NOT LISTED FOR SALE

Estimated Value: $1,101,000 - $1,507,000

6 Beds
2 Baths
4,416 Sq Ft
$302/Sq Ft Est. Value

Last Sold April 29, 2016

Last sale price $795,000 $180 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $7,971/month

2 Days on Market

Highlights

  • Fireplace in Kitchen
  • Main Floor Bedroom
  • Rectangular Lot
  • Property is near public transit
  • Laundry Room
  • Carpet

About This Home

As of April 2016

Four spacious 3 bedroom 1-1/2 bathroom "Pride of Ownership" apartments with 4 garages on a tree lined street in North Long Beach.
Garage features "New Roof" & residential building has a 6 year old roof. Other highlights include laundry room, copper plumbing & separate electric meters. One of the 3 bedroom apartments is ideal for owner/occupant. Currently this property is 100% occupied.

Last Agent to Sell the Property

Peter Ursano

Capri Realty License #00414057 Listed on: 03/09/2016

Last Buyer's Agent

David Fertitta

David J. Fertitta, Broker License #00964295

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 7,494 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Paved or Partially Paved Lot

Parking

  • 1 Car Garage
  • Parking Available
  • Single Garage Door
  • Assigned Parking
  • Unassigned Parking

Home Design

  • Property Attached
  • Shingle Roof
  • Asphalt Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 4,416 Sq Ft Home
  • Living Room with Fireplace
  • Carpet
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Radiant Heating System
  • Underground Utilities

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 54
  • Tax Tract Number 5090
  • Assessor Parcel Number 7132014027

Community Details

Overview

  • Master Insurance
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • Electric Expense $1,235
  • Insurance Expense $1,749
  • Water Sewer Expense $2,852
  • New Taxes Expense $9,937
  • Gross Income $5,547
  • Net Operating Income $60,336

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Inclusions: ranges/stoves
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 2852.00
  • Property Type: Residential Income
  • Parcel Number: 7132014027
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Copper Plumbing Full
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Fireplace Features: Kitchen, Living Room
  • Levels: Two
  • Price Per Square Foot: 180.03
  • Room Type: Living Room, Main Floor Bedroom

Exterior Features

  • Pool Private: No
  • Roof: Asphalt, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Garage - Single Door, Unassigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Available, Sewer Available, Underground Utilities, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range
  • Electric: Electricity - On Property
  • Heating Type: Electric, Radiant
  • Laundry Features: Common Area, Community
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Electricity, Insurance
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: Rectangular Lot, Lot 6500-9999, Paved, Near Public Transit
  • Lot Size Sq Ft: 7494.00
  • Price Per Lot Square Foot: 106.08
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average3 Bed Area: 1104
  • Electric Expense: 1235.00
  • Gross Income: 5547.00
  • Gross Scheduled Income: 66564.00
  • Insurance Expense: 1749.00
  • Lot Size Area: 7494.0000 Square Feet
  • Net Operating Income: 60336.00
  • Number Of Separate Electric Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 2900.00
  • Rent Control: No
  • Total Actual Rent: 66564.00

Tax Info

  • New Taxes Expense: 9937.00
  • Tax Lot: 54
  • Tax Tract Number: 5090

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2016
Closed on
Apr 7, 2016
Sold by
Huett Jason V
Bought by
Huett Karen L
Seller's Agent
Peter Ursano
Capri Realty
Buyer's Agent
David Fertitta
David J. Fertitta, Broker
List Price
$795,000
Sold Price
$795,000
Current Estimated Value
$1,333,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$538,328
Avg. Annual Appreciation
5.44%
Original Mortgage
$375,000
Outstanding Balance
$297,598
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$1,035,730

Purchase Details

Listed on
Mar 9, 2016
Closed on
Mar 16, 2016
Sold by
Kay Brian
Bought by
Vong Wai L and Huett Karen L
Seller's Agent
Peter Ursano
Capri Realty
Buyer's Agent
David Fertitta
David J. Fertitta, Broker
List Price
$795,000
Sold Price
$795,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Outstanding Balance
$297,598
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$1,035,730

Purchase Details

Closed on
Sep 27, 1999
Sold by
Robbins Chester A
Bought by
Kay Brian and Kay Fredelinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,427
Interest Rate
5.05%
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
Huett Karen L -- Provident Title Company
Vong Wai L $795,000 Provident Title Company
Kay Brian $272,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vong Wai L $375,000
Previous Owner Kay Brian $245,427
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2016 04/29/16 Sold $795,000 0.0% $180 / Sq Ft
03/11/2016 03/11/16 Pending -- -- --
03/09/2016 03/09/16 For Sale $795,000 -- $180 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,477 $941,111 $266,351 $674,760
2024 $12,477 $922,659 $261,129 $661,530
2023 $12,268 $904,568 $256,009 $648,559
2022 $11,532 $886,833 $250,990 $635,843
2021 $11,287 $869,445 $246,069 $623,376
2019 $11,127 $843,659 $238,771 $604,888
2018 $10,738 $827,118 $234,090 $593,028
2016 $4,755 $353,140 $90,879 $262,261
2015 $4,578 $347,836 $89,514 $258,322
2014 $4,567 $341,023 $87,761 $253,262
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16049885

California Regional Multiple Listing Service (CRMLS)

APN: 7132-014-027