NOT LISTED FOR SALE

2117 E 7th St Long Beach, CA 90804

Hellman Neighborhood

Estimated Value: $713,247

2 Beds
3 Baths
3,081 Sq Ft
$231/Sq Ft Est. Value

Last Sold June 17, 2016

Last sale price $499,000 $162 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,384/month

Highlights

  • Outdoor Fireplace
  • No HOA
  • Laundry Room
  • Woodrow Wilson High School Rated A
  • Living Room
  • Ceiling Fan

About This Home

As of June 2016

4-29: Deal fell thru, this is a steal now.* 2 clean stores + detached 2 bed SFR in back, all in excellent condition, on best retail street in Long Beach. Huge upside: long term tenants, rents are ridiculous. 3081 total sq ft, on 40 x 135 lot (5400 sq ft). Good curb, separate electric meters, great Rose Park area. 92 walkscore! 3 blocks from 4th Street's "retro row", .8 mile to beach. Zillow predicts 11.1% appreciation here next year. Hypnotherapist pays $750 mo. to mo.. Antique store pays $950 mo. to mo., has been there forever. SFR in back pays $1150 mo. to mo., been there forever also. LBCNR zoning allows myriad uses - see list in supplements.

Last Agent to Sell the Property

Leo Nordine

Nordine Realtors, Inc. License #00961679 Listed on: 04/29/2016

Last Buyer's Agent

Phuong Ton-Nu

First Real Estate Services License #01405274

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 5,408 Sq Ft Lot
  • Lot Dimensions are 40 x 135
  • No Common Walls
  • South Facing Home
  • Density is 2-5 Units/Acre

Home Design

  • Entry on the 1st floor
  • Flat Roof Shape
  • Frame Construction
  • Synthetic Roof
  • Wood Siding

Interior Spaces

  • 3,081 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Fireplace
  • Living Room
  • Window Bars
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Outdoor Fireplace
  • Exterior Lighting

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 7262023026

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: Window Bars
  • View: No
  • Zoning: LBCNR
  • Property Type: Residential Income
  • Parcel Number: 7262023026
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Outside
  • Levels: One
  • Price Per Square Foot: 161.96
  • Room Type: Living Room

Exterior Features

  • Direction Faces: South
  • Pool Private: No
  • Roof: Flat, Synthetic
  • Spa: No
  • Construction Materials: Frame, Wood Siding

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size: 40 x 135
  • Lot Size Sq Ft: 5408.00
  • Price Per Lot Square Foot: 92.27

Multi Family

  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Actual Rent: 2850.00

Tax Info

  • Tax Lot: 12
  • Tax Tract Number: 34o5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2016
Closed on
May 27, 2016
Sold by
Cheung Bradford and Cheung Diane
Bought by
Nguyen Sang
Seller's Agent
Leo Nordine
Nordine Realtors, Inc.
Buyer's Agent
Phuong Ton-Nu
First Real Estate Services
List Price
$499,000
Sold Price
$499,000
Current Estimated Value
$713,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,247
Avg. Annual Appreciation
3.77%

Purchase Details

Closed on
Feb 8, 2005
Sold by
Lim Kim Lee
Bought by
Cheung Bradford and Cheung Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,250
Interest Rate
5.84%
Mortgage Type
Commercial

Purchase Details

Closed on
May 13, 2002
Sold by
Joki Susan L and Obeid Colleen
Bought by
Lim Kim Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 19, 2001
Sold by
Joki Robert L
Bought by
Fuller Susan L
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
Nguyen Sang $470,000 Usa National Title Company
Cheung Bradford $459,000 Chicago Title Co
Lim Kim Lee $110,000 Chicago Title
Fuller Susan L -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cheung Bradford $344,250
Previous Owner Lim Kim Lee $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2016 06/17/16 Sold $499,000 0.0% $162 / Sq Ft
04/29/2016 04/29/16 Pending -- -- --
04/29/2016 04/29/16 For Sale $499,000 -- $162 / 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 $7,762 $556,378 $366,974 $189,404
2024 $7,762 $545,470 $359,779 $185,691
2023 $7,625 $534,775 $352,725 $182,050
2022 $7,175 $524,290 $345,809 $178,481
2021 $7,012 $514,011 $339,029 $174,982
2020 $6,994 $508,741 $335,553 $173,188
2019 $6,913 $498,767 $328,974 $169,793
2018 $6,650 $488,988 $322,524 $166,464
2016 $6,932 $540,460 $246,091 $294,369
2015 $6,663 $532,343 $242,395 $289,948
2014 $6,613 $521,916 $237,647 $284,269
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Leo Nordine

    Nordine Realtors, Inc.

    Section Image

  • P

    Buyer's Agent in 2016

    Phuong Ton-Nu

    First Real Estate Services

    (714) 720-8901

    19 Total Sales

    Phuong Ton-Nu
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16090641

California Regional Multiple Listing Service (CRMLS)

APN: 7262-023-026

California Los Angeles County Long Beach 90804 Hellman

2117 E 7th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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