NOT LISTED FOR SALE

2431 Termino Ave Long Beach, CA 90815

Artcraft Manor Neighborhood

Estimated Value: $965,000 - $1,084,000

4 Beds
2 Baths
1,536 Sq Ft
$668/Sq Ft Est. Value

Last Sold June 24, 2016

Last sale price $610,000 $397 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $6,233/month

11 Days on Market

Highlights

  • No HOA
  • Tile Countertops
  • 2 Car Garage
  • Bixby Elementary School Rated 9+
  • Laundry Room
  • Wood Fence

About This Home

As of June 2016

This duplex is located in a quiet, well maintained neighborhood in East Long Beach. Great rental property close to schools, parks, shopping and restaurants, Each unit has two bedrooms and one bath. There are washer and dryer hook-ups in the detached two car garage that sits to the rear of the property. The rear unit has a nice sized fenced yard.

Last Agent to Sell the Property

Ron Trott

Hallway Realty License #01445842 Listed on: 05/10/2016

Last Buyer's Agent

Ron Trott

Hallway Realty License #01445842 Listed on: 05/10/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,244

Year Built

  • Built in 1944

Lot Details

  • 6,059 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Block Wall Fence
  • Paved or Partially Paved Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Single Garage Door
  • Driveway

Home Design

  • Property Attached
  • Raised Foundation
  • Composition Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,536 Sq Ft Home
  • Window Screens

Kitchen

  • Gas Range
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 58
  • Tax Tract Number 11451
  • Assessor Parcel Number 7218003014

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $507
  • Water Sewer Expense $725
  • New Taxes Expense $2,787
  • Gross Income $2,450
  • Net Operating Income $24,661

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,244

Year Built

Built in 1944

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Artcraft Manor (AM)
  • Water Sewer Expenses: 725.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7218003014
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Tile Counters
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Price Per Square Foot: 397.14
  • Window Features: Screens

Exterior Features

  • Foundation: Raised
  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Asphalt, Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway, Garage, Garage - Single Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range
  • Electric: Electricity - On Property
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 6059.00
  • Price Per Lot Square Foot: 100.68

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2450.00
  • Gross Scheduled Income: 29400.00
  • Insurance Expense: 507.00
  • Net Operating Income: 24661.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 4739.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2787.00
  • Tax Lot: 58
  • Tax Tract Number: 11451

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2020
Sold by
Gross Lee M and Gross Virginia E
Bought by
Gross Lee M and Gross Virginia E
Current Estimated Value
$1,025,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$355,483
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$660,715

Purchase Details

Listed on
May 10, 2016
Closed on
May 26, 2016
Sold by
Kennedy Martin
Bought by
Gross Lee M and Gross Virginia E
Seller's Agent
Ron Trott
Hallway Realty
Buyer's Agent
Ron Trott
Hallway Realty
List Price
$625,000
Sold Price
$610,000
Premium/Discount to List
-$15,000
-2.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.69%
Original Mortgage
$427,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2013
Sold by
Kennedy Patricia J and Kennedy Family Trust
Bought by
Kennedy Patricia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,500
Interest Rate
3.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2012
Sold by
Kennedy Patricia J and Kennedy Family Trust
Bought by
Kennedy Patricia J and Kennedy Family Trust
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
Gross Lee M -- First American Title Company
Gross Lee M $610,000 Chicago Title Company
Kennedy Patricia J -- Ortc
Kennedy Patricia J -- None Available
Kennedy Patricia J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gross Lee M $400,000
Closed Gross Lee M $427,000
Previous Owner Kennedy Patricia J $99,500
Previous Owner Kennedy Robert L $100,800
Previous Owner Kennedy Robert L $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2016 06/24/16 Sold $610,000 -2.4% $397 / Sq Ft
05/21/2016 05/21/16 Pending -- -- --
05/10/2016 05/10/16 For Sale $625,000 -- $407 / 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 $9,244 $722,112 $509,031 $213,081
2024 $9,244 $707,953 $499,050 $208,903
2023 $9,089 $694,072 $489,265 $204,807
2022 $8,532 $680,464 $479,672 $200,792
2021 $8,364 $667,122 $470,267 $196,855
2020 $8,343 $660,282 $465,445 $194,837
2019 $8,245 $647,336 $456,319 $191,017
2018 $8,000 $634,644 $447,372 $187,272
2016 $2,898 $224,000 $119,003 $104,997
2015 $2,787 $220,636 $117,216 $103,420
2014 $2,778 $216,315 $114,920 $101,395
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Ron Trott

    Hallway Realty

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW16099434

California Regional Multiple Listing Service (CRMLS)

APN: 7218-003-014

California Los Angeles County Long Beach 90815 Artcraft Manor

2431 Termino Ave, Long Beach, CA

This home is located at 2431 Termino Ave, Long Beach, CA 90815 since 10 May 2016 and is currently estimated at $1,025,356, approximately $667 per square foot. This property was built in 1944. 2431 Termino Ave is a home located in Los Angeles County with nearby schools including Bixby Elementary School, Stanford Middle School, and Woodrow Wilson 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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