4117 E Mendez St Long Beach, CA 90815
Traffic Circle NeighborhoodEstimated Value: $1,901,000 - $2,292,000
9
Beds
6
Baths
4,597
Sq Ft
$456/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- No HOA
- Laundry Room
- Stanford Middle School Rated A-
- Park
- 4 Car Garage
About This Home
As of January 20224117 E Mendez is in a prime location and is the ideal student housing opportunity for CSU Long Beach students. Eliminate the stress of whether tenants are going to pay rent, as student housing rents are typically guaranteed by parents. Located just 5 minutes from CSULB and near the Traffic Circle, with a plethora of restaurants and supermarkets to choose from, this property is in a perfect location for any investor. With large units and an awesome unit mix of one large 3 Bedroom /2 Bath unit, one 2 Bedroom /2 Bath unit, and two 2 Bedroom/ 1 Bath units each with their own garage, this property appeals to a wide range of tenants. As an added bonus, the best part is that you get to set the new rents with THREE units to be delivered vacant at close of escrow.
Last Agent to Sell the Property
Sage Real Estate Group, Inc. License #01417642 Listed on: 08/30/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,921
Year Built
- Built in 1963
Lot Details
- 6,498 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
- Parking Available
- Rear-Facing Garage
Home Design
- Traditional Architecture
- Quadruplex
- Shingle Roof
Interior Spaces
- 4,597 Sq Ft Home
- 1-Story Property
- Family Room with Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Outdoor Features
- Exterior Lighting
Utilities
- Underground Utilities
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 18
- Tax Tract Number 26476
- Assessor Parcel Number 7219008034
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
- Circle Subdivision
Recreation
- Park
- Bike Trail
Building Details
- 1 Leased Unit
- Rent Control
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $432
- Gardener Expense $1,200
- Insurance Expense $1,800
- Maintenance Expense $2,812
- Other Expense $687
- Professional Management Expense $8,324
- Trash Expense $468
- Water Sewer Expense $3,600
- New Taxes Expense $23,438
- Operating Expense $43,279
- Gross Income $144,264
- Net Operating Income $100,985
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 30, 2021
Closed on
Dec 21, 2021
Sold by
Marie Pelletier 2011 Trust
Bought by
Chhun Bory
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Shanelle Tolosa
Trends RE Inc.
List Price
$1,875,000
Sold Price
$1,775,000
Premium/Discount to List
-$100,000
-5.33%
Total Days on Market
91
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,963
Avg. Annual Appreciation
4.46%
Original Mortgage
$1,420,000
Outstanding Balance
$1,322,002
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$736,283
Purchase Details
Closed on
Feb 7, 2011
Sold by
Pelletier Marie
Bought by
Pelletier Marie and Marie Pelletier 2011 Trust
Purchase Details
Closed on
May 14, 2007
Sold by
Lazatin Mary Ann V and Mary Ann V Lazatin 2006 Trust
Bought by
Pelletier Marie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$505,000
Interest Rate
6.41%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 9, 2006
Sold by
Lazatin Mary Ann and Lazatin Jackie
Bought by
Lazatin Mary Ann and Mary Ann Lazatin 2006 Trust
Purchase Details
Closed on
Jul 25, 2006
Sold by
Lazatin Mary Ann and Lazatin Jacqueline
Bought by
Mjl Llc
Purchase Details
Closed on
Aug 11, 2004
Sold by
Anderson Preston Andrew and Price Laramie
Bought by
Lazatin Mary Ann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$633,750
Interest Rate
5.76%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 1, 2004
Sold by
Ciotta David F and David F Ciotta Trust
Bought by
Anderson Preston Andrew
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$633,750
Interest Rate
5.76%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 29, 2003
Sold by
Ciotta David F
Bought by
Ciotta David F and David F Ciotta Trust
Purchase Details
Closed on
Oct 27, 1999
Sold by
Mcclanahan Trust Mcclanahan Russell And Irene
Bought by
Ciotta David F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,200
Interest Rate
7.12%
Similar Homes in Long Beach, CA
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 |
|---|---|---|---|
| Chhun Bory | $1,775,000 | Endpoint Title | |
| Pelletier Marie | -- | None Available | |
| Pelletier Marie | $1,150,000 | Ticor Title Company | |
| Lazatin Mary Ann | -- | Ticor Title Company | |
| Lazatin Mary Ann | -- | Ticor Title Company | |
| Lazatin Mary Ann | -- | None Available | |
| Mjl Llc | -- | None Available | |
| Lazatin Mary Ann | $975,000 | Ticor Gln | |
| Anderson Preston Andrew | -- | Ticor | |
| Anderson Preston Andrew | $855,000 | -- | |
| Ciotta David F | -- | -- | |
| Ciotta David F | $394,000 | North American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chhun Bory | $1,420,000 | |
| Closed | Chhun Bory | $1,420,000 | |
| Previous Owner | Juerges Mark | $55,000 | |
| Previous Owner | Pelletier Marie | $505,000 | |
| Previous Owner | Lazatin Mary Ann | $633,750 | |
| Previous Owner | Anderson Preston Andrew | $650,000 | |
| Previous Owner | Ciotta David F | $402,484 | |
| Previous Owner | Ciotta David F | $315,200 | |
| Closed | Ciotta David F | $31,800 | |
| Closed | Anderson Preston Andrew | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/11/2022 01/11/22 | Sold | $1,775,000 | -5.3% | $386 / Sq Ft |
| 11/29/2021 11/29/21 | Pending | -- | -- | -- |
| 08/30/2021 08/30/21 | For Sale | $1,875,000 | -- | $408 / 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 |
|---|---|---|---|---|
| 2024 | $23,921 | $1,846,710 | $1,144,440 | $702,270 |
| 2023 | $23,524 | $1,810,500 | $1,122,000 | $688,500 |
| 2022 | $18,075 | $1,438,421 | $866,424 | $571,997 |
| 2021 | $17,711 | $1,410,218 | $849,436 | $560,782 |
| 2019 | $15,844 | $1,235,000 | $640,600 | $594,400 |
| 2018 | $15,452 | $1,217,600 | $846,600 | $371,000 |
| 2016 | $11,361 | $925,000 | $486,800 | $438,200 |
| 2015 | $10,446 | $870,000 | $457,900 | $412,100 |
| 2014 | $10,575 | $870,000 | $457,900 | $412,100 |
Source: Public Records
Agents Affiliated with this Home
-
Juan Huizar
Seller's Agent in 2022
Juan Huizar
Sage Real Estate Group, Inc.
(562) 307-0838
1 in this area
105 Total Sales
-
Caleb Baldwin
Seller Co-Listing Agent in 2022
Caleb Baldwin
INTI Realty
(562) 572-4978
1 in this area
61 Total Sales
-
Shanelle Tolosa
S
Buyer's Agent in 2022
Shanelle Tolosa
Trends RE Inc.
(818) 360-3430
1 in this area
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21186034
APN: 7219-008-034
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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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