NOT LISTED FOR SALE

Estimated Value: $731,000 - $923,000

4 Beds
2 Baths
1,673 Sq Ft
$487/Sq Ft Est. Value

Last Sold June 28, 2021

Last sale price $630,000 $377 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,991/month

178 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • Living Room
  • Long Beach Polytechnic High School Rated A
  • Two Homes on a Lot
  • Laundry Room

About This Home

As of June 2021

Back on the Market! Excellent Fixer Upper Opportunity. Starter home with a rental second unit for additional income, and fixer upper for value add investment property. Large Corner lot with two separate units (2 bedrooms, 1 bath each), detached 2 car garage, and no common walls. Both units need full interior renovation repairs and exterior repairs, as reflected in list price. Great location to nearby metro train station at Willow A Line, nearby medical centers, shopping centers, and the 405 fwy. Will review Serious Buyer Offers Only with Pre-approved Financing (no FHA). Qualify with in-house financing (Summit Lending) available. Buyer to purchase AS-IS with no repairs from Seller.

Last Agent to Sell the Property

Jason Agcaoili

Home Smart Realty Group License #01947185 Listed on: 11/16/2020

Home Smart Realty Group

Last Buyer's Agent

Ponnary Keo

California Financial & RE Ctr License #01185863

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 5,245 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Side Facing Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Craftsman Architecture
  • Entry on the 1st floor
  • Fixer Upper
  • Slab Foundation
  • Stucco

Interior Spaces

  • 1,673 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Family Room
  • Living Room

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Jack-and-Jill Bathroom
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Homes

  • Two Homes on a Lot

Location

  • Urban Location
  • Suburban Location

Utilities

  • Central Heating
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 7 / 1
  • Tax Tract Number 5732
  • Assessor Parcel Number 7208016008

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,200
  • Insurance Expense $800
  • Trash Expense $100
  • Water Sewer Expense $300
  • New Taxes Expense $6,500
  • Operating Expense $8,900
  • Gross Income $40,800
  • Net Operating Income $30,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 300.00
  • Zoning: LBR1N
  • Architectural Style: Craftsman
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7208016008
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Gas
  • Levels: One
  • Price Per Square Foot: 376.57
  • Room Type: All Bedrooms Down, Family Room, Jack & Jill, Living Room, Master Bedroom

Exterior Features

  • Foundation: Slab
  • Other Structures: Two On A Lot
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Side, Off Street
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Suburban, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5245.00
  • Lot Size Acres: 0.1204

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 800 Square Feet
  • Electric Expense: 1200.00
  • Gross Income: 40800.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 800.00
  • Lot Size Area: 5245.0000 Square Feet
  • Net Operating Income: 30600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 10200.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 850.00
  • Total Expenses: 8900.00

Tax Info

  • New Taxes Expense: 6500.00
  • Tax Block: 1
  • Tax Census Tract: 5732.01
  • Tax Lot: 7
  • Tax Tract Number: 5732

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2021
Sold by
Vanputhy and Katherine
Bought by
Van Family Trust
Current Estimated Value
$815,363

Purchase Details

Listed on
Nov 16, 2020
Closed on
May 18, 2021
Sold by
Jones John Paul
Bought by
Van Vanputhy and Van Katherine
Seller's Agent
Jason Agcaoili
Home Smart Realty Group
Buyer's Agent
Ponnary Keo
California Financial & RE Ctr
List Price
$690,000
Sold Price
$630,000
Premium/Discount to List
-$60,000
-8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.86%

Purchase Details

Closed on
Jul 29, 2020
Sold by
Jones John Paul and Jones John P
Bought by
Jones John Paul and John Paul Jones Revocable Trus

Purchase Details

Closed on
Nov 16, 2018
Sold by
Jones John P
Bought by
Jones John P

Purchase Details

Closed on
Sep 7, 2005
Sold by
Jones John P
Bought by
Jones John P and Jones Joanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2005
Sold by
Jones Joanne
Bought by
Jones John P and Jones Joanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.63%
Mortgage Type
New Conventional
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
Van Family Trust -- None Listed On Document
Van Vanputhy $630,000 Old Republic Title Company
Jones John Paul -- None Available
Jones John P -- None Available
Jones John P -- Fidelity National Title Co
Jones John P -- Multiple
Jones John P -- Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jones John P $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2021 06/28/21 Sold $630,000 -8.7% $377 / Sq Ft
05/14/2021 05/14/21 Pending -- -- --
04/25/2021 04/25/21 For Sale $690,000 0.0% $412 / Sq Ft
03/25/2021 03/25/21 Pending -- -- --
03/09/2021 03/09/21 For Sale $690,000 +9.5% $412 / Sq Ft
02/08/2021 02/08/21 Off Market $630,000 -- --
02/02/2021 02/02/21 For Sale $690,000 +9.5% $412 / Sq Ft
01/25/2021 01/25/21 Off Market $630,000 -- --
12/17/2020 12/17/20 For Sale $690,000 +9.5% $412 / Sq Ft
11/16/2020 11/16/20 Off Market $630,000 -- --
11/16/2020 11/16/20 For Sale $648,800 -- $388 / 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 $8,783 $681,930 $378,850 $303,080
2024 $8,783 $668,560 $371,422 $297,138
2023 $8,637 $655,452 $364,140 $291,312
2022 $8,110 $642,600 $357,000 $285,600
2021 $911 $46,144 $22,169 $23,975
2020 $907 $45,672 $21,942 $23,730
2019 $897 $44,777 $21,512 $23,265
2018 $789 $43,900 $21,091 $22,809
2016 $718 $42,197 $20,273 $21,924
2015 $696 $41,564 $19,969 $21,595
2014 $705 $40,750 $19,578 $21,172
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20226309

California Regional Multiple Listing Service (CRMLS)

APN: 7208-016-008