NOT LISTED FOR SALE

Estimated Value: $1,022,000 - $1,092,000

4 Beds
2 Baths
1,675 Sq Ft
$625/Sq Ft Est. Value

Last Sold April 29, 2014

Last sale price $493,000 $294 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $6,092/month

17 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Bixby Elementary School Rated 9+
  • Carpet

About This Home

As of April 2014

Great Investment opportunity just listed...Standard Sale. Lg DUPLEX Only 1.5 miles to Cal State LB University. 3 miles to the Beach!!! Located on a nice wide open tree lined street in a nice neighborhood with well-maintained homes in artcraft manor. 1,675 sq.ft. total living space on a large 5,947 lot. Each unit has 2 good sized bedrooms, 1 bath. approx. 836 sq.ft. living space each. Both have a dinning area, lg kitchen with tons of cabinet & counter space. Separate inside laundry room area off the kitchens. Both units have their very own private fenced yards with covered patios as well! Plus a lg shared yard at the back of the property. 2 car garage off the alley. Property is currently occupied with good long term tenants. One-3+year, One-20+year. Both tenants pay their own utilities (Water, Gas, & Electricity). This property needs just a little TLC but represents a fantastic income potential for somebody. Near Stearns champions Park w/lighted Basketball & Volleyball Courts, Baseball Fields, Community Center, Picnic Area, Playground, Soccer Field, Youth Recreation, Adult Classes, & Senior Programs. Close to shopping center, Restaurants, Churches & easy freeway access. Buffum Elementary school, and Stanford Middle school 6-8 test rated 9, & Wilson High.

Last Agent to Sell the Property

Miki Singer

Coldwell Banker Realty License #01357452 Listed on: 03/28/2014

Coldwell Banker Realty

Last Buyer's Agent

Cassidy Tutt

WGroup Realtors License #01395351

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 5,947 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • 1,675 Sq Ft Home
  • Property Attached

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, grounds care, trash collection, water
  • Tax Lot 45
  • Tax Tract Number 14229
  • Assessor Parcel Number 7223007003

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $65
  • Insurance Expense $100
  • New Taxes Expense $6,225
  • Net Operating Income $1,980

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Artcraft Manor (AM)
  • Property Type: Residential Income
  • Gardener Expense: 65.00
  • Parcel Number: 7223007003
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Levels: One
  • Price Per Square Foot: 294.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 5947.00
  • Lot Size Acres: 0.1370

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Grounds Care, Trash Collection, Water

Multi Family

  • Gross Scheduled Income: 30600.00
  • Insurance Expense: 100.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 5947.0000 Square Feet
  • Net Operating Income: 1980.00
  • 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: 165.00
  • Rent Control: No
  • Total Actual Rent: 2550.00

Tax Info

  • New Taxes Expense: 6225.00
  • Tax Lot: 45
  • Tax Rate: 1.25
  • Tax Tract Number: 14229
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2018
Sold by
Kelman Robert S and Kelman Pei
Bought by
Kelman Robert S and Kelman Pei
Current Estimated Value
$1,046,668

Purchase Details

Closed on
Nov 14, 2015
Sold by
Kelman Robert S
Bought by
The Kelman Revocable Living Trust

Purchase Details

Closed on
Jun 1, 2015
Sold by
Kelman Robert S
Bought by
Kelman Robert S and Keiman Pei Pei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,325
Outstanding Balance
$280,093
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$766,575

Purchase Details

Closed on
Nov 14, 2014
Sold by
Kelman Robert
Bought by
Kelman Robert S and Kelman Pei Pei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,700
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 28, 2014
Closed on
Jun 10, 2014
Sold by
Kelman Robert S
Bought by
Kelman Robert S and Kelman Pei Pei
Seller's Agent
Miki Singer
Coldwell Banker Realty
Buyer's Agent
Cassidy Tutt
WGroup Realtors
List Price
$498,000
Sold Price
$493,000
Premium/Discount to List
-$5,000
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.58%

Purchase Details

Listed on
Mar 28, 2014
Closed on
Apr 1, 2014
Sold by
Ross Esther
Bought by
Kelman Robert and Kelman Pei Pei
Seller's Agent
Miki Singer
Coldwell Banker Realty
Buyer's Agent
Cassidy Tutt
WGroup Realtors
List Price
$498,000
Sold Price
$493,000
Premium/Discount to List
-$5,000
-1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,750
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 1996
Sold by
Ross David G and Ross Esther
Bought by
Ross David G and Ross Esther
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
Kelman Robert S -- None Available
Kelman Robert S -- None Available
The Kelman Revocable Living Trust -- None Available
Kelman Robert S -- First American Title Company
Kelman Robert S -- Accommodation
Kelman Robert -- First American Title Company
Kelman Robert S -- None Available
Kelman Robert $493,000 Chicago Title Company
Ross David G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kelman Robert S $363,325
Closed Kelman Robert $365,700
Closed Kelman Robert $369,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2014 04/29/14 Sold $493,000 -1.0% $294 / Sq Ft
03/28/2014 03/28/14 Pending -- -- --
03/11/2014 03/11/14 For Sale $498,000 -- $297 / 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 $7,888 $604,342 $422,918 $181,424
2024 $7,888 $592,493 $414,626 $177,867
2023 $7,756 $580,877 $406,497 $174,380
2022 $7,283 $569,488 $398,527 $170,961
2021 $7,138 $558,322 $390,713 $167,609
2019 $7,036 $541,764 $379,125 $162,639
2018 $6,771 $531,142 $371,692 $159,450
2016 $6,226 $510,518 $357,259 $153,259
2015 $5,977 $502,850 $351,893 $150,957
2014 $4,422 $359,724 $143,886 $215,838
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14050218

California Regional Multiple Listing Service (CRMLS)

APN: 7223-007-003

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