NOT LISTED FOR SALE

Estimated Value: $798,000 - $958,000

4 Beds
3 Baths
2,008 Sq Ft
$434/Sq Ft Est. Value

Last Sold November 27, 2013

Last sale price $410,000 $204 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $5,463/month

18 Days on Market

Highlights

  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Remodeled Bathroom

About This Home

As of November 2013

This is a great opportunity to own an amazing triplex in non-rent controlled Long Beach!!!!!! The property currently is a triplex that is comprised of a 3 bedroom and one bathroom house and two (2) one bedroom and one bathroom unit. The house has been renovated with an updated kitchen and bathroom and has a self-contained washer and dryer area. The house also has a brand new roof that has a twenty year life. The two (2) one bedroom units are in good condition and each has a parking space available with access for washer and dryer service. The units are fully occupied and receiving market rents. The potential for this property is huge. The property next door, with the same lot dimension, has four (4) units and this property can be potentially transformed into a larger multi-family space that could yield a phenomenal return (check with city).

Last Agent to Sell the Property

Preston Howard

Rose City Realty License #01179123 Listed on: 10/04/2013

Last Buyer's Agent

Carlos Cuba

License #01854896

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,790

Year Built

  • Built in 1949

Lot Details

  • 5,846

Home Design

  • 2,008 Sq Ft Home
  • Shingle Roof
  • Composition Roof
  • Stucco

Kitchen

  • Oven
  • Gas and Electric Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Remodeled Bathroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer Hookup

Parking

  • 3 Parking Spaces
  • Carport

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Sewer in Street
  • Cable TV Available

Additional Features

  • 5,846 Sq Ft Lot
  • City Lot

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 7208-024-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,790

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Entry Location: Ground Level w/steps
  • Living Area: 2008
  • Year Built: 1949
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Gas/Electric Range, Oven
  • Bedrooms: 4
  • Bathroom Features: Remodeled
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Remodeled
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Stackable W/D Hookup
  • Price Per S Q F T: 199.15

Exterior Features

  • Construction: Stucco
  • Tennis Court Y/N: No
  • Construction: Frame/stuc
  • Construction: Frame and Stucco
  • Pool: No
  • Roof: Composition, Shingle
  • View: No

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 3

Utilities

  • TV Svcs: Cable TV
  • Cooling: Wall/Window
  • Heating: Natural Gas
  • Sewer: In Street Paid
  • Water Expense: 846.00

Fee Information

  • Insurance Expense: 1104.00
  • Management Expense: 1050.00
  • Other Expense: 480.00

Lot Info

  • Assessed Improvement Value: 92686
  • Assessed Land Value: 98865
  • Assessor Parcel Number: 7208-024-008
  • Geocode Override: No
  • Lot Location: City
  • Lot Size Area: 5846

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Water
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 10.39
  • Number Of Units: 3
  • Rent Control: 0
  • Total Annual Expense: 19000
  • Type Of Units: Detached
  • Vacancy Rate: 33%

Tax Info

  • Tax Expense: 2585.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2021
Sold by
Allen Minesha S and Allen Minesha
Bought by
Allen Minesha S
Total Days on Market
18
Current Estimated Value
$872,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Outstanding Balance
$258,132
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$626,916

Purchase Details

Listed on
Oct 4, 2013
Closed on
Nov 3, 2013
Sold by
Horn Randy D and Horn Laurie J
Bought by
Allen Minesha
Seller's Agent
Preston Howard
Rose City Realty
Buyer's Agent
Carlos Cuba
List Price
$399,900
Sold Price
$410,000
Premium/Discount to List
$10,100
2.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%
Original Mortgage
$307,500
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2004
Sold by
Horn Laurie
Bought by
Horn Randy D and Horn Laurie J

Purchase Details

Closed on
Jan 15, 2004
Sold by
Horn Laurie
Bought by
Horn Randy D and Horn Laurie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,600
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 4, 2003
Sold by
Horn Randy D and Horn Laurie J
Bought by
Horn Laurie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,600
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2002
Sold by
Horn Laurie
Bought by
Horn Randy D and Horn Laurie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
5.99%

Purchase Details

Closed on
Sep 9, 1999
Sold by
Albert Michael A and Horn Randy D
Bought by
Horn Randy D and Horn Laurie J

Purchase Details

Closed on
Jan 1, 1999
Sold by
Pennix Loretha
Bought by
Albert Michael A and Horn Randy D

Purchase Details

Closed on
May 16, 1994
Sold by
Harvey Evelyn
Bought by
Pennix Loretha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,812
Interest Rate
8.38%
Mortgage Type
FHA
Source: Public Records

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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
Allen Minesha S -- Clearmark Title Company
Allen Minesha $410,000 Chicago Title Company
Horn Randy D -- --
Horn Randy D -- Chicago Title Co
Horn Laurie J -- Security Union Title
Horn Randy D -- First American Title Co
Horn Laurie -- First American Title Co
Horn Randy D -- --
Albert Michael A -- --
Pennix Loretha $129,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allen Minesha S $279,000
Closed Allen Minesha $307,500
Previous Owner Horn Laurie J $269,600
Previous Owner Horn Laurie $198,000
Previous Owner Horn Randy D $25,000
Previous Owner Horn Randy D $193,000
Previous Owner Pennix Loretha $36,000
Previous Owner Pennix Loretha $127,812
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2013 11/27/13 Sold $410,000 +2.5% $204 / Sq Ft
10/22/2013 10/22/13 Pending -- -- --
10/04/2013 10/04/13 For Sale $399,900 -- $199 / Sq Ft
Source: The MLS

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
2024 $6,790 $492,737 $240,359 $252,378
2023 $6,673 $483,077 $235,647 $247,430
2022 $6,276 $473,606 $231,027 $242,579
2021 $6,143 $464,321 $226,498 $237,823
2020 $6,127 $459,561 $224,176 $235,385
2019 $6,057 $450,551 $219,781 $230,770
2018 $5,819 $441,718 $215,472 $226,246
2016 $5,354 $424,567 $207,106 $217,461
2015 $5,144 $418,191 $203,996 $214,195
2014 $5,120 $410,000 $200,000 $210,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 13-709429

The MLS

APN: 7208-024-008