NOT LISTED FOR SALE

Estimated Value: $934,319

3 Beds
3 Baths
2,160 Sq Ft
$433/Sq Ft Est. Value

Last Sold July 19, 2022

Last sale price $850,000 $394 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,841/month

181 Days on Market

Highlights

  • Main Floor Bedroom
  • Lawn
  • Laundry Room
  • Spanish Architecture
  • Neighborhood Views
  • 2-minute walk to Grace Park

About This Home

As of July 2022

This mixed use property features three total units. A commercial store front that is currently operating as a Beauty/Barber Shop, with it's own office area and bathroom. Directly above the Beauty/Barber Shop is a large one bedroom apartment with a living room, bedroom, large kitchen and dining area and bathroom. Access to the upstairs apartment is from the rear of the building. The back unit is a detached single family two bedroom home with a large gated front yard. Large two car garage on premises, along with a long driveway and off street parking. Live in one unit, and collect rent from the other two!

Last Agent to Sell the Property

Donna Herman

Keller Williams Coastal Prop. License #01835954 Listed on: 12/07/2021

Keller Williams Coastal Prop.

Last Buyer's Agent

Crystal Lee

Crystal Lee, Broker License #01071948

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 5,654 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Level Lot
  • Lawn

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Driveway Level
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Spanish Architecture
  • Property Attached
  • Flat Roof Shape

Interior Spaces

  • 2,160 Sq Ft Home
  • Carpet
  • Neighborhood Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 291
  • Tax Tract Number 5134
  • Assessor Parcel Number 7131004004
  • $686 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • North Long Beach Subdivision

Building Details

  • 2 Leased Units
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $30
  • Insurance Expense $75
  • Trash Expense $100
  • Water Sewer Expense $60
  • Operating Expense $265
  • Gross Income $3,415
  • Net Operating Income $4,235

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • View: Yes
  • Water Sewer Expenses: 60.00
  • Zoning: LBCMR
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 30.00
  • Parcel Number: 7131004004
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Levels: Two
  • Price Per Square Foot: 393.52
  • Room Type: Kitchen, Main Floor Bedroom

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Flat

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Concrete, Driveway Level, Garage, Garage Faces Front, Garage - Single Door, Off Street, On Site
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Level
  • Lot Size Sq Ft: 5654.00
  • Lot Size Acres: 0.1298

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3415.00
  • Gross Scheduled Income: 4500.00
  • Insurance Expense: 75.00
  • Lot Size Area: 5654.0000 Square Feet
  • Net Operating Income: 4235.00
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 265.00
  • Rent Control: No
  • Total Actual Rent: 1915.00
  • Total Expenses: 265.00

Tax Info

  • Tax Census Tract: 5717.04
  • Tax Lot: 291
  • Tax Tract Number: 5134
  • TaxOtherAnnualAssessmentAmount: 686.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2024
Sold by
Perkins Palace Llc
Bought by
Paramo Oreyda
Current Estimated Value
$934,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Outstanding Balance
$469,370
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$464,949

Purchase Details

Closed on
May 2, 2000
Sold by
Davis Mike K
Bought by
Davis Mike K and Davis Jr Revocable Livi Mike K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Paramo Oreyda -- Lawyers Title
Davis Mike K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paramo Oreyda $475,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2022 07/19/22 Sold $850,000 0.0% $394 / Sq Ft
06/06/2022 06/06/22 Pending -- -- --
12/07/2021 12/07/21 For Sale $850,000 -- $394 / 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 $11,519 $675,000 $450,000 $225,000
2024 $11,519 $867,000 $612,000 $255,000
2023 $11,323 $850,000 $600,000 $250,000
2022 $2,122 $124,459 $64,215 $60,244
2021 $2,059 $122,019 $62,956 $59,063
2020 $2,052 $120,769 $62,311 $58,458
2019 $2,028 $118,402 $61,090 $57,312
2018 $1,883 $116,082 $59,893 $56,189
2016 $1,730 $111,576 $57,568 $54,008
2015 $1,672 $109,901 $56,704 $53,197
2014 $1,663 $107,749 $55,594 $52,155
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21260698

California Regional Multiple Listing Service (CRMLS)

APN: 7131-004-004