NOT LISTED FOR SALE

2514 E Harrison St Long Beach, CA 90810

Estimated Value: $584,000 - $690,000

2 Beds
2 Baths
960 Sq Ft
$667/Sq Ft Est. Value

Last Sold May 09, 2018

Last sale price $400,000 $417 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $3,902/month

22 Days on Market

Highlights

  • Main Floor Bedroom
  • Cottage
  • Living Room
  • Lawn
  • Built-In Features
  • Rectangular Lot

About This Home

As of May 2018

Fantastic duplex, a great investment opportunity located on a quite and established neighborhood. Property is two separate buildings, each has a yard and individually metered with gas and electric. Floor plan is well appointed, very quaint and functional with lots of potential. Property sold “as-is” and no termite work.

Last Agent to Sell the Property

Lillian Wee - Barbatto

West Shores Realty, Inc. License #01739590 Listed on: 02/26/2018

West Shores Realty, Inc.

Last Buyer's Agent

Ana Bitolas

First Family Homes License #01348045

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 2,681 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Rectangular Lot
  • Level Lot
  • Lawn
  • Back and Front Yard

Parking

  • On-Street Parking

Home Design

  • Cottage
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Partial Copper Plumbing
  • Plaster

Interior Spaces

  • 960 Sq Ft Home
  • Built-In Features
  • Window Screens
  • Living Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 2 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1465
  • Tax Tract Number 7644
  • Assessor Parcel Number 7308007009

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $750
  • Trash Expense $509
  • Water Sewer Expense $1,014
  • New Taxes Expense $4,812
  • Operating Expense $7,085
  • Gross Income $23,400
  • Net Operating Income $16,767

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • View: No
  • Water Sewer Expenses: 1014.00
  • Zoning: CARM25U*
  • Architectural Style: Cottage
  • Property Type: Residential Income
  • Parcel Number: 7308007009
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features, Copper Plumbing Partial
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: One
  • Price Per Square Foot: 416.67
  • Room Type: Kitchen, Living Room, Main Floor Bedroom
  • Window Features: Screens

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Plaster, Wood Siding

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 509.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Level with Street, Rectangular Lot, Level, Walkstreet
  • Lot Size Sq Ft: 2681.00
  • Lot Size Acres: 0.0615

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 480 Square Feet
  • Gross Income: 23400.00
  • Gross Scheduled Income: 23400.00
  • Insurance Expense: 750.00
  • Lot Size Area: 2681.0000 Square Feet
  • Net Operating Income: 16767.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 6633.00
  • Rent Control: No
  • Total Actual Rent: 1950.00
  • Total Expenses: 7085.00

Tax Info

  • New Taxes Expense: 4812.00
  • Tax Census Tract: 5440.01
  • Tax Lot: 1465
  • Tax Tract Number: 7644

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2018
Closed on
Apr 17, 2018
Sold by
Henley Amy E and Army Henley Trust
Bought by
Lucatero Enrique and Huizar Kimberly Andrea
Seller's Agent
Lillian Wee - Barbatto
West Shores Realty, Inc.
Buyer's Agent
Ana Bitolas
First Family Homes
List Price
$385,000
Sold Price
$400,000
Premium/Discount to List
$15,000
3.9%
Current Estimated Value
$640,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,594
Avg. Annual Appreciation
6.35%
Original Mortgage
$392,755
Outstanding Balance
$338,232
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$302,362

Purchase Details

Closed on
Apr 19, 2001
Sold by
Simmons Mary L
Bought by
Henley Amy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,503
Interest Rate
7.14%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 2, 2000
Sold by
Mason Virginia A
Bought by
Simmons Mary L

Purchase Details

Closed on
Apr 7, 1998
Sold by
Montiel Tulia
Bought by
Wise Investments Llc
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
Lucatero Enrique $400,000 Old Republic Title Company
Henley Amy E $112,500 Southland Title Company
Simmons Mary L $83,000 --
Wise Investments Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lucatero Enrique $392,755
Previous Owner Henley Amy E $111,503
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2018 05/09/18 Sold $400,000 +3.9% $417 / Sq Ft
03/20/2018 03/20/18 Pending -- -- --
02/26/2018 02/26/18 For Sale $385,000 -- $401 / 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 $6,546 $455,126 $227,563 $227,563
2024 $6,546 $446,202 $223,101 $223,101
2023 $6,403 $437,454 $218,727 $218,727
2022 $6,085 $428,878 $214,439 $214,439
2021 $6,004 $420,470 $210,235 $210,235
2020 $5,979 $416,160 $208,080 $208,080
2019 $5,764 $408,000 $204,000 $204,000
2018 $2,841 $148,969 $66,208 $82,761
2016 $2,741 $143,187 $63,638 $79,549
2015 $2,668 $141,038 $62,683 $78,355
2014 $2,660 $138,277 $61,456 $76,821
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18045435

California Regional Multiple Listing Service (CRMLS)

APN: 7308-007-009