NOT LISTED FOR SALE

Estimated Value: $965,000 - $1,165,000

7 Beds
5 Baths
2,480 Sq Ft
$424/Sq Ft Est. Value

Last Sold March 16, 2012

Last sale price $330,000 $133 Per Sq Ft

Est. 219% increase in value since last sale

Current estimated payment $5,914/month

113 Days on Market

About This Home

As of March 2012

FOUR UNIT APARTMENT BUILDING-SET UP AS A TRIPLEX WITH A HOME-THE FRONT BUILDING HAS A THREE UNIT APARTMENT BUILDING, WITH A 3 BEDROOM 1 BATH UNIT DOWNSTAIRS AND TWO 1 BEDROOM 1 BATH UNITS UPSTAIRS-THE SECOND BUILDING LOCATED BEHIND THE FIRST BUILDING HAS A 2 BEDROOM 2 BATH SINGLE FAMILY HOME-LOCATED IN THE ALAMITOS BEACH AREA OF LONG BEACH-APPROXIMATELY ONE MILE FROM THE WATER AND WALKING DISTANCE TO BEAUTIFUL DOWNTOWN LONG BEACH-LONG BEACH IS HOME TO THE QUEEN MARY, LONG BEACH CONVENTION CENTER AND OTHER TOURIST ATTRACTIONS-

Last Agent to Sell the Property

Baron Castillo

Coldwell Banker Realty License #00646611 Listed on: 07/07/2011

Coldwell Banker Realty

Last Buyer's Agent

Sara Cramer

License #01889507

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908

Lot Details

  • 3,498 Sq Ft Lot
  • Lot Dimensions are 35x100

Parking

  • Uncovered Parking

Home Design

  • Contemporary Architecture
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Composition Roof
  • Plaster

Interior Spaces

  • 2,480 Sq Ft Home
  • 2-Story Property

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 7272-010-015

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Vacancy Allowance $2,025

Property Details

Home Type

Multi-Family

Year Built

Built in 1908

Lot Details

3,498 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 2480
  • Lot Dimensions: 35X100
  • Price Per Unit: 126250.00
  • Property Condition: Repair Cosmetic
  • Stories: 2
  • Year Built: 1908
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Equipment: Cable
  • Price Per S Q F T: 203.63

Exterior Features

  • Construction: Plaster
  • Foundation Details: Raised
  • Construction: Frame and Stucco
  • Paved: Yes
  • Pool: No
  • Roof: Composition

Garage/Parking

  • Parking Garage: Uncovered

Utilities

  • Water Heater: Gas
  • Heating: Wall
  • Water Expense: 780.00
  • Water Heaters: Yes

Fee Information

  • Gas Expense: 780.00
  • Insurance Expense: 496.00
  • Management Expense: 2400.00

Lot Info

  • Assessed Improvement Value: 279331
  • Assessed Land Value: 234063
  • Assessor Parcel Number: 7272-010-015
  • Lot Description: Sidewalks
  • Lot Size Area: 3498

Rental Info

  • Total Actual Rent: 3375.00
  • Monthly Gross Income: 3375.00
  • Rent Control: No
  • Tenant Pays: Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.47
  • Gross Scheduled Income: 40500.00
  • Gross Spendable Income: 38475.00
  • Number Of Units: 4
  • Rent Control: 0
  • Type Of Units: FOUR UNITS
  • Vacancy Allow: 2025
  • Vacancy Allow Percent: 5.00

Tax Info

  • Tax Expense: 6312.00
  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2018
Sold by
Cramer Warren Edward and Cramer Sara Joy
Bought by
Cramer Warren Edward and Cramer Sara Joy
Current Estimated Value
$1,051,333

Purchase Details

Closed on
Nov 18, 2011
Sold by
Scott Richard
Bought by
Cramer Warren Edward and Cramer Sara Joy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,634
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 23, 2003
Sold by
Armstrong Robert C and Armstrong Robert
Bought by
Scott Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 2001
Sold by
Armstrong Eva
Bought by
Armstrong Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
7.17%

Purchase Details

Closed on
Mar 16, 2001
Sold by
Mortgage Electronic Registration Systems
Bought by
Hud

Purchase Details

Closed on
Nov 17, 2000
Sold by
Gonzalez Jorge H and Aguirre Isaac
Bought by
Pnc Mtg Corp Of America

Purchase Details

Closed on
May 5, 1998
Sold by
Finzi David B
Bought by
Gonzalez Jorge Humberto and Aguirre Isaac

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,549
Interest Rate
7.01%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 4, 1997
Sold by
Schimmenti John and Schimmenti Mary E
Bought by
Finzi David B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.19%
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
Cramer Warren Edward -- None Available
Cramer Warren Edward $330,003 Chicago Title Company
Scott Richard $465,000 Chicago Title Co
Armstrong Robert -- Stewart Title
Armstrong Robert $235,000 Stewart Title
Hud -- Landsafe Title
Pnc Mtg Corp Of America $275,158 Landsafe Title
Gonzalez Jorge Humberto $265,000 Gateway Title
Finzi David B $85,000 Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cramer Warren Edward $321,634
Previous Owner Scott Richard $372,000
Previous Owner Armstrong Robert $188,000
Previous Owner Gonzalez Jorge Humberto $254,549
Previous Owner Finzi David B $60,000
Closed Finzi David B $30,000
Closed Armstrong Robert $35,250
Closed Scott Richard $23,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2012 03/16/12 Sold $330,000 -34.7% $133 / Sq Ft
10/28/2011 10/28/11 Pending -- -- --
07/07/2011 07/07/11 For Sale $505,000 -- $204 / Sq Ft
Source: The MLS

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 $5,975 $427,045 $301,446 $125,599
2024 $5,975 $418,673 $295,536 $123,137
2023 $5,868 $410,465 $289,742 $120,723
2022 $5,521 $402,417 $284,061 $118,356
2021 $5,395 $394,528 $278,492 $116,036
2020 $5,380 $391,084 $275,637 $115,447
2019 $5,318 $383,429 $270,233 $113,196
2018 $5,144 $375,924 $264,935 $110,989
2016 $4,733 $360,752 $254,649 $106,103
2015 $4,552 $355,334 $250,824 $104,510
2014 $4,538 $348,374 $245,911 $102,463
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 11-539355

The MLS

APN: 7272-010-015

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