NOT LISTED FOR SALE

Estimated Value: $798,851 - $906,000

3 Beds
2 Baths
1,608 Sq Ft
$524/Sq Ft Est. Value

Last Sold January 15, 2019

Last sale price $566,000 $352 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $5,097/month

77 Days on Market

Highlights

  • Traditional Architecture
  • Tile Flooring
  • Chain Link Fence
  • Laundry Room
  • Ceiling Fan
  • Wood Siding

About This Home

As of January 2019

Terrific North Long Beach Duplex - works well for owner/occupant. Larger 2 bedroom, 1 bath in front, spacious living room, dining area, large kitchen with plenty of cabinetry, spacious bedrooms, tile and pergo flooring. Private and quaint 1 bedroom (lives as a 2 bedroom, has a bonus room), 1 bath unit in rear, 2 parking spaces off alley, 1 car garage, private yard/patio areas.

Last Agent to Sell the Property

Jamee Lindberg

Re/Max R. E. Specialists License #01107487 Listed on: 08/31/2018

Re/Max R. E. Specialists

Co-Listed By

John Lindberg

Re/Max R. E. Specialists License #01010112

Last Buyer's Agent

Deltroy Burnett

Century 21 Masters License #02055877

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 4,577 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • 2 Carport Spaces
  • Parking Available

Home Design

  • Traditional Architecture
  • Bungalow
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,608 Sq Ft Home
  • Ceiling Fan
  • Living Room with Fireplace
  • Gas Cooktop

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 59
  • Tax Tract Number 7309
  • Assessor Parcel Number 7126012031

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • New Taxes Expense $7,188
  • Operating Expense $8,388
  • Gross Income $24,000
  • Net Operating Income $24,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Zoning: LBR1N
  • Architectural Style: Bungalow, Traditional
  • Property Type: Residential Income
  • Parcel Number: 7126012031
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 351.99

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Sq Ft: 4577.00
  • Lot Size Acres: 0.1051

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 924 Square Feet
  • Gross Income: 24000.00
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 4577.0000 Square Feet
  • Net Operating Income: 24000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 2000.00
  • Total Expenses: 8388.00

Tax Info

  • New Taxes Expense: 7188.00
  • Tax Census Tract: 5703.03
  • Tax Lot: 59
  • Tax Tract Number: 7309

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2018
Closed on
Nov 27, 2018
Sold by
Palmas Cruz and Palmas Maria H
Bought by
Nelson Vickey
Seller's Agent
Jamee Lindberg
Re/Max R. E. Specialists
Buyer's Agent
Deltroy Burnett
Century 21 Masters
List Price
$575,000
Sold Price
$566,000
Premium/Discount to List
-$9,000
-1.57%
Current Estimated Value
$842,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$276,963
Avg. Annual Appreciation
5.89%
Original Mortgage
$424,500
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2006
Sold by
Palmas Cruz and Palmas Maria H
Bought by
Palmas Cruz and Palmas Maria H
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
Nelson Vickey $566,000 Ticor Title Company Of Calif
Palmas Cruz -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nelson Vickey $424,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2019 01/15/19 Sold $566,000 -1.6% $352 / Sq Ft
11/16/2018 11/16/18 Pending -- -- --
08/31/2018 08/31/18 For Sale $575,000 -- $358 / 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 $8,156 $631,380 $334,654 $296,726
2024 $8,156 $619,001 $328,093 $290,908
2023 $8,019 $606,864 $321,660 $285,204
2022 $7,531 $594,965 $315,353 $279,612
2021 $7,380 $583,300 $309,170 $274,130
2020 $7,361 $577,320 $306,000 $271,320
2019 $2,578 $177,704 $88,762 $88,942
2018 $2,439 $174,221 $87,022 $87,199
2016 $2,241 $167,458 $83,644 $83,814
2015 $2,157 $164,944 $82,388 $82,556
2014 $2,153 $161,714 $80,775 $80,939
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18213671

California Regional Multiple Listing Service (CRMLS)

APN: 7126-012-031