NOT LISTED FOR SALE

Estimated Value: $827,000 - $1,022,259

4 Beds
4 Baths
1,661 Sq Ft
$559/Sq Ft Est. Value

Last Sold January 07, 2020

Last sale price $687,558 $414 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $5,691/month

19 Days on Market

Highlights

  • Converted Garage
  • Greenbelt
  • Front Yard
  • Laundry Room
  • Wall Furnace

About This Home

As of January 2020

******************Fully Occupied 4 Unit Complex located in a Quiet "CENTER TRACK" North Long Beach location.***************************** Strong Unit Mix: TWO Fully Appointed 1-Bdrm 1-Bath units in a "FREESTANDING DUPLEX" located Street Side. An "EXPANSIVE" 2-Bdrm 1- Bath located over the Garage(s). An additional STUDIO apartment sits below. Convenient "TUCK UNDER" parking with Gated access. Newer Electrical Panel with 4 separate meters. A Quaint "COURTYARD" separates the buildings with TIGHT Landscaping. All this is located on a quiet residential "TREE LINED STREET !

Last Agent to Sell the Property

James Bangar

Coldwell Banker Envision License #00867272 Listed on: 11/07/2019

Coldwell Banker Envision

Last Buyer's Agent

John Alden

Alden Pacific Investments, Inc. License #02114291

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 4,166 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 2 Car Garage
  • Converted Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex

Interior Spaces

  • 1,661 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 38 / C
  • Tax Tract Number 8281
  • Assessor Parcel Number 7128006026

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Greenbelt

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $775
  • Fuel Expense $60
  • Gardener Expense $840
  • Insurance Expense $1,300
  • Trash Expense $790
  • Water Sewer Expense $900
  • New Taxes Expense $8,438
  • Operating Expense $13,103
  • Gross Income $51,618
  • Net Operating Income $36,967

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.00
  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 900.00
  • Zoning: LBR1N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 7128006026
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 413.94

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Converted Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 790.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Greenbelt
  • Lot Size Sq Ft: 4166.00
  • Lot Size Acres: 0.0956

Multi Family

  • Electric Expense: 775.00
  • Fuel Expense: 60.00
  • Garage Income: 1500.00
  • Gross Income: 51618.00
  • Gross Multiplier: 13.10
  • Gross Operating Income: 50070.00
  • Gross Scheduled Income: 51618.00
  • Insurance Expense: 1300.00
  • Laundry Income: 324.00
  • Lot Size Area: 4166.0000 Square Feet
  • Net Operating Income: 36967.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 13103.00
  • Operating Expense Percent: 26.00
  • Rent Control: Yes
  • Total Actual Rent: 4275.00
  • Total Expenses: 13103.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 8438.00
  • Tax Block: C
  • Tax Census Tract: 5706.01
  • Tax Lot: 38
  • Tax Tract Number: 8281

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 2020
Sold by
5656 Cerritos Llc
Bought by
Ueng Jacquelyn
Current Estimated Value
$929,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Outstanding Balance
$470,547
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$458,768

Purchase Details

Closed on
Mar 26, 2020
Sold by
Ueng Jacquelyn
Bought by
5656 Cerritos Llc

Purchase Details

Listed on
Nov 7, 2019
Closed on
Dec 13, 2019
Sold by
Sawyer Larry Wayne and Sawyer Eliane De Abreu
Bought by
Ueng Jacquelyn
Seller's Agent
James Bangar
Coldwell Banker Envision
Buyer's Agent
John Alden
Alden Pacific Investments, Inc.
List Price
$676,713
Sold Price
$687,558
Premium/Discount to List
$10,845
1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.17%
Original Mortgage
$536,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2012
Sold by
Sawyer Larry W and Sawyer Eliane A
Bought by
Abreu Sawyer Larry Wayne and Abreu Sawyer Eliane De

Purchase Details

Closed on
Jan 4, 2010
Sold by
Danco Inc
Bought by
Sawyer Larry W and Sawyer Eliane A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,500
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2008
Sold by
Deutsche Bank National Trust Company
Bought by
Danco Inc

Purchase Details

Closed on
Sep 8, 2008
Sold by
James Stanley E
Bought by
Deutsche Bank National Trust Co and Securitized Asset Backed Receivables Llc

Purchase Details

Closed on
Sep 14, 2006
Sold by
James Stanley
Bought by
James Stanley

Purchase Details

Closed on
Jun 9, 2005
Sold by
Delois James Stanley and Delois James
Bought by
James Stanley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
7.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 1998
Sold by
Lowe Wendy W
Bought by
Delois James Stanley and Delois James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,793
Interest Rate
7.06%
Mortgage Type
FHA
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
Ueng Jacquelyn -- Ticor Title Company Of Ca
5656 Cerritos Llc -- Orange Coast Title
Ueng Jacquelyn $688,000 Orange Coast Title Company
Abreu Sawyer Larry Wayne -- Accommodation
Sawyer Larry W $410,000 Lawyers Title
Danco Inc -- Fidelity National Title
Deutsche Bank National Trust Co $316,814 None Available
James Stanley -- United Title Company
James Stanley -- Southland Title Corporation
Delois James Stanley $175,500 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ueng Jacquelyn $530,000
Previous Owner Ueng Jacquelyn $536,000
Previous Owner Sawyer Larry W $307,500
Previous Owner James Stanley $310,000
Previous Owner Delois James Stanley $170,793
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2020 01/07/20 Sold $687,558 0.0% $414 / Sq Ft
11/26/2019 11/26/19 Pending -- -- --
11/19/2019 11/19/19 Off Market $687,558 -- --
11/07/2019 11/07/19 For Sale $676,713 -- $407 / 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 $9,859 $751,877 $314,421 $437,456
2024 $9,859 $737,135 $308,256 $428,879
2023 $9,687 $722,682 $302,212 $420,470
2022 $9,097 $708,513 $296,287 $412,226
2021 $8,806 $694,622 $290,478 $404,144
2020 $6,340 $483,910 $247,857 $236,053
2019 $6,266 $474,423 $242,998 $231,425
2018 $6,068 $465,122 $238,234 $226,888
2016 $5,587 $447,063 $228,984 $218,079
2015 $5,366 $440,349 $225,545 $214,804
2014 $5,339 $431,724 $221,127 $210,597
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19261222

California Regional Multiple Listing Service (CRMLS)

APN: 7128-006-026