T
Seller's Agent in 2015
Thomas Leventhal
Home Smart Realty Group
(562) 787-5681
1 in this area
4 Total Sales
2020 Martin Luther King jr Ave Unit 1 Long Beach, CA 90806
Sunrise NeighborhoodEstimated Value: $1,054,000 - $1,221,000
2
Beds
1
Bath
3,140
Sq Ft
$354/Sq Ft
Est. Value
About This Home
As of October 2015Perfect for a first time or experienced investor, this well maintained building contains four 2 bedroom 1 bath units in a quiet neighborhood. All the units have been renovated within the last four years. The roof was replaced just five years ago and a new water heater was installed 2 years ago. A one year old (purchased, not leased) coin operated washer and dryer produce extra income and are included in the sale. No garages, but there is gated unassigned parking on site.
The property is close to local bus lines and very near Long Beach City College. Neighborhood amenities include a small grocery store and the Pacific Winds Art Park. Local schools include Theodore Roosevelt Middle School, a newly constructed campus and Poly High, an award winning school.
Current rents are below Market for the area and there is no rent control in Long Beach.
Last Agent to Sell the Property
Home Smart Realty Group License #01923284 Listed on: 08/24/2015
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,488
Year Built
- Built in 1964
Lot Details
- 4,279 Sq Ft Lot
- Two or More Common Walls
Home Design
- 3,140 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Parking
- Parking Available
- Unassigned Parking
Additional Features
- Free-Standing Range
- Exterior Lighting
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Tax Lot 11
- Tax Tract Number 5733
- Assessor Parcel Number 7210021026
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- Insurance Expense $1,200
- Pest Control $540
- Professional Management Expense $4,878
- Trash Expense $960
- Water Sewer Expense $960
- Gross Income $3,700
- Net Operating Income $34,902
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 24, 2015
Closed on
Oct 7, 2015
Sold by
Moreno German
Bought by
Moreno Rosalva
Seller's Agent
Thomas Leventhal
Home Smart Realty Group
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$600,000
Sold Price
$600,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$510,531
Avg. Annual Appreciation
6.35%
Original Mortgage
$450,000
Interest Rate
3.87%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 24, 2015
Closed on
Sep 9, 2015
Sold by
Mudrak Michael
Bought by
Moreno Douglas and Moreno Rosalva
Seller's Agent
Thomas Leventhal
Home Smart Realty Group
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$600,000
Sold Price
$600,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
3.87%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 17, 2004
Sold by
Denk Tyler K
Bought by
Mudrak Michael and Mudrak Kathryn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 30, 2003
Sold by
Morrison Archibald
Bought by
Denk Tyler K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 6, 2003
Sold by
Ing Richard
Bought by
Morrison Archibald
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,450
Interest Rate
8.37%
Purchase Details
Closed on
Aug 28, 2002
Sold by
Terrones Walter
Bought by
Ing Richard
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,200
Interest Rate
5.95%
Purchase Details
Closed on
Dec 18, 1998
Sold by
Terrones Eraline Maria
Bought by
Terrones Walter
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,400
Interest Rate
6.91%
Purchase Details
Closed on
Dec 10, 1998
Sold by
Wilshire Funding Corp
Bought by
Terrones Walter
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,400
Interest Rate
6.91%
Purchase Details
Closed on
May 27, 1998
Sold by
Lopez Agustin
Bought by
Wilshire Funding Corp
Purchase Details
Closed on
May 28, 1997
Sold by
Gomez Cynthia
Bought by
Lopez Agustin and Lopez Jasmin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,406
Interest Rate
7.93%
Mortgage Type
FHA
Purchase Details
Closed on
May 19, 1997
Sold by
Theam Pong
Bought by
Rodriguez Pedro
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,406
Interest Rate
7.93%
Mortgage Type
FHA
Purchase Details
Closed on
Dec 17, 1993
Sold by
Long Beach Bank Fsb
Bought by
Theam Pong
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.21%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Moreno Rosalva | -- | Ticor Title | |
| Moreno Douglas | $600,000 | Ticor Title | |
| Mudrak Michael | $505,000 | Southland Title Corporation | |
| Denk Tyler K | $425,000 | Southland Title Corporation | |
| Morrison Archibald | $369,909 | Commonwealth Land Title Co | |
| Ing Richard | $319,000 | Southland Title | |
| Terrones Walter | -- | Benefit Land Title | |
| Terrones Walter | $157,000 | Benefit Land Title | |
| Wilshire Funding Corp | $170,000 | Benefit Land Title Ins Co | |
| Lopez Agustin | $280,000 | -- | |
| Rodriguez Pedro | $150,000 | Orange Coast Title | |
| Theam Pong | $130,000 | Southern California Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Moreno Douglas | $450,000 | |
| Previous Owner | Mudrak Michael | $404,000 | |
| Previous Owner | Denk Tyler K | $340,000 | |
| Previous Owner | Morrison Archibald | $328,450 | |
| Previous Owner | Ing Richard | $255,200 | |
| Previous Owner | Terrones Walter | $159,400 | |
| Previous Owner | Lopez Agustin | $268,406 | |
| Previous Owner | Theam Pong | $104,000 | |
| Closed | Denk Tyler K | $42,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/31/2015 10/31/15 | Sold | $600,000 | 0.0% | $191 / Sq Ft |
| 09/04/2015 09/04/15 | Pending | -- | -- | -- |
| 08/24/2015 08/24/15 | For Sale | $600,000 | -- | $191 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,488 | $710,272 | $295,947 | $414,325 |
| 2024 | $9,488 | $696,346 | $290,145 | $406,201 |
| 2023 | $9,325 | $682,693 | $284,456 | $398,237 |
| 2022 | $8,764 | $669,308 | $278,879 | $390,429 |
| 2021 | $8,576 | $656,185 | $273,411 | $382,774 |
| 2019 | $8,453 | $636,724 | $265,302 | $371,422 |
| 2018 | $8,186 | $624,240 | $260,100 | $364,140 |
| 2016 | $7,527 | $600,000 | $250,000 | $350,000 |
| 2015 | $7,303 | $597,408 | $354,898 | $242,510 |
| 2014 | $7,265 | $585,707 | $347,947 | $237,760 |
Source: Public Records
Agents Affiliated with this Home
-
Thomas Leventhal
-
Beryl Henry
Seller Co-Listing Agent in 2015
Beryl Henry
Berkshire Hathaway HomeServices California Properties
(562) 430-4248
15 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2015
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
4 in this area
5,978 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW15187550
APN: 7210-021-026
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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