NOT LISTED FOR SALE

Estimated Value: $833,000 - $962,000

4 Beds
3 Baths
1,948 Sq Ft
$452/Sq Ft Est. Value

Last Sold March 12, 2018

Last sale price $525,000 $270 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $5,262/month

14 Days on Market

Highlights

  • Open Floorplan
  • Private Yard
  • Neighborhood Views
  • Property is near a park
  • No HOA
  • 3 Car Direct Access Garage

About This Home

As of March 2018

Single level Duplex with great investment opportunity near mass transit, shopping, library, parks and schools. Owner can live in one and rent out the second to off set monthly mortgage. Great for families with older relatives who still want their privacy because no direct access to each other and no steps throughout both units. 205 Sunset features 2 spacious bedroom, 2 full bathrooms, 1 master bath and the 2nd bath is convenient for 2nd bedroom and guest alike. The front yard and garden is equipped with automatic watering system and has a lot of direct sun for growing plants and flowers. The fenced in back yard has a covered patio with direct access to the 2 car attached garage. The laundry room has direct access to the covered patio to minimum noise levels in the house for sleeping babies . 5158 Pine Ave features 2 spacious bedrooms, 1 shared bathroom, front garden area, fenced in back yard, and 1 car garage with laundry area extension and direct access into house. This Duplex is priced to sell fast in "As Is" condition. Please do not disturb tenants, drive by only. Showing of property granted upon full executed contract.

Last Agent to Sell the Property

Chris Morrissey

Bullock Russell RE Services License #01989237 Listed on: 01/21/2018

Bullock Russell RE Services

Last Buyer's Agent

Sonny Tan

Pinnacle Real Estate Group License #01201341

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 4,497 Sq Ft Lot
  • Lot Dimensions are 50' x 90'
  • 1 Common Wall
  • South Facing Home
  • Wood Fence
  • Block Wall Fence
  • Fence is in fair condition
  • Rectangular Lot
  • Level Lot
  • Drip System Landscaping
  • Front Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard
  • Lawn
  • Garden
  • Back and Front Yard

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Driveway Up Slope From Street

Home Design

  • Duplex
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Fixer Upper
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco
  • Cedar

Interior Spaces

  • 1,948 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Entryway
  • Living Room
  • Center Hall
  • Neighborhood Views
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Water Line To Refrigerator
  • Dishwasher
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • 220 Volts In Laundry
  • Washer and Electric Dryer Hookup

Accessible Home Design

  • Doors swing in
  • No Interior Steps
  • More Than Two Accessible Exits
  • Accessible Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park
  • Property is near public transit
  • Suburban Location

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Overhead Utilities
  • 220 Volts in Garage
  • 220 Volts in Kitchen
  • Water Heater
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, HVAC maintenance, telephone
  • Tax Lot 1556
  • Tax Tract Number 5134
  • Assessor Parcel Number 7131027033

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Water Meter
  • Gardener Expense $50
  • Insurance Expense $40
  • Trash Expense $150
  • New Taxes Expense $126
  • Operating Expense $466
  • Gross Income $2,377
  • Net Operating Income $1,911

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • Subdivision Name Other: North Long Beach (NLB)
  • View: Yes
  • Zoning: LBR1N
  • Property Condition: Fixer, Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 50.00
  • Parcel Number: 7131027033
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Formica Counters, Open Floorplan
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Accessibility Features: 2+ Access Exits, Doors - Swing In, No Interior Steps, Parking
  • Appliances: Yes
  • Door Features: Sliding Doors
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 269.51
  • Room Type: All Bedrooms Down, Center Hall, Entry, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom
  • Window Features: Blinds

Exterior Features

  • Direction Faces: South
  • Foundation: Slab
  • Exterior Features: Lighting, Satellite Dish
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Fair Condition, Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Cedar, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Concrete, Driveway Up Slope From Street, Garage, Garage Faces Front, Garage - Single Door, No Driveway
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Cooktop, Disposal, Range Hood, Vented Exhaust Fan, Water Heater, Water Line to Refrigerator
  • Electric: 220 Volts in Garage, 220 Volts in Kitchen, 220 Volts in Laundry, Standard
  • Heating Type: Wall Furnace, Electric
  • Laundry Features: Electric Dryer Hookup, In Garage, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 150.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Lawn, Rectangular Lot, Level, Near Public Transit, Park Nearby, Sprinklers Drip System, Sprinklers In Front, Sprinklers Timer, Utilities - Overhead, Yard
  • Lot Size: 50' x 90'
  • Lot Size Sq Ft: 4497.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, HVAC Maintenance, Telephone

Multi Family

  • Gross Operating Income: 2376.50
  • Gross Scheduled Income: 2450.00
  • Insurance Expense: 40.00
  • Net Operating Income: 1910.50
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Operating Expense: 466.00
  • Rent Control: No
  • Total Actual Rent: 2450.00
  • Total Expenses: 466.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 126.00
  • Tax Area: 4-992
  • Tax Census Tract: 5717.03
  • Tax Lot: 1556
  • Tax Tract Number: 5134

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2018
Closed on
Feb 8, 2018
Sold by
Young M Sandra and The M Sandra Young Living Trus
Bought by
Kim San and Khuy Chantha
Seller's Agent
Chris Morrissey
Bullock Russell RE Services
Buyer's Agent
Sonny Tan
Pinnacle Real Estate Group
List Price
$495,000
Sold Price
$525,000
Premium/Discount to List
$30,000
6.06%
Current Estimated Value
$880,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$355,961
Avg. Annual Appreciation
6.86%
Original Mortgage
$393,750
Outstanding Balance
$334,800
Interest Rate
4.15%
Mortgage Type
New Conventional
Estimated Equity
$546,161

Purchase Details

Closed on
May 26, 2010
Sold by
Young M Sandra and Pauline M King Revocable Trust
Bought by
Young M Sandra and The M Sandra Young Living Trus
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kim San $525,000 First American Title Company
Young M Sandra -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim San $393,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2018 03/12/18 Sold $525,000 +6.1% $270 / Sq Ft
02/04/2018 02/04/18 Pending -- -- --
01/21/2018 01/21/18 For Sale $495,000 -- $254 / 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 $7,768 $597,356 $341,347 $256,009
2024 $7,768 $585,644 $334,654 $250,990
2023 $7,638 $574,162 $328,093 $246,069
2022 $7,175 $562,905 $321,660 $241,245
2021 $7,029 $551,868 $315,353 $236,515
2019 $6,929 $535,500 $306,000 $229,500
2018 $1,340 $81,606 $20,225 $61,381
2016 $1,226 $78,440 $19,441 $58,999
2015 $1,184 $77,262 $19,149 $58,113
2014 $1,189 $75,749 $18,774 $56,975
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18015510

California Regional Multiple Listing Service (CRMLS)

APN: 7131-027-033