NOT LISTED FOR SALE

520 E 17th St Long Beach, CA 90813

Central Neighborhood

Estimated Value: $1,246,444 - $1,349,000

1 Bed
1 Bath
4,720 Sq Ft
$275/Sq Ft Est. Value

Last Sold July 12, 2013

Last sale price $600,000 $127 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $7,627/month

83 Days on Market

About This Home

As of July 2013

The property offers an investor the opportunity to purchase a building offering large units with garages and a central courtyard area.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 04/30/2013

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 04/30/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,143 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage

Home Design

  • 4,720 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 11
  • Assessor Parcel Number 7269033008

Community Details

Overview

  • 6 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,500
  • Maintenance Expense $4,500
  • Other Expense $500
  • Pest Control $300
  • Trash Expense $919
  • Water Sewer Expense $919
  • New Taxes Expense $8,350
  • Gross Income $5,350
  • Net Operating Income $43,402

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

5

Listing Details

  • CapRate: 6.80
  • Property Attached: Yes
  • Water Sewer Expenses: 919.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7269033008
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 127.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 300.00
  • Trash Expense: 919.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6143.00
  • Lot Size Acres: 0.1410

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 5350.00
  • Gross Multiplier: 9.97
  • Gross Scheduled Income: 64200.00
  • Gross Spendable Income: 19262.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6143.0000 Square Feet
  • Maintenance Expense: 4500.00
  • Net Operating Income: 43402.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 17588.00
  • Operating Expense Percent: 27.40
  • Other Expense: 500.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 8350.00
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2013
Closed on
May 31, 2013
Sold by
Dha Opportunity 1 Lp
Bought by
Noltensmeier Richard A and Noltensmeier Jane E
Seller's Agent
Doug Rodermund
Morgan Skenderian
Buyer's Agent
Doug Rodermund
Morgan Skenderian
List Price
$640,000
Sold Price
$600,000
Premium/Discount to List
-$40,000
-6.25%
Current Estimated Value
$1,297,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$697,722
Avg. Annual Appreciation
6.39%
Original Mortgage
$450,000
Interest Rate
3.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 2011
Sold by
520 E 17Th 330150325 Llc
Bought by
Dha Opportunity 1 Lp

Purchase Details

Closed on
Sep 15, 2010
Sold by
Pedersen Dennis and Haddad Omar
Bought by
520 E 17Th 330150325 Llc

Purchase Details

Closed on
Mar 9, 2006
Sold by
Knudtson Ronald Gene and Knudtson Blanche Louise
Bought by
Haddad Omar and Pedersen Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,500
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 5, 1996
Sold by
Arnold Emily H Revocable Trust
Bought by
Knudtson Ronald Gene and Knudtson Blanche Louis

Purchase Details

Closed on
Jul 19, 1995
Sold by
Arnold Emily Hartmann
Bought by
Livin Knudtson Ronald and Livin Emily Hartmann Revocable

Purchase Details

Closed on
Jul 14, 1995
Sold by
Hartmann Loraine M
Bought by
Arnold Emily Hartmann

Purchase Details

Closed on
Jul 7, 1995
Sold by
Arnold Emily Hartmann
Bought by
Revocabl Knudtson Ronald and Revocabl Emily Hartmann Arnold
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

Date Buyer Sale Price Title Company
Noltensmeier Richard A $600,000 Orange Coast Title
Dha Opportunity 1 Lp $335,000 Advantage Title Inc
520 E 17Th 330150325 Llc $425,000 None Available
Haddad Omar -- Commonwealth Title
Knudtson Ronald Gene -- --
Livin Knudtson Ronald -- --
Arnold Emily Hartmann -- --
Revocabl Knudtson Ronald -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Noltensmeier Richard A $450,000
Previous Owner Haddad Omar $436,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2013 07/12/13 Sold $600,000 -6.3% $127 / Sq Ft
05/14/2013 05/14/13 Pending -- -- --
02/20/2013 02/20/13 For Sale $640,000 -- $136 / 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 $10,179 $735,504 $245,166 $490,338
2024 $10,179 $721,083 $240,359 $480,724
2023 $10,001 $706,946 $235,647 $471,299
2022 $9,408 $693,085 $231,027 $462,058
2021 $9,192 $679,497 $226,498 $452,999
2019 $9,060 $659,345 $219,781 $439,564
2018 $8,774 $646,418 $215,472 $430,946
2016 $8,062 $621,319 $207,106 $414,213
2015 $7,752 $611,988 $203,996 $407,992
2014 $7,724 $600,000 $200,000 $400,000
Source: Public Records

Agents Affiliated with this Home

  • Doug Rodermund

    Seller's Agent in 2013

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    34 Total Sales

    Doug Rodermund
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13027346

California Regional Multiple Listing Service (CRMLS)

APN: 7269-033-008

California Los Angeles County Long Beach 90813 Central

520 E 17th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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