Seller's Agent in 2013
Ed Kaminsky
eXp Realty of California, Inc
(310) 465-3993
504 Total Sales
316 W 12th St Long Beach, CA 90813
Willmore NeighborhoodEstimated Value: $742,000 - $1,094,000
4
Beds
4
Baths
1,944
Sq Ft
$475/Sq Ft
Est. Value
Highlights
- Craftsman Architecture
- Neighborhood Views
- Living Room
- Wood Flooring
- French Mullion Window
- Card or Code Access
About This Home
As of April 2013Multi-family investment property in Alamitos Beach neighborhood, downtown Long Beach. Charming Craftsman style 4 unit quadruplex building. Live in one and rent the other units. Each apartment comprises 1 bedroom and 1 bathroom. There are two buildings in a U-shape with a common brick courtyard patio perfect for entertaining in the summer. Building 1 of 2 is 1024 SQ FT and building 2 of 2 is 920 SQ FT for at total of 1944 SQ FT of living space on a 3496 SQ FT lot. Some renovations are happening in the one vacant unit. This historic part of downtown Long Beach is known for its vibrant night life. The neighborhood was laid out in the 1920's and many buildings date back to that era. This building is part of the historic district and the present owners have restored many details to their original condition. The property features a new roof, new wall heaters, electrical panels, wiring and plumbing in the units. The outside was recently painted and the colors were specifically chosen as they meet the requirements of the historical society. The exterior doors were replaced and security doors were added. Don't miss out on the opportunity to own an investment property at this price.
Last Agent to Sell the Property
eXp Realty of California, Inc License #00958114 Listed on: 04/10/2013
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1921 | Remodeled
Lot Details
- 3,496 Sq Ft Lot
- Lot Dimensions are 50x70
- Property fronts an alley
- Two or More Common Walls
- Southwest Facing Home
- Security Fence
- Partially Fenced Property
- Fence is in good condition
- Paved or Partially Paved Lot
- Level Lot
Home Design
- Craftsman Architecture
- Property Attached
- Frame Construction
- Composition Roof
Interior Spaces
- 1,944 Sq Ft Home
- 1-Story Property
- French Mullion Window
- Living Room
- Neighborhood Views
- Laundry Room
Kitchen
- Gas Range
- Free-Standing Range
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Parking
- Parking Available
- Unassigned Parking
Utilities
- Wall Furnace
- Gas Water Heater
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, trash collection
- Legal Lot and Block 1 / 3
- Tax Tract Number 5758
- Assessor Parcel Number 7272006002
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $600
- Insurance Expense $1,120
- Water Sewer Expense $840
- Gross Income $3,000
- Net Operating Income $31,320
Additional Features
- Laundry Facilities
- Card or Code Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 26, 2017
Sold by
Murcia Sylvia
Bought by
Murcia Sylvia A and The Sylvia A Murcia Revocable
Current Estimated Value
Purchase Details
Listed on
Apr 10, 2013
Closed on
Mar 21, 2013
Sold by
Goldstein Kenneth M and Goldstein Leslie K
Bought by
Murcia Sylvia
Seller's Agent
Ed Kaminsky
eXp Realty of California, Inc
Buyer's Agent
Irma Rendon
MASTERS REALTY
List Price
$409,000
Sold Price
$425,000
Premium/Discount to List
$16,000
3.91%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.30%
Original Mortgage
$318,750
Outstanding Balance
$224,627
Interest Rate
3.51%
Mortgage Type
New Conventional
Estimated Equity
$699,160
Purchase Details
Closed on
May 15, 2008
Sold by
Grant Marilynn and Johnson Perry
Bought by
Goldstein Kenneth M and Goldstein Leslie K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,350
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Murcia Sylvia A | -- | None Available | |
| Murcia Sylvia | $425,000 | Fidelity National Title Co | |
| Goldstein Kenneth M | $360,500 | First American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Murcia Sylvia | $318,750 | |
| Previous Owner | Goldstein Kenneth M | $252,350 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/23/2013 04/23/13 | Sold | $425,000 | +3.9% | $219 / Sq Ft |
| 03/13/2013 03/13/13 | Pending | -- | -- | -- |
| 03/08/2013 03/08/13 | For Sale | $409,000 | -- | $210 / 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 | $7,105 | $523,345 | $369,423 | $153,922 |
| 2024 | $7,105 | $513,084 | $362,180 | $150,904 |
| 2023 | $6,979 | $503,025 | $355,079 | $147,946 |
| 2022 | $6,560 | $493,163 | $348,117 | $145,046 |
| 2021 | $6,418 | $483,494 | $341,292 | $142,202 |
| 2019 | $6,327 | $469,155 | $331,170 | $137,985 |
| 2018 | $6,128 | $459,957 | $324,677 | $135,280 |
| 2016 | $5,643 | $442,098 | $312,070 | $130,028 |
| 2015 | $5,423 | $435,458 | $307,383 | $128,075 |
| 2014 | $5,402 | $426,929 | $301,362 | $125,567 |
Source: Public Records
Agents Affiliated with this Home
-
Ed Kaminsky
-
Amir Shain
Seller Co-Listing Agent in 2013
Amir Shain
Alexander Lux Properties Inc.
(323) 381-0657
22 Total Sales
-
Irma Rendon
I
Buyer's Agent in 2013
Irma Rendon
MASTERS REALTY
(626) 584-0048
3 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB13039939
APN: 7272-006-002
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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