NOT LISTED FOR SALE

Estimated Value: $1,191,000 - $1,677,000

2 Beds
1 Bath
3,120 Sq Ft
$441/Sq Ft Est. Value

Last Sold December 09, 2020

Last sale price $1,099,888 $353 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $8,362/month

25 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Den
  • Long Beach Polytechnic High School Rated A
  • Neighborhood Views
  • Living Room Balcony

About This Home

As of December 2020

Great income property in desirable area, close to Downtown, Belmont Shore and the Ocean. Quiet neighborhood and very well kept Units with recent upgrades. new roofing, Cooperative tenants. very spacious units. all units are same size. 2bedrooms plus den. The dens are being used as an extra 3rd bedrooms, units are being very well taking care of. hardwood flooring and newly painted. Portable heater and AC, High ceilings, Fresh exterior paint. Possible to make a driveway in the east side of the building to accommodate up to 3 cars.

Last Agent to Sell the Property

Leo May

HomeSmart, Evergreen Realty License #02016506 Listed on: 09/19/2020

HomeSmart, Evergreen Realty

Last Buyer's Agent

Krissy Mussenden

Buckingham Investments, Inc License #02096276

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929 | Remodeled

Lot Details

  • 2,417 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Level Lot
  • Density is up to 1 Unit/Acre

Parking

  • Carport

Home Design

  • Traditional Architecture
  • Spanish Architecture
  • Apartment
  • Flat Roof Shape
  • Raised Foundation
  • Tile Roof

Interior Spaces

  • 3,120 Sq Ft Home
  • Wood Frame Window
  • Family Room
  • Living Room
  • Den
  • Neighborhood Views
  • Laundry Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating System
  • Phone Connected

Additional Features

  • More Than Two Accessible Exits
  • Living Room Balcony

Listing and Financial Details

  • Tenant pays for cable TV, electricity, trash collection
  • Legal Lot and Block 23 / B
  • Tax Tract Number 5764
  • Assessor Parcel Number 7267030025

Community Details

Overview

  • 4 Units

Recreation

  • Bike Trail

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $600
  • Gardener Expense $360
  • Insurance Expense $1,200
  • Water Sewer Expense $1,800
  • New Taxes Expense $8,000
  • Operating Expense $12,160
  • Gross Income $79,200
  • Net Operating Income $67,040

Property Details

Home Type

Multi-Family

Year Built

Built in 1929 | Remodeled

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Maintained
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • View: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: LBR2N
  • Architectural Style: Spanish, Traditional
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 7267030025
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Living Room Balcony
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Accessibility Features: 2+ Access Exits
  • Price Per Square Foot: 352.53
  • Room Type: Den, Family Room, Kitchen, Living Room
  • Window Features: Wood Frames

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Pool Private: No
  • Roof: Flat, Tile
  • Spa: No

Garage/Parking

  • Parking Features: Carport

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Level with Street, Level
  • Lot Size Sq Ft: 2417.00
  • Lot Size Acres: 0.0555

Rental Info

  • Tenant Pays: Cable TV, Electricity, Trash Collection

Multi Family

  • Fuel Expense: 600.00
  • Gross Income: 79200.00
  • Gross Operating Income: 79200.00
  • Gross Scheduled Income: 88800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 2417.0000 Square Feet
  • Net Operating Income: 67040.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 12160.00
  • Rent Control: No
  • Total Actual Rent: 6600.00
  • Total Expenses: 12160.00

Tax Info

  • New Taxes Expense: 8000.00
  • Tax Block: B
  • Tax Census Tract: 5764.03
  • Tax Lot: 23
  • Tax Tract Number: 5764.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2020
Closed on
Nov 5, 2020
Sold by
Asadirad Mina
Bought by
Jones Justin
Seller's Agent
Leo May
HomeSmart, Evergreen Realty
Buyer's Agent
Krissy Mussenden
Buckingham Investments, Inc
List Price
$1,099,888
Sold Price
$1,099,888
Current Estimated Value
$1,352,971

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,083
Avg. Annual Appreciation
4.56%
Original Mortgage
$824,916
Outstanding Balance
$734,058
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$641,734

Purchase Details

Closed on
Dec 7, 2007
Sold by
Asadirad Mina and Rad Mina Asadi
Bought by
Asadirad Mina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,000
Interest Rate
6.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2004
Sold by
Cuevas Frank
Bought by
Rad Mina Asadi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$473,000
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2004
Sold by
Boren Larry L and Boren Lynn E
Bought by
Cuevas Frank

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
5.86%
Mortgage Type
Purchase Money Mortgage
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
Jones Justin $1,100,000 Clearmark Title Company
Asadirad Mina -- First American Title Ins Co
Rad Mina Asadi $730,000 Ticor Title Company Fullerto
Cuevas Frank $549,000 Natc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Justin $824,916
Previous Owner Asadirad Mina $543,000
Previous Owner Rad Mina Asadi $473,000
Previous Owner Cuevas Frank $595,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2020 12/09/20 Sold $1,099,888 0.0% $353 / Sq Ft
10/15/2020 10/15/20 Pending -- -- --
10/13/2020 10/13/20 For Sale $1,099,888 0.0% $353 / Sq Ft
09/20/2020 09/20/20 Pending -- -- --
09/19/2020 09/19/20 For Sale $1,099,888 -- $353 / 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 $15,272 $1,190,550 $773,938 $416,612
2024 $15,272 $1,167,207 $758,763 $408,444
2023 $15,013 $1,144,322 $743,886 $400,436
2022 $14,090 $1,121,885 $729,300 $392,585
2021 $13,805 $1,099,888 $715,000 $384,888
2020 $11,870 $930,960 $369,619 $561,341
2019 $11,731 $912,717 $362,372 $550,345
2018 $11,436 $894,832 $355,267 $539,565
2016 $7,458 $595,000 $238,000 $357,000
2015 $6,927 $565,000 $226,000 $339,000
2014 $5,994 $475,000 $190,000 $285,000
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: OC20195920

California Regional Multiple Listing Service (CRMLS)

APN: 7267-030-025