NOT LISTED FOR SALE

6115 Walnut Ave Long Beach, CA 90805

Nehyam Neighborhood

Estimated Value: $787,000 - $896,000

4 Beds
2 Baths
1,556 Sq Ft
$536/Sq Ft Est. Value

Last Sold April 16, 2014

Last sale price $400,000 $257 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $4,866/month

64 Days on Market

About This Home

As of April 2014

Wow, hurry and look at his beautiful Duplex on a very nice street. This is two separate detached homes on one lot! The front house is a large 3 bedrooms, 1 bath home with a fireplace, laundry, formal dining room off of the remodeled kitchen. The rear house is a quaint 1 bedroom and 1 bath. Each has its own private patio and fenced yard. There's a long side driveway for parking. Both units have lots of charm and character and have been updated with newer windows, kitchens, baths, paint, roofs and more. Each home has it's own water heater and both are separately metered for electric and gas. This is a great property for someone who wants to live in one home and rent the 2nd home for income or for a smart investor looking for a turn key property that's easy to rent and ready to go. This is a standard sale too!

Last Agent to Sell the Property

John Zimmerman

Re/Max R. E. Specialists License #01052025 Listed on: 03/17/2014

Re/Max R. E. Specialists

Last Buyer's Agent

John Zimmerman

Re/Max R. E. Specialists License #01052025 Listed on: 03/17/2014

Re/Max R. E. Specialists

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 4,580 Sq Ft Lot
  • No Common Walls

Interior Spaces

  • 1,556 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 3 Parking Spaces
  • Parking Available
  • Driveway

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 16
  • Tax Tract Number 7595
  • Assessor Parcel Number 7118018015

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $1,200
  • Water Sewer Expense $960
  • New Taxes Expense $4,938
  • Gross Income $2,540
  • Net Operating Income $28,080

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Paved
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 960.00
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7118018015
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Living Room
  • Price Per Square Foot: 257.07

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Laundry: Yes
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 4580.00
  • Lot Size Acres: 0.1050

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average1 Bed Area: 368
  • Average3 Bed Area: 1188
  • Gross Income: 2540.00
  • Gross Scheduled Income: 30480.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 4580.0000 Square Feet
  • Net Operating Income: 28080.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 2400.00
  • Rent Control: No
  • Total Actual Rent: 2540.00

Tax Info

  • New Taxes Expense: 4938.00
  • Tax Lot: 16
  • Tax Tract Number: 7595
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 3, 2017
Sold by
Jung Paul and Jung Irene
Bought by
Jungphn Llc
Current Estimated Value
$834,112

Purchase Details

Listed on
Mar 17, 2014
Closed on
Mar 24, 2014
Sold by
Chea Thai
Bought by
Jung Paul and Jung Irene
Seller's Agent
John Zimmerman
Re/Max R. E. Specialists
Buyer's Agent
John Zimmerman
Re/Max R. E. Specialists
List Price
$395,000
Sold Price
$400,000
Premium/Discount to List
$5,000
1.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.40%
Original Mortgage
$300,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2010
Sold by
Luu Harris and Luu Loi
Bought by
Chea Thai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2010
Sold by
Bac Home Loans Servicing Lp
Bought by
Luu Harris and Luu Loi

Purchase Details

Closed on
Jan 7, 2010
Sold by
Espinoza Luis and Gomez Maria Antonia
Bought by
Bac Home Loans Servicing Lp and Countrywide Home Loans Servicing Lp

Purchase Details

Closed on
Jul 27, 2005
Sold by
Watson Lester and Watson Thelma
Bought by
Espinoza Luis and Gomez Maria Antonia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2004
Sold by
Watson Lester
Bought by
Watson Lester and Watson Thelma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,671
Interest Rate
5.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2004
Sold by
Watson Thelma
Bought by
Watson Lester

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,671
Interest Rate
5.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 1999
Sold by
Bogovic Frank E
Bought by
Watson Lester and Watson Thelma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
7.84%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jungphn Llc -- None Listed On Document
Jung Paul $400,000 North American Title Company
Chea Thai $340,000 Fidelity National Title Co
Luu Harris $256,500 Landsafe Title
Bac Home Loans Servicing Lp $261,000 Landsafe Title
Espinoza Luis $540,000 Orange Coast Title
Watson Lester -- --
Watson Lester -- Landsafe Title
Watson Lester $90,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jung Paul $300,000
Previous Owner Chea Thai $250,000
Previous Owner Espinoza Luis $432,000
Previous Owner Watson Lester $134,671
Previous Owner Watson Lester $85,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2014 04/16/14 Sold $400,000 +1.3% $257 / Sq Ft
03/20/2014 03/20/14 Pending -- -- --
01/15/2014 01/15/14 For Sale $395,000 -- $254 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,425 $490,335 $214,520 $275,815
2024 $6,425 $480,721 $210,314 $270,407
2023 $6,317 $471,296 $206,191 $265,105
2022 $5,934 $462,056 $202,149 $259,907
2021 $5,813 $452,997 $198,186 $254,811
2020 $5,798 $448,353 $196,154 $252,199
2019 $5,731 $439,562 $192,308 $247,254
2018 $5,536 $430,944 $188,538 $242,406
2016 $5,092 $414,212 $181,218 $232,994
2015 $4,889 $407,991 $178,496 $229,495
2014 $4,353 $355,340 $177,670 $177,670
Source: Public Records

Agents Affiliated with this Home

  • John Zimmerman

    Seller's Agent in 2014

    John Zimmerman

    RE/MAX

    (562) 706-1406

    10 Total Sales

    John Zimmerman
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14011752

California Regional Multiple Listing Service (CRMLS)

APN: 7118-018-015

California Los Angeles County Long Beach 90805 Nehyam

6115 Walnut Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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