NOT LISTED FOR SALE

Estimated Value: $850,000 - $1,065,000

5 Beds
3 Baths
2,417 Sq Ft
$401/Sq Ft Est. Value

Last Sold January 18, 2013

Last sale price $420,000 $174 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $5,628/month

112 Days on Market

Highlights

  • Multi-Level Bedroom
  • Main Floor Bedroom
  • No HOA
  • Traditional Architecture
  • Attic
  • Tile Countertops

About This Home

As of January 2013

Very nice looking property. There are three units, 2 two bedroom, 1 bath and 1 one bedroom, 1 bath. Units are all good size with large bedrooms and good size kitchens. The property is by the Library and has 3 garages in the rear, plus a laundry area and some storage for one of the units. Two of the units have their own laundry hook ups. Garages have been divided. There is a small patio area and well manicured landscaping. Property can pay for itself with 25% down and all units rented.

Last Agent to Sell the Property

Virginia Brady

Coldwell Banker Realty License #00794339 Listed on: 08/01/2012

Coldwell Banker Realty

Last Buyer's Agent

Chia Liang

Manna Realty License #01511734

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 5,123 Sq Ft Lot
  • No Common Walls
  • East Facing Home
  • Landscaped
  • Rectangular Lot
  • Level Lot

Parking

  • 3 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Raised Foundation
  • Frame Construction
  • Composition Roof
  • Wood Siding
  • Plaster
  • Stucco

Interior Spaces

  • 2,417 Sq Ft Home
  • Blinds
  • Window Screens
  • Living Room
  • Tile Countertops
  • Attic

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Multi-Level Bedroom
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Home Security

  • Window Bars
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Overhead Utilities
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 3,4
  • Tax Tract Number 8281
  • Assessor Parcel Number 7128005003

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $2,800
  • Net Operating Income $25,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Security: Smoke Detector(s), Window Bars
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7128005003
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: Two
  • Price Per Square Foot: 173.77
  • Room Type: Attic, Living Room, Main Floor Bedroom, Multi-Level Bedroom
  • Window Features: Blinds, Screens

Exterior Features

  • Direction Faces: East
  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Plaster, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Off Street, Private, Garage Faces Rear, Garage - Single Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Individual Room, Washer Hookup
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Level, Landscaped, Rectangular Lot, Utilities - Overhead
  • Lot Size Sq Ft: 5123.00
  • Lot Size Acres: 0.1180

Multi Family

  • Average1 Bed Area: 700
  • Average2 Bed Area: 850
  • Average3 Bed Area: 850
  • Gross Income: 2800.00
  • Gross Scheduled Income: 33600.00
  • Lot Size Area: 5123.0000 Square Feet
  • Net Operating Income: 25200.00
  • 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: 3
  • Number With Carpet: 3
  • Operating Expense: 8400.00
  • Rent Control: No
  • Total Actual Rent: 1750.00

Tax Info

  • Tax Lot: 3,4
  • Tax Tract Number: 8281

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 8, 2018
Sold by
Ngin Terry K and Thong Angela S
Bought by
Ngin Terry K and Thong Angela S
Current Estimated Value
$970,041

Purchase Details

Listed on
Aug 1, 2012
Closed on
Nov 30, 2012
Sold by
Rasnick Chris H
Bought by
Ngin Terry K and Thong Angela S
Seller's Agent
Virginia Brady
Coldwell Banker Realty
Buyer's Agent
Chia Liang
Manna Realty
List Price
$499,900
Sold Price
$420,000
Premium/Discount to List
-$79,900
-15.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.62%
Original Mortgage
$315,000
Interest Rate
3.31%
Mortgage Type
New Conventional
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
Ngin Terry K -- None Available
Ngin Terry K $420,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ngin Terry K $315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2013 01/18/13 Sold $420,000 -16.0% $174 / Sq Ft
11/21/2012 11/21/12 Pending -- -- --
08/01/2012 08/01/12 For Sale $499,900 -- $207 / 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 $6,955 $517,189 $197,024 $320,165
2024 $6,955 $507,049 $193,161 $313,888
2023 $6,836 $497,108 $189,374 $307,734
2022 $6,427 $487,361 $185,661 $301,700
2021 $6,288 $477,806 $182,021 $295,785
2019 $6,199 $463,636 $176,623 $287,013
2018 $5,992 $454,546 $173,160 $281,386
2016 $5,509 $436,897 $166,437 $270,460
2015 $5,293 $430,335 $163,937 $266,398
2014 $5,267 $421,906 $160,726 $261,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW12096285

California Regional Multiple Listing Service (CRMLS)

APN: 7128-005-003