NOT LISTED FOR SALE

2156 Earl Ave Long Beach, CA 90806

Southeast Wrigley Neighborhood

Estimated Value: $1,368,000 - $1,454,000

12 Beds
6 Baths
4,052 Sq Ft
$347/Sq Ft Est. Value

Sale Details

Date Sold: October 6, 2012

Last sale price $605,000 $149 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $8,541 / mo

25 Days on Market

Highlights

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

About This Home

As of October 2012

Four great upgraded units in excellent rental area. Individual gas and elec meters, huge square footage.Expenses are projected. Your buyer can live in one unit and collect an additional $4720 toward the monthly payment. Historically low interest rates, along with 3.5% FHA down payments can result in cash flow from Day 1. Low maintenance building in outstanding rental area close to all services. With 3% yearly rent increase, income goes to 4861 in year 2 and 5007 in year 3. Call for more information.

Last Agent to Sell the Property

Steve Gamez

P.R.S. Properties License #00586247 Listed on: 08/10/2012

Co-Listed By

Stephen Hagerman

Genesis Realty License #01392401

Last Buyer's Agent

Stephen Snell

California Income Property License #01467849

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 6,276 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • 4,052 Sq Ft Home
  • Mediterranean Architecture
  • Stucco

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Legal Lot and Block 5 / C
  • Assessor Parcel Number 7208025005

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $53,609

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

6,276 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 8.66
  • View: No
  • Architectural Style: Mediterranean
  • Property Type: Residential Income
  • Parcel Number: 7208025005
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 149.31

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Sewer: Sewer Paid

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6276.00
  • Lot Size Acres: 0.1440

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Multiplier: 8.23
  • Gross Scheduled Income: 75240.00
  • Lot Size Area: 6276.0000 Square Feet
  • Net Operating Income: 53609.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 17870.00
  • Operating Expense Percent: 25.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Area: 11934
  • Tax Block: C
  • Tax Lot: 5

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2014
Sold by
Bought by
Current Estimated Value
$1,407,333

Purchase Details

Listed on
Aug 10, 2012
Closed on
Sep 28, 2012
Sold by
Bought by
Seller's Agent
Steve Gamez
P.R.S. Properties
Buyer's Agent
Stephen Snell
California Income Property
List Price
$619,000
Sold Price
$605,000
Premium/Discount to List
-$14,000
-2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.31%
Original Mortgage
$412,500
Interest Rate
0.0359%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
0.0359%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,490
Interest Rate
0.0626%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 27, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,490
Interest Rate
0.0626%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 30, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$602,000
Interest Rate
0.0636%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 31, 2005
Sold by
Bought by

Purchase Details

Closed on
Jun 4, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
0.0571%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 11, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
0.0812%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$605,000 First American Title Company
$502,000 None Available
$785,000 Ticor Title Co Glendale
-- Ticor Title Co Glendale
$610,000 Ticor Title Company Of Ca
-- Ticor Title Company Of Ca
-- --
-- Commonwealth
$200,000 Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $412,500
Previous Owner $560,490
Previous Owner $602,000
Previous Owner $318,750
Previous Owner $145,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/06/2012 10/06/12 Sold $605,000 -2.3% $149 / Sq Ft
09/04/2012 09/04/12 Pending -- -- --
08/10/2012 08/10/12 For Sale $619,000 -- $153 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,734 $745,004 $246,282 $498,722
2024 $10,269 $730,397 $241,453 $488,944
2023 $10,088 $716,076 $236,719 $479,357
2022 $9,489 $702,036 $232,078 $469,958
2021 $9,276 $688,272 $227,528 $460,744
2019 $9,144 $668,539 $220,780 $447,759
2018 $8,836 $655,444 $216,451 $438,993
2016 $8,125 $629,341 $208,047 $421,294
2015 $7,811 $619,888 $204,922 $414,966
2014 $7,769 $607,746 $200,908 $406,838
Source: Public Records

Agents Affiliated with this Home

  • Steve Gamez

    Seller's Agent in 2012

    Steve Gamez

    P.R.S. Properties

    (714) 328-0832

    3 Total Sales

    Steve Gamez
    Section Image

  • S

    Seller Co-Listing Agent in 2012

    Stephen Hagerman

    Genesis Realty

  • S

    Buyer's Agent in 2012

    Stephen Snell

    California Income Property

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P831560

California Regional Multiple Listing Service (CRMLS)

APN: 7208-025-005

California Los Angeles County Long Beach 90806 Southeast Wrigley

2156 Earl Ave, Long Beach, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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