NOT LISTED FOR SALE

Estimated Value: $910,000 - $1,023,000

3 Beds
2 Baths
2,064 Sq Ft
$469/Sq Ft Est. Value

Last Sold November 01, 2013

Last sale price $409,000 $198 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $5,673/month

20 Days on Market

Highlights

  • Traditional Architecture
  • Living Room
  • Forced Air Heating System
  • Wood Flooring
  • Laundry Room
  • Wrought Iron Fence

About This Home

As of November 2013

Investors Dream! Come see this great investment property. Live in the front and rent out the back. Located in the Wilmore Historical District of Long Beach. This home has so much charm. The front unit has 2 bedrooms and 1.5 bathrooms. The large kitchen offers a dining area, granite countertops and new cabinetry. The spacious living room flows into the formal dining room. The unit has charming character with beautiful hardwood floors. With inside laundry, recess lighting and ceiling fans the home is move in ready. The bathrooms have been upgraded with custom tile, new fixtures and vanities. The back unit offers 1 bedroom and 1 bathroom and has new dark laminate wood flooring and lush carpet. The kitchen is brand new with granite countertops and new cabinetry. Don't miss out on this great investment property with great potential returns in a great neighborhood (*Buyer to verify permits on front house half bath).

Last Agent to Sell the Property

Polly Watts

Shelter Club Realty, Inc. License #00895696 Listed on: 09/13/2013

Last Buyer's Agent

Jennifer Pok

Trends RE Inc. License #01225403

Trends RE Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,744

Year Built

  • Built in 1935

Lot Details

  • 5,998 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Block Wall Fence
  • Front Yard Sprinklers

Parking

  • 1 Car Garage

Home Design

  • Traditional Architecture
  • Bungalow
  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,064 Sq Ft Home
  • Living Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Assessor Parcel Number 7272005023

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $2,100
  • Net Operating Income $25,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,744

Year Built

Built in 1935

Lot Details

0

Parking

1

Listing Details

  • Other Phone Number: 866-640-3040
  • Property Attached: No
  • View: No
  • Architectural Style: Bungalow, Traditional
  • Property Type: Residential Income
  • Parcel Number: 7272005023
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Price Per Square Foot: 198.16
  • Room Type: Living Room

Exterior Features

  • Fencing: Block, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Brick, Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air, Wall Furnace
  • Laundry Features: In Kitchen
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Sprinklers In Front
  • Lot Size Sq Ft: 5998.00
  • Lot Size Acres: 0.1380

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2100.00
  • Gross Scheduled Income: 25200.00
  • Lot Size Area: 5998.0000 Square Feet
  • Net Operating Income: 25200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 15
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2013
Closed on
Oct 25, 2013
Sold by
Wedgewood Reo I Llc
Bought by
Caceres Oscar and Caceres Sukrudee
Seller's Agent
Polly Watts
Shelter Club Realty, Inc.
Buyer's Agent
Jennifer Pok
Trends RE Inc.
List Price
$399,900
Sold Price
$409,000
Premium/Discount to List
$9,100
2.28%
Current Estimated Value
$967,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$558,762
Avg. Annual Appreciation
7.51%
Original Mortgage
$401,591
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 12, 2013
Sold by
Martingale Investments Llc
Bought by
Wedgewood Reo I Llc

Purchase Details

Closed on
Nov 26, 2012
Sold by
Razo Melchor
Bought by
Martingale Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
3.35%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 13, 2011
Sold by
Razo Melchor
Bought by
Bank Of America National Association

Purchase Details

Closed on
Dec 30, 2010
Sold by
Razo Melchor
Bought by
Angeles Guzman Alejandro and Angeles Leon Samuel De Los

Purchase Details

Closed on
Aug 3, 2010
Sold by
Razo Melchor
Bought by
Razo Melchor and Ramirez Maria

Purchase Details

Closed on
Feb 17, 2010
Sold by
Zepeda David and The Kenneth & Fran Gilbert & D
Bought by
Zepeda David and The Robert & Janis Mann & Fran

Purchase Details

Closed on
Feb 6, 2010
Sold by
Razo Melchor
Bought by
Zepeda David and The Kenneth & Fran Gilbert Dav

Purchase Details

Closed on
May 5, 2006
Sold by
Razo Marla
Bought by
Razo Melchor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
6.41%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 9, 2006
Sold by
Martinez Michelle and Martinez Martha
Bought by
Razo Melchor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
6.41%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 1, 2005
Sold by
Martinez Martha and Martinez Michelle
Bought by
Martinez Martha and Martinez Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,000
Interest Rate
5.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2001
Sold by
Martinez Martha and Martinez Michelle
Bought by
Martinez Martha and Martinez Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,467
Interest Rate
7.09%
Mortgage Type
FHA

Purchase Details

Closed on
May 30, 2000
Sold by
Case John H and Case Georgia B
Bought by
Martinez Martha and Martinez Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,373
Interest Rate
8.18%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Caceres Oscar $409,000 Fidelity National Title Co
Wedgewood Reo I Llc -- Accommodation
Martingale Investments Llc $275,500 Fidelity National Title Co
Bank Of America National Association $250,000 Accommodation
Angeles Guzman Alejandro -- None Available
Razo Melchor -- None Available
Zepeda David -- None Available
Zepeda David -- None Available
Razo Melchor -- Alliance Title Company
Razo Melchor $570,000 Alliance Title Company
Martinez Martha -- Fidelity National Title
Martinez Martha -- Fidelity National Title
Martinez Martha -- Lawyers Title
Martinez Martha $169,500 Fidelity National Title
Case John H -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caceres Oscar $382,800
Closed Caceres Oscar $401,591
Previous Owner Martingale Investments Llc $0
Previous Owner Razo Melchor $85,500
Previous Owner Razo Melchor $456,000
Previous Owner Martinez Martha $287,000
Previous Owner Martinez Martha $242,000
Previous Owner Martinez Martha $180,467
Previous Owner Martinez Martha $168,373
Closed Martinez Martha $2,672
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2013 11/01/13 Sold $409,000 +2.3% $198 / Sq Ft
10/03/2013 10/03/13 Pending -- -- --
09/13/2013 09/13/13 For Sale $399,900 -- $194 / 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 $6,744 $510,018 $355,494 $154,524
2024 $6,744 $500,019 $348,524 $151,495
2023 $6,631 $490,216 $341,691 $148,525
2022 $6,233 $480,605 $334,992 $145,613
2021 $6,104 $471,182 $328,424 $142,758
2020 $6,088 $466,352 $325,057 $141,295
2019 $6,018 $457,209 $318,684 $138,525
2018 $5,780 $448,245 $312,436 $135,809
2017 $5,720 $439,457 $306,310 $133,147
2016 $5,312 $430,841 $300,304 $130,537
2015 $5,101 $417,171 $295,794 $121,377
2014 $4,991 $409,000 $290,000 $119,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13186440

California Regional Multiple Listing Service (CRMLS)

APN: 7272-005-023