NOT LISTED FOR SALE

Estimated Value: $1,081,000 - $1,179,000

4 Beds
2 Baths
1,596 Sq Ft
$702/Sq Ft Est. Value

Last Sold September 07, 2020

Last sale price $847,250 $531 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $7,238/month

35 Days on Market

Highlights

  • End Unit
  • No HOA
  • Central Air
  • Stanford Middle School Rated A-
  • Laundry Room
  • Bike Trail

About This Home

As of September 2020

DON'T MISS THIS OPPORTUNITY !!!! Turnkey Duplex In ARTCRAFT MANOR...TRUE PRIDE OF OWNERSHIP! 2 Units. Both Units are 2 Bedrooms, 1 Bath. Fabulous Rental Units, or Live in One and Enjoy Rental Income...Bike to the Beach, Belmont Short, Shopping, Freeways, Schools, Long Beach Airport, Parks, Golf Courses, Long Beach City College, and CSULB. Croner lot Duplex with great curb appeal. Fully Remodeled, the owner spent over 100k in upgrades & remodeling the interior & exterior, this unique property comes with a separate 2 car garage that can easily be turned into an ADU, alongside a private yard for entertaining. 2 units, each consisting of 2 bed 1 full bath each, separate laundry room. Rarely on the Market!. A tree-lined street with plenty of street parking, park-like setting in the fenced front yard. Private location inside the tract. Offer subject to interior inspection.

Last Agent to Sell the Property

Samir Rai

Keystone Realty Group License #01868728 Listed on: 06/29/2020

Last Buyer's Agent

Minhua Gu

Select California Homes License #02006489

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,646

Year Built

  • Built in 1945

Lot Details

  • 6,868 Sq Ft Lot
  • No Common Walls
  • End Unit
  • Density is up to 1 Unit/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • 1,596 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Utilities

  • Central Air
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 75
  • Tax Tract Number 13163
  • Assessor Parcel Number 7218025027

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Artcraft Manor Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,200
  • Gardener Expense $80
  • Insurance Expense $1,500
  • Trash Expense $1,000
  • Water Sewer Expense $1,200
  • New Taxes Expense $8,500
  • Operating Expense $18,000
  • Gross Income $60,000
  • Net Operating Income $42,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,646

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.00
  • Property Attached: No
  • Subdivision Name Other: Artcraft Manor (AM)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR2N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 80.00
  • Parcel Number: 7218025027
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Common Walls: End Unit, No Common Walls
  • Price Per Square Foot: 530.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room
  • Sewer: Sewer Paid
  • Trash Expense: 1000.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6868.00
  • Lot Size Acres: 0.1577

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 60000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 200.00
  • Lot Size Area: 6868.0000 Square Feet
  • Net Operating Income: 42000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 18000.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Total Expenses: 18000.00

Tax Info

  • New Taxes Expense: 8500.00
  • Tax Census Tract: 5750.01
  • Tax Lot: 75
  • Tax Tract Number: 13163

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2021
Sold by
La Southbay Investments Llc
Bought by
Sundareson Edwin Arun and Sundareson Sukanya
Total Days on Market
35
Current Estimated Value
$1,120,736

Purchase Details

Listed on
Jun 29, 2020
Closed on
Aug 29, 2020
Sold by
Woodall Jermaine
Bought by
La Southbay Investments Llc
Seller's Agent
Samir Rai
Keystone Realty Group
Buyer's Agent
Minhua Gu
Select California Homes
List Price
$859,000
Sold Price
$847,250
Premium/Discount to List
-$11,750
-1.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.05%
Original Mortgage
$677,800
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 13, 2019
Sold by
Woodall Jermaine and Woodall Jerniaine K
Bought by
Woodall Jermaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$744,131
Interest Rate
4.4%
Mortgage Type
VA

Purchase Details

Listed on
May 8, 2018
Closed on
Jul 2, 2018
Sold by
Woodall Rita
Bought by
Woodall Jermaine K
Seller's Agent
Sara Cramer
Realty One Group West
Buyer's Agent
Samir Rai
Keystone Realty Group
List Price
$710,000
Sold Price
$673,500
Premium/Discount to List
-$36,500
-5.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.71%
Original Mortgage
$673,500
Interest Rate
4.5%
Mortgage Type
VA

Purchase Details

Listed on
May 8, 2018
Closed on
Jun 21, 2018
Sold by
Wells Steven T
Bought by
Woodall Jermaine K
Seller's Agent
Sara Cramer
Realty One Group West
Buyer's Agent
Samir Rai
Keystone Realty Group
List Price
$710,000
Sold Price
$673,500
Premium/Discount to List
-$36,500
-5.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$673,500
Interest Rate
4.5%
Mortgage Type
VA

Purchase Details

Closed on
Dec 16, 1997
Sold by
Wells Templeton
Bought by
Wells Templeton and Wells Barbara F
Source: Public Records

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Range of Values:

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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
Sundareson Edwin Arun -- Accommodation
La Southbay Investments Llc $847,500 Ticor Title
Woodall Jermaine -- Wfg National Title
Woodall Jermaine K -- Old Republic Title Company
Woodall Jermaine K $673,500 Old Republic Title Company
Wells Templeton -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sundareson Edwin Arun $698,100
Previous Owner La Southbay Investments Llc $677,800
Previous Owner Woodall Jermaine $742,800
Previous Owner Woodall Jermaine $744,131
Previous Owner Woodall Jermaine K $673,500
Previous Owner Wells Templeton $300,000
Previous Owner Wells Templeton $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2020 09/07/20 Sold $847,250 -1.4% $531 / Sq Ft
09/03/2020 09/03/20 For Sale $859,000 0.0% $538 / Sq Ft
08/03/2020 08/03/20 Pending -- -- --
07/25/2020 07/25/20 Price Changed $859,000 +1.2% $538 / Sq Ft
06/29/2020 06/29/20 For Sale $849,000 +26.1% $532 / Sq Ft
08/03/2018 08/03/18 Sold $673,500 -0.2% $438 / Sq Ft
06/15/2018 06/15/18 Price Changed $675,000 -4.9% $439 / Sq Ft
06/06/2018 06/06/18 For Sale $710,000 +5.4% $462 / Sq Ft
05/24/2018 05/24/18 Off Market $673,500 -- --
05/08/2018 05/08/18 For Sale $710,000 -- $462 / 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
2024 $11,646 $898,841 $686,600 $212,241
2023 $11,452 $881,218 $673,138 $208,080
2022 $10,748 $863,940 $659,940 $204,000
2021 $10,541 $847,000 $647,000 $200,000
2020 $8,613 $686,970 $479,400 $207,570
2019 $8,511 $673,500 $470,000 $203,500
2018 $1,861 $125,840 $79,771 $46,069
2016 $1,711 $120,955 $76,674 $44,281
2015 $1,649 $119,139 $75,523 $43,616
2014 $1,650 $116,806 $74,044 $42,762
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR20126382

California Regional Multiple Listing Service (CRMLS)

APN: 7218-025-027