NOT LISTED FOR SALE

259 E Norton St Long Beach, CA 90805

Dairy Neighborhood

Estimated Value: $778,634 - $907,000

3 Beds
2 Baths
1,240 Sq Ft
$669/Sq Ft Est. Value

Last Sold September 09, 2019

Last sale price $580,000 $468 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $5,013/month

83 Days on Market

Highlights

  • Built-In Features
  • Ceiling Fan
  • Auto Driveway Gate
  • Attic Fan
  • 5 Car Garage
  • 1-Story Property

About This Home

As of September 2019

Pleased to present the sale of 259 E. Norton, a recently renovated two-on-a-lot Duplex in prime north Long Beach. Live in one & rent the other to off-set your monthly payments. Alternatively, perfect for two families wanting to live & take advantage of today's low interests rates together, or an investor looking to add turn-key units w/substantial rental upside in a high-demand area. This property has gone under extensive renovation that includes but not limited to upgraded kitchen, bathroom, flooring, interior/exterior paint, windows, electrical, and plumbing. Unit mix is comprised of one 2-bedroom, and one one-bedroom + den, currently being used as second bedroom. This offering presents a rare opportunity to purchase a property not subject to the constraints of Rent Control, with rents that are still far below market levels, while being able to benefit from a renovation program already in place.

Last Agent to Sell the Property

Brian Branand

Brian Ross Brandt Branand License #01803629 Listed on: 06/18/2019

Last Buyer's Agent

Patricia Loya

License #01446698

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 5,683 Sq Ft Lot

Interior Spaces

  • 1,240 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Attic Fan

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 5 Car Garage
  • Auto Driveway Gate
  • Driveway

Utilities

  • Cooling System Mounted To A Wall/Window
  • Vented Exhaust Fan
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 7126-012-020

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1240
  • Stories: 1
  • Year Built: 1924
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 2.00
  • Equipment: Attic Fan, Built-Ins, Ceiling Fan, Dryer, Freezer, Garbage Disposal, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Hood Fan, Ice Maker, Microwave, Range/Oven, Refrigerator, Vented Exhaust Fan, Washer
  • Price Per S Q F T: 524.19

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Auto Driveway Gate, Covered Parking, Driveway, Driveway Gate, Garage
  • Total Parking: 5

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 7126-012-020
  • Geocode Override: No
  • Lot Size Area: 5683

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 10.03
  • Number Of Units: 2
  • Type Of Units: Detached

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2019
Closed on
Jul 18, 2019
Sold by
La Norton Llc
Bought by
Gonzalez Ugo Ernesto and Gonzalez Luisa Maria Lugo
Seller's Agent
Brian Branand
Brian Ross Brandt Branand
Buyer's Agent
Patricia Loya
List Price
$650,000
Sold Price
$580,000
Premium/Discount to List
-$70,000
-10.77%
Current Estimated Value
$829,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,159
Avg. Annual Appreciation
5.81%
Original Mortgage
$569,494
Outstanding Balance
$498,206
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$330,953

Purchase Details

Closed on
Feb 16, 2018
Sold by
Sem Sam
Bought by
La Norton Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,327
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2017
Sold by
Sem Sam
Bought by
La Norton Llc

Purchase Details

Listed on
Sep 11, 2015
Closed on
Sep 17, 2015
Sold by
Ornelas Marina
Bought by
Sem Sam
Seller's Agent
Maria Olmos
Y Realty
Buyer's Agent
Maria Olmos
Y Realty
List Price
$319,000
Sold Price
$326,000
Premium/Discount to List
$7,000
2.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.58%

Purchase Details

Listed on
Sep 11, 2015
Closed on
Sep 11, 2015
Sold by
Sok Ly
Bought by
Sem Sam
Seller's Agent
Maria Olmos
Y Realty
Buyer's Agent
Maria Olmos
Y Realty
List Price
$319,000
Sold Price
$326,000
Premium/Discount to List
$7,000
2.19%

Purchase Details

Closed on
Jun 20, 2006
Sold by
Calderon Manuel
Bought by
Ornelas Marina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
8.29%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 22, 1998
Sold by
Driggers Sandra A
Bought by
Calderon Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,233
Interest Rate
6.77%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 25, 1994
Sold by
Driggers Sandra A and Heckman Sandra A
Bought by
Driggers Sandra A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,000
Interest Rate
8.65%
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

Date Buyer Sale Price Title Company
Gonzalez Ugo Ernesto $580,000 First American Title
La Norton Llc -- None Available
Sem Sam -- First American Title Company
La Norton Llc -- None Available
Sem Sam $326,000 Ticor Title
Sem Sam -- Ticor Title
Ornelas Marina -- United Title Company-La
Calderon Manuel $135,000 American Title Co
Driggers Sandra A -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Ugo Ernesto $569,494
Previous Owner Sem Sam $274,327
Previous Owner Ornelas Marina $190,000
Previous Owner Calderon Manuel $124,233
Previous Owner Driggers Sandra A $101,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/09/2019 09/09/19 Sold $580,000 -10.8% $468 / Sq Ft
06/18/2019 06/18/19 For Sale $650,000 +99.4% $524 / Sq Ft
10/27/2015 10/27/15 Sold $326,000 +2.2% $263 / Sq Ft View Prior Sale
09/03/2015 09/03/15 Pending -- -- --
09/01/2015 09/01/15 For Sale $319,000 -- $257 / Sq Ft
Source: The MLS

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 $8,184 $634,312 $328,093 $306,219
2024 $8,184 $621,875 $321,660 $300,215
2023 $8,047 $609,682 $315,353 $294,329
2022 $7,557 $597,728 $309,170 $288,558
2021 $7,409 $586,008 $303,108 $282,900
2020 $7,390 $580,000 $300,000 $280,000
2019 $4,610 $345,953 $159,181 $186,772
2018 $4,415 $339,170 $156,060 $183,110
2016 $4,064 $326,000 $150,000 $176,000
2015 $4,094 $345,000 $185,000 $160,000
2014 $4,148 $345,000 $185,000 $160,000
Source: Public Records

Agents Affiliated with this Home

  • Brian Branand

    Seller's Agent in 2019

    Brian Branand

    Brian Ross Brandt Branand

    (202) 369-7908

    29 Total Sales

    Brian Branand
    Section Image

  • P

    Buyer's Agent in 2019

    Patricia Loya

  • Maria Olmos

    Seller's Agent in 2015

    Maria Olmos

    Y Realty

    (562) 824-6227

    49 Total Sales

    Maria Olmos
    Section Image
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Map

Source: The MLS

MLS Number: 19-479334

The MLS

APN: 7126-012-020

California Los Angeles County Long Beach 90805 Dairy

259 E Norton St, Long Beach, CA

Not Listed for Sale

MultiFamily

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