NOT LISTED FOR SALE

3504 Falcon Ave Long Beach, CA 90807

California Heights Neighborhood

Estimated Value: $911,177 - $1,052,000

2 Beds
2 Baths
1,440 Sq Ft
$686/Sq Ft Est. Value

Last Sold June 25, 2014

Last sale price $449,000 $312 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $5,766/month

34 Days on Market

Highlights

  • Spanish Architecture
  • Longfellow Elementary School Rated A-
  • Back Yard

About This Home

As of June 2014

Great duplex in California Heights. This is a Spanish style building, each unit is a one bedroom, one bath unit in its original condition but they are very cute units. Each unit has a nice living room with big front window, a separate dining room and kitchen with a laundry room off kitchen for the washer and dryer. This is an excellent opportunity to buy a duplex in the great residential neighborhood of California Heights which is a Historical District. Each unit has its own yard with its own single car garage. This is extremely well priced for the location. The property does need some TLC but the seller is selling this property "AS IS" it its current physical condition, seller will not do any termite work.

Last Agent to Sell the Property

Kristie Pabst

Pabst, Kinney & Associates License #00804122 Listed on: 03/20/2014

Last Buyer's Agent

Farida Lee

Home Team Realty License #00922158

Home Team Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,168

Year Built

  • Built in 1930

Lot Details

  • 6,344 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • 1,440 Sq Ft Home
  • Spanish Architecture
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Suburban Location
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 24,2
  • Tax Tract Number 5875
  • Assessor Parcel Number 7147018001

Community Details

Overview

  • 12 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $1,990

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,168

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: California Heights (CH)
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 7147018001
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 311.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Lot Features: Back Yard
  • Lot Size Sq Ft: 6344.00
  • Lot Size Acres: 0.1460

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 720
  • Gross Income: 1990.00
  • Gross Scheduled Income: 23880.00
  • Lot Size Area: 6344.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 24,2
  • Tax Tract Number: 5875
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2014
Sold by
Lorch Rainer and Lorch Carole
Bought by
Murrah Troy and Lee Michelle Sukyee
Current Estimated Value
$987,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$426,550
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 6, 1998
Sold by
Tapparo Thomas L
Bought by
Lorch Rainer and Goodrich Carole
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
Murrah Troy $449,000 Fidelity National Title Co
Lorch Rainer $139,640 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murrah Troy $426,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2014 06/25/14 Sold $449,000 0.0% $312 / Sq Ft
04/23/2014 04/23/14 Pending -- -- --
03/20/2014 03/20/14 For Sale $449,000 -- $312 / 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 $7,168 $550,401 $330,976 $219,425
2024 $7,168 $539,610 $324,487 $215,123
2023 $7,047 $529,030 $318,125 $210,905
2022 $6,620 $518,658 $311,888 $206,770
2021 $6,487 $508,489 $305,773 $202,716
2019 $6,395 $493,408 $296,704 $196,704
2018 $6,174 $483,735 $290,887 $192,848
2016 $5,682 $464,953 $279,593 $185,360
2015 $5,454 $457,970 $275,394 $182,576
2014 $2,642 $204,605 $145,784 $58,821
Source: Public Records

Agents Affiliated with this Home

  • Kristie Pabst

    Seller's Agent in 2014

    Kristie Pabst

    Pabst, Kinney & Associates

    (562) 987-3244

    1 in this area

    29 Total Sales

    Kristie Pabst
    Section Image

  • F

    Buyer's Agent in 2014

    Farida Lee

    Home Team Realty

    (310) 326-3822

    1 Total Sale

    Farida Lee
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14057942

California Regional Multiple Listing Service (CRMLS)

APN: 7147-018-001

California Los Angeles County Long Beach 90807 California Heights

3504 Falcon Ave, Long Beach, CA

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