NOT LISTED FOR SALE

4916 Locust Ave Long Beach, CA 90805

Addams Neighborhood

Estimated Value: $653,000 - $799,000

1 Bed
2 Baths
1,040 Sq Ft
$704/Sq Ft Est. Value

Last Sold May 27, 2014

Last sale price $339,000 $326 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $4,248/month

8 Days on Market

About This Home

As of May 2014

**STANDARD SALE **Excellent Opportunity to Purchase a Duplex Income Property in a Nice Neighborhood! Front unit is a studio with 1 bathroom. Back units is 1 bedroom 1 bathroom. **Large Lot Square Footage...county records shows 8924 sq ft Lot with RV access and Parking pad with water Hook up! **Both units are vacant have just been REMODELED w/ **GRANITE COUNTERTOPS!!! **NEW PAINT!! Potential estimated rent of $950.00 each unit; $2000.00/month total for potential ANNUAL est INCOME OF $24000.00 ...Year After Year of steady income! Close to Shopping, Schools & Parks!

Last Agent to Sell the Property

Rick Young

Young Estate Services License #01818513 Listed on: 05/07/2014

Last Buyer's Agent

Eileen Rivera

GE Dean and Associates License #01208517

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 8,924 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • 1,040 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 2227
  • Tax Tract Number 5134
  • Assessor Parcel Number 7133007010

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $2,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Property Type: Residential Income
  • Parcel Number: 7133007010
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 325.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Size Sq Ft: 8924.00
  • Lot Size Acres: 0.2050

Multi Family

  • Gross Income: 2000.00
  • Gross Scheduled Income: 24000.00
  • Lot Size Area: 8924.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 2227
  • Tax Tract Number: 5134
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2014
Closed on
May 13, 2014
Sold by
Gb Inland Properties Ii Llc
Bought by
Rosas Living Trust
Seller's Agent
Rick Young
Young Estate Services
Buyer's Agent
Eileen Rivera
GE Dean and Associates
List Price
$339,000
Sold Price
$339,000
Current Estimated Value
$731,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$392,978
Avg. Annual Appreciation
6.83%

Purchase Details

Listed on
May 7, 2014
Closed on
Apr 2, 2014
Sold by
Bank Of America Na
Bought by
Gb Inland Properties Ii Llc
Seller's Agent
Rick Young
Young Estate Services
Buyer's Agent
Eileen Rivera
GE Dean and Associates
List Price
$339,000
Sold Price
$339,000

Purchase Details

Closed on
Jan 17, 2014
Sold by
Williams Michael
Bought by
Bank Of America Na

Purchase Details

Closed on
Jun 17, 2003
Sold by
Martinez Alicia
Bought by
Williams Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 8, 2000
Sold by
Portillo Jose Mauricio
Bought by
Martinez Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,732
Interest Rate
8.12%
Mortgage Type
FHA

Purchase Details

Closed on
May 2, 2000
Sold by
Passno Matilda S and Matilda S Passno Trust
Bought by
Portillo Jose Mauricio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,732
Interest Rate
8.12%
Mortgage Type
FHA
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
Rosas Living Trust $339,000 Ticor Title
Gb Inland Properties Ii Llc $226,000 None Available
Bank Of America Na $240,000 Landsafe Title
Williams Michael $220,000 Fatcola
Martinez Alicia $155,000 South Coast Title Company
Portillo Jose Mauricio $115,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Michael $176,000
Previous Owner Martinez Alicia $153,732
Previous Owner Portillo Jose Mauricio $114,059
Closed Williams Michael $33,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2014 05/27/14 Sold $339,000 0.0% $326 / Sq Ft
05/15/2014 05/15/14 Pending -- -- --
05/07/2014 05/07/14 For Sale $339,000 -- $326 / 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 $5,502 $415,555 $317,493 $98,062
2024 $5,502 $407,408 $311,268 $96,140
2023 $5,408 $399,420 $305,165 $94,255
2022 $5,083 $391,589 $299,182 $92,407
2021 $4,980 $383,912 $293,316 $90,596
2019 $4,910 $372,527 $284,617 $87,910
2018 $4,722 $365,224 $279,037 $86,187
2016 $4,349 $351,044 $268,202 $82,842
2015 $4,176 $345,772 $264,174 $81,598
2014 -- $255,155 $161,213 $93,942
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Rick Young

    Young Estate Services

    Section Image
  • Eileen Rivera

    Buyer's Agent in 2014

    Eileen Rivera

    GE Dean and Associates

    (562) 688-9809

    62 Total Sales

    Eileen Rivera
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG14094720

California Regional Multiple Listing Service (CRMLS)

APN: 7133-007-010

California Los Angeles County Long Beach 90805 Addams

4916 Locust Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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