NOT LISTED FOR SALE
6 Beds
5 Baths
2,971 Sq Ft
4,011 Sq Ft Lot

Sale Details

Date Sold: November 22, 2019

Last sale price $1,340,000 $451 Per Sq Ft

178 Days on Market

Highlights

  • Golf Course Community
  • Bike Trail
  • Dog Park
  • Stanford Middle School Rated A-

About This Home

As of November 2019

5 unit multi-family investment property down the street from Cal State Long Beach and the Traffic Circle developments. Featuring one two-bed/one-bath and four one-bed/one bath units, each individually metered for gas, water and electric. A number of the units have been recently renovated, along with new windows and electrical. 5 on-site parking spots make this property very desirable to prospective tenants in the area.

Last Agent to Sell the Property

Travis Lebouf

Platinum Properties R.E. License #01938822 Listed on: 04/09/2019

Co-Listed By

Anthony Walker

Buckingham Investments, Inc License #01908153

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 4,011 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 2,971 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 15865
  • Assessor Parcel Number 7220020029

Community Details

Overview

  • 5 Units

Recreation

  • Golf Course Community
  • Dog Park
  • Bike Trail

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Operating Expense $32,681
  • Gross Income $88,020
  • Net Operating Income $50,938

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

4,011 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Property Type: Residential Income
  • Parcel Number: 7220020029
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 451.03

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Golf

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4011.00
  • Lot Size Acres: 0.0921

Multi Family

  • Gross Income: 88020.00
  • Gross Scheduled Income: 88020.00
  • Lot Size Area: 4011.0000 Square Feet
  • Net Operating Income: 50938.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 32681.00
  • Rent Control: No
  • Total Actual Rent: 7335.00
  • Total Expenses: 32681.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Lot: 29
  • Tax Tract Number: 15865

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2019
Closed on
Oct 9, 2019
Sold by
Bought by
Seller's Agent
Travis Lebouf
Platinum Properties R.E.
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,400,000
Sold Price
$1,340,000
Premium/Discount to List
-$60,000
-4.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$915,000
Interest Rate
0.035%

Purchase Details

Listed on
Apr 26, 2016
Closed on
May 12, 2016
Sold by
Bought by
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Travis Lebouf
Platinum Properties R.E.
List Price
$975,000
Sold Price
$949,750
Premium/Discount to List
-$25,250
-2.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.62%
Original Mortgage
$590,000
Interest Rate
0.0357%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 9, 2010
Sold by
Bought by

Purchase Details

Closed on
Dec 8, 2006
Sold by
Bought by

Purchase Details

Closed on
Sep 19, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
0.0643%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
0.0643%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 23, 2003
Sold by
Bought by

Purchase Details

Closed on
Jul 1, 2003
Sold by
Bought by

Purchase Details

Closed on
Dec 27, 1996
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,350,000 Chicago Title Company
-- Old Republic Title
$950,000 Old Republic Title
-- None Available
-- None Available
-- Gateway Title Company Orange
$850,000 Gateway Title Company Orange
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $915,000
Previous Owner $425,425
Previous Owner $590,000
Previous Owner $150,000
Previous Owner $550,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/22/2019 11/22/19 Sold $1,340,000 -0.7% $451 / Sq Ft
09/27/2019 09/27/19 Price Changed $1,350,000 -3.6% $454 / Sq Ft
04/09/2019 04/09/19 For Sale $1,400,000 +47.4% $471 / Sq Ft
06/24/2016 06/24/16 Sold $949,750 -2.6% $320 / Sq Ft View Prior Sale
04/26/2016 04/26/16 Pending -- -- --
04/26/2016 04/26/16 For Sale $975,000 -- $328 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $19,773 $1,476,418 $956,938 $519,480
2024 $18,918 $1,447,470 $938,175 $509,295
2023 $18,597 $1,419,089 $919,780 $499,309
2022 $17,448 $1,391,265 $901,746 $489,519
2021 $17,101 $1,363,986 $884,065 $479,921
2020 $17,056 $1,350,000 $875,000 $475,000
2019 $13,036 $1,007,881 $705,703 $302,178
2018 $12,581 $988,119 $691,866 $296,253
2016 $10,013 $815,000 $473,400 $341,600
2015 $8,907 $740,000 $429,800 $310,200
2014 $8,507 $695,000 $403,700 $291,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19080596

California Regional Multiple Listing Service (CRMLS)

APN: 7220-002-029

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