NOT LISTED FOR SALE

Estimated Value: $696,000 - $761,000

2 Beds
2 Baths
1,452 Sq Ft
$499/Sq Ft Est. Value

Last Sold October 15, 2013

Last sale price $308,000 $212 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $4,185/month

90 Days on Market

Highlights

  • Spanish Architecture
  • Laundry Room
  • Wood Fence
  • No HOA
  • 2 Car Garage
  • Carpet

About This Home

As of October 2013

Have you been looking for a duplex that has architectural charm in addition to being an affordable start to your investment portfolio? Look no further than 5646-48 Linden Avenue! This spacious duplex feels much more like a single family home than units and could be perfect for an owner occupant to live in one and rent the other! There are two separate entrances in addition to separate fenced yards. To complete the separateness, each unit even has its own garage! Each one of the units is an oversized one bedroom, one bath unit with a very open floor plan and over 700 square feet EACH! There is significant Spanish architectural detail including the coved ceilings and faux fireplaces that makes the Spanish style so warm and wonderful! Tucked away in a quiet, tree-lined area of North Long Beach, your next investment property is nestled among other cute Spanish homes and bungalows—and is so close to shopping, redevelopment, and the charming DeForest Park area. Jump on this Spanish beauty while you can, there is huge upside potential in the way under-market current rents! Separate gas and electric meters. The water meter is shared and the current tenants split the bill. The roof was replaced 5 years ago!!!

Last Agent to Sell the Property

Jeff Anderson

eXp Realty of California Inc License #01729514 Listed on: 05/17/2013

eXp Realty of California Inc

Co-Listed By

Torey Carrick

eXp Realty of California Inc License #01878468

Last Buyer's Agent

Jeff Anderson

eXp Realty of California Inc License #01729514 Listed on: 05/17/2013

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 4,610 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Block Wall Fence
  • Back Yard

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Spanish Architecture
  • Property Attached
  • Entry on the 1st floor
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 1,452 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 9
  • Tax Tract Number 5965
  • Assessor Parcel Number 7127007009

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gardener Expense $600
  • Insurance Expense $400
  • Gross Income $1,650
  • Net Operating Income $18,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7127007009
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 212.12
  • Room Type: Living Room

Exterior Features

  • Fencing: Block, Wood
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: In Garage
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Back Yard
  • Lot Size Sq Ft: 4610.00
  • Lot Size Acres: 0.1060

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 1650.00
  • Gross Scheduled Income: 19800.00
  • Insurance Expense: 400.00
  • Lot Size Area: 4610.0000 Square Feet
  • Net Operating Income: 18800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 1000.00
  • Rent Control: No
  • Total Actual Rent: 750.00

Tax Info

  • Tax Lot: 9
  • Tax Tract Number: 5965
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2015
Sold by
Lyla Brian
Bought by
Lyla Brian
Current Estimated Value
$725,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Outstanding Balance
$227,530
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$497,723

Purchase Details

Listed on
May 17, 2013
Closed on
Aug 19, 2013
Sold by
Burciago Anthony G
Bought by
Lyla Putrithee Brian
Seller's Agent
Jeff Anderson
eXp Realty of California Inc
Buyer's Agent
Jeff Anderson
eXp Realty of California Inc
List Price
$314,900
Sold Price
$308,000
Premium/Discount to List
-$6,900
-2.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.22%
Original Mortgage
$302,421
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 21, 2011
Sold by
Burciago Anthony G and Burciago Esther
Bought by
The Burciago Family Revocable Trust

Purchase Details

Closed on
Mar 19, 2001
Sold by
Burciago Anthony P and Burciago Natalie
Bought by
Burciago Anthony G
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
Lyla Brian -- North American Title Co Inc
Lyla Putrithee Brian $308,000 Fidelity National Title Co
Lyla Putrithee Brian -- Fidelity National Title Co
The Burciago Family Revocable Trust -- None Available
Burciago Anthony G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lyla Brian $296,000
Previous Owner Lyla Putrithee Brian $302,421
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2013 10/15/13 Sold $308,000 -2.2% $212 / Sq Ft
08/15/2013 08/15/13 Pending -- -- --
05/17/2013 05/17/13 For Sale $314,900 -- $217 / 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 $5,031 $377,554 $193,680 $183,874
2024 $5,031 $370,152 $189,883 $180,269
2023 $4,945 $362,895 $186,160 $176,735
2022 $4,647 $355,780 $182,510 $173,270
2021 $4,549 $348,805 $178,932 $169,873
2019 $4,485 $338,462 $173,626 $164,836
2018 $4,333 $331,826 $170,222 $161,604
2016 $3,986 $318,943 $163,613 $155,330
2015 $3,829 $314,153 $161,156 $152,997
2014 -- $308,000 $158,000 $150,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13092102

California Regional Multiple Listing Service (CRMLS)

APN: 7127-007-009