NOT LISTED FOR SALE

243 W 67th Way Long Beach, CA 90805

College Square Neighborhood

Estimated Value: $1,328,000 - $1,456,000

11 Beds
8 Baths
4,680 Sq Ft
$302/Sq Ft Est. Value

Last Sold November 07, 2016

Last sale price $800,000 $171 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $8,426/month

15 Days on Market

About This Home

As of November 2016

Attention all buyers, investors, and agents: This is a very beautiful building with 4 town home style LARGE units that have been well taken care of. The building is professionally managed and has long term tenants in place.

Last Agent to Sell the Property

Pat Cassara

Keller Williams Coastal Prop. License #00776543 Listed on: 09/30/2016

Keller Williams Coastal Prop.

Last Buyer's Agent

Quyen Tonnu

Superior Real Estate Group License #01865598

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 6,624 Sq Ft Lot
  • No Common Walls
  • Front Yard

Home Design

  • Quadruplex

Interior Spaces

  • 4,680 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • Parking Available
  • Assigned Parking

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for all utilities, electricity
  • Tax Lot 33
  • Tax Tract Number 6442
  • Assessor Parcel Number 7304019006

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $1,200
  • Insurance Expense $2,400
  • Pest Control $636
  • Professional Management Expense $4,271
  • Trash Expense $500
  • Water Sewer Expense $1,000
  • New Taxes Expense $9,588
  • Gross Income $68,460
  • Net Operating Income $47,922

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Professional Management Expense: 4271.00
  • Property Attached: No
  • Water Sewer Expenses: 1000.00
  • Zoning: LBR1N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7304019006
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 170.94

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Pest Control Expense: 636.00
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Walkstreet
  • Lot Size Sq Ft: 6624.00

Rental Info

  • Tenant Pays: All Utilities, Electricity

Multi Family

  • Gross Income: 68460.00
  • Gross Scheduled Income: 68460.00
  • Insurance Expense: 2400.00
  • Net Operating Income: 47922.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 20538.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Total Actual Rent: 5705.00

Tax Info

  • New Taxes Expense: 9588.00
  • Tax Census Tract: 5704.03
  • Tax Lot: 33
  • Tax Tract Number: 6442

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2023
Sold by
Vu Hai Manh and Vu Donna
Bought by
Hai Vu & Donna Do Family Trust
Current Estimated Value
$1,415,682

Purchase Details

Listed on
Sep 30, 2016
Closed on
Oct 31, 2016
Sold by
Silva Steven M
Bought by
Vu Hai Manh and Do Donna
Seller's Agent
Pat Cassara
Keller Williams Coastal Prop.
Buyer's Agent
Quyen Tonnu
Superior Real Estate Group
List Price
$799,000
Sold Price
$800,000
Premium/Discount to List
$1,000
0.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.43%

Purchase Details

Closed on
Jan 21, 2008
Sold by
Silva Kenneth Ray
Bought by
Silva Kenneth Ray and The Kenneth Silva Trust

Purchase Details

Closed on
Jan 21, 2007
Sold by
Silva Kenneth Ray
Bought by
Silva Kenneth Ray

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$497,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 2006
Sold by
Silva Kenneth R
Bought by
Silva Kenneth Ray and Kenneth Silva Trust

Purchase Details

Closed on
Jul 25, 2005
Sold by
Ramirez Marcos
Bought by
Silva Kenneth R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,350
Interest Rate
5.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2004
Sold by
Garcia Amalia T
Bought by
Ramirez Marcos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$507,500
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 2, 2004
Sold by
Lay Kheng
Bought by
Ramirez Marcos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$507,500
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 14, 1999
Sold by
Lay Kheng
Bought by
Lay Kheng and Ly Nay Ky

Purchase Details

Closed on
Jan 22, 1999
Sold by
First Federal Bank Of California
Bought by
Lay Kheng and Ly Nay Ky

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
3.35%

Purchase Details

Closed on
Aug 10, 1998
Sold by
Lau Carl L
Bought by
First Federal Bank Of California

Purchase Details

Closed on
Dec 27, 1993
Sold by
Lau Carl L
Bought by
Lau Carl L and Lau Tracy L
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
Hai Vu & Donna Do Family Trust -- None Listed On Document
Vu Hai Manh $800,000 Lawyers Title
Silva Kenneth Ray -- Southland Title Corporation
Silva Kenneth Ray -- Southland Title Corporation
Silva Kenneth Ray -- None Available
Silva Kenneth R $885,000 Ticor Title Co
Ramirez Marcos -- Commerce Title Company
Ramirez Marcos $725,000 Commerce Title Company
Lay Kheng -- --
Lay Kheng $235,000 North American Title Co
First Federal Bank Of California $250,000 American Title
Lau Carl L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Silva Kenneth Ray $497,000
Previous Owner Silva Kenneth R $451,350
Previous Owner Ramirez Marcos $507,500
Previous Owner Lay Kheng $176,250
Closed Ramirez Marcos $145,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2016 11/07/16 Sold $800,000 +0.1% $171 / Sq Ft
10/15/2016 10/15/16 Pending -- -- --
09/30/2016 09/30/16 For Sale $799,000 -- $171 / 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 $12,286 $928,465 $290,145 $638,320
2024 $12,286 $910,260 $284,456 $625,804
2023 $12,094 $892,413 $278,879 $613,534
2022 $11,381 $874,915 $273,411 $601,504
2021 $11,152 $857,760 $268,050 $589,710
2019 $10,989 $832,320 $260,100 $572,220
2018 $10,623 $816,000 $255,000 $561,000
2016 $9,813 $790,000 $425,000 $365,000
2015 $8,654 $710,000 $385,000 $325,000
2014 $8,132 $655,000 $355,000 $300,000
Source: Public Records

Agents Affiliated with this Home

  • Pat Cassara

    Seller's Agent in 2016

    Pat Cassara

    Keller Williams Coastal Prop.

    (562) 818-2483

    34 Total Sales

    Pat Cassara
    Section Image

  • Q

    Buyer's Agent in 2016

    Quyen Tonnu

    Superior Real Estate Group

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16714894

California Regional Multiple Listing Service (CRMLS)

APN: 7304-019-006

California Los Angeles County Long Beach 90805 College Square

243 W 67th Way, Long Beach, CA

Not Listed for Sale

MultiFamily

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