NOT LISTED FOR SALE

Estimated Value: $1,047,000 - $1,151,000

4 Beds
2 Baths
1,536 Sq Ft
$704/Sq Ft Est. Value

Last Sold February 04, 2022

Last sale price $862,000 $561 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $6,702/month

43 Days on Market

Highlights

  • No Units Above
  • Fireplace in Kitchen
  • No HOA
  • Stanford Middle School Rated A-
  • Wood Flooring
  • Laundry Room

About This Home

As of February 2022

Solid Long Beach Duplex situated in a great location and in wonderful shape!. Each unit is updated with 2 Bedroom and 1 Bath. Each has a separate garage and laundry area. Gross monthly income is $4200.00. Call today for more details!

Last Agent to Sell the Property

Daniel Hopkins

T.N.G. Real Estate Consultants License #02105900 Listed on: 11/23/2021

T.N.G. Real Estate Consultants

Last Buyer's Agent

Daniel Hopkins

T.N.G. Real Estate Consultants License #02105900 Listed on: 11/23/2021

T.N.G. Real Estate Consultants

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,600

Year Built

  • Built in 1945 | Remodeled

Lot Details

  • 6,165 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Landscaped
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,536 Sq Ft Home
  • 1-Story Property
  • Electric Fireplace
  • Gas Fireplace
  • Living Room with Fireplace
  • Fireplace in Kitchen

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • 220 Volts
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 53
  • Tax Tract Number 13163
  • Assessor Parcel Number 7218026017
  • $430 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Artcraft Manor Subdivision

Recreation

  • Bike Trail

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • Operating Expense $12,600
  • Gross Income $50,400
  • Net Operating Income $37,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,600

Year Built

Built in 1945 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Price Per Unit: 474950
  • Property Attached: Yes
  • Subdivision Name Other: Artcraft Manor (AM)
  • Water Sewer Expenses: 1.00
  • Zoning: LBR2N
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7218026017
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Tile, Wood
  • Fireplace Features: Kitchen, Living Room, Electric, Gas
  • Levels: One
  • Price Per Square Foot: 561.20
  • Room Type: Kitchen, Laundry, Living Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Electric: 220 Volts
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped
  • Lot Size Sq Ft: 6165.00
  • Lot Size Acres: 0.1415

Multi Family

  • Gross Income: 50400.00
  • Gross Scheduled Income: 50400.00
  • Insurance Expense: 1.00
  • Lot Size Area: 6165.0000 Square Feet
  • Net Operating Income: 37800.00
  • 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: 12600.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 4200.00
  • Total Expenses: 12600.00

Tax Info

  • Tax Census Tract: 5750.01
  • Tax Lot: 53
  • Tax Tract Number: 13163
  • TaxOtherAnnualAssessmentAmount: 430.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2021
Closed on
Dec 23, 2021
Sold by
Catherine Mueller Mary
Bought by
Lin James and Wang Cindy
Seller's Agent
Daniel Hopkins
T.N.G. Real Estate Consultants
Buyer's Agent
Daniel Hopkins
T.N.G. Real Estate Consultants
List Price
$949,900
Sold Price
$862,000
Premium/Discount to List
-$87,900
-9.25%
Total Days on Market
43
Current Estimated Value
$1,080,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,680
Avg. Annual Appreciation
5.32%
Original Mortgage
$646,500
Outstanding Balance
$569,270
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$455,547

Purchase Details

Closed on
Oct 19, 2005
Sold by
Falvey Larisa and Vermeulen Larisa
Bought by
Mueller Mary Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,500
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2003
Sold by
Falvey Sean D
Bought by
Vermeulen Larisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,400
Interest Rate
5.84%

Purchase Details

Closed on
Dec 14, 1999
Sold by
Trust Miller Donald D And Mary A Trs Mil
Bought by
Vermeulen Larisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,283
Interest Rate
7.87%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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
Lin James $862,000 Orange Coast Title
Mueller Mary Catherine $635,000 --
Vermeulen Larisa -- Chicago Title Co
Vermeulen Larisa $210,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin James $646,500
Previous Owner Mueller Catherine $13,294
Previous Owner Mueller Mary Catherine $444,500
Previous Owner Vermeulen Larisa $42,500
Previous Owner Vermeulen Larisa $340,000
Previous Owner Vermeulen Larisa $50,000
Previous Owner Vermeulen Larisa $250,400
Previous Owner Vermeullen Larisa $206,191
Previous Owner Vermeulen Larisa $208,283
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2022 02/07/22 Price Changed $949,900 0.0% $618 / Sq Ft
02/07/2022 02/07/22 For Sale $949,900 +10.2% $618 / Sq Ft
02/04/2022 02/04/22 Sold $862,000 -9.3% $561 / Sq Ft
11/23/2021 11/23/21 For Sale $949,900 -- $618 / 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
2024 $11,600 $896,824 $676,260 $220,564
2023 $11,407 $879,240 $663,000 $216,240
2022 $10,177 $817,712 $560,168 $257,544
2021 $9,980 $801,680 $549,185 $252,495
2019 $8,775 $690,000 $498,800 $191,200
2018 $7,763 $615,000 $444,600 $170,400
2016 $7,015 $580,000 $419,300 $160,700
2015 $6,099 $515,000 $372,300 $142,700
2014 $5,834 $485,000 $350,600 $134,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21252346

California Regional Multiple Listing Service (CRMLS)

APN: 7218-026-017