NOT LISTED FOR SALE

Estimated Value: $740,000 - $870,000

3 Beds
2 Baths
1,797 Sq Ft
$459/Sq Ft Est. Value

Last Sold August 23, 2021

Last sale price $675,000 $376 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,389/month

Highlights

  • Contemporary Architecture
  • Neighborhood Views
  • Wrought Iron Fence
  • No HOA
  • Laundry Room
  • Heating System Uses Natural Gas

About This Home

As of August 2021

This is corner lot with 2 detached units. The main home is a 2 bedroom 1 bathroom with an attached garage. The second unit is a 1 bedroom 1 bathroom with an attached garage.

Last Agent to Sell the Property

Oscar Jimenez

First Team Real Estate License #01260075 Listed on: 08/24/2021

First Team Real Estate

Last Buyer's Agent

Lubin Montalvo

PAK HOME REALTY License #01770231

PAK HOME REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,246

Year Built

  • Built in 1940

Lot Details

  • 7,202 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Chain Link Fence
  • Back Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Contemporary Architecture
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,797 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Suburban Location
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV, electricity, exterior maintenance, gas
  • Legal Lot and Block 29 / E
  • Tax Tract Number 63005
  • Assessor Parcel Number 7303016018
  • $2,865 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • North Long Beach Subdivision

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gardener Expense $680
  • Insurance Expense $1,100
  • Trash Expense $98
  • Water Sewer Expense $1,440
  • New Taxes Expense $2,865
  • Operating Expense $6,186
  • Gross Income $31,500
  • Net Operating Income $25,314

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,246

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 337500
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Subdivision Name Other: North Long Beach (NLB)
  • View: Yes
  • Water Sewer Expenses: 1440.00
  • Zoning: LBR1N
  • Architectural Style: Contemporary
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 680.00
  • Parcel Number: 7303016018
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 375.63
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 98.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 7202.00
  • Lot Size Acres: 0.1653

Rental Info

  • Tenant Pays: Cable TV, Electricity, Exterior Maintenance, Gas

Multi Family

  • Gross Operating Income: 31500.00
  • Gross Scheduled Income: 31500.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 7202.0000 Square Feet
  • Net Operating Income: 25314.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Operating Expense: 6186.00
  • Rent Control: Yes
  • Total Actual Rent: 2625.00
  • Total Expenses: 6186.00

Tax Info

  • New Taxes Expense: 2865.00
  • Tax Block: E
  • Tax Census Tract: 5704.04
  • Tax Lot: 29
  • Tax Tract Number: 63005
  • TaxOtherAnnualAssessmentAmount: 2865.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2021
Closed on
Jun 30, 2021
Sold by
Guerrero Cayetano and Guerrero Patricia
Bought by
Lainez William and Lainez Rosa M
Seller's Agent
Oscar Jimenez
First Team Real Estate
Buyer's Agent
Lubin Montalvo
PAK HOME REALTY
List Price
$675,000
Sold Price
$675,000
Current Estimated Value
$824,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,900
Avg. Annual Appreciation
5.62%
Original Mortgage
$506,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2004
Sold by
Guerrero Jose Luis and Guerrero Cayetano
Bought by
Guerrero Cayetano and Guerrero Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
5.69%
Mortgage Type
Unknown
Source: Public Records

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Range of Values:

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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
Lainez William $675,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lainez William $506,250
Previous Owner Guerrero Cayetano $190,000
Previous Owner Guerrero Cayetano $12,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2021 08/24/21 For Sale $675,000 0.0% $376 / Sq Ft
08/23/2021 08/23/21 Sold $675,000 -- $376 / Sq Ft
06/18/2021 06/18/21 Pending -- -- --
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
2024 $9,246 $702,270 $416,160 $286,110
2023 $9,100 $688,500 $408,000 $280,500
2022 $8,554 $675,000 $400,000 $275,000
2021 $2,873 $198,374 $75,196 $123,178
2020 $2,865 $196,340 $74,425 $121,915
2019 $2,831 $192,491 $72,966 $119,525
2018 $2,661 $188,718 $71,536 $117,182
2016 $2,442 $181,392 $68,759 $112,633
2015 $2,348 $178,669 $67,727 $110,942
2014 $2,342 $175,170 $66,401 $108,769
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21130730

California Regional Multiple Listing Service (CRMLS)

APN: 7303-016-018