NOT LISTED FOR SALE
-- Bed
-- Bath
4,684 Sq Ft
1925 Built

Sale Details

Date Sold: May 31, 2013

Last sale price $700,000 $149 Per Sq Ft

178 Days on Market

About This Home

As of May 2013

Clean Property! Located in a good rental area of Long Beach. The property has been well-maintained and is in great condition. Recent improvements include: Newer roof, electrical, plumbing, windows, and upgraded exterior fa ade.

Last Agent to Sell the Property

Stephen Heri

S A Heri, Inc. License #01871726 Listed on: 10/14/2012

Last Buyer's Agent

Stephen Heri

S A Heri, Inc. License #01871726 Listed on: 10/14/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Home Design

  • 4,684 Sq Ft Home
  • Stucco

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1

Community Details

Overview

  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,082
  • Supplies Expense $52
  • Water Sewer Expense $3,440
  • New Taxes Expense $7,700
  • Gross Income $9,492
  • Net Operating Income $54,364

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Listing Details

  • Assessments: No
  • CapRate: 7.50
  • Supplies Expense: 52.00
  • View: No
  • Water Sewer Expenses: 3440.00
  • Property Type: Residential Income
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 149.44

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Gross Income: 9492.00
  • Gross Multiplier: 9.44
  • Gross Scheduled Income: 76800.00
  • Insurance Expense: 2082.00
  • Net Operating Income: 54364.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 21572.00
  • Other Expense Description: 3664

Tax Info

  • New Taxes Expense: 7700.00
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
0.0527%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 14, 2012
Closed on
Jun 10, 2013
Sold by
Bought by
Seller's Agent
Stephen Heri
S A Heri, Inc.
Buyer's Agent
Stephen Heri
S A Heri, Inc.
List Price
$749,000
Sold Price
$700,000
Premium/Discount to List
-$49,000
-6.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$513,750
Interest Rate
0.0338%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 10, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$655,000
Interest Rate
0.0607%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 1, 2005
Sold by
Bought by

Purchase Details

Closed on
Apr 28, 2003
Sold by
Bought by

Purchase Details

Closed on
Apr 24, 2003
Sold by
Bought by

Purchase Details

Closed on
Apr 19, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Old Republic Title
$685,006 Lawyers Title Company
$930,000 Lawyers Title
-- Lawyers Title
-- Fidelity National Title
-- Fidelity National Title
$350,000 Fidelity National Title
-- Chicago Title Co
$108,000 Chicago Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,900,000
Previous Owner $1,209,000
Previous Owner $513,750
Previous Owner $655,000
Previous Owner $275,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/31/2013 05/31/13 Sold $700,000 -6.5% $149 / Sq Ft
04/10/2013 04/10/13 Pending -- -- --
10/14/2012 10/14/12 For Sale $749,000 -- $160 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $12,259 $843,518 $246,282 $597,236
2024 $11,692 $826,979 $241,453 $585,526
2023 $11,481 $810,765 $236,719 $574,046
2022 $10,796 $794,869 $232,078 $562,791
2021 $10,547 $779,284 $227,528 $551,756
2019 $10,395 $756,812 $220,780 $536,032
2018 $10,119 $741,986 $216,451 $525,535
2016 $9,309 $712,560 $208,047 $504,513
2015 $8,951 $701,857 $204,922 $496,935
2014 $8,924 $688,109 $200,908 $487,201
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P838853

California Regional Multiple Listing Service (CRMLS)
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