Seller's Agent in 2016
Kristina Moore
The Moore Group
(714) 809-7608
27 Total Sales
3315 E 2nd St Long Beach, CA 90803
Bluff Park NeighborhoodEstimated Value: $1,933,000 - $2,897,000
7
Beds
7
Baths
4,087
Sq Ft
$592/Sq Ft
Est. Value
About This Home
As of November 2016HIGHLY SOUGHT AFTER 4PLEX IN PRIME BELMONT HEIGHTS LOCATION WITH A COVETED 2ND STREET ADDRESS. All 4 units are large Sq. Ft. with open floor plans featuring walk-in closets and large bedrooms. Built in 1958, The property consists of 1- 1bed/1 bath rented for $1330 with a carport, 1- owners unit 2bed/2bath rented for $2150 with 1 garage, dining room, inside laundry room and 2nd living room. The other 2 units are both 2 bed/2bath that have been completely rehabbed with new bathrooms, new kitchen including granite counter tops! The property is in pristine condition with no deferred maintenance. Total of 3 garages and 1 carport. Onsite laundry room brings additional income. Owner pays water only. Tenants pay for all other utilities. Rents are extremely low with tons of room to raise up to market price. PRICED TO SELL BASED ON PRO-FORMA RENTS AT A 3.5CAP AND 18 X GROSS. Trophy properties like this one do not come on the market often, hurry this property will not last long!
Last Agent to Sell the Property
The Moore Group License #01926377 Listed on: 09/21/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,275
Year Built
- Built in 1958
Lot Details
- 5,294 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 3 Car Garage
- 1 Carport Space
- Parking Available
- Assigned Parking
Home Design
- 4,087 Sq Ft Home
- Quadruplex
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Tax Lot 9
- Tax Tract Number 1853
- Assessor Parcel Number 7264003016
Community Details
Overview
- 4 Units
Building Details
- 2 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $41,760
- Net Operating Income $28,397
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 21, 2016
Closed on
Dec 6, 2016
Sold by
Gerber Selwyn
Bought by
3315 East 2Nd Street Llc
Seller's Agent
Kristina Moore
The Moore Group
Buyer's Agent
Kristina Moore
The Moore Group
List Price
$1,599,000
Sold Price
$1,575,000
Premium/Discount to List
-$24,000
-1.5%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$833,449
Avg. Annual Appreciation
4.79%
Purchase Details
Listed on
Sep 21, 2016
Closed on
Sep 22, 2016
Sold by
Iannotti Giuliano
Bought by
Gerber Selwyn
Seller's Agent
Kristina Moore
The Moore Group
Buyer's Agent
Kristina Moore
The Moore Group
List Price
$1,599,000
Sold Price
$1,575,000
Premium/Discount to List
-$24,000
-1.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,550,000
Interest Rate
3.42%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 12, 2011
Sold by
Bozanich Chere and The Evans Family Declaration O
Bought by
Iannotti Giuliano and Contreras Eliazar
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
4.53%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 3315 East 2Nd Street Llc | -- | None Available | |
| Gerber Selwyn | $1,575,000 | North American Title Company | |
| Gerber Selwyn | -- | North American Title Company | |
| Iannotti Giuliano | $1,100,000 | Lawyers Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Gerber Selwyn | $1,550,000 | |
| Previous Owner | Iannotti Giuliano | $340,000 | |
| Previous Owner | Iannotti Giuliano | $350,000 | |
| Previous Owner | Bozanich Chere | $75,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/18/2016 11/18/16 | Sold | $1,575,000 | -1.5% | $385 / Sq Ft |
| 09/23/2016 09/23/16 | Pending | -- | -- | -- |
| 09/21/2016 09/21/16 | For Sale | $1,599,000 | -- | $391 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $23,275 | $1,827,917 | $1,276,642 | $551,275 |
| 2024 | $23,275 | $1,792,076 | $1,251,610 | $540,466 |
| 2023 | $22,884 | $1,756,938 | $1,227,069 | $529,869 |
| 2022 | $21,474 | $1,722,489 | $1,203,009 | $519,480 |
| 2021 | $21,047 | $1,688,716 | $1,179,421 | $509,295 |
| 2020 | $20,993 | $1,671,401 | $1,167,328 | $504,073 |
| 2019 | $20,746 | $1,638,630 | $1,144,440 | $494,190 |
| 2018 | $20,209 | $1,606,500 | $1,122,000 | $484,500 |
| 2016 | $14,231 | $1,167,142 | $716,201 | $450,941 |
| 2015 | $13,660 | $1,149,611 | $705,443 | $444,168 |
| 2014 | $13,565 | $1,127,093 | $691,625 | $435,468 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16707063
APN: 7264-003-016
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