NOT LISTED FOR SALE

2010 Martin Luther King jr Ave Long Beach, CA 90806

Sunrise Neighborhood

Estimated Value: $1,165,000 - $1,284,000

8 Beds
4 Baths
3,080 Sq Ft
$392/Sq Ft Est. Value

Last Sold March 01, 2019

Last sale price $815,000 $265 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $7,566/month

145 Days on Market

Highlights

  • No HOA
  • Paved or Partially Paved Lot
  • 5-minute walk to Martin Luther King Jr Park
  • Long Beach Polytechnic High School Rated A

About This Home

As of March 2019

This home is located at 2010 Martin Luther King jr Ave, Long Beach, CA 90806 since 31 August 2018 and is currently estimated at $1,206,580, approximately $391 per square foot. This property was built in 1964. 2010 Martin Luther King jr Ave is a home located in Los Angeles County with nearby schools including Signal Hill Elementary School, Nelson Academy, and Long Beach Polytechnic High School.

Last Agent to Sell the Property

Steve Vong

First American Team Realty Inc License #01273285 Listed on: 08/31/2018

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,903

Year Built

  • Built in 1964

Lot Details

  • 4,252 Sq Ft Lot
  • Two or More Common Walls
  • No Landscaping
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • 3,080 Sq Ft Home
  • Split Level Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 11 / A
  • Assessor Parcel Number 7210021027

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Water Sewer Expense $2,100
  • New Taxes Expense $9,938
  • Operating Expense $12,938
  • Gross Income $50,484
  • Net Operating Income $37,546

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,903

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 2100.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7210021027
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Multi/Split
  • Price Per Square Foot: 264.61

Exterior Features

  • Pool Private: No

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Level, No Landscaping, Paved
  • Lot Size Sq Ft: 4252.00
  • Lot Size Acres: 0.0976

Multi Family

  • Gross Income: 50484.00
  • Gross Scheduled Income: 50484.00
  • Insurance Expense: 900.00
  • Lot Size Area: 4252.0000 Square Feet
  • Net Operating Income: 37546.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 12938.00
  • Rent Control: No
  • Total Actual Rent: 4886.00
  • Total Expenses: 12938.00

Tax Info

  • New Taxes Expense: 9938.00
  • Tax Block: A
  • Tax Census Tract: 5733.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2018
Closed on
Mar 7, 2019
Sold by
Vijayaraghavan Naveen and Sheshadri Mala
Bought by
Growth Vertical Llc
Seller's Agent
Steve Vong
First American Team Realty Inc
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$819,000
Sold Price
$815,000
Premium/Discount to List
-$4,000
-0.49%
Current Estimated Value
$1,206,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$391,580
Avg. Annual Appreciation
5.94%
Original Mortgage
$611,250
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 31, 2018
Closed on
Jan 30, 2019
Sold by
Som Sony N and Som Family Trust
Bought by
Vijayaraghavan Naveen and Sheshadri Mala
Seller's Agent
Steve Vong
First American Team Realty Inc
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$819,000
Sold Price
$815,000
Premium/Discount to List
-$4,000
-0.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$611,250
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2013
Sold by
Som Sony N
Bought by
Som Sony N and The Som Family Trust

Purchase Details

Closed on
Oct 11, 2012
Sold by
Som Sony N
Bought by
Som Sony N and The Som Family Trust

Purchase Details

Closed on
Oct 25, 2001
Sold by
The Som Family Trust
Bought by
Som Vothy C and Som Sony M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.84%

Purchase Details

Closed on
Jun 19, 1999
Sold by
Som Vothy C
Bought by
The Som Family Trust

Purchase Details

Closed on
Sep 12, 1994
Sold by
Federal National Mortgage Association
Bought by
Som Vothy C and Som Sony N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
8.54%

Purchase Details

Closed on
Aug 2, 1994
Sold by
Standard Trust Deed Service Company
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
8.54%
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
Growth Vertical Llc -- None Available
Vijayaraghavan Naveen $815,000 Chicago Title Co
Som Sony N -- None Available
Som Sony N -- None Available
Som Vothy C -- First American Title Co
The Som Family Trust -- --
Som Vothy C $120,000 Fidelity National Title Ins
Federal National Mortgage Association $205,332 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sheshadri Mala $597,501
Previous Owner Vijayaraghavan Naveen $611,250
Previous Owner Som Vothy C $384,000
Previous Owner Som Vothy C $210,000
Previous Owner Som Vothy C $145,000
Previous Owner Som Vothy C $102,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2019 03/01/19 Sold $815,000 -0.5% $265 / Sq Ft
01/23/2019 01/23/19 Pending -- -- --
01/18/2019 01/18/19 For Sale $819,000 +0.5% $266 / Sq Ft
01/16/2019 01/16/19 Off Market $815,000 -- --
12/31/2018 12/31/18 For Sale $795,000 -2.5% $258 / Sq Ft
10/28/2018 10/28/18 Off Market $815,000 -- --
08/31/2018 08/31/18 For Sale $795,000 -- $258 / 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 $11,903 $909,143 $446,205 $462,938
2024 $11,903 $891,317 $437,456 $453,861
2023 $11,700 $873,841 $428,879 $444,962
2022 $10,990 $856,708 $420,470 $436,238
2021 $10,761 $839,911 $412,226 $427,685
2020 $10,733 $831,300 $408,000 $423,300
2019 $3,660 $240,747 $105,389 $135,358
2018 $3,496 $236,027 $103,323 $132,704
2016 $3,210 $226,863 $99,312 $127,551
2015 $3,093 $223,457 $97,821 $125,636
2014 $3,093 $219,080 $95,905 $123,175
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18213869

California Regional Multiple Listing Service (CRMLS)

APN: 7210-021-027