NOT LISTED FOR SALE

Estimated Value: $814,000 - $895,514

4 Beds
2 Baths
2,150 Sq Ft
$400/Sq Ft Est. Value

Last Sold January 10, 2019

Last sale price $570,000 $265 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $5,222/month

248 Days on Market

Highlights

  • Wood Flooring
  • Tudor Architecture
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • No HOA
  • 3-minute walk to Peace Park

About This Home

As of January 2019

This property features 2 (2 bed/ 1 bath) townhouse style units with an average of 1,050 sq ft of living space (buyer to verify). Units are Side by Side with all bedrooms upstairs. Unit #518 has been recently renovated to include new kitchen cabinets, paint and new carpet throughout entire second floor, including stairs. This unit has a California (unfinished) basement with a large walk in closet under the stairs. This unit has a very large secured patio/yard that can fit up to 4 cars, driveway off 15th St. Unit #520 has 1 Car Garage. Unit #520 was recently renovated to include new carpet (stairs/2nd floor), paint and kitchen cabinets. This unit has a medium size back patio area, behind unit. New roof installed in 2010.

Property is close to public transportation and minutes to the Metro station. This property sits across the street from award winning schools, Roosevelt Elementary School and Long Beach Polytechnic High School.

Great Property for an owner to live in one and rent out the other to help pay the mortgage

Last Agent to Sell the Property

Abel Bratton

Onyx Realty & Finc. Serv., Inc License #01991349 Listed on: 04/02/2018

Co-Listed By

Carlos Skubacz

RE/MAX 2000 License #01474295

Last Buyer's Agent

Lucille Alves

C-21 Astro License #01845204

C-21 Astro

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928 | Remodeled

Lot Details

  • 3,297 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Wood Fence
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Side Facing Garage
  • Driveway
  • Assigned Parking

Home Design

  • Tudor Architecture
  • Property Attached
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 2,150 Sq Ft Home
  • 2-Story Property
  • Window Bars

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Upper Level Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 38
  • Tax Tract Number 5753
  • Assessor Parcel Number 7269031002

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $527
  • Insurance Expense $1,000
  • Water Sewer Expense $2,400
  • New Taxes Expense $6,875
  • Operating Expense $10,802
  • Gross Income $19,020
  • Net Operating Income $8,218

Property Details

Home Type

Multi-Family

Year Built

Built in 1928 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 5.44
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Window Bars
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 2400.00
  • Zoning: LBR2N
  • Architectural Style: Tudor
  • Property Condition: Repairs Cosmetic, Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 527.00
  • Parcel Number: 7269031002
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl, Wood
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 265.12
  • Room Type: All Bedrooms Up

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Garage, Garage Faces Side
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 3297.00
  • Lot Size Acres: 0.0757

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1075 Square Feet
  • Gross Income: 19020.00
  • Gross Multiplier: 13.10
  • Gross Scheduled Income: 19020.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 3297.0000 Square Feet
  • Net Operating Income: 8218.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 10802.00
  • Rent Control: No
  • Total Actual Rent: 1585.00
  • Total Expenses: 10802.00

Tax Info

  • New Taxes Expense: 6875.00
  • Tax Census Tract: 5753.00
  • Tax Lot: 38
  • Tax Tract Number: 5753.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2018
Closed on
Dec 5, 2018
Sold by
Wang Shell H and Sheila H Wang Trust
Bought by
Huerta Melissa
Seller's Agent
Abel Bratton
Onyx Realty & Finc. Serv., Inc
Buyer's Agent
Lucille Alves
C-21 Astro
List Price
$550,000
Sold Price
$570,000
Premium/Discount to List
$20,000
3.64%
Current Estimated Value
$860,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,129
Avg. Annual Appreciation
6.09%
Original Mortgage
$541,500
Outstanding Balance
$476,140
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$383,989

Purchase Details

Closed on
Jul 9, 2013
Sold by
Wasng Sheila H
Bought by
Wang Sheila H and The Sheila H Wang Trust

Purchase Details

Closed on
Apr 26, 2012
Sold by
Tom Holme F
Bought by
Wang Sheila H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2009
Sold by
Bank Of New York
Bought by
Wang Sheila H and Shelia H Wang Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2009
Sold by
Smith Terrence
Bought by
Umar Munzir and Bey Nur Nazir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2008
Sold by
Passaretti Albert
Bought by
Bank Of New York

Purchase Details

Closed on
Mar 19, 2007
Sold by
Vega Luis
Bought by
Passaretti Albert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
8.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 2, 2004
Sold by
Kodama Anicia
Bought by
Vega Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 24, 2002
Sold by
Kodama Henry T
Bought by
Kodama Anicia

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
6.7%

Purchase Details

Closed on
Jul 11, 2002
Sold by
Vega Richard
Bought by
Kodama Anicia

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
6.7%

Purchase Details

Closed on
Mar 25, 1999
Sold by
Willkom Mary
Bought by
Vega Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
9.62%

Purchase Details

Closed on
Mar 22, 1999
Sold by
Golf Joseph
Bought by
Willkom Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
9.62%

Purchase Details

Closed on
Oct 18, 1995
Sold by
Golf Joseph
Bought by
Willkom Mary
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
Huerta Melissa $570,000 Stewart Title
Wang Sheila H -- Accommodation
Wang Sheila H -- Wfg Title
Wang Sheila H -- Wfg Title
Wang Sheila H $280,000 Landsafe Title
Umar Munzir -- None Available
Bank Of New York $276,250 Landsafe Title
Passaretti Albert $650,000 Stewart Title Of California
Vega Luis $477,000 Stewart Title
Vega Luis -- Stewart Title Of California
Kodama Anicia -- Investors Title Company
Kodama Anicia $180,000 Investors Title Company
Vega Richard -- --
Willkom Mary -- Provident Title
Willkom Mary -- Provident Title
Willkom Mary -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huerta Melissa $541,500
Previous Owner Wang Sheila H $163,000
Previous Owner Wang Sheila H $168,000
Previous Owner Passaretti Albert $455,000
Previous Owner Vega Luis $382,000
Previous Owner Kodama Anicia $200,000
Previous Owner Willkom Mary $195,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2019 01/10/19 Sold $570,000 +3.6% $265 / Sq Ft
12/06/2018 12/06/18 Pending -- -- --
11/26/2018 11/26/18 For Sale $550,000 -3.5% $256 / Sq Ft
06/15/2018 06/15/18 Off Market $570,000 -- --
05/22/2018 05/22/18 Price Changed $550,000 -1.4% $256 / Sq Ft
04/25/2018 04/25/18 For Sale $558,000 -2.1% $260 / Sq Ft
04/23/2018 04/23/18 Off Market $570,000 -- --
04/11/2018 04/11/18 Price Changed $558,000 -2.1% $260 / Sq Ft
04/02/2018 04/02/18 For Sale $570,000 -- $265 / 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 $8,596 $635,842 $334,654 $301,188
2024 $8,205 $623,376 $328,093 $295,283
2023 $8,067 $611,154 $321,660 $289,494
2022 $7,574 $599,171 $315,353 $283,818
2021 $7,419 $587,423 $309,170 $278,253
2020 $7,399 $581,400 $306,000 $275,400
2019 $4,337 $323,995 $138,854 $185,141
2018 $4,196 $317,643 $136,132 $181,511
2016 $3,852 $305,310 $130,847 $174,463
2015 $3,701 $300,725 $128,882 $171,843
2014 $3,683 $294,835 $126,358 $168,477
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18027484

California Regional Multiple Listing Service (CRMLS)

APN: 7269-031-002