NOT LISTED FOR SALE

Estimated Value: $854,915 - $1,094,000

6 Beds
5 Baths
2,988 Sq Ft
$322/Sq Ft Est. Value

Last Sold July 01, 2014

Last sale price $450,000 $151 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $5,660/month

38 Days on Market

Highlights

  • No HOA
  • Whole House Fan
  • 2 Car Garage
  • Long Beach Polytechnic High School Rated A
  • Laundry Room
  • Carpet

About This Home

As of July 2014

This home is located at 2226 Pasadena Ave, Long Beach, CA 90806 since 08 April 2014 and is currently estimated at $962,479, approximately $322 per square foot. This property was built in 1935. 2226 Pasadena Ave is a home located in Los Angeles County with nearby schools including Bobbie Smith Elementary, Nelson Academy, and Long Beach Polytechnic High School.

Last Agent to Sell the Property

Elizabeth Cisneros

Summit Realty Group License #01761345 Listed on: 04/08/2014

Last Buyer's Agent

Sonny Tan

Pinnacle Real Estate Group License #01201341

Pinnacle Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 5,756 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Garage
  • 1 Carport Space
  • Parking Available
  • Driveway

Home Design

  • Property Attached
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Stucco

Interior Spaces

  • 2,988 Sq Ft Home
  • Carpet
  • Electric Cooktop

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Whole House Fan
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 10403
  • Assessor Parcel Number 7208020005

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $300
  • Water Sewer Expense $1,140
  • New Taxes Expense $2,500
  • Gross Income $1,402
  • Net Operating Income $2,598

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Maintained
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 1140.00
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 7208020005
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Price Per Square Foot: 150.60
  • Room Type: All Bedrooms Up

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Driveway, Garage
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage, Individual Room
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Whole House Fan
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 5756.00
  • Lot Size Acres: 0.1320

Multi Family

  • Gross Income: 1402.00
  • Gross Scheduled Income: 46800.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 5756.0000 Square Feet
  • Net Operating Income: 2598.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 2598.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2500.00
  • Tax Lot: 5
  • Tax Tract Number: 10403
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2014
Closed on
May 22, 2014
Sold by
Bledsoe Jame Sh and Cotton Eleanora M
Bought by
Kim San and Khuy Chantha
Seller's Agent
Elizabeth Cisneros
Summit Realty Group
Buyer's Agent
Sonny Tan
Pinnacle Real Estate Group
List Price
$525,000
Sold Price
$450,000
Premium/Discount to List
-$75,000
-14.29%
Current Estimated Value
$962,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$512,479
Avg. Annual Appreciation
6.85%
Original Mortgage
$337,500
Outstanding Balance
$255,666
Interest Rate
4.17%
Mortgage Type
New Conventional
Estimated Equity
$706,813

Purchase Details

Closed on
Jul 22, 2005
Sold by
Cotton Tommy J and Cotton Tommy
Bought by
Cotton Tommy J and The Tommy J Cotton Trust

Purchase Details

Closed on
Aug 30, 2004
Sold by
Bledsoe James H
Bought by
Cotton Tommy and Bledsoe James H

Purchase Details

Closed on
May 31, 2000
Sold by
Cotton Tommy and Bledsoe James H
Bought by
Bledsoe James H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,000
Interest Rate
9.25%

Purchase Details

Closed on
May 24, 1995
Sold by
Bledsoe Judy
Bought by
Bledsoe James H

Purchase Details

Closed on
Sep 21, 1993
Sold by
Cotton Tommy and Bledsoe James H
Bought by
Cotton Tommy and Bledsoe James H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,500
Interest Rate
6.98%
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
Kim San $455,000 Ticor Title Company
Cotton Tommy J -- --
Cotton Tommy -- --
Bledsoe James H -- California Counties Title Co
Bledsoe James H -- Fidelity National Title
Cotton Tommy -- Southland Title
Cotton Tommy -- Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim San $337,500
Previous Owner Bledsoe James H $221,000
Previous Owner Cotton Tommy $117,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2014 07/01/14 Sold $450,000 -14.3% $151 / Sq Ft
05/16/2014 05/16/14 Pending -- -- --
04/08/2014 04/08/14 For Sale $525,000 -- $176 / 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 $7,408 $546,833 $240,367 $306,466
2024 $7,408 $536,111 $235,654 $300,457
2023 $7,283 $525,600 $231,034 $294,566
2022 $6,851 $515,295 $226,504 $288,791
2021 $6,702 $505,192 $222,063 $283,129
2020 $6,684 $500,013 $219,787 $280,226
2019 $6,608 $490,210 $215,478 $274,732
2018 $6,343 $480,599 $211,253 $269,346
2016 $5,827 $461,938 $203,050 $258,888
2015 $5,599 $455,000 $200,000 $255,000
2014 $2,749 $211,848 $52,379 $159,469
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG14076927

California Regional Multiple Listing Service (CRMLS)

APN: 7208-020-005