NOT LISTED FOR SALE

Estimated Value: $1,250,416 - $1,371,000

3 Beds
1 Bath
4,424 Sq Ft
$293/Sq Ft Est. Value

Last Sold February 16, 2012

Last sale price $470,000 $106 Per Sq Ft

Est. 175% increase in value since last sale

Current estimated payment $7,379/month

94 Days on Market

About This Home

As of February 2012

Great income property in north Long Beach area. Each unit is 3 bedrooms and 1 bath.

Last Agent to Sell the Property

Lisa Harris

RE/MAX College Park Realty License #01123960 Listed on: 10/18/2011

RE/MAX College Park Realty

Last Buyer's Agent

Tuan Nguyen

Taberd Realty License #01421143

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 4,905

Parking

  • 3 Parking Spaces

Home Design

  • 4,424 Sq Ft Home
  • Modern Architecture
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Additional Features

  • 4,905 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 2 / 2
  • Tax Tract Number 8201
  • Assessor Parcel Number 7303012031

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1
  • New Taxes Expense $5,625
  • Gross Income $3,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Assessments: No
  • View: No
  • Architectural Style: Modern
  • Property Type: Residential Income
  • Parcel Number: 7303012031
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: Yes
  • Price Per Square Foot: 106.24

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 4905.00
  • Lot Size Acres: 0.1100

Multi Family

  • Gross Income: 3600.00
  • Gross Multiplier: 10.42
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 1.00
  • Lot Size Area: 4905.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4

Tax Info

  • New Taxes Expense: 5625.00
  • Tax Area: 5492
  • Tax Block: 2
  • Tax Lot: 2
  • Tax Tract Number: 8201

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2011
Closed on
Feb 8, 2012
Sold by
Dial Robert L and Warren Dial Trenae S
Bought by
Gallegos Lopez Gabriel
Seller's Agent
Lisa Harris
RE/MAX College Park Realty
Buyer's Agent
Tuan Nguyen
Taberd Realty
List Price
$450,000
Sold Price
$470,000
Premium/Discount to List
$20,000
4.44%
Current Estimated Value
$1,294,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$824,104
Avg. Annual Appreciation
7.54%
Original Mortgage
$352,500
Outstanding Balance
$241,151
Interest Rate
3.86%
Mortgage Type
New Conventional
Estimated Equity
$1,052,953

Purchase Details

Listed on
Oct 18, 2011
Closed on
Jan 10, 2012
Sold by
Rosado Elena Adriana Dominguez
Bought by
Gallegos Lopez Gabriel
Seller's Agent
Lisa Harris
RE/MAX College Park Realty
Buyer's Agent
Tuan Nguyen
Taberd Realty
List Price
$450,000
Sold Price
$470,000
Premium/Discount to List
$20,000
4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,500
Outstanding Balance
$241,151
Interest Rate
3.86%
Mortgage Type
New Conventional
Estimated Equity
$1,052,953

Purchase Details

Closed on
Jan 14, 2005
Sold by
Dial Robert L and Warren Dial Trenae S
Bought by
Dial Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 2004
Sold by
Dial Robert L and Warren Dial Trenae S
Bought by
Dial Robert L

Purchase Details

Closed on
Feb 28, 2002
Sold by
Parker Tarik
Bought by
Dial Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,600
Interest Rate
9.12%

Purchase Details

Closed on
Oct 9, 1996
Sold by
Federal National Mortgage Association
Bought by
Parker Tarik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,250
Interest Rate
8.06%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 19, 1996
Sold by
Orth Debra L and Federal National Mortgage Asso
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 17, 1995
Sold by
Orth Debra L
Bought by
Atlantic Capital Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gallegos Lopez Gabriel $470,000 Fatcola
Gallegos Lopez Gabriel -- First American Title Co La
Dial Robert L -- Security Union Title Ins
Dial Robert L -- --
Dial Robert $332,000 Landsafe Title
Parker Tarik $155,000 Landsafe Title
Federal National Mortgage Association $140,000 First American Title Ins Co
Atlantic Capital Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallegos Lopez Gabriel $352,500
Previous Owner Dial Robert L $476,000
Previous Owner Dial Robert $265,600
Previous Owner Parker Tarik $150,250
Closed Dial Robert $66,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2012 02/16/12 Sold $470,000 +4.4% $106 / Sq Ft
01/20/2012 01/20/12 Pending -- -- --
10/18/2011 10/18/11 For Sale $450,000 -- $102 / 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 $8,147 $590,337 $251,206 $339,131
2024 $8,147 $578,763 $246,281 $332,482
2023 $8,008 $567,415 $241,452 $325,963
2022 $7,536 $556,290 $236,718 $319,572
2021 $7,362 $545,383 $232,077 $313,306
2019 $7,258 $529,469 $225,195 $304,274
2018 $7,006 $519,093 $220,780 $298,313
2017 $6,933 $508,660 $216,451 $292,209
2016 $6,427 $498,687 $212,207 $286,480
2015 $6,180 $491,197 $209,020 $282,177
2014 $6,153 $481,576 $204,926 $276,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P800673

California Regional Multiple Listing Service (CRMLS)

APN: 7303-012-031