NOT LISTED FOR SALE

Estimated Value: $1,114,000 - $1,314,000

4 Beds
3 Baths
2,876 Sq Ft
$406/Sq Ft Est. Value

Last Sold March 12, 2014

Last sale price $575,000 $200 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $6,893/month

36 Days on Market

About This Home

As of March 2014

1 & 2 Bedroom Units, Individual Hot Water Heaters, Individually Metered for Electricity and Gas. Just a Few Blocks from Downtown Long Beach, Strong Rental Location Near Schools & Employment Opportunites

Last Agent to Sell the Property

Rick Applebaum

Morgan Skenderian License #01273871 Listed on: 12/16/2013

Last Buyer's Agent

Charles Fisher

Estate Properties License #01731424

Estate Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 2,500 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • 2,876 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 4 / 6
  • Assessor Parcel Number 7273011027

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $300
  • Insurance Expense $1,007
  • Maintenance Expense $2,266
  • Other Expense $250
  • Trash Expense $1,050
  • Water Sewer Expense $1,050
  • New Taxes Expense $6,820
  • Gross Income $3,975
  • Net Operating Income $32,572

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

0

Listing Details

  • CapRate: 5.70
  • Property Attached: Yes
  • Water Sewer Expenses: 1050.00
  • Property Type: Residential Income
  • Gardener Expense: 300.00
  • Parcel Number: 7273011027
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 199.93

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1050.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2500.00
  • Lot Size Acres: 0.0570

Multi Family

  • Gross Income: 3975.00
  • Gross Multiplier: 11.95
  • Gross Scheduled Income: 47700.00
  • Gross Spendable Income: 5812.00
  • Insurance Expense: 1007.00
  • Lot Size Area: 2500.0000 Square Feet
  • Maintenance Expense: 2266.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 32572.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 12743.00
  • Operating Expense Percent: 26.70
  • Other Expense: 250.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Total Actual Rent: 3975.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 6820.00
  • Tax Block: 6
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2019
Sold by
Gardener James and Gardener Pamela
Bought by
Gardener James and Gardener Pamela
Current Estimated Value
$1,167,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Outstanding Balance
$522,312
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$644,692

Purchase Details

Listed on
Dec 16, 2013
Closed on
Feb 7, 2014
Sold by
Lujan Ramon
Bought by
Gardener James and Gardener Pamela
Seller's Agent
Rick Applebaum
Morgan Skenderian
Buyer's Agent
Charles Fisher
Estate Properties
List Price
$570,000
Sold Price
$575,000
Premium/Discount to List
$5,000
0.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.18%
Original Mortgage
$431,250
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 18, 2012
Closed on
Jun 26, 2012
Sold by
Lujan Irma
Bought by
Lujan Aaron
Seller's Agent
Mark Shandrow
Shandrow Group
Buyer's Agent
B. Alicia Weaver
First American Team Realty Inc
List Price
$375,300
Sold Price
$375,000
Premium/Discount to List
-$300
-0.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.78%
Original Mortgage
$135,000
Interest Rate
3.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 18, 2012
Closed on
May 25, 2012
Sold by
The Bank Of New York Mellon
Bought by
Lujan Ramon and Lujan Norma
Seller's Agent
Mark Shandrow
Shandrow Group
Buyer's Agent
B. Alicia Weaver
First American Team Realty Inc
List Price
$375,300
Sold Price
$375,000
Premium/Discount to List
-$300
-0.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
3.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 24, 2011
Sold by
Uriarte Fernando J and Uriarte Francisco J
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Jan 2, 2011
Sold by
Uriarte Fernando
Bought by
Orrs Mary and Uriarte Fernando

Purchase Details

Closed on
Nov 1, 2010
Sold by
Uriarte Fernando
Bought by
Torreso Juan and Uriarte Fernando

Purchase Details

Closed on
Sep 17, 2004
Sold by
Barraco Thomas and Barraco Lorena
Bought by
Uriarte Francisco J

Purchase Details

Closed on
Jun 2, 1994
Sold by
Emc Mtg Corp
Bought by
Barraco Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,282
Interest Rate
8.38%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 1, 1994
Sold by
Great Western Bank Fsb
Bought by
Emc Mtg Corp

Purchase Details

Closed on
Jan 26, 1994
Sold by
California Reconveyance Company
Bought by
Great Western Bank Fsb
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
Gardener James -- Chicago Title Company
Gardener James -- Chicago Title Company
Gardener James $575,000 Ticor Title
Lujan Aaron -- North American Title Co Inc
Lujan Ramon $400,000 None Available
The Bank Of New York Mellon $578,321 Landsafe Title
Orrs Mary -- None Available
Torreso Juan -- None Available
Uriarte Francisco J -- --
Barraco Thomas $135,000 Fidelity National Title Co
Emc Mtg Corp $94,500 Fidelity National Title
Great Western Bank Fsb $98,712 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gardener James $595,000
Closed Gardener James $431,250
Previous Owner Lujan Ramon $135,000
Previous Owner Barraco Thomas $133,282
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/12/2014 03/12/14 Sold $575,000 +0.9% $200 / Sq Ft
01/21/2014 01/21/14 Pending -- -- --
12/16/2013 12/16/13 For Sale $570,000 +52.0% $198 / Sq Ft
07/03/2012 07/03/12 Sold $375,000 -0.1% $130 / Sq Ft View Prior Sale
05/15/2012 05/15/12 Pending -- -- --
04/18/2012 04/18/12 For Sale $375,300 -- $130 / 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 $9,350 $704,858 $490,338 $214,520
2024 $9,350 $691,038 $480,724 $210,314
2023 $9,188 $677,490 $471,299 $206,191
2022 $8,631 $664,207 $462,058 $202,149
2021 $8,446 $651,185 $452,999 $198,186
2019 $8,325 $632,112 $439,564 $192,548
2018 $8,101 $619,724 $430,946 $188,778
2016 $7,450 $595,431 $414,213 $181,218
2015 $7,156 $586,488 $407,992 $178,496
2014 $4,864 $376,702 $261,180 $115,522
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13248811

California Regional Multiple Listing Service (CRMLS)

APN: 7273-011-027