NOT LISTED FOR SALE

Estimated Value: $1,368,000 - $2,199,069

14 Beds
8 Baths
4,978 Sq Ft
$372/Sq Ft Est. Value

Last Sold December 10, 2018

Last sale price $1,400,000 $281 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $11,371/month

22 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Landscaped
  • Cul-De-Sac

About This Home

As of December 2018

Super Large 4 Unit in North East Long beach. Located on a Quiet Cul-De-Sac Street. Property consists of (2) Two Story Duplexes with a Driveway down the middle and (3) Two Car Garages at the back. All units are Townhouse Style and Have inside Laundry. Little to no deferred maintenance with upside in the rents.

Last Agent to Sell the Property

Kirby Larson

Estate Properties License #00593173 Listed on: 09/26/2018

Estate Properties

Last Buyer's Agent

Susie Williamson

Vista Sotheby’s International Realty License #01772903

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 9,989 Sq Ft Lot
  • Lot Dimensions are 74 x 135
  • 1 Common Wall
  • Cul-De-Sac
  • Landscaped
  • Lawn
  • Density is 6-10 Units/Acre

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,978 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Listing and Financial Details

  • Tax Lot 149
  • Tax Tract Number 6083
  • Assessor Parcel Number 7119016030

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $3,100
  • Maintenance Expense $686,034
  • Pest Control $250
  • Supplies Expense $350
  • Trash Expense $2,000
  • Water Sewer Expense $1,632
  • New Taxes Expense $16,800
  • Operating Expense $28,800
  • Gross Income $96,000
  • Net Operating Income $67,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Supplies Expense: 350.00
  • Water Sewer Expenses: 1632.00
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7119016030
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 281.24

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Washer Hookup
  • Pest Control Expense: 250.00
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Cul-De-Sac, Landscaped, Lawn
  • Lot Size: 74 X 135
  • Lot Size Sq Ft: 9989.00
  • Lot Size Acres: 0.2293

Multi Family

  • Gross Income: 96000.00
  • Gross Scheduled Income: 96000.00
  • Insurance Expense: 3100.00
  • Lot Size Area: 9989.0000 Square Feet
  • Maintenance Expense: 686034.00
  • Net Operating Income: 67200.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 28800.00
  • Rent Control: No
  • Total Expenses: 28800.00

Tax Info

  • New Taxes Expense: 16800.00
  • Tax Lot: 149
  • Tax Tract Number: 6083

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2018
Closed on
Dec 10, 2018
Sold by
Larson Kirby D and Larson Sarah Susan
Bought by
Stennis Kevin
Seller's Agent
Kirby Larson
Estate Properties
Buyer's Agent
Susie Williamson
Vista Sotheby’s International Realty
List Price
$1,395,000
Sold Price
$1,400,000
Premium/Discount to List
$5,000
0.36%
Current Estimated Value
$1,851,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$451,517
Avg. Annual Appreciation
4.05%
Original Mortgage
$698,400
Outstanding Balance
$614,102
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$1,237,415

Purchase Details

Listed on
Sep 26, 2018
Closed on
Dec 8, 2018
Sold by
Stennis Kevin
Bought by
Stennis Kevin and Hatter Helaine
Seller's Agent
Kirby Larson
Estate Properties
Buyer's Agent
Susie Williamson
Vista Sotheby’s International Realty
List Price
$1,395,000
Sold Price
$1,400,000
Premium/Discount to List
$5,000
0.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$698,400
Outstanding Balance
$614,102
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$1,237,415

Purchase Details

Closed on
Jul 23, 2018
Sold by
Scafati Allen J and Scafati Lynn M
Bought by
Larson Kirby D and Larson Sarah Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 2013
Sold by
Orner Patricia L
Bought by
Orner Patricia Leona and Patricia Leona Orner Living Tr

Purchase Details

Closed on
Sep 4, 2010
Sold by
Orner Joel R
Bought by
Orner Joel R and The Joel R Orner Jr Living Tru

Purchase Details

Closed on
Sep 2, 2010
Sold by
Scafati Allen J and Scafati Lynn M
Bought by
Scafati Allen J and Scafati Lynn M

Purchase Details

Closed on
Sep 20, 2001
Sold by
Scafati Allen J and Scafati Lynn M
Bought by
Scafati Allen J and Scafati Lynn M
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
Stennis Kevin $1,395,000 Fidelity National Title Com
Stennis Kevin -- Accommodation
Stennis Kevin -- Fidelity National Title Comp
Larson Kirby D $1,100,000 Progressive Title Company
Orner Joel Richard -- Progressive Title
Orner Patricia Leona -- None Available
Orner Joel R -- None Available
Scafati Allen J -- None Available
Scafati Allen J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stennis Kevin $698,400
Previous Owner Larson Kirby D $825,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2018 12/10/18 Sold $1,400,000 +0.4% $281 / Sq Ft
10/18/2018 10/18/18 Pending -- -- --
09/26/2018 09/26/18 For Sale $1,395,000 -- $280 / 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 $20,040 $1,556,144 $557,756 $998,388
2024 $20,040 $1,525,632 $546,820 $978,812
2023 $19,708 $1,495,719 $536,099 $959,620
2022 $18,507 $1,466,392 $525,588 $940,804
2021 $18,134 $1,437,640 $515,283 $922,357
2020 $18,087 $1,422,900 $510,000 $912,900
2019 $17,877 $1,395,000 $500,000 $895,000
2018 $5,612 $398,201 $131,759 $266,442
2016 $5,142 $382,741 $126,644 $256,097
2015 $4,950 $376,993 $124,742 $252,251
2014 $4,938 $369,609 $122,299 $247,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV18234737

California Regional Multiple Listing Service (CRMLS)

APN: 7119-016-030