E
Seller's Agent in 2014
Eric Greene
Keller Williams Coastal Prop.
5250 E Los Altos Plaza Long Beach, CA 90815
Park Estates NeighborhoodEstimated Value: $1,561,000 - $3,040,000
4
Beds
4
Baths
3,466
Sq Ft
$662/Sq Ft
Est. Value
Highlights
- Ceramic Countertops
- Laundry Room
- Central Heating and Cooling System
- Minnie Gant Elementary School Rated A
- Tile Flooring
- 1-minute walk to Los Altos Plaza Park
About This Home
As of February 2014Super rare opportunity to own 4-units that produce GREAT INCOME in prestigious Park Estates! Rumored to be built and owned by the Buffum family (Buffum Dept Stores), the owners unit is approximately 1500 sq. ft, 1 bedroom with den, 2 bathrooms, wet bar, fireplace, central AC/heat, enclosed patio and attached 2 car garage. The other 3 units are large 1 bedroom 1 bath units with central heating and 1 car garages. All units are nicely maintained/updated. The building has 5 total garages, newer tile roof, copper plumbing and newer garage doors. The building sets across the street fom Los Altos Plaza Park and is steps to Recreation Golf Course and great places to eat/shop. Income property in Park Estates rarely become available, so do not let this opportunity pass.
Last Agent to Sell the Property
Eric Greene
Keller Williams Coastal Prop. License #01358668 Listed on: 01/03/2014
Last Buyer's Agent
Elaine Hutchison
John Read Realty License #00278514
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Lot Details
- 9,996 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 5 Car Garage
- Parking Available
- Rear-Facing Garage
- Garage Door Opener
Home Design
- Slab Foundation
- Copper Plumbing
- Stucco
Interior Spaces
- 3,466 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Living Room with Fireplace
- Laundry Room
Kitchen
- Self-Cleaning Oven
- Dishwasher
- Ceramic Countertops
- Disposal
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Additional Features
- Exterior Lighting
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, trash collection
- Assessor Parcel Number 7240011003
Community Details
Overview
- Property has a Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $400
- Insurance Expense $1,500
- Water Sewer Expense $1,200
- New Taxes Expense $14,270
- Gross Income $6,245
- Net Operating Income $55,940
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 8, 2015
Sold by
Elkhoury George F and Elkhoury Rebecca L
Bought by
Rebgeo Enterprises Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,340,000
Outstanding Balance
$1,030,054
Interest Rate
3.7%
Mortgage Type
Seller Take Back
Estimated Equity
$1,264,179
Purchase Details
Listed on
Jan 3, 2014
Closed on
Jan 30, 2014
Sold by
Fagain Raymond F and Yee Ritta E
Bought by
El Khoury George F and El Khoury Rebecca L
Seller's Agent
Eric Greene
Keller Williams Coastal Prop.
Buyer's Agent
Elaine Hutchison
John Read Realty
List Price
$1,295,000
Sold Price
$1,325,000
Premium/Discount to List
$30,000
2.32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.72%
Purchase Details
Closed on
Jan 24, 2012
Sold by
Fagain Raymond F and Yee Ritta E
Bought by
Fagain Raymond F and Yee Ritta
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
3.86%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 31, 2009
Sold by
Fagain Raymond F and Yee Ritta E
Bought by
Fagain Raymond F and Yee Ritta
Purchase Details
Closed on
Jun 8, 2004
Sold by
Tavernakis James John and Tavernakis Glenda Darlene
Bought by
Fagain Raymond F and Yee Ritta E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$692,300
Interest Rate
4.33%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Jul 25, 2001
Sold by
Lindsay Earl C and Lindsay Lois E
Bought by
Tavernakis James John and Tavernakis Glenda Darlene
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,500
Interest Rate
7.05%
Purchase Details
Closed on
Sep 12, 1994
Sold by
California Federal Bank Fsb
Bought by
Lindsay Earl C and Lindsay Lois E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
8.78%
Purchase Details
Closed on
Jun 24, 1994
Sold by
Cal Fed Service Corp
Bought by
California Federal Bank Fsb
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rebgeo Enterprises Llc | $1,340,000 | First American Title Ins Co | |
| El Khoury George F | $1,325,000 | Fidelity National Title Co | |
| Fagain Raymond F | -- | Advantage Title 365 | |
| Fagain Raymond F | -- | Advantage Title 365 | |
| Fagain Raymond F | -- | None Available | |
| Fagain Raymond F | $989,000 | North American Title Co | |
| Tavernakis James John | $590,000 | North American Title Co | |
| Lindsay Earl C | $350,000 | Chicago Title Company | |
| California Federal Bank Fsb | $443,224 | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rebgeo Enterprises Llc | $1,340,000 | |
| Previous Owner | Fagain Raymond F | $735,000 | |
| Previous Owner | Fagain Raymond F | $692,300 | |
| Previous Owner | Tavernakis James John | $442,500 | |
| Previous Owner | Lindsay Earl C | $280,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/18/2014 02/18/14 | Sold | $1,325,000 | +2.3% | $382 / Sq Ft |
| 01/21/2014 01/21/14 | Pending | -- | -- | -- |
| 01/03/2014 01/03/14 | For Sale | $1,295,000 | -- | $374 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $20,826 | $1,610,471 | $1,201,846 | $408,625 |
| 2024 | $20,826 | $1,578,894 | $1,178,281 | $400,613 |
| 2023 | $20,241 | $1,547,936 | $1,155,178 | $392,758 |
| 2022 | $18,996 | $1,517,585 | $1,132,528 | $385,057 |
| 2021 | $18,624 | $1,487,829 | $1,110,322 | $377,507 |
| 2019 | $18,358 | $1,443,702 | $1,077,391 | $366,311 |
| 2018 | $17,818 | $1,415,395 | $1,056,266 | $359,129 |
| 2016 | $16,391 | $1,360,435 | $1,015,250 | $345,185 |
| 2015 | $15,857 | $1,351,473 | $968,981 | $382,492 |
| 2014 | -- | $1,124,577 | $614,027 | $510,550 |
Source: Public Records
Agents Affiliated with this Home
-
-
E
Buyer's Agent in 2014
Elaine Hutchison
John Read Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW14003027
APN: 7240-011-003
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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