NOT LISTED FOR SALE

416 W 8th St Long Beach, CA 90813

Willmore Neighborhood

Estimated Value: $643,000 - $1,033,000

4 Beds
4 Baths
1,918 Sq Ft
$443/Sq Ft Est. Value

Last Sold June 18, 2020

Last sale price $680,000 $355 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $5,252/month

96 Days on Market

About This Home

As of June 2020

Upgraded classic four unit low maintenance building in the desirable Drake Park neighborhood in newly energized down town Long Beach. Exterior of building including rain gutters was newly painted in December of 2019. Bike to the ocean and the amazing pike and Seaport Village. Easy access to freeways and the metro.

Last Agent to Sell the Property

Carleton Carlson

Re/Max R. E. Specialists License #00908802 Listed on: 01/28/2020

Re/Max R. E. Specialists

Last Buyer's Agent

Angie Nguyen

SoCal AllOffers License #01430602

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1906

Lot Details

  • 2,500 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 1,918 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Legal Lot and Block 3 / 36
  • Tax Tract Number 36
  • Assessor Parcel Number 7272018011

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,940
  • Gardener Expense $720
  • Insurance Expense $1,823
  • Operating Expense $4,483

Property Details

Home Type

Multi-Family

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Willmore District (WM)
  • Zoning: LBPD10
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7272018011
  • Year Built: 1906
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 354.54

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2500.00
  • Lot Size Acres: 0.0574

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 1940.00
  • Gross Scheduled Income: 45840.00
  • Insurance Expense: 1823.00
  • Lot Size Area: 2500.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Range: 4
  • Rent Control: Yes
  • Total Expenses: 4483.00

Tax Info

  • Tax Block: 36
  • Tax Census Tract: 5758.02
  • Tax Lot: 3
  • Tax Tract Number: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2020
Closed on
Apr 30, 2020
Sold by
Malbasa Nikola
Bought by
Nguyen Hieu Trung
Seller's Agent
Carleton Carlson
Re/Max R. E. Specialists
Buyer's Agent
Angie Nguyen
SoCal AllOffers
List Price
$749,000
Sold Price
$680,000
Premium/Discount to List
-$69,000
-9.21%
Current Estimated Value
$850,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,024
Avg. Annual Appreciation
4.10%
Original Mortgage
$516,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2005
Sold by
Venturi Anthony
Bought by
Malbasas Nikola

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 4, 2005
Sold by
Villasenor Richard A
Bought by
Venturi Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 22, 2004
Sold by
Venturi Anthony
Bought by
Villasenor Richard A

Purchase Details

Closed on
Mar 11, 2003
Sold by
Perez Ricardo and Suchesk Lisa
Bought by
Venturi Anthony R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,325
Interest Rate
4.3%

Purchase Details

Closed on
Apr 25, 2002
Sold by
Souza Anthony P and Yeagley Charles W
Bought by
Perez Ricardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,500
Interest Rate
6.74%

Purchase Details

Closed on
Jan 15, 1998
Sold by
Souza Anthony P and Yeagley Charles W
Bought by
Souza Anthony P

Purchase Details

Closed on
Dec 10, 1997
Sold by
Berklas Marilyn A
Bought by
Berklas James P

Purchase Details

Closed on
Jun 26, 1996
Sold by
Yeagley Gloriana
Bought by
Yeagley Charles W

Purchase Details

Closed on
Jun 6, 1996
Sold by
Monne Lee
Bought by
Souza Anthony P and Yeagley Charles W

Purchase Details

Closed on
Jan 31, 1995
Sold by
Monne Kelsey Rose Alonso
Bought by
Monne Lee J

Purchase Details

Closed on
Jan 26, 1995
Sold by
Hud
Bought by
Monne Lee

Purchase Details

Closed on
Mar 23, 1994
Sold by
Gmac Mtg Service Company Of California
Bought by
Gmac Mtg Corp Of Iowa
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
Nguyen Hieu Trung $680,000 Fidelity National Title Co
Malbasas Nikola $655,000 Old Republic Title Company
Venturi Anthony -- --
Villasenor Richard A -- --
Venturi Anthony R $374,500 Chicago Title Co
Perez Ricardo $215,000 Equity Title
Souza Anthony P -- North American Title Co
Berklas James P -- North American Title Co
Yeagley Charles W -- North American Title Co
Souza Anthony P -- North American Title Co
Souza Anthony P $123,000 North American Title
Monne Lee J -- California Counties Title Co
Monne Lee $43,000 California Counties Title Co
Gmac Mtg Corp Of Iowa $174,575 Chicago Title
Hud -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nguyen Hieu Trung $516,000
Previous Owner Malbasas Nikola $524,000
Previous Owner Venturi Anthony R $318,325
Previous Owner Perez Ricardo $193,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2020 06/18/20 Sold $680,000 -9.2% $355 / Sq Ft
05/14/2020 05/14/20 Pending -- -- --
02/07/2020 02/07/20 For Sale $749,000 +10.1% $391 / Sq Ft
01/28/2020 01/28/20 Off Market $680,000 -- --
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 $9,737 $743,674 $481,202 $262,472
2024 $9,737 $729,093 $471,767 $257,326
2023 $9,567 $714,798 $462,517 $252,281
2022 $8,983 $700,784 $453,449 $247,335
2021 $8,797 $687,044 $444,558 $242,486
2020 $10,436 $818,456 $662,267 $156,189
2019 $10,313 $802,409 $649,282 $153,127
2018 $10,062 $786,676 $636,551 $150,125
2016 $9,265 $756,131 $611,834 $144,297
2015 $8,893 $744,774 $602,644 $142,130
2014 $8,840 $730,186 $590,840 $139,346
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Carleton Carlson

    RE/MAX

    Section Image
  • Angie Nguyen

    Buyer's Agent in 2020

    Angie Nguyen

    SoCal AllOffers

    (714) 747-8015

    39 Total Sales

    Angie Nguyen
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20019592

California Regional Multiple Listing Service (CRMLS)

APN: 7272-018-011

California Los Angeles County Long Beach 90813 Willmore

416 W 8th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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