NOT LISTED FOR SALE

Estimated Value: $734,000 - $919,000

5 Beds
3 Baths
1,775 Sq Ft
$465/Sq Ft Est. Value

Last Sold August 14, 2018

Last sale price $570,000 $321 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $5,081/month

36 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Colonial Architecture
  • No HOA
  • Long Beach Polytechnic High School Rated A
  • Granite Countertops
  • Neighborhood Views

About This Home

As of August 2018

Duplex located in Long Beach, there is a 4 Bedroom/ 2 Baths and a 1 Bedroom/ 1 Bath unit, Tenants have each lived in the units a very long time. This is a great value for this Duplex in a wonderful location. Ideal for a Buyer to remodel and then call it their Home.

Last Agent to Sell the Property

Martin Folch

Realty One Group West License #01516905 Listed on: 05/14/2018

Realty One Group West

Last Buyer's Agent

Elizabeth Flesner

Redfin License #01872048

Redfin

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1916

Lot Details

  • 5,275 Sq Ft Lot
  • No Common Walls
  • Privacy Fence
  • Fenced
  • Back Yard

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Auto Driveway Gate

Home Design

  • Duplex
  • Colonial Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,775 Sq Ft Home
  • Family Room
  • Tile Flooring
  • Neighborhood Views
  • Granite Countertops
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Additional Features

  • Urban Location
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 25 / 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7210003027

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $120
  • Trash Expense $400
  • Water Sewer Expense $1,440
  • New Taxes Expense $3,500
  • Operating Expense $1,840
  • Gross Income $32,400
  • Net Operating Income $29,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1916

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • View: Yes
  • Water Sewer Expenses: 1440.00
  • Zoning: LBR1N
  • Architectural Style: Colonial
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7210003027
  • Year Built: 1916
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Levels: One
  • Price Per Square Foot: 321.13
  • Room Type: All Bedrooms Down, Family Room, Kitchen, Master Bedroom

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Privacy
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Carport
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 400.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 5275.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 32400.00
  • Gross Scheduled Income: 32400.00
  • Insurance Expense: 120.00
  • Net Operating Income: 29400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 3000.00
  • Rent Control: No
  • Total Actual Rent: 2700.00
  • Total Expenses: 1840.00

Tax Info

  • New Taxes Expense: 3500.00
  • Tax Block: 1
  • Tax Census Tract: 5732.02
  • Tax Lot: 25
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2018
Closed on
Jun 20, 2018
Sold by
Gomez Martin
Bought by
Men Vannak and Men Sam Phichany
Seller's Agent
Martin Folch
Realty One Group West
Buyer's Agent
Elizabeth Flesner
Redfin
List Price
$570,000
Sold Price
$570,000
Current Estimated Value
$825,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,915
Avg. Annual Appreciation
5.15%
Original Mortgage
$559,675
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 22, 2006
Sold by
Gomez Jovita
Bought by
Gomez Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.16%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 7, 1998
Sold by
Blancas Jesus and Gomez Martin
Bought by
Gomez Martin and Gomez Jovita

Purchase Details

Closed on
Sep 6, 1995
Sold by
Blancas Luz Maria
Bought by
Blancas Jesus

Purchase Details

Closed on
Jul 12, 1995
Sold by
Gomez Javita
Bought by
Gomez Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,499
Interest Rate
7.88%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 30, 1995
Sold by
Trotman Harold S and Trotman Una E
Bought by
Blancas Jesus and Gomez Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,499
Interest Rate
7.88%
Mortgage Type
FHA
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
Men Vannak $570,000 Lawyers Title
Gomez Martin -- First American Title Co
Gomez Martin -- --
Blancas Jesus -- North American Title Co
Gomez Martin -- North American Title Co
Blancas Jesus $105,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Men Vannak $559,675
Previous Owner Gomez Martin $340,000
Previous Owner Blancas Jesus $104,499
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2018 08/14/18 Sold $570,000 0.0% $321 / Sq Ft
06/19/2018 06/19/18 Pending -- -- --
05/14/2018 05/14/18 For Sale $570,000 -- $321 / 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 $9,141 $711,009 $424,483 $286,526
2024 $9,141 $697,068 $416,160 $280,908
2023 $8,989 $683,400 $408,000 $275,400
2022 $8,440 $670,000 $400,000 $270,000
2021 $7,445 $587,422 $257,641 $329,781
2020 $7,426 $581,400 $255,000 $326,400
2019 $7,340 $570,000 $250,000 $320,000
2018 $2,579 $191,777 $74,449 $117,328
2016 $2,365 $184,332 $71,559 $112,773
2015 $2,275 $181,565 $70,485 $111,080
2014 $2,269 $178,010 $69,105 $108,905
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18112621

California Regional Multiple Listing Service (CRMLS)

APN: 7210-003-027