NOT LISTED FOR SALE

Estimated Value: $1,200,666 - $1,344,000

8 Beds
6 Baths
3,761 Sq Ft
$335/Sq Ft Est. Value

Last Sold November 01, 2022

Last sale price $1,065,000 $283 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $7,646/month

66 Days on Market

Highlights

  • 0.09 Acre Lot
  • Central Heating and Cooling System
  • Level Lot
  • Laundry Room
  • 4 Car Garage
  • 4-minute walk to Cesar E Chavez Park

About This Home

As of November 2022

Huge price reduction. Drive By or Walk By ONLY. DO NOT DISTURB TENANTS. Address is 325 - 325 1/2 Daisy. 325 Daisy is behind 331 Daisy. No Sign on property. Duplex and each unit is a 4 bedroom, 3 bathroom with an in-unit laundry, an attached double garage and a small yard off the living room. This duplex was built in 2017. All offers are subject to inspection. Seller's Choice of Services. Seller may be doing a 1031 Exchange which will not hold up close of escrow. 5% Down Payment loan with no PMI is available to qualified buyers through the Community Reinvestment Act called American Dream if the Buyer occupies one of the two units and owns no other properties.

Last Agent to Sell the Property

Richard Gaylord

Re/Max R. E. Specialists License #00680197 Listed on: 07/29/2022

Re/Max R. E. Specialists

Last Buyer's Agent

Kris Thuvamontolrat

Buckingham Investments, Inc License #02009069

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2017

Lot Details

  • 3,761 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • 3,761 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 13 / 137
  • Assessor Parcel Number 7278022136

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Downtown Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Other Expense $8,196
  • Operating Expense $8,196
  • Gross Income $70,993
  • Net Operating Income $62,796

Property Details

Home Type

Multi-Family

Year Built

Built in 2017

Lot Details

3,761 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Downtown (DT)
  • Zoning: LBPD30
  • Property Type: Residential Income
  • Parcel Number: 7278022136
  • Year Built: 2017
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 283.17

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 3761.00
  • Lot Size Acres: 0.0863

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average3 Bed Area: 1733 Square Feet
  • Gross Income: 70993.00
  • Gross Scheduled Income: 70183.00
  • Lot Size Area: 3761.0000 Square Feet
  • Net Operating Income: 62796.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 8196.00
  • Other Expense: 8196.00
  • Other Expense Description: provided
  • Rent Control: No
  • Total Actual Rent: 6190.00
  • Total Expenses: 8196.00

Tax Info

  • Tax Block: 137
  • Tax Census Tract: 5759.01
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2022
Closed on
Oct 4, 2022
Sold by
Claire E Nelson 2015 Trust
Bought by
Thuvamontolrat Kris and Thuvamontolrat Kelly Yanping
Seller's Agent
Richard Gaylord
Re/Max R. E. Specialists
Buyer's Agent
Kris Thuvamontolrat
Buckingham Investments, Inc
List Price
$1,250,000
Sold Price
$1,065,000
Premium/Discount to List
-$185,000
-14.8%
Views
23
Current Estimated Value
$1,260,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,417
Avg. Annual Appreciation
5.19%
Original Mortgage
$745,500
Outstanding Balance
$717,290
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$543,127

Purchase Details

Closed on
Jul 10, 2017
Sold by
Alamitos Bay Partners Llc
Bought by
Nelson Claire E and Claire E Nelson 2015 Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2016
Sold by
Urban Pacific Multi Housing Llc
Bought by
Alamitos Bay Partners Llc

Purchase Details

Closed on
Mar 1, 2016
Sold by
The City Of Long Beach
Bought by
Urban Pacific Multi Housing Llc

Purchase Details

Closed on
Mar 8, 2011
Sold by
The Redevelopment Agency Of The City Of
Bought by
City Of Long Beach
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Thuvamontolrat Kris $1,065,000 Fidelity National Title
Nelson Claire E $810,000 Ticor Title
Alamitos Bay Partners Llc -- None Available
Urban Pacific Multi Housing Llc $90,000 Ticor Title Company Of Ca
Urban Pacific Multi Housing Llc -- Ticor Title Company Of Ca
City Of Long Beach -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thuvamontolrat Kris $745,500
Previous Owner Nelson Claire E $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2022 11/01/22 Sold $1,065,000 -9.4% $283 / Sq Ft
10/03/2022 10/03/22 Pending -- -- --
09/06/2022 09/06/22 Price Changed $1,175,000 -6.0% $312 / Sq Ft
07/29/2022 07/29/22 For Sale $1,250,000 0.0% $332 / Sq Ft
12/04/2018 12/04/18 Rented $2,995 0.0% --
11/29/2018 11/29/18 Under Contract -- -- --
11/16/2018 11/16/18 For Rent $2,995 0.0% --
01/24/2018 01/24/18 Rented $2,995 0.0% --
12/14/2017 12/14/17 Price Changed $2,995 0.0% $2 / Sq Ft
11/20/2017 11/20/17 Sold $810,000 0.0% $215 / Sq Ft View Prior Sale
11/20/2017 11/20/17 Pending -- -- --
11/20/2017 11/20/17 For Sale $810,000 0.0% $215 / Sq Ft
10/16/2017 10/16/17 For Rent $3,200 -- --
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 $14,064 $1,108,026 $691,866 $416,160
2024 $14,064 $1,086,300 $678,300 $408,000
2023 $13,832 $1,065,000 $665,000 $400,000
2022 $10,893 $868,481 $611,154 $257,327
2021 $10,670 $851,453 $599,171 $252,282
2019 $10,518 $826,200 $581,400 $244,800
2018 $9,798 $810,000 $570,000 $240,000
2017 $1,381 $112,200 $112,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22163815

California Regional Multiple Listing Service (CRMLS)

APN: 7278-022-136

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