NOT LISTED FOR SALE

Estimated Value: $790,000 - $871,000

3 Beds
2 Baths
1,609 Sq Ft
$515/Sq Ft Est. Value

Last Sold June 09, 2015

Last sale price $410,000 $255 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $4,882/month

25 Days on Market

About This Home

As of June 2015

Property is a duplex located in North Long Beach close to 91,605, and 710 freeways for easy access. This property has 2 separate building for privacy and has separate parking space. The front unit is a 1 bedroom and 1 bathroom with a bonus room for office or playroom. The owner updated the unit with new paint and new kitchen within the last 2 years. The Second unit is a 2 bedroom and 1 bathroom unit. Very spacious and open with a private side and back yard for entertainment or relaxing. Please DO NOT disturb occupants. Agents see remarks

Last Agent to Sell the Property

Monic Yang

First Team Real Estate - Cerritos License #01436825 Listed on: 04/07/2015

First Team Real Estate - Cerritos

Last Buyer's Agent

Monic Yang

First Team Real Estate - Cerritos License #01436825 Listed on: 04/07/2015

First Team Real Estate - Cerritos

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 4,918 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Parking Spaces

Home Design

  • 1,609 Sq Ft Home
  • Bungalow

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 6807
  • Assessor Parcel Number 7120011011

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Gross Income $2,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 7120011011
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4918.00
  • Price Per Lot Square Foot: 83.37
  • Lot Size Acres: 0.1130

Multi Family

  • Average1 Bed Area: 764
  • Average2 Bed Area: 845
  • Gross Income: 2600.00
  • Gross Scheduled Income: 31200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 4918.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Taxes Percent: 1.00
  • Tax Lot: 11
  • Tax Tract Number: 6807
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2015
Closed on
Jun 2, 2015
Sold by
Chan Paul Kim and Sok Mouy Leang
Bought by
Oh Byoung K and Oh Eunice
Seller's Agent
Monic Yang
First Team Real Estate - Cerritos
Buyer's Agent
Monic Yang
First Team Real Estate - Cerritos
List Price
$420,000
Sold Price
$410,000
Premium/Discount to List
-$10,000
-2.38%
Current Estimated Value
$828,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,605
Avg. Annual Appreciation
6.89%
Original Mortgage
$307,500
Outstanding Balance
$236,370
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$592,235

Purchase Details

Listed on
Aug 19, 2013
Closed on
Sep 23, 2013
Sold by
Scott Christopher A and Griffin Michele H
Bought by
Chan Paul Kim and Sok Mouy Leang
Seller's Agent
Robin Auwerda
Keller Williams Coastal Prop.
Buyer's Agent
Jasmin Duran
Keller Williams Coastal Prop
List Price
$325,000
Sold Price
$345,000
Premium/Discount to List
$20,000
6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.96%
Original Mortgage
$200,000
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 25, 2008
Sold by
Bank Of New York
Bought by
Scott Christopher A and Griffin Michele H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,200
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 24, 2008
Sold by
Jones Theresa
Bought by
Bank Of New York and Cwalt Inc Alternative Loan Trust 2006-Oa

Purchase Details

Closed on
May 11, 2005
Sold by
Nunez Rosa Maria
Bought by
Jones Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,550
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 1999
Sold by
Robison Trulane
Bought by
Nunez Rosa Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,700
Interest Rate
7.77%
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
Oh Byoung K $410,000 Lawyers Title
Chan Paul Kim $345,000 Chicago Title Company
Scott Christopher A $349,000 Landsafe Title Of Ca Inc
Bank Of New York $405,000 Landsafe Title
Jones Theresa $469,000 Chicago Title Co
Nunez Rosa Maria $143,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oh Byoung K $307,500
Previous Owner Chan Paul Kim $200,000
Previous Owner Scott Christopher A $279,200
Previous Owner Jones Theresa $445,550
Previous Owner Nunez Rosa Maria $128,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/09/2015 06/09/15 Sold $410,000 -2.4% $255 / Sq Ft
05/02/2015 05/02/15 Pending -- -- --
04/07/2015 04/07/15 For Sale $420,000 +21.7% $261 / Sq Ft
10/10/2013 10/10/13 Sold $345,000 +6.2% $214 / Sq Ft View Prior Sale
09/04/2013 09/04/13 Pending -- -- --
08/19/2013 08/19/13 For Sale $325,000 -- $202 / 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 $6,486 $492,750 $204,310 $288,440
2024 $6,486 $483,089 $200,304 $282,785
2023 $6,377 $473,618 $196,377 $277,241
2022 $5,993 $464,332 $192,527 $271,805
2021 $5,870 $455,228 $188,752 $266,476
2020 $5,855 $450,561 $186,817 $263,744
2019 $5,788 $441,727 $183,154 $258,573
2018 $5,564 $433,066 $179,563 $253,503
2016 $5,118 $416,252 $172,592 $243,660
2015 $4,260 $351,893 $152,997 $198,896
2014 $4,237 $345,000 $150,000 $195,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS15078831

California Regional Multiple Listing Service (CRMLS)

APN: 7120-011-011