NOT LISTED FOR SALE

Estimated Value: $856,000 - $914,245

5 Beds
3 Baths
1,800 Sq Ft
$491/Sq Ft Est. Value

Last Sold May 24, 2016

Last sale price $485,000 $269 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $5,295/month

52 Days on Market

Highlights

  • Private Yard
  • 2 Car Garage
  • Wall Furnace
  • No HOA
  • Level Lot
  • 1-Story Property

About This Home

As of May 2016

Don't miss out on this great investment and create your own long term cash flow. Centrally located with easy access to these major freeways (91, 710, 405) makes this even more desirable. Located on a nice quiet well kept street you have quick access to shopping, parks, Long Beach airport and more. Please feel free to drive by and do not disturb occupants.

Last Agent to Sell the Property

Brian Kamenca

Coldwell Banker Realty License #00858860 Listed on: 02/01/2016

Coldwell Banker Realty

Last Buyer's Agent

Jonathon Villaescusa

Real Broker License #01900156

Real Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 5,815 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Level Lot
  • Private Yard
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage
  • On-Street Parking

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Tax Lot 27
  • Tax Tract Number 5992
  • Assessor Parcel Number 7125025019

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,200
  • Maintenance Expense $2,400
  • Water Sewer Expense $350
  • New Taxes Expense $5,700
  • Net Operating Income $28,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 5.50
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Water Sewer Expenses: 350.00
  • Property Type: Residential Income
  • Parcel Number: 7125025019
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 269.44

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Parking Features: Garage, Street
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Features: Front Yard, Level, Lawn, Yard
  • Lot Size Sq Ft: 5815.00
  • Price Per Lot Square Foot: 83.40
  • Lot Size Acres: 0.1330

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Average1 Bed Area: 650
  • Average2 Bed Area: 800
  • Gross Multiplier: 13.50
  • Gross Scheduled Income: 37200.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5815.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 28000.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 9500.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5700.00
  • Tax Lot: 27
  • Tax Tract Number: 5992

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 3, 2018
Sold by
Ayala Rudy
Bought by
Ayala Rudy and Rudy Ayala Trust
Current Estimated Value
$884,561

Purchase Details

Closed on
Mar 24, 2016
Sold by
Cabrera Pedro and Cabrera Esperanza M
Bought by
Ayala Rudy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2005
Sold by
Cabrera Pedro and Cabrera Esperanza
Bought by
Cabrera Pedro and Cabrera Esperanza M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,500
Interest Rate
5.67%
Mortgage Type
New Conventional
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
Ayala Rudy -- None Available
Ayala Rudy $485,000 Lawyers Title
Cabrera Pedro -- Stewart Title Of California
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ayala Rudy $290,000
Previous Owner Cabrera Pedro $207,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2016 05/24/16 Sold $485,000 -2.8% $269 / Sq Ft
03/24/2016 03/24/16 Pending -- -- --
02/01/2016 02/01/16 For Sale $499,000 -- $277 / 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 $7,919 $574,135 $218,999 $355,136
2024 $7,617 $562,878 $214,705 $348,173
2023 $7,486 $551,843 $210,496 $341,347
2022 $7,035 $541,023 $206,369 $334,654
2021 $6,891 $530,416 $202,323 $328,093
2020 $6,873 $525,198 $200,249 $324,949
2019 $6,793 $514,905 $196,323 $318,582
2018 $6,558 $504,814 $192,474 $312,340
2016 $3,731 $285,362 $97,002 $188,360
2015 $3,588 $281,076 $95,545 $185,531
2014 $3,578 $275,571 $93,674 $181,897
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16022873

California Regional Multiple Listing Service (CRMLS)

APN: 7125-025-019