NOT LISTED FOR SALE

Estimated Value: $751,000 - $908,000

4 Beds
3 Baths
1,547 Sq Ft
$532/Sq Ft Est. Value

Last Sold November 30, 2016

Last sale price $489,000 $316 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $4,967/month

57 Days on Market

About This Home

As of November 2016

GREAT OPPORTUNITY LIVE AND ONE RENT THE OTHER ONE. FHA READY UNIT ONE 3 BEDROOM 2 BATHROOMS READY TO MOVE INN WITH NICE KITCHEN GRANITE COUNTER TOPS, LAUNDRY HOOK UPS, NICE LIVINGROOM NICE BACK YARD, CHARMING HOME. SECOND UNIT 1 BEDROOM 1 BATH TENANT OCCUPIED. EASY TO SHOW

Last Agent to Sell the Property

Eduardo Morales

Big Block Powerhouse Realty License #01774758 Listed on: 08/08/2016

Last Buyer's Agent

Luis Figueroa

Equity Smart Real Estate Services License #01406743

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 5,840 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 1,547 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Private Water Source

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 29
  • Tax Tract Number 6792
  • Assessor Parcel Number 7303022010

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $50
  • Insurance Expense $400
  • Trash Expense $80
  • Water Sewer Expense $60
  • New Taxes Expense $4,500
  • Gross Income $1,000
  • Net Operating Income $10,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 60.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7303022010
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 316.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 80.00
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5840.00
  • Price Per Lot Square Foot: 86.47

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 50.00
  • Gross Income: 1000.00
  • Gross Scheduled Income: 12000.00
  • Insurance Expense: 400.00
  • Net Operating Income: 10800.00
  • 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: 1200.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4500.00
  • Tax Lot: 29
  • Tax Tract Number: 6792

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2016
Closed on
Nov 21, 2016
Sold by
Jimenez Maria C
Bought by
Blanco Jorge A
Seller's Agent
Eduardo Morales
Big Block Powerhouse Realty
Buyer's Agent
Luis Figueroa
Equity Smart Real Estate Services
List Price
$520,000
Sold Price
$489,000
Premium/Discount to List
-$31,000
-5.96%
Current Estimated Value
$825,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$336,060
Avg. Annual Appreciation
5.90%
Original Mortgage
$480,142
Outstanding Balance
$385,655
Interest Rate
3.52%
Mortgage Type
FHA
Estimated Equity
$437,520

Purchase Details

Listed on
Aug 8, 2016
Closed on
Nov 14, 2016
Sold by
Parada Evelyn S
Bought by
Blanco Jorge A
Seller's Agent
Eduardo Morales
Big Block Powerhouse Realty
Buyer's Agent
Luis Figueroa
Equity Smart Real Estate Services
List Price
$520,000
Sold Price
$489,000
Premium/Discount to List
-$31,000
-5.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,142
Outstanding Balance
$385,655
Interest Rate
3.52%
Mortgage Type
FHA
Estimated Equity
$437,520

Purchase Details

Listed on
Apr 29, 2014
Closed on
May 12, 2014
Sold by
Vanderpool Douglas Brent and Kunkel Family Trust
Bought by
Parada Evelyn S
Seller's Agent
Kelly Smith
Keller Williams Realty
Buyer's Agent
JOEY VIDAL MENENDEZ
CENTURY 21 JERVIS & ASSOCIATES
List Price
$315
Sold Price
$345,000
Premium/Discount to List
$344,685
109423.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.50%
Original Mortgage
$338,751
Interest Rate
3.87%
Mortgage Type
FHA
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
Blanco Jorge A -- None Available
Blanco Jorge A $489,000 None Available
Parada Evelyn S $345,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blanco Jorge A $480,142
Previous Owner Parada Evelyn S $338,751
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2016 11/30/16 Sold $489,000 0.0% $316 / Sq Ft
10/04/2016 10/04/16 Pending -- -- --
09/26/2016 09/26/16 Price Changed $489,000 -3.2% $316 / Sq Ft
08/30/2016 08/30/16 Price Changed $505,000 -2.9% $326 / Sq Ft
08/08/2016 08/08/16 For Sale $520,000 +50.7% $336 / Sq Ft
07/01/2014 07/01/14 Sold $345,000 +109423.8% $223 / Sq Ft View Prior Sale
05/09/2014 05/09/14 Pending -- -- --
04/21/2014 04/21/14 For Sale $315 -- $0 / 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 $7,725 $567,520 $335,406 $232,114
2024 $7,421 $556,393 $328,830 $227,563
2023 $7,304 $545,484 $322,383 $223,101
2022 $6,871 $534,789 $316,062 $218,727
2021 $6,741 $524,304 $309,865 $214,439
2020 $6,724 $518,929 $306,688 $212,241
2019 $6,644 $508,755 $300,675 $208,080
2018 $6,385 $498,780 $294,780 $204,000
2016 $4,378 $350,261 $203,050 $147,211
2015 $4,204 $345,000 $200,000 $145,000
2014 $1,139 $70,821 $25,986 $44,835
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16173899

California Regional Multiple Listing Service (CRMLS)

APN: 7303-022-010