NOT LISTED FOR SALE

Estimated Value: $821,000 - $1,056,000

4 Beds
2 Baths
1,903 Sq Ft
$490/Sq Ft Est. Value

Last Sold July 30, 2012

Last sale price $355,000 $187 Per Sq Ft

Est. 163% increase in value since last sale

Current estimated payment $5,361/month

14 Days on Market

Highlights

  • Property is near public transit
  • Private Yard
  • Two Homes on a Lot
  • Wood Flooring
  • No HOA
  • Cooling Available

About This Home

As of July 2012

***2-Separate houses on a large lot in high rental area!***Long term tenants on a month-to-month lease. Each house has two spacious bedrooms, extra large closets, full bathrooms and inside laundry hookups. Newer wood floors in the living rooms, hallways, and bedrooms; ceramic tiled flooring in the kitchen and bathrooms. New interior paint, window coverings and fixtures. 2-car detached garage. Good sized front and rear yards are securely fenced. Great property for owner occupancy, or investment!

Last Agent to Sell the Property

Syl Finney

Sylvanus Finney License #01273528 Listed on: 05/31/2012

Last Buyer's Agent

Susana Valdez

Coldwell Banker Envision License #01907405

Coldwell Banker Envision

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,751 Sq Ft Lot
  • No Common Walls
  • Fenced
  • Private Yard
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Turnkey
  • Stucco

Interior Spaces

  • 1,903 Sq Ft Home
  • Track Lighting
  • Blinds
  • Window Screens
  • Living Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

  • Window Bars
  • Fire and Smoke Detector

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Energy-Efficient Construction
  • Exterior Lighting
  • Two Homes on a Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, exterior maintenance, gas, HVAC maintenance, parking fee, repairs
  • Tax Lot 39
  • Tax Tract Number 5717
  • Assessor Parcel Number 7133032047

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $380
  • Water Sewer Expense $1,200
  • Gross Income $2,715
  • Net Operating Income $31,380

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Security: Smoke Detector(s), Window Bars
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Water Sewer Expenses: 1200.00
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7133032047
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Track Lighting, Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Price Per Square Foot: 186.55
  • Room Type: Living Room
  • Window Features: Blinds, Screens

Exterior Features

  • Other Structures: Two On A Lot
  • Fence: Yes
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Driveway, Garage, On Site
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas
  • Laundry Features: Gas & Electric Dryer Hookup, Inside
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

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

Green Features

  • Efficiency: Construction

Lot Info

  • Lot Features: Back Yard, Front Yard, Near Public Transit, Yard
  • Lot Size Sq Ft: 6751.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Cable TV, Electricity, Exterior Maintenance, Gas, HVAC Maintenance, Parking Fee, Repairs

Multi Family

  • Gross Income: 2715.00
  • Gross Scheduled Income: 32580.00
  • Insurance Expense: 380.00
  • Lot Size Area: 6751.0000 Square Feet
  • Net Operating Income: 31380.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 1200.00
  • Rent Control: No
  • Total Actual Rent: 2715.00

Tax Info

  • Tax Lot: 39
  • Tax Tract Number: 5717
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2012
Closed on
Jun 20, 2012
Sold by
Finney Sylvanus K and Syl Finney Trust
Bought by
Valdez Fernando and Valdez Fernando
Seller's Agent
Syl Finney
Sylvanus Finney
Buyer's Agent
Susana Valdez
Coldwell Banker Envision
List Price
$385,000
Sold Price
$355,000
Premium/Discount to List
-$30,000
-7.79%
Current Estimated Value
$933,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$578,127
Avg. Annual Appreciation
7.47%
Original Mortgage
$284,000
Outstanding Balance
$195,152
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$737,975

Purchase Details

Closed on
Apr 18, 2011
Sold by
Finney Sylvanus K
Bought by
Finney Sylvanus K and Syl Finney Trust

Purchase Details

Closed on
Apr 25, 2002
Sold by
Franklin Peyton Edward
Bought by
Finney Sylvanus K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,400
Interest Rate
6.74%

Purchase Details

Closed on
Mar 25, 1994
Sold by
Franklin Hilda K
Bought by
Franklin Peyton Edward and Franklin Hilda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
7.38%
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
Valdez Fernando $355,000 Ticor Title Company
Finney Sylvanus K -- None Available
Finney Sylvanus K $238,000 Investors Title Company
Franklin Peyton Edward -- Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valdez Fernando $284,000
Previous Owner Finney Sylvanus K $190,400
Previous Owner Franklin Peyton Edward $148,500
Closed Finney Sylvanus K $35,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2012 07/30/12 Sold $355,000 -7.8% $187 / Sq Ft
06/14/2012 06/14/12 Pending -- -- --
05/31/2012 05/31/12 For Sale $385,000 -- $202 / 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 $5,837 $437,146 $258,594 $178,552
2024 $5,837 $428,575 $253,524 $175,051
2023 $5,739 $420,172 $248,553 $171,619
2022 $5,397 $411,934 $243,680 $168,254
2021 $5,283 $403,857 $238,902 $164,955
2020 $5,269 $399,717 $236,453 $163,264
2019 $5,209 $391,880 $231,817 $160,063
2018 $5,003 $384,197 $227,272 $156,925
2016 $4,599 $369,281 $218,448 $150,833
2015 $4,418 $363,735 $215,167 $148,568
2014 $4,315 $356,611 $210,953 $145,658
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S12068627

California Regional Multiple Listing Service (CRMLS)

APN: 7133-032-047