Seller's Agent in 2018
Bob Diulio
First Team Real Estate
(714) 595-2812
32 Total Sales
40 E Market St Long Beach, CA 90805
Addams NeighborhoodEstimated Value: $750,320 - $1,074,000
6
Beds
7
Baths
4,273
Sq Ft
$219/Sq Ft
Est. Value
Highlights
- Laundry Room
- Level Lot
- 3-minute walk to Burton W. Chace Park
- Landscaped
- Wall Furnace
About This Home
As of July 2018This well maintained property has two 2 bedroom, 2 bath units and two 2 bedroom, 3 bath units. Each unit has a double car garage with garage door opener & man door access, inside laundry, dishwasher, their own water heater as well as separate gas and electric meters. All units are rented under Section 8 so no need to worry about the monthly income - it always arrives on time! All repairs are up to date on all units with no deferred maintenance, several units had new carpet installed within the last year. There are no vacancies. This property is also conveniently located to several freeways and public transportation. The Long Beach Blvd. Redevelopment project with shopping, entertainment and restaurants are close by. There is a park across the street and a grade school down the street, all making for desirable tenant occupancy. Bring you investor, do the math on this one it all adds up to a great investment. The City of Long Beach is currently experiencing major redevelopment. The Long Beach Port is undergoing a large (estimated at over $4 billion) redevelopment that will create 14,000 new and permanent jobs in Southern California. The Long Beach market has always enjoyed strong rental growth and with this redevelopment it seems this will continue for years to come.
Last Agent to Sell the Property
First Team Real Estate License #01722187 Listed on: 04/12/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1988
Lot Details
- 6,609 Sq Ft Lot
- 1 Common Wall
- Landscaped
- Level Lot
Parking
- 8 Car Garage
- Parking Available
- Assigned Parking
Home Design
- 4,273 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 6 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
Location
- Suburban Location
Utilities
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 26,2
- Tax Tract Number 5134
- Assessor Parcel Number 7131001071
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Insurance Expense $919
- Water Sewer Expense $2,312
- New Taxes Expense $11,750
- Operating Expense $14,981
- Gross Income $81,600
- Net Operating Income $66,619
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 20, 2004
Sold by
Alvarez Ramiro and Alvarez Isabel
Bought by
Alvarez Ramiro and Alvarez Isabel
Current Estimated Value
Purchase Details
Closed on
Apr 2, 2003
Sold by
Rlj Capital Investment Partnership Lp
Bought by
Alvarez Ramiro and Alvarez Isabel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
5.18%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 31, 1998
Sold by
Lokey John R Trs Lokey Family Trust
Bought by
Rlj Capital Investment Partnership Lp
Purchase Details
Closed on
Dec 10, 1998
Sold by
Lokey John R Trs Lokey Trust
Bought by
Lokey John R and Muriel A Lokey Trust
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Alvarez Ramiro | -- | -- | |
| Alvarez Ramiro | $275,000 | Natc | |
| Rlj Capital Investment Partnership Lp | -- | -- | |
| Rlj Capital Investment Partnership Lp | -- | -- | |
| Lokey John R | -- | -- | |
| Lokey John R | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Alvarez Ramiro | $247,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/20/2018 07/20/18 | Sold | $1,150,000 | -2.1% | $269 / Sq Ft | |
| 04/12/2018 04/12/18 | For Sale | $1,175,000 | +2.2% | $275 / Sq Ft | |
| 04/12/2018 04/12/18 | Off Market | $1,150,000 | -- | -- | |
| 04/12/2018 04/12/18 | Price Changed | $1,175,000 | +900.0% | $275 / Sq Ft | |
| 04/12/2018 04/12/18 | For Sale | $117,500 | -86.0% | $27 / Sq Ft | |
| 07/23/2015 07/23/15 | Sold | $840,000 | +2.6% | $197 / Sq Ft | View Prior Sale |
| 05/26/2015 05/26/15 | Pending | -- | -- | -- | |
| 04/28/2015 04/28/15 | For Sale | $819,000 | +39.5% | $192 / Sq Ft | |
| 06/22/2012 06/22/12 | Sold | $587,000 | -8.1% | $137 / Sq Ft | View Prior Sale |
| 05/16/2012 05/16/12 | Pending | -- | -- | -- | |
| 01/17/2012 01/17/12 | For Sale | $639,000 | -- | $150 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $8,743 | $639,254 | $367,575 | $271,679 |
| 2024 | $8,743 | $626,720 | $360,368 | $266,352 |
| 2023 | $8,594 | $614,432 | $353,302 | $261,130 |
| 2022 | $8,087 | $602,385 | $346,375 | $256,010 |
| 2021 | $7,915 | $590,575 | $339,584 | $250,991 |
| 2020 | $7,894 | $584,740 | $336,102 | $248,638 |
| 2019 | $7,804 | $573,280 | $329,512 | $243,768 |
| 2018 | $7,478 | $562,044 | $323,051 | $238,993 |
| 2016 | $6,882 | $540,009 | $310,507 | $229,502 |
| 2015 | $6,615 | $531,898 | $305,843 | $226,055 |
| 2014 | $6,587 | $521,479 | $299,852 | $221,627 |
Source: Public Records
Agents Affiliated with this Home
-
Bob Diulio
-
Roger Arthur
Buyer's Agent in 2018
Roger Arthur
Keller Williams South Bay
(310) 283-3695
6 Total Sales
-
M
Seller's Agent in 2015
Michael Gormley
Michael Gormley, Broker
-
Richard Bell
Seller's Agent in 2012
Richard Bell
Bell Realty Group
(714) 309-3549
22 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC18083192
APN: 7132-008-006
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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