T
Seller's Agent in 2020
Tim Lam
Showcase Properties
320 E Hullett St Long Beach, CA 90805
DeForest Park NeighborhoodEstimated Value: $1,297,000 - $1,597,000
9
Beds
5
Baths
4,472
Sq Ft
$327/Sq Ft
Est. Value
Highlights
- Wrought Iron Fence
- Wall Furnace
- Front Yard
- Vinyl Flooring
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 in unit
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 20, 2020
Closed on
Oct 2, 2020
Sold by
Bought by
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
$272,588
Avg. Annual Appreciation
3.74%
Original Mortgage
$891,750
Interest Rate
0.028%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 16, 2019
Closed on
Oct 23, 2019
Sold by
Bought by
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
0.037%
Purchase Details
Closed on
Sep 2, 2015
Sold by
Bought by
Purchase Details
Closed on
Oct 11, 2012
Sold by
Bought by
Purchase Details
Closed on
Apr 22, 2004
Sold by
Bought by
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
0.07%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 26, 2002
Sold by
Bought by
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
0.08%
Purchase Details
Closed on
Sep 25, 2002
Sold by
Bought by
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
0.08%
Purchase Details
Closed on
Aug 7, 2002
Sold by
Bought by
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
0.08%
Purchase Details
Closed on
Jan 14, 2000
Sold by
Bought by
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
0.0495%
Purchase Details
Closed on
Jul 7, 1999
Sold by
Bought by
Purchase Details
Closed on
Jul 2, 1999
Sold by
Bought by
Purchase Details
Closed on
Dec 30, 1998
Sold by
Bought by
Purchase Details
Closed on
Apr 6, 1998
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,189,000 | Old Republic Title Company | ||
| $989,000 | Lawyers Title Company | ||
| -- | None Available | ||
| -- | None Available | ||
| $556,500 | Fidelity National Title Co | ||
| -- | Southland Title Corporation | ||
| -- | Southland Title Corporation | ||
| $382,000 | Southland Title Corporation | ||
| $223,000 | Provident Title | ||
| -- | -- | ||
| $293,468 | Stewart Title | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $891,750 | ||
| Closed | $692,300 | ||
| Closed | $585,000 | ||
| Closed | $528,200 | ||
| Closed | $10,000 | ||
| Closed | $305,600 | ||
| Closed | $226,000 | ||
| Closed | $23,000 | ||
| Closed | $200,700 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $17,392 | $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
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR20196615
APN: 7125-031-005
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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