NOT LISTED FOR SALE

532 E 7th St Long Beach, CA 90813

East Village Neighborhood

Estimated Value: $1,058,351 - $1,273,000

6 Beds
3 Baths
3,148 Sq Ft
$357/Sq Ft Est. Value

Sale Details

Date Sold: July 7, 2014

Last sale price $562,000 $179 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $6,817 / mo

93 Days on Market

Highlights

  • 0.06 Acre Lot
  • Long Beach Polytechnic High School Rated A
  • Water-Smart Landscaping

About This Home

As of July 2014

Two story four unit that is located near Downtown Long Beach. The building is located near restaurants, shops, public transportation, etc. Great building, low maintenance with stable tenants. Upside in rents due to long term tenants. Write offers subject to inspection. Building currently operating as 2 bed 1 bath, tax rolls show 1 bedrooms, buyer to verify. Income is actual and expenses are estimated at 25%. Call with any questions.

Last Agent to Sell the Property

Thomas McLaughlin

Buckingham Investments, Inc. License #01889536 Listed on: 03/28/2014

Last Buyer's Agent

Gurpal Sood

SoodReal Estate Services, Inc. License #01394199

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 2,518 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 3,148 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Eco-Friendly Details

  • Water-Smart Landscaping

Listing and Financial Details

  • Legal Lot and Block 3 / 45
  • Tax Tract Number 5762
  • Assessor Parcel Number 7274018002

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,975

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

2,518 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Zoning: LBPD30
  • Property Type: Residential Income
  • Parcel Number: 7274018002
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 178.53

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Green Features

  • Green Water Conservation: Water-Smart Landscaping

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2518.00
  • Lot Size Acres: 0.0580

Multi Family

  • Gross Income: 3975.00
  • Gross Multiplier: 12.05
  • Gross Scheduled Income: 47700.00
  • Lot Size Area: 2518.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Block: 45
  • Tax Lot: 3
  • Tax Tract Number: 5762
  • Tax Year: 2012

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

Closed on
Feb 3, 2023
Sold by
Bought by
Current Estimated Value
$1,123,338

Purchase Details

Listed on
Mar 28, 2014
Closed on
May 9, 2014
Sold by
Bought by
Seller's Agent
Thomas McLaughlin
Buckingham Investments, Inc.
Buyer's Agent
Gurpal Sood
SoodReal Estate Services, Inc.
List Price
$575,000
Sold Price
$562,000
Premium/Discount to List
-$13,000
-2.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%
Original Mortgage
$542,330
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 7, 2013
Closed on
Nov 18, 2013
Sold by
Bought by
Seller's Agent
Christopher Stone
Buckingham Investments Inc.
Buyer's Agent
Thomas McLaughlin
List Price
$452,000
Sold Price
$440,000
Premium/Discount to List
-$12,000
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.78%
Original Mortgage
$352,000
Interest Rate
4.18%
Mortgage Type
Stand Alone First

Purchase Details

Listed on
Mar 7, 2013
Closed on
Nov 14, 2013
Sold by
Bought by
Seller's Agent
Christopher Stone
Buckingham Investments Inc.
Buyer's Agent
Thomas McLaughlin
List Price
$452,000
Sold Price
$440,000
Premium/Discount to List
-$12,000
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
4.18%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Oct 29, 2013
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
$352,000
Interest Rate
4.18%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 8, 2006
Sold by
Bought by

Purchase Details

Closed on
Jul 22, 2005
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
$558,750
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 23, 2004
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
$383,670
Interest Rate
5.35%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 17, 2002
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
$345,125
Interest Rate
6.52%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 14, 2002
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
$187,000
Interest Rate
7.04%

Purchase Details

Closed on
Jan 14, 2002
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
$187,000
Interest Rate
7.04%

Purchase Details

Closed on
Sep 24, 2001
Sold by
Bought by

Purchase Details

Closed on
Mar 27, 2001
Sold by
Bought by

Purchase Details

Closed on
Sep 27, 1999
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
$277,711
Interest Rate
7.82%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 10, 1999
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
$155,000
Interest Rate
6.76%

Purchase Details

Closed on
Dec 9, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 20, 1997
Sold by
Bought by

Purchase Details

Closed on
Jul 18, 1997
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
$268,512
Interest Rate
7.26%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 29, 1996
Sold by
Bought by

Purchase Details

Closed on
Jan 17, 1996
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
-- --
$562,000 Progressive
$440,000 Progressive
-- Progressive
-- Progressive
-- None Available
$745,000 Ticor Title Co Glendale
-- United Title Company-La
$350,000 Fidelity National Title Co
-- --
$185,000 --
-- First American Title Ins Co
$308,650 First American Title Ins Co
$280,000 American Title Co
-- --
$151,000 --
$84,000 --
-- Benefit Title Company
$280,000 Benefit Title Company
-- --
$87,500 Chicago 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
Previous Owner $542,330
Previous Owner $352,000
Previous Owner $558,750
Previous Owner $383,670
Previous Owner $345,125
Previous Owner $187,000
Previous Owner $277,711
Previous Owner $155,000
Previous Owner $268,512
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 Prior Sale
07/07/2014 07/07/14 Sold $562,000 -2.3% $179 / Sq Ft
04/30/2014 04/30/14 Pending -- -- --
01/27/2014 01/27/14 For Sale $575,000 +30.7% $183 / Sq Ft
01/08/2014 01/08/14 Sold $440,000 -2.7% $140 / Sq Ft View Prior Sale
03/21/2013 03/21/13 Pending -- -- --
03/07/2013 03/07/13 For Sale $452,000 -- $144 / 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 $9,420 $675,430 $468,716 $206,714
2024 $9,006 $662,187 $459,526 $202,661
2023 $8,850 $649,204 $450,516 $198,688
2022 $8,315 $636,476 $441,683 $194,793
2021 $8,134 $623,997 $433,023 $190,974
2020 $8,112 $617,599 $428,583 $189,016
2019 $8,017 $605,490 $420,180 $185,310
2018 $7,802 $593,619 $411,942 $181,677
2017 $7,719 $581,980 $403,865 $178,115
2016 $7,171 $570,570 $395,947 $174,623
2015 $6,889 $562,000 $390,000 $172,000
2014 $5,592 $440,000 $310,000 $130,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2014

    Thomas McLaughlin

    Buckingham Investments, Inc.

  • C

    Seller's Agent in 2014

    Christopher Stone

    Buckingham Investments Inc.

  • G

    Buyer's Agent in 2014

    Gurpal Sood

    SoodReal Estate Services, Inc.

    (562) 924-3600

    4 Total Sales

    Gurpal Sood
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN14018108

California Regional Multiple Listing Service (CRMLS)

APN: 7274-018-002

California Los Angeles County Long Beach 90802 East Village

532 E 7th St, Long Beach, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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