NOT LISTED FOR SALE

Estimated Value: $811,000 - $863,000

6 Beds
3 Baths
1,900 Sq Ft
$443/Sq Ft Est. Value

Last Sold July 27, 2016

Last sale price $459,000 $242 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $5,104/month

27 Days on Market

Highlights

  • Ranch Style House
  • Fireplace
  • Cooling System Mounted To A Wall/Window
  • No HOA
  • Double Pane Windows
  • 4-minute walk to Grace Park

About This Home

As of July 2016

Recently remodeled two unit investment in the City of Long Beach! Take advantage of this healthy cash flow investment! One unit is a 4 bed 2 bath and second unit with 2 bed 1 bath. Large lot to park several cars and 3 car detached parking located in the back. Each unit has upgraded kitchen cabinets and granite counter, new flooring, baths, Rv Parking,plumbing electrical and much more. Priced to sell! Take advantage of these units before they are gone!

Last Agent to Sell the Property

Kevin Messiha

Keller Williams SELA License #01883819 Listed on: 05/28/2016

Keller Williams SELA

Last Buyer's Agent

Sicola Elliott

GE Dean and Associates License #01920741

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,477

Year Built

  • Built in 1909

Lot Details

  • 6,188 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Front Yard

Parking

  • 3 Car Garage
  • Automatic Gate

Home Design

  • Ranch Style House
  • Property Attached
  • Raised Foundation
  • Shingle Roof
  • Wood Siding
  • Shingle Siding
  • Copper Plumbing

Interior Spaces

  • 1,900 Sq Ft Home
  • Fireplace
  • Double Pane Windows
  • Entryway
  • Family Room
  • Living Room
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Accessible Parking
  • Urban Location

Listing and Financial Details

  • Tax Lot 1036
  • Tax Tract Number 5134
  • Assessor Parcel Number 7126031022

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Trash Expense $720
  • Water Sewer Expense $720
  • New Taxes Expense $5,500
  • Gross Income $3,038
  • Net Operating Income $31,464

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,477

Year Built

Built in 1909

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Security: Automatic Gate
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 720.00
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • Parcel Number: 7126031022
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Full
  • Entry Location: Ground Level With Steps
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet, Tile
  • Accessibility Features: Parking
  • Price Per Square Foot: 241.58
  • Room Type: Entry, Family Room, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Shingle Siding, Wood Siding

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6188.00
  • Price Per Lot Square Foot: 74.18

Multi Family

  • Gross Income: 3038.00
  • Gross Scheduled Income: 36456.00
  • Insurance Expense: 800.00
  • Net Operating Income: 31464.00
  • 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: 4992.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5500.00
  • Tax Lot: 1036
  • Tax Tract Number: 5134

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 7, 2020
Sold by
Smaith Cacharel Sari and Smaith Cacharel Sara
Bought by
Smaith Cacharel Sari
Current Estimated Value
$841,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Outstanding Balance
$340,452
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$528,008

Purchase Details

Listed on
May 28, 2016
Closed on
Jun 29, 2016
Sold by
Janke Paul Douglas and Janke Paul Douglas
Bought by
Smaith Cacharel Sara
Seller's Agent
Kevin Messiha
Keller Williams SELA
Buyer's Agent
Sicola Elliott
GE Dean and Associates
List Price
$459,000
Sold Price
$459,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.23%
Original Mortgage
$348,750
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2015
Sold by
Janke Paul
Bought by
Paul Douglas Janke Revocable Living Trus

Purchase Details

Listed on
May 15, 2013
Closed on
Jun 24, 2013
Sold by
Ifs Properties Llc
Bought by
Janke Paul D
Seller's Agent
Alex Valenzuela
Keller Williams SELA
Buyer's Agent
Maria Olmos
Y Realty
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$300,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 7, 2012
Closed on
Jun 1, 2012
Sold by
The Bank Of New York Mellon
Bought by
Ifs Properties Llc
Seller's Agent
Sebastian Stofenmacher
Edgestone Real Estate, Inc.
Buyer's Agent
Sebastian Stofenmacher
Edgestone Real Estate, Inc.
List Price
$230,000
Sold Price
$220,000
Premium/Discount to List
-$10,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
79.97%

Purchase Details

Closed on
May 24, 2011
Sold by
Quinn Tarcara R and Dimmitt Jim A
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Apr 14, 2004
Sold by
Charles Ralph
Bought by
Quinn Tarcara R and Dimmitt Jim A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 28, 2000
Sold by
Charles Joanna
Bought by
Charles Ralph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
7.71%

Purchase Details

Closed on
Nov 7, 2000
Sold by
Foley Michael
Bought by
Charles Ralph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
7.71%

Purchase Details

Closed on
Jun 7, 1999
Sold by
Hud
Bought by
Foley Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,900
Interest Rate
7.4%

Purchase Details

Closed on
Feb 17, 1998
Sold by
Obaroghedo Osayanse A and Countrywide Home Loans Inc
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Oct 29, 1997
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Dec 3, 1996
Sold by
Trust Bender Jessie L Tr Bender Family
Bought by
Obaroghedo Osayanse A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,019
Interest Rate
7.46%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Smaith Cacharel Sari -- Fidelity National Title Co
Smaith Cacharel Sara $465,000 Pct
Paul Douglas Janke Revocable Living Trus -- None Available
Janke Paul D $400,000 Landsafe Title
Ifs Properties Llc $230,000 Landsafe Title
The Bank Of New York Mellon $290,250 None Available
Quinn Tarcara R $375,000 United Title Company-La
Charles Ralph -- Stewart Title
Charles Ralph $170,000 Stewart Title
Foley Michael $127,000 Provident Title
Countrywide Home Loans Inc $126,568 Landsafe Title
Hud -- Landsafe Title
Obaroghedo Osayanse A $120,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smaith Cacharel Sari $380,000
Closed Smaith Cacharel Sara $348,750
Previous Owner Janke Paul D $300,000
Previous Owner Ifs Properties Llc $250,000
Previous Owner Quinn Tarcara R $381,400
Previous Owner Quinn Tarcara R $300,000
Previous Owner Charles Ralph $153,000
Previous Owner Foley Michael $120,900
Previous Owner Obaroghedo Osayanse A $119,019
Closed Quinn Tarcara R $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2016 07/27/16 Sold $459,000 0.0% $242 / Sq Ft
06/24/2016 06/24/16 Pending -- -- --
05/28/2016 05/28/16 For Sale $459,000 +10.6% $242 / Sq Ft
07/30/2013 07/30/13 Sold $415,000 -2.4% $218 / Sq Ft
06/17/2013 06/17/13 Pending -- -- --
05/15/2013 05/15/13 For Sale $425,000 +93.2% $224 / Sq Ft
06/29/2012 06/29/12 Sold $220,000 -4.3% $116 / Sq Ft
05/22/2012 05/22/12 Pending -- -- --
05/07/2012 05/07/12 For Sale $230,000 -- $121 / 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 $7,477 $539,665 $255,326 $284,339
2024 $7,477 $529,084 $250,320 $278,764
2023 $7,342 $518,711 $245,412 $273,299
2022 $7,237 $508,541 $240,600 $267,941
2021 $6,651 $498,571 $235,883 $262,688
2020 $6,634 $493,460 $233,465 $259,995
2019 $6,557 $483,786 $228,888 $254,898
2018 $6,289 $474,300 $224,400 $249,900
2016 $5,336 $414,212 $165,684 $248,528
2015 $5,130 $407,991 $163,196 $244,795
2014 $5,098 $400,000 $160,000 $240,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16114833

California Regional Multiple Listing Service (CRMLS)

APN: 7126-031-022