NOT LISTED FOR SALE

Estimated Value: $1,234,000 - $1,581,957

12 Beds
7 Baths
4,366 Sq Ft
$316/Sq Ft Est. Value

Last Sold June 25, 2014

Last sale price $820,000 $188 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $8,447/month

6 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Security Fence
  • Cooling System Mounted To A Wall/Window
  • 4 Car Garage
  • Turnkey

About This Home

As of June 2014

Turn Key - SFR with Triplex. The house is a 3 bedroom 1.5 bath and detached from the Triplex. All units in the Triplex are large 3 Bedroom 2 bath with private washer dry hookups in unit and each include one private garage space. The 4th garage is rented to a local business. Both buildings have been meticulously maintained. House plumbing and wiring was updated to current standards when Triplex was added as part of triplex occupancy permit issued in 1990. Drive by only, Please do not walk on property or disturb tenants. Submit all offers via email to: scott@scottschaffer. Please include RPA, Agency, Pre Approval Letter, FICOS, 60 days Current Proof of Funds. Property is sold 'as is' with no warranties expressed or implied. Buyer to verify. Showing upon accepted offer, all offers Subject to Interior Inspection. 3 of 4 Tenants with housing certs.

Last Agent to Sell the Property

Donald Schaffer

HomeSmart, Evergreen Realty License #01237403 Listed on: 05/13/2014

Last Buyer's Agent

Janice Sadler

Redfin License #01359319

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,192

Year Built

  • Built in 1926 | Remodeled

Lot Details

  • 5,909 Sq Ft Lot
  • Two or More Common Walls
  • Security Fence
  • Wrought Iron Fence
  • Wood Fence
  • Fence is in good condition
  • Sprinkler System

Parking

  • 4 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Property Attached
  • Turnkey
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 4,366 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Window Bars
  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 23
  • Tax Tract Number 5992
  • Assessor Parcel Number 7125030015

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $457
  • Gardener Expense $1,200
  • Insurance Expense $1,561
  • Water Sewer Expense $2,196
  • New Taxes Expense $6,605
  • Gross Income $75,024
  • Net Operating Income $63,005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,192

Year Built

Built in 1926 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Other Phone Description: 916-984-1014
  • Other Phone Number: 916-984-1014
  • Price Per Unit: 187500
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s), Window Bars
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 2196.00
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7125030015
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 187.81

Exterior Features

  • Exterior Features: Lighting
  • Fencing: Good Condition, Security, Wood, Wrought Iron
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 5909.00
  • Lot Size Acres: 0.1360

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 457.00
  • Gross Income: 75024.00
  • Gross Scheduled Income: 75024.00
  • Insurance Expense: 1561.00
  • Lot Size Area: 5909.0000 Square Feet
  • Net Operating Income: 63005.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 1
  • Number With Range: 4
  • Operating Expense: 12019.00
  • Rent Control: No
  • Total Actual Rent: 6252.00

Tax Info

  • New Taxes Expense: 6605.00
  • Tax Lot: 23
  • Tax Tract Number: 5992
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 6, 2017
Sold by
Chau Tu and Chheang Nancy
Bought by
Chau Tu and Chheang Nancy
Current Estimated Value
$1,341,919

Purchase Details

Listed on
May 13, 2014
Closed on
May 28, 2014
Sold by
Int Schaffer Karen D and Int Norman W Kermode Revocable
Bought by
Chau Tu and Chheang Nancy
Seller's Agent
Donald Schaffer
HomeSmart, Evergreen Realty
Buyer's Agent
Janice Sadler
Redfin
List Price
$750,000
Sold Price
$820,000
Premium/Discount to List
$70,000
9.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.34%

Purchase Details

Closed on
Apr 11, 2014
Sold by
Schaffer D Scott and Hu/Lo Land Trust
Bought by
Schaffer Karen D and The Norman W Kermode Revocable

Purchase Details

Closed on
Dec 27, 2012
Sold by
State Trustee Services Llc
Bought by
Schaffer D Scott and Hu/Lo Land Trust

Purchase Details

Closed on
Nov 13, 2006
Sold by
Kermode Ena R
Bought by
Kermode Norman W

Purchase Details

Closed on
Nov 1, 2006
Sold by
Schaffer Donald B and Schaffer Karen D
Bought by
State Trustee Services Llc and Hu/Lo Land Trust

Purchase Details

Closed on
Feb 26, 2002
Sold by
Schaffer Donald B and Schaffer Karen D
Bought by
Schaffer Donald and Schaffer Karen
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
Chau Tu -- None Available
Chau Tu $820,000 Wfg Title
Schaffer Karen D -- None Available
Schaffer D Scott -- None Available
Kermode Norman W -- None Available
State Trustee Services Llc -- None Available
Schaffer Donald B -- None Available
Schaffer Donald -- Commonwealth Land Title Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2014 06/25/14 Sold $820,000 +9.3% $188 / Sq Ft
05/19/2014 05/19/14 Pending -- -- --
05/13/2014 05/13/14 For Sale $750,000 -- $172 / 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 $13,192 $1,005,196 $269,684 $735,512
2024 $13,192 $985,488 $264,397 $721,091
2023 $12,970 $966,165 $259,213 $706,952
2022 $12,185 $947,222 $254,131 $693,091
2021 $11,928 $928,650 $249,149 $679,501
2020 $11,896 $919,129 $246,595 $672,534
2019 $11,758 $901,108 $241,760 $659,348
2018 $11,400 $883,440 $237,020 $646,420
2016 $10,473 $849,137 $227,817 $621,320
2015 $10,057 $836,383 $224,395 $611,988
2014 $6,756 $535,052 $136,770 $398,282
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14098916

California Regional Multiple Listing Service (CRMLS)

APN: 7125-030-015