NOT LISTED FOR SALE

Estimated Value: $1,338,000 - $1,564,000

5 Beds
2 Baths
5,175 Sq Ft
$286/Sq Ft Est. Value

Last Sold July 14, 2014

Last sale price $582,000 $112 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $9,008/month

38 Days on Market

About This Home

As of July 2014

Super Fixer in a great rental area. All financial information is based upon Pro Forma Rent projections

Last Agent to Sell the Property

Steve Warshauer

Coldwell Banker Commercial License #00499477 Listed on: 05/02/2014

Coldwell Banker Commercial

Last Buyer's Agent

Thomas Dao

Superior Real Estate Group License #00958467

Superior Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 5,985 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 5,175 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms
  • Fireplace in Bathroom

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 2
  • Tax Tract Number 28449
  • Assessor Parcel Number 7121009045

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Water Meters
  • Gardener Expense $600
  • Insurance Expense $1,800
  • Maintenance Expense $2,790
  • Pest Control $1,200
  • Supplies Expense $1,986
  • Trash Expense $900
  • Water Sewer Expense $1,750
  • New Taxes Expense $7,188
  • Gross Income $4,650
  • Net Operating Income $34,596

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • CapRate: 6.02
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Supplies Expense: 1986.00
  • Water Sewer Expenses: 1750.00
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7121009045
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Bath
  • Levels: Two
  • Price Per Square Foot: 112.46

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Utilities: Sewer Available, Water Available
  • Pest Control Expense: 1200.00
  • Trash Expense: 900.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 5985.00
  • Lot Size Acres: 0.1370

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 4650.00
  • Gross Multiplier: 10.31
  • Gross Scheduled Income: 55800.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 5985.0000 Square Feet
  • Maintenance Expense: 2790.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 34596.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Number With Patio: 4
  • Operating Expense: 18414.00
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 7188.00
  • Tax Area: 7215
  • Tax Lot: 2
  • Tax Tract Number: 28449
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2020
Sold by
Jnyu Llc
Bought by
Yu Jae Yon and Shin Boaz
Current Estimated Value
$1,479,575

Purchase Details

Closed on
Sep 12, 2019
Sold by
Vannguyen Hon Van and Congton Kimehi
Bought by
Jnyc Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$757,500
Interest Rate
3.6%

Purchase Details

Closed on
Apr 1, 2015
Sold by
Nguyen Tuan Ngoc Hoang
Bought by
Nguyen Tuan Ngoc Hoang and Tnh Nguyen Trust

Purchase Details

Closed on
Jan 14, 2015
Sold by
Vannguyen Hoa Van and Congton Kimchi
Bought by
Vannguyen Hoa Van and Congton Kimchi

Purchase Details

Listed on
May 2, 2014
Closed on
Jun 23, 2014
Sold by
The Long Beach Community Investment Comp
Bought by
Nguyen Tuan Ngoc Hoang and Van Nguyen Hoa
Seller's Agent
Steve Warshauer
Coldwell Banker Commercial
Buyer's Agent
Thomas Dao
Superior Real Estate Group
List Price
$575,000
Sold Price
$582,000
Premium/Discount to List
$7,000
1.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.42%

Purchase Details

Closed on
Jul 3, 2007
Sold by
The Redevelopment Agency Of The City Of
Bought by
The Long Beach Housing Development Co

Purchase Details

Closed on
Aug 5, 2002
Sold by
Tung Hsin Wen and Tung Lin Li
Bought by
Redevelopment Agency 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
Yu Jae Yon -- Accommodation
Jnyc Llc $1,010,000 Lawyers Title
Nguyen Tuan Ngoc Hoang -- None Available
The Nguyen Congton Trust -- None Available
Vannguyen Hoa Van -- None Available
Nguyen Tuan Ngoc Hoang $582,000 Ticor Title
The Long Beach Housing Development Co -- Chicago Title Co
Redevelopment Agency City Of Long Beach -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jnyc Llc $757,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2014 07/14/14 Sold $582,000 +1.2% $112 / Sq Ft
06/09/2014 06/09/14 Pending -- -- --
05/02/2014 05/02/14 For Sale $575,000 -- $111 / Sq Ft
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 $15,799 $1,244,795 $378,850 $865,945
2024 $15,799 $1,220,388 $371,422 $848,966
2023 $15,492 $1,196,460 $364,140 $832,320
2022 $15,067 $1,173,000 $357,000 $816,000
2021 $14,691 $1,150,000 $350,000 $800,000
2020 $12,842 $1,010,000 $300,000 $710,000
2019 $9,040 $639,752 $217,416 $422,336
2018 $8,408 $627,208 $213,153 $414,055
2016 $7,514 $602,855 $204,877 $397,978
2015 $6,956 $582,000 $202,000 $380,000
2014 -- $900,061 $283,947 $616,114
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14092207

California Regional Multiple Listing Service (CRMLS)

APN: 7121-009-045