NOT LISTED FOR SALE

Estimated Value: $1,386,332

5 Beds
4 Baths
2,550 Sq Ft
$544/Sq Ft Est. Value

Last Sold August 31, 2013

Last sale price $673,000 $264 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $8,498/month

58 Days on Market

About This Home

As of August 2013

3911 Long Beach Blvd. is an opportunity for both investors and an owner / user
to obtain a great asset in Bixby Knolls, one of the most desirable locations in Long
Beach, CA. With convenient access to the 405 / 710 freeway, the property is well
situated on Long Beach Blvd., a major thoroughfare.

Last Agent to Sell the Property

Stephen Heri

S A Heri, Inc. License #01871726 Listed on: 06/30/2013

Last Buyer's Agent

Richard Beale

Beale Properties License #00613671

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,332

Year Built

  • Built in 1922

Lot Details

  • 3,189 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 1 Parking Space

Home Design

  • 2,550 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7139013020

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,000
  • Other Expense $5,400
  • New Taxes Expense $8,400
  • Gross Income $4,385
  • Net Operating Income $35,541

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,332

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Bixby Terrace (BT)
  • Property Type: Residential Income
  • Parcel Number: 7139013020
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 263.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3189.00
  • Lot Size Acres: 0.0730

Multi Family

  • Gross Income: 4385.00
  • Gross Scheduled Income: 52620.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 3189.0000 Square Feet
  • Net Operating Income: 35541.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Operating Expense: 17300.00
  • Other Expense: 5400.00
  • Other Expense Description: Utility
  • Other Income Description: Potential Storage Income
  • Rent Control: No
  • Vacancy Allowance: 1579
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 8400.00
  • Taxes Percent: 1.20
  • Tax Lot: 1
  • Tax Tract Number: 1
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2013
Closed on
Aug 9, 2013
Sold by
Ysn Realty Llc
Bought by
Sauer Paul M and Sauer Luann C
Seller's Agent
Stephen Heri
S A Heri, Inc.
Buyer's Agent
Richard Beale
Beale Properties
List Price
$725,000
Sold Price
$673,000
Premium/Discount to List
-$52,000
-7.17%
Total Days on Market
58
Current Estimated Value
$1,386,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$713,332
Avg. Annual Appreciation
6.05%

Purchase Details

Closed on
Feb 3, 2005
Sold by
Santoro Louis and Broom Kerry L
Bought by
Ysn Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,000
Interest Rate
5.7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Sauer Paul M $673,006 Commonwealth Land Title Co
Ysn Realty Llc -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ysn Realty Llc $267,000
Previous Owner Ysn Realty Llc $322,500
Closed Ysn Realty Llc $258,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2013 08/31/13 Sold $673,000 -7.2% $264 / Sq Ft
08/27/2013 08/27/13 Pending -- -- --
06/30/2013 06/30/13 For Sale $725,000 -- $284 / 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 $11,332 $824,995 $312,590 $512,405
2024 $11,332 $808,819 $306,461 $502,358
2023 $11,132 $792,960 $300,452 $492,508
2022 $10,467 $777,412 $294,561 $482,851
2021 $10,224 $762,170 $288,786 $473,384
2019 $10,186 $739,566 $280,221 $459,345
2018 $9,904 $725,066 $274,727 $450,339
2016 $9,100 $696,912 $264,060 $432,852
2015 $8,751 $686,445 $260,094 $426,351
2014 $8,686 $673,000 $255,000 $418,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13128968

California Regional Multiple Listing Service (CRMLS)

APN: 7139-013-020