 Chicago Title Co
Murdoch Scott L -- --
Boulder Housing Lp -- --
Murdoch Scott L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sugano Brnadon $606,000
Previous Owner Rais George Scott $409,888
Previous Owner Tabares Carlos A $246,137
Previous Owner The Restoration Foundation $137,200
Previous Owner Demaria Quintal Maria $189,060
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/12/2018 06/12/18 Sold $757,500 +1.0% $254 / Sq Ft
04/14/2018 04/14/18 Pending -- -- --
04/02/2018 04/02/18 For Sale $750,000 +27.1% $252 / Sq Ft
02/03/2015 02/03/15 Sold $589,888 0.0% $198 / Sq Ft View Prior Sale
01/10/2015 01/10/15 Pending -- -- --
10/08/2014 10/08/14 For Sale $589,888 -- $198 / 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 $11,404 $870,435 $341,347 $529,088
2024 $11,404 $853,368 $334,654 $518,714
2023 $11,209 $836,637 $328,093 $508,544
2022 $10,531 $820,233 $321,660 $498,573
2021 $10,311 $804,151 $315,353 $488,798
2020 $10,284 $796,286 $312,120 $484,166
2019 $10,163 $780,680 $306,000 $474,680
2018 $8,198 $623,574 $264,065 $359,509
2017 $8,112 $610,976 $258,888 $352,088
2016 $7,541 $598,997 $253,812 $345,185
2015 $4,134 $313,433 $175,524 $137,909
2014 $4,127 $307,294 $172,086 $135,208
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18069651

California Regional Multiple Listing Service (CRMLS)

APN: 7269-009-006