NOT LISTED FOR SALE

Estimated Value: $660,973 - $797,000

4 Beds
2 Baths
1,157 Sq Ft
$619/Sq Ft Est. Value

Last Sold March 19, 2019

Last sale price $500,000 $432 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,469/month

23 Days on Market

About This Home

As of March 2019

We are pleased to present this great owner user duplex on 2208 W Cameron St in the heart of Long Beach, California. This property boasts a desirable unit mix of (2) 2-bed/1-bath units and a double car garage in the front with laundry hook ups. The lot is also 3,000 sqft and has just under 1,200 of livable sqft for both units. 2208 W Cameron St has very easy access to all major freeways and is in close proximity with the city’s public transportation system. Long Beach is experiencing some incredible new developments such as the New Long Beach Civic Center Project, Queen Mary Island Development, and countless others that will add up to over $1 Billion dollars injected into the city over the next 5-10 years!

Last Agent to Sell the Property

Anthony Dimassa

Lyon Stahl Investment Real Estate, Inc. License #02025443 Listed on: 01/14/2019

Co-Listed By

Kevin Kretzmer

TurboHome Brokerage Inc. License #01997822

Last Buyer's Agent

Lenny Figueroa

Lifetime Realty Inc License #01954027

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,187

Year Built

  • Built in 1952

Lot Details

  • 2,999 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,157 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 5224
  • Assessor Parcel Number 7317008007

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,320
  • Fuel Expense $720
  • Insurance Expense $1,050
  • Trash Expense $200
  • Water Sewer Expense $400
  • New Taxes Expense $7,188
  • Operating Expense $11,637
  • Gross Income $36,000
  • Net Operating Income $22,563

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,187

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Arlington
  • Water Sewer Expenses: 400.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7317008007
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 432.15

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2999.00
  • Lot Size Acres: 0.0688

Multi Family

  • Electric Expense: 1320.00
  • Fuel Expense: 720.00
  • Gross Income: 36000.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 1049.60
  • Lot Size Area: 2999.0000 Square Feet
  • Net Operating Income: 22563.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 11637.00
  • Rent Control: No
  • Total Expenses: 11637.00

Tax Info

  • New Taxes Expense: 7188.00
  • Tax Census Tract: 5723.01
  • Tax Lot: 11
  • Tax Tract Number: 5224

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2019
Closed on
Mar 2, 2019
Sold by
Miranda Steven
Bought by
Vasquez Gerardo and Vasquez Mary Ann
Seller's Agent
Anthony Dimassa
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Lenny Figueroa
Lifetime Realty Inc
List Price
$550,000
Sold Price
$500,000
Premium/Discount to List
-$50,000
-9.09%
Current Estimated Value
$715,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,743
Avg. Annual Appreciation
5.69%
Original Mortgage
$490,943
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 1, 2017
Closed on
Jun 26, 2017
Sold by
Brady Michael J
Bought by
Miranda Steven
Seller's Agent
Ryan C Martin
Estate Properties
Buyer's Agent
Guadalupe Lechuga
Castillo Realty
List Price
$420,000
Sold Price
$425,000
Premium/Discount to List
$5,000
1.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.22%
Original Mortgage
$417,302
Interest Rate
3.94%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Vasquez Gerardo $500,000 Progressive Title Company
Miranda Steven $425,000 Progressive Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vasquez Gerardo $493,113
Closed Vasquez Gerardo $490,943
Previous Owner Miranda Steven $417,302
Previous Owner Brady Michael J $150,000
Previous Owner Brady Michael J $50,000
Previous Owner Brady Michael J $103,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2019 03/19/19 Sold $500,000 0.0% $432 / Sq Ft
02/06/2019 02/06/19 Pending -- -- --
02/05/2019 02/05/19 Price Changed $500,000 -9.1% $432 / Sq Ft
01/14/2019 01/14/19 For Sale $550,000 +29.4% $475 / Sq Ft
07/18/2017 07/18/17 Sold $425,000 +1.2% $367 / Sq Ft
07/07/2017 07/07/17 Price Changed $420,000 0.0% $363 / Sq Ft
05/01/2017 05/01/17 Pending -- -- --
04/28/2017 04/28/17 For Sale $420,000 0.0% $363 / Sq Ft
03/16/2017 03/16/17 Pending -- -- --
02/01/2017 02/01/17 For Sale $420,000 -- $363 / 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 $7,187 $557,754 $390,429 $167,325
2024 $7,187 $546,819 $382,774 $164,045
2023 $7,070 $536,098 $375,269 $160,829
2022 $6,642 $525,587 $367,911 $157,676
2021 $6,515 $515,283 $360,698 $154,585
2019 $5,614 $433,500 $255,000 $178,500
2018 $5,454 $425,000 $250,000 $175,000
2016 $1,878 $137,237 $54,893 $82,344
2015 $1,799 $135,177 $54,069 $81,108
2014 $1,790 $132,530 $53,010 $79,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19009870

California Regional Multiple Listing Service (CRMLS)

APN: 7317-008-007