NOT LISTED FOR SALE

4048 E 15th St Long Beach, CA 90804

Bryant Neighborhood

Estimated Value: $1,232,000 - $1,654,000

8 Beds
6 Baths
4,000 Sq Ft
$371/Sq Ft Est. Value

Last Sold October 07, 2016

Last sale price $1,045,000 $261 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $9,332/month

317 Days on Market

Highlights

  • Open Floorplan
  • Property is near a park
  • Main Floor Bedroom
  • Woodrow Wilson High School Rated A
  • Wood Flooring
  • Modern Architecture

About This Home

As of October 2016

PRICE REDUCED! Location! Location! Location! Don’t miss the opportunity to own this DUPLEX offering an attractive *CAP RATE/return on your investment. Units generate above average rents. Built in 2011, upgrades include but are not limited to: plumbing, electrical, beautiful laminate & tile floors, kitchen, baths, light fixtures, dual pane windows & blinds, panel doors & closet doors. Each unit features 4 spacious bedrooms + den & 3 baths. One bedrm & bath in the main floor. Den can be used as a study/office. Functional kitchen w/granite counter tops & all kitchen appliances included (dishwasher, fridge, stove & microwave). Cozy living room & dining area w/an open layout & a huge balcony right above each unit’s 2-car garage. Inside laundry w/ stackable washer & dryer. Each unit with its own easy to maintain good size backyard. Balcony can be converted into a studio for additional income. Proximity to CSU Long Beach makes the property ideal housing for college students. High demand area, low vacancies, long term & year round even w/college students. Property is minutes to Long Bch Airport, the beach, parks & establishments in the area. Easy access to the fwys & Pacific Coast Hwy. NO rent control. Units typically rent for $3000 per unit.

Last Agent to Sell the Property

Jeannie Madali

REdefine Realty Group License #01503474 Listed on: 11/07/2015

Last Buyer's Agent

Stephen Chang

Paisley Home Services, Inc License #01702445

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,195

Year Built

  • Built in 2011 | Remodeled

Lot Details

  • 6,754 Sq Ft Lot
  • No Common Walls
  • Vinyl Fence
  • Wood Fence
  • Fence is in good condition
  • Front Yard Sprinklers
  • Back and Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Front Facing Garage
  • Two Garage Doors

Home Design

  • Modern Architecture
  • Turnkey
  • Additions or Alterations
  • Shingle Roof

Interior Spaces

  • 4,000 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • Recessed Lighting
  • Double Pane Windows
  • Awning
  • Blinds
  • French Doors
  • Sliding Doors
  • Panel Doors
  • Living Room
  • Home Office
  • Neighborhood Views

Kitchen

  • Gas Range
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Exterior Lighting

Location

  • Property is near a park
  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 18
  • Tax Tract Number 5750
  • Assessor Parcel Number 7253023021

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,400
  • Professional Management Expense $3,660
  • Water Sewer Expense $960
  • New Taxes Expense $7,613
  • Operating Expense $14,633
  • Gross Income $69,540
  • Net Operating Income $54,907

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,195

Year Built

Built in 2011 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 3660.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Eastside (ES)
  • View: Yes
  • Water Sewer Expenses: 960.00
  • Architectural Style: Modern
  • Property Condition: Additions/Alterations, Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7253023021
  • Year Built: 2011
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Crown Molding, Granite Counters, Open Floorplan, Recessed Lighting
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Door Features: French Doors, Panel Doors, Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 261.25
  • Room Type: Den, Living Room, Main Floor Bedroom, Master Bedroom, Office, Walk-In Closet
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Exterior Features: Awning(s), Lighting
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Good Condition, Vinyl, Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Concrete, Garage, Garage Faces Front, Garage - Two Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Inside, Stackable, Washer Hookup
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Park Nearby, Sprinkler System, Sprinklers In Front
  • Lot Size Sq Ft: 6754.00
  • Price Per Lot Square Foot: 155.46
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Operating Income: 69540.00
  • Gross Scheduled Income: 73200.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 6754.0000 Square Feet
  • Net Operating Income: 54907.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 14633.00
  • Rent Control: No
  • Total Actual Rent: 3000.00
  • Total Expenses: 14633.00
  • Vacancy Allowance: 3660
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 7613.00
  • Tax Lot: 18
  • Tax Tract Number: 5750

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2015
Closed on
Sep 20, 2016
Sold by
Chen Chris
Bought by
Chris Chen Family Limited Partnership
Seller's Agent
Jeannie Madali
REdefine Realty Group
Buyer's Agent
Stephen Chang
Paisley Home Services, Inc
List Price
$1,099,999
Sold Price
$1,045,000
Premium/Discount to List
-$54,999
-5%
Current Estimated Value
$1,519,914

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$474,914
Avg. Annual Appreciation
4.65%

Purchase Details

Listed on
Nov 7, 2015
Closed on
Sep 1, 2016
Sold by
Chris Chen Family Limited Partnership
Bought by
Chen Chun Yen and Han Hester
Seller's Agent
Jeannie Madali
REdefine Realty Group
Buyer's Agent
Stephen Chang
Paisley Home Services, Inc
List Price
$1,099,999
Sold Price
$1,045,000
Premium/Discount to List
-$54,999
-5%

Purchase Details

Closed on
Feb 17, 2016
Sold by
Chris Chen Family Limited Partnership
Bought by
Chen Chris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,100
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2008
Sold by
Chen Chris
Bought by
Chris Chen Family Limited Partnership

Purchase Details

Closed on
Jun 30, 2008
Sold by
Us Bank Na
Bought by
Chen Chris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$394,400
Interest Rate
6.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 27, 2007
Sold by
Lewis Elliot Evans
Bought by
Us Bank Na

Purchase Details

Closed on
Feb 24, 2006
Sold by
Lewis Elliot Evan
Bought by
Lewis Elliot and Syphers Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,400
Interest Rate
6.04%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 19, 2006
Sold by
Gonzalez Andrew and Jackert Lisa
Bought by
Jackert Tim and The Andrew Gonzalez & Lisa Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,400
Interest Rate
6.04%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 18, 2005
Sold by
Jackert Tim and The Andrew Gonzalez & Lisa Tru
Bought by
Lewis Elliot Evan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.36%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 12, 2004
Sold by
Hanyak Leslie A
Bought by
Gonzalez Andrew and Jackert Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Interest Rate
3.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 2002
Sold by
Stockhamer Barry L and Stockhamer Sherry H
Bought by
Hanyak Leslie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,100
Interest Rate
6.84%

Purchase Details

Closed on
Jun 16, 2000
Sold by
Benavides Jerry and Anderson Brent
Bought by
Stockhamer Barry L and Stockhamer Sherry H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
8.13%

Purchase Details

Closed on
Jul 7, 1998
Sold by
Trust Bingham Miriam G Tr Miriam G Bingh
Bought by
Benavides Jerry and Anderson Brent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,800
Interest Rate
6.93%
Source: Public Records

Range of Values:

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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
Chris Chen Family Limited Partnership -- None Available
Chen Chun Yen $1,014,000 None Available
Chen Chris -- Usa Title La
Chris Chen Family Limited Partnership -- None Available
Chen Chris $493,500 Chicago Title Company
Us Bank Na $696,559 None Available
Lewis Elliot -- None Available
Jackert Tim -- Chicago Title Co
Lewis Elliot Evan $922,000 Chicago Title Co
Gonzalez Andrew $735,000 Chicago Title Co
Hanyak Leslie A $353,500 Equity Title
Stockhamer Barry L $325,000 Chicago Title Co
Benavides Jerry $236,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Chris $339,100
Previous Owner Chen Chris $394,400
Previous Owner Jackert Tim $235,400
Previous Owner Gonzalez Andrew $250,000
Previous Owner Lewis Elliot Evan $650,000
Previous Owner Gonzalez Andrew $100,000
Previous Owner Gonzalez Andrew $535,000
Previous Owner Hanyak Leslie A $360,000
Previous Owner Hanyak Leslie A $318,100
Previous Owner Stockhamer Barry L $227,500
Previous Owner Benavides Jerry $188,800
Closed Benavides Jerry $35,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2016 10/07/16 Sold $1,045,000 -5.0% $261 / Sq Ft
09/19/2016 09/19/16 Pending -- -- --
11/07/2015 11/07/15 For Sale $1,099,999 -- $275 / 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 $15,195 $1,176,421 $824,013 $352,408
2024 $15,195 $1,153,355 $807,856 $345,499
2023 $14,939 $1,130,741 $792,016 $338,725
2022 $14,026 $1,108,571 $776,487 $332,084
2021 $13,739 $1,086,835 $761,262 $325,573
2019 $13,543 $1,054,601 $738,684 $315,917
2018 $13,155 $1,033,923 $724,200 $309,723
2016 $7,981 $638,122 $310,026 $328,096
2015 $7,666 $628,538 $305,370 $323,168
2014 $7,613 $616,227 $299,389 $316,838
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jeannie Madali

    REdefine Realty Group

    Section Image

  • S

    Buyer's Agent in 2016

    Stephen Chang

    Paisley Home Services, Inc

    (714) 485-3871

    3 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG15242181

California Regional Multiple Listing Service (CRMLS)

APN: 7253-023-021

California Los Angeles County Long Beach 90804 Bryant

4048 E 15th St, Long Beach, CA

This home is located at 4048 E 15th St, Long Beach, CA 90804 since 07 November 2015 and is currently estimated at $1,484,168, approximately $371 per square foot. This property was built in 2011. 4048 E 15th St is a home located in Los Angeles County with nearby schools including Bryant Elementary School, Woodrow Wilson High School, and Maple Village Waldorf School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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