NOT LISTED FOR SALE

Estimated Value: $869,632 - $1,079,000

4 Beds
3 Baths
2,519 Sq Ft
$387/Sq Ft Est. Value

Last Sold September 06, 2013

Last sale price $440,000 $175 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $5,764/month

15 Days on Market

About This Home

As of September 2013

2 awesome detached units.2 story home at 5460 Pine Ave is a 3 bed 2 bath 1503 square foot home in excellent condition,
home at 200 E. 55Th St. is a 2bed 1 bath home of 1016 sq. ft. on a 6284 sq. ft lot,2 story home has very nice remodeled kitchen,tile counters and remodeled full bath with Jacuzzi tub and new tile with pedestal sink,formal dining room,professionally enclosed patio,upstairs has 2 large bedrooms with lots of storage,large full bath,large living room and private alcove entryway that is secure,parking for 3 cars on the concrete off the street, plus 2 1 car garages,2 bed 1 bath unit has large very nice kitchen with lots of counters and lots of cabinet space,big living room with coffered ceilings,large bedrooms and large full bath,new carpet in living room and hallway,2 bedroom home has rubber decorative mulch for no maintenance on the landscaping,2 story home also has no grass for very low maintenance,these homes have lots of square feet and lots of upgrades and will not be on the market for to long,both units owner occupied and the pride of ownership shows throughout

Last Agent to Sell the Property

Karl Luecke

RE/MAX College Park Realty License #01126558 Listed on: 07/16/2013

Last Buyer's Agent

TOD NGUYEN

IRN REALTY License #01865469

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,162

Year Built

  • Built in 1928

Lot Details

  • 6,284 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage

Home Design

  • 2,519 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tax Lot 930
  • Tax Tract Number 5134
  • Assessor Parcel Number 7126031001

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $1,000
  • Trash Expense $500
  • Water Sewer Expense $500
  • New Taxes Expense $800
  • Gross Income $3,000
  • Net Operating Income $31,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,162

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 500.00
  • Property Type: Residential Income
  • Parcel Number: 7126031001
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 174.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights, Suburban, Urban

Lot Info

  • Lot Size Sq Ft: 6284.00
  • Lot Size Acres: 0.1440

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 3000.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6284.0000 Square Feet
  • Net Operating Income: 31000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 800.00
  • Tax Lot: 930
  • Tax Tract Number: 5134
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2015
Sold by
Quach Darren Lac Sai and Quach Lac Sai
Bought by
Quach Darren Lac Sai
Current Estimated Value
$973,658

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Outstanding Balance
$205,103
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$690,500

Purchase Details

Listed on
Jul 16, 2013
Closed on
Jul 29, 2013
Sold by
Thomas Barbara and Thomas Althea M
Bought by
Quach Lac Sai
Seller's Agent
Karl Luecke
RE/MAX College Park Realty
Buyer's Agent
TOD NGUYEN
IRN REALTY
List Price
$449,900
Sold Price
$440,000
Premium/Discount to List
-$9,900
-2.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.12%
Original Mortgage
$264,000
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 26, 1996
Sold by
Cross Lawrence L and Cross Donna L
Bought by
Thomas Barbara and Thomas Althea M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,005
Interest Rate
7.87%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Quach Darren Lac Sai -- Ortc
Quach Lac Sai $440,000 Old Republic Title Company
Thomas Barbara $187,500 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quach Darren Lac Sai $265,000
Closed Quach Lac Sai $264,000
Previous Owner Thomas Barbara $200,000
Previous Owner Thomas Barbara $162,000
Previous Owner Thomas Barbara $182,005
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2013 09/06/13 Sold $440,000 -2.2% $175 / Sq Ft
07/31/2013 07/31/13 Pending -- -- --
07/16/2013 07/16/13 For Sale $449,900 -- $179 / 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 $7,162 $539,366 $294,200 $245,166
2024 $7,162 $528,791 $288,432 $240,359
2023 $7,043 $518,424 $282,777 $235,647
2022 $6,623 $508,260 $277,233 $231,027
2021 $6,484 $498,296 $271,798 $226,498
2020 $6,467 $493,188 $269,012 $224,176
2019 $6,393 $483,519 $263,738 $219,781
2018 $6,119 $474,039 $258,567 $215,472
2016 $5,619 $455,634 $248,528 $207,106
2015 $5,396 $448,791 $244,795 $203,996
2014 $5,364 $440,000 $240,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13139334

California Regional Multiple Listing Service (CRMLS)

APN: 7126-031-001