NOT LISTED FOR SALE

Estimated Value: $1,248,000 - $1,662,000

8 Beds
4 Baths
3,024 Sq Ft
$475/Sq Ft Est. Value

Last Sold July 23, 2016

Last sale price $959,000 $317 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $8,734/month

6 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Chair Railings
  • Los Cerritos Elementary School Rated A
  • Private Yard
  • Side by Side Parking

About This Home

As of July 2016

Fantastic four-plex located on a beautiful tree-lined street in the Bixby Knolls area of North Long Beach. This desirable income property features four 2 bedroom/1 bathroom units. Two of the units have been completely remodeled, featuring new kitchens; lighting; appliances; new flooring, new carpeting and refinished original hardwood floors (depending on unit). Updated bathrooms featuring wainscoating, pedestal sinks and new toilets. Two shared garages; there is a large, nicely landscaped, backyard for community use, which is fully fenced in. The front yard is also landscaped and offers great curb appeal. Entire building has been copper plumbed; all new electrical panels within one year; new electrical service to the building; all 8 bedrooms have new interior wiring and unit #1 has completely new interior wiring. This building is close to shops and restaurants and freeway accessible, making for very desirable rentals.

Last Agent to Sell the Property

Christa Lyons

Radius Agent Realty License #01489213 Listed on: 05/27/2016

Last Buyer's Agent

Christa Lyons

Radius Agent Realty License #01489213 Listed on: 05/27/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945 | Remodeled

Lot Details

  • 6,359 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Paved or Partially Paved Lot
  • Private Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Side by Side Parking
  • Parking Lot
  • Assigned Parking

Home Design

  • Colonial Architecture
  • Traditional Architecture
  • Property Attached
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Copper Plumbing

Interior Spaces

  • 3,024 Sq Ft Home
  • Wired For Data
  • Chair Railings
  • Crown Molding
  • Wainscoting
  • Ceiling Fan
  • Storage
  • Gas Range

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 2
  • Tax Tract Number 13130
  • Assessor Parcel Number 7134019002

Community Details

Overview

  • 4 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $425
  • Insurance Expense $1,205
  • Trash Expense $482
  • Water Sewer Expense $675
  • New Taxes Expense $3,750
  • Gross Income $5,400
  • Net Operating Income $58,263

Property Details

Home Type

Multi-Family

Year Built

Built in 1945 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Bixby Knolls (BK)
  • Water Sewer Expenses: 675.00
  • Architectural Style: Colonial, Traditional
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7134019002
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Chair Railings, Crown Molding, Wired for Data, Copper Plumbing Full, Storage, Unfurnished, Wainscoting
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet, Wood
  • Appliances: Yes
  • Price Per Square Foot: 317.13
  • Room Type: Walk-In Closet

Exterior Features

  • Foundation: Pillar/Post/Pier
  • Exterior Features: Lighting
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Garage, On Site, Parking Space, Private, Side by Side
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: No
  • Appliances: Gas Range
  • Trash Expense: 482.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Paved, Yard
  • Lot Size Sq Ft: 6359.00
  • Price Per Lot Square Foot: 150.81

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 425.00
  • Gross Income: 5400.00
  • Gross Scheduled Income: 64800.00
  • Insurance Expense: 1205.00
  • Net Operating Income: 58263.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 6537.00
  • Rent Control: No
  • Total Actual Rent: 3030.00

Tax Info

  • New Taxes Expense: 3750.00
  • Tax Lot: 2
  • Tax Tract Number: 13130

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2016
Closed on
Jun 14, 2016
Sold by
Hankus Richard A and Biggs Timothy R
Bought by
Gao Kathy Hua
Seller's Agent
Christa Lyons
Radius Agent Realty
Buyer's Agent
Christa Lyons
Radius Agent Realty
List Price
$959,000
Sold Price
$959,000
Current Estimated Value
$1,437,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$478,415
Avg. Annual Appreciation
4.35%
Original Mortgage
$641,250
Outstanding Balance
$510,862
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$926,553

Purchase Details

Closed on
Oct 28, 2002
Sold by
Hankus Richard A
Bought by
Hankus Richard A and Richard A Hankus Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
6.05%

Purchase Details

Closed on
Oct 1, 2002
Sold by
Hankus Richard A and Richard A Hankus Trust
Bought by
Hankus Richard A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
6.05%

Purchase Details

Closed on
Mar 12, 2001
Sold by
Hankus Richard A and Richard A Hankus Trust
Bought by
Hankus Richard A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.97%

Purchase Details

Closed on
Dec 18, 2000
Sold by
Hankus Richard A
Bought by
Hankus Richard A and Richard A Hankus Trust

Purchase Details

Closed on
Jun 2, 2000
Sold by
Fioresi Douglas M and Fioresi Kristine
Bought by
Hankus Richard A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,200
Interest Rate
8.62%

Purchase Details

Closed on
Feb 25, 1999
Sold by
Fioresi Douglas M and Fioresi Kristine
Bought by
Fioresi Douglas M and Fioresi Kristine D

Purchase Details

Closed on
May 14, 1997
Sold by
Fioresi Douglas
Bought by
Fioresi Douglas M and Fioresi Kristine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,600
Interest Rate
4.25%

Purchase Details

Closed on
Mar 25, 1994
Sold by
Fioresi Kristine
Bought by
Fioresi Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,900
Interest Rate
7.15%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gao Kathy Hua $881,000 Fidelity National Title Co
Hankus Richard A -- Fidelity National Title Co
Hankus Richard A -- Fidelity National Title
Hankus Richard A -- Fidelity National Title
Hankus Richard A -- Fidelity Title
Hankus Richard A -- --
Hankus Richard A $279,000 Chicago Title Co
Fioresi Douglas M -- Chicago Title Company
Fioresi Douglas M -- --
Fioresi Douglas M -- Commonwealth Land Title Co
Fioresi Douglas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gao Kathy Hua $641,250
Previous Owner Hankus Richard A $231,000
Previous Owner Hankus Richard A $228,000
Previous Owner Hankus Richard A $223,200
Previous Owner Fioresi Douglas M $197,600
Previous Owner Fioresi Douglas $207,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2016 07/23/16 Sold $959,000 0.0% $317 / Sq Ft
05/27/2016 05/27/16 For Sale $959,000 -- $317 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,277 $1,022,468 $615,107 $407,361
2024 $13,277 $1,002,421 $603,047 $399,374
2023 $13,052 $982,767 $591,223 $391,544
2022 $12,256 $963,498 $579,631 $383,867
2021 $12,005 $944,607 $568,266 $376,341
2019 $11,834 $916,592 $551,412 $365,180
2018 $11,512 $898,620 $540,600 $358,020
2016 $4,792 $362,225 $145,409 $216,816
2015 $4,610 $356,785 $143,225 $213,560
2014 $4,598 $349,797 $140,420 $209,377
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16113667

California Regional Multiple Listing Service (CRMLS)

APN: 7134-019-002