NOT LISTED FOR SALE

Estimated Value: $772,000 - $983,000

4 Beds
3 Baths
1,748 Sq Ft
$501/Sq Ft Est. Value

Last Sold December 12, 2013

Last sale price $390,000 $223 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $5,184/month

119 Days on Market

Highlights

  • Granite Countertops
  • No HOA
  • Carpet

About This Home

As of December 2013

Very nice duplex in N. Long Beach south of the 91 fwy near Atlantic Ave. Great opportunity to start building your income!
The 2 units are both currently vacant. Both are ready to move in -- just choose your tenant! The main house is located on a corner lot
with 3 bedrooms and 2 full baths. The house has new kitchen appliances including a new range/oven, built-in microwave, dishwasher,
new sink and fixtures and new kitchen granite countertops and cabinetry. The living room features laminated flooring and a fireplace.
The rest of the house has new carpeting. The bathrooms have new tiling, mirrors and sinks. There is a patio and patio covering in the back
of the main house. The 2nd house in the back has new kitchen countertops and cabinetry and laminated flooring in the living room.
The bathroom, as well, has new tiling, countertop, sink and fixtures. The property is beautifully landscaped with a sprinkler system.

Last Agent to Sell the Property

Mark Bastorous

Mark Bastorous, Broker License #01463089 Listed on: 09/13/2013

Co-Listed By

Hope Kim

Hope Ys Kim, Broker License #01301958

Last Buyer's Agent

Maria Del Rocio Hughes

RE/MAX TerraSol License #00961116

RE/MAX TerraSol

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,324

Year Built

  • Built in 1929

Lot Details

  • 6,186 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage

Interior Spaces

  • 1,748 Sq Ft Home
  • Living Room with Fireplace

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 5992
  • Assessor Parcel Number 7125021018

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $1,000
  • Trash Expense $420
  • New Taxes Expense $3,850
  • Gross Income $2,700
  • Net Operating Income $25,678

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,324

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • CapRate: 6.70
  • Other Phone Description: 714-800-3900
  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: North Long Beach (NLB)
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7125021018
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Granite Counters
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 223.11

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Appliances: Dishwasher, Electric Range, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Microwave
  • Trash Expense: 420.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 6186.00
  • Lot Size Acres: 0.1420

Multi Family

  • Gross Income: 2700.00
  • Gross Multiplier: 11.90
  • Gross Scheduled Income: 32400.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6186.0000 Square Feet
  • Net Operating Income: 25678.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 1
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 5750.00
  • Rent Control: No
  • Vacancy Allowance: 972
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 3850.00
  • Tax Lot: 22
  • Tax Tract Number: 5992
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 11, 2020
Sold by
Lozano Colon Juan Manuel and Lozano Colon Juan
Bought by
Lozano Colon Juan Manuel and Lozano Liliana
Current Estimated Value
$874,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Outstanding Balance
$259,093
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$615,903

Purchase Details

Listed on
Sep 13, 2013
Closed on
Dec 6, 2013
Sold by
Professionals Investment Group Llc
Bought by
Lozano Colon Juan M
Seller's Agent
Mark Bastorous
Mark Bastorous, Broker
Buyer's Agent
Maria Del Rocio Hughes
RE/MAX TerraSol
List Price
$385,000
Sold Price
$390,000
Premium/Discount to List
$5,000
1.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.08%
Original Mortgage
$312,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2013
Sold by
The Bank Of New York Mellon
Bought by
Professionals Investment Group Llc

Purchase Details

Closed on
Nov 9, 2011
Sold by
Hazzard Joyce
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Sep 1, 2011
Sold by
Spiff Clarence I D
Bought by
Winn Toni

Purchase Details

Closed on
Jun 22, 2011
Sold by
Hazzard Joyce
Bought by
Spiff Clarence I D

Purchase Details

Closed on
Jul 24, 2002
Sold by
Vidaca Ignacio
Bought by
Hazzard Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,200
Interest Rate
8.99%

Purchase Details

Closed on
Oct 26, 1999
Sold by
Vidaca Ignacio and Cebreros Eligio
Bought by
Vidaca Ignacio

Purchase Details

Closed on
Nov 3, 1998
Sold by
Jimenez Inigo Bueno
Bought by
Vidaca Ignacio and Cebreros Eligio

Purchase Details

Closed on
Mar 2, 1998
Sold by
Universal Bank
Bought by
Vidaca Ignacio and Cebreros Eligio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,336
Interest Rate
7.06%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 10, 1997
Sold by
Moraitis Constantine and Moraitis Marina
Bought by
Universal Bank
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
Lozano Colon Juan Manuel -- Wfg Title Company Of Ca
Lozano Colon Juan M $390,000 Title 365
Professionals Investment Group Llc $268,002 None Available
The Bank Of New York Mellon $261,375 Landsafe Title
Winn Toni -- None Available
Spiff Clarence I D -- None Available
Hazzard Joyce $254,000 Chicago Title Co
Vidaca Ignacio -- --
Vidaca Ignacio -- --
Vidaca Ignacio $125,000 First American Title Co
Universal Bank -- First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lozano Colon Juan Manuel $292,500
Closed Lozano Colon Juan M $312,000
Previous Owner Hazzard Joyce $203,200
Previous Owner Vidaca Ignacio $124,336
Closed Hazzard Joyce $50,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2013 12/12/13 Sold $390,000 +1.3% $223 / Sq Ft
11/01/2013 11/01/13 Pending -- -- --
07/05/2013 07/05/13 For Sale $385,000 -- $220 / 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 $6,324 $478,074 $214,520 $263,554
2024 $6,324 $468,701 $210,314 $258,387
2023 $6,218 $459,512 $206,191 $253,321
2022 $5,845 $450,503 $202,149 $248,354
2021 $5,724 $441,671 $198,186 $243,485
2020 $5,709 $437,143 $196,154 $240,989
2019 $5,644 $428,572 $192,308 $236,264
2018 $5,422 $420,170 $188,538 $231,632
2016 $4,986 $403,857 $181,218 $222,639
2015 $4,788 $397,791 $178,496 $219,295
2014 $5,151 $390,000 $175,000 $215,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG13131978

California Regional Multiple Listing Service (CRMLS)

APN: 7125-021-018