NOT LISTED FOR SALE

Estimated Value: $827,000 - $1,077,000

3 Beds
3 Baths
2,066 Sq Ft
$452/Sq Ft Est. Value

Last Sold July 27, 2016

Last sale price $540,000 $261 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $5,578/month

19 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • 3 Car Garage
  • Traditional Architecture
  • Laundry Room
  • Wall Furnace

About This Home

As of July 2016

This well kept triples is located in a great area of Long Beach Wrigley, each unit is a spacious 1 bedroom 1 bath. Both lower units have a separate dining area off the kitchens and large closet of the living rooms. The upstairs unit has it's eating are in the kitchen and a small area off the bedroom, that the tenant is using as an extra bed space. Each has it's own one car garage space, with extra space for additional uncovered parking and their gas and electrical meter. Yard is low maintenance, with a quaint seating are in the back for small gatherings or just hanging out. Vacancy is low and tenants have lived there for years. Property is near schools, shops, bus and metro transportation, as well as near by 405 and 710 fwy, downtown Long Beach and Pike.

Last Agent to Sell the Property

Marie Goodloe

Y Realty License #01160799 Listed on: 06/05/2016

Y Realty

Co-Listed By

Susan Drew

Keller Williams Pacific Estate License #00863171

Last Buyer's Agent

Scott Mahan

Buckingham Investments, Inc. License #01955305

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,273

Year Built

  • Built in 1941

Lot Details

  • 4,845 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Back Yard

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • 2,066 Sq Ft Home
  • Traditional Architecture

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Location

  • Property is near public transit
  • Urban Location

Additional Features

  • Laundry Room
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1&2
  • Tax Tract Number 10674
  • Assessor Parcel Number 7205025001

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Insurance Expense $3,570
  • Trash Expense $238
  • Water Sewer Expense $720
  • New Taxes Expense $6,563
  • Gross Income $2,000
  • Net Operating Income $12,705

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,273

Year Built

Built in 1941

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 720.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7205025001
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 261.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 238.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Urban

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Near Public Transit
  • Lot Size Sq Ft: 4845.00
  • Price Per Lot Square Foot: 111.46

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 700
  • Gross Income: 2000.00
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 3570.00
  • Net Operating Income: 12705.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 11295.00
  • Rent Control: No
  • Total Actual Rent: 2000.00

Tax Info

  • New Taxes Expense: 6563.00
  • Tax Lot: 1&2
  • Tax Tract Number: 10674

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2016
Closed on
Jun 26, 2016
Sold by
Lindsey Linda
Bought by
Johnson Barbara J and Johnson Thomas F
Seller's Agent
Marie Goodloe
Y Realty
Buyer's Agent
Scott Mahan
Buckingham Investments, Inc.
List Price
$52,500
Sold Price
$540,000
Premium/Discount to List
$487,500
928.57%
Current Estimated Value
$934,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$394,042
Avg. Annual Appreciation
6.10%

Purchase Details

Listed on
Mar 17, 2014
Closed on
Feb 19, 2015
Sold by
Alvarez Jose Luis Arambula
Bought by
Lindsey Linda and The Linda Lindsey Trust
Seller's Agent
Marycruz Elizalde
The Elizalde Group
Buyer's Agent
Mercedes Erhahon
KW Vision
List Price
$459,000
Sold Price
$459,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.69%
Original Mortgage
$436,050
Interest Rate
3.61%
Mortgage Type
VA

Purchase Details

Listed on
Nov 14, 2011
Closed on
Feb 26, 2013
Sold by
Parra Martha and Parra Ramon
Bought by
Alvarez Jose Luis Arambula
Seller's Agent
antonio acereto
HIGHPOINT INVESTMENTS, INC.
Buyer's Agent
antonio acereto
HIGHPOINT INVESTMENTS, INC.
List Price
$330,000
Sold Price
$330,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.84%
Original Mortgage
$324,022
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 17, 2005
Sold by
Parra Ramon and Parra Martha
Bought by
Parra Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
6.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 24, 2003
Sold by
Parra Martha
Bought by
Parra Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
8.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 11, 2000
Sold by
Brown Tony D
Bought by
Brown Bridgett A Rivers

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,772
Interest Rate
7.98%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 8, 2000
Sold by
Rivers Richard E and Rivers Anita Y
Bought by
Parra Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,772
Interest Rate
7.98%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Johnson Barbara J $540,000 Ticor Title
Lindsey Linda $459,000 Wfg Title Company
Alvarez Jose Luis Arambula $330,000 Lawyers Title
Parra Ramon -- Stewart Title Of Ca Inc
Parra Ramon -- --
Parra Martha -- Southland Title
Brown Bridgett A Rivers -- United Title
Parra Ramon $171,000 United Title Company
Rivers Richard E -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lindsey Linda $436,050
Previous Owner Alvarez Jose Luis Arambula $324,022
Previous Owner Parra Ramon $305,000
Previous Owner Parra Martha $207,000
Previous Owner Parra Ramon $168,772
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/27/2016 07/27/16 Sold $540,000 +928.6% $261 / Sq Ft
06/05/2016 06/05/16 For Sale $52,500 -88.6% $25 / Sq Ft
03/18/2015 03/18/15 Sold $459,000 0.0% $222 / Sq Ft View Prior Sale
02/09/2015 02/09/15 Pending -- -- --
03/17/2014 03/17/14 For Sale $459,000 +39.1% $222 / Sq Ft
03/15/2013 03/15/13 Sold $330,000 0.0% $160 / Sq Ft View Prior Sale
01/30/2012 01/30/12 Pending -- -- --
11/14/2011 11/14/11 For Sale $330,000 -- $160 / 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 $8,273 $626,712 $290,145 $336,567
2024 $8,273 $614,424 $284,456 $329,968
2023 $8,132 $602,378 $278,879 $323,499
2022 $7,641 $590,567 $273,411 $317,156
2021 $7,483 $578,988 $268,050 $310,938
2019 $7,377 $561,816 $260,100 $301,716
2018 $7,132 $550,800 $255,000 $295,800
2016 $4,354 $465,999 $203,050 $262,949
2015 $4,239 $338,120 $153,691 $184,429
2014 $4,223 $331,498 $150,681 $180,817
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16122586

California Regional Multiple Listing Service (CRMLS)

APN: 7205-025-001