NOT LISTED FOR SALE

2713 E 11th St Long Beach, CA 90804

Rose Park Neighborhood

Estimated Value: $1,241,092 - $1,557,000

2 Beds
3 Baths
4,160 Sq Ft
$336/Sq Ft Est. Value

Last Sold August 22, 2014

Last sale price $663,500 $159 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $8,236/month

383 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Laundry Room
  • Woodrow Wilson High School Rated A
  • No HOA
  • 5 Car Garage

About This Home

As of August 2014

Solid "bread and butter" 6 unit building in strong rental neighborhood. Front building has 4 ONE BD units - see photos. Rear building includes a Studio and a ONE BD unit over 5 storage garages and a laundry room. Rents are low to long term tenants.

Last Agent to Sell the Property

Mary Nimocks

Sandpiper Properties License #00580178 Listed on: 06/21/2014

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,229 Sq Ft Lot
  • Lot Dimensions are 55 x 95
  • No Common Walls
  • Fence is in fair condition

Parking

  • 5 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Entry on the 1st floor
  • Flat Roof Shape
  • Pillar, Post or Pier Foundation
  • Raised Foundation
  • Stucco

Interior Spaces

  • 4,160 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Gas Range
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Property is near public transit
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 15
  • Tax Tract Number 3382
  • Assessor Parcel Number 7260027013

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • 7 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,194
  • Maintenance Expense $2,525
  • Pest Control $340
  • Water Sewer Expense $3,078
  • New Taxes Expense $8,112
  • Gross Income $4,960
  • Net Operating Income $47,047

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Circle (CA)
  • View: No
  • Water Sewer Expenses: 3078.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7260027013
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 159.50

Exterior Features

  • Foundation: Pillar/Post/Pier, Raised
  • Fencing: Fair Condition
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Electric: Electricity - On Property
  • Heating Type: Natural Gas
  • Laundry Features: Community
  • Pest Control Expense: 340.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Near Public Transit
  • Lot Size: 55 x 95
  • Lot Size Sq Ft: 5229.00
  • Lot Size Acres: 0.1200

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Average1 Bed Area: 725
  • Average Studio Area: 550
  • Gross Income: 4960.00
  • Gross Multiplier: 11.35
  • Gross Scheduled Income: 59520.00
  • Insurance Expense: 2194.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 5229.0000 Square Feet
  • Maintenance Expense: 2525.00
  • Net Operating Income: 47047.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 6
  • Number With Range: 6
  • Operating Expense: 10688.00
  • Other Income Description: 50/MO LAUNDRY
  • Rent Control: No
  • Total Actual Rent: 4960.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 8112.00
  • Tax Area: 11933
  • Tax Lot: 15
  • Tax Tract Number: 3382
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2014
Closed on
Jul 16, 2014
Sold by
Moremen Philip M and Margaret J Leake Living Trust
Bought by
Randal & Linda Russell 2008 Trust
Seller's Agent
Mary Nimocks
Sandpiper Properties
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$649,000
Sold Price
$663,500
Premium/Discount to List
$14,500
2.23%
Current Estimated Value
$1,399,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$735,546
Avg. Annual Appreciation
6.78%
Original Mortgage
$500,000
Outstanding Balance
$380,279
Interest Rate
4.12%
Mortgage Type
Commercial
Estimated Equity
$1,018,767

Purchase Details

Closed on
Oct 17, 2008
Sold by
Leake Margaret J and Margaret J Leake Living Trust
Bought by
Moremen Philip M and Margaret J Leake Living Trust

Purchase Details

Closed on
May 17, 2007
Sold by
Leake Margaret J
Bought by
Leake Margaret J and Margaret J Leake Living Trust

Purchase Details

Closed on
Apr 6, 2006
Sold by
Leake Leake Margaret J Margaret J and Leake Earl J
Bought by
Leake Margaret J and Margaret J Leake Survivors Tru
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
Randal & Linda Russell 2008 Trust $663,500 Western Resources Title Co
Moremen Philip M -- None Available
Leake Margaret J -- None Available
Leake Margaret J -- None Available
Leake Margaret J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Randal & Linda Russell 2008 Trust $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2014 08/22/14 Sold $663,500 +2.2% $159 / Sq Ft
06/28/2014 06/28/14 Pending -- -- --
06/10/2013 06/10/13 For Sale $649,000 -- $156 / 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 $10,871 $797,420 $360,551 $436,869
2024 $10,871 $781,785 $353,482 $428,303
2023 $10,680 $766,456 $346,551 $419,905
2022 $10,041 $751,428 $339,756 $411,672
2021 $9,816 $736,695 $333,095 $403,600
2019 $9,676 $715,446 $323,216 $392,230
2018 $9,398 $701,430 $316,879 $384,551
2016 $8,642 $673,618 $304,575 $369,043
2015 $8,306 $663,500 $300,000 $363,500
2014 $8,415 $662,996 $401,816 $261,180
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Mary Nimocks

    Sandpiper Properties

    (562) 212-1677

    2 Total Sales

    Mary Nimocks
    Section Image

  • N

    Buyer's Agent in 2014

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    6,194 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13112279

California Regional Multiple Listing Service (CRMLS)

APN: 7260-027-013

California Los Angeles County Long Beach 90804 Rose Park

2713 E 11th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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