NOT LISTED FOR SALE

Estimated Value: $987,000 - $1,186,000

3 Beds
3 Baths
3,030 Sq Ft
$359/Sq Ft Est. Value

Last Sold September 28, 2012

Last sale price $405,000 $134 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $6,268/month

128 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • No Heating
  • Long Beach Polytechnic High School Rated A
  • Wood Siding

About This Home

As of September 2012

1930's Renovated Triplex W/Hdwd Floors, Crown Moldings, 12' Ceilings, Orig. Bthrm and Kitch Tiles, French Doors. Each Unit Has Separate Office, 1 Unit 2 Lrg Bdrms, 2 Unit One Lrg Bdrm. Three Sep. Garages W/Openers, Landscaped.

Last Agent to Sell the Property

Richard Maier

Sandpiper Realty Investments License #01263745 Listed on: 04/21/2012

Last Buyer's Agent

William Kim

Coldwell Banker Best Realty License #01344741

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 50 x 50

Parking

  • 3 Car Garage

Home Design

  • Traditional Architecture
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,030 Sq Ft Home
  • Wood Flooring

Utilities

  • No Heating

Listing and Financial Details

  • Tax Tract Number 5763
  • Assessor Parcel Number 7274015031
  • Tax Block 3

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,200
  • Maintenance Expense $600
  • Water Sewer Expense $1,800
  • New Taxes Expense $5,125
  • Gross Income $3,050
  • Net Operating Income $32,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 7.90
  • View: No
  • Water Sewer Expenses: 1800.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7274015031
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Wood
  • Appliances: No
  • Price Per Square Foot: 133.66

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 50 x 50
  • Lot Size Sq Ft: 2500.00
  • Lot Size Acres: 0.0570

Multi Family

  • Gross Income: 3050.00
  • Gross Multiplier: 11.20
  • Gross Scheduled Income: 36600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 2500.0000 Square Feet
  • Maintenance Expense: 600.00
  • Net Operating Income: 32400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 4200.00

Tax Info

  • New Taxes Expense: 5125.00
  • Tax Area: 11933
  • Tax Block: 3
  • Tax Tract Number: 5763

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2015
Sold by
Babaa Marwan
Bought by
Babaa Trust
Current Estimated Value
$1,089,238

Purchase Details

Listed on
Apr 21, 2012
Closed on
Sep 7, 2012
Sold by
Steib Vincent B
Bought by
Babaa Marwan M and Babaa Hanaa J
Seller's Agent
Richard Maier
Sandpiper Realty Investments
Buyer's Agent
William Kim
Coldwell Banker Best Realty
List Price
$410,000
Sold Price
$405,000
Premium/Discount to List
-$5,000
-1.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.75%
Original Mortgage
$277,500
Outstanding Balance
$192,200
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$897,039

Purchase Details

Closed on
Jun 5, 2012
Sold by
Omega Acquisitions Llc
Bought by
Steib Vincent B

Purchase Details

Closed on
May 2, 2007
Sold by
Steib Vincent B
Bought by
Omega Acquisitions Llc

Purchase Details

Closed on
Jun 2, 2005
Sold by
Lin Lorrie
Bought by
Steib Vincent B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 6, 2004
Sold by
Haradon Philip and Haradon Michele
Bought by
Lin Lorrie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$419,300
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2004
Sold by
Sara Llc
Bought by
Beagle Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$419,300
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 2003
Sold by
Haradon Philip and Haradon Michele
Bought by
Haradon Philip

Purchase Details

Closed on
Sep 3, 2003
Sold by
Phebus Chester W and Chester W Phebus Revocable Tru
Bought by
Haradon Philip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 4, 2003
Sold by
Phebus Chester W
Bought by
Phebus Chester W and Chester W Phebus Revocable Trust

Purchase Details

Closed on
Aug 15, 2001
Sold by
Brown Margaret G
Bought by
Phebus Chester W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Babaa Trust -- None Available
Babaa Marwan M $405,000 Fidelity National Title
Steib Vincent B -- Fidelity National Title
Omega Acquisitions Llc -- Accommodation
Steib Vincent B $650,000 Commonwealth Title
Lin Lorrie $599,000 Landwood Title Company
Beagle Robert -- Landwood Title Company
Haradon Philip -- Landwood Title Company
Haradon Philip $377,000 --
Phebus Chester W -- --
Phebus Chester W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Babaa Marwan M $277,500
Previous Owner Steib Vincent B $500,000
Previous Owner Lin Lorrie $419,300
Previous Owner Haradon Philip $278,000
Closed Lin Lorrie $119,800
Closed Steib Vincent B $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2012 09/28/12 Sold $405,000 -1.2% $134 / Sq Ft
08/27/2012 08/27/12 Pending -- -- --
04/21/2012 04/21/12 For Sale $410,000 -- $135 / 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 $6,729 $498,716 $344,794 $153,922
2024 $6,729 $488,938 $338,034 $150,904
2023 $6,613 $479,352 $331,406 $147,946
2022 $6,217 $469,954 $324,908 $145,046
2021 $6,078 $460,740 $318,538 $142,202
2019 $5,991 $447,356 $309,091 $138,265
2018 $5,815 $438,591 $303,031 $135,560
2016 $5,338 $421,293 $291,265 $130,028
2015 $5,130 $414,965 $286,890 $128,075
2014 -- $406,838 $281,271 $125,567
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P819503

California Regional Multiple Listing Service (CRMLS)

APN: 7274-015-031