NOT LISTED FOR SALE
-- Bed
-- Bath
11,882 Sq Ft
1965 Built

Sale Details

Date Sold: March 22, 2012

Last sale price $1,480,000 $125 Per Sq Ft

107 Days on Market

Highlights

  • Traditional Architecture
  • Long Beach Polytechnic High School Rated A
  • No Heating

About This Home

As of March 2012

Beautiful 60's Building with townhouse style units, mostly 2 Br. 12 Garages and 2 parking spaces Walk to shops and transportation

Last Agent to Sell the Property

Susan Doan

Burton S. Young, Broker License #00544426 Listed on: 12/06/2011

Last Buyer's Agent

Susan Doan

Burton S. Young, Broker License #00544426 Listed on: 12/06/2011

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Parking

  • 14 Parking Spaces

Home Design

  • 11,882 Sq Ft Home
  • Traditional Architecture
  • Stucco

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 1

Community Details

Overview

  • 14 Units

Building Details

  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 14 Separate Water Meters
  • Electric Expense $2,199
  • Gardener Expense $1,350
  • Insurance Expense $3,600
  • Other Expense $18,422
  • Pest Control $508
  • Professional Management Expense $8,239
  • Supplies Expense $30
  • Trash Expense $4,314
  • Water Sewer Expense $3,682
  • New Taxes Expense $18,645
  • Gross Income $14,512
  • Net Operating Income $130,608

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Listing Details

  • Assessments: No
  • CapRate: 7.71
  • Professional Management Expense: 8239.00
  • Supplies Expense: 30.00
  • View: No
  • Water Sewer Expenses: 3682.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 1350.00
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 124.56

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 14.00

Utilities

  • Heating: No
  • Laundry: No
  • Pest Control Expense: 508.00
  • Trash Expense: 4314.00

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Electric Expense: 2199.00
  • Gross Income: 14512.00
  • Gross Multiplier: 9.73
  • Gross Scheduled Income: 174144.00
  • Insurance Expense: 3600.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 130608.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 14
  • Number Of Units Total: 14
  • Operating Expense: 43536.00
  • Other Expense: 18422.00
  • Other Expense Description: 9145

Tax Info

  • New Taxes Expense: 18645.00
  • Tax Lot: 25
  • Tax Tract Number: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
0.043%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 21, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
0.0383%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 23, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
0.0629%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 18, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
0.0525%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 31, 2003
Sold by
Bought by
Source: Public Records
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Fidelity National Title
$1,480,000 Chicago Title Company
-- Lawyers Title
$1,205,000 Chicago Title Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $750,000
Previous Owner $1,100,000
Previous Owner $770,000
Previous Owner $750,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/22/2012 03/22/12 Sold $1,480,000 -12.7% $125 / Sq Ft
03/22/2012 03/22/12 Pending -- -- --
12/06/2011 12/06/11 For Sale $1,695,000 -- $143 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $26,777 $1,858,955 $753,629 $1,105,326
2024 $25,554 $1,822,505 $738,852 $1,083,653
2023 $25,108 $1,786,770 $724,365 $1,062,405
2022 $23,617 $1,751,736 $710,162 $1,041,574
2021 $23,077 $1,717,389 $696,238 $1,021,151
2019 $22,747 $1,666,452 $675,588 $990,864
2018 $22,009 $1,633,778 $662,342 $971,436
2016 $20,214 $1,570,338 $636,623 $933,715
2015 $19,433 $1,546,751 $627,061 $919,690
2014 $19,355 $1,516,453 $614,778 $901,675
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S681583

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.