NOT LISTED FOR SALE

Estimated Value: $1,045,072 - $1,351,000

6 Beds
5 Baths
3,250 Sq Ft
$364/Sq Ft Est. Value

Last Sold October 31, 2017

Last sale price $745,000 $229 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $7,212/month

61 Days on Market

Highlights

  • Gated Parking
  • No HOA
  • French Mullion Window
  • Custom Home
  • Balcony
  • Walk-In Closet

About This Home

As of October 2017

Pride Of Ownership Rare Duplex In North Long Beach Built In 1991. This Is The First Time This Building Is Being Offered For Sale. Front unit features 2,150sqft, X-Large 4Bed/3Bath on two levels, downstairs 2Bed/1Bath, Kitchen & Living room and upstairs 2Bed/2Bath, a Large Family room and Office aria. Back unit has 1,100sqft, its Own Private Entry located above the garages and consists of Large 2Bed/2Bath, Kitchen and Large Living room. Property has 3 Separated Meters For Electricity & Gas, One Water meter, owner pays water, trash is paid by tenants. Well Maintained Units, each has Its Own Spacious Private Balcony, Stove, Dishwasher & Two Car Garages. There Is Additional Parking space For 4Cars Onsite with a Covered Porch above and a shared Laundry room, front Gates. Both Units have recently remodeled Full bathrooms & walking closets on each master bedrooms. Leases Are Month To Month, with the ability to raise the rents. This Building Is In a Strong Rental Market, Long term tenants in place with lower rents than market for this part of town. Due To Its Townhome Style Building units rent right away. Conveniently Located close to Schools, Bixby Knolls Shopping & Public Transportation. Live in one and rent the other or purchase as income property!

Last Agent to Sell the Property

Lucica McCabe

C-21 Realty Team License #01329057 Listed on: 07/17/2017

Co-Listed By

Mario Toro

C-21 Realty Team License #01142501

Last Buyer's Agent

Chay Huang

CHLV GROUP, INC. License #01121265

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,876

Year Built

  • Built in 1991

Lot Details

  • 5,039 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Fence is in good condition
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Driveway
  • Gated Parking
  • Parking Lot

Home Design

  • Duplex
  • Custom Home
  • Slab Foundation
  • Shingle Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 3,250 Sq Ft Home
  • 2-Story Property
  • French Mullion Window
  • Family Room
  • Living Room
  • Carbon Monoxide Detectors
  • Laundry Room

Kitchen

  • Gas Range
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 5 Bathrooms

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Additional Features

  • Balcony
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 11
  • Tax Tract Number 5470
  • Assessor Parcel Number 7127019011

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $556
  • Gardener Expense $360
  • Insurance Expense $1,288
  • Water Sewer Expense $1,129
  • New Taxes Expense $3,876
  • Operating Expense $7,209
  • Net Operating Income $37,191

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,876

Year Built

Built in 1991

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 4.96
  • Other Phone Description: Direct
  • Other Phone Number: 951-239-8075
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s)
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1129.00
  • Zoning: LBR3S
  • Architectural Style: Custom Built
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 7127019011
  • Year Built: 1991
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Copper Plumbing Full
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 229.23
  • Room Type: Family Room, Living Room, Master Bathroom, Master Bedroom, Walk-In Closet
  • Window Features: French/Mullioned

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Good Condition, Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Gated, Parking Space
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Water Heater, Water Line to Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5039.00
  • Lot Size Acres: 0.1157
  • Latitude Manual: 33.85495600

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 1150 Square Feet
  • Average3 Bed Area: 2100 Square Feet
  • Electric Expense: 556.00
  • Gross Scheduled Income: 44400.00
  • Insurance Expense: 1288.00
  • Lot Size Area: 5039.0000 Square Feet
  • Net Operating Income: 37191.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 7209.00
  • Rent Control: No
  • Total Actual Rent: 3600.00
  • Total Expenses: 7209.00

Tax Info

  • New Taxes Expense: 3876.00
  • Tax Census Tract: 5706.01
  • Tax Lot: 11
  • Tax Tract Number: 5470
  • Tax Annual Amount: 3876.00
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2017
Closed on
Dec 27, 2017
Sold by
Taing Kim
Bought by
Mississippi Llc
Seller's Agent
Lucica McCabe
C-21 Realty Team
Buyer's Agent
Chay Huang
CHLV GROUP, INC.
List Price
$769,000
Sold Price
$745,000
Premium/Discount to List
-$24,000
-3.12%
Current Estimated Value
$1,183,268

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$438,268
Avg. Annual Appreciation
6.07%

Purchase Details

Listed on
Jul 17, 2017
Closed on
Sep 22, 2017
Sold by
Campean Cornel
Bought by
Taing Kim and Huang Richie S
Seller's Agent
Lucica McCabe
C-21 Realty Team
Buyer's Agent
Chay Huang
CHLV GROUP, INC.
List Price
$769,000
Sold Price
$745,000
Premium/Discount to List
-$24,000
-3.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 8, 2006
Sold by
Campean Cornel
Bought by
Campean Cornel and Campean Valeria
Source: Public Records

Range of Values:

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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
Mississippi Llc -- None Available
Taing Kim $745,000 Lawyers Title Co
Campean Cornel -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taing Kim $543,000
Previous Owner Campean Cornel $100,000
Previous Owner Campean Cornel $208,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2017 10/31/17 Sold $745,000 -0.6% $229 / Sq Ft
09/16/2017 09/16/17 Pending -- -- --
09/13/2017 09/13/17 Price Changed $749,500 -2.5% $231 / Sq Ft
07/17/2017 07/17/17 For Sale $769,000 -- $237 / 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 $10,901 $847,679 $341,347 $506,332
2024 $10,901 $831,058 $334,654 $496,404
2023 $10,721 $814,764 $328,093 $486,671
2022 $10,067 $798,789 $321,660 $477,129
2021 $9,861 $783,127 $315,353 $467,774
2019 $9,720 $759,900 $306,000 $453,900
2018 $9,426 $745,000 $300,000 $445,000
2016 $3,876 $302,691 $62,613 $240,078
2015 $3,727 $298,145 $61,673 $236,472
2014 $3,709 $292,305 $60,465 $231,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS17156135

California Regional Multiple Listing Service (CRMLS)

APN: 7127-019-011