NOT LISTED FOR SALE

571 E Rhea St Long Beach, CA 90806

Sunrise Neighborhood

Estimated Value: $852,000 - $961,000

3 Beds
3 Baths
2,132 Sq Ft
$431/Sq Ft Est. Value

Sale Details

Date Sold: July 17, 2012

Last sale price $224,000 $105 Per Sq Ft

Est. 310% increase in value since last sale

Current estimated payment $5,336 / mo

64 Days on Market

Highlights

  • Traditional Architecture
  • Long Beach Polytechnic High School Rated A
  • No Heating

About This Home

As of July 2012

***TRI-PLEX IN POLY HIGH AREA OF LONG BEACH*** This triplex consists of 4 x 1 bedroom, 1 bathroom units. Permits show as 3 units each with 1 bedroom & 1 bathroom (buyer to verify permits). 571: Entry into living room with wall to wall carpet; kitchen with formica countertops, tiled floors, double stainless steel sink, disposal & microwave/vent hood; hallway to 1 bedroom & 1 full bathroom; service room/den off of kitchen; Rear unit (unpermitted): living room/kitchen entry with tiled & carpeted floors, 1 bedroom & 1 full bathroom. Unit 573 (upstairs): Stairway entry that leads to landing that grants access to kitchen, living room, 1 full bathroom & 1 full bathroom. Unit 575 (upstairs): Stairway entry that leads to landing that grants access to kitchen, living room, 1 full bathroom, 1 bedroom & a small office/service room. Rental income taken from section 8 and is for example purposes only!

Last Agent to Sell the Property

Laura Roman

Boardwalk Properties License #00458210 Listed on: 05/03/2012

Last Buyer's Agent

Anthony Milanes

The Realty Group License #01871926

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 1,634

Home Design

  • 2,132 Sq Ft Home
  • Traditional Architecture
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • 1,634 Sq Ft Lot
  • No Heating

Listing and Financial Details

  • Tax Block 4
  • Tax Tract Number 2
  • Assessor Parcel Number 7209003021

Community Details

Overview

  • 3 Units

Building Details

  • New Taxes Expense $10,680
  • Gross Income $3,823
  • Net Operating Income $36,701

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

1,634 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 14.17
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7209003021
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 105.07

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 1634.00
  • Lot Size Acres: 0.0380

Multi Family

  • Gross Income: 3823.00
  • Gross Multiplier: 5.65
  • Gross Scheduled Income: 45876.00
  • Lot Size Area: 1634.0000 Square Feet
  • Net Operating Income: 36701.00
  • Number Of Units Total: 3
  • Operating Expense: 9175.00

Tax Info

  • New Taxes Expense: 10680.00
  • Tax Area: 11933
  • Tax Block: 4
  • Tax Lot: 0.
  • Tax Tract Number: 2

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
May 3, 2012
Closed on
Jul 11, 2012
Sold by
Bought by
Seller's Agent
Laura Roman
Boardwalk Properties
Buyer's Agent
Anthony Milanes
The Realty Group
List Price
$289,500
Sold Price
$224,000
Premium/Discount to List
-$65,500
-22.63%
Current Estimated Value
$919,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$695,000
Avg. Annual Appreciation
10.59%

Purchase Details

Listed on
May 3, 2012
Closed on
Jul 10, 2012
Sold by
Bought by
Seller's Agent
Laura Roman
Boardwalk Properties
Buyer's Agent
Anthony Milanes
The Realty Group
List Price
$289,500
Sold Price
$224,000
Premium/Discount to List
-$65,500
-22.63%

Purchase Details

Closed on
Nov 23, 2011
Sold by
Bought by

Purchase Details

Closed on
Dec 7, 2006
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
$650,000
Interest Rate
4%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 19, 2005
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
$464,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 2004
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
$319,200
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 25, 2002
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
$140,000
Interest Rate
7.13%
Mortgage Type
Balloon

Purchase Details

Closed on
Dec 4, 2001
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
$140,000
Interest Rate
7.13%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 20, 1998
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
$116,400
Interest Rate
6.93%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
-- Lsi Title Company Inc
$224,000 Lsi Title Company Inc
$279,000 Landsafe Title
$875,000 Orange Coast Title
$580,000 Fidelity National Title
$399,000 Lawyers Title
$175,000 First American Title Co
-- First American Title Co
$110,000 Chicago 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
Previous Owner $650,000
Previous Owner $464,000
Previous Owner $319,200
Previous Owner $140,000
Previous Owner $116,400
Closed $17,500
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
07/17/2012 07/17/12 Sold $224,000 -22.6% $105 / Sq Ft
07/06/2012 07/06/12 Pending -- -- --
05/03/2012 05/03/12 For Sale $289,500 -- $136 / 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 $4,118 $275,827 $123,138 $152,689
2024 $3,927 $270,420 $120,724 $149,696
2023 $3,856 $265,118 $118,357 $146,761
2022 $3,630 $259,921 $116,037 $143,884
2021 $3,542 $254,825 $113,762 $141,063
2020 $3,532 $252,213 $112,596 $139,617
2019 $3,491 $247,269 $110,389 $136,880
2018 $3,389 $242,422 $108,225 $134,197
2016 $3,114 $233,010 $104,023 $128,987
2015 $2,996 $229,511 $102,461 $127,050
2014 $2,989 $225,016 $100,454 $124,562
Source: Public Records

Agents Affiliated with this Home

  • Laura Roman

    Seller's Agent in 2012

    Laura Roman

    Boardwalk Properties

    (562) 209-3645

    1 in this area

    35 Total Sales

    Section Image

  • A

    Buyer's Agent in 2012

    Anthony Milanes

    The Realty Group

    (562) 256-9890

    26 Total Sales

    Anthony Milanes
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P820839

California Regional Multiple Listing Service (CRMLS)

APN: 7209-003-021

California Los Angeles County Long Beach 90806 Sunrise

571 E Rhea St, Long Beach, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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