NOT LISTED FOR SALE

Estimated Value: $1,131,000 - $1,423,321

6 Beds
4 Baths
2,444 Sq Ft
$540/Sq Ft Est. Value

Last Sold July 12, 2019

Last sale price $1,000,000 $409 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $8,071/month

5 Days on Market

Highlights

  • Fireplace in Bathroom
  • Spanish Architecture
  • Awning
  • Woodrow Wilson High School Rated A
  • No HOA
  • Wood Fence

About This Home

As of July 2019

Four unit apartment community on large lot in Eastside area of Long Beach with 5 parking spaces. The property is priced at just $247,500 per unit which is 15 X gross and a cap rate of 4.3. Front units were built in 1925 comprised of (2) 2 bedroom 1 bath units. Back units were built in 1960 and comprised of (2) 1 bedroom 1 bath each. Each unit has a private storage shed at rear of property.

Last Agent to Sell the Property

Patti Martin

Pelican Properties License #00335168 Listed on: 05/22/2019

Last Buyer's Agent

Dale Jervis

Century 21 Jervis & Associates License #00849695

Century 21 Jervis & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 6,751 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Level Lot
  • Front Yard Sprinklers
  • On-Hand Building Permits

Home Design

  • Spanish Architecture
  • Property Attached
  • Raised Foundation
  • Slab Foundation

Interior Spaces

  • 2,444 Sq Ft Home
  • Awning
  • Window Screens

Kitchen

  • Gas Range
  • Free-Standing Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms
  • Fireplace in Bathroom

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available
  • Unassigned Parking

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 22
  • Tax Tract Number 3603
  • Assessor Parcel Number 7259006049

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,020
  • Insurance Expense $1,262
  • Water Sewer Expense $1,005
  • New Taxes Expense $12,375
  • Operating Expense $15,702
  • Gross Income $66,000
  • Net Operating Income $42,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.30
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Subdivision Name Other: Zaferia
  • Water Sewer Expenses: 1005.00
  • Zoning: LBR2N
  • Architectural Style: Spanish
  • Property Condition: Building Permit
  • Property Type: Residential Income
  • Gardener Expense: 1020.00
  • Parcel Number: 7259006049
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Fireplace Features: Bath
  • Levels: One
  • Price Per Square Foot: 409.17
  • Window Features: Screens

Exterior Features

  • Foundation: Raised, Slab
  • Exterior Features: Awning(s)
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Free-Standing Range, Gas Range
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 6500-9999, Sprinklers In Front
  • Lot Size Sq Ft: 6751.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 520 Square Feet
  • Average2 Bed Area: 760 Square Feet
  • Gross Multiplier: 15.00
  • Gross Operating Income: 66000.00
  • Gross Scheduled Income: 66000.00
  • Insurance Expense: 1262.00
  • Lot Size Area: 6751.0000 Square Feet
  • Net Operating Income: 42900.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 23100.00
  • Rent Control: No
  • Total Actual Rent: 5500.00
  • Total Expenses: 15702.00

Tax Info

  • New Taxes Expense: 12375.00
  • Tax Census Tract: 5751.03
  • Tax Lot: 22
  • Tax Tract Number: 3603

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2022
Sold by
Castillo Mario and Castillo Joanne R
Bought by
Mario Castillo And Joanne R Ruddell Family Tr
Current Estimated Value
$1,319,080

Purchase Details

Listed on
May 22, 2019
Closed on
May 30, 2019
Sold by
Martin Randal B and Martin Patricia A
Bought by
Castillo Mario and Ruddell Joanne
Seller's Agent
Patti Martin
Pelican Properties
Buyer's Agent
Dale Jervis
Century 21 Jervis & Associates
List Price
$990,000
Sold Price
$1,000,000
Premium/Discount to List
$10,000
1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.37%
Original Mortgage
$750,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2018
Sold by
Martin Randal B and Martin Patricia Anne
Bought by
Martin Randal B and Martin Patricia A

Purchase Details

Listed on
Nov 12, 2016
Closed on
Jan 10, 2017
Sold by
Northport Realty Llc
Bought by
Martin Randal B and Martin Patricia Anne
Seller's Agent
Mark Witsken
KW Advisors
Buyer's Agent
Marc Walter
List Price
$849,000
Sold Price
$830,000
Premium/Discount to List
-$19,000
-2.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.32%
Original Mortgage
$429,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 12, 2016
Closed on
Dec 23, 2016
Sold by
Blair Yeakel Jamie
Bought by
Blair Yeakel Kemery
Seller's Agent
Mark Witsken
KW Advisors
Buyer's Agent
Marc Walter
List Price
$849,000
Sold Price
$830,000
Premium/Discount to List
-$19,000
-2.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$429,000
Interest Rate
4.13%
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 and The Jim C Robinston 2008 Trust
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
$550,700
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
Sep 12, 2005
Sold by
Nickelsen Phyllis
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
$588,000
Interest Rate
5.63%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mario Castillo And Joanne R Ruddell Family Tr -- --
Castillo Mario -- --
Castillo Mario $1,000,000 First American Title
Martin Randal B -- None Available
Martin Randal B $830,000 First American Title Company
Blair Yeakel Kemery -- First American Title Company
Northport Realty Llc -- None Available
Robinson Jim C -- First American Title Ins Co
Robinson Jim C -- None Available
Robinson Jim C $735,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Castillo Mario $750,000
Previous Owner Martin Randal B $429,000
Previous Owner Robinson Jim C $550,700
Previous Owner Robinson Jim C $588,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/12/2019 07/12/19 Sold $1,000,000 +1.0% $409 / Sq Ft
05/27/2019 05/27/19 Pending -- -- --
05/22/2019 05/22/19 For Sale $990,000 +19.3% $405 / Sq Ft
01/25/2017 01/25/17 Sold $830,000 -1.1% $340 / Sq Ft View Prior Sale
12/15/2016 12/15/16 Pending -- -- --
12/07/2016 12/07/16 Price Changed $839,000 -1.2% $343 / Sq Ft
11/12/2016 11/12/16 For Sale $849,000 -- $347 / 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 $14,158 $1,093,642 $656,186 $437,456
2024 $14,158 $1,072,199 $643,320 $428,879
2023 $13,918 $1,051,176 $630,706 $420,470
2022 $13,069 $1,030,566 $618,340 $412,226
2021 $12,808 $1,010,360 $606,216 $404,144
2019 $11,145 $858,144 $599,527 $258,617
2018 $10,789 $841,322 $587,772 $253,550
2016 $7,768 $621,319 $393,502 $227,817
2015 $7,461 $611,987 $387,592 $224,395
2014 $7,423 $600,000 $380,000 $220,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19119467

California Regional Multiple Listing Service (CRMLS)

APN: 7259-006-049