NOT LISTED FOR SALE

Estimated Value: $687,000 - $940,000

3 Beds
2 Baths
1,340 Sq Ft
$614/Sq Ft Est. Value

Last Sold April 22, 2020

Last sale price $650,000 $485 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $5,073/month

37 Days on Market

About This Home

As of April 2020

Opportunity knocks at this 2 on a lot duplex. Located in the up and coming North Long Beach area surrounded by shopping, schools, parks, and centrally located to the 405, 710, and 91 freeway for access to anywhere you want to go. First unit is a recently remodeled 2 bedroom 1 bath house with it's own private backyard and garage. Back unit is a 1 bedroom one bath with a small bonus room in the rear. This unit also boasts it's own private backyard area giving the feel of 2 separate homes on the lot. Great opportunity to live in one unit while collecting rent on the other.

Last Agent to Sell the Property

Michael Torres

On The Move Realty License #01469202 Listed on: 02/01/2020

Last Buyer's Agent

Anais Ramirez Santana

Century 21 A Better Service License #02064779

Century 21 A Better Service

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 5,868 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,340 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 24 / 11
  • Tax Tract Number 5992
  • Assessor Parcel Number 7125022013

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $960
  • Trash Expense $250
  • Water Sewer Expense $2,400
  • Operating Expense $2,610
  • Gross Income $40,800
  • Net Operating Income $37,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 2400.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7125022013
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 485.07

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 250.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5868.00
  • Lot Size Acres: 0.1347

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 40800.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 960.00
  • Lot Size Area: 5868.0000 Square Feet
  • Net Operating Income: 37200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 3600.00
  • Rent Control: No
  • Total Expenses: 2610.00

Tax Info

  • Tax Block: 11
  • Tax Census Tract: 5703.01
  • Tax Lot: 24
  • Tax Tract Number: 5992

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2020
Closed on
Mar 10, 2020
Sold by
Ortiz Luis A
Bought by
Pacheco Maria Teresa and Maria Teresa Pacheco Of Living
Seller's Agent
Michael Torres
On The Move Realty
Buyer's Agent
Anais Ramirez Santana
Century 21 A Better Service
List Price
$659,000
Sold Price
$650,000
Premium/Discount to List
-$9,000
-1.37%
Current Estimated Value
$823,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,109
Avg. Annual Appreciation
4.24%
Original Mortgage
$390,000
Outstanding Balance
$343,405
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$479,704

Purchase Details

Listed on
May 13, 2019
Closed on
Apr 24, 2019
Sold by
Venegas Juan C
Bought by
Rollson Llc
Seller's Agent
Bill Barrios
Bill Barrios, Broker
Buyer's Agent
Bill Barrios
Bill Barrios, Broker
Sold Price
$2,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.70%
Original Mortgage
$535,128
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 20, 2019
Closed on
Mar 14, 2019
Sold by
Rollson Llc
Bought by
Ortiz Luis A
Seller's Agent
Francisco Silva
Realty One Group Homelink
Buyer's Agent
Michael Torres
On The Move Realty
List Price
$545,000
Sold Price
$545,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,128
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 27, 2018
Sold by
Venega Cristina
Bought by
Venegas Juan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 6, 2018
Sold by
Fox Patricia and Ethel Underwood 2011 Trust
Bought by
Venegas Juan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 28, 2011
Sold by
Underwood Ethel M
Bought by
Underwood Ethel and Ethel Underwood 2011 Trust
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
Pacheco Maria Teresa $650,000 Orange Coast Title Company
Rollson Llc -- First American Title Company
Ortiz Luis A $545,000 First American Title Company
Venegas Juan C -- First American Title Company
Venegas Juan C $400,000 None Available
Underwood Ethel -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pacheco Maria Teresa $390,000
Previous Owner Ortiz Luis A $535,128
Previous Owner Venegas Juan C $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/22/2020 04/22/20 Sold $650,000 -1.4% $485 / Sq Ft
03/09/2020 03/09/20 Pending -- -- --
02/01/2020 02/01/20 For Sale $659,000 0.0% $492 / Sq Ft
06/03/2019 06/03/19 Rented $2,150 0.0% --
05/13/2019 05/13/19 For Rent $2,150 0.0% --
05/01/2019 05/01/19 Sold $545,000 0.0% $407 / Sq Ft View Prior Sale
03/21/2019 03/21/19 Pending -- -- --
03/20/2019 03/20/19 For Sale $545,000 -- $407 / 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 $9,133 $710,866 $355,433 $355,433
2024 $9,133 $696,928 $348,464 $348,464
2023 $8,981 $683,264 $341,632 $341,632
2022 $8,432 $669,868 $334,934 $334,934
2021 $8,268 $656,734 $328,367 $328,367
2020 $7,118 $555,900 $306,000 $249,900
2019 $5,281 $400,000 $250,000 $150,000
2018 $759 $42,819 $20,225 $22,594
2016 $694 $41,158 $19,441 $21,717
2015 $673 $40,540 $19,149 $21,391
2014 $681 $39,746 $18,774 $20,972
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20023190

California Regional Multiple Listing Service (CRMLS)

APN: 7125-022-013