NOT LISTED FOR SALE

Estimated Value: $1,043,178 - $1,274,000

9 Beds
5 Baths
3,888 Sq Ft
$301/Sq Ft Est. Value

Last Sold November 21, 2013

Last sale price $528,000 $136 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $6,826/month

15 Days on Market

Highlights

  • 0.32 Acre Lot
  • No HOA
  • Central Heating
  • Traditional Architecture
  • Laundry Room
  • South Facing Home

About This Home

As of November 2013

FOURPLEX IN NORTH LONG BEACH - This fourplex features: Three units consist of two bedrooms and one bathroom and one unit consists of 3 bedrooms and 2 bathrooms. All units have a one car garage with one more parking spot available onsite. All units are currently occupied, and one section 8 tenant. The property needs some TLC. Buyer to verify all information. Please do not disturb tenants, drive by only.

Last Agent to Sell the Property

Kyle Edwards

New Homes and Land Brokers License #01416063 Listed on: 11/02/2013

Co-Listed By

Peter Wollner

New Homes and Land Brokers License #01381742

Last Buyer's Agent

Kyle Edwards

New Homes and Land Brokers License #01416063 Listed on: 11/02/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 46x300
  • Two or More Common Walls
  • South Facing Home
  • Needs Fence Repair

Parking

  • 4 Car Garage

Home Design

  • Traditional Architecture
  • Property Attached
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Combination Foundation
  • Raised Foundation
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,888 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Carpet
  • Range Hood
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Utilities

  • Central Heating
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 7
  • Tax Tract Number 12273
  • Assessor Parcel Number 7119012030

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $2,400
  • Professional Management Expense $3,750
  • Trash Expense $1,080
  • Water Sewer Expense $2,400
  • New Taxes Expense $3,798
  • Gross Income $5,100
  • Net Operating Income $50,370

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 3750.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 2400.00
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7119012030
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 135.80
  • Room Type: All Bedrooms Down

Exterior Features

  • Direction Faces: South
  • Foundation: Slab, Combination, Raised
  • Fencing: Needs Repair
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Unknown

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater, Range Hood
  • Heating Type: Central
  • Trash Expense: 1080.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Size: 46x300
  • Lot Size Sq Ft: 13948.00
  • Lot Size Acres: 0.3200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 836
  • Average3 Bed Area: 1380
  • Gross Income: 5100.00
  • Gross Scheduled Income: 61200.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 13948.0000 Square Feet
  • Net Operating Income: 50370.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 3
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 10830.00
  • Rent Control: No
  • Total Actual Rent: 5100.00

Tax Info

  • New Taxes Expense: 3798.00
  • Tax Lot: 7
  • Tax Tract Number: 12273

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2013
Closed on
Dec 8, 2013
Sold by
Ov John Sun
Bought by
John Sun Ov Revocable Living Trust
Seller's Agent
Kyle Edwards
New Homes and Land Brokers
Buyer's Agent
Kyle Edwards
New Homes and Land Brokers
List Price
$499,000
Sold Price
$528,000
Premium/Discount to List
$29,000
5.81%
Current Estimated Value
$1,170,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$642,545
Avg. Annual Appreciation
6.78%

Purchase Details

Listed on
Nov 2, 2013
Closed on
Nov 14, 2013
Sold by
To Sathia Ngo
Bought by
Ov John Sun
Seller's Agent
Kyle Edwards
New Homes and Land Brokers
Buyer's Agent
Kyle Edwards
New Homes and Land Brokers
List Price
$499,000
Sold Price
$528,000
Premium/Discount to List
$29,000
5.81%

Purchase Details

Listed on
Nov 2, 2013
Closed on
Nov 4, 2013
Sold by
Connell Julie Ann O and The John O Connor Family Trust
Bought by
Ov John Sun
Seller's Agent
Kyle Edwards
New Homes and Land Brokers
Buyer's Agent
Kyle Edwards
New Homes and Land Brokers
List Price
$499,000
Sold Price
$528,000
Premium/Discount to List
$29,000
5.81%

Purchase Details

Closed on
Mar 31, 1997
Sold by
Oconnor John M
Bought by
Oconnor John M and John Oconnor Family Trust
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
John Sun Ov Revocable Living Trust -- None Available
Ov John Sun -- Progressive Title
Ov John Sun $528,000 Progressive Title
Oconnor John M -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2013 11/21/13 Sold $528,000 +5.8% $136 / Sq Ft
11/02/2013 11/02/13 Pending -- -- --
10/18/2013 10/18/13 For Sale $499,000 -- $128 / 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 $8,534 $604,339 $359,173 $245,166
2024 $8,534 $592,490 $352,131 $240,359
2023 $8,392 $580,874 $345,227 $235,647
2022 $7,909 $569,485 $338,458 $231,027
2021 $7,736 $558,320 $331,822 $226,498
2020 $7,716 $553,696 $328,420 $225,276
2019 $7,630 $542,862 $321,981 $220,881
2018 $7,204 $532,240 $315,668 $216,572
2016 $6,622 $510,517 $303,411 $207,106
2015 $6,368 $502,850 $298,854 $203,996
2014 $6,345 $493,000 $293,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13212662

California Regional Multiple Listing Service (CRMLS)

APN: 7119-012-030