NOT LISTED FOR SALE

248 E 69th St Long Beach, CA 90805

Starr King Neighborhood

Estimated Value: $693,150 - $817,000

4 Beds
3 Baths
1,568 Sq Ft
$467/Sq Ft Est. Value

Last Sold June 23, 2016

Last sale price $430,000 $274 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $4,420/month

6 Days on Market

Highlights

  • Guest House
  • Wood Flooring
  • Granite Countertops
  • Fireplace in Primary Bedroom
  • Attic
  • No HOA

About This Home

As of June 2016

Duplex in Long Beach. Great opportunity for an investor or first time home buyer. Detached homes with lots of improvements and recent remodel on one of the units. Long driveway that can fit up to 3 cars. Front home is 3 bedrooms and 2 baths with renovated kitchen and bathrooms. Master bedroom has crown molding and recessed lights. All cooper plumbing in both the units. Granite counter tops in the front home kitchen. Detached guest house is 1 bedroom and 1 bath that was recently renovated with new paint and carpet. Guest home can easily be rented for extra income or used as mother in law quarters. Both homes are in good condition.

Last Agent to Sell the Property

Geovanni Alas

The Westwood Real Estate Group License #01736736 Listed on: 04/16/2016

Last Buyer's Agent

Martin Gonzalez

Realty Executives All Cities License #01204139

Realty Executives All Cities

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 5,149 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Block Wall Fence
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Bungalow
  • Additions or Alterations
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Fire Rated Drywall
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 1,568 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Ceiling Fan
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Bonus Room with Fireplace
  • Fire and Smoke Detector
  • Attic

Kitchen

  • Microwave
  • Dishwasher
  • Granite Countertops
  • Formica Countertops
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Converted Bedroom
  • Walk-In Closet
  • 3 Bathrooms
  • Fireplace in Bathroom

Laundry

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

Additional Homes

  • Two Homes on a Lot
  • Guest House

Utilities

  • Heating Available
  • Vented Exhaust Fan
  • Water Heater

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 26 / 9
  • Tax Tract Number 6792
  • Assessor Parcel Number 7303022008

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,000
  • Insurance Expense $600
  • Trash Expense $100
  • Water Sewer Expense $100
  • New Taxes Expense $2,408
  • Gross Income $2,700
  • Net Operating Income $27,032

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Inclusions: dishwasher, refrigerator
  • Property Attached: No
  • Road Frontage Type: Alley
  • Security: Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 100.00
  • Architectural Style: Bungalow
  • Property Condition: Additions/Alterations, Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 7303022008
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Crown Molding, Copper Plumbing Full, Formica Counters, Granite Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Fireplace Features: Bonus Room, Bath, Dining Room, Kitchen, Living Room, Master Bedroom
  • Levels: One
  • Price Per Square Foot: 274.23
  • Room Type: Attic, All Bedrooms Down, Converted Bedroom, Master Bedroom, Walk-In Closet

Exterior Features

  • Foundation: Raised
  • Other Structures: Guest House, Two On A Lot
  • Fencing: Block
  • Pool Private: No
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Microwave, Vented Exhaust Fan, Water Heater
  • Heating Type: Fireplace(s)
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Sq Ft: 5149.00
  • Price Per Lot Square Foot: 83.51

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 2700.00
  • Gross Scheduled Income: 32400.00
  • Insurance Expense: 600.00
  • Net Operating Income: 27032.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5368.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2408.00
  • Tax Block: 9
  • Tax Lot: 26
  • Tax Tract Number: 6792
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2016
Closed on
Jun 16, 2016
Sold by
Ramirez Petra
Bought by
Ramirez Juan G
Seller's Agent
Geovanni Alas
The Westwood Real Estate Group
Buyer's Agent
Martin Gonzalez
Realty Executives All Cities
List Price
$430,000
Sold Price
$430,000
Current Estimated Value
$731,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,538
Avg. Annual Appreciation
5.75%
Original Mortgage
$422,211
Outstanding Balance
$335,231
Interest Rate
3.58%
Mortgage Type
FHA
Estimated Equity
$396,307

Purchase Details

Listed on
Apr 16, 2016
Closed on
Apr 28, 2016
Sold by
Alas Orlando
Bought by
Ramirez Jesus G and Ramirez Juan G
Seller's Agent
Geovanni Alas
The Westwood Real Estate Group
Buyer's Agent
Martin Gonzalez
Realty Executives All Cities
List Price
$430,000
Sold Price
$430,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,211
Outstanding Balance
$335,231
Interest Rate
3.58%
Mortgage Type
FHA
Estimated Equity
$396,307

Purchase Details

Closed on
Jul 16, 2001
Sold by
Alas Marina J
Bought by
Alas Humberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.21%

Purchase Details

Closed on
Jun 13, 2001
Sold by
Alas Orlando and Alas Edilma
Bought by
Alas Orlando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.21%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ramirez Juan G -- Pct
Ramirez Jesus A -- Pct
Ramirez Jesus G $430,000 Pct
Alas Humberto -- American Title
Alas Orlando -- American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Jesus A $422,211
Closed Ramirez Juan G $422,211
Previous Owner Ramirez Jesus G $422,211
Previous Owner Alas Orlando $104,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2016 06/23/16 Sold $430,000 0.0% $274 / Sq Ft
04/22/2016 04/22/16 Pending -- -- --
04/16/2016 04/16/16 For Sale $430,000 -- $274 / 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 $7,043 $527,128 $361,707 $165,421
2024 $6,750 $516,793 $354,615 $162,178
2023 $6,642 $506,661 $347,662 $158,999
2022 $6,244 $496,728 $340,846 $155,882
2021 $5,927 $470,264 $301,298 $168,966
2020 $5,911 $465,443 $298,209 $167,234
2019 $5,839 $456,317 $292,362 $163,955
2018 $5,612 $447,371 $286,630 $160,741
2016 $2,508 $200,653 $109,841 $90,812
2015 $2,408 $197,640 $108,192 $89,448
2014 $2,394 $193,769 $106,073 $87,696
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2016

    Geovanni Alas

    The Westwood Real Estate Group

    (949) 720-9422

    5 Total Sales

    Geovanni Alas
    Section Image
  • Martin Gonzalez

    Buyer's Agent in 2016

    Martin Gonzalez

    Realty Executives

    (562) 843-1103

    135 Total Sales

    Martin Gonzalez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16081257

California Regional Multiple Listing Service (CRMLS)

APN: 7303-022-008

California Los Angeles County Long Beach 90805 Starr King

248 E 69th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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