NOT LISTED FOR SALE

3244 E Wilton St Long Beach, CA 90804

Zaferia Neighborhood

Estimated Value: $1,397,000 - $1,919,000

12 Beds
4 Baths
4,920 Sq Ft
$339/Sq Ft Est. Value

Last Sold August 14, 2015

Last sale price $939,999 $191 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $10,095/month

50 Days on Market

Highlights

  • Ocean Side of Freeway
  • Traditional Architecture
  • Rectangular Lot
  • Woodrow Wilson High School Rated A
  • 4 Detached Carport Spaces
  • Heating System Uses Natural Gas

About This Home

As of August 2015

Excellent investment opportunity. All four units are 3 bedroom, 2 bath, approximately 1230 square feet each - a hard to find asset in the area. Similar 3 bedroom rentals command about $1800, so there is a lot of upside value. Separate electric and gas meters along with inside laundry for each unit. Four car carport. Rent stability with 3 of 4 leases on Section 8's. Roof replaced appx. 12 years ago. Convenient location near Traffic Circle and close to parks and recreation. Just minutes from Belmont Shore. Well maintained and well managed low cost structure. Zoned LBR2N.

Last Agent to Sell the Property

John Cirignani

Legacy 15 Real Estate Brokers License #01280684 Listed on: 04/24/2015

Co-Listed By

Diane Cirignani

Legacy 15 Real Estate Brokers License #01242684

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,064

Year Built

  • Built in 1972

Lot Details

  • 6,731 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Home Design

  • 4,920 Sq Ft Home
  • Traditional Architecture
  • Stucco

Kitchen

  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Disposal

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • 4 Detached Carport Spaces
  • Parking Available

Outdoor Features

  • Ocean Side of Freeway
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Heating System Uses Natural Gas
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 45
  • Assessor Parcel Number 7259004021

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,640
  • Insurance Expense $1,387
  • Maintenance Expense $5,800
  • Pest Control $375
  • Water Sewer Expense $2,118
  • New Taxes Expense $6,153
  • Gross Income $5,750
  • Net Operating Income $51,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,064

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2118.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 1640.00
  • Parcel Number: 7259004021
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 191.06

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Carport, Detached Carport
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Appliances: Electric Oven, Disposal, Gas Cooktop, Range Hood
  • Heating Type: Natural Gas
  • Pest Control Expense: 375.00
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Rectangular Lot, Lot 6500-9999
  • Lot Size Sq Ft: 6731.00
  • Price Per Lot Square Foot: 139.65
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 5750.00
  • Gross Scheduled Income: 69000.00
  • Insurance Expense: 1387.00
  • Lot Size Area: 6731.0000 Square Feet
  • Maintenance Expense: 5800.00
  • Net Operating Income: 51000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Operating Expense: 18000.00
  • Rent Control: No
  • Waterfront Features: Ocean Side of Freeway

Tax Info

  • New Taxes Expense: 6153.00
  • Tax Lot: 45
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2019
Sold by
Villagrana Israel and Villagrana Ricarda
Bought by
Villagrana Israel
Current Estimated Value
$1,667,364

Purchase Details

Listed on
Apr 24, 2015
Closed on
Jun 30, 2015
Sold by
Devillagrana Elizabeth Huerta
Bought by
Villagrana Israel
Seller's Agent
John Cirignani
Legacy 15 Real Estate Brokers
Buyer's Agent
John Cirignani
Vernazza Realty Inc
List Price
$975,000
Sold Price
$939,999
Premium/Discount to List
-$35,001
-3.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.79%
Original Mortgage
$705,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2015
Sold by
Cummaro Richard N
Bought by
Villagrana Israel and Villagrana Ricarda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2014
Sold by
Cummaro Richard N
Bought by
Cummaro Richard N and Cummaro Elizabeth A

Purchase Details

Closed on
May 10, 2007
Sold by
Cummaro Richard N and Cummaro Elizabeth A
Bought by
Cummaro Richard N

Purchase Details

Closed on
Sep 17, 2003
Sold by
Cummaro Christopher
Bought by
Cummaro Richard N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$434,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Villagrana Israel -- None Available
Villagrana Israel -- Lawyers Title Insurance Co
Villagrana Israel $940,000 Lawyers Title Insurance Co
Cummaro Richard N -- Lawyers Title
Cummaro Richard N -- None Available
Cummaro Richard N -- Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Villagrana Israel $705,000
Previous Owner Cummaro Richard N $434,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2015 08/14/15 Sold $939,999 -3.6% $191 / Sq Ft
06/13/2015 06/13/15 Pending -- -- --
04/24/2015 04/24/15 For Sale $975,000 -- $198 / 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 $15,064 $1,112,764 $591,896 $520,868
2024 $15,064 $1,090,946 $580,291 $510,655
2023 $17,893 $1,355,436 $813,995 $541,441
2022 $16,802 $1,328,860 $798,035 $530,825
2021 $16,459 $1,302,805 $782,388 $520,417
2020 $13,151 $1,017,485 $541,216 $476,269
2019 $12,999 $997,535 $530,604 $466,931
2018 $12,581 $977,976 $520,200 $457,776
2016 $11,555 $940,000 $500,000 $440,000
2015 $6,271 $497,074 $107,693 $389,381
2014 $6,245 $487,338 $105,584 $381,754
Source: Public Records

Agents Affiliated with this Home

  • John Cirignani

    Seller's Agent in 2015

    John Cirignani

    Legacy 15 Real Estate Brokers

    (949) 633-5478

    60 Total Sales

    John Cirignani
    Section Image

  • D

    Seller Co-Listing Agent in 2015

    Diane Cirignani

    Legacy 15 Real Estate Brokers

    (949) 233-3821

    94 Total Sales

    Diane Cirignani
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15087510

California Regional Multiple Listing Service (CRMLS)

APN: 7259-004-021

California Los Angeles County Long Beach 90804 Zaferia

3244 E Wilton St, Long Beach, CA

This home is located at 3244 E Wilton St, Long Beach, CA 90804 since 24 April 2015 and is currently estimated at $1,667,364, approximately $338 per square foot. This property was built in 1972. 3244 E Wilton St is a home located in Los Angeles County with nearby schools including Nieto Herrera Elementary School, Woodrow Wilson High School, and Maple Village Waldorf School.

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.

California Regional Multiple Listing Service (CRMLS) 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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