NOT LISTED FOR SALE

2572 Lime Ave Long Beach, CA 90806

Estimated Value: $769,000 - $891,000

4 Beds
3 Baths
1,640 Sq Ft
$505/Sq Ft Est. Value

Last Sold February 01, 2017

Last sale price $550,000 $335 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $5,094/month

19 Days on Market

Highlights

  • Property is near public transit
  • Spanish Architecture
  • Neighborhood Views
  • Long Beach Polytechnic High School Rated A
  • Private Yard
  • Double Pane Windows

About This Home

As of February 2017

Nice income producing property! Live in one rent the other two. Front house has 2-bedrooms and the rear unit also has 2-bedrooms. In between is a Studio unit. Double pane windows. Room to raise rents. Great location near Memorial Hospital, schools, shopping and bus lines.

Last Agent to Sell the Property

Gary Cordova

Cordova Realty Management License #00549761 Listed on: 11/23/2016

Last Buyer's Agent

Nathan Stadler

Compass License #01994107

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,262

Year Built

  • Built in 1947

Lot Details

  • 4,944 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Stucco Fence
  • Private Yard
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Front Facing Garage
  • Driveway

Home Design

  • Spanish Architecture
  • Property Attached
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,640 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Living Room
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Free-Standing Range
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Shed

Location

  • Property is near public transit

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 8
  • Tax Tract Number 5732
  • Assessor Parcel Number 7211002015

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $6,600
  • Operating Expense $11,325
  • Gross Income $45,300
  • Net Operating Income $33,975

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,262

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: LBR2N
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 7211002015
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 335.37
  • Room Type: All Bedrooms Down, Kitchen, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Other Structures: Shed(s)
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Stucco Wall, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage, Garage Faces Front
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas Oven, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Near Public Transit, Yard
  • Lot Size Sq Ft: 4944.00

Rental Info

  • Tenant Pays: Electricity, Gas, Other

Multi Family

  • Gross Income: 45300.00
  • Gross Scheduled Income: 45300.00
  • Net Operating Income: 33975.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 11325.00
  • Operating Expense Percent: 25.00
  • Rent Control: No
  • Total Actual Rent: 3775.00
  • Total Expenses: 11325.00

Tax Info

  • New Taxes Expense: 6600.00
  • Tax Census Tract: 5732.01
  • Tax Lot: 8
  • Tax Tract Number: 5732.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 29, 2024
Sold by
Sigala Christopher and Sigala Kristin
Bought by
Vakati Venkata Jagadish Pra and Sirigiri Pavithra
Current Estimated Value
$797,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$711,868
Outstanding Balance
$701,272
Interest Rate
6.9%
Mortgage Type
FHA
Estimated Equity
$126,560

Purchase Details

Listed on
Nov 23, 2016
Closed on
Dec 13, 2016
Sold by
Santiago Laurie Ann K
Bought by
Sigala Christopher and Sigala Kristin
Seller's Agent
Gary Cordova
Cordova Realty Management
Buyer's Agent
Nathan Stadler
Compass
List Price
$550,000
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.92%
Original Mortgage
$385,000
Interest Rate
4.8%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 12, 2006
Sold by
Cordova Patrick C
Bought by
Santiago Laurie Ann K

Purchase Details

Closed on
Mar 3, 2003
Sold by
Cordova Patrick C
Bought by
Cordova Patrick C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
5.54%
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
Vakati Venkata Jagadish Pra $725,000 Wfg National Title
Sigala Christopher $550,000 Chicago Title Company
Santiago Laurie Ann K -- None Available
Cordova Patrick C -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vakati Venkata Jagadish Pra $711,868
Previous Owner Sigala Christopher $385,000
Previous Owner Cordova Patrick C $154,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2017 02/01/17 Sold $550,000 0.0% $335 / Sq Ft
12/12/2016 12/12/16 Pending -- -- --
11/23/2016 11/23/16 For Sale $550,000 -- $335 / 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 $8,262 $739,500 $459,000 $280,500
2024 $8,262 $625,803 $284,456 $341,347
2023 $8,124 $613,533 $278,879 $334,654
2022 $7,630 $601,504 $273,411 $328,093
2021 $7,478 $589,710 $268,050 $321,660
2020 $7,459 $583,664 $265,302 $318,362
2019 $7,372 $572,220 $260,100 $312,120
2018 $7,112 $561,000 $255,000 $306,000
2016 $5,256 $435,000 $261,000 $174,000
2015 $4,725 $400,000 $240,000 $160,000
2014 $3,990 $330,000 $198,000 $132,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS16752764

California Regional Multiple Listing Service (CRMLS)

APN: 7211-002-015