$440,000
SOLD MAY 16, 2014
4 Beds
3 Baths
2,672 Sq Ft
6,262 Sq Ft Lot

Recently Sold

$165 Per Sq Ft

10% Below List Price

121 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Zero Lot Line
  • Long Beach Polytechnic High School Rated A

About This Home

As of May 2014

Great Tri-plex in a Desirable Rental Area of Long Beach, close to Shopping Centers and Public Transportation. Front Unit is 2 Bedrooms 1 Bath approx. 1,048 sq.ft, with a 1 Car garage and large driveway, Additional 2 rear Units are 1 Bedroom one Bathroom each approx. 740 sq.ft. each units with 1 car garage, Seller will make necessary repairs to pass FHA standards, This Tri-plex has a Nice Yard area in between Front home and Apartments.

Last Agent to Sell the Property

Martin Gonzalez

Realty Executives All Cities License #01204139 Listed on: 11/16/2013

Realty Executives All Cities

Co-Listed By

Maribel Gallardo

MC Realty Group, Inc. License #01815859

Last Buyer's Agent

Martin Gonzalez

Realty Executives All Cities License #01204139 Listed on: 11/16/2013

Realty Executives All Cities

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,296

Year Built

  • Built in 1938

Lot Details

  • 6,262 Sq Ft Lot
  • 1 Common Wall
  • Zero Lot Line

Parking

  • 3 Car Garage

Home Design

  • 2,672 Sq Ft Home
  • Contemporary Architecture
  • Property Attached
  • Composition Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, gas, trash collection
  • Legal Lot and Block 9 / B
  • Assessor Parcel Number 7205030021

Community Details

Overview

  • No Home Owners Association
  • 23 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Insurance Expense $1,450
  • Trash Expense $400
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,125
  • Gross Income $3,050
  • Net Operating Income $23,825

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,296

Year Built

Built in 1938

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7205030021
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 164.67

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 400.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Zero Lot Line
  • Lot Size Sq Ft: 6262.00
  • Lot Size Acres: 0.1440

Rental Info

  • Tenant Pays: Cable TV, Gas, Trash Collection

Multi Family

  • Electric Expense: 2400.00
  • Gross Income: 3050.00
  • Gross Scheduled Income: 36600.00
  • Insurance Expense: 1450.00
  • Lot Size Area: 6262.0000 Square Feet
  • Net Operating Income: 23825.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 12775.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6125.00
  • Tax Block: B
  • Tax Lot: 9
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2013
Closed on
Apr 28, 2014
Sold by
Hart William L and The William L Hart Living Trus
Bought by
Perez Alberto and Tejeda Gregoria
Seller's Agent
Martin Gonzalez
Realty Executives All Cities
Buyer's Agent
Martin Gonzalez
Realty Executives All Cities
List Price
$489,000
Sold Price
$440,000
Premium/Discount to List
-$49,000
-10.02%
Total Days on Market
121
Current Estimated Value
$732,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,045
Avg. Annual Appreciation
5.90%
Original Mortgage
$325,600
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2014
Sold by
Munoz Horacio and Hart Munoz Cheryl
Bought by
Hart William L and William L Hart Living Trust

Purchase Details

Closed on
Feb 22, 2012
Sold by
Hart William L and William L Hart Living Trust
Bought by
Munoz Horacio and Hart Munoz Cheryl

Purchase Details

Closed on
Sep 12, 2008
Sold by
Durazo Ana
Bought by
Hart William L and The William L Hart Living Trus

Purchase Details

Closed on
Mar 3, 2008
Sold by
Fuentevilla Siegfried Michael Ruiz
Bought by
Durazo Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 2006
Sold by
Ruiz Fuentevilla Siegfried Michael and Loustaunau Isabel
Bought by
Ruiz Fuentevilla Siegfried Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,500
Interest Rate
6.46%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 15, 2006
Sold by
Gallardo Javier
Bought by
Ruiz Fuentevilla Siegfried M

Purchase Details

Closed on
Dec 10, 2003
Sold by
Hart Community Homes Inc
Bought by
Gallardo Javier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 10, 2003
Sold by
Hud
Bought by
Hart Community Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.77%

Purchase Details

Closed on
Sep 18, 2002
Sold by
Delgado Jose Luis and Delgado Juan M
Bought by
Homeside Lending Inc

Purchase Details

Closed on
Feb 7, 2002
Sold by
Homeside Lending Inc
Bought by
Hud

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500
Interest Rate
6.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 23, 1999
Sold by
Delgado Juan M
Bought by
Delgado Jose Luis

Purchase Details

Closed on
Sep 4, 1997
Sold by
Delgado Maria
Bought by
Delgado Juan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,518
Interest Rate
7.42%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 19, 1997
Sold by
Gamboa Gustavo
Bought by
Delgado Jose Luis and Delgado Jean M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,518
Interest Rate
7.42%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 17, 1997
Sold by
Diversified Properties
Bought by
Gamboa Gustavo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
8.14%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 15, 1997
Sold by
Roysden Clyde K
Bought by
Diversified Properties
Source: Public Records

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Range of Values:

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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 $440,000 --
Grant Deed -- --
Grant Deed -- None Available
Grant Deed -- None Available
Grant Deed $500,000 Ort
Quit Claim Deed -- Ort
Interfamily Deed Transfer -- Lawyers Title Company
Grant Deed -- None Available
Grant Deed $320,000 California Counties Title Co
Grant Deed $260,000 Nations Title
Trustee Deed $249,171 Fidelity National Title Ins
Grant Deed $249,171 Fidelity
Gift Deed -- --
Interfamily Deed Transfer -- Commonwealth Land Title Co
Interfamily Deed Transfer -- Commonwealth Land Title Co
Grant Deed $208,000 Commonwealth Land Title Co
Partnership Grant Deed $127,500 Fidelity National Title
Trustee Deed $90,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $375,000 New Conventional
Closed $325,600 New Conventional
Previous Owner $375,000 Purchase Money Mortgage
Previous Owner $80,500 Credit Line Revolving
Previous Owner $319,500 Purchase Money Mortgage
Previous Owner $290,000 Purchase Money Mortgage
Previous Owner $225,000 No Value Available
Previous Owner $3,500 Unknown
Previous Owner $2,500 Unknown
Previous Owner $2,500 Unknown
Previous Owner $201,518 FHA
Previous Owner $60,000 Unknown
Previous Owner $120,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2019 02/13/19 Rented $2,375 0.0% --
02/09/2019 02/09/19 For Rent $2,375 0.0% --
05/16/2014 05/16/14 Sold $440,000 -10.0% $165 / Sq Ft
03/17/2014 03/17/14 Pending -- -- --
11/16/2013 11/16/13 For Sale $489,000 -- $183 / 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
2024 $7,296 $528,791 $240,359 $288,432
2023 $7,172 $518,424 $235,647 $282,777
2022 $6,746 $508,260 $231,027 $277,233
2021 $6,601 $498,296 $226,498 $271,798
2020 $6,584 $493,188 $224,176 $269,012
2019 $6,508 $483,519 $219,781 $263,738
2018 $6,250 $474,039 $215,472 $258,567
2016 $5,744 $455,634 $207,106 $248,528
2015 $5,520 $448,791 $203,996 $244,795
2014 $6,462 $525,243 $367,671 $157,572
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS13232761

California Regional Multiple Listing Service (CRMLS)

APN: 7205-030-021