NOT LISTED FOR SALE

Estimated Value: $1,230,000 - $1,446,000

6 Beds
4 Baths
2,560 Sq Ft
$508/Sq Ft Est. Value

Last Sold March 19, 2013

Last sale price $660,000 $258 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $7,561/month

163 Days on Market

Highlights

  • Guest House
  • Maid or Guest Quarters
  • Wood Flooring
  • Los Cerritos Elementary School Rated A
  • Traditional Architecture
  • Granite Countertops

About This Home

As of March 2013

REDUCED!! Lovely home and income units on a huge 8,595 SF elevated corner lot, located in the beautiful Virginia Country Club neighborhood. The front home is a 3 bed 2 bath home and there is a 2 bed 1 bath apartment located above the garage. There is also a bonus 1 bed 1 bath unit below the apartment. Home and 2 bedroom unit have hardwood floors, newer windows and new roof in 2002. Main home also features newer forced air heating and granite counter tops in the kitchen. The main bath upgraded with granite tiles and tub surround. Large 2 car garage with laundry and extra storage below the 2 bedroom unit. A huge 2 car carport adjacent to the garage has covered parking for 2 more cars as well. The main house has a side patio and private fenced yard. This is a rare find in this beautiful area of mostly single family homes. Close to freeways, blue line, shopping and parks. Great as a single family home with added income or good income in one of Long Beach`s finest neighborhoods.

Last Agent to Sell the Property

Kevin Poi

College Park Realty License #01319729 Listed on: 08/01/2012

College Park Realty

Co-Listed By

Brian Magpantay

College Park Realty License #01775848

Last Buyer's Agent

Kevin Poi

College Park Realty License #01319729 Listed on: 08/01/2012

College Park Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 8,595

Parking

  • 2 Car Garage
  • 2 Carport Spaces

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,560 Sq Ft Home
  • Built-In Features
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Electric Fireplace
  • Awning
  • Storage
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Maid or Guest Quarters
  • 4 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace

Additional Features

  • 8,595 Sq Ft Lot
  • Guest House

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 12
  • Tax Tract Number 2219
  • Assessor Parcel Number 7141006044

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,000
  • Water Sewer Expense $1,200
  • New Taxes Expense $7,500
  • Gross Income $4,400
  • Net Operating Income $49,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

8,595 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 6.59
  • View: No
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7141006044
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Built-in Features, Granite Counters, Storage
  • Flooring: Tile, Wood
  • Appliances: No
  • Fireplace Features: Electric, Masonry, Wood Burning
  • Levels: One
  • Price Per Square Foot: 257.81
  • Room Type: Guest/Maid's Quarters

Exterior Features

  • Other Structures: Guest House
  • Exterior Features: Awning(s)
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: No
  • Parking Features: Carport
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Forced Air, Natural Gas, Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 8595.00
  • Lot Size Acres: 0.1970

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 375
  • Average2 Bed Area: 756
  • Average3 Bed Area: 1432
  • Gross Income: 4400.00
  • Gross Multiplier: 14.20
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 49400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 3400.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Area: 5500
  • Tax Lot: 12
  • Tax Tract Number: 2219

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2013
Sold by
Tran Angelique Lan and Tran Lan
Bought by
Kavary Laura Yvette
Current Estimated Value
$1,301,459

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
3.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2002
Sold by
Menchaca John J and Estate Of Terry Hockenberry
Bought by
Tran Lan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 7, 2002
Sold by
Maquirang Larry I and Maquirang Justina O
Bought by
Tran Lan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 2002
Sold by
Gill David A and Estate Of Joey R Ortego
Bought by
Ortego Justine Fe R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 1995
Sold by
Hockenberry Terry
Bought by
Hockenberry Terry and Ortego Joey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,800
Interest Rate
7.88%

Purchase Details

Closed on
Jun 26, 1995
Sold by
Godbout Loretta H
Bought by
Hockenberry Terry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,800
Interest Rate
7.88%
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
Kavary Laura Yvette $660,000 Wfg Title Company Of Ca
Tran Lan -- North American Title Co
Tran Lan -- North American Title Co
Ortego Justine Fe R $77,500 North American Title Co
Hockenberry Terry -- --
Hockenberry Terry $232,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kavary Laura Yvette $487,500
Previous Owner Tran Lan $100,000
Previous Owner Tran Lan $100,000
Previous Owner Ortego Justine Fe R $100,000
Previous Owner Hockenberry Terry $208,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2013 03/19/13 Sold $660,000 -17.0% $258 / Sq Ft
01/11/2013 01/11/13 Pending -- -- --
08/01/2012 08/01/12 For Sale $795,000 -- $311 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,356 $812,733 $320,165 $492,568
2024 $10,356 $796,798 $313,888 $482,910
2023 $10,183 $781,176 $307,734 $473,442
2022 $9,561 $765,859 $301,700 $464,159
2021 $9,370 $750,843 $295,785 $455,058
2020 $9,344 $743,145 $292,753 $450,392
2019 $9,234 $728,574 $287,013 $441,561
2018 $8,928 $714,289 $281,386 $432,903
2016 $8,206 $686,554 $270,460 $416,094
2015 $7,874 $676,242 $266,398 $409,844
2014 $7,820 $662,996 $261,180 $401,816
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: P830424

California Regional Multiple Listing Service (CRMLS)

APN: 7141-006-044

Your Personal Tour Guide

Ask me questions while you tour the home.