NOT LISTED FOR SALE

Estimated Value: $1,009,676 - $1,284,000

4 Beds
4 Baths
2,539 Sq Ft
$463/Sq Ft Est. Value

Last Sold March 20, 2020

Last sale price $850,000 $335 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $7,102/month

Highlights

  • Ocean Side of Highway 1
  • 0.15 Acre Lot
  • Spanish Architecture
  • Long Beach Polytechnic High School Rated A
  • Wood Flooring
  • 3-minute walk to Miracle On Fourth Street Park

About This Home

As of March 2020

Spanish Beauty but in need of work. Garage fire damage and major repairs needed. 4 Stairwells and plumbing require replacement. Major Termite damage. Heating systems require service.

Last Agent to Sell the Property

Sergio Macias

Seven Gables Real Estate License #01247110 Listed on: 03/20/2020

Last Buyer's Agent

Sergio Macias

Seven Gables Real Estate License #01247110 Listed on: 03/20/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 6,699 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Needs Fence Repair
  • Rectangular Lot
  • Level Lot
  • Front Yard Sprinklers
  • Back Yard
  • Zero Lot Line

Parking

  • 4 Car Garage
  • Parking Available
  • Parking Lot
  • Off-Street Parking

Home Design

  • Spanish Architecture
  • Property Attached
  • Fixer Upper
  • Spanish Tile Roof
  • Rolled or Hot Mop Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,539 Sq Ft Home
  • Decorative Fireplace
  • Wood Frame Window
  • Living Room with Fireplace

Kitchen

  • Galley Kitchen
  • Gas Range
  • Tile Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Ocean Side of Highway 1
  • Exterior Lighting

Utilities

  • Floor Furnace
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 5
  • Tax Tract Number 4
  • Assessor Parcel Number 7266019006

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,800
  • Maintenance Expense $2,655
  • Professional Management Expense $3,186
  • Trash Expense $1,000
  • Water Sewer Expense $2,000
  • New Taxes Expense $10,625
  • Operating Expense $23,859
  • Gross Income $75
  • Net Operating Income $29,261

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Parking

4

Listing Details

  • Professional Management Expense: 3186.00
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: 4th Street Tract
  • View: No
  • Water Sewer Expenses: 2000.00
  • Zoning: LBR1N
  • Architectural Style: Spanish
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7266019006
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Tile Counters
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Fireplace Features: Living Room, Decorative
  • Levels: Two
  • Price Per Square Foot: 334.78
  • Room Type: Galley Kitchen, Living Room, Walk-In Closet
  • Window Features: Wood Frames

Exterior Features

  • Fence: Yes
  • Fencing: Needs Repair, Wood
  • Pool Private: No
  • Roof: Composition, Rolled/Hot Mop, Spanish Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Off Street, Parking Space
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator, Water Heater
  • Electric: Standard
  • Heating Type: Floor Furnace
  • Laundry Features: Individual Room, Inside, Stackable
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Level with Street, Rectangular Lot, Sprinklers In Front, Zero Lot Line
  • Lot Size Sq Ft: 6699.00
  • Lot Size Acres: 0.1538

Rental Info

  • Garage Rental Rate: 75.00
  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Garage Income: 75.00
  • Gross Income: 75.00
  • Gross Scheduled Income: 53100.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 6699.0000 Square Feet
  • Maintenance Expense: 2655.00
  • Net Operating Income: 29261.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 1
  • Number With Range: 3
  • Number With Refrigerator: 2
  • Operating Expense: 23859.00
  • Rent Control: No
  • Total Actual Rent: 4350.00
  • Total Expenses: 23859.00
  • Waterfront Features: Ocean Side of Freeway, Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 10625.00
  • Tax Area: 5500
  • Tax Census Tract: 5765.03
  • Tax Lot: 5
  • Tax Tract Number: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2020
Closed on
Mar 4, 2020
Sold by
Dodge Karen L and Hernandez Cenobio
Bought by
Macias Mario
Seller's Agent
Sergio Macias
Seven Gables Real Estate
Buyer's Agent
Sergio Macias
Seven Gables Real Estate
List Price
$850,000
Sold Price
$850,000
Current Estimated Value
$1,174,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$324,919
Avg. Annual Appreciation
5.68%
Original Mortgage
$609,500
Outstanding Balance
$538,770
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$636,149

Purchase Details

Listed on
Mar 20, 2020
Closed on
Feb 19, 2020
Sold by
Macias Consuelo
Bought by
Macias Mario
Seller's Agent
Sergio Macias
Seven Gables Real Estate
Buyer's Agent
Sergio Macias
Seven Gables Real Estate
List Price
$850,000
Sold Price
$850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$609,500
Outstanding Balance
$538,770
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$636,149

Purchase Details

Closed on
Feb 22, 2019
Sold by
Dodge Karen L and Hernandez Cenorbio
Bought by
Dodge Karen L and Hernandez Cenorbio

Purchase Details

Closed on
Mar 15, 2005
Sold by
Dodge Karen L
Bought by
Hernandez Cenobio and Dodge Karen L

Purchase Details

Closed on
Mar 2, 2005
Sold by
Dodge Karen L
Bought by
Dodge Karen L

Purchase Details

Closed on
Aug 27, 2004
Sold by
Dodge Karen
Bought by
Dodge Karen L and The Karen L Dodge 2002 Trust

Purchase Details

Closed on
Jan 8, 2004
Sold by
Hernandez Cenovio
Bought by
Dodge Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,300
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 8, 2003
Sold by
Roybal Thomas J
Bought by
Dodge Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,300
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 25, 2001
Sold by
Cameron Bruce
Bought by
Roybal Thomas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
7.5%

Purchase Details

Closed on
Jun 3, 1999
Sold by
Cameron Bruce
Bought by
Cameron Bruce and Cameron Betty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,250
Interest Rate
7.51%

Purchase Details

Closed on
Dec 16, 1994
Sold by
Cameron Bruce
Bought by
Cameron Bruce and Cameron Betty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,900
Interest Rate
9.08%

Purchase Details

Closed on
Nov 8, 1994
Sold by
Clasen Eugene R
Bought by
Cameron Bruce and Cameron Betty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,900
Interest Rate
9.08%
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
Macias Mario $850,000 Fidelity National Title
Macias Mario -- Fidelity National Title
Dodge Karen L -- None Available
Hernandez Cenobio -- First American Title Ins Co
Dodge Karen L -- --
Dodge Karen L -- --
Dodge Karen -- Ltc
Dodge Karen $559,000 Ltc
Roybal Thomas J $265,000 North American Title Co
Cameron Bruce -- American Title Co
Cameron Bruce -- --
Cameron Bruce $167,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macias Mario $609,500
Previous Owner Dodge Karen $391,300
Previous Owner Roybal Thomas J $212,000
Previous Owner Cameron Bruce $122,250
Previous Owner Cameron Bruce $116,900
Closed Roybal Thomas J $39,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2020 03/20/20 Sold $850,000 0.0% $335 / Sq Ft
03/20/2020 03/20/20 Pending -- -- --
03/20/2020 03/20/20 For Sale $850,000 -- $335 / 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 $12,014 $929,596 $601,503 $328,093
2024 $12,014 $911,369 $589,709 $321,660
2023 $11,812 $893,500 $578,147 $315,353
2022 $11,092 $875,981 $566,811 $309,170
2021 $10,869 $858,806 $555,698 $303,108
2020 $9,277 $727,011 $481,011 $246,000
2019 $9,168 $712,763 $471,580 $241,183
2018 $8,875 $698,794 $462,334 $236,460
2017 $8,780 $684,799 $453,269 $231,530
2016 $8,160 $671,373 $444,382 $226,991
2015 $7,833 $661,289 $437,707 $223,582
2014 $7,784 $648,336 $429,133 $219,203
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20060685

California Regional Multiple Listing Service (CRMLS)

APN: 7266-019-006