NOT LISTED FOR SALE

2737 E Madison St Long Beach, CA 90810

Estimated Value: $744,000 - $799,961

2 Beds
2 Baths
1,360 Sq Ft
$565/Sq Ft Est. Value

Last Sold May 08, 2018

Last sale price $522,500 $384 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $4,873/month

44 Days on Market

Highlights

  • Laundry Room
  • Front Yard
  • 2-minute walk to Dominguez Park

About This Home

As of May 2018

A GREAT OPPORTUNITY TO OWN A DUPLEX. THIS IS LOCATED ON A QUITE AND WELL ESTABLISH NEIGHBORHOOD. THIS PROPERTY IS 2 SEPARATE BUILDINGS, EACH INDIVIDUALLY METERED, WITH OWN GAS, ELECTRICAL AND WATER METERS. 10 MINUTES FROM 405 AND 710 FREEWAYS, IS LOCATED NEAR SHOPPING, SCHOOLS, PARKS. BOTH UNITS ARE OCCUPIED AND CA BE DELIVERED VACANT.

Last Agent to Sell the Property

Fernando Ortiz

Big Block Powerhouse Realty License #01737403 Listed on: 02/19/2018

Last Buyer's Agent

Mark Urlich

First Team Real Estate License #01250288

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,379

Year Built

  • Built in 1928

Lot Details

  • 5,445 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 2 Car Garage
  • 4 Carport Spaces

Home Design

  • 1,360 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone, water
  • Tax Lot 191
  • Tax Tract Number 6720
  • Assessor Parcel Number 7308016028

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $852
  • New Taxes Expense $6,813
  • Operating Expense $7,665
  • Gross Income $31,200
  • Net Operating Income $23,535

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,379

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: CARS*
  • Property Type: Residential Income
  • Parcel Number: 7308016028
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 384.19

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5445.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone, Water

Multi Family

  • Gross Income: 31200.00
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 852.00
  • Net Operating Income: 23535.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 7665.00
  • Rent Control: No
  • Total Expenses: 7665.00

Tax Info

  • New Taxes Expense: 6813.00
  • Tax Census Tract: 5440.01
  • Tax Lot: 191
  • Tax Tract Number: 6720

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2022
Sold by
Canon Steve
Bought by
Canon Steve and The Steven Canon 2022 Trust
Current Estimated Value
$767,740

Purchase Details

Listed on
Feb 19, 2018
Closed on
Apr 30, 2018
Sold by
Montepegue Ismael and Juarez Victor
Bought by
Canon Steve
Seller's Agent
Fernando Ortiz
Big Block Powerhouse Realty
Buyer's Agent
Mark Urlich
First Team Real Estate
List Price
$545,000
Sold Price
$522,500
Premium/Discount to List
-$22,500
-4.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.50%
Original Mortgage
$383,875
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2004
Sold by
Montepeque Ismael
Bought by
Montepeque Ismael and Juarez Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,600
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 2003
Sold by
Juarez Maria Guadalupe
Bought by
Juarez Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,896
Interest Rate
5.72%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 10, 2001
Sold by
Martin Richard John and Martin Cynthia L
Bought by
Montepeque Ismael and Juarez Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,450
Interest Rate
6.84%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Canon Steve -- None Available
Canon Steve $522,500 Orange Coast Title Company
Montepeque Ismael -- Orange Coast Title Company
Montepeque Ismael -- Financial Title Company
Montepeque Ismael -- Financial Title Company
Juarez Victor -- Fidelity
Montepeque Ismael $165,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Canon Steve $385,500
Closed Canon Steve $383,875
Previous Owner Montepeque Ismael $315,000
Previous Owner Montepeque Ismael $235,600
Previous Owner Juarez Victor $168,896
Previous Owner Montepeque Ismael $162,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2018 05/08/18 Sold $522,500 -4.1% $384 / Sq Ft
04/04/2018 04/04/18 Pending -- -- --
02/19/2018 02/19/18 For Sale $545,000 -- $401 / 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 $8,379 $594,510 $284,454 $310,056
2024 $8,379 $582,854 $278,877 $303,977
2023 $8,207 $571,426 $273,409 $298,017
2022 $7,804 $560,223 $268,049 $292,174
2021 $7,705 $549,240 $262,794 $286,446
2020 $7,696 $543,609 $260,100 $283,509
2019 $7,415 $532,950 $255,000 $277,950
2018 $4,829 $315,359 $186,898 $128,461
2016 $4,643 $303,116 $179,642 $123,474
2015 $4,539 $298,564 $176,944 $121,620
2014 $4,530 $292,716 $173,478 $119,238
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2018

    Fernando Ortiz

    Big Block Powerhouse Realty

    (323) 563-8813

    8 Total Sales

    Fernando Ortiz
    Section Image

  • M

    Buyer's Agent in 2018

    Mark Urlich

    First Team Real Estate

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18038809

California Regional Multiple Listing Service (CRMLS)

APN: 7308-016-028

California Los Angeles County Long Beach 90810

2737 E Madison St, Long Beach, CA

This home is located at 2737 E Madison St, Long Beach, CA 90810 since 19 February 2018 and is currently estimated at $767,740, approximately $564 per square foot. This property was built in 1928. 2737 E Madison St is a home located in Los Angeles County with nearby schools including Dominguez Elementary School, Rancho Dominguez Preparatory School, and Pacific Baptist School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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