NOT LISTED FOR SALE

318 E Home St Long Beach, CA 90805

Addams Neighborhood

Estimated Value: $871,000 - $1,025,000

6 Beds
4 Baths
2,720 Sq Ft
$339/Sq Ft Est. Value

Last Sold August 01, 2014

Last sale price $460,000 $169 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $5,429/month

13 Days on Market

About This Home

As of August 2014

Two Storey Townhouse Style Units. Both Are Three Bedrooms With 2 Bathrooms. Unit 318 has remodeled kitchen & bathrooms, new carpet AND A 2 car garage. Unit 320 is in good condition and has remodeled bathrooms and a one car garage. Each Unit Is Approx. 1400 Sq Ft.
DRIVE BY ONLY Subject To Interior Inspection.

Last Agent to Sell the Property

Ken Morrison

Cambree Realty Advisors License #00888072 Listed on: 05/27/2014

Last Buyer's Agent

Kenneth Morrow

Sonja Johnson License #01464219

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 4,487 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • 2,720 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 1819
  • Tax Tract Number 7131
  • Assessor Parcel Number 7131036003

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $650
  • Water Sewer Expense $1,440
  • New Taxes Expense $5,625
  • Gross Income $3,050
  • Net Operating Income $31,325

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1440.00
  • Property Type: Residential Income
  • Parcel Number: 7131036003
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 169.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Concrete, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Storm Drains, Urban

Lot Info

  • Lot Features: Level with Street
  • Lot Size Sq Ft: 4487.00
  • Lot Size Acres: 0.1030

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 3050.00
  • Gross Scheduled Income: 36600.00
  • Insurance Expense: 650.00
  • Lot Size Area: 4487.0000 Square Feet
  • Net Operating Income: 31325.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5275.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5625.00
  • Tax Lot: 1819
  • Tax Tract Number: 7131
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2020
Sold by
Taing Rodney and Lee Kich
Bought by
Lts Property Llc
Current Estimated Value
$923,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,050
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2020
Sold by
Taing Rodney S and Lee Kich
Bought by
Lts Property Llc

Purchase Details

Closed on
Jun 14, 2018
Sold by
Taing Rodney S
Bought by
Taing Rodney S and Lee Kich L

Purchase Details

Listed on
May 27, 2014
Closed on
Jul 23, 2014
Sold by
Dees Patricia Ann
Bought by
Taing Rodney and Lee Kich L
Seller's Agent
Ken Morrison
Cambree Realty Advisors
Buyer's Agent
Ken Morrison
Cambree Realty Advisors
List Price
$450,000
Sold Price
$460,000
Premium/Discount to List
$10,000
2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$322,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2005
Sold by
Dees Patricia
Bought by
Dees Patricia and Patricia Ann Person Dees Revocable Livin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
5.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2003
Sold by
Dees Patricia
Bought by
Dees Patricia and Patricia Ann Person Dees Revocable Livin

Purchase Details

Closed on
Nov 9, 2002
Sold by
Dees Patricia Ann
Bought by
Dees Patricia Ann and Patricia Ann Person Dees Revocable Livin

Purchase Details

Closed on
Nov 21, 2000
Sold by
Chinedum Uchemefuna
Bought by
Dees Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,700
Interest Rate
7.71%

Purchase Details

Closed on
Feb 3, 1995
Sold by
Trower Bridget
Bought by
Chinedum Uchemefuna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,300
Interest Rate
9.03%

Purchase Details

Closed on
Jan 3, 1995
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Chinedum Uchemefuna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,300
Interest Rate
9.03%

Purchase Details

Closed on
Apr 20, 1994
Sold by
Title Trust Deed Service Company
Bought by
Federal Home Loan Mortgage Corporation
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
Lts Property Llc -- Ticor Title
Taing Rodney -- Ticor Title
Lts Property Llc -- None Available
Taing Rodney S -- None Available
Taing Rodney $460,000 Lawyers Title
Dees Patricia -- Equity Title Company
Dees Patricia -- Equity Title Company
Dees Patricia -- --
Dees Patricia Ann -- --
Dees Patricia $209,000 North American Title Co
Chinedum Uchemefuna -- First American Title
Chinedum Uchemefuna $157,000 First American Title
Federal Home Loan Mortgage Corporation $180,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taing Rodney $286,050
Previous Owner Taing Rodney $322,000
Previous Owner Dees Patricia $308,000
Previous Owner Dees Patricia $191,700
Previous Owner Chinedum Uchemefuna $141,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2014 08/01/14 Sold $460,000 +2.2% $169 / Sq Ft
06/09/2014 06/09/14 Pending -- -- --
05/27/2014 05/27/14 For Sale $450,000 -- $165 / 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 $7,278 $552,842 $192,291 $360,551
2024 $7,278 $542,003 $188,521 $353,482
2023 $7,157 $531,376 $184,825 $346,551
2022 $6,726 $520,957 $181,201 $339,756
2021 $6,583 $510,744 $177,649 $333,095
2020 $6,565 $505,508 $175,828 $329,680
2019 $6,490 $495,597 $172,381 $323,216
2018 $6,265 $485,880 $169,001 $316,879
2016 $5,751 $467,015 $162,440 $304,575
2015 $5,523 $460,000 $160,000 $300,000
2014 $3,282 $256,894 $86,039 $170,855
Source: Public Records

Agents Affiliated with this Home

  • Ken Morrison

    Seller's Agent in 2014

    Ken Morrison

    Cambree Realty Advisors

    (310) 345-7096

    23 Total Sales

    Ken Morrison
    Section Image

  • K

    Buyer's Agent in 2014

    Kenneth Morrow

    Sonja Johnson

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14110137

California Regional Multiple Listing Service (CRMLS)

APN: 7131-036-003

California Los Angeles County Long Beach 90805 Addams

318 E Home St, Long Beach, CA

Not Listed for Sale

MultiFamily

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