NOT LISTED FOR SALE

2233 Grand Ave Long Beach, CA 90815

Artcraft Manor Neighborhood

Estimated Value: $949,017 - $1,099,000

2 Beds
1 Bath
6,146 Sq Ft
$168/Sq Ft Est. Value

Last Sold February 13, 2013

Last sale price $426,000 $69 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $5,957/month

5 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • No Heating
  • Bixby Elementary School Rated 9+

About This Home

As of February 2013

Nicely upgraded within the last two years, duplex. Front unit 2 bedrm, 1, bath, has newer paint, wood flooring, kitchen cabinets with solid surface counters. Back unit, 2 bedrm, 1 bath, also includes a 2 car garage. Nicely upgraded with new flooring (wood and vinyl), remodeled kitchen with attractive cainets, solid surface counters. Bathroom also remodeled with new vanity and flooring. Both units are currently rented, one month to month. Nice neighborhood and this 'home' is well located in the neighborhood. Not too far from shopping and conveniences. PLEASE do not alarm tenants!! Drive by only and call with questions. Great opporutnity, great deal of work has alredy been done!

Last Agent to Sell the Property

Marcy Colton

RE/MAX College Park Realty License #01198146 Listed on: 01/04/2013

RE/MAX College Park Realty

Last Buyer's Agent

David Dumalski

White Realty Associates License #00657189

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 6,098

Parking

  • 2 Car Garage

Home Design

  • 6,146 Sq Ft Home
  • Traditional Architecture
  • Frame Construction
  • Shingle Roof
  • Stucco

Flooring

  • Wood
  • Vinyl

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 42
  • Tax Tract Number 13163
  • Assessor Parcel Number 7218026004

Community Details

Overview

  • 2 Units

Building Details

  • Gardener Expense $360
  • Insurance Expense $400
  • Professional Management Expense $1,836
  • Trash Expense $900
  • Net Operating Income $28,704

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 7.21
  • Professional Management Expense: 1836.00
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 7218026004
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Wood
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 69.31

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Gross Multiplier: 12.54
  • Gross Scheduled Income: 31740.00
  • Insurance Expense: 400.00
  • Net Operating Income: 28704.00
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Operating Expense: 75.00

Tax Info

  • Tax Lot: 42
  • Tax Tract Number: 13163

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 16, 2013
Sold by
Eakin Kenneth L
Bought by
Eakin Knneth L and Eakin Karen L
Current Estimated Value
$1,030,754

Purchase Details

Listed on
Jan 4, 2013
Closed on
Feb 4, 2013
Sold by
Chau Linda L
Bought by
Eakin Kenneth L and Eakin Karen L
Seller's Agent
Marcy Colton
RE/MAX College Park Realty
Buyer's Agent
David Dumalski
White Realty Associates
List Price
$398,000
Sold Price
$426,000
Premium/Discount to List
$28,000
7.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.07%
Original Mortgage
$311,250
Outstanding Balance
$216,370
Interest Rate
3.29%
Mortgage Type
New Conventional
Estimated Equity
$814,384

Purchase Details

Listed on
Jan 4, 2013
Closed on
Jan 24, 2013
Sold by
Chau Tony
Bought by
Chau Linda L
Seller's Agent
Marcy Colton
RE/MAX College Park Realty
Buyer's Agent
David Dumalski
White Realty Associates
List Price
$398,000
Sold Price
$426,000
Premium/Discount to List
$28,000
7.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,250
Outstanding Balance
$216,370
Interest Rate
3.29%
Mortgage Type
New Conventional
Estimated Equity
$814,384

Purchase Details

Closed on
Jun 5, 2003
Sold by
Thoi Chris Cuong
Bought by
Lu Linda Le

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 2003
Sold by
Fujimoto Norman Y
Bought by
Lu Linda Le

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 11, 1998
Sold by
Fujimoto Norman Y
Bought by
Fujimoto Norman Y and Fujimoto Susan S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Eakin Knneth L -- Provident Title Company
Eakin Kenneth L $420,000 None Available
Chau Linda L -- None Available
Lu Linda Le -- Fidelity
Lu Linda Le $365,000 Fidelity
Fujimoto Norman Y -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chau Linda L $311,250
Previous Owner Lu Linda Le $325,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2013 02/13/13 Sold $426,000 0.0% $69 / Sq Ft
02/09/2013 02/09/13 Rented $1,295 -4.1% --
02/09/2013 02/09/13 Under Contract -- -- --
01/24/2013 01/24/13 For Rent $1,350 0.0% --
01/09/2013 01/09/13 Pending -- -- --
01/04/2013 01/04/13 For Sale $398,000 -- $65 / 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 $6,800 $517,188 $357,109 $160,079
2024 $6,800 $507,048 $350,107 $156,941
2023 $6,686 $497,107 $343,243 $153,864
2022 $6,284 $487,361 $336,513 $150,848
2021 $6,157 $477,806 $329,915 $147,891
2019 $6,071 $463,636 $320,131 $143,505
2018 $5,826 $454,546 $313,854 $140,692
2016 $5,360 $436,897 $301,667 $135,230
2015 $5,146 $430,335 $297,136 $133,199
2014 $5,116 $421,906 $291,316 $130,590
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Marcy Colton

    RE/MAX

    Section Image
  • Joyce Riviere

    Seller's Agent in 2013

    Joyce Riviere

    Advantage Property Finance Group

    (714) 642-5881

    17 Total Sales

    Joyce Riviere
    Section Image
  • David Dumalski

    Buyer's Agent in 2013

    David Dumalski

    White Realty Associates

    (562) 631-1422

    1 in this area

    42 Total Sales

    David Dumalski
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P844772

California Regional Multiple Listing Service (CRMLS)

APN: 7218-026-004

California Los Angeles County Long Beach 90815 Artcraft Manor

2233 Grand Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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