NOT LISTED FOR SALE

6116 Orange Ave Long Beach, CA 90805

Nehyam Neighborhood

Estimated Value: $598,422

4 Beds
2 Baths
1,898 Sq Ft
$315/Sq Ft Est. Value

Last Sold January 27, 2017

Last sale price $340,000 $179 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,708/month

6 Days on Market

About This Home

As of January 2017

BROKERS- SEE PRIVATE UPDATED REMARKS-
This property is operating as a store in front (that the owner presently uses as an art studio) and a residential two bedroom apartment in back. There are four parking spaces in the back. The front unit is quite large and has a living room, two 'bedrooms', bathroom with shower, and small kitchen. Air conditioner unit on the roof. The unit in the back pays $1400 a month, which includes utilities (entire property is single metered). Not sure what rent could be had in the front unit. NOTE- PRIVATE FINANCING AVAILABLE- The Seller will carry a first trust deed at 6% interest with interest only payments, with 20% down, for five years.

Last Agent to Sell the Property

Michael Robinson

Broadmoor Realty, Inc. License #00597913 Listed on: 12/20/2016

Co-Listed By

Gwen Kelly

Broadmoor Realty, Inc. License #00552325

Last Buyer's Agent

Fabian Rodriguez

Grand Avenue Realty & Lending License #01773066

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,381

Year Built

  • Built in 1949

Lot Details

  • 4,680 Sq Ft Lot
  • 1 Common Wall
  • No Landscaping
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 1,898 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 7595
  • Assessor Parcel Number 7118021011

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $16,800
  • Net Operating Income $11,256

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,381

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7118021011
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 179.14

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Heating Type: Forced Air
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, No Landscaping
  • Lot Size Sq Ft: 4680.00

Multi Family

  • Gross Income: 16800.00
  • Gross Scheduled Income: 16800.00
  • Net Operating Income: 11256.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5544.00
  • Operating Expense Percent: 33.00
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5705.01
  • Tax Lot: 13
  • Tax Tract Number: 7595

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2016
Closed on
Jan 3, 2017
Sold by
Holod George A
Bought by
Briones Michael R
Seller's Agent
Michael Robinson
Broadmoor Realty, Inc.
Buyer's Agent
Fabian Rodriguez
Grand Avenue Realty & Lending
List Price
$299,000
Sold Price
$340,000
Premium/Discount to List
$41,000
13.71%
Current Estimated Value
$598,422

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,422
Avg. Annual Appreciation
6.80%
Original Mortgage
$272,000
Interest Rate
4.16%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 20, 2013
Sold by
Umbrian Properties Llc
Bought by
Holod George A and Shih Shu Yun

Purchase Details

Closed on
Jul 17, 2006
Sold by
Polo Luis A
Bought by
Lievano Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
6.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 19, 2004
Sold by
Dorman Jack W
Bought by
Polo Luis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,700
Interest Rate
5.69%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Briones Michael R $340,000 Old Republic Title Company
Holod George A $185,000 California Title Company
Lievano Salvador $475,000 Fatcola
Polo Luis A $340,000 Diversified Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Briones Michael R $424,700
Closed Briones Michael R $350,000
Closed Briones Michael R $272,000
Previous Owner Lievano Salvador $427,500
Previous Owner Polo Luis A $360,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2017 01/27/17 Sold $340,000 +13.7% $179 / Sq Ft
12/26/2016 12/26/16 Pending -- -- --
12/20/2016 12/20/16 For Sale $299,000 -- $158 / 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 $5,381 $394,594 $290,145 $104,449
2024 $5,381 $386,857 $284,456 $102,401
2023 $5,290 $379,273 $278,879 $100,394
2022 $4,977 $371,837 $273,411 $98,426
2021 $4,870 $364,547 $268,050 $96,497
2019 $4,802 $353,736 $260,100 $93,636
2018 $4,599 $346,800 $255,000 $91,800
2016 $2,590 $191,572 $139,796 $51,776
2015 $2,493 $188,696 $137,697 $50,999
2014 $2,481 $185,000 $135,000 $50,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Michael Robinson

    Broadmoor Realty, Inc.

    (562) 857-9000

    24 Total Sales

    Michael Robinson
    Section Image
  • Gwen Kelly

    Seller Co-Listing Agent in 2017

    Gwen Kelly

    Broadmoor Realty, Inc.

    (562) 857-4936

    1 in this area

    31 Total Sales

    Gwen Kelly
    Section Image

  • F

    Buyer's Agent in 2017

    Fabian Rodriguez

    Grand Avenue Realty & Lending

    (310) 740-4874

    Fabian Rodriguez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16765977

California Regional Multiple Listing Service (CRMLS)

APN: 7118-021-011

California Los Angeles County Long Beach 90805 Nehyam

6116 Orange Ave, Long Beach, CA

This home is located at 6116 Orange Ave, Long Beach, CA 90805 since 20 December 2016 and is currently estimated at $598,422, approximately $315 per square foot. This property was built in 1949. 6116 Orange Ave is a home located in Los Angeles County with nearby schools including Grant Elementary School, Hamilton Middle School, and Jordan High School.

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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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