NOT LISTED FOR SALE

Estimated Value: $984,000 - $1,109,462

4 Beds
2 Baths
1,536 Sq Ft
$691/Sq Ft Est. Value

Last Sold January 21, 2022

Last sale price $900,000 $586 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $6,506/month

57 Days on Market

Highlights

  • Corner Lot
  • Lawn
  • Landscaped
  • Bixby Elementary School Rated 9+

About This Home

As of January 2022

Gorgeous Corner Lot Duplex in one of the best neighborhoods . Its in one of the Best neighborhoods of Long Beach near Signal Hill. These units have a huge yard with a 2 car garage and additional room with 1/2 bathroom that can easily be converted into an ADU. These units have hardwood flooring in the bedrooms tile flooring in the kitchens. The Units have been renovated with copper plumbing and have newer windows thru out. They each have separate meters except the water. The yard has several fruit trees pomegranate, limes and peach trees. These units have not been rented ever since this family has owned it and they will be delivered empty. Hurry these units will not last.

Last Agent to Sell the Property

Marta Liceaga

Elevate Real Estate Agency License #01341156 Listed on: 11/14/2021

Last Buyer's Agent

Diana Veloz

Confirmed Properties License #01257943

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 6,686 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Corner Lot
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • 1,536 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 50
  • Tax Tract Number 13163
  • Assessor Parcel Number 7218026014
  • $443 per year additional tax assessments

Community Details

Overview

  • 2 Units
  • Signal Hill Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Insurance Expense $2,000
  • Trash Expense $1,200
  • Water Sewer Expense $1,600
  • Operating Expense $5,600
  • Gross Income $5,000
  • Net Operating Income $300

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Signal Hill (SH)
  • Water Sewer Expenses: 1600.00
  • Zoning: LBR2N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7218026014
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 585.94

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Landscaped, Lawn
  • Lot Size Sq Ft: 6686.00
  • Lot Size Acres: 0.1535

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 2400.00
  • Gross Income: 5000.00
  • Gross Scheduled Income: 5000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6686.0000 Square Feet
  • Net Operating Income: 300.00
  • 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
  • Rent Control: No
  • Total Actual Rent: 5000.00
  • Total Expenses: 5600.00

Tax Info

  • Tax Census Tract: 5750.01
  • Tax Lot: 50
  • Tax Tract Number: 13163
  • TaxOtherAnnualAssessmentAmount: 443.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2021
Closed on
Dec 28, 2021
Sold by
Ortiz Alejandro C and Ortiz Enedina C
Bought by
Angel Padilla Jr Living Trust
Seller's Agent
Marta Liceaga
Elevate Real Estate Agency
Buyer's Agent
Diana Veloz
Confirmed Properties
List Price
$999,999
Sold Price
$900,000
Premium/Discount to List
-$99,999
-10%
Current Estimated Value
$1,061,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,616
Avg. Annual Appreciation
4.24%
Original Mortgage
$675,000
Outstanding Balance
$622,097
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$439,519

Purchase Details

Closed on
May 5, 2006
Sold by
Ortiz Alejandro
Bought by
Ortiz Alejandro and Ortiz Enedina C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
6.41%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 24, 2004
Sold by
Ortiz Adriana
Bought by
Oritz Alejandro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
5.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 7, 2003
Sold by
Ortiz Alejandro
Bought by
Ortiz Adriana and Ortiz Alejandro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 25, 1997
Sold by
Saatjian Mary
Bought by
Ortiz Alejandro and Ortiz Enedina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,266
Interest Rate
7.45%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 23, 1997
Sold by
Dimkich Ann
Bought by
Saatjian Mary and Ann Dimkich Revocable 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
Angel Padilla Jr Living Trust $900,000 Western Resources Title
Ortiz Alejandro -- Landsafe Title
Oritz Alejandro -- Investors Title Company
Ortiz Adriana -- Commonwealth Land Title Co
Ortiz Alejandro $190,000 --
Saatjian Mary -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Angel Padilla Jr Living Trust $675,000
Previous Owner Ortiz Alejandro $294,000
Previous Owner Oritz Alejandro $243,000
Previous Owner Ortiz Adriana $210,000
Previous Owner Ortiz Alejandro $180,266
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2022 01/21/22 Sold $900,000 -10.0% $586 / Sq Ft
01/10/2022 01/10/22 Pending -- -- --
12/07/2021 12/07/21 For Sale $999,999 0.0% $651 / Sq Ft
12/01/2021 12/01/21 Pending -- -- --
11/14/2021 11/14/21 For Sale $999,999 -- $651 / 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 $12,103 $955,086 $716,315 $238,771
2024 $12,103 $936,360 $702,270 $234,090
2023 $11,902 $918,000 $688,500 $229,500
2022 $6,026 $467,532 $318,493 $149,039
2021 $5,904 $458,366 $312,249 $146,117
2019 $5,821 $444,773 $302,989 $141,784
2018 $5,606 $436,053 $297,049 $139,004
2016 $5,158 $419,122 $285,515 $133,607
2015 $4,952 $412,828 $281,227 $131,601
2014 $4,924 $404,743 $275,719 $129,024
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR21248810

California Regional Multiple Listing Service (CRMLS)

APN: 7218-026-014