NOT LISTED FOR SALE

Estimated Value: $973,000 - $1,154,000

4 Beds
2 Baths
1,767 Sq Ft
$592/Sq Ft Est. Value

Last Sold September 07, 2016

Last sale price $710,000 $402 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $7,119/month

63 Days on Market

About This Home

As of September 2016

Remodeled! Two houses on a lot near the traffic circle and CSU Long Beach. Front house built in 1916 with detached single car garage, long driveway, remodeled kitchen, remodeled bathroom, large master bedroom with door to private backyard made for a spa! Garage has laundry hookups inside too. Large Back House was built in 1963 with attached 2 car garage. Two bedrooms, one bath with large remodeled kitchen, remodeled bathroom and private backyard. The units have off-street parking on the driveway plus the garages! Easy rentals, close to CSU-Long Beach, VA Hospital, Community Hospital, transportation, freeways, shopping, restaurants and so much more. Located mid-way between Los Angeles and Orange County.

Last Agent to Sell the Property

Richard Daskam

eXp Realty of California Inc License #01091037 Listed on: 05/26/2016

eXp Realty of California Inc

Last Buyer's Agent

Chasin Prather

Chasin RE License #01447886

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,523

Year Built

  • Built in 1966

Lot Details

  • 6,779 Sq Ft Lot
  • No Common Walls

Parking

  • 3 Car Garage

Home Design

  • 1,767 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Ocean Side of Highway 1

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7253019007

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,350
  • Insurance Expense $675
  • Maintenance Expense $1,800
  • Trash Expense $250
  • Water Sewer Expense $250
  • New Taxes Expense $9,000
  • Gross Income $3,795
  • Net Operating Income $31,965

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,523

Year Built

Built in 1966

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Circle (CA)
  • Water Sewer Expenses: 250.00
  • Property Type: Residential Income
  • Gardener Expense: 1350.00
  • Parcel Number: 7253019007
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 401.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 250.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6779.00
  • Price Per Lot Square Foot: 104.74

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 3795.00
  • Gross Multiplier: 16.40
  • Gross Scheduled Income: 45540.00
  • Insurance Expense: 675.00
  • Maintenance Expense: 1800.00
  • Net Operating Income: 31965.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 13575.00
  • Rent Control: No
  • Total Actual Rent: 3795.00
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 9000.00
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2016
Sold by
Ellis John F B and John Ellis Living Trust
Bought by
Miller Matthew J
Current Estimated Value
$1,140,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$603,500
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2004
Sold by
Ellis John Francis Benjamin
Bought by
Ellis John F B and The John Ellis Living Trust
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
Miller Matthew J $710,000 Chicago Title Company
Ellis John F B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Matthew J $100,000
Previous Owner Miller Matthew J $603,500
Previous Owner Ellis John $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2016 09/07/16 Sold $710,000 -5.3% $402 / Sq Ft
06/01/2016 06/01/16 Pending -- -- --
03/30/2016 03/30/16 For Sale $750,000 -- $424 / 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 $10,523 $824,012 $580,292 $243,720
2024 $10,523 $807,856 $568,914 $238,942
2023 $10,348 $792,016 $557,759 $234,257
2022 $9,713 $776,487 $546,823 $229,664
2021 $9,523 $761,262 $536,101 $225,161
2020 $9,499 $753,457 $530,604 $222,853
2019 $9,388 $738,684 $520,200 $218,484
2018 $9,098 $724,200 $510,000 $214,200
2016 $2,901 $223,119 $84,781 $138,338
2015 $2,790 $219,769 $83,508 $136,261
2014 $2,782 $215,465 $81,873 $133,592
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16065205

California Regional Multiple Listing Service (CRMLS)

APN: 7253-019-007