NOT LISTED FOR SALE

Estimated Value: $883,000 - $1,264,000

5 Beds
4 Baths
2,260 Sq Ft
$505/Sq Ft Est. Value

Last Sold September 05, 2014

Last sale price $640,000 $283 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $6,801/month

7 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 2 Car Garage
  • Woodrow Wilson High School Rated A

About This Home

As of September 2014

Excellent investment property located in the Circle Area/Eastside of Long Beach. Front unit: 2/bed 2/bath. Back unit: 3/beds 2/baths. Potentially great for owner to live in one unit and rent out the second unit. Both units were recently renovated with new kitchen cabinets, bathroom vanities, showers, and flooring. Parking on drive way or in the detached garage. Laundry room is located to the side of the garage. Property located on a quiet street at the end of the cul-de-sac. Great neighborhood with easy access to shopping and conveniently located near Bryant Elementary School. Do not miss out on this great investment opportunity. Must See! Buyer to verify actual square footage.

Last Agent to Sell the Property

EVAN YEH

DIAMOND TRUST REALTY License #01927152 Listed on: 07/09/2014

Co-Listed By

JEFFERY YAN

DIAMOND TRUST REALTY License #01923559

Last Buyer's Agent

Thaddeus Anderson

Nationwide Real Estate Execs License #01898769

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,105 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • On-Street Parking

Home Design

  • 2,260 Sq Ft Home
  • Property Attached
  • Composition Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 27873
  • Assessor Parcel Number 7253019033

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Insurance Expense $552
  • New Taxes Expense $8,470
  • Gross Income $3,150
  • Net Operating Income $28,778

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Circle (CA)
  • Property Type: Residential Income
  • Parcel Number: 7253019033
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 283.19

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Parking Features: Concrete, Garage, Street
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: In Garage, Individual Room
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7105.00
  • Lot Size Acres: 0.1630

Multi Family

  • Gross Income: 3150.00
  • Gross Scheduled Income: 37800.00
  • Insurance Expense: 552.00
  • Lot Size Area: 7105.0000 Square Feet
  • Net Operating Income: 28778.00
  • Number Of Units Total: 2
  • Operating Expense: 9022.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8470.00
  • Tax Lot: 3
  • Tax Tract Number: 27873
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2014
Closed on
Aug 29, 2014
Sold by
Rac Development Inc
Bought by
Phillips Michael C
Seller's Agent
EVAN YEH
DIAMOND TRUST REALTY
Buyer's Agent
Thaddeus Anderson
Nationwide Real Estate Execs
List Price
$635,000
Sold Price
$640,000
Premium/Discount to List
$5,000
0.79%
Current Estimated Value
$1,140,629

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$500,629
Avg. Annual Appreciation
5.23%
Original Mortgage
$512,000
Outstanding Balance
$391,389
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$749,240

Purchase Details

Closed on
Aug 30, 2013
Sold by
Anderson Deborah J
Bought by
Rac Development Inc and Rac Development Inc Investment Trust Pro

Purchase Details

Closed on
Mar 16, 2006
Sold by
Pfeiler Paul Ennis
Bought by
Anderson Deborah J

Purchase Details

Closed on
Mar 15, 1999
Sold by
Anderson Deborah J
Bought by
Pfeiler Paul Ennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.04%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Phillips Michael C $640,000 Ticor Title Company
Phillips Michael S -- Ticor Title Company
Rac Development Inc -- None Available
Anderson Deborah J $383,500 California Counties Title Co
Pfeiler Paul Ennis -- California Counties Title Co
Pfeiler Paul Ennis -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phillips Michael C $512,000
Previous Owner Pfeiler Paul Ennis $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2014 09/05/14 Sold $640,000 +0.8% $283 / Sq Ft
07/16/2014 07/16/14 Pending -- -- --
07/09/2014 07/09/14 For Sale $635,000 -- $281 / 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 $9,900 $769,174 $540,827 $228,347
2024 $9,900 $754,093 $530,223 $223,870
2023 $9,736 $739,308 $519,827 $219,481
2022 $9,143 $724,813 $509,635 $215,178
2021 $8,960 $710,602 $499,643 $210,959
2019 $8,833 $689,526 $484,824 $204,702
2018 $8,546 $676,007 $475,318 $200,689
2016 $7,857 $649,759 $456,862 $192,897
2015 $7,541 $640,000 $450,000 $190,000
2014 $6,268 $520,000 $360,000 $160,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14144781

California Regional Multiple Listing Service (CRMLS)

APN: 7253-019-033