NOT LISTED FOR SALE

460 E Norton St Long Beach, CA 90805

Dairy Neighborhood

Estimated Value: $749,000 - $819,000

5 Beds
3 Baths
1,486 Sq Ft
$538/Sq Ft Est. Value

Last Sold December 06, 2016

Last sale price $449,000 $302 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $4,765/month

6 Days on Market

Highlights

  • Traditional Architecture
  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • No HOA
  • Tile Flooring
  • Front Yard

About This Home

As of December 2016

This property pays for itself. Great starter for beginner investor. Live in one - rent the others. Rented below market with no rent control in area. Excellent rental North Long Beach area. Will never have a vacancy!! No contingencies - Standard Sale - Plenty of room to add. Middle unit has 3 bedrooms, single unit is permitted and has certificate of occupancy.

Very low maintenance costs

Last Agent to Sell the Property

Tanya Marin

MARIN & ASSOCIATES License #01082851 Listed on: 08/24/2016

Last Buyer's Agent

Julian Gomez

Century 21 Allstars License #01384579

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 4,595 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Front Yard

Home Design

  • Traditional Architecture
  • Property Attached
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Siding
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 1,486 Sq Ft Home
  • 2-Story Property

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • 220 Volts in Kitchen
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 33
  • Tax Tract Number 5992
  • Assessor Parcel Number 7127026011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $875
  • Maintenance Expense $600
  • Trash Expense $400
  • Water Sewer Expense $1,400
  • Operating Expense $3,725
  • Gross Income $38,760
  • Net Operating Income $31,609

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Water Sewer Expenses: 1400.00
  • Zoning: LBR1N
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7127026011
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Vinyl
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 302.15

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Construction Materials: Concrete, Drywall Walls, Frame, Shingle Siding, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Water Connected
  • Heating: Yes
  • Laundry: No
  • Electric: 220 Volts in Kitchen
  • Heating Type: Wall Furnace
  • Sewer: Sewer Paid
  • Trash Expense: 400.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 4595.00
  • Price Per Lot Square Foot: 95.51

Multi Family

  • Electric Expense: 875.00
  • Gross Income: 38760.00
  • Gross Operating Income: 34884.00
  • Gross Scheduled Income: 38760.00
  • Maintenance Expense: 600.00
  • Net Operating Income: 31609.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Operating Expense: 3275.00
  • Rent Control: No
  • Total Expenses: 3725.00

Tax Info

  • Tax Lot: 33
  • Tax Tract Number: 5992

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 28, 2023
Sold by
Benavidez Luis Jaime and Benavidez Jacqueline L
Bought by
Benavidez Luis J and Benavidez Luis J
Current Estimated Value
$799,026

Purchase Details

Closed on
Sep 8, 2016
Sold by
Giron Isau
Bought by
Benavidez Luis Jaime and Benavidez Jacqueline L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,750
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2008
Sold by
Amado Teodulo and Amado Mercedes
Bought by
Giron Isau

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,380
Interest Rate
6.39%
Mortgage Type
FHA

Purchase Details

Closed on
May 6, 2005
Sold by
Aduwa Henry Eki
Bought by
Amado Teodulo and Amado Mercedes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,600
Interest Rate
7.17%
Mortgage Type
Balloon

Purchase Details

Closed on
May 11, 2004
Sold by
Larios Mayra and Larios Casandra
Bought by
Aduwa Henry Eki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 25, 2002
Sold by
Reiterman Kerry Jon and Reiterman Carl James
Bought by
Larios Mayra and Larios Casandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,353
Interest Rate
5.85%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 17, 1998
Sold by
Reiterman Delores M
Bought by
Reiterman Delores M and Delores M Reiterman Family Tru

Purchase Details

Closed on
Feb 6, 1995
Sold by
Sharoni Asher and Sharoni Tova
Bought by
Reiterman Delores M
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
Benavidez Luis J -- None Listed On Document
Benavidez Luis Jaime $449,000 Ticor Title Co
Giron Isau $299,000 Fidelity Van Nuys
Amado Teodulo $487,000 Fatcola
Aduwa Henry Eki $385,000 --
Larios Mayra $236,000 Gateway Title Company
Reiterman Delores M -- --
Reiterman Delores M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Benavidez Luis Jaime $336,750
Previous Owner Giron Isau $294,380
Previous Owner Amado Teodulo $389,600
Previous Owner Aduwa Henry Eki $346,500
Previous Owner Larios Mayra $232,353
Closed Amado Teodulo $97,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/06/2016 12/06/16 Sold $449,000 0.0% $302 / Sq Ft
12/06/2016 12/06/16 Sold $449,000 +2.3% $302 / Sq Ft View Prior Sale
08/30/2016 08/30/16 Pending -- -- --
08/24/2016 08/24/16 For Sale $438,888 -2.0% $295 / Sq Ft
03/31/2016 03/31/16 Pending -- -- --
11/28/2015 11/28/15 For Sale $448,000 -- $301 / 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 $6,932 $521,097 $288,983 $232,114
2024 $6,932 $510,880 $283,317 $227,563
2023 $6,812 $500,863 $277,762 $223,101
2022 $6,401 $491,043 $272,316 $218,727
2021 $6,268 $481,416 $266,977 $214,439
2020 $6,252 $476,481 $264,240 $212,241
2019 $6,179 $467,139 $259,059 $208,080
2018 $5,976 $457,980 $253,980 $204,000
2016 $3,979 $325,252 $216,473 $108,779
2015 $3,821 $320,368 $213,222 $107,146
2014 $3,801 $314,094 $209,046 $105,048
Source: Public Records

Agents Affiliated with this Home

  • Tanya Marin

    Seller's Agent in 2016

    Tanya Marin

    MARIN & ASSOCIATES

    (213) 344-6112

    6 Total Sales

    Tanya Marin
    Section Image
  • Julian Gomez

    Buyer's Agent in 2016

    Julian Gomez

    Century 21 Allstars

    (562) 863-2121

    28 Total Sales

    Julian Gomez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16186634

California Regional Multiple Listing Service (CRMLS)

APN: 7127-026-011

California Los Angeles County Long Beach 90805 Dairy

460 E Norton St, Long Beach, CA

Not Listed for Sale

MultiFamily

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