NOT LISTED FOR SALE

Estimated Value: $718,449 - $884,000

3 Beds
3 Baths
1,142 Sq Ft
$680/Sq Ft Est. Value

Last Sold June 15, 2020

Last sale price $555,000 $486 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,697/month

15 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Neighborhood Views
  • Central Air

About This Home

As of June 2020

Beautifully Rehabbed and Renovated Duplex. Unit 2546 has 2 bedrooms and 2 bath with vaulted ceilings giving the spacious feel. Unit 2548 (leased month to month) is a remodeled Studio. Both units were gutted and COMPLETELY REMODELED with all new electrical boxes and wiring. New plumbing was added including adding new copper to the meter in the street along with new heating copper plumbing and pex. House also features newer roof and Low-E windows. All done with Engineering and City permits and there are separate meters for gas and electric. This property neighboring Signal Hill sits near the park in a cul-de-sac, storage facility, banks, shopping, restaurants, schools and potential developments.

Last Agent to Sell the Property

James Y. Kuang

Standard Prosperity License #01906627 Listed on: 04/29/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 4,708 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex

Interior Spaces

  • 1,142 Sq Ft Home
  • Neighborhood Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Central Air

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 2037
  • Assessor Parcel Number 7208005003

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $300
  • Water Sewer Expense $600
  • New Taxes Expense $6,500
  • Operating Expense $8,900
  • Gross Income $43,200
  • Net Operating Income $34,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.80
  • Property Attached: No
  • Subdivision Name Other: Poly High (PH)
  • View: Yes
  • Water Sewer Expenses: 600.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7208005003
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 485.99
  • Room Type: All Bedrooms Down, Master Bedroom

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 4708.00
  • Lot Size Acres: 0.1081

Multi Family

  • Gross Income: 43200.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 4708.0000 Square Feet
  • Net Operating Income: 34300.00
  • 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: 8900.00
  • Rent Control: Yes
  • Total Expenses: 8900.00

Tax Info

  • New Taxes Expense: 6500.00
  • Tax Census Tract: 5732.01
  • Tax Lot: 1
  • Tax Tract Number: 2037

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2020
Closed on
May 29, 2020
Sold by
Trinh Truong Xuan and Le Anh Ngoc
Bought by
Reta Rachel Yemane
Seller's Agent
James Y. Kuang
Standard Prosperity
List Price
$577,000
Sold Price
$555,000
Premium/Discount to List
-$22,000
-3.81%
Current Estimated Value
$776,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,362
Avg. Annual Appreciation
6.26%
Original Mortgage
$444,000
Outstanding Balance
$393,572
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$382,790

Purchase Details

Listed on
Jan 17, 2019
Closed on
Feb 15, 2019
Sold by
Quach Van Thanh
Bought by
Le Anh Ngoc
Seller's Agent
Jon Herz
Pentimento Properties, Inc.
Buyer's Agent
James Y. Kuang
Standard Prosperity
List Price
$519,900
Sold Price
$516,000
Premium/Discount to List
-$3,900
-0.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.72%
Original Mortgage
$387,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 17, 2019
Closed on
Jan 31, 2019
Sold by
J & J Strategic Design Llc
Bought by
Trinh Truong Xuan and Le Anh Ngoc
Seller's Agent
Jon Herz
Pentimento Properties, Inc.
Buyer's Agent
James Y. Kuang
Standard Prosperity
List Price
$519,900
Sold Price
$516,000
Premium/Discount to List
-$3,900
-0.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 22, 2018
Closed on
Jul 3, 2018
Sold by
Deutsche Bank Trust Company Americas
Bought by
J & J Strategic Design Llc
Seller's Agent
Jeff Anderson
eXp Realty of California Inc
Buyer's Agent
Jon Herz
Pentimento Properties, Inc.
List Price
$430,000
Sold Price
$376,950
Premium/Discount to List
-$53,050
-12.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
70.27%

Purchase Details

Closed on
Feb 10, 2017
Sold by
Mitchell Charlene
Bought by
Deutsche Bank Trust Company Americas

Purchase Details

Closed on
Nov 18, 2015
Sold by
Mitchell Charlene
Bought by
Mitchell Charlene and Mitchell Helen

Purchase Details

Closed on
Mar 6, 2014
Sold by
Quality Loan Service Corporation
Bought by
Mitchelle Charlene

Purchase Details

Closed on
Feb 14, 2014
Sold by
Mitchelle Charlene
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Mar 19, 2012
Sold by
Mitchell Charlene and Marquez Ronnie
Bought by
Mitchell Charlene

Purchase Details

Closed on
May 15, 2011
Sold by
Mitchell Charlene
Bought by
Mitchell Charlene and Marquez Ronnie

Purchase Details

Closed on
Mar 23, 2005
Sold by
Mitter Glenda
Bought by
Mitchell Charlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,800
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
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
Reta Rachel Yemane $555,000 Stewart Title Of Ca Inc
Le Anh Ngoc -- Title365 Co
Trinh Truong Xuan $516,000 Title365 Co
J & J Strategic Design Llc $377,000 Title365 Company
Deutsche Bank Trust Company Americas $397,732 Accommodation
Mitchell Charlene -- None Available
Mitchelle Charlene -- None Available
Nationstar Mortgage Llc $415,018 None Available
Mitchell Charlene -- None Available
Mitchell Charlene -- None Available
Mitchell Charlene $374,000 Landamerica Commonwealth Tit
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reta Rachel Yemane $444,000
Previous Owner Trinh Truong Xuan $387,000
Previous Owner Mitchell Charlene $261,800
Closed Mitchell Charlene $93,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/15/2020 06/15/20 Sold $555,000 -3.8% $486 / Sq Ft
05/14/2020 05/14/20 Pending -- -- --
04/29/2020 04/29/20 For Sale $577,000 +11.8% $505 / Sq Ft
02/22/2019 02/22/19 Sold $516,000 -0.8% $452 / Sq Ft View Prior Sale
01/17/2019 01/17/19 For Sale $519,900 +37.9% $455 / Sq Ft
07/23/2018 07/23/18 Sold $376,950 -12.3% $365 / Sq Ft View Prior Sale
05/22/2018 05/22/18 For Sale $430,000 -- $417 / 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 $7,688 $606,968 $273,408 $333,560
2024 $7,688 $595,068 $268,048 $327,020
2023 $7,556 $583,401 $262,793 $320,608
2022 $7,090 $571,963 $257,641 $314,322
2021 $6,949 $560,749 $252,590 $308,159
2020 $6,670 $526,320 $357,000 $169,320
2019 $4,910 $377,000 $200,000 $177,000
2018 $4,552 $351,900 $204,000 $147,900
2016 $3,753 $300,304 $155,330 $144,974
2015 $3,605 $295,794 $152,997 $142,797
2014 $4,021 $328,151 $245,901 $82,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR20081869

California Regional Multiple Listing Service (CRMLS)

APN: 7208-005-003