NOT LISTED FOR SALE

Estimated Value: $1,169,000 - $1,418,000

4 Beds
4 Baths
2,160 Sq Ft
$598/Sq Ft Est. Value

Last Sold March 22, 2017

Last sale price $795,000 $368 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $7,751/month

94 Days on Market

About This Home

As of March 2017

4 unit apartment building located in the Eastside of Long Beach, NOT subject to Rent Control. The property offers the opportunity to acquire a value-add deal in one of the strongest rental markets in Long Beach. The property was originally constructed in 1923 and is comprised of 4 (1+1) units plus 5 PARKING SPACES, with a gross area of approximately 2,160 SF. The property has a charming front yard and a large lot, affording the possibility of adding more parking in addition to the 2 garages and additional driveway parking currently in place. An unused storage room is attached to the garage, which could be converted into a laundry room in the future for additional income.

Last Agent to Sell the Property

Mark Witsken

KW Advisors License #01884724 Listed on: 11/12/2016

KW Advisors

Last Buyer's Agent

Debra Vaughn

License #01502867

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 4,876

Parking

  • 3 Open Parking Spaces
  • 2 Car Garage

Interior Spaces

  • 2,160 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • 4,876 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7258-008-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2160
  • Stories: 2
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 4.00
  • Equipment: Dishwasher, Range/Oven
  • Price Per S Q F T: 365.74

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 3
  • Parking Garage: Uncovered
  • Total Parking: 5

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 207106
  • Assessed Land Value: 336548
  • Assessor Parcel Number: 7258-008-012
  • Geocode Override: No
  • Lot Size Area: 4876

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.70
  • Gross Scheduled Income: 54180.00
  • Number Of Units: 4
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2016
Closed on
Mar 16, 2017
Sold by
Arroyo Jose G
Bought by
The Jose & Rosalinda Arroyo 2007 Trust
Seller's Agent
Mark Witsken
KW Advisors
Buyer's Agent
Debra Vaughn
List Price
$825,000
Sold Price
$795,000
Premium/Discount to List
-$30,000
-3.64%
Current Estimated Value
$1,291,296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$496,296
Avg. Annual Appreciation
5.67%
Original Mortgage
$555,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2013
Sold by
Robinson Jim C
Bought by
Northport Realty Llc

Purchase Details

Closed on
Mar 18, 2011
Sold by
Robinson Jim C
Bought by
Robinson Jim C and The Jim C Robinson 2008 Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,900
Interest Rate
4.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2008
Sold by
Robinson Jim C
Bought by
Robinson Jim C and The Jim C Robinson 2008 Trust

Purchase Details

Closed on
Feb 10, 2005
Sold by
Miller Jerry David
Bought by
Robinson Jim C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
5.24%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 22, 2004
Sold by
Ohara Suzanne
Bought by
Miller Jerry David and Miller Furman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,250
Interest Rate
4.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 21, 2003
Sold by
Lundy Sunshine
Bought by
Ohara Suzanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,750
Interest Rate
4.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 2002
Sold by
Melton Kirk
Bought by
Lundy Sunshine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
6.86%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 1, 2000
Sold by
Byron William T
Bought by
Melton Kirk and Rhodes Leslie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
8.27%

Purchase Details

Closed on
Sep 28, 1998
Sold by
Family Trust Sarver, Ralph R And Lois M Trs S
Bought by
Byron William T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
6.88%

Purchase Details

Closed on
Sep 25, 1998
Sold by
Byron Carol Lee
Bought by
Byron William T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
6.88%

Purchase Details

Closed on
Oct 12, 1994
Sold by
Sarver Ralph Randall
Bought by
Sarver Ralph R and Sarver Lois M
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
The Jose & Rosalinda Arroyo 2007 Trust -- First American Title Company
Arroyo Jose G $795,000 First American Title Company
Northport Realty Llc -- Northport Realty Llc
Robinson Jim C -- First American Title Ins Co
Robinson Jim C -- None Available
Robinson Jim C $700,000 Commonwealth Title
Miller Jerry David $599,000 Commonwealth Land Title Co
Ohara Suzanne $429,000 Commonwealth Land Title Co
Lundy Sunshine $340,000 American Title Co
Melton Kirk $265,000 Orange Coast Title
Byron William T $210,000 Fidelity National Title Ins
Byron William T -- Fidelity Title
Sarver Ralph R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arroyo Jose G $555,000
Previous Owner Robinson Jim C $580,900
Previous Owner Robinson Jim C $560,000
Previous Owner Miller Jerry David $449,250
Previous Owner Ohara Suzanne $321,750
Previous Owner Lundy Sunshine $272,000
Previous Owner Melton Kirk $212,000
Previous Owner Byron William T $168,000
Closed Melton Kirk $26,500
Closed Lundy Sunshine $34,000
Closed Byron William T $21,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2017 03/22/17 Sold $795,000 +0.6% $368 / Sq Ft
02/14/2017 02/14/17 Pending -- -- --
02/04/2017 02/04/17 Price Changed $790,000 -1.1% $366 / Sq Ft
01/18/2017 01/18/17 Price Changed $799,000 -2.0% $370 / Sq Ft
12/07/2016 12/07/16 Price Changed $815,000 -1.2% $377 / Sq Ft
11/12/2016 11/12/16 For Sale $825,000 -- $382 / Sq Ft
Source: The MLS

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 $11,992 $922,658 $649,924 $272,734
2024 $11,992 $904,568 $637,181 $267,387
2023 $11,787 $886,833 $624,688 $262,145
2022 $11,067 $869,445 $612,440 $257,005
2021 $10,843 $852,398 $600,432 $251,966
2019 $10,688 $827,118 $582,624 $244,494
2018 $10,389 $810,900 $571,200 $239,700
2016 $6,839 $543,654 $336,548 $207,106
2015 $6,570 $535,489 $331,493 $203,996
2014 $6,539 $525,000 $325,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-180286

The MLS

APN: 7258-008-012