NOT LISTED FOR SALE

Estimated Value: $666,000 - $841,000

2 Beds
1 Bath
1,500 Sq Ft
$524/Sq Ft Est. Value

Last Sold May 10, 2019

Last sale price $530,000 $353 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $4,811/month

66 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Living Room
  • More Than Two Accessible Exits
  • Lawn
  • Laundry Room
  • Tile Flooring

About This Home

As of May 2019

DUPLEX DUPLEX. 2Bed/1Bath each unit. Great investment or live in one and rent out the other. The electric 200 AMP panel has been upgradeded for both duplex as well as the electric rewiring for both units. double panel windows, new exterior paint and trim. Owner since 1987. Long term tenants on month to month leases, There is no rent control in the city of Long Beach. Seller pays water and trash only.

Last Agent to Sell the Property

Joseluis Cuautle

Berkshire Hathaway H.S.C.P. License #01456284 Listed on: 01/16/2019

Berkshire Hathaway H.S.C.P.

Last Buyer's Agent

Joseluis Cuautle

Berkshire Hathaway H.S.C.P. License #01456284 Listed on: 01/16/2019

Berkshire Hathaway H.S.C.P.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,715

Year Built

  • Built in 1944

Lot Details

  • 6,842 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Block Wall Fence
  • Lawn

Parking

  • 2 Car Garage
  • Parking Available
  • Single Garage Door

Home Design

  • Duplex
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,500 Sq Ft Home
  • Living Room

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry Located Outside

Outdoor Features

  • Outdoor Grill
  • Rain Gutters

Additional Features

  • More Than Two Accessible Exits
  • Energy-Efficient Windows
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 21
  • Tax Tract Number 12885
  • Assessor Parcel Number 7128029021

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Trash Expense $300
  • Water Sewer Expense $1,240
  • New Taxes Expense $6,262
  • Operating Expense $2,640
  • Gross Income $36,700
  • Net Operating Income $34,060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,715

Year Built

Built in 1944

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.00
  • Improvements Amount: 17000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1240.00
  • Zoning: LBR2N
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7128029021
  • Year Built: 1944
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Accessibility Features: 2+ Access Exits
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 353.33
  • Room Type: All Bedrooms Down, Kitchen, Living Room

Exterior Features

  • Foundation: Slab
  • Exterior Features: Barbecue Private
  • Fence: Yes
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Sidewalks

Green Features

  • Efficiency: Windows

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 6842.00
  • Lot Size Acres: 0.1571

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 750 Square Feet
  • Gross Operating Income: 36700.00
  • Gross Scheduled Income: 37200.00
  • Insurance Expense: 1100.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6842.0000 Square Feet
  • Net Operating Income: 34060.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 2640.00
  • Rent Control: No
  • Total Actual Rent: 3100.00
  • Total Expenses: 2640.00
  • Vacancy Allowance: 500

Tax Info

  • New Taxes Expense: 6262.00
  • Tax Census Tract: 5706.02
  • Tax Lot: 21
  • Tax Tract Number: 12885

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2019
Closed on
May 29, 2019
Sold by
Clive Shaan
Bought by
Trinity Group Llc
Seller's Agent
Joseluis Cuautle
Berkshire Hathaway H.S.C.P.
Buyer's Agent
Joseluis Cuautle
Berkshire Hathaway H.S.C.P.
List Price
$555,000
Sold Price
$530,000
Premium/Discount to List
-$25,000
-4.5%
Current Estimated Value
$786,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,208
Avg. Annual Appreciation
7.76%

Purchase Details

Listed on
Jan 16, 2019
Closed on
Mar 28, 2019
Sold by
Lozano Militina
Bought by
Clive Shaan
Seller's Agent
Joseluis Cuautle
Berkshire Hathaway H.S.C.P.
Buyer's Agent
Joseluis Cuautle
Berkshire Hathaway H.S.C.P.
List Price
$555,000
Sold Price
$530,000
Premium/Discount to List
-$25,000
-4.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2003
Sold by
Lozano Jesus S
Bought by
Lozano Jesus S and Lozano Militina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
5.62%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Trinity Group Llc -- None Available
Clive Shaan $530,000 Orange Coast Title Company
Lozano Jesus S -- Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Clive Shaan $397,500
Previous Owner Lozano Jesus S $215,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2019 05/10/19 Sold $530,000 -4.5% $353 / Sq Ft
03/23/2019 03/23/19 Pending -- -- --
03/19/2019 03/19/19 For Sale $555,000 0.0% $370 / Sq Ft
02/28/2019 02/28/19 Pending -- -- --
01/28/2019 01/28/19 Price Changed $555,000 +5.7% $370 / Sq Ft
01/16/2019 01/16/19 For Sale $525,000 -- $350 / 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 $7,715 $591,221 $334,654 $256,567
2024 $7,715 $579,630 $328,093 $251,537
2023 $7,586 $568,265 $321,660 $246,605
2022 $7,127 $557,123 $315,353 $241,770
2021 $6,986 $546,200 $309,170 $237,030
2020 $6,968 $540,600 $306,000 $234,600
2019 $3,037 $211,741 $63,518 $148,223
2018 $2,847 $207,590 $62,273 $145,317
2016 $2,618 $199,530 $59,855 $139,675
2015 $2,518 $196,533 $58,956 $137,577
2014 $2,512 $192,685 $57,802 $134,883
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS19014702

California Regional Multiple Listing Service (CRMLS)

APN: 7128-029-021