NOT LISTED FOR SALE

2706 E 15th St Long Beach, CA 90804

Zaferia Neighborhood

Estimated Value: $2,111,000

5 Beds
5 Baths
4,414 Sq Ft
$478/Sq Ft Est. Value

Last Sold December 27, 2012

Last sale price $930,000 $211 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $13,991/month

185 Days on Market

Highlights

  • Contemporary Architecture
  • No Heating
  • 3-minute walk to Orizaba Park
  • Woodrow Wilson High School Rated A

About This Home

As of December 2012

TAKE A LOOK AT THE CASH FLOW ON THIS !!! Ten 1 bedroom/1 bath plus two singles on huge lot in decent area at 9.5 grm and 8+ cap. GOOD ALTERNATIVE FINANCING IF PURCHSAED WITH 8 UNITS NEXT DOOR (2652 E. 15TH).

Last Agent to Sell the Property

Ed Soule

Ed Soule, Broker License #00669188 Listed on: 06/05/2012

Last Buyer's Agent

Fred Denny

First Team Real Estate License #00832957

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 0.35

Parking

  • 18 Parking Spaces

Home Design

  • 4,414 Sq Ft Home
  • Contemporary Architecture
  • Stucco

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 1577
  • Assessor Parcel Number 7260017018

Community Details

Overview

  • 2 Buildings
  • 12 Units

Building Details

  • 12 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • New Taxes Expense $13,738
  • Gross Income $8,975
  • Net Operating Income $84,322

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 8.44
  • View: No
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7260017018
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 210.69

Exterior Features

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

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 18.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Gross Income: 8975.00
  • Gross Multiplier: 9.28
  • Gross Scheduled Income: 107700.00
  • Net Operating Income: 84322.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 20147.00

Tax Info

  • New Taxes Expense: 13738.00
  • Tax Lot: 18
  • Tax Tract Number: 1577

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2012
Closed on
Nov 19, 2012
Sold by
Chelsea Rose Properties Llc
Bought by
Manhart Suzanne Marie and Williams Suzanne Elane
Seller's Agent
Ed Soule
Ed Soule, Broker
Buyer's Agent
Fred Denny
First Team Real Estate
List Price
$1,099,000
Sold Price
$930,000
Premium/Discount to List
-$169,000
-15.38%
Current Estimated Value
$2,111,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,181,000
Avg. Annual Appreciation
6.58%

Purchase Details

Closed on
Mar 31, 2005
Sold by
Ingram Thomas P
Bought by
Chelsea Rose Properties Llc

Purchase Details

Closed on
Nov 12, 2003
Sold by
Ingram Twila A
Bought by
Ingram Thomas P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 10, 2001
Sold by
Newhouse Dolores D and 1985 Newhouse Living Trust
Bought by
Ingram Thomas P and Ingram Twila A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,750
Interest Rate
5.8%
Mortgage Type
Commercial
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
Manhart Suzanne Marie $410,004 North American Title Co Inc
Chelsea Rose Properties Llc -- --
Ingram Thomas P -- Fidelity Long Beach
Ingram Thomas P $350,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ingram Thomas P $430,000
Previous Owner Ingram Thomas P $273,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2012 12/27/12 Sold $930,000 -15.4% $211 / Sq Ft
12/07/2012 12/07/12 Pending -- -- --
06/05/2012 06/05/12 For Sale $1,099,000 -- $249 / 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 $35,172 $2,706,080 $1,591,812 $1,114,268
2024 $35,172 $2,653,020 $1,560,600 $1,092,420
2023 $34,568 $2,601,000 $1,530,000 $1,071,000
2022 $32,456 $2,550,000 $1,500,000 $1,050,000
2021 $14,637 $1,058,007 $739,469 $318,538
2019 $14,431 $1,027,928 $717,537 $310,391
2018 $13,833 $1,007,799 $703,468 $304,331
2016 $12,758 $967,417 $676,152 $291,265
2015 $12,270 $952,886 $665,996 $286,890
2014 $12,244 $934,222 $652,951 $281,271
Source: Public Records

Agents Affiliated with this Home

  • Ed Soule

    Seller's Agent in 2012

    Ed Soule

    Ed Soule, Broker

    (562) 673-5888

    1 Total Sale

    Ed Soule
    Section Image

  • F

    Buyer's Agent in 2012

    Fred Denny

    First Team Real Estate

    (562) 688-8666

    14 Total Sales

    Fred Denny
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P824352

California Regional Multiple Listing Service (CRMLS)

APN: 7260-017-018

California Los Angeles County Long Beach 90804 Zaferia

2706 E 15th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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