T
Seller's Agent in 2020
Tim Lam
Showcase Properties
320 E Hullett St Long Beach, CA 90805
DeForest Park NeighborhoodEstimated Value: $1,321,000 - $1,739,000
9
Beds
5
Baths
4,472
Sq Ft
$344/Sq Ft
Est. Value
Highlights
- Laundry Room
- Vinyl Flooring
- Front Yard
- Wrought Iron Fence
- Wall Furnace
About This Home
As of November 2020Fantastic large 4-plex priced to sell. Located in a high rental neighborhood of Long Beach. Units are very spacious and consist of (1) 3br/2ba and (3) 2br/1ba with over 4100 sf of living space. Extensive renovations on select units including new cabinets, quartz countertops, bathtub, vinyl wood floors, fixtures, windows, and paint. Exterior has been completely repainted with modern make overs. Units are all individually metered for gas and electric with separate new water heaters. Tremendous rental upside with opportunity for 30% rental growth to achieve market rents. A 2br/1ba fully renovated unit on the upstairs has an opportunity for owner occupied. This will allow the next owner an opportunity to live in one unit and manage the others, or they could just lease the unit at full market rent. The rear has a gated 4 car open parking garage and each unit has their own storage rooms. There is an onsite laundry room currently not being used, which the next owner can re-open for additional income. Property is conveniently located near schools, colleges, shopping, downtown, and minutes away from the 91 freeway. This is an amazing investment opportunity you don't want to miss.
Last Agent to Sell the Property
Tim Lam
Showcase Properties License #01472734 Listed on: 09/20/2020
Last Buyer's Agent
Huok Lo
Lifetime Realty Inc License #01368263
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 5,802 Sq Ft Lot
- 1 Common Wall
- Wrought Iron Fence
- Front Yard
- Density is 2-5 Units/Acre
Home Design
- Property Attached
- Composition Roof
Interior Spaces
- 4,472 Sq Ft Home
- Living Room with Fireplace
- Electric Range
- Laundry Room
Flooring
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
- 5 Bathrooms
Utilities
- Wall Furnace
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 7 / 17
- Tax Tract Number 5992
- Assessor Parcel Number 7125031005
Community Details
Overview
- 4 Units
- North Long Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,234
- Trash Expense $1,128
- Water Sewer Expense $1,474
- New Taxes Expense $12,363
- Operating Expense $16,199
- Gross Income $78,144
- Net Operating Income $61,945
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 20, 2020
Closed on
Oct 2, 2020
Sold by
Lam Thoakim L and Lam Tim
Bought by
Lo Huok and Perles Elishea
Seller's Agent
Tim Lam
Showcase Properties
Buyer's Agent
Huok Lo
Lifetime Realty Inc
List Price
$1,189,000
Sold Price
$1,189,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$347,679
Avg. Annual Appreciation
5.18%
Original Mortgage
$891,750
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 16, 2019
Closed on
Oct 23, 2019
Sold by
Hernandez Homero and Hernandez Lupita A
Bought by
Lam Thoakim and Lam Tim
Seller's Agent
Jairo Erazo
Pacific Properties Realty Group
Buyer's Agent
Jairo Erazo
Pacific Properties Realty Group
List Price
$969,000
Sold Price
$989,000
Premium/Discount to List
$20,000
2.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.59%
Original Mortgage
$692,300
Interest Rate
3.7%
Purchase Details
Closed on
Sep 2, 2015
Sold by
Corrales Ernesto
Bought by
Hernandez Elsa and Hernandez Homero
Purchase Details
Closed on
Oct 11, 2012
Sold by
Corrales Ernesto and Hernandez Elsa
Bought by
Corrales Ernesto and Hernandez Elsa
Purchase Details
Closed on
Apr 22, 2004
Sold by
Nagvi Zakir H
Bought by
Corrales Ernest
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,200
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 26, 2002
Sold by
Dinh Kathy
Bought by
Nguyen Hung
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,600
Interest Rate
8%
Purchase Details
Closed on
Sep 25, 2002
Sold by
Akhter Nasim
Bought by
Naqvi Zakir H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,600
Interest Rate
8%
Purchase Details
Closed on
Aug 7, 2002
Sold by
Nguyen Hung
Bought by
Nagvi Zakir H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,600
Interest Rate
8%
Purchase Details
Closed on
Jan 14, 2000
Sold by
Hud
Bought by
Nguyen Hung
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,700
Interest Rate
4.95%
Purchase Details
Closed on
Jul 7, 1999
Sold by
Gmac Mtg Corp
Bought by
Hud
Purchase Details
Closed on
Jul 2, 1999
Sold by
White Latrice
Bought by
Gmac Mtg Corp and Gmac Mtg Corp Of Pa
Purchase Details
Closed on
Dec 30, 1998
Sold by
White Gerald
Bought by
Kim Jason Lee
Purchase Details
Closed on
Apr 6, 1998
Sold by
White Latrice
Bought by
White Gerald D
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 |
|---|---|---|---|
| Lo Huok | $1,189,000 | Old Republic Title Company | |
| Lam Thoakim | $989,000 | Lawyers Title Company | |
| Hernandez Elsa | -- | None Available | |
| Corrales Ernesto | -- | None Available | |
| Corrales Ernest | $556,500 | Fidelity National Title Co | |
| Nguyen Hung | -- | Southland Title Corporation | |
| Naqvi Zakir H | -- | Southland Title Corporation | |
| Nagvi Zakir H | $382,000 | Southland Title Corporation | |
| Nguyen Hung | $223,000 | Provident Title | |
| Hud | -- | -- | |
| Gmac Mtg Corp | $293,468 | Stewart Title | |
| Kim Jason Lee | -- | -- | |
| White Gerald D | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lo Huok | $891,750 | |
| Previous Owner | Lam Thoakim | $692,300 | |
| Previous Owner | Corrales Ernest | $528,200 | |
| Previous Owner | Nagvi Zakir H | $305,600 | |
| Previous Owner | Nguyen Hung | $200,700 | |
| Closed | Nagvi Zakir H | $76,400 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/30/2020 11/30/20 | Sold | $1,189,000 | 0.0% | $266 / Sq Ft | |
| 09/22/2020 09/22/20 | Pending | -- | -- | -- | |
| 09/20/2020 09/20/20 | For Sale | $1,189,000 | +20.2% | $266 / Sq Ft | |
| 11/02/2019 11/02/19 | Sold | $989,000 | +2.1% | $221 / Sq Ft | View Prior Sale |
| 09/26/2019 09/26/19 | Pending | -- | -- | -- | |
| 09/16/2019 09/16/19 | For Sale | $969,000 | -- | $217 / 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 | $16,638 | $1,287,010 | $421,065 | $865,945 |
| 2024 | $16,638 | $1,261,775 | $412,809 | $848,966 |
| 2023 | $16,360 | $1,237,035 | $404,715 | $832,320 |
| 2022 | $15,363 | $1,212,780 | $396,780 | $816,000 |
| 2021 | $15,048 | $1,189,000 | $389,000 | $800,000 |
| 2020 | $12,753 | $989,000 | $300,000 | $689,000 |
| 2019 | $10,497 | $795,357 | $228,985 | $566,372 |
| 2018 | $10,155 | $779,763 | $224,496 | $555,267 |
| 2016 | $9,326 | $749,486 | $215,780 | $533,706 |
| 2015 | $8,059 | $658,334 | $243,694 | $414,640 |
| 2014 | $8,016 | $645,439 | $238,921 | $406,518 |
Source: Public Records
Agents Affiliated with this Home
-
-
H
Buyer's Agent in 2020
Huok Lo
Lifetime Realty Inc
-
Jairo Erazo
J
Seller's Agent in 2019
Jairo Erazo
Pacific Properties Realty Group
(310) 746-5400
14 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR20196615
APN: 7125-031-005
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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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