NOT LISTED FOR SALE

Estimated Value: $1,001,000 - $1,192,000

2 Beds
1 Bath
2,104 Sq Ft
$525/Sq Ft Est. Value

Last Sold September 15, 2015

Last sale price $585,000 $278 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $6,322/month

50 Days on Market

About This Home

As of September 2015

Rare duplex for sale in Traffic Circle area of East Long Beach. Recent foreclosure.

Last Agent to Sell the Property

Darren Hamilton

Hamilton Pacific Real Estate License #01226720 Listed on: 06/11/2015

Last Buyer's Agent

Chris Miller

Miller Real Estate License #01723166

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 5,979 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • 2,104 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 11
  • Tax Tract Number 46
  • Assessor Parcel Number 7253019011

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $1,000
  • Water Sewer Expense $1,000
  • New Taxes Expense $7,200
  • Gross Income $3,150
  • Net Operating Income $27,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Subdivision Name Other: Circle (CA)
  • Water Sewer Expenses: 1000.00
  • Property Type: Residential Income
  • Parcel Number: 7253019011
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 278.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Storm Drains, Suburban

Lot Info

  • Lot Size Sq Ft: 5979.00
  • Price Per Lot Square Foot: 97.84
  • Lot Size Acres: 0.1370

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 3150.00
  • Gross Scheduled Income: 37800.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 5979.0000 Square Feet
  • Net Operating Income: 27600.00
  • 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: 10200.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 7200.00
  • Tax Lot: 11
  • Tax Tract Number: 46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2024
Sold by
Bailey Jerad
Bought by
Jerad A Bailey Trust and Bailey
Current Estimated Value
$1,067,473

Purchase Details

Closed on
Mar 23, 2020
Sold by
Cookie Joe Llc
Bought by
Bailey Jerad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,430
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2018
Sold by
Bailey Jerad A
Bought by
Cookie Joe Llc

Purchase Details

Closed on
May 1, 2017
Sold by
Bailey Jerad A
Bought by
Bailey Jerad A and The Jerad A Bailey Trust

Purchase Details

Listed on
Jun 11, 2015
Closed on
Aug 2, 2015
Sold by
Farmers & Merchants Trust Company Of Lon
Bought by
Bailey Jerad
Seller's Agent
Darren Hamilton
Hamilton Pacific Real Estate
Buyer's Agent
Chris Miller
Miller Real Estate
List Price
$620,000
Sold Price
$585,000
Premium/Discount to List
-$35,000
-5.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.36%
Original Mortgage
$574,404
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 4, 2015
Sold by
Stojakovic Danny
Bought by
Farmers & Merchants Trust Company Of Lon and Mcconnel Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$574,404
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 2, 2010
Sold by
Stojakovic Danny
Bought by
D Benz Llc

Purchase Details

Closed on
Jul 9, 2003
Sold by
Mcconnel Charles E and Mcconnel Betty J
Bought by
Stojakovic Danny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
5.15%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Jerad A Bailey Trust -- None Listed On Document
Bailey Jerad -- Provident Title Company
Cookie Joe Llc -- None Available
Bailey Jerad A -- None Available
Bailey Jerad $585,000 Ticor Title
Farmers & Merchants Trust Company Of Lon $196,739 Fidelity National Title Co
D Benz Llc -- Accommodation
Stojakovic Danny $405,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bailey Jerad $543,430
Previous Owner Bailey Jerad $574,404
Previous Owner Stojakovic Danny $405,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2015 09/15/15 Sold $585,000 -5.6% $278 / Sq Ft
07/31/2015 07/31/15 Pending -- -- --
06/11/2015 06/11/15 For Sale $620,000 -- $295 / 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 $8,945 $692,515 $485,353 $207,162
2024 $8,945 $678,937 $475,837 $203,100
2023 $8,796 $665,625 $466,507 $199,118
2022 $8,261 $652,574 $457,360 $195,214
2021 $8,095 $639,780 $448,393 $191,387
2020 $8,073 $728,280 $468,180 $260,100
2019 $7,980 $620,806 $435,095 $185,711
2018 $7,720 $608,634 $426,564 $182,070
2016 $7,097 $585,000 $410,000 $175,000
2015 $5,719 $479,105 $242,510 $236,595
2014 $5,684 $469,721 $237,760 $231,961
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15126262

California Regional Multiple Listing Service (CRMLS)

APN: 7253-019-011