NOT LISTED FOR SALE

2550 Elm Ave Long Beach, CA 90806

Sunrise Neighborhood

Estimated Value: $823,000 - $872,000

6 Beds
3 Baths
2,176 Sq Ft
$389/Sq Ft Est. Value

Sale Details

Date Sold: March 26, 2012

Last sale price $315,000 $145 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $5,074 / mo

9 Days on Market

Highlights

  • Wood Flooring
  • Corian Countertops
  • Wood Siding
  • Long Beach Polytechnic High School Rated A
  • Forced Air Heating System

About This Home

As of March 2012

Official year built is 1934 but the property was rehabbed in 1998. The front unit is 4 bed 2 bath and the rear unit is 2 bed and 1 bath (Buyer to verify permits). There is a 3 car detached garage in the back that appears to have been converted into storage space. There appears to ample parking in the rear. *Seller to pay 3% of buyers closing costs if negotiated in the contract.* APN #7208-004-017 **** All income and expense figures are estimates by listing agent as owner is unaware of the income or expenses due to this being a Bank Owned Property. Buyer to perform their own due diligence regarding the financial estimates of this property's income and expenses.

Last Agent to Sell the Property

Albert Fiorini

First Team Real Estate License #01066000 Listed on: 02/06/2012

Last Buyer's Agent

Bryan Kazarian

R.A.D.C Real Estate License #01393559

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1934

Lot Details

  • 6,098 Sq Ft Lot

Parking

  • 3 Car Garage
  • 1 Carport Space
  • Three Garage Doors

Home Design

  • Cosmetic Repairs Needed
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,176 Sq Ft Home
  • Wood Flooring
  • Corian Countertops

Utilities

  • Forced Air Heating System
  • Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 1
  • Assessor Parcel Number 7208004017

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Maintenance Expense $500
  • Pest Control $300
  • Supplies Expense $200
  • Trash Expense $600
  • Water Sewer Expense $2,400
  • New Taxes Expense $3,315
  • Gross Income $3,000
  • Net Operating Income $29,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1934

Lot Details

6,098 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 11.13
  • Improvements Percent: 29.00
  • Supplies Expense: 200.00
  • View: No
  • Water Sewer Expenses: 2400.00
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 7208004017
  • Year Built: 1934
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Corian Counters
  • Flooring: Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 144.76

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 3.00
  • Parking: No
  • Parking Features: Garage - Three Door
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Water Heater
  • Heating Type: Forced Air
  • Pest Control Expense: 300.00
  • Sewer: Sewer Paid
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Value Percent: 71.00
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Multi Family

  • Gross Income: 3000.00
  • Gross Multiplier: 7.36
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6098.0000 Square Feet
  • Maintenance Expense: 500.00
  • Maintenance Percent: 2.00
  • Net Operating Income: 29500.00
  • 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 Disposal: 2
  • Operating Expense: 6500.00
  • Operating Expense Percent: 2.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 3315.00
  • Tax Area: 5500
  • Tax Lot: 16
  • Tax Rate: 1.25
  • Tax Tract Number: 1
  • Tax Year: 2011

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 7, 2020
Sold by
Bought by
Current Estimated Value
$847,349

Purchase Details

Closed on
Nov 13, 2019
Sold by
Bought by

Purchase Details

Listed on
Feb 6, 2012
Closed on
Mar 21, 2012
Sold by
Bought by
Seller's Agent
Albert Fiorini
First Team Real Estate
Buyer's Agent
Bryan Kazarian
R.A.D.C Real Estate
List Price
$265,000
Sold Price
$315,000
Premium/Discount to List
$50,000
18.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.16%

Purchase Details

Closed on
Dec 10, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 5, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 24, 2009
Sold by
Bought by

Purchase Details

Closed on
May 15, 2008
Sold by
Bought by

Purchase Details

Closed on
Nov 13, 2007
Sold by
Bought by

Purchase Details

Closed on
May 25, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$578,000
Interest Rate
0.082%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 4, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
0.0699%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
0.0642%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 20, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,400
Interest Rate
0.0575%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 12, 1998
Sold by
Bought by

Purchase Details

Closed on
Mar 24, 1998
Sold by
Bought by

Purchase Details

Closed on
Jan 5, 1998
Sold by
Bought by

Purchase Details

Closed on
Sep 5, 1997
Sold by
Bought by

Purchase Details

Closed on
Jun 3, 1996
Sold by
Bought by

Purchase Details

Closed on
Dec 5, 1995
Sold by
Bought by

Purchase Details

Closed on
Dec 1, 1995
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- None Available
$315,000 Ticor Title Company Of Ca
$255,102 Accommodation
-- None Available
-- None Available
-- None Available
-- None Available
-- First American Title Co La
-- Investors Title Company
-- --
$248,000 Atc
$165,000 Provident Title
$102,000 --
-- American Title Co
$122,721 American Title Ins Co
$108,500 California Counties Title Co
-- Benefit Land Title Ins Co
$100,663 Benefit Land Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $602,000
Closed $250,000
Closed $247,500
Previous Owner $578,000
Previous Owner $480,000
Previous Owner $320,000
Previous Owner $292,000
Previous Owner $198,400
Previous Owner $157,449
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/26/2012 03/26/12 Sold $315,000 +18.9% $145 / Sq Ft
02/15/2012 02/15/12 Pending -- -- --
02/06/2012 02/06/12 For Sale $265,000 -- $122 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,637 $395,643 $188,401 $207,242
2024 $5,383 $387,886 $184,707 $203,179
2023 $5,293 $380,282 $181,086 $199,196
2022 $4,982 $372,827 $177,536 $195,291
2021 $4,875 $365,517 $174,055 $191,462
2020 $4,862 $361,770 $172,271 $189,499
2019 $4,807 $354,678 $168,894 $185,784
2018 $4,573 $347,725 $165,583 $182,142
2016 $4,200 $334,224 $159,154 $175,070
2015 $4,036 $329,205 $156,764 $172,441
2014 $4,016 $322,758 $153,694 $169,064
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2012

    Albert Fiorini

    First Team Real Estate

  • B

    Buyer's Agent in 2012

    Bryan Kazarian

    R.A.D.C Real Estate

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P811259

California Regional Multiple Listing Service (CRMLS)

APN: 7208-004-017

California Los Angeles County Long Beach 90806 Sunrise

2550 Elm Ave, Long Beach, CA

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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