NOT LISTED FOR SALE

Estimated Value: $738,000 - $885,000

2 Beds
1 Bath
1,741 Sq Ft
$467/Sq Ft Est. Value

Last Sold July 24, 2020

Last sale price $595,000 $342 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,953/month

37 Days on Market

About This Home

As of July 2020

327 East Eleanor Lane consists of two 870-square foot two-bedroom/one-bath homes in Long Beach, California. The property is located in a residential neighborhood of North Long Beach proximate to the 710 and 91 freeways.

One home faces 68th Way and has a private backyard and a single-car garage with laundry hookups, and the other home faces Eleanor Lane, offers one carport parking space, a large front yard, and laundry hookups. The homes are separately metered for all utilities.

The homes feature new vinyl wood flooring, the exteriors were repainted two and five years ago, and both roofs were replaced 10 years ago. Additionally, the home facing 68th Way just received a new security door.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 05/06/2020

Co-Listed By

David O'Keefe

Marcus & Millichap License #01928739

Last Buyer's Agent

James Lee

EXP REALTY OF CALIFORNIA INC License #01862975

EXP REALTY OF CALIFORNIA INC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 5,384 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 1 Car Garage
  • 1 Carport Space

Home Design

  • 1,741 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 12075
  • Assessor Parcel Number 7303006043

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Operating Expense $11,905
  • Gross Income $34,200
  • Net Operating Income $20,585

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

1

Listing Details

  • CapRate: 3.49
  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7303006043
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 341.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 5384.00
  • Lot Size Acres: 0.1236

Multi Family

  • Gross Income: 34200.00
  • Gross Multiplier: 17.25
  • Gross Scheduled Income: 34200.00
  • Lot Size Area: 5384.0000 Square Feet
  • Net Operating Income: 20585.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 11905.00
  • Rent Control: No
  • Total Expenses: 11905.00

Tax Info

  • Tax Census Tract: 5704.04
  • Tax Lot: 15
  • Tax Tract Number: 12075

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2020
Closed on
Jul 6, 2020
Sold by
Malecki Annette and The Malecki Living Trust
Bought by
Garcia Amber
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
James Lee
EXP REALTY OF CALIFORNIA INC
List Price
$590,000
Sold Price
$595,000
Premium/Discount to List
$5,000
0.85%
Current Estimated Value
$812,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,766
Avg. Annual Appreciation
5.93%
Original Mortgage
$584,223
Outstanding Balance
$519,012
Interest Rate
3.2%
Mortgage Type
FHA
Estimated Equity
$293,754

Purchase Details

Closed on
Feb 23, 2007
Sold by
Malecki Annette
Bought by
Malecki Annette and The Annette Malecki Living Tru

Purchase Details

Closed on
Apr 14, 2005
Sold by
Guerrero Alfonso and Guerrero Dolores M
Bought by
Malecki Annette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,920
Interest Rate
1%
Mortgage Type
Negative Amortization
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Garcia Amber $595,000 Provident Title Company
Malecki Annette -- Accommodation
Malecki Annette $400,000 --
Malecki Annette -- Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Amber $584,223
Previous Owner Malecki Annette $319,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2020 07/24/20 Sold $595,000 +0.8% $342 / Sq Ft
06/12/2020 06/12/20 Pending -- -- --
05/06/2020 05/06/20 For Sale $590,000 -- $339 / 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 $8,335 $644,046 $324,729 $319,317
2024 $8,335 $631,418 $318,362 $313,056
2023 $8,204 $619,038 $312,120 $306,918
2022 $7,712 $606,900 $306,000 $300,900
2021 $7,566 $595,000 $300,000 $295,000
2020 $6,595 $509,685 $331,380 $178,305
2019 $6,517 $499,692 $324,883 $174,809
2018 $6,287 $489,895 $318,513 $171,382
2016 $5,780 $470,874 $306,146 $164,728
2015 $5,547 $463,802 $301,548 $162,254
2014 $5,510 $454,718 $295,642 $159,076
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20080856

California Regional Multiple Listing Service (CRMLS)

APN: 7303-006-043