NOT LISTED FOR SALE

Estimated Value: $773,000 - $912,000

4 Beds
2 Baths
1,621 Sq Ft
$523/Sq Ft Est. Value

Last Sold February 10, 2014

Last sale price $387,000 $239 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $5,165/month

68 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Front Yard
  • Property is near a park
  • Rectangular Lot
  • 1-Story Property

About This Home

As of February 2014

This is an excellent opportunity for an owner-occupant, or investment buyer. The property features two individual, 2bed/1bath homes, with separate private access to each. Located in North Long Beach on a quiet tree-lined street, with close proximity to schools, parks, transportation and shopping.

Last Agent to Sell the Property

Shane Smith

Orange County Realty & Mortgage License #01068377 Listed on: 12/12/2013

Last Buyer's Agent

Wilson Acevedo

Acevedo Real Estate Pro License #01751542

Acevedo Real Estate Pro

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,259

Year Built

  • Built in 1961

Lot Details

  • 4,396 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Level Lot
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Bungalow
  • Asphalt Roof

Interior Spaces

  • 1,621 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 6807
  • Assessor Parcel Number 7120011025

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 $800
  • Trash Expense $700
  • New Taxes Expense $4,668
  • Gross Income $2,400
  • Net Operating Income $22,632

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,259

Year Built

Built in 1961

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Architectural Style: Bungalow, Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7120011025
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 238.74

Exterior Features

  • Pool Private: No
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: No
  • Parking Features: Street
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 700.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains

Lot Info

  • Lot Features: 2-5 Units/Acre, Front Yard, Level, Rectangular Lot, Park Nearby, Near Public Transit
  • Lot Size Sq Ft: 4396.00
  • Lot Size Acres: 0.1010

Multi Family

  • Gross Income: 2400.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 800.00
  • Lot Size Area: 4396.0000 Square Feet
  • Net Operating Income: 22632.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 6168.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4668.00
  • Tax Lot: 25
  • Tax Tract Number: 6807
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2013
Closed on
Feb 3, 2014
Sold by
Acevedo Ana M
Bought by
Guevara Manuel Acevedo
Seller's Agent
Shane Smith
Orange County Realty & Mortgage
Buyer's Agent
Wilson Acevedo
Acevedo Real Estate Pro
List Price
$389,000
Sold Price
$387,000
Premium/Discount to List
-$2,000
-0.51%
Current Estimated Value
$848,026

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$461,026
Avg. Annual Appreciation
7.06%
Original Mortgage
$374,083
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 12, 2013
Closed on
Jan 29, 2014
Sold by
Nisbet Shirley Jean and The Rodney & Shirley Nisbet Fa
Bought by
Guevara Manuel Acevedo
Seller's Agent
Shane Smith
Orange County Realty & Mortgage
Buyer's Agent
Wilson Acevedo
Acevedo Real Estate Pro
List Price
$389,000
Sold Price
$387,000
Premium/Discount to List
-$2,000
-0.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,083
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 16, 2006
Sold by
Nisbet Rodney L and Nisbet Shirley J
Bought by
Nisbet Rodney Lee and Nisbet Shirley Jean
Source: Public Records

Range of Values:

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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
Guevara Manuel Acevedo -- First American Title Company
Guevara Manuel Acevedo $387,000 First American Title Company
Nisbet Rodney Lee -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guevara Manuel Acevedo $344,500
Closed Guevara Manuel Acevedo $351,000
Closed Guevara Manuel Acevedo $372,452
Closed Guevara Manuel Acevedo $374,083
Previous Owner Nisbet Rodney Lee $355,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2014 02/10/14 Sold $387,000 -0.5% $239 / Sq Ft
01/03/2014 01/03/14 Pending -- -- --
10/27/2013 10/27/13 For Sale $389,000 -- $240 / 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 $6,259 $474,398 $204,714 $269,684
2024 $6,259 $465,097 $200,700 $264,397
2023 $6,153 $455,978 $196,765 $259,213
2022 $5,783 $447,038 $192,907 $254,131
2021 $5,664 $438,274 $189,125 $249,149
2020 $5,649 $433,781 $187,186 $246,595
2019 $5,584 $425,276 $183,516 $241,760
2018 $5,370 $416,938 $179,918 $237,020
2016 $4,939 $400,750 $172,933 $227,817
2015 $4,743 $394,731 $170,336 $224,395
2014 $849 $46,961 $15,178 $31,783
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13218837

California Regional Multiple Listing Service (CRMLS)

APN: 7120-011-025