NOT LISTED FOR SALE

Estimated Value: $723,000 - $891,000

5 Beds
2 Baths
1,790 Sq Ft
$457/Sq Ft Est. Value

Last Sold July 27, 2018

Last sale price $550,000 $307 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $5,120/month

30 Days on Market

Highlights

  • 3,761 Sq Ft lot
  • 1 Car Garage
  • 1-Story Property
  • Long Beach Polytechnic High School Rated A

About This Home

As of July 2018

The property consists of two separate detached bungalows with separate 1.5 car garage accessed from the alley. The front was build in 1920s and the rear unit was put not the property in 1950. Both units have separate laundry hook-ups and are separately metered for gas/electric. The rear unit is accessed current has access to the 1.5 car garage and the front unit has street parking. Lime has diagonal street parking which provided for additional parking in the area. The property is walking distance to restaurants/cafes in the East Arts District.

Last Agent to Sell the Property

Alan Acree

Alan Acree, Broker License #01366012 Listed on: 05/23/2018

Last Buyer's Agent

Mary De Leon

Hafa Adai Properties License #01232048

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,065

Year Built

  • Built in 1950

Lot Details

  • 3,761

Parking

  • 1 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,790 Sq Ft Home
  • 1-Story Property
  • Washer

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Additional Features

  • 3,761 Sq Ft Lot
  • Window Unit Cooling System

Community Details

  • 3 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 7281-006-025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,065

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1790
  • Stories: 1
  • Year Built: 1950
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Garbage Disposal, Gas Dryer Hookup, Range/Oven, Washer
  • Price Per S Q F T: 349.16

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Garage Spaces: 1
  • Garage Structures: 1
  • Parking Garage: Garage
  • Total Parking: 2

Utilities

  • Cooling: Window Unit(s)
  • Heating: Combination

Lot Info

  • Assessed Improvement Value: 70232
  • Assessed Land Value: 85094
  • Assessor Parcel Number: 7281-006-025
  • Geocode Override: No
  • Lot Size Area: 3761

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 18.60
  • Number Of Units: 2
  • Total Annual Expense: 11338
  • Type Of Units: duplex
  • Vacancy Rate: 2%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2018
Closed on
Jul 11, 2018
Sold by
Athena Financial Group Llc
Bought by
Martin Benjamin
Seller's Agent
Alan Acree
Alan Acree, Broker
Buyer's Agent
Mary De Leon
Hafa Adai Properties
List Price
$625,000
Sold Price
$550,000
Premium/Discount to List
-$75,000
-12%
Current Estimated Value
$817,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,987
Avg. Annual Appreciation
5.38%
Original Mortgage
$440,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2014
Sold by
Rivard Donald
Bought by
Rivard Ryan

Purchase Details

Closed on
Dec 20, 1998
Sold by
Everest Financial Trust and Chad
Bought by
Athena Financial Group Llc

Purchase Details

Closed on
Jul 15, 1994
Sold by
Averill Jeffery P and Averill Julie C
Bought by
Everest Financial Trust
Source: Public Records

Range of Values:

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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
Martin Benjamin $550,000 First American Title
Rivard Ryan -- None Available
Athena Financial Group Llc -- --
Everest Financial Trust $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Benjamin $427,500
Closed Martin Benjamin $440,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2018 07/27/18 Sold $550,000 -12.0% $307 / Sq Ft
06/22/2018 06/22/18 Pending -- -- --
05/23/2018 05/23/18 For Sale $625,000 -- $349 / Sq Ft
Source: The MLS

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 $8,065 $624,053 $429,473 $194,580
2024 $8,065 $611,817 $421,052 $190,765
2023 $7,930 $599,822 $412,797 $187,025
2022 $7,446 $588,061 $404,703 $183,358
2021 $7,296 $576,531 $396,768 $179,763
2020 $7,277 $561,000 $392,700 $168,300
2019 $7,078 $550,000 $385,000 $165,000
2018 $2,255 $158,431 $86,795 $71,636
2016 $2,069 $152,281 $83,426 $68,855
2015 $1,992 $149,994 $82,173 $67,821
2014 $1,989 $147,057 $80,564 $66,493
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-346438

The MLS

APN: 7281-006-025