NOT LISTED FOR SALE

Estimated Value: $1,052,000 - $1,332,000

6 Beds
5 Baths
3,250 Sq Ft
$362/Sq Ft Est. Value

Last Sold April 13, 2018

Last sale price $759,500 $234 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $7,136/month

21 Days on Market

Highlights

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

About This Home

As of April 2018

Pride Of Ownership Rare Duplex In North Long Beach Built In 1991, First Time on Market for Sale since property was built. Front unit features X-Large 2,150sqft, 4Bed/3Bath on two levels with Downstairs consisting of 2Bed/1Bath, New Kitchen cabinets with Granite counters, Living room and Upstairs consisting of 2Bed/2Bath, Large Family Room and Office aria. Back unit has 1,100sqft, its Own Private Entry located above the garages, 2Bed/2Bath, Kitchen and a Large Living room. Well Maintained property with each unit having Its Own Spacious Private Balcony, a master bedroom with walking closet, Stove, Dishwasher & 2Car Garages. There Is Additional Parking spaces For approximately 4Cars Onsite with a Covered Porch above and a shared Laundry room. Front Unit has recently remodeled Full bathrooms. Property has 3 Separate Meters For Electricity & Gas and One Water meter. Owner pays water, trash is paid by tenants. 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: 02/15/2018

Last Buyer's Agent

Chay Huang

CHLV GROUP, INC. License #01121265

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,509

Year Built

  • Built in 1991 | Remodeled

Lot Details

  • 4,897 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Fence is in good condition
  • Front Yard Sprinklers

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
  • Laundry Room

Kitchen

  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 5 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater

Additional Features

  • Balcony
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 10 / C
  • Tax Tract Number 5470
  • Assessor Parcel Number 7127019010

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $572
  • Gardener Expense $360
  • Insurance Expense $1,288
  • Water Sewer Expense $1,277
  • New Taxes Expense $4,509
  • Operating Expense $8,006
  • Gross Income $900
  • Net Operating Income $37,294

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,509

Year Built

Built in 1991 | Remodeled

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 4.85
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Water Sewer Expenses: 1277.00
  • Zoning: LBR3S
  • Architectural Style: Custom Built
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 7127019010
  • 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: One
  • Price Per Square Foot: 233.69
  • Room Type: Family Room, Kitchen, 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
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, 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, Sprinklers In Front
  • Lot Size Sq Ft: 4897.00
  • Lot Size Acres: 0.1124

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 1100 Square Feet
  • Average3 Bed Area: 2150 Square Feet
  • Electric Expense: 572.00
  • Garage Income: 900.00
  • Gross Income: 900.00
  • Gross Scheduled Income: 45300.00
  • Insurance Expense: 1288.00
  • Lot Size Area: 4897.0000 Square Feet
  • Net Operating Income: 37294.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 8006.00
  • Other Income Description: One car garage rented
  • Rent Control: No
  • Total Expenses: 8006.00

Tax Info

  • New Taxes Expense: 4509.00
  • Tax Block: C
  • Tax Census Tract: 5706.01
  • Tax Lot: 10
  • Tax Tract Number: 5470
  • Tax Annual Amount: 4509.00
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2018
Closed on
Mar 15, 2018
Sold by
Campean Cornel
Bought by
Wu Nancy Wong and Nancy Wong Wu Living Trust
Seller's Agent
Lucica McCabe
C-21 Realty Team
Buyer's Agent
Chay Huang
CHLV GROUP, INC.
List Price
$769,000
Sold Price
$759,500
Premium/Discount to List
-$9,500
-1.24%
Current Estimated Value
$1,176,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$416,854
Avg. Annual Appreciation
5.99%
Original Mortgage
$569,000
Outstanding Balance
$490,266
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$680,480

Purchase Details

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

Range of Values:

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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
Wu Nancy Wong $759,500 Lawyers Title Company
Campean Cornel -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wu Nancy Wong $569,000
Previous Owner Campean Cornel $150,000
Previous Owner Campean Cornel $100,000
Previous Owner Campean Cornel $208,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2018 04/13/18 Sold $759,500 -1.2% $234 / Sq Ft
02/15/2018 02/15/18 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 $11,074 $864,176 $295,263 $568,913
2024 $11,074 $847,232 $289,474 $557,758
2023 $10,893 $830,621 $283,799 $546,822
2022 $10,228 $814,335 $278,235 $536,100
2021 $10,020 $798,369 $272,780 $525,589
2019 $9,878 $774,690 $264,690 $510,000
2018 $5,137 $392,540 $142,647 $249,893
2016 $4,706 $377,299 $137,108 $240,191
2015 $4,521 $371,633 $135,049 $236,584
2014 $4,497 $364,354 $132,404 $231,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18015783

California Regional Multiple Listing Service (CRMLS)

APN: 7127-019-010