NOT LISTED FOR SALE

Estimated Value: $904,000 - $1,093,000

5 Beds
3 Baths
2,051 Sq Ft
$479/Sq Ft Est. Value

Last Sold October 13, 2020

Last sale price $742,000 $362 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $6,010/month

7 Days on Market

Highlights

  • Park
  • Landscaped
  • Back and Front Yard
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of October 2020

Explore this golden opportunity to own a duplex in Long Beach! Two separate houses on one lot. Front is 3 Bd/2 Ba with covered patio, heat and A/C and 1-car garage with parking for two additional cars in front of garage. Rear house is 2 Bd/1 Ba with ceiling fans throughout. Separate entrance from alley for back house. Both units get lots of light and benefit from nice afternoon and evening breezes. Each unit has own gas and electric meters. Move-in ready for your new tenants or live in one and rent the other one! Great neighborhood and easy access to transportation. Fabulous investor opportunity as well.

Last Agent to Sell the Property

John Rudy

Trends RE Inc. License #02047204 Listed on: 08/06/2020

Last Buyer's Agent

Gil Meza

HomeSmart Realty West License #01958965

HomeSmart Realty West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 5,898 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Front Facing Garage

Home Design

  • 2,051 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Additional Features

  • Gas Oven
  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Legal Lot and Block 52 / 6
  • Tax Tract Number 6792
  • Assessor Parcel Number 7303023023

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Park

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $57,600
  • Net Operating Income $47,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Inclusions: Stove in front house.
  • Property Attached: No
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7303023023
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 361.77

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage Faces Front
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven
  • Heating Type: Central
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Landscaped
  • Lot Size Sq Ft: 5898.00
  • Lot Size Acres: 0.1354
  • Latitude Manual: 33.87952000

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 57600.00
  • Gross Scheduled Income: 57600.00
  • Lot Size Area: 5898.0000 Square Feet
  • Net Operating Income: 47100.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Patio: 1
  • Operating Expense: 10500.00
  • Rent Control: No
  • Total Actual Rent: 1300.00

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 5704.04
  • Tax Lot: 52
  • Tax Tract Number: 6792

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2020
Closed on
Oct 8, 2020
Sold by
Ordonez Jose Luis and Ordonez Edna
Bought by
Castillo Mirna and Fregoso Anthony Miguel
Seller's Agent
John Rudy
Trends RE Inc.
Buyer's Agent
Gil Meza
HomeSmart Realty West
List Price
$699,000
Sold Price
$742,000
Premium/Discount to List
$43,000
6.15%
Current Estimated Value
$981,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,533
Avg. Annual Appreciation
5.53%
Original Mortgage
$721,687
Outstanding Balance
$641,902
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$339,631

Purchase Details

Closed on
Mar 27, 2018
Sold by
Ordonez Jose Luis and Ordonez Edna
Bought by
Ordorez Jose Luis and Ordorez Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Castillo Mirna $742,000 Fidelity National Title
Ordorez Jose Luis -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castillo Mirna $721,687
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2020 10/13/20 Sold $742,000 +6.2% $362 / Sq Ft
08/14/2020 08/14/20 Pending -- -- --
08/06/2020 08/06/20 For Sale $699,000 -- $341 / 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 $10,227 $803,161 $346,377 $456,784
2024 $10,227 $787,414 $339,586 $447,828
2023 $10,063 $771,976 $332,928 $439,048
2022 $9,455 $756,840 $326,400 $430,440
2021 $9,357 $742,000 $320,000 $422,000
2020 $2,345 $159,203 $46,951 $112,252
2019 $2,315 $156,082 $46,031 $110,051
2018 $2,155 $153,023 $45,129 $107,894
2016 $1,970 $147,083 $43,378 $103,705
2015 $1,895 $144,875 $42,727 $102,148
2014 $1,890 $142,039 $41,891 $100,148
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20147571

California Regional Multiple Listing Service (CRMLS)

APN: 7303-023-023