NOT LISTED FOR SALE

Estimated Value: $1,048,000 - $1,171,002

6 Beds
4 Baths
2,826 Sq Ft
$395/Sq Ft Est. Value

Last Sold July 03, 2014

Last sale price $625,000 $221 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $6,672/month

10 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Floor Furnace

About This Home

As of July 2014

This is a 4 unit complex in north long beach, All units are presently rented to long term tenants. Well maintained complex with plenty of off street and on street parking available. PLEASE DO NOT DISTURB TENANTS AS THEY ARE NOT AWARE OF THE SALE. THIS IS A DRIVE BY ONLY

Last Agent to Sell the Property

Pete Machin

eXp Realty of Greater Los Angeles License #01358372 Listed on: 04/29/2014

eXp Realty of Greater Los Angeles

Last Buyer's Agent

Ezihe Irondi

Nationwide Real Estate Execs License #01381245

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 4,287 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • Property Attached
  • Brick Foundation

Interior Spaces

  • 2,826 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Urban Location
  • Floor Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 15 / 23
  • Tax Tract Number 6521
  • Assessor Parcel Number 7124025014

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,271
  • Trash Expense $410
  • Water Sewer Expense $1,800
  • New Taxes Expense $6,250
  • Gross Income $4,359
  • Net Operating Income $42,577

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1800.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7124025014
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 221.16

Exterior Features

  • Foundation: Brick/Mortar
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Common Area
  • Trash Expense: 410.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4287.00
  • Lot Size Acres: 0.0980

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 650
  • Average2 Bed Area: 765
  • Gross Income: 4359.00
  • Gross Multiplier: 12.00
  • Gross Scheduled Income: 52308.00
  • Insurance Expense: 1271.00
  • Lot Size Area: 4287.0000 Square Feet
  • Net Operating Income: 42577.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Operating Expense: 9731.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6250.00
  • Tax Block: 23
  • Tax Lot: 15
  • Tax Tract Number: 6521
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2014
Closed on
May 14, 2014
Sold by
Song Suki Myong
Bought by
Clarke Erik E and Stayer Clarke Sarah
Seller's Agent
Pete Machin
eXp Realty of Greater Los Angeles
Buyer's Agent
Ezihe Irondi
Nationwide Real Estate Execs
List Price
$625,000
Sold Price
$625,000
Current Estimated Value
$1,117,001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$492,001
Avg. Annual Appreciation
5.16%
Original Mortgage
$468,750
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2013
Sold by
Song Suki Myong
Bought by
Gsong Suki Myon and Suki Myong Song Revocable Trust

Purchase Details

Closed on
Dec 1, 2011
Sold by
Song Suki Myong
Bought by
Ma Hung K and Song Suki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,073
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2008
Sold by
Emc Mortgage Corp
Bought by
Ma Hung Kun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,740
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 30, 2007
Sold by
Hernandez Maria E
Bought by
Emc Mortgage

Purchase Details

Closed on
Sep 27, 2005
Sold by
Hernandez Francisco J
Bought by
Hernandez Maria E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,994
Interest Rate
5.63%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 17, 2005
Sold by
Bridgette Marcell and Bridgette Tammy
Bought by
Hernandez Maria E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,994
Interest Rate
5.63%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 2, 2004
Sold by
Felix Joel
Bought by
Bridgette Marcell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 2, 2002
Sold by
Lenders Norman D and Lenders Ronald
Bought by
Lenders Norman D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,587
Interest Rate
6.78%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 29, 1997
Sold by
Lenders Nina
Bought by
Lenders Norman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
7.58%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 1, 1997
Sold by
Glendale Federal Bank
Bought by
Lenders Norman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
7.58%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 10, 1996
Sold by
Maatuban Salustiano and Maatubang Estela
Bought by
Glendale Federal Bank Fsb
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Clarke Erik E $625,000 Priority Title Company
Gsong Suki Myon -- None Available
Ma Hung K -- Chicago Title Company
Ma Hung Kun $528,500 Fidelity National Title Co
Emc Mortgage $606,995 None Available
Hernandez Maria E -- --
Hernandez Maria E $720,000 Lawyers Title
Bridgette Marcell $525,000 Lawyers Title
Lenders Norman D -- Lawyers Title Company
Felix Joel -- --
Lenders Norman -- --
Lenders Norman $145,000 --
Glendale Federal Bank Fsb $210,814 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Clarke Erik E $468,750
Previous Owner Ma Hung K $323,073
Previous Owner Ma Hung Kun $369,740
Previous Owner Hernandez Maria E $143,994
Previous Owner Hernandez Maria E $575,976
Previous Owner Bridgette Marcell $393,750
Previous Owner Felix Joel $241,587
Previous Owner Lenders Norman $130,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/03/2014 07/03/14 Sold $625,000 0.0% $221 / Sq Ft
05/09/2014 05/09/14 Pending -- -- --
04/29/2014 04/29/14 For Sale $625,000 -- $221 / 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 $9,967 $751,144 $180,271 $570,873
2024 $9,967 $736,417 $176,737 $559,680
2023 $9,796 $721,978 $173,272 $548,706
2022 $12,976 $1,025,000 $325,000 $700,000
2021 $8,695 $667,446 $265,292 $402,154
2020 $8,672 $660,843 $262,572 $398,271
2019 $8,571 $647,891 $257,424 $390,467
2018 $8,300 $635,193 $252,377 $382,816
2016 $7,400 $590,000 $270,000 $320,000
2015 $6,308 $510,000 $235,000 $275,000
2014 $6,393 $510,000 $235,000 $275,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14089134

California Regional Multiple Listing Service (CRMLS)

APN: 7124-025-014