NOT LISTED FOR SALE

Estimated Value: $630,000 - $946,000

2 Beds
2 Baths
960 Sq Ft
$747/Sq Ft Est. Value

Last Sold April 09, 2019

Last sale price $410,000 $427 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $4,264/month

130 Days on Market

About This Home

As of April 2019

PRICE REDUCTION!! Your chance to own 2 One bedroom units each with a small yard, separately metered, well maintained, and cute as a button.
Just blocks from signal hill and all things Downtown Long Beach. With no rent control in Long Beach, this investment property is a gem!

Last Agent to Sell the Property

Nick Jackson

Grate Real Estate License #02002572 Listed on: 09/24/2018

Co-Listed By

Amir Shain

Alexander Lux Properties Inc. License #01873224

Last Buyer's Agent

Trudy Kalucea

Keller Williams Coastal Prop. License #01263450

Keller Williams Coastal Prop.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 2,356 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 960 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 5751
  • Assessor Parcel Number 7261007020

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $30,000
  • Net Operating Income $24,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: /
  • Zoning: LBCNR
  • Property Type: Residential Income
  • Parcel Number: 7261007020
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 427.08

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2356.00
  • Lot Size Acres: 0.0541

Multi Family

  • Gross Income: 30000.00
  • Gross Operating Income: 27000.00
  • Gross Scheduled Income: 30000.00
  • Lot Size Area: 2356.0000 Square Feet
  • Net Operating Income: 24300.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 2700.00
  • Operating Expense Percent: 10.00
  • Rent Control: No
  • Vacancy Allowance Rate: 10.00

Tax Info

  • Tax Census Tract: 5751.01
  • Tax Lot: 13
  • Tax Tract Number: 5751.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2018
Closed on
Mar 12, 2019
Sold by
Weber Allyson
Bought by
Polk Geyanni
Seller's Agent
Nick Jackson
Grate Real Estate
Buyer's Agent
Trudy Kalucea
Keller Williams Coastal Prop.
List Price
$450,000
Sold Price
$410,000
Premium/Discount to List
-$40,000
-8.89%
Current Estimated Value
$717,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$307,051
Avg. Annual Appreciation
8.70%
Original Mortgage
$402,573
Outstanding Balance
$351,893
Interest Rate
4.12%
Mortgage Type
FHA
Estimated Equity
$365,158

Purchase Details

Closed on
Oct 24, 2018
Sold by
17Th And Doran Llc
Bought by
Weber Allyson

Purchase Details

Closed on
Mar 18, 2016
Sold by
Jimeno Jane
Bought by
17Th & Doran Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
3.61%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 20, 2009
Sold by
Fdic
Bought by
Jimeno Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,649
Interest Rate
5.02%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 1, 2009
Sold by
Gautier Sean
Bought by
Indymac Federal Bank Fsb

Purchase Details

Closed on
Jan 9, 2006
Sold by
Kien Scott
Bought by
Gautier Sean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,400
Interest Rate
6.62%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 4, 2004
Sold by
Brown Cory J and Brown Dina M
Bought by
Kien Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2003
Sold by
Brown Cory and Brown Dina M
Bought by
Brown Cory J

Purchase Details

Closed on
Sep 25, 2002
Sold by
Ledgard Jeanette
Bought by
Brown Cory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,300
Interest Rate
5.95%

Purchase Details

Closed on
Jul 8, 2001
Sold by
Second Samoan Congregational Church Of L
Bought by
Ledgard Jeanette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,656
Interest Rate
9.45%

Purchase Details

Closed on
Jun 20, 2000
Sold by
Development Secretary Of Housing And Urban E
Bought by
Second Samoan Congregational Church Of L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
8.2%
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
Polk Geyanni $410,000 Fidelity National Title Co
Weber Allyson -- None Available
17Th & Doran Llc $315,000 Old Republic Title Company
Jimeno Jane $185,000 Chicago Title Company
Indymac Federal Bank Fsb $374,137 None Available
Gautier Sean $428,000 Chicago Title Co
Kien Scott $230,000 Chicago Title
Brown Cory J -- --
Brown Cory $154,000 Investors Title Company
Ledgard Jeanette $111,200 Chicago Title Co
Second Samoan Congregational Church Of L $66,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Polk Geyanni $402,573
Previous Owner 17Th & Doran Llc $205,000
Previous Owner Jimeno Jane $181,649
Previous Owner Gautier Sean $342,400
Previous Owner Kien Scott $184,000
Previous Owner Brown Cory $146,300
Previous Owner Ledgard Jeanette $86,656
Previous Owner Second Samoan Congregational Church Of L $84,000
Closed Kien Scott $23,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/09/2019 04/09/19 Sold $410,000 +2.5% $427 / Sq Ft
02/01/2019 02/01/19 Pending -- -- --
11/18/2018 11/18/18 Price Changed $399,999 -11.1% $417 / Sq Ft
10/25/2018 10/25/18 For Sale $450,000 0.0% $469 / Sq Ft
10/03/2018 10/03/18 Pending -- -- --
09/24/2018 09/24/18 For Sale $450,000 +42.9% $469 / Sq Ft
06/08/2016 06/08/16 Sold $315,000 0.0% $328 / Sq Ft View Prior Sale
03/16/2016 03/16/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $315,000 -- $328 / 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 $5,947 $457,357 $362,541 $94,816
2024 $5,947 $448,390 $355,433 $92,957
2023 $5,845 $439,599 $348,464 $91,135
2022 $5,489 $430,981 $341,632 $89,349
2021 $5,378 $422,532 $334,934 $87,598
2019 $4,386 $334,279 $238,771 $95,508
2018 $4,245 $327,726 $234,090 $93,636
2016 $2,518 $201,721 $109,038 $92,683
2015 $2,420 $198,692 $107,401 $91,291
2014 $2,410 $194,801 $105,298 $89,503
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18234432

California Regional Multiple Listing Service (CRMLS)

APN: 7261-007-020