NOT LISTED FOR SALE

Estimated Value: $894,000 - $1,146,000

5 Beds
3 Baths
2,266 Sq Ft
$449/Sq Ft Est. Value

Last Sold November 10, 2016

Last sale price $620,000 $274 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $6,293/month

104 Days on Market

Highlights

  • Wood Flooring
  • Lawn
  • Cooling System Mounted To A Wall/Window
  • Long Beach Polytechnic High School Rated A
  • No HOA
  • 4-minute walk to Veterans Park

About This Home

As of November 2016

First time this property has been on the market since 1979. This property features 2 units that consist of 2 buildings and have long term tenants. The front unit is a 3 bedroom 1 bath single story with washer and dryer hookups and has recently had some electrical updating. This unit has original hard wood floors throughout the living room, dining room and hallway. It has Spanish tile in the kitchen and bathrooms and the floor furnace was recently replaced with a new wall unit. The rear unit is above the 4 car garage. This upstairs unit is 1200 square feet and was built in 1988 which included copper plumbing. It has 2 extra large bedrooms and 2 bath rooms with a large living area with Spanish tile in the kitchen, bathrooms. There is a laundry room downstairs with washer dryer hookups and a storage room that is currently used as the owners work shop. There is a total of 2-2 car garages for the tenants and the front unit pays additional rent for the use of 1 garage with an additional 2 spaces in front of the garage doors. Each unit has its own gas and electric meters. The roof was replaced this year to include all fascia boards. **Tenants are not aware of listing. Do not approach or ask any question of the tenants. DRIVE BY ONLY.**

Last Agent to Sell the Property

Abel Bratton

Onyx Realty & Finc. Serv., Inc License #01991349 Listed on: 09/01/2016

Co-Listed By

Carlos Skubacz

RE/MAX 2000 License #01474295

Last Buyer's Agent

Channy Chor

JohnHart Real Estate License #01836138

JohnHart Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,946

Year Built

  • Built in 1988

Lot Details

  • 5,751 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Level Lot
  • Front Yard Sprinklers
  • Lawn

Parking

  • 4 Car Garage
  • On-Street Parking
  • Assigned Parking

Home Design

  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 2,266 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 20
  • Tax Tract Number 5722
  • Assessor Parcel Number 7206004025

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $420
  • Insurance Expense $750
  • Maintenance Expense $600
  • Water Sewer Expense $1,200
  • New Taxes Expense $7,938
  • Gross Income $3,550
  • Net Operating Income $31,693

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,946

Year Built

Built in 1988

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 5.07
  • Price Per Unit: 312500
  • Property Attached: No
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 420.00
  • Parcel Number: 7206004025
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Levels: Two
  • Price Per Square Foot: 273.61

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Parking Features: Assigned, Street
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Level with Street, Sprinklers In Front
  • Lot Size Sq Ft: 5751.00
  • Price Per Lot Square Foot: 111.28

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 1200
  • Average3 Bed Area: 1066
  • Gross Income: 3550.00
  • Gross Multiplier: 14.67
  • Gross Scheduled Income: 42600.00
  • Insurance Expense: 750.00
  • Maintenance Expense: 600.00
  • Net Operating Income: 31693.00
  • Number Of Rented Garages: 2
  • 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: 10908.00
  • Rent Control: No
  • Total Actual Rent: 3550.00

Tax Info

  • New Taxes Expense: 7938.00
  • Tax Lot: 20
  • Tax Tract Number: 5722
  • Tax Annual Amount: 2946.00
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2016
Closed on
Oct 25, 2016
Sold by
Stango Charles R
Bought by
Buth Angelina Y and Buth Bunrith
Seller's Agent
Abel Bratton
Onyx Realty & Finc. Serv., Inc
Buyer's Agent
Channy Chor
JohnHart Real Estate
List Price
$645,000
Sold Price
$620,000
Premium/Discount to List
-$25,000
-3.88%
Current Estimated Value
$1,016,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,322
Avg. Annual Appreciation
5.42%
Original Mortgage
$434,000
Outstanding Balance
$349,361
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$638,406

Purchase Details

Closed on
May 5, 2003
Sold by
Stango Charles R
Bought by
Stango Charles R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
5.71%

Purchase Details

Closed on
Jun 28, 2001
Sold by
Stango Charles R and Stango Yu Ing
Bought by
Stango Charles R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 20, 2000
Sold by
Stango Charles R and Stango Yu Ing
Bought by
Stango Charles R and Stango Yu Ing
Source: Public Records

Range of Values:

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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
Buth Angelina Y $620,000 Title 365
Stango Charles R -- Diversified Title & Escrow S
Stango Charles R -- --
Stango Charles R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buth Angelina Y $434,000
Previous Owner Stango Charles R $345,000
Previous Owner Stango Charles R $202,000
Previous Owner Stango Charles R $40,000
Previous Owner Stango Charles R $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2016 11/10/16 Sold $620,000 -0.8% $274 / Sq Ft
10/25/2016 10/25/16 Pending -- -- --
09/22/2016 09/22/16 Price Changed $625,000 -1.6% $276 / Sq Ft
09/21/2016 09/21/16 Price Changed $635,000 -0.8% $280 / Sq Ft
09/09/2016 09/09/16 Price Changed $640,000 -0.8% $282 / Sq Ft
09/01/2016 09/01/16 Price Changed $645,000 0.0% $285 / Sq Ft
09/01/2016 09/01/16 For Sale $645,000 +2.4% $285 / Sq Ft
08/04/2016 08/04/16 Pending -- -- --
07/13/2016 07/13/16 For Sale $630,000 -- $278 / 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 $9,195 $719,557 $290,145 $429,412
2024 $9,195 $705,449 $284,456 $420,993
2023 $9,041 $691,618 $278,879 $412,739
2022 $8,488 $678,058 $273,411 $404,647
2021 $8,315 $664,763 $268,050 $396,713
2020 $8,292 $657,948 $265,302 $392,646
2019 $8,195 $645,048 $260,100 $384,948
2018 $7,929 $632,400 $255,000 $377,400
2016 $3,063 $235,642 $78,542 $157,100
2015 $2,946 $232,104 $77,363 $154,741
2014 $2,935 $227,558 $75,848 $151,710
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16152511

California Regional Multiple Listing Service (CRMLS)

APN: 7206-004-025