NOT LISTED FOR SALE

Estimated Value: $1,018,000 - $1,143,656

4 Beds
2 Baths
2,006 Sq Ft
$551/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $775,000 $386 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $6,714/month

6 Days on Market

Highlights

  • No HOA
  • Walk-In Closet
  • Tile Flooring
  • Woodrow Wilson High School Rated A
  • Laundry Room
  • Wall Furnace

About This Home

As of March 2018

Great location in Eastside Long Beach near the Circle, 2.5 miles from ocean, easy access to CalState LB, shopping, entertainment, freeways. Charming 2-unit building. 2 Bedrooms 1 bath each, w/own inside laundry rooms. Side yards, 1 car garages. All utilities separately metered and paid by tenants.

Last Agent to Sell the Property

Joei Kraatz

JK Broker Svcs. License #01157994 Listed on: 02/21/2018

Last Buyer's Agent

Gwen Kelly

Broadmoor Realty, Inc. License #00552325

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 6,484 Sq Ft Lot
  • Lot Dimensions are 50' x 130'
  • 1 Common Wall
  • Lot Sloped Down
  • Front and Back Yard Sprinklers
  • Back Yard

Home Design

  • 2,006 Sq Ft Home
  • Property Attached

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Driveway

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 11 / B
  • Assessor Parcel Number 7253004011

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $840
  • Insurance Expense $1,000
  • Maintenance Expense $1,964
  • New Taxes Expense $10,000
  • Operating Expense $13,804
  • Gross Income $43,140
  • Net Operating Income $28,041

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 3.62
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 7253004011
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Levels: One
  • Price Per Square Foot: 386.34
  • Room Type: Walk-In Closet

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Garage Faces Rear
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • 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: Back Yard, Sloped Down, Sprinklers In Front, Sprinklers In Rear
  • Lot Size: 50' x 130'
  • Lot Size Sq Ft: 6484.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 43140.00
  • Gross Multiplier: 17.96
  • Gross Operating Income: 41845.00
  • Gross Scheduled Income: 43140.00
  • Insurance Expense: 1000.00
  • Maintenance Expense: 1964.00
  • Net Operating Income: 28041.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 13804.00
  • Rent Control: No
  • Total Actual Rent: 43140.00
  • Total Expenses: 13804.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10000.00
  • Tax Block: B
  • Tax Census Tract: 5750.02
  • Tax Lot: 11
  • Tax Tract Number: A & R

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2018
Closed on
Mar 13, 2018
Sold by
Escamilla Steve A
Bought by
Beebe Fred K and Beebe Siobhan T
Seller's Agent
Joei Kraatz
JK Broker Svcs.
Buyer's Agent
Gwen Kelly
Broadmoor Realty, Inc.
List Price
$775,000
Sold Price
$775,000
Current Estimated Value
$1,105,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,664
Avg. Annual Appreciation
4.67%
Original Mortgage
$450,000
Outstanding Balance
$385,614
Interest Rate
4.38%
Mortgage Type
New Conventional
Estimated Equity
$720,050

Purchase Details

Closed on
May 7, 2016
Sold by
Escamilla Steve A
Bought by
West Coast Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$482,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2016
Sold by
Busa Linda L
Bought by
Escamilla Steve A and Lbc Trust

Purchase Details

Closed on
May 20, 2006
Sold by
Busa Linda L
Bought by
Busa Linda L and Linda L Busa Revocable Trust

Purchase Details

Closed on
Jun 22, 2004
Sold by
Hudak Andrew
Bought by
Busa Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$434,250
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2000
Sold by
Finzi David B
Bought by
Hudak Andrew and Hudak Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,997
Interest Rate
8.53%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 11, 1998
Sold by
J L Peterson Trust and Jo Ann
Bought by
Finzi David B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Beebe Fred K $775,000 Chicago Title Company
West Coast Trust -- Wfg National Title
Escamilla Steve A -- None Available
Busa Linda L -- None Available
Busa Linda L $579,000 Lawyers Title
Hudak Andrew $245,000 Provident Title
Finzi David B $215,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beebe Fred K $450,000
Previous Owner West Coast Trust $482,000
Previous Owner Busa Linda L $434,250
Previous Owner Hudak Andrew $242,997
Closed Busa Linda L $86,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2018 03/30/18 Sold $775,000 0.0% $386 / Sq Ft
02/27/2018 02/27/18 Pending -- -- --
02/21/2018 02/21/18 For Sale $775,000 0.0% $386 / Sq Ft
09/09/2013 09/09/13 Rented $1,695 0.0% --
09/04/2013 09/04/13 Under Contract -- -- --
08/22/2013 08/22/13 For Rent $1,695 -- --
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 $11,259 $881,812 $614,425 $267,387
2024 $11,259 $864,523 $602,378 $262,145
2023 $11,072 $847,572 $590,567 $257,005
2022 $10,394 $830,954 $578,988 $251,966
2021 $10,190 $814,662 $567,636 $247,026
2019 $10,046 $790,500 $550,800 $239,700
2018 $8,406 $665,856 $468,180 $197,676
2016 $8,132 $681,764 $376,796 $304,968
2015 $7,803 $671,525 $371,137 $300,388
2014 $7,747 $658,371 $363,867 $294,504
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18040635

California Regional Multiple Listing Service (CRMLS)

APN: 7253-004-011