NOT LISTED FOR SALE

Estimated Value: $1,187,000 - $1,293,420

8 Beds
4 Baths
3,372 Sq Ft
$364/Sq Ft Est. Value

Last Sold December 02, 2015

Last sale price $640,000 $190 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $7,241/month

89 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Laundry Room

About This Home

As of December 2015

Great Investment Opportunity near Downtown Long Beach. The Units are all 2 Bedroom 1 Bath. Each has its own laundry room as well as separate Gas and Electric meters. Currently rented below market and with a little TLC rents could be raised. Located right in the heart of one of the most rapidly developing urban areas of Southern California. Just blocks away from the Civic Center Redevelopment that is currently in progress and a short walk to the beautiful Shoreline Village.

Last Agent to Sell the Property

Brian Brooke

eXp Realty of California Inc License #01385336 Listed on: 07/14/2015

eXp Realty of California Inc

Co-Listed By

Emily Brooke

eXp Realty of California Inc License #01430347

Last Buyer's Agent

Shawn Mohler

The Mohler Real Estate Group License #01910887

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 2,598 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 3,372 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 1
  • Tax Tract Number 5758
  • Assessor Parcel Number 7272014001

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $4,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Property Type: Residential Income
  • Parcel Number: 7272014001
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 189.80

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Inside, Individual Room
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 2598.00
  • Price Per Lot Square Foot: 246.34
  • Lot Size Acres: 0.0600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Gross Income: 4400.00
  • Gross Scheduled Income: 52800.00
  • Lot Size Area: 2598.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Rent Control: No
  • Total Actual Rent: 4400.00

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 5758

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2022
Sold by
Wallens Donald E and Wallens Sharon
Bought by
Wallens-Sindell Family Trust
Current Estimated Value
$1,226,105

Purchase Details

Listed on
Jul 14, 2015
Closed on
Oct 13, 2015
Sold by
Bodenheim Properties Llc
Bought by
Wallens Donald and Sindell Sharon
Seller's Agent
Brian Brooke
eXp Realty of California Inc
Buyer's Agent
Shawn Mohler
The Mohler Real Estate Group
List Price
$689,000
Sold Price
$640,000
Premium/Discount to List
-$49,000
-7.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.65%
Original Mortgage
$480,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2007
Sold by
Phillip Lee
Bought by
Bodenheim Properties Llc

Purchase Details

Closed on
Oct 11, 2005
Sold by
Phillips Lee E
Bought by
Meller Richard and Phillips Lee E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2004
Sold by
Meller Richard E H
Bought by
Phillips Lee E

Purchase Details

Closed on
Jun 14, 2004
Sold by
K P Investments Inc
Bought by
Phillips Lee E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 6, 2003
Sold by
Kroes Margaret L
Bought by
Kroes Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 18, 2003
Sold by
Santiago Alexander N
Bought by
Kroes Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 2001
Sold by
Santiago Alexander
Bought by
Santiago Alexander N and Santiago Maria Elena E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,382
Interest Rate
7.14%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 30, 1998
Sold by
Lone Star Investments Inc
Bought by
Santiago Alexander N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,062
Interest Rate
6.63%
Mortgage Type
FHA

Purchase Details

Closed on
May 28, 1998
Sold by
Llanes Juan G
Bought by
Lone Star Investment Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
9.25%

Purchase Details

Closed on
May 5, 1998
Sold by
Inmc Mtg Holdings Inc
Bought by
Llanes Juan G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
9.25%

Purchase Details

Closed on
Mar 9, 1998
Sold by
Gunby Jack
Bought by
Inmc Mtg Holdings Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
9.25%

Purchase Details

Closed on
Dec 15, 1995
Sold by
Gunby Jack and Gunby Margaret E
Bought by
Gunby Philip

Purchase Details

Closed on
Sep 2, 1994
Sold by
Dunn Victoria V
Bought by
Gunby Jack and Gunby Margaret E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,300
Interest Rate
8.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wallens-Sindell Family Trust -- Weinstock Manion
Wallens Donald $640,000 First American Title Company
Bodenheim Properties Llc -- None Available
Meller Richard -- United Title Company
Phillips Lee E -- First American Title Company
Phillips Lee E $669,000 Fatcola
K P Investments Inc -- First American Title Company
Kroes Kevin -- First American Title Co
Kroes Kevin $450,000 First American Title Co
Santiago Alexander N -- Lawyers Title Company
Santiago Alexander N $250,000 United Title Company
Lone Star Investment Inc -- --
Llanes Juan G $135,000 Lawyers Title Company
Inmc Mtg Holdings Inc $132,500 Landsafe Title
Gunby Philip -- Stewart Title
Gunby Jack $134,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wallens Donald $480,000
Previous Owner Meller Richard $200,000
Previous Owner Phillips Lee E $500,000
Previous Owner Kroes Kevin $360,000
Previous Owner Santiago Alexander N $287,382
Previous Owner Santiago Alexander N $230,062
Previous Owner Llanes Juan G $94,500
Previous Owner Gunby Jack $127,300
Closed Kroes Kevin $45,000
Closed Phillips Lee E $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2015 12/02/15 Sold $640,000 -7.1% $190 / Sq Ft
10/11/2015 10/11/15 Pending -- -- --
07/14/2015 07/14/15 For Sale $689,000 -- $204 / 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 $10,029 $757,622 $532,705 $224,917
2024 $10,029 $742,767 $522,260 $220,507
2023 $9,857 $728,204 $512,020 $216,184
2022 $9,260 $713,927 $501,981 $211,946
2021 $9,060 $699,930 $492,139 $207,791
2020 $9,036 $693,094 $487,093 $206,001
2019 $8,930 $679,512 $477,543 $201,969
2018 $8,692 $666,196 $468,180 $198,016
2016 $7,988 $640,000 $450,000 $190,000
2015 $7,106 $580,000 $248,600 $331,400
2014 $5,891 $465,000 $199,300 $265,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15153768

California Regional Multiple Listing Service (CRMLS)

APN: 7272-014-001