NOT LISTED FOR SALE

1925 E 8th St Long Beach, CA 90813

Hellman Neighborhood

Estimated Value: $773,000 - $1,082,000

4 Beds
4 Baths
2,020 Sq Ft
$487/Sq Ft Est. Value

Last Sold December 20, 2017

Last sale price $630,000 $312 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $5,943/month

31 Days on Market

About This Home

As of December 2017

Price Reduced! Great Opportunity for investors, here are 4 units, 1 bedroom, 1 bath each, 5-7 blocks away from the beach, surrounded by single-family residences, the seller will consider selling without 1031 exchange option depending on offers submitted, be informed seller holds a real estate license and is related to selling agent. Buyer to be responsible for notice to evict the tenant(s).

Last Agent to Sell the Property

Joseph Luevanos

REALTY WORLD DIAMOND License #01935877 Listed on: 09/18/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 2,502 Sq Ft Lot
  • 1 Common Wall
  • Landscaped

Home Design

  • 2,020 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • Parking Available
  • Unassigned Parking

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 24
  • Tax Tract Number 1852
  • Assessor Parcel Number 7267015025

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Fuel Expense $150
  • Trash Expense $150
  • Water Sewer Expense $150
  • Operating Expense $150
  • Gross Income $25,260
  • Net Operating Income $25,260

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 150.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7267015025
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 311.88

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 150.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 2502.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Fuel Expense: 150.00
  • Gross Income: 25260.00
  • Gross Scheduled Income: 25260.00
  • Net Operating Income: 25260.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 1800.00
  • Rent Control: No
  • Total Actual Rent: 2830.00
  • Total Expenses: 150.00

Tax Info

  • Tax Census Tract: 5764.03
  • Tax Lot: 24
  • Tax Tract Number: 1852

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2022
Sold by
Karl Schultise David
Bought by
Ds California Re Holdings Llc
Current Estimated Value
$984,467

Purchase Details

Closed on
May 12, 2020
Sold by
Schultise Davdi Karl
Bought by
Ds California Re Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$609,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2020
Sold by
Ds California Re Holdings Llc
Bought by
Schultise David Kari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$609,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2019
Sold by
Schultise David Karl
Bought by
Ds California Re Holdings Llc

Purchase Details

Listed on
Sep 18, 2017
Closed on
Nov 15, 2017
Sold by
Orejel Armando
Bought by
Schultise David Karl
Seller's Agent
Joseph Luevanos
REALTY WORLD DIAMOND
List Price
$680,000
Sold Price
$630,000
Premium/Discount to List
-$50,000
-7.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.76%
Original Mortgage
$608,973
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 25, 2003
Sold by
Orejel Israel
Bought by
Orejel Armando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,300
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 2001
Sold by
Way Billy Lee
Bought by
Orejel Armando and Orejel Israel

Purchase Details

Closed on
Jul 5, 2000
Sold by
Hamilton D Allan
Bought by
Way Billy Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,415
Interest Rate
10.9%

Purchase Details

Closed on
Jun 8, 2000
Sold by
Hamilton Laura
Bought by
Hamilton D Allan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,415
Interest Rate
10.9%

Purchase Details

Closed on
Apr 27, 2000
Sold by
Hud
Bought by
Hamilton D Allan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
8.53%

Purchase Details

Closed on
Sep 2, 1999
Sold by
Whitemountain Services Corp
Bought by
Hud

Purchase Details

Closed on
Oct 23, 1998
Sold by
Contreras Joel
Bought by
Reynolds Tameka T and Quintanilla Misty Joy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,506
Interest Rate
6.6%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 5, 1998
Sold by
Billones Edwin
Bought by
Contreras Joel

Purchase Details

Closed on
Dec 11, 1997
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Contreras Joel and Billones Edwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.97%

Purchase Details

Closed on
Oct 1, 1997
Sold by
Jorge Jose and Jorge Maribel
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Apr 21, 1997
Sold by
Jorge Jose
Bought by
New Haven Corp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ds California Re Holdings Llc -- Accommodation/Courtesy Recordi
Ds California Re Holdings Llc -- None Available
Schultise David Kari -- Stewart Title Of California
Ds California Re Holdings Llc -- None Available
Schultise David Karl $630,000 Fidelity National Title Co
Orejel Armando -- United Title Company
Orejel Armando -- --
Way Billy Lee $190,000 Chicago Title Co
Hamilton D Allan -- Provident Title
Hamilton D Allan $122,500 Provident Title
Hud -- --
White Mountains Services Corp $218,617 Stewart Title
Reynolds Tameka T $210,000 Benefit Land Title Company
Contreras Joel -- Benefit Land Title Company
Contreras Joel $112,000 First American Title
Federal Home Loan Mortgage Corporation $115,000 First American Title Ins Co
New Haven Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schultise David Kari $609,000
Previous Owner Schultise David Karl $608,973
Previous Owner Orejel Armando $205,300
Previous Owner Way Billy Lee $161,415
Previous Owner Hamilton D Allan $110,000
Previous Owner Reynolds Tameka T $203,506
Previous Owner Contreras Joel $135,000
Closed Way Billy Lee $9,495
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2017 12/20/17 Sold $630,000 -6.7% $312 / Sq Ft
10/19/2017 10/19/17 Pending -- -- --
10/16/2017 10/16/17 Price Changed $675,000 -0.7% $334 / Sq Ft
09/18/2017 09/18/17 For Sale $680,000 -- $337 / 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 $9,425 $716,827 $500,643 $216,184
2024 $9,425 $702,773 $490,827 $211,946
2023 $9,260 $688,994 $481,203 $207,791
2022 $8,696 $675,485 $471,768 $203,717
2021 $8,515 $662,241 $462,518 $199,723
2020 $8,493 $655,452 $457,776 $197,676
2019 $8,392 $642,600 $448,800 $193,800
2018 $8,176 $630,000 $440,000 $190,000
2017 $4,028 $284,362 $80,296 $204,066
2016 $3,750 $278,787 $78,722 $200,065
2015 $3,608 $274,600 $77,540 $197,060
2014 $3,602 $269,222 $76,022 $193,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Joseph Luevanos

    REALTY WORLD DIAMOND

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV17216168

California Regional Multiple Listing Service (CRMLS)

APN: 7267-015-025

California Los Angeles County Long Beach 90813 Hellman

1925 E 8th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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