NOT LISTED FOR SALE

Estimated Value: $878,000 - $1,003,000

8 Beds
3 Baths
2,100 Sq Ft
$446/Sq Ft Est. Value

Last Sold May 27, 2016

Last sale price $450,000 $214 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $5,753/month

104 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 5-minute walk to Silverado Park

About This Home

As of May 2016

One Single Family House and a biggie two story rental unit in the back. The back unit has three bedrooms upstairs and one bedroom down with a separate entrance. The City of Long Beach may require the new Buyer to do some work to the back unit - see Agent remarks for more info.

Last Agent to Sell the Property

Ed Schilf

RE/MAX Premier Realty License #00904010 Listed on: 02/12/2016

RE/MAX Premier Realty

Last Buyer's Agent

Mary Edwards

RE/MAX College Park Realty License #01103542

RE/MAX College Park Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 6,436 Sq Ft Lot
  • No Common Walls

Parking

  • 3 Car Garage
  • Parking Available
  • Side Facing Garage

Home Design

  • 2,100 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 131
  • Tax Tract Number 9254
  • Assessor Parcel Number 7312026017

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $1,600
  • Trash Expense $800
  • Water Sewer Expense $1,000
  • New Taxes Expense $5,445
  • Net Operating Income $17,695

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 1000.00
  • Property Type: Residential Income
  • Parcel Number: 7312026017
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 214.29

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage Faces Side
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Trash Expense: 800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 6436.00
  • Price Per Lot Square Foot: 69.92
  • Lot Size Acres: 0.1480

Multi Family

  • Electric Expense: 1200.00
  • Gross Scheduled Income: 28340.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 6436.0000 Square Feet
  • Net Operating Income: 17695.00
  • 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: 10645.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5445.00
  • Tax Lot: 131
  • Tax Tract Number: 9254

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 9, 2018
Sold by
Chuor Lee and Chuor Saravy
Bought by
Lsc Families Llc
Current Estimated Value
$937,229

Purchase Details

Closed on
Mar 4, 2016
Sold by
Gaylord Michael L
Bought by
Chour Lee and Chuor Saravy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 1997
Sold by
Gaylord Lawrence T and Gaylord Lawrence Thomas
Bought by
Gaylrd Lawrence T and The Lawrence Thomas Gaylard Tr
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Lsc Families Llc -- None Available
Chour Lee $450,000 Lawyers Title
Gaylrd Lawrence T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chour Lee $337,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2016 05/27/16 Sold $450,000 -9.1% $214 / Sq Ft
02/29/2016 02/29/16 Pending -- -- --
11/17/2015 11/17/15 For Sale $495,000 -- $236 / 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 $10,114 $779,349 $487,093 $292,256
2024 $10,114 $764,069 $477,543 $286,526
2023 $9,943 $749,088 $468,180 $280,908
2022 $9,226 $734,400 $459,000 $275,400
2021 $7,851 $620,194 $367,912 $252,282
2020 $7,831 $613,836 $364,140 $249,696
2019 $6,236 $477,543 $265,302 $212,241
2018 $6,039 $468,180 $260,100 $208,080
2016 $1,029 $59,177 $21,299 $37,878
2015 $997 $58,290 $20,980 $37,310
2014 $1,005 $57,150 $20,570 $36,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15248016

California Regional Multiple Listing Service (CRMLS)

APN: 7312-026-017