NOT LISTED FOR SALE

Estimated Value: $848,000 - $953,000

5 Beds
3 Baths
1,832 Sq Ft
$491/Sq Ft Est. Value

Sale Details

Date Sold: August 26, 2016

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

Est. 84% increase in value since last sale

Current estimated payment $5,505 / mo

23 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Living Room
  • Private Yard
  • Two Homes on a Lot
  • Forced Air Heating System

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
  • Laundry Located Outside

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

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

5,263 Sq Ft Lot

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

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

Closed on
Mar 29, 2019
Sold by
Bought by
Current Estimated Value
$899,430

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
$491,492

Purchase Details

Listed on
Jun 7, 2016
Closed on
Jul 1, 2016
Sold by
Bought by
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
6.38%
Original Mortgage
$461,487
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 14, 2007
Sold by
Bought by

Purchase Details

Closed on
Jan 16, 2007
Sold by
Bought by

Purchase Details

Closed on
Dec 20, 2006
Sold by
Bought by

Purchase Details

Closed on
Jul 8, 2005
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
$100,000
Interest Rate
5.51%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 26, 2004
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
$324,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2001
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
$224,000
Interest Rate
7.37%

Purchase Details

Closed on
Oct 10, 2001
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
$224,000
Interest Rate
7.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
-- Fidelity National Title
$490,000 Priority Title
-- None Available
-- New Century Title Company
-- None Available
-- --
-- North American Title Co
-- Landsafe Title
-- --
$280,000 North American Title Co
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 $464,000
Previous Owner $461,487
Previous Owner $100,000
Previous Owner $400,000
Previous Owner $324,000
Previous Owner $224,000
Closed $56,000
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
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

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 $7,758 $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

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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

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