NOT LISTED FOR SALE

Estimated Value: $756,000 - $896,000

3 Beds
2 Baths
1,292 Sq Ft
$632/Sq Ft Est. Value

Last Sold November 16, 2017

Last sale price $530,000 $410 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $4,916/month

12 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • Floor Furnace
  • Cooling System Mounted To A Wall/Window
  • Accessible Parking
  • Fenced

About This Home

As of November 2017

Great income opportunity! Two units in a lot! Front unit has 2 bedrooms and 1 bathroom, a good sized living room with a nice fireplace. The kitchen has been upgraded and has enough room for a dining area; Inside laundry room attached to the kitchen. This unit has a detached 2 car garage and shares a recently redone concrete patio. Great for entertaining! The back unit has 1 bedroom and 1 bathroom, fully remodeled, nice sized kitchen and dining area, indoor laundry room, along with a good size living room! This unit has a 1 car attached garage. This is a MUST SEE property!

Last Agent to Sell the Property

Luchi Balcazar

Coldwell Banker Envision License #01475084 Listed on: 09/02/2017

Coldwell Banker Envision

Last Buyer's Agent

Elva Martin

Seville Properties License #01232152

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 5,234 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Fenced
  • Fence is in good condition
  • Back and Front Yard

Parking

  • 3 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 1,292 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Phone Available
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for all utilities, electricity, exterior maintenance, gas, sewer, trash collection, water
  • Tax Lot 28
  • Tax Tract Number 3878
  • Assessor Parcel Number 7120013007

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • North Long Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • New Taxes Expense $3,876
  • Operating Expense $6,376
  • Gross Income $34,200
  • Net Operating Income $27,824

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7120013007
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Accessibility Features: Parking
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 410.22
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom

Exterior Features

  • Fence: Yes
  • Fencing: Good Condition
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Common Area, In Kitchen, Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Near Public Transit
  • Lot Size Sq Ft: 5234.00
  • Lot Size Acres: 0.1202

Rental Info

  • Tenant Pays: All Utilities, Electricity, Exterior Maintenance, Gas, Sewer, Trash Collection, Water

Multi Family

  • Gross Income: 34200.00
  • Gross Scheduled Income: 34200.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 5234.0000 Square Feet
  • Net Operating Income: 27824.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 6376.00
  • Rent Control: No
  • Total Expenses: 6376.00

Tax Info

  • New Taxes Expense: 3876.00
  • Tax Census Tract: 5702.04
  • Tax Lot: 28
  • Tax Tract Number: 3878

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2017
Closed on
Sep 19, 2017
Sold by
Barragan Miguel and Barragan Maria
Bought by
Morales Griselda and Perez Eduardo
Seller's Agent
Luchi Balcazar
Coldwell Banker Envision
Buyer's Agent
Elva Martin
Seville Properties
List Price
$515,000
Sold Price
$530,000
Premium/Discount to List
$15,000
2.91%
Current Estimated Value
$816,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$286,554
Avg. Annual Appreciation
5.45%
Original Mortgage
$371,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 25, 2016
Closed on
Nov 3, 2016
Sold by
Ruiz Jesus E and Ruiz Janette
Bought by
Barragan Miguel and Barragan Maria
Seller's Agent
Kai Ito
Compass
Buyer's Agent
Lana Sanders
The Westwood Real Estate Group
List Price
$415,000
Sold Price
$415,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.40%
Original Mortgage
$311,250
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2013
Sold by
Ruiz Janette
Bought by
Ruiz Jesus E and Ruiz Janette

Purchase Details

Closed on
Aug 5, 2011
Sold by
Ruiz Jesus Edward
Bought by
Ruiz Janette

Purchase Details

Closed on
May 11, 2006
Sold by
Ricketts Carrie Marie
Bought by
Roman Janette and Crisantos Heriberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$514,900
Interest Rate
6.55%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 28, 2004
Sold by
Zygadlo Teresa
Bought by
Ricketts Carrie Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 2000
Sold by
Mack Mark A and Schild Ellen M
Bought by
Zygadlo Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,750
Interest Rate
8.13%
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
Morales Griselda $530,000 Orange Coast Title Company
Barragan Miguel $415,000 Ticor Title Co
Ruiz Jesus E -- None Available
Ruiz Janette -- None Available
Ruiz Janette -- None Available
Roman Janette $542,000 Chicago Title
Ricketts Carrie Marie $360,000 Lawyers Title Company
Zygadlo Teresa $175,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morales Griselda $371,000
Previous Owner Barragan Miguel $311,250
Previous Owner Roman Janette $514,900
Previous Owner Ricketts Carrie Marie $288,000
Previous Owner Zygadlo Teresa $169,750
Closed Ricketts Carrie Marie $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/16/2017 11/16/17 Sold $530,000 +2.9% $410 / Sq Ft
10/14/2017 10/14/17 For Sale $515,000 0.0% $399 / Sq Ft
09/14/2017 09/14/17 Pending -- -- --
09/09/2017 09/09/17 Pending -- -- --
09/02/2017 09/02/17 For Sale $515,000 +24.1% $399 / Sq Ft
11/11/2016 11/11/16 Sold $415,000 0.0% $321 / Sq Ft View Prior Sale
06/22/2016 06/22/16 Pending -- -- --
05/25/2016 05/25/16 For Sale $415,000 -- $321 / 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 $7,805 $603,046 $341,347 $261,699
2024 $7,805 $591,222 $334,654 $256,568
2023 $7,674 $579,631 $328,093 $251,538
2022 $7,207 $568,266 $321,660 $246,606
2021 $7,065 $557,124 $315,353 $241,771
2020 $7,047 $551,412 $312,120 $239,292
2019 $6,965 $540,600 $306,000 $234,600
2018 $6,720 $530,000 $300,000 $230,000
2017 $5,374 $415,000 $245,000 $170,000
2016 $3,876 $309,741 $173,213 $136,528
2015 $3,773 $305,090 $170,612 $134,478
2014 $3,705 $299,114 $167,270 $131,844
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17203710

California Regional Multiple Listing Service (CRMLS)

APN: 7120-013-007