NOT LISTED FOR SALE

Estimated Value: $777,459 - $856,000

3 Beds
2 Baths
1,292 Sq Ft
$630/Sq Ft Est. Value

Last Sold June 30, 2020

Last sale price $635,000 $491 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $5,005/month

5 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Neighborhood Views
  • Double Pane Windows
  • Spanish Architecture
  • Two Homes on a Lot
  • Laundry Room

About This Home

As of June 2020

Beautifully remodeled 2 homes on a lot in upcoming Uptown Long Beach. Front house is a spacious 2 bedroom/1 bathroom featuring brand new dual paned windows, a remodeled kitchen featuring custom made shaker cabinets, dark grey quartz counter tops, brand new Stainless Steel appliances. Off the kitchen is a large private laundry room. Dining room, living room, and all bedrooms are spacious. Brand new water heater also just installed. You also have a long driveway that could fit 4 cars, with detached garage and nice back yard space. The back house is a 1 bedroom / 1 bathroom that has it's own private entrance and private fron and side yards. This unit has a remodeled bathroom, brand new flooring and paint, upgraded kitchen with a brand new gas range. Both units are vacant which makes this perfect to live in or rent out both units at market rents. This area of North Long Beach is also going through a major revitalization and this property is located in the middle of the all the new developments. Click on the film icon to see the virtual tour.

Last Agent to Sell the Property

Trevor Laramee

Realty Source Inc. License #01722500 Listed on: 05/28/2020

Last Buyer's Agent

Michael Telega

Compass License #01973319

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 4,822 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Back Yard

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Single Garage Door
  • Driveway

Home Design

  • Duplex
  • Spanish Architecture
  • Turnkey
  • Raised Foundation
  • Shingle Roof
  • Tar and Gravel Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,292 Sq Ft Home
  • Double Pane Windows
  • Living Room with Fireplace
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Two Homes on a Lot
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 11 / 17
  • Tax Tract Number 6521
  • Assessor Parcel Number 7124031011

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $42,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • View: Yes
  • Zoning: LBR2N
  • Architectural Style: Spanish
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7124031011
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 491.49
  • Room Type: All Bedrooms Down, Laundry, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • Other Structures: Two On A Lot
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle, Tar/Gravel
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage - Single Door
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 4822.00
  • Lot Size Acres: 0.1107

Multi Family

  • Average1 Bed Area: 364 Square Feet
  • Average2 Bed Area: 928 Square Feet
  • Gross Income: 42000.00
  • Gross Scheduled Income: 42000.00
  • Lot Size Area: 4822.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Range: 2
  • Rent Control: No

Tax Info

  • Tax Block: 17
  • Tax Census Tract: 5706.01
  • Tax Lot: 11
  • Tax Tract Number: 6521

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2020
Closed on
Jun 23, 2020
Sold by
Luna Marisela
Bought by
Romero Ricardo
Seller's Agent
Trevor Laramee
Realty Source Inc.
Buyer's Agent
Michael Telega
Compass
List Price
$625,000
Sold Price
$635,000
Premium/Discount to List
$10,000
1.6%
Current Estimated Value
$814,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,115
Avg. Annual Appreciation
4.61%
Original Mortgage
$539,750
Outstanding Balance
$478,447
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$335,668

Purchase Details

Listed on
May 28, 2020
Closed on
Jun 5, 2020
Sold by
Ctrain Enterprises Inc
Bought by
Romero Ricardo
Seller's Agent
Trevor Laramee
Realty Source Inc.
Buyer's Agent
Michael Telega
Compass
List Price
$625,000
Sold Price
$635,000
Premium/Discount to List
$10,000
1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,750
Outstanding Balance
$478,447
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$335,668

Purchase Details

Listed on
Aug 9, 2019
Closed on
Jan 7, 2020
Sold by
Kirk Lois
Bought by
Ctrain Enterprises Inc
Seller's Agent
Trevor Laramee
Realty Source Inc.
Buyer's Agent
Chris Trainotti
On The Move Realty
List Price
$549,999
Sold Price
$450,000
Premium/Discount to List
-$99,999
-18.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
111.41%

Purchase Details

Closed on
Jul 23, 2007
Sold by
Lafrance Tyrone J
Bought by
Kirk Lois

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2005
Sold by
Lafrance Tyrone J
Bought by
Lafrance Tyronne J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.07%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 3, 2002
Sold by
Kusumoto Warren W
Bought by
Lafrance Tyrone J and Kirk Lois

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,110
Interest Rate
8.5%
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
Romero Ricardo -- Orange Coast Title Company
Romero Ricardo $635,000 Orange Coast Title Company
Ctrain Enterprises Inc $450,000 Orange Coast Title Company
Kirk Lois $550,000 Orange Coast Title
Lafrance Tyronne J -- First American Title
Lafrance Tyrone J $198,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romero Ricardo $539,750
Previous Owner Kirk Lois $382,000
Previous Owner Lafrance Tyronne J $55,000
Previous Owner Lafrance Tyrone J $178,110
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2020 06/30/20 Sold $635,000 +1.6% $491 / Sq Ft
05/28/2020 05/28/20 For Sale $625,000 +38.9% $484 / Sq Ft
01/15/2020 01/15/20 Sold $450,000 -18.2% $348 / Sq Ft View Prior Sale
10/22/2019 10/22/19 For Sale $549,999 0.0% $426 / Sq Ft
09/03/2019 09/03/19 Pending -- -- --
08/09/2019 08/09/19 For Sale $549,999 -- $426 / 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 $9,029 $694,461 $328,093 $366,368
2024 $9,029 $680,845 $321,660 $359,185
2023 $8,874 $667,496 $315,353 $352,143
2022 $8,333 $654,409 $309,170 $345,239
2021 $8,167 $641,578 $303,108 $338,470
2020 $3,566 $262,196 $125,799 $136,397
2019 $3,525 $257,056 $123,333 $133,723
2018 $3,362 $252,016 $120,915 $131,101
2016 $3,094 $242,232 $116,221 $126,011
2015 $2,974 $238,595 $114,476 $124,119
2014 $2,962 $233,922 $112,234 $121,688
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20102418

California Regional Multiple Listing Service (CRMLS)

APN: 7124-031-011