NOT LISTED FOR SALE

Estimated Value: $794,000 - $927,000

1 Bed
1 Bath
2,012 Sq Ft
$438/Sq Ft Est. Value

Last Sold March 30, 2012

Last sale price $323,500 $161 Per Sq Ft

Est. 172% increase in value since last sale

Current estimated payment $5,411/month

42 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • Wall Furnace
  • No HOA
  • Tile Flooring

About This Home

As of March 2012

Attractive triplex in good rental area of North Long Beach, very convenient to stores and transportation. This triplex consists of three, 1 bedroom, 1 bath, single story units with tile floors throughout, dining areas, a separate laundry room, a fenced lot with front and rear yards and three, 1 car garages. Interiors and exterior are newly painted and two units have new stoves. Dont miss this investment opportunity, choose you tenants and set your rents. Income and expenses are estimates.

Last Agent to Sell the Property

Richard Smith

Berkshire Hathaway HomeServices California Properties License #800973 Listed on: 01/06/2012

Last Buyer's Agent

Thomas Fragale

Real Estate EBroker Inc. License #01821840

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,620

Year Built

  • Built in 1947

Lot Details

  • 5,685 Sq Ft Lot
  • Lot Dimensions are 50 x 114

Parking

  • 3 Car Garage

Home Design

  • Traditional Architecture
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,012 Sq Ft Home
  • Tile Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 20 / 10
  • Tax Tract Number 6792
  • Assessor Parcel Number 7304008022

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Insurance Expense $450
  • Maintenance Expense $1,571
  • Trash Expense $480
  • Water Sewer Expense $1,800
  • New Taxes Expense $4,249
  • Gross Income $2,250
  • Net Operating Income $9,450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,620

Year Built

Built in 1947

Lot Details

0

Parking

3

Listing Details

  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1800.00
  • Zoning: Lbr1n
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7304008022
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Tile
  • Levels: One
  • Price Per Square Foot: 160.79

Exterior Features

  • Roof: Composition, Shingle
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Trash Expense: 480.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size: 50 x 114
  • Lot Size Sq Ft: 5685.00
  • Lot Size Acres: 0.1300

Multi Family

  • Average1 Bed Area: 671
  • Electric Expense: 360.00
  • Gross Income: 2250.00
  • Gross Scheduled Income: 27000.00
  • Insurance Expense: 450.00
  • Lot Size Area: 5685.0000 Square Feet
  • Maintenance Expense: 1571.00
  • Net Operating Income: 9450.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Range: 3
  • Operating Expense: 17550.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4249.00
  • Tax Block: 10
  • Tax Lot: 20
  • Tax Tract Number: 6792
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2012
Closed on
Mar 20, 2012
Sold by
Federal National Mortgage Association
Bought by
Walter David
Seller's Agent
Richard Smith
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Thomas Fragale
Real Estate EBroker Inc.
List Price
$339,900
Sold Price
$323,500
Premium/Discount to List
-$16,400
-4.82%
Total Days on Market
42
Current Estimated Value
$880,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$557,167
Avg. Annual Appreciation
7.80%
Original Mortgage
$242,625
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 6, 2012
Closed on
Feb 22, 2012
Sold by
Fragale Walter Terrise Ann
Bought by
Walter David
Seller's Agent
Richard Smith
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Thomas Fragale
Real Estate EBroker Inc.
List Price
$339,900
Sold Price
$323,500
Premium/Discount to List
-$16,400
-4.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,625
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2011
Sold by
Adame Atanacio
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 31, 2006
Sold by
Adame Margarita
Bought by
Adame Atanacio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,000
Interest Rate
7.75%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 7, 2003
Sold by
Andrews Raymond and Andrews Bettie
Bought by
Adame Atanacio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,600
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 2003
Sold by
Adame Margarita
Bought by
Adame Atanacio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,600
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
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
Walter David $323,500 Servicelink
Walter David -- Servicelink
Federal National Mortgage Association $342,102 None Available
Adame Atanacio -- Investors Title Company
Adame Atanacio $257,000 Chicago Title Co
Adame Atanacio -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walter David $47,000
Open Walter David $292,000
Closed Walter David $242,625
Previous Owner Adame Atanacio $371,000
Previous Owner Adame Atanacio $259,000
Previous Owner Adame Atanacio $205,600
Previous Owner Andrews Raymond $110,000
Previous Owner Andrews Raymond $10,000
Closed Adame Atanacio $38,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2012 03/30/12 Sold $323,500 -4.8% $161 / Sq Ft
02/17/2012 02/17/12 Pending -- -- --
01/06/2012 01/06/12 For Sale $339,900 -- $169 / 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 $5,620 $398,357 $246,281 $152,076
2023 $5,533 $390,547 $241,452 $149,095
2022 $5,219 $382,890 $236,718 $146,172
2021 $5,117 $375,383 $232,077 $143,306
2019 $5,042 $364,251 $225,195 $139,056
2018 $4,831 $357,110 $220,780 $136,330
2016 $4,440 $343,244 $212,207 $131,037
2015 $4,266 $338,089 $209,020 $129,069
2014 $4,247 $331,467 $204,926 $126,541
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S12002716

California Regional Multiple Listing Service (CRMLS)

APN: 7304-008-022