NOT LISTED FOR SALE

Estimated Value: $1,576,682

8 Beds
6 Baths
4,000 Sq Ft
$394/Sq Ft Est. Value

Sale Details

Date Sold: October 7, 2016

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

Est. 51% increase in value since last sale

Current estimated payment $10,008 / mo

317 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Modern Architecture
  • Property is near park
  • Main Floor Bedroom
  • Granite Countertops

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

Gamester Real Estate License #01503474 Listed on: 11/07/2015

Last Buyer's Agent

Stephen Chang

Paisley Home Services, Inc License #01702445

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Property Details

Home Type

  • Multi-Family

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
  • 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 in unit
  • Stacked Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Awning

Location

  • Property is near 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

Amenities

  • Laundry Facilities

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

Year Built

Built in 2011 | Remodeled

Lot Details

6,754 Sq Ft Lot

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 Rate: 5.00

Tax Info

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2015
Closed on
Sep 20, 2016
Sold by
Bought by
Seller's Agent
Jeannie Madali
Gamester Real Estate
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
$1,576,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$531,682
Avg. Annual Appreciation
4.27%

Purchase Details

Listed on
Nov 7, 2015
Closed on
Sep 1, 2016
Sold by
Bought by
Seller's Agent
Jeannie Madali
Gamester Real Estate
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
Bought by

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
Bought by

Purchase Details

Closed on
Jun 30, 2008
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Feb 24, 2006
Sold by
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$1,014,000 None Available
-- Usa Title La
-- None Available
$493,500 Chicago Title Company
$696,559 None Available
-- None Available
-- Chicago Title Co
$922,000 Chicago Title Co
$735,000 Chicago Title Co
$353,500 Equity Title
$325,000 Chicago Title Co
$236,000 Commonwealth Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $339,100
Previous Owner $394,400
Previous Owner $235,400
Previous Owner $250,000
Previous Owner $650,000
Previous Owner $100,000
Previous Owner $535,000
Previous Owner $360,000
Previous Owner $318,100
Previous Owner $227,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $15,895 $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

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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

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