NOT LISTED FOR SALE

Estimated Value: $632,000 - $668,567

2 Beds
2 Baths
988 Sq Ft
$659/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $550,000 $557 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,103/month

71 Days on Market

About This Home

As of June 2021

One unit may be delivered vacant at close! Perfect starter duplex only 2 blocks North of Bixby Knolls. Two 1 bed, 1 bath units with a 2 car attached garage and an onsite laundry room between units. New roof installed in 2017. Granite counters in kitchens. Units are clean and rented close to market, but with a 9% upside remaining for future cash flow. Super low expense building with no landscaping to water. Only one block from Dooley Elementary School and national retailers at Long Beach Blvd and Del Amo. Cash flow right at close to start your rental portfolio.

Last Agent to Sell the Property

Anthony Walker

Buckingham Investments, Inc License #01908153 Listed on: 02/16/2021

Last Buyer's Agent

Evo Howard

Fathom Realty Group Inc. License #01765763

Fathom Realty Group Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,618

Year Built

  • Built in 1956

Lot Details

  • 2,035 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 988 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tax Lot 2106
  • Tax Tract Number 5134
  • Assessor Parcel Number 7133003015

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • North Long Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,289
  • Fuel Expense $548
  • Insurance Expense $800
  • Maintenance Expense $1,625
  • Trash Expense $474
  • Water Sewer Expense $1,504
  • New Taxes Expense $6,863
  • Operating Expense $13,102
  • Gross Income $32,940
  • Net Operating Income $19,391

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,618

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • CapRate: 3.50
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1504.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7133003015
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 556.68

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 474.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2035.00
  • Lot Size Acres: 0.0467

Multi Family

  • Average1 Bed Area: 494 Square Feet
  • Electric Expense: 1289.00
  • Fuel Expense: 548.00
  • Gross Income: 32940.00
  • Gross Multiplier: 16.00
  • Gross Operating Income: 32493.00
  • Gross Scheduled Income: 32940.00
  • Insurance Expense: 800.00
  • Lot Size Area: 2035.0000 Square Feet
  • Maintenance Expense: 1625.00
  • Net Operating Income: 19391.00
  • Number Of Rented Garages: 2
  • 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: 13102.00
  • Rent Control: No
  • Total Expenses: 13102.00
  • Vacancy Allowance: 1647

Tax Info

  • New Taxes Expense: 6863.00
  • Tax Census Tract: 5717.03
  • Tax Lot: 2106
  • Tax Tract Number: 5134

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2021
Closed on
Apr 29, 2021
Sold by
Fishman Jeffrey Evan and Fishman Jan Alexis
Bought by
Cruz Abigail
Seller's Agent
Anthony Walker
Buckingham Investments, Inc
Buyer's Agent
Evo Howard
Fathom Realty Group Inc.
List Price
$549,000
Sold Price
$550,000
Premium/Discount to List
$1,000
0.18%
Current Estimated Value
$650,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,892
Avg. Annual Appreciation
4.00%
Original Mortgage
$407,000
Outstanding Balance
$369,060
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$281,832

Purchase Details

Closed on
Jun 11, 2018
Sold by
Fishman Jeffrey E
Bought by
Fishman Jeffrey Evan and Fishman Jan Alexis Subee

Purchase Details

Listed on
Oct 28, 2017
Closed on
Nov 7, 2017
Sold by
Ybarra Robert J
Bought by
Fishman Jeffrey E and Fishman Jan Alexis Subee
Seller's Agent
Dan Christian
Estate Properties
Buyer's Agent
Jeffrey Fishman
Buckingham Investments, Inc
List Price
$379,000
Sold Price
$401,200
Premium/Discount to List
$22,200
5.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.42%
Original Mortgage
$300,900
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2009
Sold by
Ybarra Robert
Bought by
Ybarra Robert J and Ybarra Esmeralda

Purchase Details

Closed on
Jan 11, 2005
Sold by
Grosz Gregory Z
Bought by
Ybarra Robert and Nino Ybarra Esmeralda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 8, 2005
Sold by
Grosz Marie I
Bought by
The Somerset Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 22, 2002
Sold by
Grosz Frank J
Bought by
Grosz Marie L
Source: Public Records

Range of Values:

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
Cruz Abigail $550,000 Fidelity Natl Ttl Co Torranc
Fishman Jeffrey Evan -- None Available
Fishman Jeffrey E $401,500 Fidelity National Title
Ybarra Robert J -- None Available
Ybarra Robert $295,000 Lawyers Title
The Somerset Trust -- --
Grosz Marie L -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cruz Abigail $55,000
Open Cruz Abigail $407,000
Previous Owner Fishman Jeffrey E $300,900
Previous Owner Ybarra Robert J $270,648
Previous Owner Ybarra Robert $280,000
Previous Owner Ybarra Robert $236,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold $550,000 +0.2% $557 / Sq Ft
02/16/2021 02/16/21 For Sale $549,000 +36.8% $556 / Sq Ft
12/06/2017 12/06/17 Sold $401,200 +5.9% $406 / Sq Ft
11/04/2017 11/04/17 Pending -- -- --
10/28/2017 10/28/17 For Sale $379,000 -- $384 / 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 $7,618 $595,337 $270,608 $324,729
2024 $7,618 $583,664 $265,302 $318,362
2023 $7,489 $572,220 $260,100 $312,120
2022 $7,028 $561,000 $255,000 $306,000
2021 $5,362 $421,731 $210,235 $211,496
2020 $5,348 $417,408 $208,080 $209,328
2019 $5,285 $409,224 $204,000 $205,224
2018 $5,132 $401,200 $200,000 $201,200
2017 $4,602 $354,300 $204,174 $150,126
2016 $4,283 $347,354 $200,171 $147,183
2015 $4,112 $342,138 $197,165 $144,973
2014 $4,089 $335,437 $193,303 $142,134
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21031470

California Regional Multiple Listing Service (CRMLS)

APN: 7133-003-015