NOT LISTED FOR SALE

Estimated Value: $836,000 - $1,194,000

5 Beds
5 Baths
2,573 Sq Ft
$410/Sq Ft Est. Value

Last Sold October 18, 2019

Last sale price $750,000 $291 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $6,434/month

10 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Walk-In Closet
  • Bonus Room
  • Workshop
  • Tile Countertops

About This Home

As of October 2019

Great opportunity to own a nicely landscaped and well maintained Spanish style duplex with 4 units in a quite tree lined street in the HOT no rent control area of North Long Beach. Enjoy a covered large drive way that can fit up to 3 cars in addition to the 2 car garage space and parking area it already has. Spacious front house stands alone and will be delivered vacant, it features 3 bed/2bath plus a BONUS room... which equals to 4 rooms in total!Great for a large family..master bedroom has its own bathroom and lots of closet space. Title throughout,dual sinks in the large second bathroom,central ac and heat,dishwasher,inside laundry hooks ups and so much more! Step outside into a spacious courtyard area and enjoy a summer time bbq with friends and family. Have lots of tools or items you need to store, don't worry the large sized storage is being used as workshop that can hold all that for you! Live in 1 unit and receive income from the back 3 units. Two of the back units are separated into studio's for extra income, but is already designed to be combined into 1 unit of a 1 bed/2 bath with living space. 4th unit is above the 2-car garage and consists of 2 bed/1 bath, laminate wood flooring, nice sized upgraded kitchen with stone counters.

Last Agent to Sell the Property

Dounia Zamora

eXp Realty of California Inc. License #01932642 Listed on: 08/31/2019

eXp Realty of California Inc.

Last Buyer's Agent

Lilli Oden

Coldwell Banker Envision License #01275999

Coldwell Banker Envision

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 5,819 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,573 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Bonus Room
  • Workshop
  • Laundry Room

Kitchen

  • Gas Oven
  • Dishwasher
  • Tile Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • Walk-In Closet
  • 5 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 37 / 12
  • Tax Tract Number 5992
  • Assessor Parcel Number 7125023024

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,286
  • Trash Expense $480
  • Water Sewer Expense $790
  • New Taxes Expense $9,326
  • Operating Expense $11,600
  • Gross Income $43,200
  • Net Operating Income $26,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Water Sewer Expenses: 790.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7125023024
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Stone Counters, Tile Counters
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 291.49
  • Room Type: All Bedrooms Down, Bonus Room, Living Room, Main Floor Master Bedroom, Master Bathroom, Walk-In Closet, Workshop

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5819.00
  • Lot Size Acres: 0.1336

Multi Family

  • Gross Income: 43200.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 1286.00
  • Lot Size Area: 5819.0000 Square Feet
  • Net Operating Income: 26200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 17000.00
  • Rent Control: No
  • Total Expenses: 11600.00

Tax Info

  • New Taxes Expense: 9326.00
  • Tax Block: 12
  • Tax Census Tract: 5703.01
  • Tax Lot: 37
  • Tax Tract Number: 5992

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2019
Closed on
Sep 13, 2019
Sold by
Sandoval Otto
Bought by
Alvarado Carmen
Seller's Agent
Dounia Zamora
eXp Realty of California Inc.
Buyer's Agent
Lilli Oden
Coldwell Banker Envision
List Price
$749,000
Sold Price
$750,000
Premium/Discount to List
$1,000
0.13%
Current Estimated Value
$1,055,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$305,724
Avg. Annual Appreciation
5.68%
Original Mortgage
$686,812
Outstanding Balance
$599,099
Interest Rate
3.4%
Estimated Equity
$456,625

Purchase Details

Closed on
Oct 17, 2005
Sold by
Sandoval Otto and Sandoval Esmeralca
Bought by
Sandoval Otto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 28, 2003
Sold by
Huezo Brian and Palma Israel
Bought by
Sandoval Otto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 2001
Sold by
Mejia Manuel A
Bought by
Huezo Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,369
Interest Rate
7.19%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 13, 1994
Sold by
Jones Robert Steven
Bought by
Mejia Manuel A
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
Alvarado Carmen $750,000 Fidelity National Title
Sandoval Otto -- Sutic
Sandoval Otto $400,000 Ticor Title Company
Huezo Brian $235,000 Fidelity Title Company
Mejia Manuel A -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarado Carmen $686,812
Previous Owner Sandoval Otto $562,500
Previous Owner Sandoval Otto $320,000
Previous Owner Huezo Brian $231,369
Closed Sandoval Otto $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2019 10/18/19 Sold $750,000 +0.1% $291 / Sq Ft
09/10/2019 09/10/19 Pending -- -- --
08/31/2019 08/31/19 For Sale $749,000 -- $291 / 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 $10,826 $820,230 $382,774 $437,456
2024 $10,826 $804,148 $375,269 $428,879
2023 $10,641 $788,381 $367,911 $420,470
2022 $9,998 $772,924 $360,698 $412,226
2021 $9,767 $757,770 $353,626 $404,144
2019 $6,693 $509,809 $209,020 $300,789
2018 $6,431 $499,814 $204,922 $294,892
2016 $5,906 $480,407 $196,965 $283,442
2015 $5,671 $473,192 $194,007 $279,185
2014 $5,637 $463,924 $190,207 $273,717
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV19206730

California Regional Multiple Listing Service (CRMLS)

APN: 7125-023-024