NOT LISTED FOR SALE

240 E Marker St Long Beach, CA 90805

Starr King Neighborhood

Estimated Value: $850,000 - $910,000

5 Beds
3 Baths
2,174 Sq Ft
$404/Sq Ft Est. Value

Last Sold December 21, 2016

Last sale price $545,000 $251 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $5,615/month

7 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Turnkey
  • Private Yard
  • Laundry Room
  • Wall Furnace

About This Home

As of December 2016

Excellent income producing duplex in a highly desirable area of LB. Both units are beautiful, spacious and they reflect pride of ownership. Live in one- rent the other and pay less than your current rent. Homes feature Italian stone, recessed lighting, air conditioning, hard wood flooring, granite countertops, separate washer and dryer room, detached garage and plenty of onsite parking. The patio is perfect for entertaining around the well manicured landscaping. Come see this available property today!

Last Agent to Sell the Property

Rene Cobian

Colonial Real Estate License #01717535 Listed on: 10/26/2016

Last Buyer's Agent

Cristina Corea

Stonewood Realty Group Inc. License #01871833

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,250

Year Built

  • Built in 1962

Lot Details

  • 6,004 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Turnkey

Interior Spaces

  • 2,174 Sq Ft Home
  • Living Room with Fireplace

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 7303
  • Tax Tract Number 13
  • Assessor Parcel Number 7303013010

Community Details

Overview

  • 2 Buildings

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $100
  • Fuel Expense $75
  • Insurance Expense $90
  • Trash Expense $50
  • Water Sewer Expense $50
  • New Taxes Expense $234
  • Operating Expense $599
  • Gross Income $13,200
  • Net Operating Income $12,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,250

Year Built

Built in 1962

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 50.00
  • Zoning: LBR1N
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7303013010
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 250.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 50.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6004.00
  • Lot Size Acres: 0.1378

Multi Family

  • Electric Expense: 100.00
  • Fuel Expense: 75.00
  • Gross Income: 13200.00
  • Gross Scheduled Income: 13200.00
  • Insurance Expense: 90.00
  • Lot Size Area: 6004.0000 Square Feet
  • Net Operating Income: 12200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Operating Expense: 100.00
  • Rent Control: No
  • Total Actual Rent: 1100.00
  • Total Expenses: 599.00

Tax Info

  • New Taxes Expense: 234.00
  • Tax Census Tract: 5704.04
  • Tax Lot: 7303
  • Tax Tract Number: 013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2016
Closed on
Nov 10, 2016
Sold by
Valle Victor A and Valle Geronima
Bought by
Sanchez Aristeo
Seller's Agent
Rene Cobian
Colonial Real Estate
Buyer's Agent
Cristina Corea
Stonewood Realty Group Inc.
List Price
$499,000
Sold Price
$545,000
Premium/Discount to List
$46,000
9.22%
Total Days on Market
7
Current Estimated Value
$877,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,790
Avg. Annual Appreciation
6.02%
Original Mortgage
$535,128
Interest Rate
3.87%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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
Sanchez Aristeo $545,000 Corinthian Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Aristeo $521,000
Closed Sanchez Aristeo $535,128
Previous Owner Valle Victor A $138,000
Previous Owner Valle Victor A $100,890
Previous Owner Valle Victor A $140,000
Previous Owner Valle Victor A $120,000
Previous Owner Valle Victor A $148,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2016 12/21/16 Sold $545,000 +0.9% $251 / Sq Ft
11/10/2016 11/10/16 Price Changed $540,000 -0.9% $248 / Sq Ft
11/02/2016 11/02/16 Off Market $545,000 -- --
10/28/2016 10/28/16 Pending -- -- --
10/21/2016 10/21/16 For Sale $499,000 -- $230 / 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
2024 $8,250 $620,111 $341,347 $278,764
2023 $8,121 $607,953 $334,654 $273,299
2022 $7,638 $596,034 $328,093 $267,941
2021 $7,490 $584,348 $321,660 $262,688
2020 $7,470 $578,357 $318,362 $259,995
2019 $7,382 $567,018 $312,120 $254,898
2018 $7,112 $555,900 $306,000 $249,900
2016 $2,926 $229,174 $133,258 $95,916
2015 $2,811 $225,733 $131,257 $94,476
2014 $2,799 $221,312 $128,686 $92,626
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Rene Cobian

    Colonial Real Estate

    (562) 824-0135

    17 Total Sales

    Rene Cobian
    Section Image
  • Cristina Corea

    Buyer's Agent in 2016

    Cristina Corea

    Stonewood Realty Group Inc.

    (562) 242-2900

    65 Total Sales

    Cristina Corea
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16734574

California Regional Multiple Listing Service (CRMLS)

APN: 7303-013-010

California Los Angeles County Long Beach 90805 Starr King

240 E Marker St, Long Beach, CA

This home is located at 240 E Marker St, Long Beach, CA 90805 since 26 October 2016 and is currently estimated at $877,790, approximately $403 per square foot. This property was built in 1962. 240 E Marker St is a home located in Los Angeles County with nearby schools including Starr King Elementary School, Hamilton Middle School, and Jordan High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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