NOT LISTED FOR SALE

224 E Sunset St Long Beach, CA 90805

Addams Neighborhood

Estimated Value: $622,861 - $755,000

2 Beds
2 Baths
920 Sq Ft
$727/Sq Ft Est. Value

Last Sold April 18, 2013

Last sale price $250,000 $272 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $3,736/month

125 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Tile Flooring
  • Double Pane Windows
  • Bungalow
  • Wall Furnace

About This Home

As of April 2013

THESE 2 UNITS ARE A MUST SEE!!! GREAT INCOME PROPERTY. TWO DETACHED HOUSES 1 BED 1 BATH EACH WITH PRIVATE ENTRANCES THIS IS NOT A SHORT SALE OR REO, WE ARE READY FOR A QUICK CLOSING! GREAT INVESTMENT GOOD CASH FLOW, FRONT UNIT TO BE VACANT AT CLOSE OF ESCROW, BACK HOUSE VACANT . FRONT HOUSE IS IN GOOD CONDITIONS , BACK HOUSE UNDER SOME REMODELING. LONG DRIVEWAY WITH A LOTS OF SPACE TO PARK MULTIPLE CARS . GREAT QUIET LOCATION, SELLER WILL RESPOND QUICKLY TO ALL OFFERS. TWO PARCELS INCLUDED IN THIS SALE 7131-030-004 / 7131-030-005. SELLER VERY MOTIVATED.CLOSE TO FWY'S AND SHOPPING CENTERS.

Last Agent to Sell the Property

Armando Gonzalez

Pacific Properties Realty Group License #01310018 Listed on: 10/16/2012

Last Buyer's Agent

Saleha Hoque

Amberwood Real Estate License #01816723

Amberwood Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 4,496 Sq Ft Lot
  • No Common Walls
  • Fence is in fair condition
  • Density is up to 1 Unit/Acre

Parking

  • 6 Parking Spaces

Home Design

  • Bungalow
  • Composition Roof
  • Stucco

Interior Spaces

  • 920 Sq Ft Home
  • Double Pane Windows
  • Tile Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 1571
  • Tax Tract Number 5134
  • Assessor Parcel Number 7131030004

Community Details

Overview

  • No Home Owners Association

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Ad Number: 310-600-0243
  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 7131030004
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Levels: One
  • Price Per Square Foot: 271.74
  • Window Features: Double Pane Windows

Exterior Features

  • Fencing: Fair Condition
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Total Parking Spaces: 6.00

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4496.00
  • Lot Size Acres: 0.1030

Multi Family

  • Lot Size Area: 4496.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Rent Control: No
  • Total Actual Rent: 1770.00

Tax Info

  • Tax Lot: 1571
  • Tax Tract Number: 5134

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2012
Closed on
Apr 10, 2013
Sold by
Velasquez Felix Roberto and Velasquez Roda Haydee
Bought by
Hoque Abdul and Hoque Saleha
Seller's Agent
Armando Gonzalez
Pacific Properties Realty Group
Buyer's Agent
Saleha Hoque
Amberwood Real Estate
List Price
$264,500
Sold Price
$250,000
Premium/Discount to List
-$14,500
-5.48%
Current Estimated Value
$668,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,965
Avg. Annual Appreciation
8.05%
Original Mortgage
$175,000
Outstanding Balance
$123,750
Interest Rate
3.51%
Mortgage Type
New Conventional
Estimated Equity
$545,215

Purchase Details

Closed on
Jun 2, 2008
Sold by
Homecomings Financial Llc
Bought by
Velasquez Felix Roberto and Velasquez Rosa Haydee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 21, 2007
Sold by
Lopez Lidia Gonzalez
Bought by
Homecomings Financial Llc and Homecomings Financial Network Inc

Purchase Details

Closed on
Jul 19, 2005
Sold by
Angulo Maria and Beltran Maria Natividad Angulo
Bought by
Lopez Lidia Gonzalez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 24, 2005
Sold by
Flores Gustavo
Bought by
Angulo Beltran Maria Natividad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 17, 2005
Sold by
Valadez Rosa
Bought by
Flores Gustavo

Purchase Details

Closed on
Dec 2, 2004
Sold by
Urban Street Properties Inc
Bought by
Flores Gustavo

Purchase Details

Closed on
Aug 17, 2004
Sold by
Fogerty Janet L and Fogerty Sydney N
Bought by
Urban Street Properties Inc
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
Hoque Abdul $250,000 Provident Title Company
Velasquez Felix Roberto $235,000 First American Title Ins Co
Homecomings Financial Llc $360,000 Lsi Title
Lopez Lidia Gonzalez -- --
Angulo Beltran Maria Natividad $395,000 United Title Company
Flores Gustavo -- Fidelity National Title Co
Flores Gustavo $280,000 Fidelity National Title Co
Urban Street Properties Inc -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoque Abdul $175,000
Previous Owner Velasquez Felix Roberto $176,250
Previous Owner Angulo Beltran Maria Natividad $316,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2013 04/18/13 Sold $250,000 -5.5% $272 / Sq Ft
02/18/2013 02/18/13 Pending -- -- --
10/16/2012 10/16/12 For Sale $264,500 -- $288 / 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 $2,766 $197,014 $110,821 $86,193
2024 $2,766 $193,152 $108,649 $84,503
2023 $2,716 $189,366 $106,519 $82,847
2022 $2,555 $185,654 $104,431 $81,223
2021 $2,498 $182,015 $102,384 $79,631
2020 $2,492 $180,150 $101,335 $78,815
2019 $2,462 $176,619 $99,349 $77,270
2018 $2,376 $173,156 $97,401 $75,755
2016 $2,189 $166,434 $93,620 $72,814
2015 $2,105 $163,935 $92,214 $71,721
2014 $2,100 $160,725 $90,408 $70,317
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Armando Gonzalez

    Pacific Properties Realty Group

  • S

    Buyer's Agent in 2013

    Saleha Hoque

    Amberwood Real Estate

    (562) 381-3872

    4 Total Sales

    Saleha Hoque
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB12128634

California Regional Multiple Listing Service (CRMLS)

APN: 7131-030-004

California Los Angeles County Long Beach 90805 Addams

224 E Sunset St, Long Beach, CA

Not Listed for Sale

MultiFamily

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