NOT LISTED FOR SALE

Estimated Value: $1,309,000 - $1,480,000

9 Beds
8 Baths
5,175 Sq Ft
$275/Sq Ft Est. Value

Last Sold December 06, 2016

Last sale price $810,000 $157 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $8,769/month

13 Days on Market

About This Home

As of December 2016

4 units in total in a 2 story building built in 1963 with no rent control located near Lakewood Garden. Each unit has spacious bedrooms and bathrooms along with washer & dryer hook up inside the units. Each unit has own balcony and patio yards and parking space & garage. Great location near freeway 710,91,405,605 & 105 freeways. Easy to manage and great investment opportunity for all level of investors! This is a probate sale & court confirmation is required.

Last Agent to Sell the Property

Melissa Hardaway

Hardaway Team Realty License #01226798 Listed on: 08/13/2016

Last Buyer's Agent

Ruth Shan

A TEAM REALTY License #01896201

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,175

Year Built

  • Built in 1963

Lot Details

  • 5,800 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 5,175 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 28449
  • Assessor Parcel Number 7121009019

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $444
  • Gardener Expense $420
  • Pest Control $273
  • Trash Expense $1,237
  • Water Sewer Expense $2,208
  • Net Operating Income $6,621,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,175

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 2208.00
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Gardener Expense: 420.00
  • Parcel Number: 7121009019
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 156.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Pest Control Expense: 273.00
  • Trash Expense: 1237.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5800.00
  • Price Per Lot Square Foot: 137.22

Multi Family

  • Electric Expense: 444.00
  • Gross Scheduled Income: 70800.00
  • Net Operating Income: 6621800.00
  • 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
  • Operating Expense: 4582.00
  • Rent Control: No

Tax Info

  • Tax Lot: 8
  • Tax Tract Number: 28449

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2019
Sold by
Mina Trust
Bought by
Mina Trust
Current Estimated Value
$1,423,138

Purchase Details

Closed on
Jul 6, 2017
Sold by
Injamuri Ephraim
Bought by
Injamuri Ephraim and Nerurkar Yamini Abhijit

Purchase Details

Closed on
May 26, 2017
Sold by
Injamuri Ephraim
Bought by
Injamuri Ephraim and Nerurkar Yamini Abhijit

Purchase Details

Listed on
Aug 13, 2016
Closed on
Dec 2, 2016
Sold by
Worsham Gregory D
Bought by
Injamuri Ephraim and Nerurkar Yamini Abhijit
Seller's Agent
Melissa Hardaway
Hardaway Team Realty
Buyer's Agent
Ruth Shan
A TEAM REALTY
List Price
$795,900
Sold Price
$810,000
Premium/Discount to List
$14,100
1.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.38%
Original Mortgage
$607,500
Outstanding Balance
$299,349
Interest Rate
3.52%
Mortgage Type
New Conventional
Estimated Equity
$1,090,320

Purchase Details

Listed on
Aug 13, 2016
Closed on
Oct 31, 2016
Sold by
Nerurkar Abhijit Arvind
Bought by
Nerurkar Yamini Abhijit
Seller's Agent
Melissa Hardaway
Hardaway Team Realty
Buyer's Agent
Ruth Shan
A TEAM REALTY
List Price
$795,900
Sold Price
$810,000
Premium/Discount to List
$14,100
1.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$607,500
Outstanding Balance
$299,349
Interest Rate
3.52%
Mortgage Type
New Conventional
Estimated Equity
$1,090,320
Source: Public Records

Range of Values:

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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
Mina Trust -- None Available
Injamuri Ephraim -- None Available
Injamuri Ephraim -- None Available
Injamuri Ephraim $810,000 Fidelity National Title Co
Nerurkar Yamini Abhijit -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Injamuri Ephraim $607,500
Previous Owner Worsham Floyd L $552,500
Previous Owner Worsham Floyd L $430,000
Previous Owner Worsham Floyd L $322,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2016 12/06/16 Sold $810,000 +1.8% $157 / Sq Ft
10/03/2016 10/03/16 Price Changed $795,900 0.0% $154 / Sq Ft
10/03/2016 10/03/16 For Sale $795,900 0.0% $154 / Sq Ft
08/26/2016 08/26/16 Pending -- -- --
08/13/2016 08/13/16 For Sale $795,900 -- $154 / 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 $12,175 $940,069 $307,553 $632,516
2024 $12,175 $921,637 $301,523 $620,114
2023 $11,937 $903,566 $295,611 $607,955
2022 $11,610 $885,850 $289,815 $596,035
2021 $11,311 $868,482 $284,133 $584,349
2020 $11,057 $859,578 $281,220 $578,358
2019 $11,612 $842,724 $275,706 $567,018
2018 $10,828 $826,200 $270,300 $555,900
2016 $6,582 $520,622 $163,175 $357,447
2015 $6,210 $512,802 $160,724 $352,078
2014 $6,377 $502,758 $157,576 $345,182
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16180664

California Regional Multiple Listing Service (CRMLS)

APN: 7121-009-019