NOT LISTED FOR SALE

Estimated Value: $660,000 - $875,000

3 Beds
2 Baths
2,143 Sq Ft
$362/Sq Ft Est. Value

Last Sold October 13, 2014

Last sale price $405,000 $189 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $4,695/month

22 Days on Market

Highlights

  • Level Lot
  • Wall Furnace
  • 3-minute walk to Grace Park

About This Home

As of October 2014

Easy to maintain 3 unit building in a good rental area. Unit mix is 1 - 2 bedroom / 1 bath and 2 - 1 bedroom / 1 bath. Units are spacious. Two car garage plus parking pad area for 4 additional cars. Separately metered for gas and electric. Close to shopping and transportation.

Last Agent to Sell the Property

Greg Bingham

Coldwell Banker Realty License #01309137 Listed on: 05/19/2014

Coldwell Banker Realty

Co-Listed By

Bill Friedman

Coldwell Banker Realty License #00672015

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 2,727 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • 2,143 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1058
  • Tax Tract Number 5134
  • Assessor Parcel Number 7126032017

Community Details

Overview

  • 3 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,400
  • Trash Expense $720
  • Water Sewer Expense $800
  • New Taxes Expense $4,500
  • Gross Income $3,000
  • Net Operating Income $28,580

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

2,727 Sq Ft Lot

Parking

2

Listing Details

  • CapRate: 7.05
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 800.00
  • Property Type: Residential Income
  • Parcel Number: 7126032017
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 188.99

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Level
  • Lot Size Sq Ft: 2727.00
  • Lot Size Acres: 0.0630

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3000.00
  • Gross Multiplier: 11.25
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 2727.0000 Square Feet
  • Net Operating Income: 28580.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 7420.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4500.00
  • Tax Lot: 1058
  • Tax Tract Number: 5134
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2014
Closed on
Sep 5, 2014
Sold by
Mastan Peter J and Estate Of Victor Lewis Thrash
Bought by
Hernandez Anthony
Seller's Agent
Greg Bingham
Coldwell Banker Realty
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$405,000
Sold Price
$405,000
Current Estimated Value
$776,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$371,667
Avg. Annual Appreciation
5.85%
Original Mortgage
$372,600
Outstanding Balance
$286,405
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$490,262

Purchase Details

Closed on
Jul 6, 2005
Sold by
Thrash Victor L and Thrash Teonee
Bought by
Thrash Victor L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 1995
Sold by
First Federal Bank Of California
Bought by
Thrash Victor L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,269
Interest Rate
7.88%
Mortgage Type
FHA
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
Hernandez Anthony $405,000 Title 365
Thrash Victor L -- North American Title Co
Thrash Victor L $135,000 South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Anthony $372,600
Previous Owner Thrash Victor L $227,500
Previous Owner Thrash Victor L $133,269
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2014 10/13/14 Sold $405,000 0.0% $189 / Sq Ft
06/10/2014 06/10/14 Pending -- -- --
05/19/2014 05/19/14 For Sale $405,000 -- $189 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,537 $486,741 $120,181 $366,560
2024 $6,537 $477,198 $117,825 $359,373
2023 $11,676 $890,000 $200,000 $690,000
2022 $6,037 $458,669 $113,250 $345,419
2021 $5,907 $449,677 $111,030 $338,647
2019 $5,823 $437,181 $107,738 $329,443
2018 $5,645 $428,626 $105,626 $323,000
2016 $5,192 $411,176 $101,525 $309,651
2015 $4,988 $405,000 $100,000 $305,000
2014 $2,529 $182,937 $60,976 $121,961
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14103812

California Regional Multiple Listing Service (CRMLS)

APN: 7126-032-017

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