NOT LISTED FOR SALE

2322 Lime Ave Long Beach, CA 90806

Sunrise Neighborhood

Estimated Value: $1,232,000 - $1,385,000

11 Beds
4 Baths
3,838 Sq Ft
$348/Sq Ft Est. Value

Last Sold June 22, 2017

Last sale price $830,000 $216 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $8,026/month

7 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 3-minute walk to NAACP Freedom Park
  • Long Beach Polytechnic High School Rated A
  • Wall Furnace

About This Home

As of June 2017

Investment opportunity. 4 units in Long Beach. Consists of (3) 3 bedrooms one room no closets(1) 2 bedroom & den on large lot with lots parking. Each unit has own electric and gas meter. Washer dryer hookups in some units. Rents are below market. Located near Freeways, Shopping, and much more. Newer water heaters in each unit. Buyers and agents to verify all information and accuracy. Please do not disturb tenants. Property will be shown with acceptable offer. Pictures some were prior to occupancy

Last Agent to Sell the Property

Melinda Swiecicki

Real Brokerage Technologies, Inc. License #00933009 Listed on: 06/05/2017

Last Buyer's Agent

Melinda Swiecicki

Real Brokerage Technologies, Inc. License #00933009 Listed on: 06/05/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,564 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 3,838 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 17
  • Tax Tract Number 3395
  • Assessor Parcel Number 7211009019

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,642
  • Pest Control $600
  • Water Sewer Expense $1,650
  • New Taxes Expense $9,875
  • Operating Expense $15,213
  • Gross Income $59,400
  • Net Operating Income $44,107

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • CapRate: 5.67
  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 1650.00
  • Zoning: LBR1N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7211009019
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 216.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6564.00

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 59400.00
  • Gross Multiplier: 13.30
  • Gross Operating Income: 59400.00
  • Gross Scheduled Income: 59400.00
  • Insurance Expense: 2642.00
  • Net Operating Income: 44107.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 15213.00
  • Operating Expense Percent: 24.60
  • Rent Control: No
  • Total Expenses: 15213.00

Tax Info

  • New Taxes Expense: 9875.00
  • Tax Census Tract: 5732.01
  • Tax Lot: 17
  • Tax Tract Number: 3395

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2017
Closed on
Jun 14, 2017
Sold by
Braat Bernardus
Bought by
Taing Rammy
Seller's Agent
Melinda Swiecicki
Real Brokerage Technologies, Inc.
Buyer's Agent
Melinda Swiecicki
My Valley Homes Inc.
List Price
$790,000
Sold Price
$830,000
Premium/Discount to List
$40,000
5.06%
Current Estimated Value
$1,334,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$504,465
Avg. Annual Appreciation
5.71%

Purchase Details

Closed on
Jan 5, 2004
Sold by
Phang Loth
Bought by
Braat Bernardus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,500
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 9, 2002
Sold by
Noy Yen
Bought by
Phang Loth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.94%

Purchase Details

Closed on
Mar 27, 2002
Sold by
Yuok Seng
Bought by
Phang Loth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.94%

Purchase Details

Closed on
Aug 23, 1993
Sold by
Home Svgs Of America Fsb
Bought by
Yuok Seng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
6.97%
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
Taing Rammy $830,000 Fatco
Braat Bernardus $590,000 Commonwealth Land Title Co
Phang Loth -- Commonwealth Land Title Co
Phang Loth $280,000 Commonwealth Land Title Co
Yuok Seng $182,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Braat Bernardus $442,500
Previous Owner Phang Loth $210,000
Previous Owner Yuok Seng $136,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2017 06/22/17 Sold $830,000 +5.1% $216 / Sq Ft
06/12/2017 06/12/17 Pending -- -- --
06/05/2017 06/05/17 For Sale $790,000 -- $206 / 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 $12,655 $963,280 $348,173 $615,107
2024 $12,655 $944,394 $341,347 $603,047
2023 $12,442 $925,877 $334,654 $591,223
2022 $11,689 $907,724 $328,093 $579,631
2021 $11,445 $889,926 $321,660 $568,266
2019 $11,282 $863,532 $312,120 $551,412
2018 $10,931 $846,600 $306,000 $540,600
2016 $8,832 $708,609 $408,351 $300,258
2015 $8,484 $697,966 $402,218 $295,748
2014 $8,437 $684,295 $394,340 $289,955
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Melinda Swiecicki

    Real Brokerage Technologies, Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17126220

California Regional Multiple Listing Service (CRMLS)

APN: 7211-009-019

California Los Angeles County Long Beach 90806 Sunrise

2322 Lime Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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