NOT LISTED FOR SALE

Estimated Value: $1,067,000 - $1,407,918

6 Beds
4 Baths
3,068 Sq Ft
$408/Sq Ft Est. Value

Last Sold March 11, 2019

Last sale price $891,000 $290 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $7,728/month

27 Days on Market

Highlights

  • No HOA
  • Landscaped
  • Front Yard
  • Laundry Room

About This Home

As of March 2019

Fantastic 4 unit building in a great North Long Beach neighborhood on an inside tract lot location, with a large owner unit in the front with 3 units in rear. This property would make a perfect investment for a 1st time investor or onsite owner. Well maintained building with separate electrical and gas meters, 3 garages, storage area and Laundry room. Fully occupied and most tenants on month to month leases.

Last Agent to Sell the Property

David Haas

Ernst & Haas Mngmnt Co., Inc. License #01126617 Listed on: 01/09/2019

Last Buyer's Agent

Jamee Lindberg

Re/Max R. E. Specialists License #01107487

Re/Max R. E. Specialists

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 4,802 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Front Yard

Parking

  • 3 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,068 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 29 / b
  • Tax Tract Number 5965
  • Assessor Parcel Number 7127006029

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,100
  • Fuel Expense $800
  • Insurance Expense $1,200
  • Trash Expense $600
  • Water Sewer Expense $4,000
  • New Taxes Expense $11,312
  • Operating Expense $15,412
  • Gross Income $70,000
  • Net Operating Income $42,360

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

4,802 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 4000.00
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Parcel Number: 7127006029
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 290.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped
  • Lot Size Sq Ft: 4802.00
  • Lot Size Acres: 0.1102

Multi Family

  • Electric Expense: 1100.00
  • Fuel Expense: 800.00
  • Gross Income: 70000.00
  • Gross Scheduled Income: 72360.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 4802.0000 Square Feet
  • Net Operating Income: 42360.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 30000.00
  • Rent Control: No
  • Total Actual Rent: 5655.00
  • Total Expenses: 15412.00

Tax Info

  • New Taxes Expense: 11312.00
  • Tax Block: b
  • Tax Census Tract: 5706.01
  • Tax Lot: 29
  • Tax Tract Number: 5965

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2019
Closed on
Feb 11, 2019
Sold by
Songs Company Llc
Bought by
Palmas Cruz and Palmas Maria H
Seller's Agent
David Haas
Ernst & Haas Mngmnt Co., Inc.
Buyer's Agent
Jamee Lindberg
Re/Max R. E. Specialists
List Price
$925,000
Sold Price
$891,000
Premium/Discount to List
-$34,000
-3.68%
Current Estimated Value
$1,252,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$361,980
Avg. Annual Appreciation
5.04%
Original Mortgage
$378,500
Outstanding Balance
$332,091
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$920,889

Purchase Details

Listed on
Oct 14, 2015
Closed on
Jan 5, 2016
Sold by
Song Xu Hong
Bought by
Songs Company Llc
Seller's Agent
Vertice Williams
Carmody Real Estate, Inc.
Buyer's Agent
Grace Song
Keller Williams Realty Irvine
List Price
$664,000
Sold Price
$650,000
Premium/Discount to List
-$14,000
-2.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.16%
Original Mortgage
$390,000
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 14, 2015
Closed on
Nov 30, 2015
Sold by
Irving Evelyn Ruth and Irving Clarence Joseph
Bought by
Song Xu Hong
Seller's Agent
Vertice Williams
Carmody Real Estate, Inc.
Buyer's Agent
Grace Song
Keller Williams Realty Irvine
List Price
$664,000
Sold Price
$650,000
Premium/Discount to List
-$14,000
-2.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 14, 2015
Closed on
Nov 16, 2015
Sold by
Jackson Glen
Bought by
Irving Evelyn Ruth
Seller's Agent
Vertice Williams
Carmody Real Estate, Inc.
Buyer's Agent
Grace Song
Keller Williams Realty Irvine
List Price
$664,000
Sold Price
$650,000
Premium/Discount to List
-$14,000
-2.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 29, 2013
Sold by
Irving Clarence Joseph
Bought by
Irving Evelyn Ruth and Irving Clarence Joseph

Purchase Details

Closed on
May 11, 2004
Sold by
Price Richard and Pooh Bear Trust
Bought by
Price Richard E

Purchase Details

Closed on
Nov 3, 2003
Sold by
Price Richard E
Bought by
Irving Clarence J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,300
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 2003
Sold by
Price Richard E
Bought by
Pooh Bear Trust

Purchase Details

Closed on
Dec 15, 1998
Sold by
Hud
Bought by
Price Richard E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,790
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 22, 1997
Sold by
Chinedum Uchemefuna and Inland Mtg Corp
Bought by
Inland Mtg Corp

Purchase Details

Closed on
Dec 19, 1997
Sold by
Inland Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Dec 27, 1994
Sold by
Uichemefuna Bridget
Bought by
Uchemefuna Chinedum

Purchase Details

Closed on
Sep 12, 1994
Sold by
Baker Ella V and Baker Trust
Bought by
Chinedum Uchemefuna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,127
Interest Rate
9.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 1993
Sold by
Baker Ella V and Baker Trust
Bought by
Baker Ella V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,200
Interest Rate
6.95%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 1, 1993
Sold by
Baker Ella V
Bought by
Baker Ella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,200
Interest Rate
6.95%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Palmas Cruz $891,000 Ticor Title
Songs Company Llc -- Accommodation
Song Xu Hong $650,000 Western Resources Title
Irving Evelyn Ruth -- Western Resources Title Co
Irving Evelyn Ruth -- None Available
Price Richard E -- First American Title Co Los
Irving Clarence J $447,000 First American Title Co Los
Pooh Bear Trust -- --
Price Richard E $182,500 Provident Title
Inland Mtg Corp $234,804 Lawyers Title Company
Hud -- Northern Counties Title
Uchemefuna Chinedum -- First American Title Co
Chinedum Uchemefuna $254,000 First American Title Co
Baker Ella V -- --
Baker Ella -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palmas Cruz $378,500
Previous Owner Song Xu Hong $390,000
Previous Owner Irving Clarence J $402,300
Previous Owner Price Richard E $176,790
Previous Owner Chinedum Uchemefuna $217,127
Previous Owner Baker Ella V $142,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/11/2019 03/11/19 Sold $891,000 -0.9% $290 / Sq Ft
02/05/2019 02/05/19 Pending -- -- --
01/31/2019 01/31/19 Price Changed $899,000 -2.8% $293 / Sq Ft
01/24/2019 01/24/19 For Sale $925,000 0.0% $301 / Sq Ft
01/21/2019 01/21/19 Pending -- -- --
01/09/2019 01/09/19 For Sale $925,000 +42.3% $301 / Sq Ft
12/08/2015 12/08/15 Sold $650,000 -2.1% $642 / Sq Ft View Prior Sale
11/02/2015 11/02/15 Pending -- -- --
10/14/2015 10/14/15 For Sale $664,000 -- $656 / 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 $12,939 $993,923 $334,654 $659,269
2024 $12,939 $974,436 $328,093 $646,343
2023 $12,719 $955,330 $321,660 $633,670
2022 $11,944 $936,599 $315,353 $621,246
2021 $11,699 $918,235 $309,170 $609,065
2020 $11,668 $909,780 $306,000 $603,780
2019 $9,098 $690,745 $148,569 $542,176
2018 $8,826 $677,220 $145,656 $531,564
2016 $8,117 $650,000 $140,000 $510,000
2015 $6,542 $528,796 $176,264 $352,532
2014 $6,512 $518,439 $172,812 $345,627
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19007080

California Regional Multiple Listing Service (CRMLS)

APN: 7127-006-029

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