NOT LISTED FOR SALE

Estimated Value: $924,710 - $1,320,000

5 Beds
4 Baths
2,372 Sq Ft
$450/Sq Ft Est. Value

Last Sold March 25, 2016

Last sale price $590,000 $249 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $6,391/month

27 Days on Market

About This Home

As of March 2016

Four (4) Houses on a lot, in Rose Park South Historic District in downtown Long Beach. A few blocks walk to the beach. Close to most city activities.
Fully rented. Tenants love the properties. One unit 2 bedroom 1 Bath, 3 units 1 Bedroom and 1 Bath.

Last Agent to Sell the Property

Fernando Gosioco

Gateland Realty License #01367133 Listed on: 01/05/2016

Last Buyer's Agent

Matt Simmons

Time Realty License #01399790

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 3,736 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Parking Spaces

Home Design

  • 2,372 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 5759
  • Assessor Parcel Number 7280001127

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $1,300
  • Gross Income $3,750
  • Net Operating Income $40,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

3,736 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 7280001127
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 248.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3736.00
  • Price Per Lot Square Foot: 157.92
  • Lot Size Acres: 0.0860

Multi Family

  • Gross Income: 3750.00
  • Gross Scheduled Income: 45000.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 3736.0000 Square Feet
  • Net Operating Income: 40400.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 1300.00
  • Rent Control: No
  • Total Actual Rent: 3750.00

Tax Info

  • Tax Lot: 25
  • Tax Tract Number: 5759

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2016
Closed on
Mar 23, 2016
Sold by
Investment City Llc
Bought by
Ramsey Barbara Kay and Ramsey Courtney Davon
Seller's Agent
Fernando Gosioco
Gateland Realty
Buyer's Agent
Matt Simmons
Time Realty
List Price
$620,000
Sold Price
$590,000
Premium/Discount to List
-$30,000
-4.84%
Current Estimated Value
$1,068,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$478,428
Avg. Annual Appreciation
6.12%
Original Mortgage
$442,500
Outstanding Balance
$350,237
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$718,191

Purchase Details

Closed on
Dec 28, 2010
Sold by
Ciig Llc
Bought by
Kien Phol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,000
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2010
Sold by
Southwest Securities Fsb
Bought by
Ciig Llc

Purchase Details

Closed on
Jun 16, 2010
Sold by
Elmore Ryan
Bought by
Southwest Securities Fsb

Purchase Details

Closed on
Jul 30, 2007
Sold by
Jaycee Investments Llc
Bought by
Elmore Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2007
Sold by
Jaycee Investments Llc
Bought by
Elmore Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,537
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ramsey Barbara Kay $590,000 Lawyers Title
Investment City Llc -- Lawyers Title
Kien Phol $370,000 Ticor Title Tustin Orange Co
Ciig Llc $270,000 Lawyers Title Company
Southwest Securities Fsb $565,184 None Available
Elmore Ryan $412,000 Wrt
Elmore Ryan $550,000 Western Resources Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramsey Barbara Kay $442,500
Previous Owner Kien Phol $259,000
Previous Owner Elmore Ryan $397,000
Previous Owner Elmore Ryan $510,537
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2016 03/25/16 Sold $590,000 -4.8% $249 / Sq Ft
02/01/2016 02/01/16 Pending -- -- --
01/05/2016 01/05/16 For Sale $620,000 -- $261 / 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 $9,248 $698,433 $473,516 $224,917
2024 $9,248 $684,739 $464,232 $220,507
2023 $9,087 $671,314 $455,130 $216,184
2022 $8,536 $658,152 $446,206 $211,946
2021 $8,356 $645,248 $437,457 $207,791
2020 $8,334 $638,633 $432,972 $205,661
2019 $8,237 $626,112 $424,483 $201,629
2018 $8,012 $613,836 $416,160 $197,676
2016 $5,182 $400,434 $281,387 $119,047
2015 $4,982 $394,420 $277,161 $117,259
2014 $4,965 $386,695 $271,732 $114,963
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16002759

California Regional Multiple Listing Service (CRMLS)

APN: 7280-001-127

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