NOT LISTED FOR SALE

Estimated Value: $1,006,000 - $1,188,000

6 Beds
2 Baths
2,250 Sq Ft
$471/Sq Ft Est. Value

Last Sold December 01, 2017

Last sale price $625,000 $278 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $6,325/month

About This Home

As of December 2017

Great nicely kept up units in a very good area, both units are very clean. Each unit has their own washer and dryer hookups, each unit has their own 1 car garage with 1 additional parking space. Conveniently located to freeway.

Last Agent to Sell the Property

Art Gonzalez

Long Beach Realty, Inc. License #01207677 Listed on: 10/31/2017

Long Beach Realty, Inc.

Last Buyer's Agent

Art Gonzalez

Long Beach Realty, Inc. License #01207677 Listed on: 10/31/2017

Long Beach Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,986

Year Built

  • Built in 1973

Lot Details

  • 6,000 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 2,250 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 3308
  • Assessor Parcel Number 7346006019

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $50
  • Trash Expense $10
  • Water Sewer Expense $40
  • Operating Expense $50
  • Gross Income $31,788
  • Net Operating Income $31,788

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,986

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 40.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 7346006019
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 277.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 10.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6000.00

Multi Family

  • Gross Income: 31788.00
  • Gross Scheduled Income: 32748.00
  • Insurance Expense: 50.00
  • Net Operating Income: 31788.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 80.00
  • Rent Control: Yes
  • Total Expenses: 50.00

Tax Info

  • Tax Census Tract: 2932.01
  • Tax Lot: 12
  • Tax Tract Number: 3308

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2017
Closed on
Oct 27, 2017
Sold by
Verduzco Catarino
Bought by
Magana Juan Carlos
Seller's Agent
Art Gonzalez
Long Beach Realty, Inc.
Buyer's Agent
Art Gonzalez
Long Beach Realty, Inc.
List Price
$649,000
Sold Price
$625,000
Premium/Discount to List
-$24,000
-3.7%
Current Estimated Value
$1,060,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$435,121
Avg. Annual Appreciation
6.91%
Original Mortgage
$499,000
Outstanding Balance
$418,469
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$641,652

Purchase Details

Closed on
Jan 19, 1994
Sold by
Guillen Esther
Bought by
Verduzco Catarino

Purchase Details

Closed on
Oct 12, 1993
Sold by
Delao Tony
Bought by
Verduzco Catarino
Source: Public Records

Range of Values:

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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
Magana Juan Carlos $625,000 Chicago Title Company
Verduzco Catarino -- Chicago Title
Verduzco Catarino $215,000 Chicago Title Torrance
Verduzco Catarino -- Chicago Title Torrance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magana Juan Carlos $499,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2017 12/01/17 Sold $625,000 -3.7% $278 / Sq Ft
10/31/2017 10/31/17 Pending -- -- --
10/31/2017 10/31/17 For Sale $649,000 -- $288 / 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 $8,986 $711,137 $426,683 $284,454
2024 $8,986 $697,194 $418,317 $278,877
2023 $8,815 $683,524 $410,115 $273,409
2022 $8,416 $670,123 $402,074 $268,049
2021 $8,304 $656,985 $394,191 $262,794
2020 $8,383 $650,250 $390,150 $260,100
2019 $8,061 $637,500 $382,500 $255,000
2018 $7,946 $625,000 $375,000 $250,000
2017 $4,218 $314,851 $219,666 $95,185
2016 $4,102 $308,678 $215,359 $93,319
2015 $4,042 $304,043 $212,125 $91,918
2014 $4,060 $298,088 $207,970 $90,118
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17248059

California Regional Multiple Listing Service (CRMLS)

APN: 7346-006-019