NOT LISTED FOR SALE

503 E 16th St Long Beach, CA 90813

Central Neighborhood

Estimated Value: $1,421,000 - $1,849,000

13 Beds
7 Baths
5,304 Sq Ft
$318/Sq Ft Est. Value

Last Sold July 16, 2019

Last sale price $1,150,000 $217 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $10,173/month

62 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Laundry Room
  • Long Beach Polytechnic High School Rated A

About This Home

As of July 2019

Drive by only! Excellent Set up: 130ft frontage and 50ft dep easy for cars parking single family home on the left with 5 bedrooms 2.5 baths, center building is the 2 car garages with storage on top which is rented for additional income, third building on the right is the 3 units consist of 4 bedroom 2 baths on top and 2 - 2bedroom 1 bath each on the bottom.

Last Agent to Sell the Property

Steve Vong

First American Team Realty Inc License #01273285 Listed on: 03/21/2019

Last Buyer's Agent

Steve Vong

First American Team Realty Inc License #01273285 Listed on: 03/21/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 6,742 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 5,304 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 10
  • Tax Tract Number 10
  • Assessor Parcel Number 7269033007

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,000
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $26,250
  • Operating Expense $31,650
  • Gross Income $91,164
  • Net Operating Income $80,924

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR3S
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7269033007
  • Year Built: 1919
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 216.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Lot 6500-9999
  • Lot Size Sq Ft: 6742.00
  • Lot Size Acres: 0.1548

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 91164.00
  • Gross Scheduled Income: 91164.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 6742.0000 Square Feet
  • Net Operating Income: 80924.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 10240.00
  • Other Income1: 650.00
  • Rent Control: No
  • Total Expenses: 31650.00

Tax Info

  • New Taxes Expense: 26250.00
  • Tax Census Tract: 5753.00
  • Tax Lot: 10
  • Tax Tract Number: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2019
Closed on
Jun 25, 2019
Sold by
Sok Vanessa Maleta
Bought by
Nhep Khim
Seller's Agent
Steve Vong
First American Team Realty Inc
Buyer's Agent
Steve Vong
First American Team Realty Inc
List Price
$1,250,000
Sold Price
$1,150,000
Premium/Discount to List
-$100,000
-8%
Current Estimated Value
$1,686,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$536,332
Avg. Annual Appreciation
6.10%
Original Mortgage
$862,500
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 21, 2019
Closed on
May 28, 2019
Sold by
Som Sony N and Som Sony N
Bought by
Sarin Sophea and Nhep Khim
Seller's Agent
Steve Vong
First American Team Realty Inc
Buyer's Agent
Steve Vong
First American Team Realty Inc
List Price
$1,250,000
Sold Price
$1,150,000
Premium/Discount to List
-$100,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$862,500
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2012
Sold by
Som Vothy C and Som Sony N
Bought by
Som Sony N and The Som Family Trust

Purchase Details

Closed on
Nov 6, 2009
Sold by
Som Sopady
Bought by
Som Vothy C and Som Sony N

Purchase Details

Closed on
Dec 3, 2002
Sold by
Hud
Bought by
Som Sopady

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.83%

Purchase Details

Closed on
Aug 28, 2002
Sold by
Bank Of America Na
Bought by
Hud

Purchase Details

Closed on
Oct 2, 2001
Sold by
Woods Kywanna and Woods Kolanna Faye
Bought by
Bank Of America Na

Purchase Details

Closed on
Mar 28, 2001
Sold by
Woods Kywanna and Woods Kolanna Faye
Bought by
Salgado Eugenio

Purchase Details

Closed on
Aug 19, 1999
Sold by
Tnj Investments Inc
Bought by
Woods Kywanna and Woods Kolanna Faye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,714
Interest Rate
7.56%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 13, 1999
Sold by
Sriratanaprapat Atikom
Bought by
Tnj Investments Inc

Purchase Details

Closed on
Sep 24, 1998
Sold by
Epperly Darin L
Bought by
Sriratanaprapat Atikom

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.71%

Purchase Details

Closed on
Dec 29, 1995
Sold by
Epperly Esperanza
Bought by
Epperly Darin L

Purchase Details

Closed on
Nov 2, 1995
Sold by
Salcido Henry and Salcido Kathryn A
Bought by
Epperly Darin L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Nhep Khim -- Chicago Title Company
Sarin Sophea $1,150,000 Chicago Title Company
Som Sony N -- None Available
Som Vothy C -- None Available
Som Sopady $356,000 Nations
Som Sopady -- Nations
Hud -- First American Title Ins Co
Bank Of America Na $372,075 First American Title Ins Co
Salgado Eugenio -- --
Woods Kywanna $330,000 Benefit Land Title Company
Tnj Investments Inc -- --
Sriratanaprapat Atikom $175,000 Fidelity National Title Co
Sriratanaprapat Atikom -- Fidelity National Title Co
Epperly Darin L -- Fidelity Title
Epperly Darin L -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sarin Sophea $862,500
Previous Owner Som Sopady $200,000
Previous Owner Woods Kywanna $324,714
Previous Owner Sriratanaprapat Atikom $216,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2019 07/16/19 Sold $1,150,000 -8.0% $217 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
03/21/2019 03/21/19 For Sale $1,250,000 -- $236 / 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 $16,373 $1,257,689 $656,186 $601,503
2024 $16,373 $1,233,029 $643,320 $589,709
2023 $16,101 $1,208,853 $630,706 $578,147
2022 $15,125 $1,185,151 $618,340 $566,811
2021 $14,810 $1,161,914 $606,216 $555,698
2020 $14,770 $1,150,000 $600,000 $550,000
2019 $6,550 $462,201 $275,247 $186,954
2018 $6,267 $453,139 $269,850 $183,289
2017 $6,202 $444,255 $264,559 $179,696
2016 $5,739 $435,545 $259,372 $176,173
2015 $5,522 $429,003 $255,476 $173,527
2014 $5,502 $420,600 $250,472 $170,128
Source: Public Records

Agents Affiliated with this Home

  • Steve Vong

    Seller's Agent in 2019

    Steve Vong

    First American Team Realty Inc

    (562) 209-2927

    1 in this area

    21 Total Sales

    Steve Vong
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19064780

California Regional Multiple Listing Service (CRMLS)

APN: 7269-033-007

California Los Angeles County Long Beach 90813 Central

503 E 16th St, Long Beach, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes