NOT LISTED FOR SALE

Estimated Value: $929,000 - $1,040,423

5 Beds
4 Baths
1,948 Sq Ft
$505/Sq Ft Est. Value

Last Sold December 28, 2015

Last sale price $550,000 $282 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $6,046/month

10 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • Living Room
  • Traditional Architecture
  • Stone Countertops
  • Laundry Room

About This Home

As of December 2015

TRIPLEX located in Long Beach, all units remodeled and ready to rent. Front unit is 1 bed 1 bath, middle unit 2 bed 1 bath, and back unit 1 bed 1 bath. Fresh interior and exterior paint, new landscape, exterior doors, laminate, fixtures and carpet throughout. Middle unit has new kitchen cabs with quartz countertops. Garage features community laundry room for all units. Doesn't stop there, property also has crystal blue pool for those hot summer days. All separate electrical & gas meters. Truly a investors dream , don't hesitate! Seller to provide vouchers for the installation of stove and micro/hood at COE (all units)!!!

Last Agent to Sell the Property

Polly Watts

Shelter Club Realty, Inc. License #00895696 Listed on: 11/06/2015

Last Buyer's Agent

Gilbert Navarro

Keller Williams SELA License #01301415

Keller Williams SELA

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 4,304 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Front Yard Sprinklers
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage
  • Parking Available

Home Design

  • Traditional Architecture
  • Property Attached
  • Combination Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,948 Sq Ft Home
  • Living Room
  • Stone Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • In Ground Pool
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 23
  • Tax Tract Number 7309
  • Assessor Parcel Number 7126001014

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7126001014
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Stone Counters
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Wood
  • Price Per Square Foot: 282.34
  • Room Type: Living Room

Exterior Features

  • Foundation: Combination
  • Fencing: Wrought Iron
  • Pool Features: In Ground
  • Pool Private: Yes
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre, Sprinklers In Front
  • Lot Size Sq Ft: 4304.00
  • Price Per Lot Square Foot: 127.79
  • Lot Size Acres: 0.0990

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3500.00
  • Gross Scheduled Income: 42000.00
  • Lot Size Area: 4304.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Lot: 23
  • Tax Tract Number: 7309

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2019
Sold by
Reuter Chris A
Bought by
Diaz Armando
Current Estimated Value
$984,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$624,000
Outstanding Balance
$546,509
Interest Rate
3.7%
Estimated Equity
$437,597

Purchase Details

Closed on
Sep 24, 2019
Sold by
Talavera Ignacio
Bought by
Diaz Armando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$624,000
Outstanding Balance
$546,509
Interest Rate
3.7%
Estimated Equity
$437,597

Purchase Details

Listed on
Nov 6, 2015
Closed on
Dec 4, 2015
Sold by
West Ridge Rentals Llc
Bought by
Talavera Ignacio
Seller's Agent
Polly Watts
Shelter Club Realty, Inc.
Buyer's Agent
Gilbert Navarro
Keller Williams SELA
List Price
$500,000
Sold Price
$550,000
Premium/Discount to List
$50,000
10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.99%
Original Mortgage
$540,038
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 2, 2015
Sold by
Vazquez Juan Martin
Bought by
West Ridge Rentals Llc

Purchase Details

Closed on
Oct 16, 2007
Sold by
Vazquez Victoria
Bought by
Vazquez Juan

Purchase Details

Closed on
Jun 22, 2007
Sold by
Vazquez Juan Martin and Vazquez Juan
Bought by
Vazquez Juan Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,000
Interest Rate
6.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2002
Sold by
Vazquez Juan and Padilla Dimas
Bought by
Vazquez Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 1995
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Vazquez Juan and Padilla Dimas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,894
Interest Rate
7.88%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 4, 1995
Sold by
Pettyjohn James Todd and Pettyjohn Maybelyn S
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Diaz Armando -- Fidelity National Title Co
Diaz Armando $690,000 Fidelity National Title Co
Talavera Ignacio $550,000 Ratic
West Ridge Rentals Llc $362,200 Accommodation
Vazquez Juan -- Ticor Title Company Of Ca
Vazquez Juan Martin -- Ticor Title Company
Vazquez Juan -- American Title Co
Vazquez Juan -- American Title Co
Vazquez Juan $145,000 First American Title Co
Federal Home Loan Mortgage Corporation $125,000 First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diaz Armando $624,000
Previous Owner Talavera Ignacio $540,038
Previous Owner Vazquez Juan Martin $413,000
Previous Owner Vazquez Juan $184,000
Previous Owner Vazquez Juan $142,894
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2015 12/28/15 Sold $550,000 +10.0% $282 / Sq Ft
11/16/2015 11/16/15 Pending -- -- --
11/06/2015 11/06/15 For Sale $500,000 -- $257 / 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 $10,502 $811,822 $378,850 $432,972
2024 $10,502 $795,905 $371,422 $424,483
2023 $10,324 $780,300 $364,140 $416,160
2022 $9,693 $765,000 $357,000 $408,000
2021 $8,869 $697,148 $303,108 $394,040
2020 $8,846 $690,000 $300,000 $390,000
2019 $7,620 $583,664 $169,793 $413,871
2018 $7,380 $572,220 $166,464 $405,756
2016 $6,791 $550,000 $160,000 $390,000
2015 $3,075 $235,406 $106,373 $129,033
2014 $3,069 $230,796 $104,290 $126,506
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15241045

California Regional Multiple Listing Service (CRMLS)

APN: 7126-001-014