NOT LISTED FOR SALE

Estimated Value: $721,000 - $798,000

4 Beds
2 Baths
1,583 Sq Ft
$477/Sq Ft Est. Value

Last Sold October 31, 2019

Last sale price $530,000 $335 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $4,577/month

40 Days on Market

About This Home

As of October 2019

GREAT INVESTMENT OPPORTUNITY!!! DONT LET THIS ONE PASS YOU BY.
TWO UNITS ON A LOT, CONVENIENTLY LOCATED NEAR SHOPPING CENTERS, FREEWAYS AND MAYOR PUBLIC TRANSPORTATION IN LONG BEACH.
EACH UNIT FEATURES 2 BEDROOMS, 1 BATH AND LOTS OF POTENTIAL. TENANTS ARE MONTH TO MONTH.
DRIVE BY TODAY AND GET YOUR OFFER IN!

Last Agent to Sell the Property

Cristina Corea

Stonewood Realty Group Inc. License #01871833 Listed on: 08/12/2019

Last Buyer's Agent

Erick Gonzalez

Excellence RE Real Estate License #01225686

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,519

Year Built

  • Built in 1944

Lot Details

  • 4,500 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 1,583 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 24 / 5
  • Tax Tract Number 5224
  • Assessor Parcel Number 7317009015

Community Details

Overview

  • 2 Units
  • Carson Park/Long Beach Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $840
  • Trash Expense $50
  • Water Sewer Expense $50
  • Operating Expense $2,040
  • Gross Income $17,400
  • Net Operating Income $16,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,519

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Carson Park/Long Beach (CLB)
  • Water Sewer Expenses: 50.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7317009015
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 334.81

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 50.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4500.00
  • Lot Size Acres: 0.1033

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 17400.00
  • Gross Scheduled Income: 17400.00
  • Insurance Expense: 840.00
  • Lot Size Area: 4500.0000 Square Feet
  • Net Operating Income: 16200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1200.00
  • Rent Control: No
  • Total Expenses: 2040.00

Tax Info

  • Tax Block: 5
  • Tax Census Tract: 5723.01
  • Tax Lot: 24
  • Tax Tract Number: 5224

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2019
Closed on
Sep 25, 2019
Sold by
Guzman Alirio A and Guzman Alma Mirna
Bought by
Sanchez Roxana Guadalupe and Veliz Priscilla
Seller's Agent
Cristina Corea
Stonewood Realty Group Inc.
Buyer's Agent
Erick Gonzalez
Excellence RE Real Estate
List Price
$530,000
Sold Price
$530,000
Current Estimated Value
$754,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,708
Avg. Annual Appreciation
6.08%
Original Mortgage
$512,311
Outstanding Balance
$449,906
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$304,802

Purchase Details

Closed on
Jun 17, 2002
Sold by
Maguire Glen A
Bought by
Guzman Alirio A and Guzman Alma Mirna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,632
Interest Rate
6.86%
Mortgage Type
FHA

Purchase Details

Closed on
May 5, 2000
Sold by
Maguire Glen A
Bought by
Maguire Glen A and Glen A Maguire Revocable Living Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Sanchez Roxana Guadalupe $530,000 Title365
Guzman Alirio A $170,000 Fidelity National Title Co
Maguire Glen A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Roxana Guadalupe $512,311
Previous Owner Guzman Alirio A $167,632
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2019 10/31/19 Sold $530,000 0.0% $335 / Sq Ft
09/21/2019 09/21/19 Pending -- -- --
08/12/2019 08/12/19 For Sale $530,000 -- $335 / 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 $7,519 $579,627 $437,456 $142,171
2024 $7,519 $568,263 $428,879 $139,384
2023 $7,398 $557,121 $420,470 $136,651
2022 $6,953 $546,198 $412,226 $133,972
2021 $6,818 $535,490 $404,144 $131,346
2019 $3,070 $225,116 $105,937 $119,179
2018 $2,934 $220,703 $103,860 $116,843
2016 $2,688 $212,134 $99,828 $112,306
2015 $2,575 $208,949 $98,329 $110,620
2014 $2,559 $204,857 $96,403 $108,454
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS19192654

California Regional Multiple Listing Service (CRMLS)

APN: 7317-009-015