NOT LISTED FOR SALE

Estimated Value: $799,734 - $945,000

4 Beds
3 Baths
1,706 Sq Ft
$500/Sq Ft Est. Value

Last Sold February 29, 2012

Last sale price $299,000 $175 Per Sq Ft

Est. 185% increase in value since last sale

Current estimated payment $4,898/month

331 Days on Market

Highlights

  • Craftsman Architecture
  • Walk-In Closet
  • Formal Entry
  • Long Beach Polytechnic High School Rated A
  • Laundry Room
  • Central Air

About This Home

As of February 2012

Great Centrally located Investment Opportunity with long term current renters! Individual Gas & Electric Meters (3), Single Water Bill for complex, and 4 single garage parking spaces! only a few miles away from Downtown Long Beach! A couple miles away from the beach and Pacific Coast HWY! Google has it only being 14mins away and 4.9 miles away from CSU Long Beach!

Last Agent to Sell the Property

Marlow Martinez

Sandicor License #01762157 Listed on: 01/31/2011

Last Buyer's Agent

Marlow Martinez

Sandicor License #01762157 Listed on: 01/31/2011

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,247 Sq Ft Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Craftsman Architecture
  • Split Level Home
  • Frame Construction
  • Plaster
  • Stucco

Interior Spaces

  • 1,706 Sq Ft Home
  • Formal Entry
  • Family Room
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Air
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 16 / 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7210016002

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Subdivision Name Other: Eastside (ES)
  • Zoning: Lbr1n
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Parcel Number: 7210016002
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Unfurnished
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Multi/Split
  • Price Per Square Foot: 175.26
  • Room Type: Family Room, Formal Entry, Foyer, Master Bedroom, Walk-In Closet

Exterior Features

  • Construction Materials: Frame, Plaster, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Cable Available, Electricity Available
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 6247.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 840
  • Average2 Bed Area: 866
  • Gross Scheduled Income: 23400.00
  • Lot Size Area: 6247.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Actual Rent: 1950.00

Tax Info

  • Tax Area: 11933
  • Tax Block: 1
  • Tax Lot: 16
  • Tax Rate: 1.25
  • Tax Tract Number: 1
  • Tax Year: 2010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2011
Closed on
Jan 3, 2012
Sold by
Lopez Luis Alberto and Lopez Nancy Vanessa
Bought by
Conti John and Conti Claire
Seller's Agent
Marlow Martinez
Sandicor
Buyer's Agent
Marlow Martinez
Sandicor
List Price
$325,000
Sold Price
$299,000
Premium/Discount to List
-$26,000
-8%
Current Estimated Value
$852,184

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$553,184
Avg. Annual Appreciation
7.86%
Original Mortgage
$209,300
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2004
Sold by
Lopez Nancy Vanessa and Vega Nancy Vanessa
Bought by
Lopez Luis Alberto and Lopez Nancy Vanessa

Purchase Details

Closed on
Aug 3, 2000
Sold by
Lopez Luis A
Bought by
Vega Nancy Vanessa

Purchase Details

Closed on
Jan 30, 1995
Sold by
First Team Development Co Inc
Bought by
Lopez Luis Alberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,229
Interest Rate
8.44%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 13, 1994
Sold by
World S & L Assn Fsla
Bought by
First Team Development Company Inc

Purchase Details

Closed on
Sep 2, 1994
Sold by
Cambay Gervacio and Cambay Angelita
Bought by
World S & L Assn Fsla
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
Conti John $299,000 Lawyers Title Company
Lopez Luis Alberto -- --
Vega Nancy Vanessa -- --
Lopez Luis Alberto $118,000 Fidelity National Title Ins
First Team Development Company Inc $80,000 Fidelity National Title
World S & L Assn Fsla $109,559 World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Conti John $209,300
Previous Owner Lopez Luis Alberto $117,229
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2012 02/29/12 Sold $299,000 -8.0% $175 / Sq Ft
12/28/2011 12/28/11 Pending -- -- --
01/31/2011 01/31/11 For Sale $325,000 -- $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 $5,191 $375,546 $188,401 $187,145
2024 $5,191 $368,183 $184,707 $183,476
2023 $5,100 $360,965 $181,086 $179,879
2022 $4,799 $353,888 $177,536 $176,352
2021 $4,694 $346,950 $174,055 $172,895
2020 $4,682 $343,394 $172,271 $171,123
2019 $4,627 $336,662 $168,894 $167,768
2018 $4,456 $330,062 $165,583 $164,479
2016 $4,103 $317,247 $159,154 $158,093
2015 $3,945 $312,483 $156,764 $155,719
2014 $3,932 $306,363 $153,694 $152,669
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: T11012364

California Regional Multiple Listing Service (CRMLS)

APN: 7210-016-002