NOT LISTED FOR SALE

Estimated Value: $1,138,000 - $1,181,000

7 Beds
4 Baths
3,335 Sq Ft
$349/Sq Ft Est. Value

Last Sold February 04, 2014

Last sale price $520,000 $156 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $7,041/month

21 Days on Market

Highlights

  • Open Floorplan
  • Property is near public transit
  • No HOA
  • Contemporary Architecture
  • Main Floor Primary Bedroom
  • 5 Car Direct Access Garage

About This Home

As of February 2014

Very Spacious Triplex with 5 Garages. Two-Two Bedroom and One Three Bedroom Units.

Last Agent to Sell the Property

Elaine Hutchison

John Read Realty License #00278514 Listed on: 12/02/2013

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,414

Year Built

  • Built in 1978

Lot Details

  • 4,935 Sq Ft Lot
  • 1 Common Wall
  • Paved or Partially Paved Lot
  • Level Lot

Parking

  • 5 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Side by Side Parking
  • Driveway
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Flat Roof Shape
  • Slab Foundation
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,335 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Window Screens
  • Living Room
  • Living Room Balcony
  • Storage
  • Carpet

Kitchen

  • Built-In Range
  • Formica Countertops
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Termite Clearance

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Hot Water Circulator
  • Gas Water Heater
  • Central Water Heater

Additional Features

  • No Interior Steps
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, trash collection
  • Legal Lot and Block 10 / G
  • Tax Tract Number 7595
  • Assessor Parcel Number 7118021028

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $1,141
  • Gardener Expense $600
  • Insurance Expense $1,200
  • Pest Control $442
  • Professional Management Expense $2,669
  • Trash Expense $931
  • Water Sewer Expense $1,080
  • New Taxes Expense $5,390
  • Gross Income $3,795
  • Net Operating Income $14,265

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,414

Year Built

Built in 1978

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 2669.00
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1080.00
  • Zoning: LBR2N
  • Architectural Style: Contemporary
  • Property Condition: Termite Clearance
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7118021028
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-in Features, Formica Counters, Living Room Balcony, Open Floorplan, Storage, Unfurnished
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 155.92
  • Room Type: Living Room, Main Floor Bedroom, Main Floor Master Bedroom
  • Window Features: Screens

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Concrete, Driveway, Garage Faces Front, Direct Garage Access, Garage, On Site, Side by Side
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Disposal, Gas Water Heater, Hot Water Circulator, Water Heater Central
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 442.00
  • Trash Expense: 931.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains, Suburban

Lot Info

  • Lot Features: Level, Level with Street, Paved, Near Public Transit
  • Lot Size Sq Ft: 4935.00
  • Lot Size Acres: 0.1130

Rental Info

  • Tenant Pays: Cable TV, Electricity, Trash Collection

Multi Family

  • Average2 Bed Area: 1000
  • Average3 Bed Area: 1100
  • Electric Expense: 1141.00
  • Gross Income: 3795.00
  • Gross Scheduled Income: 45540.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 4935.0000 Square Feet
  • Net Operating Income: 14265.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Operating Expense: 29000.00
  • Rent Control: No
  • Total Actual Rent: 3795.00
  • Vacancy Allowance: 2275
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 5390.00
  • Tax Area: 4992
  • Tax Block: G
  • Tax Lot: 10
  • Tax Tract Number: 7595
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2013
Sold by
Martinez Miguel A and Martinez Linda J
Bought by
Amador Adalberto S
Current Estimated Value
$1,163,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$542,865
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2005
Sold by
Martinez Miguel A and Martinez Linda J
Bought by
Martinez Miguel A and Martinez Linda J

Purchase Details

Closed on
Oct 5, 2004
Sold by
Alvis James & Shirley Mae Andrews Family
Bought by
Martinez Miguel A and Martinez Linda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 1996
Sold by
Andrews Alvis James and Andrews Shirley Mae
Bought by
Andrews Alvis James and Andrews Shirley Mae
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
Amador Adalberto S $520,000 Lawyers Title
Martinez Miguel A -- --
Martinez Miguel A $569,000 Fidelity National Title
Andrews Alvis James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Amador Adalberto S $542,865
Previous Owner Martinez Miguel A $280,000
Previous Owner Andrews Alvis James $123,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2014 02/04/14 Sold $520,000 -3.5% $156 / Sq Ft
11/07/2013 11/07/13 Pending -- -- --
10/17/2013 10/17/13 For Sale $539,000 -- $162 / 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 $8,414 $637,436 $171,615 $465,821
2024 $8,414 $624,938 $168,250 $456,688
2023 $8,271 $612,685 $164,951 $447,734
2022 $7,774 $600,672 $161,717 $438,955
2021 $7,604 $588,896 $158,547 $430,349
2019 $7,493 $571,432 $153,846 $417,586
2018 $7,232 $560,229 $150,830 $409,399
2016 $6,638 $538,476 $144,974 $393,502
2015 $6,376 $530,389 $142,797 $387,592
2014 $7,862 $646,999 $259,254 $387,745
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13220857

California Regional Multiple Listing Service (CRMLS)

APN: 7118-021-028