NOT LISTED FOR SALE

Estimated Value: $800,000 - $989,000

6 Beds
4 Baths
1,846 Sq Ft
$494/Sq Ft Est. Value

Last Sold October 07, 2014

Last sale price $450,000 $244 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $5,430/month

50 Days on Market

Highlights

  • No HOA
  • Wrought Iron Fence
  • Front Yard
  • Laundry Room
  • Wall Furnace
  • 4-minute walk to Ramona Park

About This Home

As of October 2014

Rare find: two separate houses on spacious lot. The units have been remodeled and are in excellent condition... Unit Mix: Front house is a 3 bedroom, 1.5 bath, plus a room that could be used as a 4th bedroom (no closet), with one off street parking space in the front. The Back house is a 3 bedroom, 2 bath - includes a 2 car garage. Perfect owner occupant property.

Last Agent to Sell the Property

Jamee Lindberg

Re/Max R. E. Specialists License #01107487 Listed on: 06/23/2014

Re/Max R. E. Specialists

Co-Listed By

John Lindberg

Re/Max R. E. Specialists License #01010112

Last Buyer's Agent

Monic Yang

First Team Real Estate - Cerritos License #01436825

First Team Real Estate - Cerritos

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 4,400 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • 1,846 Sq Ft Home
  • Composition Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 6807
  • Assessor Parcel Number 7120005032

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 $960
  • Insurance Expense $500
  • Maintenance Expense $2,000
  • Pest Control $450
  • Water Sewer Expense $1,000
  • New Taxes Expense $6,250
  • Gross Income $2,486
  • Net Operating Income $29,832

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1000.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7120005032
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 243.77

Exterior Features

  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage, Inside
  • Pest Control Expense: 450.00
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 4400.00
  • Lot Size Acres: 0.1010

Multi Family

  • Gross Income: 2486.00
  • Gross Scheduled Income: 39240.00
  • Insurance Expense: 500.00
  • Lot Size Area: 4400.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 29832.00
  • 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: 784.00
  • Operating Expense Percent: 24.00
  • Rent Control: No
  • Total Actual Rent: 3270.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 6250.00
  • Taxes Percent: 1.10
  • Tax Lot: 4
  • Tax Tract Number: 6807
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2018
Sold by
Hou Kevin Ly and Hou Videth
Bought by
Hou Kevin Ly and Hou Videth
Current Estimated Value
$912,680

Purchase Details

Listed on
Jun 23, 2014
Closed on
Aug 12, 2014
Sold by
Western Mutual Group Inc
Bought by
Hou Kevin Ly and Hou Videth
Seller's Agent
Jamee Lindberg
Re/Max R. E. Specialists
Buyer's Agent
Monic Yang
First Team Real Estate - Cerritos
List Price
$499,000
Sold Price
$450,000
Premium/Discount to List
-$49,000
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.50%
Original Mortgage
$337,500
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2010
Sold by
Kinnicutt Dave and Kinnicutt Madeline
Bought by
Western Mutual Group

Purchase Details

Closed on
Dec 13, 2006
Sold by
Kinnicutt Dave and Kinnicutt Madeline
Bought by
La Besserra Llc

Purchase Details

Closed on
Dec 23, 2005
Sold by
Camarillo Jose
Bought by
Kinnicutt Dave and Kinnicutt Madeline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
1.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 4, 2005
Sold by
Camarillo Esperanza
Bought by
Camarillo Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,650
Interest Rate
7.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 2005
Sold by
Chea Ken and Chao Jennifer
Bought by
Camarillo Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,650
Interest Rate
7.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 2004
Sold by
Chao Jennifer
Bought by
Chea Ken and Chao Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2001
Sold by
Chea Ken
Bought by
Chao Jennifer

Purchase Details

Closed on
Mar 7, 2001
Sold by
Penafiel Cecilia
Bought by
Casa Blanca Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,800
Interest Rate
6.98%

Purchase Details

Closed on
Mar 15, 2000
Sold by
Hud
Bought by
Penafiel Cecilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
8.26%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 19, 1999
Sold by
Talamantes Luis Manuel and Talamantes Blanca
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Oct 9, 1998
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Dec 3, 1997
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Diaz Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.23%

Purchase Details

Closed on
Nov 5, 1997
Sold by
Diaz Mike
Bought by
Talamantes Luis Manuel and Talamantes Blanca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.23%

Purchase Details

Closed on
Sep 25, 1997
Sold by
Homeside Lending Inc
Bought by
Federal Home Loan Mortgage Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,976
Interest Rate
7.14%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 18, 1997
Sold by
Vanho Dieu and Homeside Lending Inc
Bought by
Homeside Lending Inc and Bancboston Mtg Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,976
Interest Rate
7.14%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hou Kevin Ly -- None Available
Hou Kevin Ly -- North American Title Co
Western Mutual Group $272,300 Accommodation
La Besserra Llc -- None Available
Kinnicutt Dave $600,000 Ticor Title Co Glendale
Camarillo Jose -- United Independent Title
Camarillo Jose $489,000 United Independent Title
Chea Ken -- Fidelity National Financial
Chao Jennifer -- --
Casa Blanca Investments Inc -- Stewart Title
Chen Ken $223,500 Stewart Title
Penafiel Cecilia $128,500 Stewart Title
Countrywide Home Loans Inc $218,571 Landsafe Title
Hud -- Landsafe Title
Diaz Mike $118,000 First American Title Co
Talamantes Luis Manuel $215,000 First American
Federal Home Loan Mortgage Corporation -- Fidelity National Title Ins
Homeside Lending Inc $168,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hou Kevin Ly $337,500
Previous Owner Kinnicutt Dave $420,000
Previous Owner Camarillo Jose $415,650
Previous Owner Chea Ken $264,000
Previous Owner Chen Ken $178,800
Previous Owner Penafiel Cecilia $10,000
Previous Owner Diaz Mike $125,000
Previous Owner Talamantes Luis Manuel $207,976
Closed Penafiel Cecilia $127,658
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2014 10/07/14 Sold $450,000 -9.8% $244 / Sq Ft
08/12/2014 08/12/14 Pending -- -- --
06/23/2014 06/23/14 For Sale $499,000 -- $270 / 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 $7,793 $600,377 $241,376 $359,001
2024 $7,793 $588,606 $236,644 $351,962
2023 $7,662 $577,065 $232,004 $345,061
2022 $7,196 $565,751 $227,455 $338,296
2021 $7,051 $554,659 $222,996 $331,663
2020 $7,032 $548,973 $220,710 $328,263
2019 $6,951 $538,210 $216,383 $321,827
2018 $6,087 $475,317 $174,283 $301,034
2016 $5,597 $456,862 $167,516 $289,346
2015 $5,373 $450,000 $165,000 $285,000
2014 $3,586 $286,936 $157,947 $128,989
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14132629

California Regional Multiple Listing Service (CRMLS)

APN: 7120-005-032