NOT LISTED FOR SALE

2364 Lemon Ave Signal Hill, CA 90755

Estimated Value: $595,000 - $682,000

2 Beds
3 Baths
973 Sq Ft
$661/Sq Ft Est. Value

Last Sold September 10, 2014

Last sale price $390,000 $401 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $3,907/month

21 Days on Market

Highlights

  • Spanish Architecture
  • No HOA
  • Paved or Partially Paved Lot
  • Long Beach Polytechnic High School Rated A
  • Cooling System Mounted To A Wall/Window
  • 4-minute walk to Calbrisas Park

About This Home

As of September 2014

Vintage Signal Hill Spanish style home, built in 1926 on a large 6500 Sq Ft lot. Located on a short block, with similar vintage homes. Homes needs some TLC, and will shine again with some love and attention. The living room offers beautiful coved and framed ceilings, and a cozy front porch,
Large light filled living room/dining room combination, charming bathroom with tiled floors, arched bath enclosure and interesting ceiling details. 2 good size bedrooms, one with a large walk-in closet, both have window A/C. Good size laundry room. Long driveway will park 3 cars or more.
There are 2 additional structures in the backyard helping to pay the mortgage.
Close to shopping, Costco and home Depot are near by, as well as many other stores. a short drive to the beach, and easy FWY access.

Last Agent to Sell the Property

Carmela Etgar

First Team Real Estate License #01276497 Listed on: 08/06/2014

Last Buyer's Agent

Reza Khalvati

Realty One Group West License #01832067

Realty One Group West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,419

Year Built

  • Built in 1926

Lot Details

  • 6,501 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot

Parking

  • 3 Parking Spaces

Home Design

  • 973 Sq Ft Home
  • Spanish Architecture

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 21
  • Assessor Parcel Number 7211020009

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1
  • Insurance Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • New Taxes Expense $5,200
  • Gross Income $1
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,419

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1.00
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 7211020009
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 400.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 3.00

Utilities

  • Sewer: Sewer Paid
  • Trash Expense: 1.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1490

Multi Family

  • Electric Expense: 1.00
  • Gross Income: 1.00
  • Gross Scheduled Income: 1.00
  • Insurance Expense: 1.00
  • Lot Size Area: 6501.0000 Square Feet
  • Net Operating Income: 1.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 1.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5200.00
  • Taxes Percent: 1.20
  • Tax Lot: 21
  • Tax Tract Number: 21
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2014
Closed on
Jul 22, 2014
Sold by
Pheng Kevin D
Bought by
Namjou Sean
Seller's Agent
Carmela Etgar
First Team Real Estate
Buyer's Agent
Reza Khalvati
Realty One Group West
List Price
$429,000
Sold Price
$390,000
Premium/Discount to List
-$39,000
-9.09%
Current Estimated Value
$642,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,983
Avg. Annual Appreciation
4.59%
Original Mortgage
$280,000
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2002
Sold by
Pheng Sophie S
Bought by
Pheng Kevin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,716
Interest Rate
6.43%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 21, 1999
Sold by
Lawson Doris and Estate Of Thelma Orrell
Bought by
Pheng Kevin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,242
Interest Rate
7.77%
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
Namjou Sean $390,000 Western Resources Title Co
Pheng Kevin D -- Fidelity National Title
Pheng Kevin D $132,000 First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Namjou Sean $280,000
Previous Owner Pheng Kevin D $116,716
Previous Owner Pheng Kevin D $121,242
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/10/2014 09/10/14 Sold $390,000 0.0% $401 / Sq Ft
09/10/2014 09/10/14 Sold $390,000 -9.1% $401 / Sq Ft View Prior Sale
08/03/2014 08/03/14 Pending -- -- --
07/24/2014 07/24/14 Pending -- -- --
07/13/2014 07/13/14 For Sale $429,000 0.0% $441 / Sq Ft
07/13/2014 07/13/14 For Sale $429,000 -- $441 / 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 $6,419 $468,711 $374,973 $93,738
2024 $6,419 $459,521 $367,621 $91,900
2023 $6,315 $450,512 $360,413 $90,099
2022 $5,945 $441,680 $353,347 $88,333
2021 $5,833 $433,020 $346,419 $86,601
2019 $5,754 $420,179 $336,145 $84,034
2018 $5,506 $411,941 $329,554 $82,387
2016 $5,089 $395,947 $316,758 $79,189
2015 $4,898 $390,000 $312,000 $78,000
2014 $3,005 $218,421 $166,496 $51,925
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14149995

California Regional Multiple Listing Service (CRMLS)

APN: 7211-020-009