NOT LISTED FOR SALE

2722 E Madison St Long Beach, CA 90810

Estimated Value: $658,000 - $745,000

1 Bed
1 Bath
1,216 Sq Ft
$587/Sq Ft Est. Value

Last Sold June 05, 2015

Last sale price $400,000 $329 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $4,277/month

7 Days on Market

About This Home

As of June 2015

Calling out all investors… I am proud to introduce this beautiful duplex. These units look like they were cut out from a magazine. New plumbing….New Electrical… New Roof… New Driveway… And completely remodeled from top to bottom.. If I could use one word to describe these units it would be “Stunning”… By purchasing these units you will definitely receive top market dollar for the rents. Or live in one and rent out the other.. Each Unit has its own Garage and HUGE Individual Backyard perfect for Entertaining ... Don’t walk.. RUN and go take a look at these units.

Last Agent to Sell the Property

Greg Eubanks

K & K Group, Inc. License #01949808 Listed on: 04/06/2015

Last Buyer's Agent

Greg Eubanks

K & K Group, Inc. License #01949808 Listed on: 04/06/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 5,507 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • 1,216 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Additional Features

  • Urban Location
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 213
  • Tax Tract Number 6720
  • Assessor Parcel Number 7308021008

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Trash Expense $400
  • Water Sewer Expense $400
  • Gross Income $2,800
  • Net Operating Income $28,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 400.00
  • Property Type: Residential Income
  • Parcel Number: 7308021008
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 328.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Sewer Paid
  • Trash Expense: 400.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 5507.00
  • Lot Size Acres: 0.1260

Multi Family

  • Gross Income: 2800.00
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5507.0000 Square Feet
  • Net Operating Income: 28800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 400.00
  • Rent Control: No

Tax Info

  • Tax Lot: 213
  • Tax Tract Number: 6720
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2015
Closed on
Apr 16, 2015
Sold by
Crosslink Ventures Inc
Bought by
Goodpaster Taln Ty Mary and Tala Chester
Seller's Agent
Greg Eubanks
K & K Group, Inc.
Buyer's Agent
Greg Eubanks
K & K Group, Inc.
List Price
$399,900
Sold Price
$400,000
Premium/Discount to List
$100
0.03%
Current Estimated Value
$713,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,954
Avg. Annual Appreciation
5.59%
Original Mortgage
$366,300
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 17, 2014
Sold by
Caban Wilfredo
Bought by
Crosslink Ventures Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 4, 2006
Sold by
Caban Wilfredo
Bought by
Caban Wilfredo and Caban Wilfredo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2006
Sold by
Eberhart Lawrence
Bought by
Caban Wilfredo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2005
Sold by
Beedle Myra J and Myra J Beedle Living Trust 200
Bought by
Eberhart Lawrence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2000
Sold by
Beedle Myra
Bought by
Beedle Myra J and The Myra J Beedle Living Trust

Purchase Details

Closed on
Oct 27, 1999
Sold by
Beedle Evan
Bought by
Beedle Myra
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Goodpaster Taln Ty Mary $390,000 First American Title Company
Crosslink Ventures Inc $210,000 Fatcola
Caban Wilfredo -- Fatcola
Caban Wilfredo -- None Available
Caban Wilfredo $465,000 Transunion Title & Escrow Of
Eberhart Lawrence $425,000 Diversified Title
Beedle Myra J -- --
Beedle Myra -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Goodpaster Taln Ty Mary $366,300
Previous Owner Crosslink Ventures Inc $210,000
Previous Owner Caban Wilfredo $50,000
Previous Owner Caban Wilfredo $372,000
Previous Owner Eberhart Lawrence $297,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2015 06/05/15 Sold $400,000 0.0% $329 / Sq Ft
04/13/2015 04/13/15 Pending -- -- --
04/06/2015 04/06/15 For Sale $399,900 -- $329 / 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 $6,788 $468,714 $240,367 $228,347
2024 $6,788 $459,524 $235,654 $223,870
2023 $6,642 $450,515 $231,034 $219,481
2022 $6,316 $441,682 $226,504 $215,178
2021 $6,232 $433,022 $222,063 $210,959
2020 $6,208 $428,583 $219,787 $208,796
2019 $5,987 $420,180 $215,478 $204,702
2018 $5,871 $411,942 $211,253 $200,689
2016 $5,642 $395,947 $203,050 $192,897
2015 $3,757 $214,195 $152,997 $61,198
2014 -- $518,374 $312,140 $206,234
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2015

    Greg Eubanks

    K & K Group, Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15071977

California Regional Multiple Listing Service (CRMLS)

APN: 7308-021-008

California Los Angeles County Long Beach 90810

2722 E Madison St, Long Beach, CA

Not Listed for Sale

MultiFamily

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