NOT LISTED FOR SALE

Estimated Value: $1,710,615 - $1,880,000

10 Beds
6 Baths
4,961 Sq Ft
$362/Sq Ft Est. Value

Last Sold August 06, 2016

Last sale price $940,000 $189 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $10,608/month

113 Days on Market

Highlights

  • Private Yard
  • Long Beach Polytechnic High School Rated A
  • Parking Storage or Cabinetry

About This Home

As of August 2016

Money Maker Right off the BAT!!! 7.1 CAP Rate, 11.81 GRM!!!!!!! This is the property for you or your buyers. Newly remodeled Kitchen and Bathrooms in all 6 Units!! 4 garages off the rear alley along with additional storage in the common area.

4x 2 Bedroom & 1 Bath
2x 1 Bedroom & 1 Bath
5x Individual Electrical Meters
6x Individual Water Meters
6x Individual Gas Meters


Will go very quick!!!

Last Agent to Sell the Property

Danny Stojakovic

Coldwell Banker Envision License #01948130 Listed on: 03/15/2016

Coldwell Banker Envision

Last Buyer's Agent

Olga Wright

Lyon Stahl Investment Real Estate, Inc. License #01315042

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 7,527 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Private Yard

Parking

  • 4 Car Garage
  • Parking Storage or Cabinetry
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 4,961 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, repairs, water
  • Tax Lot 20
  • Tax Tract Number 5754
  • Assessor Parcel Number 7269009008

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 5 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Insurance Expense $2,206
  • Trash Expense $45
  • Water Sewer Expense $32
  • New Taxes Expense $7,747
  • Operating Expense $13,328
  • Gross Income $400
  • Net Operating Income $67,119

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Parking

4

Listing Details

  • CapRate: 7.10
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 32.00
  • Property Type: Residential Income
  • Parcel Number: 7269009008
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 189.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Built-In Storage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 45.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 7527.00
  • Price Per Lot Square Foot: 126.21
  • Lot Size Acres: 0.1730

Rental Info

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

Multi Family

  • Gross Income: 400.00
  • Gross Multiplier: 11.81
  • Gross Scheduled Income: 80448.00
  • Insurance Expense: 2206.00
  • Lot Size Area: 7527.0000 Square Feet
  • Net Operating Income: 67119.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 13328.00
  • Rent Control: No
  • Total Expenses: 13328.00

Tax Info

  • New Taxes Expense: 7747.00
  • Tax Lot: 20
  • Tax Tract Number: 5754.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2016
Closed on
Jun 17, 2016
Sold by
D Benz Llc
Bought by
Hiyoshi Irene S and The Gomez Revocable Real Prope
Seller's Agent
Danny Stojakovic
Coldwell Banker Envision
Buyer's Agent
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
List Price
$950,000
Sold Price
$940,000
Premium/Discount to List
-$10,000
-1.05%
Current Estimated Value
$1,795,308

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$855,308
Avg. Annual Appreciation
7.13%
Original Mortgage
$697,500
Outstanding Balance
$560,496
Interest Rate
3.87%
Mortgage Type
Commercial
Estimated Equity
$1,234,812

Purchase Details

Closed on
Jun 2, 2010
Sold by
Stojakovic Danny
Bought by
D Benz Llc

Purchase Details

Closed on
Dec 13, 2007
Sold by
D Benz Inc
Bought by
Stojakovic Danny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
6.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 2005
Sold by
Nedeljov Aleksander
Bought by
D Benz Inc

Purchase Details

Closed on
Nov 24, 2004
Sold by
Hrs Investment Group Llc
Bought by
Nedeljov Aleksander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
5.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 14, 2004
Sold by
Hp & Rp Investment Group Llc
Bought by
Hrs Investment Group Llc

Purchase Details

Closed on
May 25, 2004
Sold by
Khoshbin Manuchehr and Nabavian Neda
Bought by
Pashaee Ramin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
6.24%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 11, 2003
Sold by
Reyes Flor Demaria
Bought by
Reyes Jose R

Purchase Details

Closed on
May 20, 2003
Sold by
Reyes Jose R
Bought by
Khoshbin Manuchehr and Nabavian Neda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,500
Interest Rate
6.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 8, 1998
Sold by
Reyes Mario A and Reyes Jose R
Bought by
Reyes Jose R

Purchase Details

Closed on
Aug 23, 1995
Sold by
Jordan Swanberg Georgia
Bought by
Sanchez Palemon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,400
Interest Rate
7.83%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hiyoshi Irene S $930,000 Title 365
D Benz Llc -- Accommodation
Stojakovic Danny -- Ticor Title Tustin Orange Co
D Benz Inc -- --
Nedeljov Aleksander $700,000 First American Title Co
Hrs Investment Group Llc -- Ticor Title Company Of Calif
Hp & Sa Investment Group Llc -- Ticor Title Company Of Calif
Hp & Rp Investment Group Llc -- Ticor Title Company Of Calif
Pashaee Hamid -- Ticor Title Company Of Calif
Pashaee Ramin -- Ticor Title Company Of Calif
Pashaee Ramin $640,000 Fatcola
Reyes Jose R -- First American Title Co
Khoshbin Manuchehr $426,000 First American Title Co
Reyes Jose R -- --
Sanchez Palemon $128,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hiyoshi Irene S $697,500
Previous Owner Stojakovic Danny $595,000
Previous Owner Nedeljov Aleksander $490,000
Previous Owner Pashaee Ramin $448,000
Previous Owner Khoshbin Manuchehr $290,500
Previous Owner Sanchez Palemon $102,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2016 08/06/16 Sold $940,000 -1.1% $189 / Sq Ft
03/15/2016 03/15/16 For Sale $950,000 -- $191 / 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 $14,425 $1,079,339 $348,173 $731,166
2024 $14,425 $1,058,177 $341,347 $716,830
2023 $14,178 $1,037,429 $334,654 $702,775
2022 $13,326 $1,017,089 $328,093 $688,996
2021 $13,038 $997,147 $321,660 $675,487
2019 $12,852 $967,572 $312,120 $655,452
2018 $12,449 $948,600 $306,000 $642,600
2016 $10,523 $832,181 $554,789 $277,392
2015 $9,440 $760,000 $506,700 $253,300
2014 $7,748 $600,000 $400,000 $200,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16054435

California Regional Multiple Listing Service (CRMLS)

APN: 7269-009-008