NOT LISTED FOR SALE

4884 Pacific Ave Long Beach, CA 90805

Sutter Neighborhood

Estimated Value: $832,445 - $962,000

5 Beds
3 Baths
1,832 Sq Ft
$485/Sq Ft Est. Value

Last Sold August 26, 2016

Last sale price $490,000 $267 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $5,253/month

23 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Living Room
  • Private Yard
  • Two Homes on a Lot
  • Laundry Room

About This Home

As of August 2016

Fantastic income potential for owner-occupant or investor! Two-unit property. Front unit is 2-bedrooms/1-bath. Back unit is 3-bedrooms/2-baths. Great rental in an established neighborhood close to Virginia Country Club and Bixby Knolls. Property is located on a wide street. Plenty of parking. Accessible to freeway and a quick walk to public transportation. Standard sale! Property is being sold in as-is condition.

Last Agent to Sell the Property

Teresita Creedon

Century 21 Coastal Properties License #01734294 Listed on: 06/07/2016

Century 21 Coastal Properties

Last Buyer's Agent

Mary De Leon

Hafa Adai Properties License #01232048

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 5,263 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • On-Street Parking

Home Design

  • Composition Roof

Interior Spaces

  • 1,832 Sq Ft Home
  • Living Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Two Homes on a Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 53
  • Tax Tract Number 10396
  • Assessor Parcel Number 7133025012

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $840
  • Insurance Expense $1,362
  • Trash Expense $540
  • Water Sewer Expense $2,400
  • New Taxes Expense $6,613
  • Gross Income $3,800
  • Net Operating Income $33,845

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 7133025012
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Levels: Two
  • Price Per Square Foot: 267.47
  • Room Type: Living Room

Exterior Features

  • Other Structures: Two On A Lot
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Outside
  • Trash Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 5263.00
  • Price Per Lot Square Foot: 93.10

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 840.00
  • Gross Income: 3800.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 1362.00
  • Net Operating Income: 33845.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 11755.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6613.00
  • Tax Lot: 53
  • Tax Tract Number: 10396

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2019
Sold by
Lanto Guadalupe E and Martin Erika
Bought by
Lanto Guadalupe E
Current Estimated Value
$886,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Outstanding Balance
$407,938
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$479,923

Purchase Details

Listed on
Jun 7, 2016
Closed on
Jul 1, 2016
Sold by
Dela Cerna Zenaida and The E & Z De La Cerna 2007 Famil
Bought by
Lanto Guadalupe
Seller's Agent
Teresita Creedon
Century 21 Coastal Properties
Buyer's Agent
Mary De Leon
Hafa Adai Properties
List Price
$529,000
Sold Price
$490,000
Premium/Discount to List
-$39,000
-7.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.54%
Original Mortgage
$461,487
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 14, 2007
Sold by
Dela Cerna Zenaida
Bought by
Dela Cerna Zenaida and The E & Z De La Cerna 2007 Famil

Purchase Details

Closed on
Jan 16, 2007
Sold by
Dela Cerna Edito
Bought by
Dela Cerna Zenaida

Purchase Details

Closed on
Dec 20, 2006
Sold by
Dela Cerna Gina
Bought by
Delacerna Edito and Delacerna Zenaida

Purchase Details

Closed on
Jul 8, 2005
Sold by
Mapa Ferdinand and Mapa Gina
Bought by
Dela Cerna Gina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.51%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 26, 2004
Sold by
Delacerna Zenaida
Bought by
Delacerna Edito

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2001
Sold by
Delacerna Zenaida
Bought by
Delacerna Edito

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
7.37%

Purchase Details

Closed on
Oct 10, 2001
Sold by
Craig James N and Craig Laurie B
Bought by
Mapa Ferdinand and Mapa Gina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
7.37%
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
Lanto Guadalupe E -- Fidelity National Title
Lanto Guadalupe $490,000 Priority Title
Dela Cerna Zenaida -- None Available
Dela Cerna Zenaida -- New Century Title Company
Delacerna Edito -- None Available
Dela Cerna Gina -- --
Dela Cerna Gina -- North American Title Co
Delacerna Edito -- Landsafe Title
Delacerna Edito -- --
Mapa Ferdinand $280,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lanto Guadalupe E $464,000
Previous Owner Lanto Guadalupe $461,487
Previous Owner Dela Cerna Gina $100,000
Previous Owner Dela Cerna Gina $400,000
Previous Owner Delacerna Edito $324,000
Previous Owner Mapa Ferdinand $224,000
Closed Mapa Ferdinand $56,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2016 08/26/16 Sold $490,000 -7.4% $267 / Sq Ft
06/30/2016 06/30/16 Pending -- -- --
06/07/2016 06/07/16 For Sale $529,000 -- $289 / 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 $7,420 $568,680 $220,507 $348,173
2024 $7,420 $557,531 $216,184 $341,347
2023 $7,296 $546,600 $211,946 $334,654
2022 $6,854 $535,884 $207,791 $328,093
2021 $6,631 $525,377 $203,717 $321,660
2020 $6,613 $519,991 $201,629 $318,362
2019 $6,535 $509,796 $197,676 $312,120
2018 $6,301 $499,800 $193,800 $306,000
2016 $6,791 $559,880 $404,039 $155,841
2015 $6,518 $551,471 $397,970 $153,501
2014 $6,475 $540,670 $390,175 $150,495
Source: Public Records

Agents Affiliated with this Home

  • Teresita Creedon

    Seller's Agent in 2016

    Teresita Creedon

    Century 21 Coastal Properties

    (310) 923-8085

    31 Total Sales

    Teresita Creedon
    Section Image

  • M

    Buyer's Agent in 2016

    Mary De Leon

    Hafa Adai Properties

    (562) 234-1050

    15 Total Sales

    Mary De Leon
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16122890

California Regional Multiple Listing Service (CRMLS)

APN: 7133-025-012

California Los Angeles County Long Beach 90805 Sutter

4884 Pacific Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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