NOT LISTED FOR SALE

Estimated Value: $1,149,000 - $1,361,000

8 Beds
5 Baths
3,120 Sq Ft
$412/Sq Ft Est. Value

Last Sold December 12, 2016

Last sale price $787,000 $252 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $7,957/month

1 Day on Market

Highlights

  • Craftsman Architecture
  • Jack-and-Jill Bathroom
  • Landscaped
  • Private Yard
  • Accessible Parking
  • Wrought Iron Fence

About This Home

As of December 2016

One of the best looking properties in the revitalized Willmore Historic District, Downtown Long Beach. This property offer 4 spacious units, all with long-term month to month tenants. Large upside in rents. Newly painted exterior. Property has a front and back yard with automatic sprinklers, and parking for 4 vehicles with a locking security gate. Some remodeling has been done in the units. 323 W 9th is a 3/1 with a remodeled kitchen and bath. 355 W 9th is a smaller 2/1 with remodeled kitchen and bath. 327 W 9th is a large 1/1 with remodeled kitchen. 329 W 9th is a 2/2 with remodeled baths and original kitchen. This property is close to shopping, dining and entertainment. Easy access to bus lines and metro rail.

Last Agent to Sell the Property

Barry Knight

BMK Properties License #01874710 Listed on: 09/14/2016

Last Buyer's Agent

Koko Partamian

Johnhart Real Estate License #01714982

Johnhart Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 5,014 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Landscaped
  • Sprinkler System
  • Private Yard
  • Lawn
  • Front Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Craftsman Architecture
  • Property Attached
  • Cosmetic Repairs Needed
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,120 Sq Ft Home
  • 2-Story Property
  • Drapes & Rods
  • Blinds
  • Gas Cooktop

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Jack-and-Jill Bathroom
  • 5 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Satellite Dish
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Legal Lot and Block 3 / 11
  • Assessor Parcel Number 7272011015

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,320
  • Insurance Expense $1,201
  • Maintenance Expense $3,675
  • Professional Management Expense $3,150
  • Trash Expense $500
  • Water Sewer Expense $791
  • New Taxes Expense $9,938
  • Gross Income $52,500
  • Net Operating Income $33,159

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

5,014 Sq Ft Lot

Listing Details

  • Professional Management Expense: 3150.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Willmore District (WM)
  • View: No
  • Water Sewer Expenses: 791.00
  • Zoning: LBPD10
  • Architectural Style: Craftsman
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 7272011015
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet, Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 252.24
  • Room Type: Jack & Jill
  • Window Features: Blinds, Drapes

Exterior Features

  • Exterior Features: Satellite Dish
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Cooktop, Refrigerator, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Landscaped, Lawn, Sprinkler System, Yard
  • Lot Size Sq Ft: 5014.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 640 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Gross Income: 52500.00
  • Gross Scheduled Income: 52500.00
  • Insurance Expense: 1201.00
  • Maintenance Expense: 3675.00
  • Maintenance Percent: 7.00
  • Net Operating Income: 33159.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 18291.00
  • Rent Control: No
  • Total Actual Rent: 4375.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 9938.00
  • Tax Block: 11
  • Tax Census Tract: 5758.02
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2020
Sold by
Keshisian Armineh
Bought by
Abrahamian Dro
Current Estimated Value
$1,285,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Outstanding Balance
$653,819
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$631,634

Purchase Details

Listed on
Sep 14, 2016
Closed on
Nov 3, 2016
Sold by
Baker Edward
Bought by
Abrahamian Dro and Keshishian Armineh
Seller's Agent
Barry Knight
BMK Properties
Buyer's Agent
Koko Partamian
Johnhart Real Estate
List Price
$795,000
Sold Price
$787,000
Premium/Discount to List
-$8,000
-1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.42%
Original Mortgage
$760,733
Interest Rate
3.47%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 10, 2012
Closed on
May 18, 2012
Sold by
West Ridge Rentals Llc
Bought by
Baker Edward and Aldaraca Bridget A
Seller's Agent
Polly Watts
Shelter Club Realty, Inc.
Buyer's Agent
Barry Knight
BMK Properties
List Price
$469,900
Sold Price
$470,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.14%
Original Mortgage
$352,500
Interest Rate
3.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2011
Sold by
Charlebois Brenna
Bought by
West Ridge Rentals Llc

Purchase Details

Closed on
Jul 30, 2002
Sold by
Hud
Bought by
Charlebois Brenna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,943
Interest Rate
8.2%

Purchase Details

Closed on
Sep 26, 2001
Sold by
First Nationwide Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Sep 27, 2000
Sold by
Loera Miguel and Loera Rosa
Bought by
Sandez Leonel

Purchase Details

Closed on
Jul 20, 2000
Sold by
Youngerman Nancy
Bought by
Lorera Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,588
Interest Rate
8.2%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 6, 2000
Sold by
Mochidome Kanji William
Bought by
Youngerman Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,588
Interest Rate
8.2%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 27, 2000
Sold by
Hud
Bought by
Linares Jesus Aldaco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Interest Rate
8.08%

Purchase Details

Closed on
Dec 15, 1999
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Jun 2, 1999
Sold by
Inniss Raymond
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Sep 23, 1997
Sold by
Mccusker Daniel M
Bought by
Inniss Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,277
Interest Rate
7.05%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 28, 1995
Sold by
Hutchings Andrew S
Bought by
Mccuster Daniel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,436
Interest Rate
7.97%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 15, 1995
Sold by
Emc Mtg Corp
Bought by
Hutchings Andrew S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
9.21%

Purchase Details

Closed on
Mar 16, 1994
Sold by
Serrano Reconveyance Company
Bought by
Emc Mtg Corp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Abrahamian Dro -- North American Title Company
Abrahamian Dro $787,000 Lawyers Title
Baker Edward $470,000 Fidelity National Title Co
West Ridge Rentals Llc $335,500 Fidelity National Title Co
Charlebois Brenna $279,000 Southland Title Corporation
Hud -- --
First Nationwide Mtg Corp $314,454 Chicago Title Co
Sandez Leonel -- --
Lorera Miguel -- Southland Title
Youngerman Nancy -- Southland Title
Youngerman Nancy -- Southland Title
Linares Jesus Aldaco $166,000 --
Hud -- First American Title Ins Co
Chase Manhattan Mtg Corp $302,081 First American Title Ins Co
Inniss Raymond $298,500 --
Mccuster Daniel M $219,000 --
Hutchings Andrew S $63,000 Fidelity National Title Ins
Emc Mtg Corp $128,250 Investors Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abrahamian Dro $740,000
Previous Owner Abrahamian Dro $760,733
Previous Owner Baker Edward $352,500
Previous Owner Charlebois Brenna $264,943
Previous Owner Lorera Miguel $292,588
Previous Owner Linares Jesus Aldaco $174,000
Previous Owner Inniss Raymond $285,277
Previous Owner Mccuster Daniel M $208,436
Previous Owner Hutchings Andrew S $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/12/2016 12/12/16 Sold $787,000 -1.0% $252 / Sq Ft
09/15/2016 09/15/16 Pending -- -- --
09/14/2016 09/14/16 For Sale $795,000 +69.1% $255 / Sq Ft
06/14/2012 06/14/12 Sold $470,000 0.0% $151 / Sq Ft View Prior Sale
05/07/2012 05/07/12 Pending -- -- --
02/10/2012 02/10/12 For Sale $469,900 -- $151 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,058 $1,003,506 $674,593 $328,913
2024 $13,058 $983,830 $661,366 $322,464
2023 $12,836 $964,541 $648,399 $316,142
2022 $12,054 $945,630 $635,686 $309,944
2021 $11,807 $927,089 $623,222 $303,867
2020 $10,787 $835,169 $583,664 $251,505
2019 $10,661 $818,794 $572,220 $246,574
2018 $10,347 $802,740 $561,000 $241,740
2016 $6,361 $498,687 $350,142 $148,545
2015 $6,113 $491,197 $344,883 $146,314
2014 $6,087 $481,576 $338,128 $143,448
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16702304

California Regional Multiple Listing Service (CRMLS)

APN: 7272-011-015

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