NOT LISTED FOR SALE

Estimated Value: $830,000 - $848,816

4 Beds
2 Baths
1,955 Sq Ft
$429/Sq Ft Est. Value

Last Sold December 14, 2023

Last sale price $760,000 $389 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,513/month

18 Days on Market

Highlights

  • Traditional Architecture
  • Neighborhood Views
  • Laundry Room
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring

About This Home

As of December 2023

Fantastic North Long Beach income property. Front home is a large 2 bedroom 1 bath single family home approximately 1,055 square feet featuring large kitchen, family room, dining room, and two large bedrooms. Large back patio plus 2 car garage. Back home is 2 bedroom 1 bath home approximately 900 square feet featuring kitchen, dining, family room, 2 bedrooms and covered back patio. Parking is in driveway.

Last Agent to Sell the Property

Scott Cheramie

MERIDIAN PROPERTY GROUP License #01409016 Listed on: 10/27/2023

Last Buyer's Agent

Lucia Ramirez

Elevate Real Estate Agency License #01748093

Elevate Real Estate Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,113 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Chain Link Fence
  • Level Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Entry on the 1st floor
  • Raised Foundation
  • Slab Foundation
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 1,955 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 22
  • Tax Tract Number 7242
  • Assessor Parcel Number 7113010015
  • $518 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • North Long Beach Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $600
  • Water Sewer Expense $1,400
  • Operating Expense $3,000
  • Gross Income $36,000
  • Net Operating Income $33,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: North Long Beach (NLB)
  • View: Yes
  • Water Sewer Expenses: 1400.00
  • Zoning: LBR1N
  • Architectural Style: Traditional
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7113010015
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 388.75
  • Room Type: Family Room

Exterior Features

  • Foundation: Raised, Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Concrete, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 7113.00
  • Lot Size Acres: 0.1633

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1000 Square Feet
  • Gross Income: 36000.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 7113.0000 Square Feet
  • Net Operating Income: 33000.00
  • 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
  • Operating Expense: 3000.00
  • Rent Control: No
  • Total Actual Rent: 3000.00
  • Total Expenses: 3000.00

Tax Info

  • Tax Census Tract: 5702.03
  • Tax Lot: 22
  • Tax Tract Number: 7242
  • TaxOtherAnnualAssessmentAmount: 518.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2023
Closed on
Nov 21, 2023
Sold by
Norman Family Trust and Richard Arlen Hood
Bought by
Martinez Salvador P and Martinez Jesse
Seller's Agent
Scott Cheramie
MERIDIAN PROPERTY GROUP
Buyer's Agent
Lucia Ramirez
Elevate Real Estate Agency
List Price
$750,000
Sold Price
$760,000
Premium/Discount to List
$10,000
1.33%
Views
98
Current Estimated Value
$837,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,954
Avg. Annual Appreciation
4.88%
Original Mortgage
$491,000
Outstanding Balance
$482,852
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$355,102

Purchase Details

Closed on
Apr 28, 2005
Sold by
Hood Richard A and Hood Joanne M
Bought by
Hood Richard A and Hood Joanne M

Purchase Details

Closed on
Feb 12, 2003
Sold by
Hood Richard
Bought by
Hood Richard Arlen and Hood Joanne Marietta

Purchase Details

Closed on
Jan 28, 2003
Sold by
Norman Shirley
Bought by
Norman Ronald A and Norman Shirley J
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
Martinez Salvador P $760,000 Fidelity National Title
Hood Richard A -- --
Hood Richard Arlen -- --
Norman Ronald A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Salvador P $491,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2023 12/14/23 Sold $760,000 +1.3% $389 / Sq Ft
11/14/2023 11/14/23 Pending -- -- --
10/27/2023 10/27/23 For Sale $750,000 -- $384 / 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 $1,480 $775,200 $408,000 $367,200
2024 $1,480 $75,346 $18,583 $56,763
2023 $1,454 $73,869 $18,219 $55,650
2022 $1,383 $72,421 $17,862 $54,559
2021 $1,342 $71,002 $17,512 $53,490
2020 $1,338 $70,615 $17,333 $53,282
2019 $1,324 $69,238 $16,994 $52,244
2018 $1,187 $67,888 $16,661 $51,227
2016 $1,085 $64,927 $16,015 $48,912
2015 $1,050 $63,953 $15,775 $48,178
2014 $1,058 $62,701 $15,466 $47,235
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23200738

California Regional Multiple Listing Service (CRMLS)

APN: 7113-010-015