NOT LISTED FOR SALE

Estimated Value: $1,050,000 - $1,421,000

6 Beds
4 Baths
3,068 Sq Ft
$405/Sq Ft Est. Value

Sale Details

Date Sold: March 11, 2019

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

Est. 40% increase in value since last sale

Current estimated payment $7,883 / mo

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2019
Closed on
Feb 11, 2019
Sold by
Bought by
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
$1,243,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$352,298
Avg. Annual Appreciation
4.64%
Original Mortgage
$378,500
Interest Rate
0.044%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 14, 2015
Closed on
Jan 5, 2016
Sold by
Bought by
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
0.0525%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 14, 2015
Closed on
Nov 30, 2015
Sold by
Bought by
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
0.0525%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 14, 2015
Closed on
Nov 16, 2015
Sold by
Bought by
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
0.0525%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 29, 2013
Sold by
Bought by

Purchase Details

Closed on
May 11, 2004
Sold by
Bought by

Purchase Details

Closed on
Nov 3, 2003
Sold by
Bought by

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
0.0603%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
0.0573%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 15, 1998
Sold by
Bought by

Purchase Details

Closed on
Dec 22, 1997
Sold by
Bought by

Purchase Details

Closed on
Dec 19, 1997
Sold by
Bought by

Purchase Details

Closed on
Dec 27, 1994
Sold by
Bought by

Purchase Details

Closed on
Sep 12, 1994
Sold by
Bought by

Purchase Details

Closed on
Sep 8, 1993
Sold by
Bought by

Purchase Details

Closed on
Sep 1, 1993
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$891,000 Ticor Title
-- Accommodation
$650,000 Western Resources Title
-- Western Resources Title Co
-- None Available
-- First American Title Co Los
$447,000 First American Title Co Los
-- --
$182,500 Provident Title
$234,804 Lawyers Title Company
-- Northern Counties Title
-- First American Title Co
$254,000 First American Title Co
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $378,500
Previous Owner $390,000
Previous Owner $588,000
Previous Owner $402,300
Previous Owner $100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $13,530 $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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