M
Seller's Agent in 2016
Michael Borba
Borba Investment Realty
(562) 924-3858
10 Total Sales
2825 E Cade St Long Beach, CA 90805
Ramona Park NeighborhoodEstimated Value: $1,346,000 - $1,481,874
12
Beds
4
Baths
3,850
Sq Ft
$365/Sq Ft
Est. Value
Highlights
- No HOA
- Level Lot
- Heating System Uses Natural Gas
About This Home
As of August 2016This property runs incredibly smoothly - low maintenance and long term tenants. Expenses reported are actual expense figures for the past 12 months. All units have been improved, and there is room to increase rents. Rents ARE below market! Tenants pay their own electricity, gas and trash and owner pays water and home meter trash only. The property is easy to maintain (mostly cement), and there a 3 garages included in the rent of three current tenants. This property will not last long at 12.4 GRM and 5.67% cap on current rents, and 11 GRM and 6.5% cap on market rents.
Last Agent to Sell the Property
Borba Investment Realty License #01380572 Listed on: 05/06/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 4,646 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Parking
- 3 Car Garage
Home Design
- 3,850 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 12 Bedrooms
- 4 Bathrooms
Additional Features
- Gas Cooktop
- Urban Location
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 16
- Tax Tract Number 6807
- Assessor Parcel Number 7120006014
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $1,400
- Maintenance Expense $3,415
- Pest Control $528
- Trash Expense $183
- Water Sewer Expense $1,207
- New Taxes Expense $10,188
- Gross Income $5,690
- Net Operating Income $48,111
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 6, 2016
Closed on
Jul 22, 2016
Sold by
Barcelos Paul A
Bought by
Schouten Andrew P and Schouten Vivian A
Seller's Agent
Michael Borba
Borba Investment Realty
Buyer's Agent
Brad Davidson
We Help U Buy Realty
List Price
$849,000
Sold Price
$800,000
Premium/Discount to List
-$49,000
-5.77%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$605,719
Avg. Annual Appreciation
6.17%
Original Mortgage
$585,000
Outstanding Balance
$466,403
Interest Rate
3.54%
Mortgage Type
New Conventional
Estimated Equity
$939,316
Purchase Details
Closed on
Oct 23, 2013
Sold by
Borba Michael F
Bought by
Borba Michael Freitas and Borba Julie Yasuda
Purchase Details
Listed on
Jun 4, 2013
Closed on
Aug 12, 2013
Sold by
Barcelos Paul A
Bought by
Barcelos Paul A and Barcelos Vanda Escobar
Seller's Agent
Vee Vinhnee
Coldwell Banker Realty
Buyer's Agent
Michael Borba
Borba Investment Realty
List Price
$555,000
Sold Price
$540,000
Premium/Discount to List
-$15,000
-2.7%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.01%
Original Mortgage
$405,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 4, 2013
Closed on
Jun 24, 2013
Sold by
Me Nancy N
Bought by
Barcelos Paul A and Barcelos Wanda Escobar
Seller's Agent
Vee Vinhnee
Coldwell Banker Realty
Buyer's Agent
Michael Borba
Borba Investment Realty
List Price
$555,000
Sold Price
$540,000
Premium/Discount to List
-$15,000
-2.7%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 19, 2007
Sold by
Me Nancy N
Bought by
Me Nancy N and The Nancy N Me Living Trust
Purchase Details
Closed on
Dec 7, 2004
Sold by
Me Peter B
Bought by
Me Nancy N
Purchase Details
Closed on
May 1, 2002
Sold by
Va
Bought by
Me Peter B and Me Nancy N
Purchase Details
Closed on
Sep 28, 2000
Sold by
Chase Manhattan Mtg Corp
Bought by
Va
Purchase Details
Closed on
Jul 22, 1996
Sold by
Flannagan Alice Blew
Bought by
Jones Jemaull
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,180
Interest Rate
8.23%
Mortgage Type
VA
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Schouten Andrew P | $800,000 | Fidelity National Title | |
| Borba Michael Freitas | -- | None Available | |
| Barcelos Paul A | -- | None Available | |
| Barcelos Paul A | $540,000 | Ortc | |
| Me Nancy N | -- | None Available | |
| Me Nancy N | -- | -- | |
| Me Peter B | $221,000 | North American Title Co | |
| Va | -- | Fidelity National Title Ins | |
| Chase Manhattan Mtg Corp | $165,244 | -- | |
| Jones Jemaull | $159,000 | Orange Coast Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Schouten Andrew P | $585,000 | |
| Previous Owner | Barcelos Paul A | $405,000 | |
| Previous Owner | Jones Jemaull | $162,180 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/02/2016 08/02/16 | Sold | $800,000 | -5.8% | $208 / Sq Ft | |
| 05/06/2016 05/06/16 | For Sale | $849,000 | +57.2% | $221 / Sq Ft | |
| 08/01/2013 08/01/13 | Sold | $540,000 | -2.7% | $140 / Sq Ft | View Prior Sale |
| 06/23/2013 06/23/13 | Pending | -- | -- | -- | |
| 06/04/2013 06/04/13 | For Sale | $555,000 | -- | $144 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,184 | $928,462 | $197,296 | $731,166 |
| 2024 | $12,184 | $910,258 | $193,428 | $716,830 |
| 2023 | $11,977 | $892,411 | $189,636 | $702,775 |
| 2022 | $11,251 | $874,914 | $185,918 | $688,996 |
| 2021 | $11,013 | $857,760 | $182,273 | $675,487 |
| 2019 | $10,856 | $832,320 | $176,868 | $655,452 |
| 2018 | $10,546 | $816,000 | $173,400 | $642,600 |
| 2016 | $7,088 | $559,184 | $352,080 | $207,104 |
| 2015 | $6,812 | $550,786 | $346,792 | $203,994 |
| 2014 | $6,779 | $539,998 | $339,999 | $199,999 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Borba
-
Sonya Borba
Seller Co-Listing Agent in 2016
Sonya Borba
Borba Investment Realty
(310) 922-2711
3 Total Sales
-
Brad Davidson
Buyer's Agent in 2016
Brad Davidson
We Help U Buy Realty
(714) 961-8442
59 Total Sales
-
V
Seller's Agent in 2013
Vee Vinhnee
Coldwell Banker Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS16096574
APN: 7120-006-014
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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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