NOT LISTED FOR SALE

2574 E Carson St Long Beach, CA 90810

Estimated Value: $848,000 - $1,056,000

3 Beds
3 Baths
2,093 Sq Ft
$462/Sq Ft Est. Value

Last Sold November 30, 2012

Last sale price $384,000 $183 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $5,893/month

1 Day on Market

Highlights

  • Gated Parking
  • Wood Flooring
  • Heating System Uses Natural Gas
  • Contemporary Architecture
  • Granite Countertops

About This Home

As of November 2012

3 Units!! Move-In Condition, New Interior,Exterior paint, New kitchen cabinets with granite counter tops, upgraded electrical Smoke,Carbon monoxide & GFI breakers & rewiring breaker box with added lines, Tile floors in Kitchen & Baths New carpet. 3 car detached garages, Private yard, fenced for privacy & security. Front 2 bed 1 bath, middle 1 bed 1 bath, back has bonus room can be used as bedroom or family room with fireplace. Permitted, pre-sale report has been completed and signed by city inspectors. Prime location, high demand rental units near freeway (710) near schools shopping and church. Rents are projected. Investor opportunity Affordable Units.Do the Math. Sold 'As Is' tax assessors information never reliable or guaranteed.

Last Agent to Sell the Property

Arturo Basulto

Basulto Real Estate Services License #01123633 Listed on: 10/16/2012

Last Buyer's Agent

Luis Basulto

DIVERSIFIED WORKS License #01062046

DIVERSIFIED WORKS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,568

Year Built

  • Built in 1944

Lot Details

  • 7,205 Sq Ft Lot
  • Lot Dimensions are 55x131
  • Property fronts an alley

Parking

  • 3 Car Garage
  • 3 Carport Spaces
  • Side Facing Garage
  • Single Garage Door
  • Gated Parking

Home Design

  • Contemporary Architecture
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 3 Bedrooms
  • 2,093 Sq Ft Home
  • Fireplace Features Masonry
  • Granite Countertops

Flooring

  • Wood
  • Stone

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 7
  • Tax Tract Number 11900
  • Assessor Parcel Number 7316011004

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $45
  • Insurance Expense $605
  • Water Sewer Expense $150
  • New Taxes Expense $5,606
  • Gross Income $3,350
  • Net Operating Income $2,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,568

Year Built

Built in 1944

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 0.59
  • Road Frontage Type: Alley
  • View: No
  • Water Sewer Expenses: 150.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 45.00
  • Parcel Number: 7316011004
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters
  • Flooring: Stone, Wood
  • Appliances: No
  • Fireplace Features: Masonry
  • Levels: One
  • Price Per Square Foot: 183.47

Exterior Features

  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 3.00
  • Parking: No
  • Parking Features: Gated, Garage - Single Door, Garage Faces Side
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Fireplace(s), Natural Gas, Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 55x131
  • Lot Size Sq Ft: 7205.00
  • Lot Size Acres: 0.1650

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Gross Income: 3350.00
  • Gross Multiplier: 9.83
  • Gross Scheduled Income: 40200.00
  • Insurance Expense: 605.00
  • Lot Size Area: 7205.0000 Square Feet
  • Net Operating Income: 2340.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Drapes: 3
  • Operating Expense: 195.00

Tax Info

  • New Taxes Expense: 5606.00
  • Tax Area: 1043
  • Tax Lot: 7
  • Tax Tract Number: 11900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2012
Closed on
Oct 27, 2012
Sold by
Lee Chang Joon
Bought by
Endo Kevin
Seller's Agent
Arturo Basulto
Basulto Real Estate Services
Buyer's Agent
Luis Basulto
DIVERSIFIED WORKS
List Price
$395,000
Sold Price
$384,000
Premium/Discount to List
-$11,000
-2.78%
Current Estimated Value
$967,542

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$583,542
Avg. Annual Appreciation
7.62%
Original Mortgage
$288,000
Outstanding Balance
$199,161
Interest Rate
3.33%
Mortgage Type
New Conventional
Estimated Equity
$780,526

Purchase Details

Listed on
Apr 2, 2012
Closed on
May 29, 2012
Sold by
The Bank Of New York Mellon
Bought by
Lee Chang Joon and Lee Young Sook
Seller's Agent
Emily Piemonte
Estate Properties
Buyer's Agent
Arturo Basulto
Basulto Real Estate Services
List Price
$294,900
Sold Price
$267,000
Premium/Discount to List
-$27,900
-9.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
182.43%

Purchase Details

Closed on
Dec 2, 2009
Sold by
San Juan Maria Isabel Rivera
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Aug 9, 2006
Sold by
Rivera San Juan Maria Isabel
Bought by
Rivera San Juan Maria Isabel and Rivera Vicente

Purchase Details

Closed on
Dec 28, 2004
Sold by
Sanjuan Eduardo
Bought by
Rivera Sanjuan Maria Isabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,500
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 29, 2004
Sold by
The Degamo Family Trust
Bought by
Rivera Sanjuan Maria Isabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,500
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 2003
Sold by
Degamo Manuel P
Bought by
Degamo Manuel P and Degamo Norma A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
5.82%

Purchase Details

Closed on
Jun 1, 2000
Sold by
Degamo Manuel P and Degamo Norma A
Bought by
Degamo Manuel P and Degamo Norma A
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
Endo Kevin $384,000 Landsafe
Lee Chang Joon $267,000 None Available
The Bank Of New York Mellon $267,300 Landsafe Title
Rivera San Juan Maria Isabel -- None Available
Rivera Sanjuan Maria Isabel -- Ctc
Rivera Sanjuan Maria Isabel $435,000 Chicago Title
Degamo Manuel P -- Natc
Degamo Manuel P -- North American
Degamo Manuel P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Endo Kevin $288,000
Previous Owner San Juan Maria Isabel Rivera $410,000
Previous Owner San Juan Maria Isabel Rivera $75,000
Previous Owner Rivera Sanjuan Maria Isabel $391,500
Previous Owner Degamo Manuel P $204,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2012 11/30/12 Sold $384,000 -2.8% $183 / Sq Ft
10/17/2012 10/17/12 Pending -- -- --
10/16/2012 10/16/12 For Sale $395,000 +47.9% $189 / Sq Ft
07/27/2012 07/27/12 Sold $267,000 -9.5% $128 / Sq Ft
05/10/2012 05/10/12 Pending -- -- --
04/02/2012 04/02/12 For Sale $294,900 -- $141 / 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 $7,568 $472,854 $283,222 $189,632
2024 $7,568 $463,583 $277,669 $185,914
2023 $7,399 $454,494 $272,225 $182,269
2022 $7,044 $445,584 $266,888 $178,696
2021 $6,947 $436,848 $261,655 $175,193
2019 $6,663 $423,894 $253,896 $169,998
2018 $6,536 $415,583 $248,918 $166,665
2016 $6,288 $399,448 $239,253 $160,195
2015 $6,143 $393,449 $235,660 $157,789
2014 $6,130 $385,743 $231,044 $154,699
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: Y1205424

California Regional Multiple Listing Service (CRMLS)

APN: 7316-011-004