NOT LISTED FOR SALE

Estimated Value: $696,000 - $832,000

4 Beds
2 Baths
1,512 Sq Ft
$513/Sq Ft Est. Value

Last Sold December 16, 2016

Last sale price $470,000 $311 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $4,654/month

18 Days on Market

Highlights

  • Private Yard
  • Level Lot
  • 4-minute walk to Grace Park
  • No HOA
  • 1-Story Property

About This Home

As of December 2016

NICE DUPLEX, TWO CAR GARAGE, LONG DRIVEWAY, FRONT UNIT 2BR 1BA, BACK UNIT 2BR 1BA, FRONT AND BACK YARD, FRUIT TREES INCLUDING AVOCADO TREE.

Last Agent to Sell the Property

Ramiro Serrano

Century 21 Masters License #01056252 Listed on: 08/27/2016

Century 21 Masters

Last Buyer's Agent

Juan Rivera

Realty Executives All Cities License #01299236

Realty Executives All Cities

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 5,984 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Private Yard
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Unassigned Parking

Interior Spaces

  • 1,512 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 1166
  • Tax Tract Number 5134
  • Assessor Parcel Number 7127022006

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $200
  • Water Sewer Expense $500
  • New Taxes Expense $5,900
  • Gross Income $2,800
  • Net Operating Income $25,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 500.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7127022006
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 310.85

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Level with Street, Yard
  • Lot Size Sq Ft: 5984.00
  • Price Per Lot Square Foot: 78.53

Multi Family

  • Gross Income: 2800.00
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 25500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 8100.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5900.00
  • Tax Lot: 1166
  • Tax Tract Number: 5134

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2020
Sold by
Guzman Jennifer Perez
Bought by
Cuevas Sergio Alberto Zamora
Current Estimated Value
$775,435

Purchase Details

Listed on
Aug 27, 2016
Closed on
Dec 7, 2016
Sold by
Villegas Maria
Bought by
Cuevas Jean C Zamora
Seller's Agent
Ramiro Serrano
Century 21 Masters
Buyer's Agent
Juan Rivera
Realty Executives All Cities
List Price
$470,000
Sold Price
$470,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.70%

Purchase Details

Closed on
Sep 19, 2016
Sold by
Magallanes Ricardo
Bought by
Cuevas Jean C Zamora and Cuevas Sergio Alberto Zamora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$461,487
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 14, 2003
Sold by
Avila Octavio and Silva Jesus
Bought by
Magallanes Ricardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
5.89%

Purchase Details

Closed on
Feb 27, 1996
Sold by
Delacruz Venancio T
Bought by
Magallanes Ricardo and Magallanes Alba L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,358
Interest Rate
6.98%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cuevas Sergio Alberto Zamora -- Solidifi
Cuevas Jean C Zamora -- Orange Coast Title Co Socal
Cuevas Jean C Zamora $470,000 Orange Coast Title Co Socal
Magallanes Ricardo -- Fidelity National Title Ins
Magallanes Ricardo $127,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cuevas Jean C Zamora $461,487
Previous Owner Magallanes Ricardo $122,000
Previous Owner Magallanes Ricardo $125,358
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2016 12/16/16 Sold $470,000 0.0% $311 / Sq Ft
09/14/2016 09/14/16 Pending -- -- --
09/12/2016 09/12/16 Price Changed $469,900 0.0% $311 / Sq Ft
09/10/2016 09/10/16 Price Changed $469,950 0.0% $311 / Sq Ft
08/27/2016 08/27/16 For Sale $470,000 -- $311 / 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 $7,108 $545,469 $313,355 $232,114
2024 $7,108 $534,774 $307,211 $227,563
2023 $6,988 $524,289 $301,188 $223,101
2022 $6,565 $514,010 $295,283 $218,727
2021 $6,432 $503,933 $289,494 $214,439
2020 $6,416 $498,767 $286,526 $212,241
2019 $6,341 $488,988 $280,908 $208,080
2018 $6,124 $479,400 $275,400 $204,000
2016 $3,035 $235,910 $146,985 $88,925
2015 $2,918 $232,368 $144,778 $87,590
2014 $2,907 $227,817 $141,942 $85,875
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR16189685

California Regional Multiple Listing Service (CRMLS)

APN: 7127-022-006