NOT LISTED FOR SALE

Estimated Value: $1,257,000 - $1,954,000

20 Beds
8 Baths
4,332 Sq Ft
$386/Sq Ft Est. Value

Last Sold February 25, 2022

Last sale price $1,630,000 $376 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $10,932/month

15 Days on Market

Highlights

  • 0.11 Acre Lot
  • Laundry Room
  • 2-minute walk to Cesar E Chavez Park
  • Property is near a park
  • 4 Car Garage

About This Home

As of February 2022

-XL Units Averaging 1000sqft+
-Well-kept, professionally managed property
-Several upgrades to the units
-Close Proximity to major freeways & downtown LB
- 4.8%+ CAP on current with proforma 7%

Last Agent to Sell the Property

Dan Lewin

Younglewin Advisors, Inc. License #01932742 Listed on: 01/19/2022

Last Buyer's Agent

Dan Lewin

Younglewin Advisors, Inc. License #01932742 Listed on: 01/19/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,989

Year Built

  • Built in 1962

Lot Details

  • 4,989 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Property Attached

Interior Spaces

  • 4,332 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 8 Bathrooms

Parking

  • 4 Car Garage
  • 4 Open Parking Spaces
  • Parking Available

Location

  • Property is near a park

Listing and Financial Details

  • Legal Lot and Block 14 / 141
  • Tax Tract Number 5759
  • Assessor Parcel Number 7278024028
  • $850 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • Downtown Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $38
  • Insurance Expense $3,616
  • Trash Expense $304
  • Water Sewer Expense $7,328
  • Operating Expense $42,489
  • Gross Income $115,382
  • Net Operating Income $72,893

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,989

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Price Per Unit: 362500
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 7328.40
  • Zoning: LBPD30
  • Property Type: Residential Income
  • Parcel Number: 7278024028
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 376.27

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 303.72
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 4989.00
  • Lot Size Acres: 0.1145

Multi Family

  • Electric Expense: 38.22
  • Gross Income: 115382.00
  • Gross Scheduled Income: 115382.00
  • Insurance Expense: 3615.70
  • Laundry Income: 669.00
  • Lot Size Area: 4989.0000 Square Feet
  • Net Operating Income: 72893.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Operating Expense: 42488.90
  • Rent Control: No
  • Total Expenses: 42488.95

Tax Info

  • Tax Block: 141
  • Tax Census Tract: 5759.01
  • Tax Lot: 14
  • Tax Tract Number: 5759
  • TaxOtherAnnualAssessmentAmount: 850.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2022
Closed on
Feb 23, 2022
Sold by
Benjamin Hofffman
Bought by
Hansa Holdings Llc
Seller's Agent
Dan Lewin
Younglewin Advisors, Inc.
Buyer's Agent
Dan Lewin
Younglewin Advisors, Inc.
List Price
$1,450,000
Sold Price
$1,630,000
Premium/Discount to List
$180,000
12.41%
Current Estimated Value
$1,673,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,231
Avg. Annual Appreciation
2.20%

Purchase Details

Listed on
Jan 19, 2022
Closed on
Feb 10, 2022
Sold by
Shinya Matsumiya
Bought by
Hoffman Benjamin
Seller's Agent
Dan Lewin
Younglewin Advisors, Inc.
Buyer's Agent
Dan Lewin
Younglewin Advisors, Inc.
List Price
$1,450,000
Sold Price
$1,630,000
Premium/Discount to List
$180,000
12.41%

Purchase Details

Closed on
Nov 2, 2016
Sold by
Aoyama Zaisan Networks Usa Inc
Bought by
Matsumiya Shinya

Purchase Details

Closed on
Sep 21, 2016
Sold by
Matsumiya Keiko
Bought by
Matsumiya Shinya

Purchase Details

Listed on
Apr 15, 2016
Closed on
Apr 22, 2016
Sold by
Hopkins Kenneth
Bought by
Aoyama Zaisan Networs Usa Inc
Seller's Agent
Cindy Ludwig
First Team Real Estate
Buyer's Agent
John Chelius
Property Works RE, Inc.
List Price
$925,000
Sold Price
$930,000
Premium/Discount to List
$5,000
0.54%

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%

Purchase Details

Closed on
Feb 24, 2006
Sold by
Hopkins Kenneth B
Bought by
Hopkins Kenneth B and Hopkins Pauline M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,950
Interest Rate
7.3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 2, 2006
Sold by
Hopkins Kenneth B
Bought by
Hopkins Kenneth B and Hopkins Pauline M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,950
Interest Rate
7.3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 11, 2004
Sold by
Bieber James
Bought by
Hopkins Kenneth B and Hopkins Pauline M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 2002
Sold by
Nelson Stephen V
Bought by
Bieber James and Bieber Kellie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,200
Interest Rate
6.51%

Purchase Details

Closed on
Feb 11, 1999
Sold by
Baker Jaimes C
Bought by
Nelson Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,338
Interest Rate
6.79%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 1, 1999
Sold by
Baker Jaimes C
Bought by
Baker Jaimes C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,338
Interest Rate
6.79%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 8, 1998
Sold by
Baker Nancy
Bought by
Baker Jaime

Purchase Details

Closed on
Apr 11, 1994
Sold by
California Federal Bank Fsb
Bought by
Baker Jaimes C and Baker Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
7.84%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 23, 1993
Sold by
Cal Fed Service Corp
Bought by
California Federal Bank Fsb
Source: Public Records

Range of Values:

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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
Hansa Holdings Llc -- Accommodation/Courtesy Recordi
Hansa Holdings Llc -- Accommodation/Courtesy Recordi
Hoffman Benjamin $1,630,000 Stewart Title Company
Matsumiya Shinya $1,230,000 Old Republic Title Company
Matsumiya Shinya -- Old Republic Title Company
Aoyama Zaisan Networs Usa Inc $930,000 Ticor Title Company
Hopkins Kenneth B -- Chicago Title Co
Hopkins Kenneth B -- Chicago Title Co
Hopkins Kenneth B $735,000 Lawyers Title
Bieber James $499,000 Fidelity National Title
Nelson Stephen -- United Title Company
Baker Jaimes C -- United Title Company
Baker Jaime -- United Title Company
Baker Jaimes C $165,000 Fidelity National Title Ins
California Federal Bank Fsb $198,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hopkins Kenneth B $801,950
Previous Owner Hopkins Kenneth B $588,000
Previous Owner Bieber James $65,000
Previous Owner Bieber James $455,000
Previous Owner Bieber James $399,200
Previous Owner Nelson Stephen $279,000
Previous Owner Nelson Stephen $269,500
Previous Owner Nelson Stephen $248,500
Previous Owner Nelson Stephen $47,338
Previous Owner Baker Jaimes C $132,000
Closed Bieber James $49,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2022 02/25/22 Sold $1,630,000 +12.4% $376 / Sq Ft
02/03/2022 02/03/22 Pending -- -- --
01/19/2022 01/19/22 For Sale $1,450,000 +55.9% $335 / Sq Ft
05/25/2016 05/25/16 Sold $930,000 +0.5% $215 / Sq Ft
04/20/2016 04/20/16 Pending -- -- --
04/15/2016 04/15/16 For Sale $925,000 -- $214 / 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 $21,989 $1,729,769 $1,061,208 $668,561
2024 $21,989 $1,695,852 $1,040,400 $655,452
2023 $21,622 $1,662,600 $1,020,000 $642,600
2022 $16,900 $1,344,851 $940,533 $404,318
2021 $16,558 $1,318,483 $922,092 $396,391
2019 $16,322 $1,279,379 $894,744 $384,635
2018 $15,867 $1,254,294 $877,200 $377,094
2016 $10,852 $882,760 $129,709 $753,051
2015 $10,420 $869,501 $127,761 $741,740
2014 $10,355 $852,470 $125,259 $727,211
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22011276

California Regional Multiple Listing Service (CRMLS)

APN: 7278-024-028