NOT LISTED FOR SALE

Estimated Value: $793,000 - $839,000

4 Beds
2 Baths
1,758 Sq Ft
$461/Sq Ft Est. Value

Last Sold March 24, 2015

Last sale price $465,000 $265 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $4,984/month

23 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Contemporary Architecture
  • Wood Flooring
  • Open Floorplan
  • Property is near public transit
  • No HOA

About This Home

As of March 2015

TWO ON A LOT! Two very nice homes each 2br/1ba with separate entrances, separate parking and separate private yards. Excellent rental history and great investment as OWNER PAYS NO UTILITIES (two separate water meters, rare for Long Beach). Besides each house has its own washer & dryer hook ups. Recently painted exteriors and interiors, well landscaped and many other upgrades. Great West Long Beach location, perfect for family gatherings and space for a dog run. Close to schools. Front unit is VACANT and ready for a new owner or new tenant! Rear Unit is rented to an excellent tenant, perfect for live in front unit and keep renting the back unit to help you pay your mortgage. Don't miss out on this one. Standard sale priced right !!!

Last Agent to Sell the Property

Juan Andrade

A Plus Realty 8 Financing License #01300433 Listed on: 02/04/2015

Last Buyer's Agent

Artt Ledesma

Re/Max Olympic License #01120447

Re/Max Olympic

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,289

Year Built

  • Built in 1939 | Remodeled

Lot Details

  • 5,388 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • East Facing Home
  • Privacy Fence
  • Fence is in excellent condition
  • Landscaped
  • Level Lot
  • Front and Back Yard Sprinklers
  • Garden
  • Back and Front Yard

Parking

  • 2 Car Direct Access Garage
  • 1 Attached Carport Space
  • Parking Available
  • Two Garage Doors
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Shingle Siding
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 1,758 Sq Ft Home
  • Open Floorplan
  • Blinds
  • Wood Flooring

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Formica Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Floor Furnace
  • High-Efficiency Water Heater

Additional Features

  • No Interior Steps
  • Exterior Lighting
  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Tax Lot 141
  • Tax Tract Number 9254
  • Assessor Parcel Number 7312026027

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $80
  • Trash Expense $40
  • New Taxes Expense $4,375
  • Gross Income $2,450
  • Net Operating Income $28,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,289

Year Built

Built in 1939 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Other Phone Description: 562-419-0339
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Westside/North of Willow (WNW)
  • View: No
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7312026027
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters, Open Floorplan
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 264.51
  • Room Type: All Bedrooms Down
  • Window Features: Blinds

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • Other Structures: Two On A Lot
  • Fencing: Privacy, Excellent Condition
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Concrete, Drywall Walls, Shingle Siding, Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport, Direct Garage Access, Garage, Off Street, On Site, Garage - Two Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Cooktop, High Efficiency Water Heater, Microwave
  • Electric: Electricity - On Property
  • Heating Type: Floor Furnace
  • Laundry Features: In Garage, Washer Hookup
  • Trash Expense: 40.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Level with Street, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer, Sprinkler System, Near Public Transit
  • Lot Size Sq Ft: 5388.00
  • Lot Size Acres: 0.1240

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 2450.00
  • Gross Scheduled Income: 29400.00
  • Insurance Expense: 80.00
  • Lot Size Area: 5388.0000 Square Feet
  • Net Operating Income: 28400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Operating Expense: 1000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4375.00
  • Tax Lot: 141
  • Tax Tract Number: 9254
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2020
Sold by
Galan Rodolfo and Galan Marisa
Bought by
Galan Rodolfo and Galan Marisa
Current Estimated Value
$809,614

Purchase Details

Listed on
Feb 4, 2015
Closed on
Feb 11, 2015
Sold by
Mizrahi Mark Charles
Bought by
Galan Rodolfo and Galan Marisa
Seller's Agent
Juan Andrade
A Plus Realty 8 Financing
Buyer's Agent
Artt Ledesma
Re/Max Olympic
List Price
$464,900
Sold Price
$465,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.44%
Original Mortgage
$341,250
Outstanding Balance
$260,776
Interest Rate
3.54%
Mortgage Type
New Conventional
Estimated Equity
$548,837

Purchase Details

Listed on
Mar 5, 2013
Closed on
Mar 11, 2013
Sold by
Schlitz Marsha Ellen and Schlitz Family Revocable Trust
Bought by
Mizrahi Mark Charles
Seller's Agent
Sindy Verdugo
RE/MAX College Park Realty
Buyer's Agent
Juan Andrade
A Plus Realty 8 Financing
List Price
$349,900
Sold Price
$350,500
Premium/Discount to List
$600
0.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.26%

Purchase Details

Closed on
Dec 8, 2008
Sold by
Schlitz Marsha E
Bought by
Schlitz Marsha E and Thes Shclitz Family Revocable

Purchase Details

Closed on
Oct 16, 2008
Sold by
Schlitz Marsha and The Virginia Arabian Trust
Bought by
Schlitz Marsha

Purchase Details

Closed on
May 25, 1995
Sold by
Wall Virginia A
Bought by
Arabian Virginia and The Virginia Arabian Trust

Purchase Details

Closed on
Apr 3, 1995
Sold by
Wall Virginia A
Bought by
Arabian Virginia and Virginia Arabian Trust
Source: Public Records

Range of Values:

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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
Galan Rodolfo -- None Available
Galan Rodolfo $465,000 Chicago Title
Mizrahi Mark Charles $350,500 Pacific Coast Title Company
Schlitz Marsha E -- None Available
Schlitz Marsha -- None Available
Arabian Virginia -- --
Arabian Virginia -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galan Rodolfo $341,250
Previous Owner Mizrahi Mark Charles $217,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2015 03/24/15 Sold $465,000 0.0% $265 / Sq Ft
02/27/2015 02/27/15 Pending -- -- --
02/04/2015 02/04/15 For Sale $464,900 +32.6% $264 / Sq Ft
03/27/2013 03/27/13 Sold $350,500 +0.2% $199 / Sq Ft
03/11/2013 03/11/13 Pending -- -- --
03/05/2013 03/05/13 For Sale $349,900 -- $199 / 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 $7,289 $558,853 $360,551 $198,302
2024 $7,289 $547,896 $353,482 $194,414
2023 $7,167 $537,153 $346,551 $190,602
2022 $6,733 $526,621 $339,756 $186,865
2021 $6,596 $516,296 $333,095 $183,201
2020 $6,579 $511,003 $329,680 $181,323
2019 $6,502 $500,984 $323,216 $177,768
2018 $6,280 $491,162 $316,879 $174,283
2016 $5,775 $472,091 $304,575 $167,516
2015 $4,353 $359,125 $204,922 $154,203
2014 $4,330 $352,091 $200,908 $151,183
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15025658

California Regional Multiple Listing Service (CRMLS)

APN: 7312-026-027