NOT LISTED FOR SALE

Estimated Value: $588,000 - $853,000

2 Beds
2 Baths
948 Sq Ft
$727/Sq Ft Est. Value

Last Sold October 02, 2019

Last sale price $560,000 $591 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $4,287/month

131 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Oversized Parking
  • 0.06 Acre Lot
  • 2 Car Direct Access Garage
  • Park

About This Home

As of October 2019

Clean, updated duplex in the Downtown area of Long Beach. Just blocks from Ocean Bl., the Pike, Aquarium, Pacific Ocean, the Beach, Restaurants, and Shopping. Completely remodeled inside and out, Granite Counters in kitchens, Vanity cabinets in bathrooms, Crown molding throughout, laminate flooring in all rooms tile floors in kitchens and baths. Two individual, attached garages, one with direct access to one of the units. Ample extra parking off-street, as well. Fully fenced with a security wrought iron gate.

Last Agent to Sell the Property

Camille Jasmin

Keller Williams Palos Verdes License #01163896 Listed on: 04/02/2019

Keller Williams Palos Verdes

Last Buyer's Agent

Mercedes Rebellon

Accion Latina Investments License #01050294

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 2,508 Sq Ft Lot
  • No Units Above
  • End Unit
  • No Units Located Below
  • 1 Common Wall
  • Security Fence
  • Wrought Iron Fence
  • No Landscaping
  • Level Lot

Parking

  • 2 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Oversized Parking
  • Parking Available
  • Single Garage Door
  • Driveway Level
  • Off-Street Parking

Home Design

  • Duplex
  • Turnkey
  • Raised Foundation
  • Stucco

Interior Spaces

  • 948 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Laminate Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Heating Available
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 18
  • Tax Tract Number 11934
  • Assessor Parcel Number 7278021036

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Park

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Water Sewer Expense $420
  • New Taxes Expense $6,380
  • Operating Expense $7,800
  • Net Operating Income $26,040

Property Details

Home Type

Multi-Family

Year Built

Built in 1923 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Downtown (DT)
  • View: No
  • Water Sewer Expenses: 420.00
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7278021036
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Flooring: Laminate
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 590.72
  • Room Type: All Bedrooms Down, Kitchen
  • Window Features: Blinds

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Security, Wrought Iron
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Driveway, Driveway Level, Garage, Garage - Single Door, Off Street, Oversized
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Electric
  • Laundry Features: Outside
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level, No Landscaping
  • Lot Size Sq Ft: 2508.00
  • Lot Size Acres: 0.0576

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 33840.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 2508.0000 Square Feet
  • Net Operating Income: 26040.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 7800.00
  • Rent Control: No
  • Total Expenses: 7800.00

Tax Info

  • New Taxes Expense: 6380.00
  • Tax Lot: 18
  • Tax Tract Number: 11934

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2021
Sold by
Chavez and Gladys
Bought by
Glc Urban Properties Llc
Current Estimated Value
$689,037

Purchase Details

Listed on
Apr 2, 2019
Closed on
Aug 12, 2019
Sold by
Mendoza Fabiola Hurtado De
Bought by
Chavez Jaime and Chavez Gladys
Seller's Agent
Camille Jasmin
Keller Williams Palos Verdes
Buyer's Agent
Mercedes Rebellon
Accion Latina Investments
List Price
$580,000
Sold Price
$560,000
Premium/Discount to List
-$20,000
-3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.35%
Original Mortgage
$360,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 2, 2014
Closed on
May 21, 2014
Sold by
Esposure Inc
Bought by
Demendoza Fabiola Hurtado
Seller's Agent
Mila Orgiyvsky
JohnHart Corp.
Buyer's Agent
Camille Jasmin
List Price
$349,900
Sold Price
$340,000
Premium/Discount to List
-$9,900
-2.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.85%
Original Mortgage
$333,841
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 24, 2013
Sold by
Guzman Ana Luara
Bought by
Exposure Inc

Purchase Details

Closed on
Oct 13, 2009
Sold by
Guzman Ana Laura
Bought by
Global Alliance Associates Inc

Purchase Details

Closed on
Aug 5, 2009
Sold by
Jpmorgan Chase Bank National Association
Bought by
Guzman Ana Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,920
Interest Rate
5.02%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 14, 2006
Sold by
Moriah Investments Inc
Bought by
Martinez Hugo

Purchase Details

Closed on
Apr 24, 2006
Sold by
Martinez Hugo
Bought by
Martinez Hugo and Moriah Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
7.96%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 21, 2005
Sold by
Us Builders Llc
Bought by
Moriah Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 7, 2005
Sold by
Szutu Hui Jen
Bought by
U S Builders Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2002
Sold by
Szutu Hui Jen
Bought by
Szutu Hui Jen and The Jen Szutu Trust

Purchase Details

Closed on
Jan 14, 1998
Sold by
Seto Sam
Bought by
Szutu Hui Jen

Purchase Details

Closed on
Mar 8, 1990
Sold by
Seto Sam
Bought by
Seto Sam and Wu Pao Chin
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
Glc Urban Properties Llc -- None Listed On Document
Chavez Jaime $560,000 Fidelity National Title
Demendoza Fabiola Hurtado $340,000 Provident Title Company
Exposure Inc -- None Available
Global Alliance Associates Inc -- None Available
Guzman Ana Laura $170,000 Chicago Title Company
Martinez Hugo -- None Available
Martinez Hugo -- Accommodation
Martinez Hugo -- Ticor Title
Moriah Investments Inc -- Provident Title Company
U S Builders Llc $300,000 Southland Title
Szutu Hui Jen -- --
Szutu Hui Jen -- --
Seto Sam -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chavez Jaime $360,000
Previous Owner Demendoza Fabiola Hurtado $333,841
Previous Owner Guzman Ana Laura $166,920
Previous Owner Martinez Hugo $360,000
Previous Owner U S Builders Llc $376,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/02/2019 10/02/19 Sold $560,000 -1.6% $591 / Sq Ft
08/11/2019 08/11/19 Pending -- -- --
04/24/2019 04/24/19 Price Changed $569,000 -1.9% $600 / Sq Ft
04/02/2019 04/02/19 For Sale $580,000 +70.6% $612 / Sq Ft
06/13/2014 06/13/14 Sold $340,000 -2.8% $359 / Sq Ft View Prior Sale
04/29/2014 04/29/14 Pending -- -- --
04/02/2014 04/02/14 For Sale $349,900 -- $369 / 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 $8,637 $679,172 $424,483 $254,689
2024 $8,637 $665,856 $416,160 $249,696
2023 $7,693 $588,658 $383,679 $204,979
2022 $7,219 $577,116 $376,156 $200,960
2021 $7,077 $565,801 $368,781 $197,020
2020 $7,060 $560,000 $365,000 $195,000
2019 $4,854 $373,628 $263,738 $109,890
2018 $4,711 $366,303 $258,567 $107,736
2016 $4,338 $352,081 $248,528 $103,553
2015 $4,165 $346,793 $244,795 $101,998
2014 $2,748 $217,500 $150,000 $67,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19071924

California Regional Multiple Listing Service (CRMLS)

APN: 7278-021-036