NOT LISTED FOR SALE

428 W 8th St Long Beach, CA 90813

Willmore Neighborhood

Estimated Value: $912,000 - $1,272,000

2 Beds
1 Bath
2,799 Sq Ft
$392/Sq Ft Est. Value

Last Sold March 18, 2015

Last sale price $605,000 $216 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $6,513/month

114 Days on Market

About This Home

As of March 2015

Great Investment opportunity in the Historical Downtown Long Beach area. These property is a Craftsman fourplex that offers 4 units all 2 bed 1 bath each. Each unit is unique and they are a fully rented and professionally managed. TENANT OCCUPIED PLEASE DO NOT DISTURB, and Respects owners wishes of not knocking, talking to the tenants or walking inside the property. If you are serious please drive by and if you are interested please contact your Agent or Listing Broker. Thank you for your cooperation.

Last Agent to Sell the Property

Willie Soto

ENDEAVOR REAL ESTATE License #01375847 Listed on: 10/10/2014

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 2,500 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 2,799 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 2
  • Assessor Parcel Number 7272018012

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,662
  • Trash Expense $2,160
  • Water Sewer Expense $1,140
  • New Taxes Expense $8,312
  • Gross Income $4,400
  • Net Operating Income $34,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

2,500 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 1140.00
  • Property Type: Residential Income
  • Parcel Number: 7272018012
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 216.15

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 2160.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2500.00
  • Lot Size Acres: 0.0570

Multi Family

  • Gross Income: 4400.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 1662.00
  • Lot Size Area: 2500.0000 Square Feet
  • Net Operating Income: 34800.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 18000.00
  • Rent Control: No
  • Total Actual Rent: 4400.00

Tax Info

  • New Taxes Expense: 8312.00
  • Tax Lot: 4
  • Tax Tract Number: 2
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2021
Sold by
Solverson Ruth
Bought by
Solverson Erik
Current Estimated Value
$1,098,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,700
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 10, 2014
Closed on
Mar 10, 2015
Sold by
Eslamdoust Anoshiravan
Bought by
Solverson Erik
Seller's Agent
Willie Soto
ENDEAVOR REAL ESTATE
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$665,000
Sold Price
$605,000
Premium/Discount to List
-$60,000
-9.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.56%
Original Mortgage
$607,404
Interest Rate
3.54%
Mortgage Type
VA

Purchase Details

Closed on
Sep 27, 2007
Sold by
Eslamdoust Nazy
Bought by
Eslamdoust Anoshiravan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
6.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2007
Sold by
Garceau Gail and Gail Susan Garceau 2005 Trust
Bought by
Eslamdoust Anoshiravan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
6.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 2005
Sold by
Garceau Gail
Bought by
Garceau Gail and Gail Susan Garceau 2005 Trust

Purchase Details

Closed on
May 11, 2005
Sold by
Crosby Patricia
Bought by
Garceau Gail

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,500
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 5, 2003
Sold by
Leonte Stephen
Bought by
Crosby Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,552
Interest Rate
5.85%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 14, 2002
Sold by
Ohio Svgs Bank
Bought by
Leonte Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
6.52%

Purchase Details

Closed on
Jun 26, 2001
Sold by
Sole Joseph Baker
Bought by
Ohio Svgs Bank

Purchase Details

Closed on
May 3, 2000
Sold by
Mirzaian Katrine
Bought by
Baker Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Interest Rate
9.5%

Purchase Details

Closed on
Nov 10, 1999
Sold by
Hud
Bought by
Mirzaian Katrine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
7.72%

Purchase Details

Closed on
Apr 13, 1999
Sold by
Mendez Elizeo Pantoja and Tobar Jose
Bought by
Source One Mtg Services Corp

Purchase Details

Closed on
Apr 13, 1998
Sold by
Gonzalez Luis
Bought by
Mendez Elizeo Pantoja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,932
Interest Rate
7.03%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 7, 1997
Sold by
Hud
Bought by
Gonzalez Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,000
Interest Rate
7.45%

Purchase Details

Closed on
Sep 17, 1996
Sold by
Hood David R and Hood Tammy Wagoner
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Aug 23, 1996
Sold by
Countrywide Home Loans Inc
Bought by
Hud
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
Solverson Erik -- None Listed On Document
Solverson Erik $605,000 Wfg Title Company
Eslamdoust Anoshiravan -- First American Title Co
Eslamdoust Anoshiravan $660,000 Multiple
Garceau Gail -- --
Garceau Gail $655,000 Lawyers Title
Garceau Gail -- Lawyers Title
Crosby Patricia $416,000 Landamerica Lawyers Title
Leonte Stephen $240,000 Fidelity Title
Ohio Svgs Bank $175,500 United Title Company
Baker Joseph $192,500 American Title
Mirzaian Katrine $145,000 Orange Coast Title
Source One Mtg Services Corp $282,412 American Title
Hud -- American Title Co
Mendez Elizeo Pantoja $280,000 California Counties Title
Gonzalez Luis $122,000 --
Countrywide Home Loans Inc $218,481 Landsafe Title
Hud -- Landsafe Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Solverson Erik $548,700
Previous Owner Solverson Erik $607,404
Previous Owner Eslamdoust Anoshiravan $495,000
Previous Owner Garceau Gail $458,500
Previous Owner Crosby Patricia $409,552
Previous Owner Leonte Stephen $168,000
Previous Owner Baker Joseph $256,500
Previous Owner Mirzaian Katrine $108,750
Previous Owner Mendez Elizeo Pantoja $261,932
Previous Owner Gonzalez Luis $131,000
Closed Garceau Gail $131,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2015 03/18/15 Sold $605,000 -9.0% $216 / Sq Ft
02/01/2015 02/01/15 Pending -- -- --
10/10/2014 10/10/14 For Sale $665,000 -- $238 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,595 $727,112 $504,773 $222,339
2024 $9,595 $712,856 $494,876 $217,980
2023 $9,429 $698,879 $485,173 $213,706
2022 $8,856 $685,176 $475,660 $209,516
2021 $8,666 $671,742 $466,334 $205,408
2019 $8,542 $651,819 $452,503 $199,316
2018 $8,330 $639,039 $443,631 $195,408
2016 $7,661 $614,226 $426,405 $187,821
2015 $8,667 $721,316 $502,737 $218,579
2014 $8,616 $707,188 $492,890 $214,298
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2015

    Willie Soto

    ENDEAVOR REAL ESTATE

    Section Image
  • Anthony Walker

    Buyer's Agent in 2015

    Anthony Walker

    Buckingham Investments, Inc

    (310) 982-7055

    1 in this area

    86 Total Sales

    Anthony Walker
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV14218496

California Regional Multiple Listing Service (CRMLS)

APN: 7272-018-012

California Los Angeles County Long Beach 90813 Willmore

428 W 8th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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