$485,000
SOLD AUG 31, 2012
-- Bed
-- Bath
4,158 Sq Ft
6,245 Sq Ft Lot

Recently Sold

$117 Per Sq Ft

8% Above List Price

84 Days on Market

Highlights

  • Contemporary Architecture
  • Long Beach Polytechnic High School Rated A
  • No Heating

About This Home

As of October 2020

Property is in good conition. Each unit has new carpet and new paint (within one year old). All units have private garages. Three bedroom has a double garage. Offers are subject to interior inspection and lender approval. Broker needs skilled short-sale agents to negotiate the sale. Only one lender.

Last Agent to Sell the Property

Larry Jolly

Larry Jolly Real Estate License #00629461 Listed on: 05/18/2012

Last Buyer's Agent

Nivia Licardie

eXp Realty License #01329390

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,444

Year Built

  • Built in 1965

Parking

  • 5 Parking Spaces

Home Design

  • 4,158 Sq Ft Home
  • Contemporary Architecture
  • Stucco

Additional Features

  • 6,245 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Legal Lot and Block 11 / C
  • Tax Tract Number 1
  • Assessor Parcel Number 7208025023

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Water Meters
  • Electric Expense $30
  • Gardener Expense $50
  • Water Sewer Expense $195
  • New Taxes Expense $5,397
  • Gross Income $5,120
  • Net Operating Income $4,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,444

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 0.93
  • View: No
  • Water Sewer Expenses: 195.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 50.00
  • Parcel Number: 7208025023
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 116.64

Exterior Features

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

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 5.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6245.00
  • Lot Size Acres: 0.1430

Multi Family

  • Electric Expense: 30.00
  • Gross Income: 5120.00
  • Gross Multiplier: 87.89
  • Gross Scheduled Income: 5120.00
  • Lot Size Area: 6245.0000 Square Feet
  • Net Operating Income: 4200.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 250.00

Tax Info

  • New Taxes Expense: 5397.00
  • Tax Area: 11934
  • Tax Block: C
  • Tax Lot: 11
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2020
Closed on
Sep 30, 2020
Sold by
Dong Wei
Bought by
Uray Sean
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Marc Coppock
First Team Real Estate
List Price
$1,199,000
Sold Price
$1,175,000
Premium/Discount to List
-$24,000
-2%
Current Estimated Value
$1,563,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$388,177
Avg. Annual Appreciation
6.18%
Original Mortgage
$881,250
Outstanding Balance
$785,974
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$777,203

Purchase Details

Listed on
Apr 14, 2018
Closed on
Jul 6, 2018
Sold by
Huss Adam E
Bought by
Dong Wei and Wei Dong Family Trust
Seller's Agent
Adam Huss
Huss Real Estate
Buyer's Agent
Luke Lu
Supcom Properties
List Price
$1,050,000
Sold Price
$975,000
Premium/Discount to List
-$75,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.53%

Purchase Details

Listed on
May 18, 2012
Closed on
Jul 24, 2012
Sold by
Rodriguez Jesus
Bought by
Huss Adam E and Mattheson Megan P
Seller's Agent
Larry Jolly
Larry Jolly Real Estate
Buyer's Agent
Nivia Licardie
eXp Realty
List Price
$450,000
Sold Price
$485,000
Premium/Discount to List
$35,000
7.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.61%
Original Mortgage
$363,700
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2004
Sold by
Shayestehjah Tahereh A
Bought by
Rodriguez Jesus S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$514,500
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 23, 1996
Sold by
Home Svgs Of America Fsb
Bought by
White Gary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,709
Interest Rate
7.91%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 9, 1996
Sold by
Johnson Joe D and Karns Johnson Nancy L
Bought by
Home Svgs Of America Fsb
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Grant Deed $1,175,000 First American Title Company
Grant Deed $975,000 Chicago Title Company
Grant Deed $485,000 Chicago Title Company
Grant Deed $735,000 Lawyers Title Company
Corporate Deed $139,000 Investors Title Company
Trustee Deed $144,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $881,250 New Conventional
Previous Owner $363,700 New Conventional
Previous Owner $692,000 Fannie Mae Freddie Mac
Previous Owner $514,500 Purchase Money Mortgage
Previous Owner $360,000 Unknown
Previous Owner $50,000 Stand Alone Second
Previous Owner $195,000 Unknown
Previous Owner $162,709 FHA
Closed $147,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2020 10/27/20 Sold $1,175,000 -0.8% $283 / Sq Ft
10/22/2020 10/22/20 Pending -- -- --
09/15/2020 09/15/20 Price Changed $1,185,000 -1.2% $285 / Sq Ft
08/14/2020 08/14/20 For Sale $1,199,000 +2.0% $288 / Sq Ft
08/12/2020 08/12/20 Off Market $1,175,000 -- --
07/07/2020 07/07/20 Price Changed $1,199,000 -2.1% $288 / Sq Ft
06/22/2020 06/22/20 Price Changed $1,225,000 -2.0% $295 / Sq Ft
06/03/2020 06/03/20 For Sale $1,250,000 +28.2% $301 / Sq Ft
07/17/2018 07/17/18 Sold $975,000 -2.5% $234 / Sq Ft
07/02/2018 07/02/18 Pending -- -- --
04/24/2018 04/24/18 Price Changed $1,000,000 -4.8% $241 / Sq Ft
04/14/2018 04/14/18 For Sale $1,050,000 0.0% $253 / Sq Ft
12/05/2012 12/05/12 Rented $1,200 0.0% --
12/05/2012 12/05/12 Under Contract -- -- --
09/04/2012 09/04/12 For Rent $1,200 0.0% --
08/31/2012 08/31/12 Sold $485,000 +7.8% $117 / Sq Ft
08/10/2012 08/10/12 Pending -- -- --
05/18/2012 05/18/12 For Sale $450,000 -- $108 / 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 $16,444 $1,271,857 $541,216 $730,641
2024 $16,444 $1,246,919 $530,604 $716,315
2023 $16,169 $1,222,470 $520,200 $702,270
2022 $15,184 $1,198,500 $510,000 $688,500
2021 $14,874 $1,175,000 $500,000 $675,000
2019 $12,664 $975,000 $300,000 $675,000
2018 $7,063 $524,893 $216,451 $308,442
2016 $6,483 $504,513 $208,047 $296,466
2015 $6,233 $496,935 $204,922 $292,013
2014 $6,207 $487,201 $200,908 $286,293
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P822474

California Regional Multiple Listing Service (CRMLS)

APN: 7208-025-023