NOT LISTED FOR SALE

2737 E Madison St Long Beach, CA 90810

Estimated Value: $744,000 - $778,000

2 Beds
2 Baths
1,360 Sq Ft
$559/Sq Ft Est. Value

Sale Details

Date Sold: May 8, 2018

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

Est. 46% increase in value since last sale

Current estimated payment $4,826 / mo

44 Days on Market

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

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

Additional Features

  • Laundry in Kitchen
  • 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

Year Built

Built in 1928

Lot Details

5,445 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2018
Closed on
Apr 30, 2018
Sold by
Bought by
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%
Current Estimated Value
$760,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,136
Avg. Annual Appreciation
4.73%
Original Mortgage
$383,875
Outstanding Balance
$330,203
Interest Rate
4.45%
Mortgage Type
New Conventional
Estimated Equity
$430,433

Purchase Details

Closed on
Dec 1, 2004
Sold by
Bought by

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
Bought by

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
Bought by

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$522,500 Orange Coast Title Company
-- Orange Coast Title Company
-- Financial Title Company
-- Financial Title Company
-- Fidelity
$165,000 First American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $383,875
Previous Owner $235,600
Previous Owner $168,896
Previous Owner $162,450
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,617 $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

    9 Total Sales

    Fernando Ortiz
    Section Image

  • M

    Buyer's Agent in 2018

    Mark Urlich

    First Team Real Estate

    Section Image
See All Agents

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

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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.