NOT LISTED FOR SALE

3516 E 8th St Long Beach, CA 90804

Recreation Park Neighborhood

Estimated Value: $1,145,000 - $1,600,000

5 Beds
3 Baths
2,234 Sq Ft
$635/Sq Ft Est. Value

Sale Details

Date Sold: April 20, 2012

Last sale price $575,000 $257 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $8,347 / mo

169 Days on Market

Highlights

  • Wood Flooring
  • Bungalow
  • Floor Furnace
  • Woodrow Wilson High School Rated A

About This Home

As of April 2012

Beautiful Single Family residence (792 Newport) landscaped with sprinklers, including hardwood floors, front porch, back-side-front yard, 1 car garage, washer/dryer hookups, wood deck, all new plumbing. Side property has 2 one bedroom units, one with hardwood/carpet combo and the other with carpet, both have laundry hookups, shared porch and side yards. These units were also re-plumbed in 2009 along with the front house. There is a 10 year warranty that goes with the land, approximately 7.5 years left on this $35,000.00 Re-plumbing hob that is warranted. Live in the house, and rent the 2 one bedrooms out! Great property, close to the beach, stores, shops and 3 freeways. Call today to schedule a viewing.

Last Agent to Sell the Property

Wissam Daaboul

Trimetro Management Corp. License #01227457 Listed on: 09/30/2011

Last Buyer's Agent

Scott Sackin

Seven Gables Real Estate License #01003803

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 6,380 Sq Ft Lot

Parking

  • 1 Car Garage
  • Parking Available
  • Side Facing Garage
  • Driveway
  • On-Street Parking

Home Design

  • 2,234 Sq Ft Home
  • Bungalow
  • Shingle Roof
  • Composition Roof
  • Clapboard

Kitchen

  • Gas Oven or Range
  • Range
  • Formica Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Floor Furnace
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 2968
  • Assessor Parcel Number 7258024001

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gardener Expense $960
  • Professional Management Expense $2,160
  • Water Sewer Expense $918
  • New Taxes Expense $7,000
  • Gross Income $3,590
  • Net Operating Income $32,042

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

6,380 Sq Ft Lot

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 5.17
  • Professional Management Expense: 2160.00
  • View: No
  • Water Sewer Expenses: 918.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7258024001
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 257.39

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Clapboard

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Garage Faces Side, Street
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Free Standing, Gas Cooking, Disposal, Range, Water Heater
  • Heating Type: Floor Furnace, Natural Gas, Wall Furnace
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6380.00
  • Lot Size Acres: 0.1460

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3590.00
  • Gross Multiplier: 14.38
  • Gross Scheduled Income: 43080.00
  • Lot Size Area: 6380.0000 Square Feet
  • Net Operating Income: 32042.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Disposal: 1
  • Number With Drapes: 2
  • Number With Patio: 1
  • Operating Expense: 11038.00

Tax Info

  • New Taxes Expense: 7000.00
  • Tax Area: 5500
  • Tax Lot: 1
  • Tax Tract Number: 2968

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2015
Sold by
Bought by
Current Estimated Value
$1,418,030

Purchase Details

Listed on
Sep 30, 2011
Closed on
Mar 22, 2012
Sold by
Bought by
Seller's Agent
Wissam Daaboul
Trimetro Management Corp.
Buyer's Agent
Scott Sackin
Seven Gables Real Estate
List Price
$619,500
Sold Price
$575,000
Premium/Discount to List
-$44,500
-7.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.60%
Original Mortgage
$431,250
Outstanding Balance
$296,097
Interest Rate
3.86%
Mortgage Type
New Conventional
Estimated Equity
$1,121,933

Purchase Details

Closed on
May 5, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
7.06%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$575,000 Ortc
$580,000 Lawyers Title
$337,500 Fidelity Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $431,250
Previous Owner $250,000
Previous Owner $270,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/20/2012 04/20/12 Sold $575,000 -7.2% $257 / Sq Ft
03/17/2012 03/17/12 Pending -- -- --
09/30/2011 09/30/11 For Sale $619,500 -- $277 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,867 $722,219 $439,613 $282,606
2024 $9,448 $708,059 $430,994 $277,065
2023 $9,288 $694,177 $422,544 $271,633
2022 $8,725 $680,566 $414,259 $266,307
2021 $8,546 $667,223 $406,137 $261,086
2020 $8,524 $660,382 $401,973 $258,409
2019 $8,425 $647,435 $394,092 $253,343
2018 $8,165 $634,741 $386,365 $248,376
2016 $7,513 $610,095 $371,363 $238,732
2015 $7,213 $600,932 $365,785 $235,147
2014 $7,171 $589,161 $358,620 $230,541
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2012

    Wissam Daaboul

    Trimetro Management Corp.

  • Scott Sackin

    Buyer's Agent in 2012

    Scott Sackin

    Seven Gables Real Estate

    (714) 717-8911

    72 Total Sales

    Scott Sackin
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P798959

California Regional Multiple Listing Service (CRMLS)

APN: 7258-024-001

California Los Angeles County Long Beach 90804 Recreation Park

3516 E 8th St, Long Beach, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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