NOT LISTED FOR SALE

486 E Adair St Long Beach, CA 90805

DeForest Park Neighborhood

Estimated Value: $1,001,000 - $1,314,000

4 Beds
2 Baths
2,064 Sq Ft
$559/Sq Ft Est. Value

Last Sold February 22, 2019

Last sale price $604,250 $293 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $7,165/month

About This Home

As of February 2019

A fabulous Triplex - gain passive income in this 3 on a lot income property. Buyer may live in one and rent out others. Front unit is a well maintained jewel with spacious living room and kitchen. Corner property with good curb appeal. The two other properties are in good shape also. NO RENT CONTROL means put the tenants in you like with the rent that you prefer. The De forest neighborhood is sought after premier area with parks & freeways close by.

Last Agent to Sell the Property

John Scott

John L. Scott Real Estate License #01369752 Listed on: 10/22/2018

John L. Scott Real Estate

Last Buyer's Agent

Rob Schultz

Pacific Realty of California License #01218743

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 6,087 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • 2,064 Sq Ft Home
  • Triplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Community Details

  • 3 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 7125-015-029

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: www.Johnscottbroker.com
  • Living Area: 2064
  • Probate: Yes
  • Year Built: 1939
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 2.00
  • Equipment: Cable
  • Price Per S Q F T: 312.02

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage - 2 Car
  • Total Parking: 3

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 178514
  • Assessed Land Value: 99577
  • Assessor Parcel Number: 7125-015-029
  • Geocode Override: No
  • Lot Size Area: 6087

Rental Info

  • Court Approve: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 5.00
  • Number Of Units: 3
  • Type Of Units: triplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2020
Sold by
Monaghan Mike
Bought by
An Phu Capital Llc
Current Estimated Value
$1,153,673

Purchase Details

Listed on
Oct 22, 2018
Closed on
Feb 21, 2019
Sold by
Monaghan Melissa Paras
Bought by
Monaghan Michael
Seller's Agent
John Scott
John L. Scott Real Estate
Buyer's Agent
Rob Schultz
Pacific Realty of California
List Price
$644,000
Sold Price
$604,250
Premium/Discount to List
-$39,750
-6.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.87%
Original Mortgage
$541,395
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 22, 2018
Closed on
Feb 20, 2019
Sold by
Happold Aushakia and Estate Of Orelando Ramos
Bought by
Monaghan Mike
Seller's Agent
John Scott
John L. Scott Real Estate
Buyer's Agent
Rob Schultz
Pacific Realty of California
List Price
$644,000
Sold Price
$604,250
Premium/Discount to List
-$39,750
-6.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$541,395
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2012
Sold by
Ramos Orelando and Estate Of Adell Ramos
Bought by
Ramos Orelando

Purchase Details

Closed on
Aug 3, 1993
Sold by
Great Western Bank Fsb
Bought by
Ramos Adell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.88%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
An Phu Capital Llc $904,500 North American Title Company
Monaghan Michael -- Stewart Title
Monaghan Mike $604,500 Stewart Title
Ramos Orelando -- None Available
Ramos Adell $150,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Monaghan Michael $541,395
Previous Owner Monaghan Mike $541,395
Previous Owner Ramos Adell $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2019 02/22/19 Sold $604,250 -6.2% $293 / Sq Ft
10/22/2018 10/22/18 Pending -- -- --
10/22/2018 10/22/18 For Sale $644,000 -- $312 / Sq Ft
Source: The MLS

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 $13,657 $1,055,035 $437,625 $617,410
2024 $13,657 $1,034,349 $429,045 $605,304
2023 $13,425 $1,014,069 $420,633 $593,436
2022 $11,723 $922,386 $412,386 $510,000
2021 $11,489 $904,300 $404,300 $500,000
2020 $8,008 $616,284 $306,000 $310,284
2019 $7,780 $593,028 $280,908 $312,120
2018 $3,915 $283,652 $101,568 $182,084
2016 $3,602 $272,639 $97,625 $175,014
2015 $3,465 $268,545 $96,159 $172,386
2014 $3,457 $263,286 $94,276 $169,010
Source: Public Records

Agents Affiliated with this Home

  • John Scott

    Seller's Agent in 2019

    John Scott

    John L. Scott Real Estate

    (253) 245-9194

    15 Total Sales

    John Scott
    Section Image
  • Rob Schultz

    Buyer's Agent in 2019

    Rob Schultz

    Pacific Realty of California

    (310) 869-6605

    13 Total Sales

    Rob Schultz
    Section Image
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Map

Source: The MLS

MLS Number: 18-400716

The MLS

APN: 7125-015-029

California Los Angeles County Long Beach 90805 DeForest Park

486 E Adair St, Long Beach, CA

Not Listed for Sale

MultiFamily

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