Seller's Agent in 2016
Chris Comfort
Apex Properties
(818) 917-6558
9 Total Sales
316 E 23rd St Long Beach, CA 90806
Sunrise NeighborhoodEstimated Value: $1,831,125
6
Beds
4
Baths
6,210
Sq Ft
$295/Sq Ft
Est. Value
About This Home
As of November 2016The property consists of 4 apartment units + 2 commercial units. 2 x 2 bedroom 1 bath units + 2 x 1 bedroom 1 bath units + 2 commercial / retail units on the ground floor. The apartment rents are very low with the 1 bedrooms rented at $600 and $575 and the 2 bedroom units rented at $1,100 and $1,300. The first commercial unit is leased to a kombucha tea store and manufacturing tenant at $1,200 per month. The tenant is doing very well and established themselves in the community. The second commercial unit is leased to an insurance company for $950 per month. The property has been well maintained with updates to the plumbing and restrooms. All leases are month to month except for the tea store whose lease expires in March 2017. Owner is willing to provide seller financing with $450k down.
Last Agent to Sell the Property
Apex Properties License #01407997 Listed on: 08/27/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 6,211 Sq Ft Lot
- No Common Walls
- Corner Lot
Parking
- 10 Parking Spaces
Interior Spaces
- 6,210 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Location
- Urban Location
Community Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $980
- Gardener Expense $1,200
- Insurance Expense $3,800
- Water Sewer Expense $4,100
- New Taxes Expense $12,450
- Gross Income $68,700
- Net Operating Income $46,170
Listing and Financial Details
- Tax Lot 001
- Tax Tract Number 5732
- Assessor Parcel Number 7208022001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 18, 2018
Sold by
2296 Nsk Llc
Bought by
Sukh Maya Properties Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$811,000
Outstanding Balance
$699,900
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$1,131,225
Purchase Details
Closed on
Nov 14, 2017
Sold by
2020 Foothill Llc
Bought by
2296 Nsk Llc
Purchase Details
Listed on
Aug 27, 2016
Closed on
Oct 19, 2016
Sold by
Barone Michael A
Bought by
2020 Foothill Llc
Seller's Agent
Chris Comfort
Apex Properties
Buyer's Agent
Chris Comfort
Apex Properties
List Price
$995,000
Sold Price
$995,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.92%
Original Mortgage
$360,000
Interest Rate
3.48%
Mortgage Type
Seller Take Back
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sukh Maya Properties Llc | $1,260,000 | First American Title Company | |
| 2296 Nsk Llc | -- | Ticor Title San Diego | |
| 2020 Foothill Llc | $895,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sukh Maya Properties Llc | $811,000 | |
| Previous Owner | 2020 Foothill Llc | $360,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/11/2016 11/11/16 | Sold | $995,000 | 0.0% | $160 / Sq Ft |
| 09/30/2016 09/30/16 | Pending | -- | -- | -- |
| 08/27/2016 08/27/16 | For Sale | $995,000 | -- | $160 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $18,897 | $1,433,660 | $489,264 | $944,396 |
| 2024 | $18,897 | $1,405,550 | $479,671 | $925,879 |
| 2023 | $18,579 | $1,377,991 | $470,266 | $907,725 |
| 2022 | $17,456 | $1,350,973 | $461,046 | $889,927 |
| 2021 | $17,078 | $1,324,484 | $452,006 | $872,478 |
| 2019 | $17,313 | $1,285,200 | $438,600 | $846,600 |
| 2018 | $12,617 | $912,900 | $295,800 | $617,100 |
| 2017 | $12,482 | $895,000 | $290,000 | $605,000 |
| 2016 | $4,482 | $262,499 | $122,499 | $140,000 |
| 2015 | $4,336 | $258,557 | $120,659 | $137,898 |
| 2014 | $4,319 | $253,493 | $118,296 | $135,197 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Comfort
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW16705589
APN: 7208-022-001
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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