NOT LISTED FOR SALE
7 Beds
6 Baths
3,907 Sq Ft
6,157 Sq Ft Lot

Sale Details

Date Sold: November 24, 2020

Last sale price $1,260,000 $322 Per Sq Ft

55 Days on Market

Highlights

  • Fireplace in Kitchen
  • Spanish Architecture
  • Cooling System Mounted To A Wall/Window
  • Fremont Elementary School Rated A
  • No HOA
  • Ceramic Countertops

About This Home

As of November 2020

Great location in this growing area of long beach, centrally located close to high school/college .easy access to freeways with a strong rental market .Upside potential on rents, upstairs has a 2 bedroom with den, another 2 bedroom and 3- one bedrooms.Property is 6 unit on title, so looks as if prior owners combined the upstairs unit.4 one car enclosed garages with common laundry area.. drive by only and walk thru with accepted offer...

Last Agent to Sell the Property

David Macleod

Coldwell Banker Realty License #00934704 Listed on: 08/11/2020

Coldwell Banker Realty

Co-Listed By

Lori Thompson

Coldwell Banker Realty License #01897484

Last Buyer's Agent

Ana Maria Nava

West Shores Realty, Inc. License #01421262

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 6,157 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Spanish Architecture
  • Apartment
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,907 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Range
  • Ceramic Countertops
  • Fireplace in Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 11
  • Tax Tract Number 1
  • Assessor Parcel Number 7254028012

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Recreation

  • Bike Trail

Building Details

  • 5 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,300
  • Other Expense $2,400
  • Pest Control $700
  • Supplies Expense $350
  • Trash Expense $1,200
  • Water Sewer Expense $800
  • New Taxes Expense $15,000
  • Operating Expense $22,800
  • Gross Income $92,740
  • Net Operating Income $74,352

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

6,157 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Subdivision Name Other: //
  • Supplies Expense: 350.00
  • View: No
  • Water Sewer Expenses: 800.00
  • Architectural Style: Spanish
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7254028012
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceramic Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Kitchen
  • Levels: Two
  • Price Per Square Foot: 322.50

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 700.00
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 6157.00
  • Lot Size Acres: 0.1413

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 92740.00
  • Gross Multiplier: 15.00
  • Gross Scheduled Income: 92940.00
  • Insurance Expense: 2300.00
  • Laundry Income: 100.00
  • Lot Size Area: 6157.0000 Square Feet
  • Net Operating Income: 74352.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Carpet: 5
  • Number With Range: 5
  • Operating Expense: 18588.00
  • Other Expense: 2400.00
  • Rent Control: Yes
  • Total Actual Rent: 102618.00
  • Total Expenses: 22800.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Lot: 11
  • Tax Tract Number: 1

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
Aug 11, 2020
Closed on
Oct 19, 2020
Sold by
Bought by
Seller's Agent
David Macleod
Coldwell Banker Realty
Buyer's Agent
Ana Maria Nava
West Shores Realty, Inc.
List Price
$1,399,000
Sold Price
$1,260,000
Premium/Discount to List
-$139,000
-9.94%

Purchase Details

Closed on
Sep 7, 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
$500,000
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 11, 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
$500,000
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 2014
Sold by
Bought by

Purchase Details

Closed on
Jan 9, 2012
Sold by
Bought by

Purchase Details

Closed on
Jun 21, 2011
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
$408,100
Interest Rate
4.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 16, 1995
Sold by
Bought by

Purchase Details

Closed on
Aug 24, 1995
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
$1,260,000 Chicago Title
-- First American Title Company
-- None Available
-- None Available
-- None Available
$605,000 Fidelity Van Nuys
-- Investors Title Company
$162,000 Investors 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
Open $675,000
Previous Owner $500,000
Previous Owner $408,100
Previous Owner $450,000
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
11/24/2020 11/24/20 Sold $1,260,000 -9.9% $322 / Sq Ft
10/05/2020 10/05/20 Pending -- -- --
08/11/2020 08/11/20 For Sale $1,399,000 -- $358 / 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 $18,467 $1,363,863 $865,945 $497,918
2024 $17,656 $1,337,121 $848,966 $488,155
2023 $17,357 $1,310,904 $832,320 $478,584
2022 $16,297 $1,285,200 $816,000 $469,200
2021 $15,965 $1,260,000 $800,000 $460,000
2020 $9,295 $694,837 $482,367 $212,470
2019 $9,187 $681,213 $472,909 $208,304
2018 $8,885 $667,857 $463,637 $204,220
2016 $8,168 $641,926 $445,635 $196,291
2015 $7,850 $632,285 $438,942 $193,343
2014 $7,822 $619,900 $430,344 $189,556
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20160754

California Regional Multiple Listing Service (CRMLS)
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