NOT LISTED FOR SALE

Estimated Value: $744,544 - $932,000

3 Beds
2 Baths
1,888 Sq Ft
$441/Sq Ft Est. Value

Last Sold July 12, 2013

Last sale price $379,000 $201 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $4,872/month

204 Days on Market

About This Home

As of July 2013

Standard sale,we can close fast,for , FHA ok,nice area of north long beach,Two building,Two units used as three units,back unit is two story,second floor 2 bedroom one bath,down floor the three garage converted to rooms and storage,and one bath,laundry room,both upstairs and down stairs have separate door internes.front unit is one bedroom one bath.each with own private yard..DO NOT inter to the back properties .

Last Agent to Sell the Property

Adam Kouchekinia

Crown Realtor License #01278237 Listed on: 10/25/2012

Last Buyer's Agent

Cynthia Morfin

eXp Realty of California Inc License #01386528

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 5,789 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,888 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, exterior maintenance, gas, grounds care, HVAC maintenance, parking fee, trash collection, water
  • Tax Lot 5992
  • Tax Tract Number 5992
  • Assessor Parcel Number 7125016007

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $720
  • New Taxes Expense $4,675
  • Gross Income $2,500
  • Net Operating Income $24,918

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Parking

3

Listing Details

  • CapRate: 6.66
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: North Long Beach (NLB)
  • Property Type: Residential Income
  • Parcel Number: 7125016007
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Levels: Two
  • Price Per Square Foot: 200.74

Exterior Features

  • Foundation: Slab, FHA Approved
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Radiant
  • Laundry Features: In Garage

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5789.00
  • Lot Size Acres: 0.1330

Rental Info

  • Tenant Pays: Cable TV, Electricity, Exterior Maintenance, Gas, Grounds Care, HVAC Maintenance, Parking Fee, Trash Collection, Water

Multi Family

  • Gross Income: 2500.00
  • Gross Multiplier: 8.02
  • Gross Scheduled Income: 30000.00
  • Insurance Expense: 720.00
  • Lot Size Area: 5789.0000 Square Feet
  • Net Operating Income: 24918.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5082.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4675.00
  • Tax Lot: 5992
  • Tax Tract Number: 5992
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2012
Closed on
Jun 24, 2013
Sold by
Davidi David H
Bought by
Vilchez Brady R
Seller's Agent
Adam Kouchekinia
Crown Realtor
Buyer's Agent
Cynthia Morfin
eXp Realty of California Inc
List Price
$349,000
Sold Price
$379,000
Premium/Discount to List
$30,000
8.6%
Current Estimated Value
$831,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$452,886
Avg. Annual Appreciation
6.52%
Original Mortgage
$372,135
Outstanding Balance
$268,221
Interest Rate
3.79%
Mortgage Type
FHA
Estimated Equity
$563,665

Purchase Details

Closed on
Oct 30, 2009
Sold by
Boaron Amos
Bought by
Davidi David H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,468
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 6, 2006
Sold by
Krenek Jamie L
Bought by
Boaron Amos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
7.99%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 12, 2006
Sold by
Kymala Earl Eugene
Bought by
Krenek Jamie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
7.99%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 11, 2002
Sold by
Kymala Ester and Kymala Earl Eugene
Bought by
Kymala Ester and Kymala Earl Eugene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
7.04%

Purchase Details

Closed on
Aug 31, 1996
Sold by
Kymala Ester M
Bought by
Kymala Ester M and Kymala Earl Eugene
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
Vilchez Brady R $379,000 Title365
Davidi David H $195,000 Fidelity Title Company
Boaron Amos $425,000 United Independent Title
Krenek Jamie L -- Equity Title Company
Kymala Ester -- Fidelity National Title
Kymala Ester M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vilchez Brady R $372,135
Previous Owner Davidi David H $191,468
Previous Owner Boaron Amos $340,000
Previous Owner Krenek Jamie L $200,000
Previous Owner Kymala Ester $129,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2013 07/12/13 Sold $379,000 +8.6% $201 / Sq Ft
05/17/2013 05/17/13 Pending -- -- --
10/25/2012 10/25/12 For Sale $349,000 -- $185 / 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 $6,164 $468,573 $183,874 $284,699
2024 $6,164 $459,386 $180,269 $279,117
2023 $6,059 $450,380 $176,735 $273,645
2022 $5,694 $441,550 $173,270 $268,280
2021 $5,577 $432,893 $169,873 $263,020
2020 $5,563 $428,456 $168,132 $260,324
2019 $5,499 $420,056 $164,836 $255,220
2018 $5,262 $408,320 $161,604 $246,716
2016 $4,841 $392,467 $155,330 $237,137
2015 $4,649 $386,572 $152,997 $233,575
2014 $4,623 $379,000 $150,000 $229,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR12132594

California Regional Multiple Listing Service (CRMLS)

APN: 7125-016-007