NOT LISTED FOR SALE

423 E 14th St Long Beach, CA 90813

Central Neighborhood

Estimated Value: $787,000 - $883,000

5 Beds
3 Baths
1,778 Sq Ft
$464/Sq Ft Est. Value

Last Sold May 09, 2016

Last sale price $425,000 $239 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $4,877/month

22 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Living Room
  • Bungalow
  • Long Beach Polytechnic High School Rated A
  • Laundry Room
  • 2-minute walk to Peace Park

About This Home

As of May 2016

Three unit income property near downtown Long Beach. Two 2 bedroom units and one 1 bedroom unit. Fully occupied building. The property has separate gas meters and one gang electric meter. Inside, stacked washer and dryer in both 2 bedroom units. The property is located behind 425 E. 14th Street, down the alley. Each unit has a private patio. PLEASE DO NOT DISTURB TENANTS. Interior viewing only upon acceptance of buyer's offer.

Last Agent to Sell the Property

Mia Mochidome

Century 21 On Target License #01994158 Listed on: 03/22/2016

Century 21 On Target

Last Buyer's Agent

Elmer Brizuela

United Executives Group License #01503191

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 3,573 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Bungalow
  • Property Attached
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,778 Sq Ft Home
  • Living Room

Kitchen

  • Gas Oven
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Stacked Washer and Dryer

Home Security

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

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tax Lot 006
  • Tax Tract Number 7269
  • Assessor Parcel Number 7269025006

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,600
  • Insurance Expense $600
  • Trash Expense $400
  • Water Sewer Expense $1,280
  • New Taxes Expense $3,372
  • Gross Income $2,369
  • Net Operating Income $2,369

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 1280.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 7269025006
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Formica Counters, Unfurnished
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Price Per Square Foot: 239.03
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • Foundation: Raised
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Utilities

  • Utilities: Natural Gas Available, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Refrigerator, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, In Kitchen, Stackable, Washer Hookup, Washer Included
  • Trash Expense: 400.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3573.00
  • Price Per Lot Square Foot: 118.95

Multi Family

  • Electric Expense: 3600.00
  • Gross Income: 2369.00
  • Gross Scheduled Income: 3150.00
  • Insurance Expense: 600.00
  • Net Operating Income: 2369.00
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 781.00
  • Rent Control: No
  • Total Actual Rent: 3150.00

Tax Info

  • New Taxes Expense: 3372.00
  • Tax Lot: 006
  • Tax Tract Number: 7269

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2020
Sold by
Cervantes Angel
Bought by
Cervantes Angel and The Angel Cervantes Family Tru
Current Estimated Value
$824,276

Purchase Details

Closed on
May 15, 2019
Sold by
Cervantes Angel
Bought by
Angel Cervantes Family Trust

Purchase Details

Listed on
Mar 22, 2016
Closed on
Apr 5, 2016
Sold by
Youngerman Nancy and The Alpha May Draper Trust Of
Bought by
Cervantes Angel
Seller's Agent
Mia Mochidome
Century 21 On Target
Buyer's Agent
Elmer Brizuela
United Executives Group
List Price
$425,000
Sold Price
$425,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.12%
Original Mortgage
$318,750
Outstanding Balance
$253,476
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$570,800

Purchase Details

Closed on
Aug 26, 2008
Sold by
Youngerman Nancy
Bought by
Youngerman Nancy and Alpha May Draper Trust Of 1982

Purchase Details

Closed on
May 22, 2008
Sold by
Youngerman Nancy
Bought by
Youngerman Nancy V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2008
Sold by
Hsbc Bank Usa Na
Bought by
Youngerman Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2008
Sold by
Mochidome Kanji William
Bought by
Youngerman Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2007
Sold by
Okeke Patrick
Bought by
Hsbc Bank Usa Na and Nomura Asset Acceptance Corp Mortgage Pa

Purchase Details

Closed on
Jan 29, 2006
Sold by
Okeke Patrick
Bought by
Deotobo Junior

Purchase Details

Closed on
Sep 16, 2005
Sold by
Angha Eskandar and Angha Sophia K
Bought by
Okeke Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,000
Interest Rate
7.62%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 22, 2005
Sold by
Lane Regina
Bought by
Angha Eskandar and Angha Sophia K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 2004
Sold by
Hud
Bought by
Lane Regina

Purchase Details

Closed on
May 12, 2003
Sold by
Chase Manhattan Mortgage Corp
Bought by
Hud

Purchase Details

Closed on
Jul 18, 2002
Sold by
Macquithy Gregory C and Wine Betty
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Oct 22, 1999
Sold by
Fleming Kenneth
Bought by
Macquithy Gregory C and Wine Betty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,871
Interest Rate
7.72%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 8, 1999
Sold by
Fleming Ardra
Bought by
Fleming Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,871
Interest Rate
7.72%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 16, 1999
Sold by
Chase Manhattan Mtg Corp
Bought by
Fleming Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
7.66%

Purchase Details

Closed on
May 5, 1998
Sold by
Ramirez Marc
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
May 12, 1997
Sold by
Golbakhsh Maryam
Bought by
Ramirez Marc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,180
Interest Rate
7.98%
Mortgage Type
FHA

Purchase Details

Closed on
May 8, 1996
Sold by
Mazandarani Mehran
Bought by
Golbakhsh Maryam

Purchase Details

Closed on
Aug 21, 1995
Sold by
Whorley William R and Texas Commerce Bank Na
Bought by
Texas Commerce Bank Na
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cervantes Angel -- Unisource
Cervantes Angel -- Unisource Inc
Angel Cervantes Family Trust -- None Available
Cervantes Angel $425,000 Ticor Title Company
Youngerman Nancy -- Accommodation
Youngerman Nancy V -- United Title Co Orange Cty
Youngerman Nancy $247,000 North American Title Co
Youngerman Nancy -- North American Title
Hsbc Bank Usa Na $490,396 None Available
Deotobo Junior -- None Available
Okeke Patrick $565,000 Equity Title Company
Angha Eskandar $450,000 Ticor Title
Lane Regina $300,000 First American Title Co Los
Hud -- First American Title Ins Co
Chase Manhattan Mtg Corp $141,775 First American Title Ins Co
Macquithy Gregory C $138,000 First American Title Co
Fleming Kenneth -- First American
Fleming Kenneth $40,000 First American Title Co
Chase Manhattan Mtg Corp $144,179 --
Ramirez Marc $135,000 Old Republic Title
Golbakhsh Maryam -- Stewart Title
Texas Commerce Bank Na $87,389 First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cervantes Angel $318,750
Previous Owner Youngerman Nancy V $260,000
Previous Owner Okeke Patrick $452,000
Previous Owner Angha Eskandar $360,000
Previous Owner Macquithy Gregory C $136,871
Previous Owner Fleming Kenneth $79,000
Previous Owner Ramirez Marc $133,180
Closed Fleming Kenneth $25,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2016 05/09/16 Sold $425,000 0.0% $239 / Sq Ft
04/13/2016 04/13/16 Pending -- -- --
03/22/2016 03/22/16 For Sale $425,000 -- $239 / 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 $6,710 $503,108 $177,566 $325,542
2024 $6,710 $493,244 $174,085 $319,159
2023 $6,594 $483,573 $170,672 $312,901
2022 $6,196 $474,092 $167,326 $306,766
2021 $6,065 $464,797 $164,046 $300,751
2020 $6,049 $460,272 $162,364 $297,908
2019 $5,979 $451,253 $159,181 $292,072
2018 $5,776 $442,410 $156,060 $286,350
2016 $3,507 $268,685 $217,561 $51,124
2015 $3,372 $264,651 $214,294 $50,357
2014 $3,362 $259,468 $210,097 $49,371
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Mia Mochidome

    Century 21 On Target

    Section Image
  • Elmer Brizuela

    Buyer's Agent in 2016

    Elmer Brizuela

    United Executives Group

    (323) 992-5728

    11 Total Sales

    Elmer Brizuela
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS16059219

California Regional Multiple Listing Service (CRMLS)

APN: 7269-025-006

California Los Angeles County Long Beach 90813 Central

423 E 14th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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