NOT LISTED FOR SALE

Estimated Value: $1,147,000 - $1,286,000

5 Beds
4 Baths
2,528 Sq Ft
$487/Sq Ft Est. Value

Last Sold September 07, 2018

Last sale price $980,000 $388 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $7,868/month

33 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • Living Room
  • Woodrow Wilson High School Rated A
  • Neighborhood Views
  • Laundry Room

About This Home

As of September 2018

Lender owned. Unique 4 house compound in great Circle Area, all with their own character. 50 X 130 street to alley R2 lot with 230' of street and alley frontage. 3700: wildly remodeled 2 bed (used to be 3) 2 bath, attached garage, private yard. 3708: large 1 bed with walkin, covered porch, white picket fence. 3710: 1 bed with balcony above 2 car garage. 3712: 1 bed with builtin dining booth, private yard. Raised foundations, separate gas and electric meters, no rent control, lot's of upside in rents. Very quiet 2 block long street, 81 Walkscore: 1 block to Bryant Elementary, walkable to Recreation Park (best in L.B.), 3-7 minutes to beach, Trader Joes, golf course, 405 and L.B. airport.

Last Agent to Sell the Property

Leo Nordine

Nordine Realtors, Inc. License #00961679 Listed on: 03/22/2018

Last Buyer's Agent

Michelle Harding

Keller Williams Coastal Prop. License #01996454

Keller Williams Coastal Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,010

Year Built

  • Built in 1953

Lot Details

  • 6,500 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Level Lot
  • Back and Front Yard

Parking

  • 5 Open Parking Spaces
  • 3 Car Garage

Home Design

  • Craftsman Architecture
  • Raised Foundation
  • Frame Construction
  • Stucco

Interior Spaces

  • 2,528 Sq Ft Home
  • Living Room
  • Neighborhood Views
  • Laundry Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1981
  • Assessor Parcel Number 7253008001

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gross Income $66,600
  • Net Operating Income $66,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,010

Year Built

Built in 1953

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Subdivision Name Other: Circle (CA)
  • View: Yes
  • Zoning: LBR2N
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Parcel Number: 7253008001
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: North facing
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: No
  • Price Per Square Foot: 387.66
  • Room Type: Kitchen, Laundry, Living Room

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Level with Street
  • Lot Size Sq Ft: 6500.00

Multi Family

  • Garage Income: 125.00
  • Gross Income: 66600.00
  • Gross Scheduled Income: 66600.00
  • Net Operating Income: 66600.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5750.02
  • Tax Lot: 1
  • Tax Tract Number: 1981

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2019
Sold by
Maier Matthew Paul Benedict and Gilbertson Garrett Chase
Bought by
Maier Matthew Paul Benedict
Current Estimated Value
$1,232,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,053,000
Interest Rate
3.82%
Mortgage Type
VA

Purchase Details

Listed on
Mar 22, 2018
Closed on
Jul 9, 2018
Sold by
Smith Stephen and Smith Susan C
Bought by
Maier Matthew Paul Benedict and Gilbertson Garrett Chase
Seller's Agent
Leo Nordine
Nordine Realtors, Inc.
Buyer's Agent
Michelle Harding
Keller Williams Coastal Prop.
List Price
$999,000
Sold Price
$980,000
Premium/Discount to List
-$19,000
-1.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.91%
Original Mortgage
$904,900
Interest Rate
4.5%
Mortgage Type
VA

Purchase Details

Closed on
Sep 5, 2014
Sold by
Fiserv Iss & Co
Bought by
Pensco Trust Company

Purchase Details

Closed on
Aug 25, 2010
Sold by
Adams Mark
Bought by
California Western Financial Investments

Purchase Details

Closed on
May 16, 2006
Sold by
Brizuela Roberto and Brizuela Robert
Bought by
Adams Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 13, 1999
Sold by
Knops Joyce E and Knops Wayne
Bought by
Brizuela Robert and Brizuela Arlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,200
Interest Rate
4.45%
Source: Public Records

Range of Values:

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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
Maier Matthew Paul Benedict $600,000 Amrock Inc
Maier Matthew Paul Benedict $980,000 Usa Title
Pensco Trust Company -- None Available
California Western Financial Investments $230,000 Chicago Title
Adams Mark $739,000 Chicago Title Co
Brizuela Robert $272,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maier Matthew Paul Benedict $1,015,299
Closed Maier Matthew Paul Benedict $1,053,000
Previous Owner Maier Matthew Paul Benedict $904,900
Previous Owner Adams Mark $585,000
Previous Owner Adams Mark $585,000
Previous Owner Brizuela Robert $231,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2018 09/07/18 Sold $980,000 -1.9% $388 / Sq Ft
03/22/2018 03/22/18 For Sale $999,000 -- $395 / 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 $14,010 $1,082,486 $756,637 $325,849
2024 $14,010 $1,061,261 $741,801 $319,460
2023 $13,772 $1,040,453 $727,256 $313,197
2022 $12,931 $1,020,053 $712,997 $307,056
2021 $12,673 $1,000,053 $699,017 $301,036
2020 $12,640 $989,800 $691,850 $297,950
2019 $12,609 $980,000 $685,000 $295,000
2018 $7,975 $608,027 $427,871 $180,156
2016 $7,340 $584,418 $411,257 $173,161
2015 $7,052 $575,640 $405,080 $170,560
2014 $7,017 $564,365 $397,146 $167,219
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18065851

California Regional Multiple Listing Service (CRMLS)

APN: 7253-008-001