NOT LISTED FOR SALE

Estimated Value: $821,000 - $886,000

4 Beds
3 Baths
1,937 Sq Ft
$435/Sq Ft Est. Value

Last Sold June 02, 2017

Last sale price $505,000 $261 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $5,043/month

14 Days on Market

Highlights

  • Private Yard
  • 2 Car Direct Access Garage
  • Side by Side Parking
  • No HOA
  • Two Homes on a Lot
  • Laundry Room

About This Home

As of June 2017

Amazing low maintenance duplex opportunity. Front unit features 2 bedroom/2 bathroom, living room with fireplace, small patio and attached 2 car garage. Rear unit features a 2 bedroom/1bathroom, interior washer/dryer hook-up and detached 1 car garage. Each unit is metered separately for gas and electric. Ideal situation for two families, investment, owner occupied or first time buyer. Property has attractive drought tolerant landscaping and is nearby freeways, transportation, recreation, shopping center, schools and churches. This is a great time to own during a time of increasing rental rates throughout the city. Property is being sold as-is. Please do not disturb tenants - no exceptions.

Last Agent to Sell the Property

DORTHEA BURNS-MORRIS

THE REAL ESTATE GROUP License #01257194 Listed on: 03/21/2017

THE REAL ESTATE GROUP

Last Buyer's Agent

Chris Breedlove

Rosewood Investment Group License #01862657

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 5,517 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in fair condition
  • Private Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Side by Side Parking
  • Two Garage Doors

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,937 Sq Ft Home
  • 1-Story Property
  • Window Screens
  • Living Room with Fireplace
  • Attic Fan
  • Window Bars

Kitchen

  • Gas and Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • 220 Volts In Laundry
  • Washer and Electric Dryer Hookup

Utilities

  • Central Heating
  • Radiant Heating System
  • Vented Exhaust Fan
  • 220 Volts
  • Sewer Not Available
  • TV Antenna

Additional Features

  • Exterior Lighting
  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, water
  • Tax Lot 148
  • Tax Tract Number 5134
  • Assessor Parcel Number 7131008026

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • Insurance Expense $1,000
  • Trash Expense $436
  • Water Sewer Expense $2,400
  • New Taxes Expense $900
  • Operating Expense $4,736
  • Gross Income $27,600
  • Net Operating Income $22,864

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Window Bars
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7131008026
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Attic Fan
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 260.71
  • Room Type: All Bedrooms Down, Kitchen, Living Room
  • Window Features: Screens

Exterior Features

  • Other Structures: Two On A Lot
  • Exterior Features: TV Antenna
  • Fence: Yes
  • Fencing: Fair Condition
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Direct Garage Access, Garage - Two Door, On Site, Side by Side
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas & Electric Range, Vented Exhaust Fan
  • Electric: 220 Volts in Laundry, 220 Volts, Electricity - On Property
  • Heating Type: Central, Radiant, Fireplace(s)
  • Laundry Features: Electric Dryer Hookup, In Garage, Inside, Washer Hookup
  • Sewer: None, Public Sewer
  • Trash Expense: 436.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Yard
  • Lot Size Sq Ft: 5517.00
  • Lot Size Acres: 0.1267

Rental Info

  • Tenant Pays: Cable TV, Electricity, Water

Multi Family

  • Gross Income: 27600.00
  • Gross Scheduled Income: 27600.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5517.0000 Square Feet
  • Net Operating Income: 22864.00
  • Number Of Separate Electric Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 4736.00
  • Rent Control: No
  • Total Expenses: 4736.00

Tax Info

  • New Taxes Expense: 900.00
  • Tax Census Tract: 5717.01
  • Tax Lot: 148
  • Tax Tract Number: 5134

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2017
Closed on
Apr 12, 2017
Sold by
Ervin Jacquelyn Y
Bought by
Ratunil Gerome S and Ou Chhou
Seller's Agent
DORTHEA BURNS-MORRIS
THE REAL ESTATE GROUP
Buyer's Agent
Chris Breedlove
Rosewood Investment Group
List Price
$500,000
Sold Price
$505,000
Premium/Discount to List
$5,000
1%
Current Estimated Value
$842,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$337,003
Avg. Annual Appreciation
6.15%
Original Mortgage
$495,853
Interest Rate
3.97%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 3, 1997
Sold by
Sanchez Terry J and Sanchez Nancy A
Bought by
Ervin Jacquelyn Y
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ratunil Gerome S $505,000 Title 365
Ervin Jacquelyn Y -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ratunil Gerome S $495,853
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2017 06/02/17 Sold $505,000 +1.0% $261 / Sq Ft
04/04/2017 04/04/17 Pending -- -- --
03/21/2017 03/21/17 For Sale $500,000 -- $258 / 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 $7,569 $586,092 $295,947 $290,145
2024 $7,569 $574,601 $290,145 $284,456
2023 $7,441 $563,335 $284,456 $278,879
2022 $6,990 $552,290 $278,879 $273,411
2021 $6,846 $541,461 $273,411 $268,050
2019 $6,747 $525,402 $265,302 $260,100
2018 $6,492 $515,100 $260,100 $255,000
2016 $2,675 $210,484 $82,541 $127,943
2015 $2,572 $207,324 $81,302 $126,022
2014 $2,563 $203,264 $79,710 $123,554
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN17056673

California Regional Multiple Listing Service (CRMLS)

APN: 7131-008-026