NOT LISTED FOR SALE

Estimated Value: $766,706 - $795,000

2 Beds
3 Baths
1,444 Sq Ft
$539/Sq Ft Est. Value

Last Sold May 23, 2016

Last sale price $399,000 $276 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $4,596/month

23 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Wood Flooring
  • Living Room
  • Craftsman Architecture
  • Wood Frame Window
  • ENERGY STAR Qualified Water Heater

About This Home

As of May 2016

Three unit craftsman style building in Alamitos Beach, near downtown Long Beach. This historical triplex has great curb appeal. The property has one 2 bedroom and two singles with a backyard area. Fully occupied income property. There are separate gas and electric meters. PLEASE DO NOT DISTURB TENANTS. Interior viewing only upon acceptance of buyer's offer.

Last Agent to Sell the Property

Mia Mochidome

Century 21 On Target License #01994158 Listed on: 03/22/2016

Century 21 On Target

Last Buyer's Agent

Natasha Schultheis

Coldwell Banker Realty License #01277420

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 2,503 Sq Ft Lot
  • Two or More Common Walls
  • Fence is in average condition
  • Paved or Partially Paved Lot
  • Back Yard
  • Density is up to 1 Unit/Acre

Home Design

  • Craftsman Architecture
  • Property Attached
  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 1,444 Sq Ft Home
  • Wood Frame Window
  • Living Room

Kitchen

  • Gas Oven
  • Free-Standing Range
  • Formica Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Underground Utilities
  • ENERGY STAR Qualified Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 015
  • Tax Tract Number 7272
  • Assessor Parcel Number 7272014015

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $400
  • Water Sewer Expense $1,200
  • New Taxes Expense $3,500
  • Gross Income $2,150
  • Net Operating Income $2,150

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Parcel Number: 7272014015
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Formica Counters, Unfurnished
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Price Per Square Foot: 276.32
  • Room Type: All Bedrooms Down, Living Room
  • Window Features: Wood Frames

Exterior Features

  • Foundation: Raised
  • Exterior Features: Lighting, Rain Gutters
  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Shingle

Utilities

  • Utilities: Natural Gas Available, Sewer Available, Underground Utilities, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: ENERGY STAR Qualified Water Heater, Free-Standing Range, Gas Oven, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: Back Yard, 0-1 Unit/Acre, Paved
  • Lot Size Sq Ft: 2503.00
  • Price Per Lot Square Foot: 159.41

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 2150.00
  • Gross Scheduled Income: 2600.00
  • Insurance Expense: 400.00
  • Net Operating Income: 2150.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 450.00
  • Rent Control: No
  • Total Actual Rent: 2600.00

Tax Info

  • New Taxes Expense: 3500.00
  • Tax Lot: 015
  • Tax Tract Number: 7272

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2018
Sold by
Eddy John P
Bought by
Jp Eddy Family Lp
Current Estimated Value
$778,677

Purchase Details

Closed on
Mar 29, 2018
Sold by
Eddy John P
Bought by
Eddy Max Percival

Purchase Details

Listed on
Mar 22, 2016
Closed on
Apr 7, 2016
Sold by
Youngerman Nancy
Bought by
Eddy John P
Seller's Agent
Mia Mochidome
Century 21 On Target
Buyer's Agent
Natasha Schultheis
Coldwell Banker Realty
List Price
$399,000
Sold Price
$399,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.19%
Original Mortgage
$299,250
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2008
Sold by
Youngerman Nancy V
Bought by
Youngerman Nancy and The Alpha May Draper Trust Of 1982

Purchase Details

Closed on
May 15, 2007
Sold by
Us Bank Na
Bought by
Youngerman Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 2007
Sold by
Williams Craig
Bought by
Us Bank Na and Structured Asset Securities Corp Structu

Purchase Details

Closed on
Mar 6, 2006
Sold by
Lester Elliott James
Bought by
Williams Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,500
Interest Rate
8.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 25, 2003
Sold by
Mount James A
Bought by
Lester Elliott James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.99%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Apr 5, 2002
Sold by
Mount James A
Bought by
Mount James A and Mount Joan

Purchase Details

Closed on
Jan 5, 2001
Sold by
Ahmed Mufid
Bought by
Conseco Finance Servicing Corp and Green Tree Financial Servicing Corp

Purchase Details

Closed on
Jun 30, 1999
Sold by
Tejomaya Inc
Bought by
Ahmed Mufid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
7.24%

Purchase Details

Closed on
Mar 5, 1999
Sold by
Dauk Philip L
Bought by
Tejomaya Inc

Purchase Details

Closed on
Jan 3, 1996
Sold by
Dauk Lawrence K
Bought by
Dauk Philip A
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
Jp Eddy Family Lp -- None Available
Eddy Max Percival -- None Available
Eddy John P -- None Available
Eddy John P $399,000 Ticor Title Company
Youngerman Nancy -- Accommodation
Youngerman Nancy -- Chicago Title Company
Youngerman Nancy $275,000 Chicago Title Company
Us Bank Na $524,746 --
Williams Craig $545,000 Orange Coast Title Company
Lester Elliott James $280,000 Commonwealth Title
Mount James A -- --
Conseco Finance Servicing Corp $131,785 --
Ahmed Mufid $227,500 Equity Title
Tejomaya Inc $127,500 Equity Title
Dauk Philip A -- --
Dauk Lawrence K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eddy John P $299,250
Previous Owner Youngerman Nancy $206,250
Previous Owner Williams Craig $490,500
Previous Owner Lester Elliott James $224,000
Previous Owner Ahmed Mufid $182,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2016 05/23/16 Sold $399,000 0.0% $276 / Sq Ft
04/14/2016 04/14/16 Pending -- -- --
03/22/2016 03/22/16 For Sale $399,000 -- $276 / 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 $6,291 $472,326 $331,459 $140,867
2024 $6,291 $463,065 $324,960 $138,105
2023 $6,180 $453,987 $318,589 $135,398
2022 $5,806 $445,087 $312,343 $132,744
2021 $5,684 $436,361 $306,219 $130,142
2020 $5,669 $431,888 $303,080 $128,808
2019 $5,603 $423,421 $297,138 $126,283
2018 $5,440 $415,119 $291,312 $123,807
2016 $3,925 $305,129 $216,366 $88,763
2015 $3,772 $300,546 $213,116 $87,430
2014 $3,759 $294,660 $208,942 $85,718
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS16059230

California Regional Multiple Listing Service (CRMLS)

APN: 7272-014-015