NOT LISTED FOR SALE

Estimated Value: $1,371,000 - $1,831,000

12 Beds
8 Baths
4,984 Sq Ft
$323/Sq Ft Est. Value

Last Sold May 20, 2013

Last sale price $725,000 $145 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $9,486/month

8 Days on Market

About This Home

As of May 2013

Great investment opportunity available in the heart of Long Beach. 4 units all 3Bed/2Bath and an unpermitted bonus studio. Two units were recently upgraded by current owner with new flooring and paint. Property was built in 1990 with a total living area of 4,984 sq ft. This property will NOT last long. Tenants are not aware of sale, please do not disturb.

Last Agent to Sell the Property

Sean Robbins

eXp Realty of California Inc License #01709620 Listed on: 04/23/2013

eXp Realty of California Inc

Last Buyer's Agent

Kenneth Davis

License #00891293

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 6,749

Home Design

  • 4,984 Sq Ft Home

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Parking

  • 5 Parking Spaces
  • Assigned Parking

Additional Features

  • 6,749 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7209-017-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 4984
  • Year Built: 1990
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 145.47

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 5

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 350000
  • Assessed Land Value: 230000
  • Assessor Parcel Number: 7209-017-014
  • Geocode Override: No
  • Lot Size Area: 6749

Rental Info

  • Total Actual Rent: 73800.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 9.83
  • Number Of Units: 4
  • Rent Control: 0
  • Type Of Units: Income

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2013
Closed on
May 1, 2013
Sold by
Mazan Adam
Bought by
Lmno Properties Llc
Seller's Agent
Sean Robbins
eXp Realty of California Inc
Buyer's Agent
Kenneth Davis
List Price
$725,000
Sold Price
$725,000
Current Estimated Value
$1,607,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$882,490
Avg. Annual Appreciation
6.54%

Purchase Details

Closed on
Apr 23, 2012
Sold by
Robbins Sean
Bought by
Mazan Adam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$583,815
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 23, 2012
Sold by
Sound Equity Inc
Bought by
Robbins Sean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,400
Interest Rate
3.88%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 12, 2012
Sold by
Jara Jesus
Bought by
Robbins Sean and Sound Equity Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,400
Interest Rate
3.88%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 23, 2011
Sold by
Jara Jesus
Bought by
The Roberto Vargas Cestui Que Trust

Purchase Details

Closed on
Feb 2, 2006
Sold by
Jara Jesus
Bought by
Jcj Properties Llc

Purchase Details

Closed on
Jun 20, 2005
Sold by
Jara Carolina
Bought by
Jara Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.62%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 16, 2005
Sold by
Monroe Stephen
Bought by
Jara Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 2004
Sold by
Ganem Robert H and Ganem Nancy
Bought by
Monroe Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$534,800
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 1999
Sold by
Theam Ravuth
Bought by
Ganem Robert H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,637
Interest Rate
7.82%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 2, 1997
Sold by
Federal National Mortgage Association
Bought by
Theam Ravuth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,250
Interest Rate
7.46%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 10, 1996
Sold by
American Svgs Bank Fa
Bought by
Federal National Mortgage Association
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Lmno Properties Llc $725,000 Lsi
Mazan Adam $599,000 Lawyers Title
Robbins Sean -- Lawyers Title
Robbins Sean -- Lawyers Title
The Roberto Vargas Cestui Que Trust -- None Available
Jcj Properties Llc -- None Available
Jara Jesus -- Southland Title
Jara Jesus $850,000 Southland Title
Jara Jesus $850,000 Southland Title Corporation
Monroe Stephen $764,000 Fidelity National Title Co
Ganem Robert H $289,000 Chicago Title
Theam Ravuth $225,000 Gateway Title Insurance Co
Federal National Mortgage Association -- Stewart Title
American Svgs Bank Fa $240,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mazan Adam $583,815
Previous Owner Robbins Sean $374,400
Previous Owner Jara Jesus $650,000
Previous Owner Jara Jesus $650,000
Previous Owner Monroe Stephen $534,800
Previous Owner Ganem Robert H $286,637
Previous Owner Theam Ravuth $218,250
Closed Jara Jesus $200,000
Closed Jara Jesus $115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/20/2013 05/20/13 Sold $725,000 0.0% $145 / Sq Ft
05/01/2013 05/01/13 Pending -- -- --
04/23/2013 04/23/13 For Sale $725,000 +21.0% $145 / Sq Ft
07/09/2012 07/09/12 Sold $599,000 -6.4% $120 / Sq Ft View Prior Sale
03/13/2012 03/13/12 Pending -- -- --
02/06/2012 02/06/12 For Sale $639,900 -- $128 / Sq Ft
Source: The MLS

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 $12,450 $892,776 $246,282 $646,494
2024 $11,876 $875,271 $241,453 $633,818
2023 $11,677 $858,110 $236,719 $621,391
2022 $10,976 $841,285 $232,078 $609,207
2021 $10,737 $824,790 $227,528 $597,262
2020 $10,707 $816,333 $225,195 $591,138
2019 $10,584 $800,328 $220,780 $579,548
2018 $10,251 $784,636 $216,451 $568,185
2016 $9,409 $754,170 $208,047 $546,123
2015 $9,039 $742,842 $204,922 $537,920
2014 $8,988 $728,291 $200,908 $527,383
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 13-667365

The MLS

APN: 7209-017-014