NOT LISTED FOR SALE

Estimated Value: $751,000 - $1,030,000

6 Beds
2 Baths
1,785 Sq Ft
$517/Sq Ft Est. Value

Last Sold March 12, 2018

Last sale price $669,000 $375 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $5,651/month

22 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Front Yard
  • Long Beach Polytechnic High School Rated A
  • Block Wall Fence
  • 1-minute walk to NAACP Freedom Park

About This Home

As of March 2018

*** BACK ON THE MARKET ******
Excellent investment for two on-a-lot property.****SUPPER CLEAN.****
Both unit are completely remodeled few years ago before rent it out.
Newer windows, laminate wood floors through out,granite counter top in kitchens, bathrooms, kitchen cabinets, electrical system, stoves, dishwashers.....
Each unit has 3 bedrooms and 1.5 baths. ( 2 car garage front) back yard with fruits trees. Potential add on in the future with a large lot size in the area. Fully occupied by tenants. BUT THE PROPERTY IN EXCELLENT CONDITION.

Last Agent to Sell the Property

Chris Tran

Citi Realty License #01030371 Listed on: 12/19/2017

Last Buyer's Agent

Angel Delarocha

Corcoran Global Living License #01455021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,547 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • 1,785 Sq Ft Home
  • Duplex
  • Composition Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 10403
  • Assessor Parcel Number 7211011004

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $890
  • Trash Expense $480
  • Water Sewer Expense $1,080
  • New Taxes Expense $4,012
  • Operating Expense $6,463
  • Gross Income $34,560
  • Net Operating Income $34,560

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Signal Hill (SH)
  • Water Sewer Expenses: 1080.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7211011004
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 374.79

Exterior Features

  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6547.00

Multi Family

  • Gross Income: 34560.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 890.00
  • Net Operating Income: 34560.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 1440.00
  • Rent Control: No
  • Total Actual Rent: 3000.00
  • Total Expenses: 6463.00

Tax Info

  • New Taxes Expense: 4012.00
  • Tax Census Tract: 5732.01
  • Tax Lot: 4
  • Tax Tract Number: 10403

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 21, 2020
Sold by
Silva Antonio and Chhay Lekana
Bought by
Silva Antonio and Chhay Lekana
Current Estimated Value
$922,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,951
Outstanding Balance
$560,921
Interest Rate
3.12%
Mortgage Type
FHA
Estimated Equity
$361,414

Purchase Details

Listed on
Dec 19, 2017
Closed on
Feb 23, 2018
Sold by
Faircrest Real Estate Llc
Bought by
Silvas Antonio and Chhay Lekana
Seller's Agent
Chris Tran
Citi Realty
Buyer's Agent
Angel Delarocha
Corcoran Global Living
List Price
$680,000
Sold Price
$669,000
Premium/Discount to List
-$11,000
-1.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.20%
Original Mortgage
$645,690
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 31, 2012
Sold by
Pham Joann and Pham Bac
Bought by
Faircrest Real Estate Llc

Purchase Details

Closed on
Aug 9, 2010
Sold by
Us Bank National Association
Bought by
Pham Joann and Pham Bac

Purchase Details

Closed on
Mar 11, 2010
Sold by
Sai Darwan and Sophonlath Vilay
Bought by
Us Bank National Association

Purchase Details

Closed on
Mar 10, 1994
Sold by
Investment Property Specialists Inc
Bought by
Darwan Sophonlath Vilay and Darwan Sai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,800
Interest Rate
7.38%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Silva Antonio -- Wfg National Title Co Of Ca
Silvas Antonio $669,000 Wfg National Title Company O
Faircrest Real Estate Llc -- Accommodation
Pham Joann $295,000 Stewart Title
Us Bank National Association $285,000 None Available
Darwan Sophonlath Vilay $152,000 Pacific Title Guaranty Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silva Antonio $640,951
Closed Silvas Antonio $645,690
Previous Owner Darwan Sophonlath Vilay $136,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2018 03/12/18 Sold $669,000 -1.6% $375 / Sq Ft
01/10/2018 01/10/18 Pending -- -- --
12/19/2017 12/19/17 For Sale $680,000 -- $381 / 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 $9,814 $761,203 $341,347 $419,856
2024 $9,814 $746,278 $334,654 $411,624
2023 $9,652 $731,646 $328,093 $403,553
2022 $9,065 $717,301 $321,660 $395,641
2021 $8,887 $703,237 $315,353 $387,884
2020 $8,865 $696,027 $312,120 $383,907
2019 $8,762 $682,380 $306,000 $376,380
2018 $4,365 $332,160 $168,895 $163,265
2016 $4,013 $319,264 $162,338 $156,926
2015 $3,855 $314,469 $159,900 $154,569
2014 $3,837 $308,310 $156,768 $151,542
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17277411

California Regional Multiple Listing Service (CRMLS)

APN: 7211-011-004