NOT LISTED FOR SALE

Estimated Value: $1,166,000 - $1,250,923

7 Beds
5 Baths
2,918 Sq Ft
$414/Sq Ft Est. Value

Last Sold November 08, 2018

Last sale price $800,000 $274 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $7,303/month

13 Days on Market

About This Home

As of November 2018

Excellent Investment property that rare on the market with 4 units income property located in North Long Beach. The front unit is 3bedrooms/2bathrooms; the back three units are 1bedroom/1bathroom; 1bedroom/1bathroom and 2bedrooms/1bathroom. All units are tenants occupied. Please do not disturb tenants. Drive by only.

Last Agent to Sell the Property

Visakha Sir

Circle Real Estate License #01980472 Listed on: 09/21/2018

Circle Real Estate

Co-Listed By

Samnang Chhorb

United Finance, Inc License #01805140

Last Buyer's Agent

Matt Mahowald

Buckingham Investments, Inc License #02001732

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 4,682 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • 2,918 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 5966
  • Assessor Parcel Number 7127028025

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $100
  • Water Sewer Expense $150
  • New Taxes Expense $1
  • Operating Expense $11,625
  • Gross Income $5,000
  • Net Operating Income $48,375

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 150.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7127028025
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 274.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4682.00

Multi Family

  • Gross Income: 5000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 100.00
  • Net Operating Income: 48375.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 11625.00
  • Rent Control: No
  • Total Expenses: 11625.00

Tax Info

  • New Taxes Expense: 1.25
  • Tax Census Tract: 5703.03
  • Tax Lot: 25
  • Tax Tract Number: 5966

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2018
Closed on
Nov 2, 2018
Sold by
Khuth Savoeun and Khuth Samantha P
Bought by
Sebhatu Musseye
Seller's Agent
Visakha Sir
Circle Real Estate
Buyer's Agent
Matt Mahowald
Buckingham Investments, Inc
List Price
$795,000
Sold Price
$800,000
Premium/Discount to List
$5,000
0.63%
Current Estimated Value
$1,207,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$407,481
Avg. Annual Appreciation
5.94%
Original Mortgage
$600,000
Outstanding Balance
$526,501
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$680,980

Purchase Details

Closed on
Oct 16, 2006
Sold by
Khuth Savoeun and Khuth Samantha
Bought by
Khuth Savoeun and Khuth Samantha P

Purchase Details

Closed on
Mar 9, 2006
Sold by
Ngak Kheang M
Bought by
Khuth Savoeun and Khuth Samantha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,000
Interest Rate
1.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 2, 2003
Sold by
Chu Song L and Chu Yong C
Bought by
Ngak Kheang M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
6.04%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Sebhatu Musseye $800,000 Fidelity National Title
Khuth Savoeun -- None Available
Khuth Savoeun $690,000 Fatcola
Ngak Kheang M $445,000 Stewart Title Of California
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sebhatu Musseye $600,000
Previous Owner Khuth Savoeun $483,000
Previous Owner Ngak Kheang M $283,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2018 11/08/18 Sold $800,000 +0.6% $274 / Sq Ft
10/04/2018 10/04/18 Pending -- -- --
09/21/2018 09/21/18 For Sale $795,000 -- $272 / 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 $11,707 $892,410 $334,654 $557,756
2024 $11,707 $874,913 $328,093 $546,820
2023 $11,508 $857,759 $321,660 $536,099
2022 $10,809 $840,941 $315,353 $525,588
2021 $10,586 $824,453 $309,170 $515,283
2020 $10,558 $817,080 $306,000 $511,080
2019 $10,435 $801,080 $300,000 $501,080
2018 $9,708 $751,080 $425,000 $326,080
2016 $7,764 $620,000 $275,000 $345,000
2015 $6,832 $555,000 $245,000 $310,000
2014 $6,922 $555,000 $245,000 $310,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18231424

California Regional Multiple Listing Service (CRMLS)

APN: 7127-028-025