NOT LISTED FOR SALE

2518 Lime Ave Long Beach, CA 90806

Estimated Value: $1,295,266 - $1,471,000

5 Beds
4 Baths
3,838 Sq Ft
$363/Sq Ft Est. Value

Last Sold July 13, 2016

Last sale price $795,000 $207 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $8,298/month

31 Days on Market

Highlights

  • RV Access or Parking
  • No HOA
  • Tile Flooring
  • Long Beach Polytechnic High School Rated A
  • Laundry Room
  • Forced Air Heating and Cooling System

About This Home

As of July 2016

Live in one and rent the other. Spacious duplex on a large lot - lower unit is a three bedroom, two bathroom home with upgrades throughout. Granite counter tops, upgraded wood cabinetry, fireplace, tile flooring. Upper unit is a two bedroom, two bathroom with a den as well. Private entrance, fireplace - completely remodeled and has yet to be lived in! Central A/C. Detached studio located in the rear of the property can be used as an office, creative space or storage. Detached two car and one car garage. Close to schools, parks, shopping, entertainment, freeways, Cal State Long Beach and Long Beach City College. Note - property recently appraised at $795,000. Back on market - buyer unable to perform.

Last Agent to Sell the Property

David Landeros

West Associates License #01735661 Listed on: 05/27/2016

Co-Listed By

Heather Schaible

West Associates License #01848864

Last Buyer's Agent

Adela Sanchez

Keller Williams Realty License #01491924

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 8,202 Sq Ft Lot
  • 1 Common Wall

Parking

  • 3 Car Garage
  • Parking Available
  • Two Garage Doors
  • Driveway
  • Off-Street Parking
  • RV Access or Parking

Home Design

  • Property Attached

Interior Spaces

  • 3,838 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 4 / E
  • Tax Tract Number 1
  • Assessor Parcel Number 7211006039

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Gardener Expense $1,166
  • Insurance Expense $2,600
  • Trash Expense $288
  • Water Sewer Expense $1,920
  • New Taxes Expense $9,813
  • Gross Income $4,800
  • Net Operating Income $35,568

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

3

Listing Details

  • CapRate: 4.56
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 1920.00
  • Property Type: Residential Income
  • Gardener Expense: 1166.00
  • Parcel Number: 7211006039
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 207.14

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway, Off Street, Oversized, RV Potential, RV Access/Parking, Garage - Single Door, Garage - Two Door
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Trash Expense: 288.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8202.00
  • Price Per Lot Square Foot: 96.93

Multi Family

  • Average2 Bed Area: 1511
  • Average3 Bed Area: 2327
  • Electric Expense: 2400.00
  • Gross Income: 4800.00
  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 2600.00
  • Net Operating Income: 35568.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 19152.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 9813.00
  • Tax Block: E
  • Tax Lot: 4
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2016
Closed on
Jun 10, 2016
Sold by
Sartin Winford
Bought by
Guzman Hilda
Seller's Agent
David Landeros
West Associates
Buyer's Agent
Adela Sanchez
Keller Williams Realty
List Price
$785,000
Sold Price
$795,000
Premium/Discount to List
$10,000
1.27%
Current Estimated Value
$1,394,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$599,067
Avg. Annual Appreciation
6.12%
Original Mortgage
$542,327
Outstanding Balance
$442,924
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$951,143

Purchase Details

Closed on
Jul 11, 2006
Sold by
Sartin Elaine
Bought by
Sartin Winford

Purchase Details

Closed on
Aug 4, 2004
Sold by
Sartin Elaine and Sartin Tony Prizmich
Bought by
Sartin Elaine

Purchase Details

Closed on
Apr 8, 1996
Sold by
Prizmich Tony
Bought by
Prizmich Tony and Prizmich Verna
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
Guzman Hilda $795,000 Fatcola
Sartin Winford -- None Available
Sartin Elaine -- Commonwealth Title
Prizmich Tony -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guzman Hilda $542,327
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2016 07/13/16 Sold $795,000 +1.3% $207 / Sq Ft
06/27/2016 06/27/16 Pending -- -- --
05/27/2016 05/27/16 For Sale $785,000 -- $205 / 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 $11,933 $922,660 $348,173 $574,487
2024 $11,933 $904,570 $341,347 $563,223
2023 $11,738 $886,834 $334,654 $552,180
2022 $11,027 $869,446 $328,093 $541,353
2021 $10,801 $852,399 $321,660 $530,739
2019 $10,648 $827,498 $312,120 $515,378
2018 $10,276 $811,280 $306,000 $505,280
2016 $2,774 $210,431 $36,139 $174,292
2015 $2,671 $207,271 $35,597 $171,674
2014 $2,664 $203,212 $34,900 $168,312
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16113615

California Regional Multiple Listing Service (CRMLS)

APN: 7211-006-039