NOT LISTED FOR SALE

1820 E 56th St Long Beach, CA 90805

Lindbergh Neighborhood

Estimated Value: $793,000 - $919,000

2 Beds
1 Bath
1,500 Sq Ft
$570/Sq Ft Est. Value

Last Sold November 06, 2018

Last sale price $556,000 $371 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $5,159/month

17 Days on Market

About This Home

As of November 2018

Great Investment or live in one and rent out the other. Tons of upgrades. New windows, new paint, new copper plumbing are just a few of this homes' amenities. A must see! Each unit is two bedroom and one bathroom.

Last Agent to Sell the Property

Gayle T Williams

Exclusive Realty Group License #01170805 Listed on: 09/30/2018

Last Buyer's Agent

Jaime Sandoval

Coldwell Banker Envision License #01868991

Coldwell Banker Envision

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 7,059 Sq Ft Lot
  • 1 Common Wall
  • Lawn

Parking

  • 2 Car Garage

Home Design

  • 1,500 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Sewer Not Available

Listing and Financial Details

  • Assessor Parcel Number 7128030025

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $18,600
  • Net Operating Income $1,850

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7128030025
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 370.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: None
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 7059.00

Multi Family

  • Gross Income: 18600.00
  • Gross Scheduled Income: 40200.00
  • Net Operating Income: 1850.00
  • 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: 2244.00
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5706.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2018
Closed on
Oct 16, 2018
Sold by
Williams Steven L and The Williams Revocable Trust
Bought by
Sandoval Maritza
Seller's Agent
Gayle T Williams
Exclusive Realty Group
Buyer's Agent
Jaime Sandoval
Coldwell Banker Envision
List Price
$585,000
Sold Price
$556,000
Premium/Discount to List
-$29,000
-4.96%
Current Estimated Value
$854,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,693
Avg. Annual Appreciation
6.20%
Original Mortgage
$452,000
Outstanding Balance
$395,010
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$459,683

Purchase Details

Closed on
May 10, 2018
Sold by
Williams Steve
Bought by
Williams Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,500
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2007
Sold by
Williams Steve L
Bought by
Williams Steven L and The S Williams Revocable Trust

Purchase Details

Closed on
Jun 7, 2006
Sold by
Williams Gayle T
Bought by
Williams Steve L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
7.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 18, 2004
Sold by
Williams Gayle T
Bought by
Williams Steve L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 2003
Sold by
Williams Steve L
Bought by
Williams Steve L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,750
Interest Rate
9.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 5, 2003
Sold by
Williams Steve
Bought by
Williams Steve L and The S Williams Revocable Trust

Purchase Details

Closed on
Oct 11, 2002
Sold by
Williams Steven L
Bought by
Williams Steven L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,500
Interest Rate
6.09%

Purchase Details

Closed on
Aug 26, 2000
Sold by
Williams Steve
Bought by
Williams Steven L and The S Williams Revocable Trust

Purchase Details

Closed on
Apr 14, 1999
Sold by
Tadesse Theodros
Bought by
Williams Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,589
Interest Rate
6.92%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Sandoval Maritza $565,000 Lawyers Title Company
Williams Steve -- Chicago Title Company
Williams Steven L -- Commonwealth Land Title Co
Williams Steve L -- Commonwealth Land Title Co
Williams Steve L -- Stewart Title Irvine
Williams Steve L -- Security Union Title
Williams Steve L -- --
Williams Steven L -- Fidelity Title
Williams Steven L -- --
Williams Steve $160,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sandoval Maritza $452,000
Previous Owner Williams Steve $372,500
Previous Owner Williams Steve L $345,000
Previous Owner Williams Steve L $304,000
Previous Owner Williams Steve L $284,750
Previous Owner Williams Steven L $164,500
Previous Owner Williams Steve $158,589
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/06/2018 11/06/18 Sold $556,000 -1.6% $371 / Sq Ft
11/06/2018 11/06/18 Sold $565,000 +1.8% $377 / Sq Ft View Prior Sale
10/17/2018 10/17/18 Pending -- -- --
10/10/2018 10/10/18 Pending -- -- --
10/02/2018 10/02/18 Price Changed $554,900 0.0% $370 / Sq Ft
10/02/2018 10/02/18 Price Changed $554,900 -5.1% $370 / Sq Ft
09/30/2018 09/30/18 For Sale $585,000 0.0% $390 / Sq Ft
09/04/2018 09/04/18 For Sale $585,000 -- $390 / 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 $8,172 $630,261 $351,385 $278,876
2024 $8,172 $617,904 $344,496 $273,408
2023 $8,035 $605,790 $337,742 $268,048
2022 $7,547 $593,913 $331,120 $262,793
2021 $7,398 $582,269 $324,628 $257,641
2019 $7,294 $565,000 $315,000 $250,000
2018 $3,000 $220,295 $96,439 $123,856
2016 $2,759 $211,744 $92,696 $119,048
2015 $2,654 $208,564 $91,304 $117,260
2014 $2,646 $204,480 $89,516 $114,964
Source: Public Records

Agents Affiliated with this Home

  • Gayle T Williams

    Seller's Agent in 2018

    Gayle T Williams

    Exclusive Realty Group

    (310) 995-2120

    12 Total Sales

    Gayle T Williams
    Section Image
  • Jaime Sandoval

    Buyer's Agent in 2018

    Jaime Sandoval

    Coldwell Banker Envision

    (562) 480-1326

    12 Total Sales

    Jaime Sandoval
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18238351

California Regional Multiple Listing Service (CRMLS)

APN: 7128-030-025

California Los Angeles County Long Beach 90805 Lindbergh

1820 E 56th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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