NOT LISTED FOR SALE

Estimated Value: $747,952 - $960,000

3 Beds
3 Baths
1,323 Sq Ft
$622/Sq Ft Est. Value

Last Sold July 23, 2013

Last sale price $379,000 $286 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $4,807/month

18 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Granite Countertops
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Double Pane Windows
  • 4-minute walk to NAACP Freedom Park

About This Home

As of July 2013

Much sought after duplex. The front unit is a 3bedroom/2 bath unit. The unit has been completely remodeled. The kitchen has brand new granite counter tops and cabinets. The bathrooms have been completely remodeled. The 2nd unit is a studio that has been completely remodeled too!

Last Agent to Sell the Property

Arturo Cervantes

Better Homes and Gardens Real Estate Champions License #01815136 Listed on: 05/07/2013

Better Homes and Gardens Real Estate Champions

Last Buyer's Agent

Adam Shandrow

Shandrow Group License #01863342

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,008

Year Built

  • Built in 1932

Lot Details

  • 5,340 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage
  • On-Street Parking

Home Design

  • Property Attached

Interior Spaces

  • 1,323 Sq Ft Home
  • Double Pane Windows
  • Granite Countertops
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Accessible Home Design

  • Doors are 32 inches wide or more
  • More Than Two Accessible Exits

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 34
  • Assessor Parcel Number 7211013004

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $800
  • New Taxes Expense $4,190
  • Gross Income $2,400
  • Net Operating Income $22,436

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,008

Year Built

Built in 1932

Lot Details

0

Parking

1

Listing Details

  • Ad Number: 951-488-2510
  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7211013004
  • Year Built: 1932
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Granite Counters
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet
  • Accessibility Features: 2+ Access Exits, 32 Inch Or More Wide Doors
  • Levels: One
  • Price Per Square Foot: 286.47
  • Room Type: All Bedrooms Down
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Parking Features: Street
  • 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

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5340.00
  • Lot Size Acres: 0.1230

Rental Info

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

Multi Family

  • Gross Income: 2400.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 800.00
  • Lot Size Area: 5340.0000 Square Feet
  • Net Operating Income: 22436.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5590.00
  • Rent Control: No
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 4190.00
  • Tax Lot: 34
  • Tax Tract Number: !!!!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2013
Closed on
May 30, 2013
Sold by
Usa Investment Group Llc
Bought by
Fernandez Mark and Fernandez Jeimy
Seller's Agent
Arturo Cervantes
Better Homes and Gardens Real Estate Champions
Buyer's Agent
Adam Shandrow
Shandrow Group
List Price
$389,900
Sold Price
$379,000
Premium/Discount to List
-$10,900
-2.8%
Current Estimated Value
$822,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$443,738
Avg. Annual Appreciation
6.52%
Original Mortgage
$372,135
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 16, 2012
Closed on
Jan 10, 2013
Sold by
Wells Fargo Bank Na
Bought by
Usa Investments Group Llc
Seller's Agent
Dave Bauman
Keller Williams OC Luxury Realty
Buyer's Agent
Maryam Golbakhsh
Maryam Golbakhsh, Broker
List Price
$185,000
Sold Price
$225,000
Premium/Discount to List
$40,000
21.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
227.10%
Original Mortgage
$110,000
Interest Rate
3.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 7, 2011
Sold by
Blake Augustine
Bought by
Wells Fargo Bank N A

Purchase Details

Closed on
Sep 16, 2010
Sold by
Blake Augustine
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jul 10, 2002
Sold by
Blake Augustine
Bought by
Blake Augustine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.69%
Source: Public Records

Range of Values:

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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
Fernandez Mark $379,000 Title 365
Usa Investments Group Llc -- Investors Title Company
Wells Fargo Bank N A $249,886 Accommodation
Wells Fargo Bank Na $200,000 Accommodation
Blake Augustine -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fernandez Mark $372,135
Previous Owner Usa Investments Group Llc $110,000
Previous Owner Blake Augustine $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/23/2013 07/23/13 Sold $379,000 -2.8% $286 / Sq Ft
05/24/2013 05/24/13 Pending -- -- --
05/06/2013 05/06/13 For Sale $389,900 +73.3% $295 / Sq Ft
02/13/2013 02/13/13 Sold $225,000 +21.6% $170 / Sq Ft View Prior Sale
11/28/2012 11/28/12 Pending -- -- --
11/16/2012 11/16/12 For Sale $185,000 -- $140 / 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 $6,008 $464,592 $183,874 $280,718
2024 $6,008 $455,483 $180,269 $275,214
2023 $5,905 $446,553 $176,735 $269,818
2022 $5,546 $437,798 $173,270 $264,528
2021 $5,431 $429,215 $169,873 $259,342
2020 $5,416 $424,815 $168,132 $256,683
2019 $5,352 $416,486 $164,836 $251,650
2018 $5,168 $408,320 $161,604 $246,716
2017 $55 $400,315 $158,436 $241,879
2016 $4,753 $392,467 $155,330 $237,137
2015 $4,562 $386,572 $152,997 $233,575
2014 $4,535 $379,000 $150,000 $229,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG13083509

California Regional Multiple Listing Service (CRMLS)

APN: 7211-013-004