NOT LISTED FOR SALE

Estimated Value: $742,256 - $849,000

3 Beds
2 Baths
1,648 Sq Ft
$475/Sq Ft Est. Value

Last Sold August 18, 2016

Last sale price $425,000 $258 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $4,636/month

14 Days on Market

About This Home

As of August 2016

Great opportunity to own this 2 on a lot property. Front house 2 Bedroom 1 bath, back house 1 bedroom 1 bath. Good Wrigley area of Long Beach, close to public transportation and shopping. Income are actual, expenses are estimated.

Last Agent to Sell the Property

Maria Arguello

Elevate Real Estate Agency License #01068490 Listed on: 07/08/2016

Last Buyer's Agent

Jun Hoang

Realty Connection Group License #01983735

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 5,400 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot
  • Paved or Partially Paved Lot

Parking

  • 4 Car Garage

Home Design

  • 1,648 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 2
  • Assessor Parcel Number 7209002004

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $800
  • Trash Expense $100
  • New Taxes Expense $5,625
  • Gross Income $2,500
  • Net Operating Income $23,475

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Wrigley Area (WR)
  • Property Type: Residential Income
  • Parcel Number: 7209002004
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 257.89

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Rectangular Lot, Paved
  • Lot Size Sq Ft: 5400.00
  • Price Per Lot Square Foot: 78.70

Multi Family

  • Gross Income: 2500.00
  • Gross Scheduled Income: 30000.00
  • Insurance Expense: 800.00
  • Net Operating Income: 23475.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 6525.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5625.00
  • Tax Lot: 1
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2016
Closed on
Jul 14, 2016
Sold by
Herold Rosalpina and Herold Family Trust
Bought by
Sek Kosal and Than Kareenah M
Seller's Agent
Maria Arguello
Elevate Real Estate Agency
Buyer's Agent
Jun Hoang
Realty Connection Group
List Price
$450,000
Sold Price
$425,000
Premium/Discount to List
-$25,000
-5.56%
Current Estimated Value
$782,814

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$357,814
Avg. Annual Appreciation
6.74%
Original Mortgage
$417,302
Outstanding Balance
$334,946
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$447,868

Purchase Details

Closed on
May 2, 2016
Sold by
Herold Rosalpina and Herold Family Trust
Bought by
Herold Rosalpina and Herold Family Trust

Purchase Details

Closed on
Feb 14, 1996
Sold by
Herold Herbert M and Herold Rosalpina
Bought by
Herold Herbert M and Herold Rosalpina
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
Sek Kosal $425,000 First American Title Company
Herold Rosalpina -- None Available
Herold Rosalpina -- None Available
Herold Herbert M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sek Kosal $417,302
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2016 08/18/16 Sold $425,000 -5.6% $258 / Sq Ft
07/08/2016 07/08/16 Pending -- -- --
06/24/2016 06/24/16 For Sale $450,000 -- $273 / 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 $6,415 $493,242 $232,114 $261,128
2024 $6,415 $483,571 $227,563 $256,008
2023 $6,306 $474,090 $223,101 $250,989
2022 $5,925 $464,795 $218,727 $246,068
2021 $5,802 $455,683 $214,439 $241,244
2020 $5,786 $451,012 $212,241 $238,771
2019 $5,718 $442,170 $208,080 $234,090
2018 $5,491 $433,500 $204,000 $229,500
2016 $1,963 $142,962 $75,688 $67,274
2015 $1,891 $140,816 $74,552 $66,264
2014 $1,890 $138,058 $73,092 $64,966
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16136874

California Regional Multiple Listing Service (CRMLS)

APN: 7209-002-004