NOT LISTED FOR SALE

3731 E 8th St Long Beach, CA 90804

Recreation Park Neighborhood

Estimated Value: $906,000 - $1,259,000

4 Beds
2 Baths
1,972 Sq Ft
$548/Sq Ft Est. Value

Last Sold June 12, 2015

Last sale price $605,000 $307 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $6,424/month

17 Days on Market

Highlights

  • Laundry Room
  • Woodrow Wilson High School Rated A
  • Stacked Washer and Dryer

About This Home

As of June 2015

Great Investment Opportunity! Belmont Heights Adjacent. Property features (2) 2bd/1bth units and (1) single car garage. The property was completely rebuilt from the foundation up in 1989. Units are spacious and show very well. Washer and Dryer hookups in both units. Front unit rents for $1,200 and the back unit rents for $1,500. Front unit rent is substantially below market and has not been raised in many years. Their is an additional large storage area connected to the garage. There is a nice little back patio that is great for BBQ's and entertaining. Great area and perfect for investor or owner occupant.

Last Agent to Sell the Property

Spencer Pabst

Pabst, Kinney & Associates License #01849377 Listed on: 04/24/2015

Last Buyer's Agent

Valerie Condon

Keller Williams Coastal Prop. License #00680245

Keller Williams Coastal Prop.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 3,819 Sq Ft Lot
  • 1 Common Wall

Parking

  • 1 Car Garage
  • Parking Available
  • Front Facing Garage
  • Driveway
  • Assigned Parking

Home Design

  • 1,972 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 5770
  • Assessor Parcel Number 7254015018

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $2,700
  • Net Operating Income $32,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Eastside (ES)
  • Property Type: Residential Income
  • Parcel Number: 7254015018
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Garage Faces Front
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Inside, Stackable
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights

Lot Info

  • Lot Size Sq Ft: 3819.00
  • Price Per Lot Square Foot: 158.42
  • Lot Size Acres: 0.0880

Multi Family

  • Gross Income: 2700.00
  • Gross Scheduled Income: 32400.00
  • Lot Size Area: 3819.0000 Square Feet
  • Net Operating Income: 32400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 15
  • Tax Tract Number: 5770
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2015
Closed on
May 11, 2015
Sold by
Mungo Robert Mario
Bought by
Delaguila Ernesto and Carillo Erick
Seller's Agent
Spencer Pabst
Pabst, Kinney & Associates
Buyer's Agent
Valerie Condon
Keller Williams Coastal Prop.
List Price
$629,000
Sold Price
$605,000
Premium/Discount to List
-$24,000
-3.82%
Current Estimated Value
$1,080,108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$475,108
Avg. Annual Appreciation
5.66%
Original Mortgage
$574,404
Outstanding Balance
$441,857
Interest Rate
3.64%
Mortgage Type
FHA
Estimated Equity
$638,251

Purchase Details

Closed on
Jan 25, 2002
Sold by
Jones James Wallace
Bought by
Jones James W
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
Delaguila Ernesto $605,000 Fidelity National Title Co
Jones James W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delaguila Ernesto $574,404
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2015 06/12/15 Sold $605,000 -3.8% $307 / Sq Ft
05/11/2015 05/11/15 Pending -- -- --
04/24/2015 04/24/15 For Sale $629,000 -- $319 / 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 $9,177 $727,112 $504,773 $222,339
2024 $9,177 $712,856 $494,876 $217,980
2023 $9,023 $698,879 $485,173 $213,706
2022 $8,467 $685,176 $475,660 $209,516
2021 $8,300 $671,742 $466,334 $205,408
2020 $8,278 $664,855 $461,553 $203,302
2019 $8,180 $651,819 $452,503 $199,316
2018 $7,920 $639,039 $443,631 $195,408
2016 $7,282 $614,226 $426,405 $187,821
2015 $3,538 $291,489 $211,095 $80,394
2014 -- $285,780 $206,960 $78,820
Source: Public Records

Agents Affiliated with this Home

  • Spencer Pabst

    Seller's Agent in 2015

    Spencer Pabst

    Pabst, Kinney & Associates

    (562) 884-6875

    52 Total Sales

    Spencer Pabst
    Section Image

  • V

    Buyer's Agent in 2015

    Valerie Condon

    Keller Williams Coastal Prop.

    (562) 400-5340

    1 in this area

    26 Total Sales

    Valerie Condon
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15087158

California Regional Multiple Listing Service (CRMLS)

APN: 7254-015-018

California Los Angeles County Long Beach 90804 Recreation Park

3731 E 8th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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