NOT LISTED FOR SALE

Estimated Value: $853,711 - $986,000

5 Beds
3 Baths
2,220 Sq Ft
$409/Sq Ft Est. Value

Last Sold June 12, 2014

Last sale price $375,000 $169 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $5,479/month

4 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace

About This Home

As of June 2014

Built in 1965. 2 br, 1 ba upstairs ($900/mo) and 3br, 2ba downstairs ($1,050/mo) . Large units. One 2-car garage and One 1-car garage. Nice back yard. Copper plumbing. All sep meters including water. Low rents due to long term owner with F/C property.

Last Agent to Sell the Property

Thomas Winn

Long Beach Invest. Prop. License #00697278 Listed on: 05/05/2014

Last Buyer's Agent

Karl Luecke

RE/MAX College Park Realty License #01126558

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,109

Year Built

  • Built in 1965

Lot Details

  • 4,623 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • 2,220 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 0136
  • Tax Tract Number 8973
  • Assessor Parcel Number 7123007004

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000
  • New Taxes Expense $4,562
  • Gross Income $1,950
  • Net Operating Income $1,950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,109

Year Built

Built in 1965

Lot Details

0

Parking

3

Listing Details

  • Other Phone Description: 562-426-2507
  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Property Type: Residential Income
  • Parcel Number: 7123007004
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 168.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4623.00
  • Lot Size Acres: 0.1060

Multi Family

  • Gross Income: 1950.00
  • Gross Scheduled Income: 23400.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 4623.0000 Square Feet
  • Net Operating Income: 1950.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4562.00
  • Tax Lot: 0136
  • Tax Tract Number: 08973
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2014
Closed on
May 15, 2014
Sold by
Howe Norman E
Bought by
Chau Michael and Chau Ling
Seller's Agent
Thomas Winn
Long Beach Invest. Prop.
Buyer's Agent
Karl Luecke
RE/MAX College Park Realty
List Price
$365,000
Sold Price
$375,000
Premium/Discount to List
$10,000
2.74%
Current Estimated Value
$907,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$532,678
Avg. Annual Appreciation
7.94%
Source: Public Records

Range of Values:

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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
Chau Michael $375,000 Title 365
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2014 06/12/14 Sold $375,000 +2.7% $169 / Sq Ft
05/09/2014 05/09/14 Pending -- -- --
05/05/2014 05/05/14 For Sale $365,000 -- $164 / 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 $6,109 $459,689 $208,393 $251,296
2024 $6,109 $450,676 $204,307 $246,369
2023 $6,007 $441,840 $200,301 $241,539
2022 $5,647 $433,177 $196,374 $236,803
2021 $5,526 $424,684 $192,524 $232,160
2019 $5,448 $412,089 $186,814 $225,275
2018 $5,249 $404,009 $183,151 $220,858
2016 $4,822 $388,323 $176,040 $212,283
2015 $4,631 $382,491 $173,396 $209,095
2014 $2,463 $186,618 $93,309 $93,309
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14092338

California Regional Multiple Listing Service (CRMLS)

APN: 7123-007-004