NOT LISTED FOR SALE

Estimated Value: $1,247,549 - $1,614,000

11 Beds
6 Baths
4,296 Sq Ft
$325/Sq Ft Est. Value

Last Sold September 03, 2015

Last sale price $715,000 $166 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $8,248/month

282 Days on Market

Highlights

  • No HOA
  • Long Beach Polytechnic High School Rated A
  • Carpet

About This Home

As of September 2015

BEAUTIFUL FOURPLEX IN LONG BEACH. BUILT IN 1963. GREAT INVESTMENT! TWO SEPARATE BUILDINGS. FRONT BUILDING INCLUDE 2 UNITS: 4 BEDS/ 2BATHS AND 3 BEDS /2 BATHS. BACK BUILDING INCLUDE 2 UNITS: 2 BEDS/1 BATH. CURRENT RENTS ARE A LITTLE BELOW MARKET. LONG TERM TENANTS. EACH UNIT HAS THEIR OWN ELECTRIC METER, GAS METER AND WATER METER. CLOSE TO POLY HIGH.

Last Agent to Sell the Property

Lisa Nguyen

Ana Real Estate License #01384832 Listed on: 10/20/2014

Co-Listed By

Diane Vuong

Ana Real Estate License #01800308

Last Buyer's Agent

Lisa Nguyen

Ana Real Estate License #01384832 Listed on: 10/20/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,870 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 6 Parking Spaces

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 4,296 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 19
  • Assessor Parcel Number 7269035017

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,250
  • Trash Expense $600
  • Water Sewer Expense $2,040
  • New Taxes Expense $10,800
  • Gross Income $4,550
  • Net Operating Income $39,910

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2040.00
  • Property Type: Residential Income
  • Parcel Number: 7269035017
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 166.43

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Laundry: No
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6870.00
  • Price Per Lot Square Foot: 104.08
  • Lot Size Acres: 0.1580

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 4550.00
  • Gross Scheduled Income: 54600.00
  • Insurance Expense: 1250.00
  • Lot Size Area: 6870.0000 Square Feet
  • Net Operating Income: 39910.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 14690.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 10800.00
  • Tax Lot: 19
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2014
Closed on
Aug 13, 2015
Sold by
Khuu Anne Kim
Bought by
Li Jianze and Wu Lihong
Seller's Agent
Lisa Nguyen
Ana Real Estate
Buyer's Agent
Lisa Nguyen
Ana Real Estate
List Price
$750,000
Sold Price
$715,000
Premium/Discount to List
-$35,000
-4.67%
Current Estimated Value
$1,394,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$679,637
Avg. Annual Appreciation
6.68%
Original Mortgage
$500,500
Outstanding Balance
$392,836
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$1,001,801

Purchase Details

Closed on
Mar 31, 2005
Sold by
Tran Tam Thanh
Bought by
Khuu Anne Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 2, 2005
Sold by
Lay Kheng and Ly Nay Ky
Bought by
Khuu Anne Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 14, 1999
Sold by
Lay Kheng and Ly Nay Ky
Bought by
Lay Kheng and Ly Nay Ky

Purchase Details

Closed on
Dec 31, 1996
Sold by
Federal National Mortgage Association
Bought by
Lay Kheng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,400
Interest Rate
7.59%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 7, 1996
Sold by
Ngan Mong Hong and Eng Pheng Heang
Bought by
Federal National Mortgage Association
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
Li Jianze $715,000 Fidelity National Title
Khuu Anne Kim -- Commerce Title Company
Khuu Anne Kim $780,000 Commerce Title Company
Lay Kheng -- --
Lay Kheng $170,500 First Southwestern Title Co
Federal National Mortgage Association $152,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Jianze $500,500
Previous Owner Khuu Anne Kim $500,000
Previous Owner Lay Kheng $136,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2015 09/03/15 Sold $715,000 -4.7% $166 / Sq Ft
07/29/2015 07/29/15 Pending -- -- --
10/20/2014 10/20/14 For Sale $750,000 -- $175 / 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 $11,291 $846,409 $295,947 $550,462
2024 $11,291 $829,814 $290,145 $539,669
2023 $11,101 $813,544 $284,456 $529,088
2022 $10,436 $797,593 $278,879 $518,714
2021 $10,211 $781,955 $273,411 $508,544
2019 $10,066 $758,763 $265,302 $493,461
2018 $9,721 $743,886 $260,100 $483,786
2016 $8,929 $715,000 $250,000 $465,000
2015 $10,832 $904,643 $407,089 $497,554
2014 $10,765 $886,923 $399,115 $487,808
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14225723

California Regional Multiple Listing Service (CRMLS)

APN: 7269-035-017