NOT LISTED FOR SALE

Estimated Value: $947,000 - $1,090,000

2 Beds
2 Baths
3,328 Sq Ft
$301/Sq Ft Est. Value

Sale Details

Date Sold: October 26, 2016

Last sale price $545,000 $164 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $6,130 / mo

35 Days on Market

Highlights

  • No HOA
  • Wall Furnace
  • 4-minute walk to Drake Park
  • 4 Car Garage

About This Home

As of October 2016

INVESTORS!!!Come take a look at this well maintened four plex with tons of curb appeal. 4 Large units each with their own formal dining room, laundry hook up, and own private garage located at the back of the building. Located 5 blocks North of Long Beaches massive Downtown redevelopment, the historic neighborhood of Willmore City, and Drake Park. This property has great potential with the new multi million dollar Courthouse, new shopping centers. Long Beach is investing in the Downtown area, now it's your turn to catch on. Seller added new balcony. Potential for two bedrooms with the approval of the city. SOLD AS-IS/NO REPAIRS/FULL PRICE CASH OFFERS ONLY!

Last Agent to Sell the Property

Chloe Cruz

Beach Cities Management, Inc. License #01963271 Listed on: 08/26/2016

Last Buyer's Agent

Janet Stearns

Compass License #01851243

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 4,211 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 3,328 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 2
  • Tax Tract Number 5758
  • Assessor Parcel Number 7272009007

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Maintenance Expense $3,000
  • Trash Expense $720
  • Water Sewer Expense $1,200
  • New Taxes Expense $5,000
  • Gross Income $3,725
  • Net Operating Income $32,780

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

4,211 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Subdivision Name Other: Willmore District (WM)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBPD10
  • Property Type: Residential Income
  • Parcel Number: 7272009007
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 163.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 4211.00
  • Price Per Lot Square Foot: 156.73

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 3725.00
  • Gross Scheduled Income: 44700.00
  • Insurance Expense: 2000.00
  • Maintenance Expense: 3000.00
  • Net Operating Income: 32780.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 11920.00
  • Rent Control: No
  • Total Actual Rent: 3725.00

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Lot: 2
  • Tax Tract Number: 5758

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2016
Closed on
Oct 5, 2016
Sold by
Bought by
Seller's Agent
Chloe Cruz
Beach Cities Management, Inc.
Buyer's Agent
Janet Stearns
Compass
List Price
$689,000
Sold Price
$545,000
Premium/Discount to List
-$144,000
-20.9%
Current Estimated Value
$1,002,788

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$457,788
Avg. Annual Appreciation
6.48%

Purchase Details

Closed on
Jun 6, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,125
Interest Rate
6.55%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 12, 2004
Sold by
Bought by

Purchase Details

Closed on
Jan 31, 2001
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$545,000 Chicago Title Company
$689,500 Transunion Title Company
-- --
$275,000 North American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $470,000
Closed $517,125
Closed $206,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/26/2016 10/26/16 Sold $545,000 -9.2% $164 / Sq Ft
09/20/2016 09/20/16 Price Changed $600,000 -9.1% $180 / Sq Ft
09/12/2016 09/12/16 Price Changed $660,000 -4.2% $198 / Sq Ft
08/26/2016 08/26/16 For Sale $689,000 -- $207 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,944 $632,514 $441,019 $191,495
2024 $8,558 $620,113 $432,372 $187,741
2023 $8,410 $607,955 $423,895 $184,060
2022 $7,908 $596,035 $415,584 $180,451
2021 $7,733 $584,349 $407,436 $176,913
2019 $7,623 $567,378 $395,352 $172,026
2018 $7,376 $556,260 $387,600 $168,660
2016 $7,480 $595,000 $368,400 $226,600
2015 $6,950 $565,000 $349,800 $215,200
2014 $6,074 $480,000 $297,200 $182,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16188715

California Regional Multiple Listing Service (CRMLS)

APN: 7272-009-007

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