NOT LISTED FOR SALE

Estimated Value: $1,017,000 - $1,347,684

2 Beds
1 Bath
3,596 Sq Ft
$342/Sq Ft Est. Value

Last Sold January 06, 2016

Last sale price $690,000 $192 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $7,343/month

8 Days on Market

Highlights

  • Open Floorplan
  • Traditional Architecture
  • Double Pane Windows
  • Property is near a park
  • No HOA
  • Living Room

About This Home

As of January 2016

This is the nicely updated 4-unit building you’ve been waiting for! It’s a terrific building on a quaint tree-lined street that mostly has single family homes! There are 4 HUGE, updated 2 bedroom, 1 bath units, with wonderful open floor plans (see floor plan under photos and supplements). All units have a large open-style living room, kitchen, and eat-in area. All Kitchens have been remodeled with newer oak cabinets + pantry, formica counters, appliances, and tile floors. All bedrooms are large (~12’ x 12’) with large ~10’ closets! Bathrooms are nice, too, with updated vanities, tile floors, and shower enclosures. The building has great curb appeal, with all newer white dual-paned vinyl windows throughout! There’s even a large enclosed grassy front/side yard! Each unit has it’s own enclosed garage, with one extra garage to spare (currently used by owner). Large on-site laundry room with newer coin washer/dryer included (generates ~$50/mo.). Other extras include copper plumbing, rain gutters, individual electric water heaters, and newer roof on the 5-car garage. Contractor/owner spent $80K remodeling 8 years ago. Close to parks, schools, and shopping. Great rental area with good demand. DO NOT DISTURB OCCUPANTS. Priced to sell FAST!

Last Agent to Sell the Property

Norman Lucas

Estate Properties License #01049036 Listed on: 11/15/2015

Estate Properties

Last Buyer's Agent

bing hou

IRN Realty License #01026586

IRN Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964 | Remodeled

Lot Details

  • 5,702 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • South Facing Home
  • Wrought Iron Fence
  • Wood Fence
  • Rectangular Lot
  • Level Lot
  • Front Yard Sprinklers

Parking

  • 5 Car Garage
  • Parking Available
  • Front Facing Garage
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Property Attached
  • Wood Siding
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 3,596 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Double Pane Windows
  • Living Room
  • Fire and Smoke Detector

Kitchen

  • Electric Cooktop
  • Formica Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park
  • Property is near public transit
  • Urban Location

Utilities

  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 3
  • Tax Tract Number 22703
  • Assessor Parcel Number 7125008016

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • 4 Separate Electric Meters
  • Electric Expense $800
  • Gardener Expense $720
  • Insurance Expense $1,824
  • Maintenance Expense $2,400
  • Trash Expense $840
  • Water Sewer Expense $840
  • New Taxes Expense $8,700
  • Gross Income $4,650
  • Net Operating Income $36,886

Property Details

Home Type

Multi-Family

Year Built

Built in 1964 | Remodeled

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 5.27
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Security: Smoke Detector(s)
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Water Sewer Expenses: 840.00
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7125008016
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters, Open Floorplan, Copper Plumbing Partial
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 191.88
  • Room Type: Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Exterior Features: Lighting, Rain Gutters
  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Faces Front, Garage, Garage Door Opener
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Cooktop
  • Electric: Electricity - On Property
  • Heating Type: Electric, Radiant
  • Laundry Features: Common Area, Community, Dryer Included, Inside, Individual Room, Washer Included
  • Trash Expense: 840.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: Front Yard, Level, Rectangular Lot, Level with Street, Park Nearby, Sprinklers In Front, Sprinklers Timer, Near Public Transit
  • Lot Size Sq Ft: 5702.00
  • Price Per Lot Square Foot: 121.01
  • Lot Size Acres: 0.1310

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average2 Bed Area: 900
  • Electric Expense: 800.00
  • Gross Income: 4650.00
  • Gross Multiplier: 12.54
  • Gross Scheduled Income: 55800.00
  • Insurance Expense: 1824.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 5702.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 36886.00
  • Number Of Separate Electric Meters: 4
  • Number Of Units Leased: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 16124.00
  • Operating Expense Percent: 30.00
  • Other Income Description: $50 laundry included in GSI
  • Rent Control: No
  • Total Actual Rent: 4600.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 8700.00
  • Tax Lot: 3
  • Tax Tract Number: 22703

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2019
Sold by
Du Kevin Chun and Li Weiyi
Bought by
Dhhl Investment Llc
Current Estimated Value
$1,229,171

Purchase Details

Closed on
Feb 23, 2019
Sold by
He Wei
Bought by
Han Ruilling

Purchase Details

Listed on
Nov 15, 2015
Closed on
Dec 18, 2015
Sold by
Elliott Robert
Bought by
Du Chun and Li Weiyi
Seller's Agent
Norman Lucas
Estate Properties
Buyer's Agent
bing hou
IRN Realty
List Price
$700,000
Sold Price
$690,000
Premium/Discount to List
-$10,000
-1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.97%

Purchase Details

Closed on
Oct 10, 2008
Sold by
Federal National Mortgage Association
Bought by
Elliott Robert and Filippone Elliott Regina E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$411,750
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 5, 2008
Sold by
Suarez Antonio
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 5, 2004
Sold by
Salgado Yajaira
Bought by
Suarez Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2003
Sold by
Sanchez Norman
Bought by
Salgado Yajaira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
8%

Purchase Details

Closed on
Jan 15, 2001
Sold by
Salgado Yajaira
Bought by
Sanchez Norman and Sanchez Haydee

Purchase Details

Closed on
Jan 14, 1999
Sold by
Clark Mary Lou
Bought by
Salgado Yajaira and Alvarado Leonel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,624
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 12, 1996
Sold by
Baxter Virginia
Bought by
Clark Mary Lou and Hough Margaret J
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
Dhhl Investment Llc -- None Available
Han Ruilling -- None Available
Du Chun $690,000 Progressive Title
Elliott Robert $549,000 Commonwealth Land Title Co
Federal National Mortgage Association $660,868 Landsafe Title
Suarez Antonio $610,000 Stewart Title Company
Salgado Yajaira -- American Title Co
Sanchez Norman -- --
Salgado Yajaira $207,000 Fidelity National Title Co
Clark Mary Lou -- Universal Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elliott Robert $411,750
Previous Owner Suarez Antonio $488,000
Previous Owner Salgado Yajaira $247,000
Previous Owner Salgado Yajaira $205,624
Closed Suarez Antonio $122,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2016 01/06/16 Sold $690,000 -1.4% $192 / Sq Ft
11/23/2015 11/23/15 Pending -- -- --
11/15/2015 11/15/15 For Sale $700,000 -- $195 / 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 $10,831 $816,812 $236,756 $580,056
2024 $10,831 $800,797 $232,114 $568,683
2023 $10,646 $785,096 $227,563 $557,533
2022 $10,005 $769,702 $223,101 $546,601
2021 $9,791 $754,611 $218,727 $535,884
2019 $9,652 $732,232 $212,241 $519,991
2018 $9,356 $717,876 $208,080 $509,796
2016 $7,526 $597,210 $270,865 $326,345
2015 $7,281 $588,240 $266,797 $321,443
2014 $7,195 $576,718 $261,571 $315,147
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV15246889

California Regional Multiple Listing Service (CRMLS)

APN: 7125-008-016