NOT LISTED FOR SALE

Estimated Value: $684,424 - $736,000

2 Beds
2 Baths
1,612 Sq Ft
$448/Sq Ft Est. Value

Last Sold May 24, 2016

Last sale price $300,000 $186 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $4,156/month

78 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Fireplace in Bathroom
  • Wall Furnace
  • Long Beach Polytechnic High School Rated A
  • Attic

About This Home

As of May 2016

Great opportunity for a first time buyer or a investor.This duplex features a large one bedroom and one full bath in each unit.Spacious living room, with a separate dining area with a counter.Kitchen is bright and sunny with lots of newer painted cabinets for storage.Wide Hallway with 2 full closets and a little desk/vanity area.The bedrooms have lots of closet space and a built in shoe rack.One car garage with each unit with a upstairs attic for additional storage.Laundry outlets are located in the garage.
The units are separated by 2 garages that insures your privacy. A must see, close to public transportation and shopping. Great to live in one and rent out the other.

Last Agent to Sell the Property

Laura Luna

Century 21 Coastal Properties License #01482948 Listed on: 02/18/2016

Century 21 Coastal Properties

Last Buyer's Agent

Laura Luna

Century 21 Coastal Properties License #01482948 Listed on: 02/18/2016

Century 21 Coastal Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 2,719 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage

Interior Spaces

  • 1,612 Sq Ft Home
  • Living Room with Fireplace
  • Fireplace in Kitchen
  • Attic

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms
  • Fireplace in Bathroom

Utilities

  • Wall Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 3572
  • Assessor Parcel Number 7208014016

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $30
  • Insurance Expense $60
  • Trash Expense $30
  • Water Sewer Expense $25
  • New Taxes Expense $2,400
  • Gross Income $1,875

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Surface Type: Paved
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 25.00
  • Property Type: Residential Income
  • Parcel Number: 7208014016
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Bath, Kitchen, Living Room
  • Price Per Square Foot: 186.10
  • Room Type: Attic, All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Sewer: Unknown
  • Trash Expense: 30.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 2719.00
  • Price Per Lot Square Foot: 110.33
  • Lot Size Acres: 0.0620

Multi Family

  • Electric Expense: 30.00
  • Gross Income: 1875.00
  • Gross Scheduled Income: 1875.00
  • Insurance Expense: 60.00
  • Lot Size Area: 2719.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2400.00
  • Tax Lot: 1
  • Tax Tract Number: 3572

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2016
Closed on
May 11, 2016
Sold by
Jones Benalda
Bought by
Sheerin Trust
Seller's Agent
Laura Luna
Century 21 Coastal Properties
Buyer's Agent
Laura Luna
Century 21 Coastal Properties
List Price
$385,000
Sold Price
$300,000
Premium/Discount to List
-$85,000
-22.08%
Current Estimated Value
$722,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$422,356
Avg. Annual Appreciation
9.50%
Original Mortgage
$150,000
Outstanding Balance
$119,137
Interest Rate
3.59%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$603,219

Purchase Details

Closed on
Oct 4, 2002
Sold by
Jones Benalda
Bought by
Jones Benalda and Benalda Jones Family Trust

Purchase Details

Closed on
Jan 9, 2001
Sold by
Jones Benalda and Estate Of Fred M Baleme Jr
Bought by
Jones Benalda
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sheerin Trust $300,000 Priority Title
Jones Benalda -- --
Jones Benalda -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sheerin Trust $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2016 05/24/16 Sold $300,000 -22.1% $186 / Sq Ft
05/06/2016 05/06/16 Pending -- -- --
02/18/2016 02/18/16 For Sale $385,000 -- $239 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $4,762 $355,133 $236,756 $118,377
2024 $4,762 $348,170 $232,114 $116,056
2023 $4,681 $341,344 $227,563 $113,781
2022 $4,400 $334,651 $223,101 $111,550
2021 $4,306 $328,090 $218,727 $109,363
2019 $4,244 $318,361 $212,241 $106,120
2018 $4,096 $312,120 $208,080 $104,040
2016 $2,504 $190,921 $89,096 $101,825
2015 $2,409 $188,054 $87,758 $100,296
2014 $2,401 $184,371 $86,039 $98,332
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16034302

California Regional Multiple Listing Service (CRMLS)

APN: 7208-014-016