NOT LISTED FOR SALE

Estimated Value: $609,000 - $753,000

3 Beds
2 Baths
1,368 Sq Ft
$493/Sq Ft Est. Value

Last Sold April 19, 2017

Last sale price $399,950 $292 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $4,018/month

4 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Spanish Architecture
  • Double Pane Windows
  • Long Beach Polytechnic High School Rated A
  • No HOA
  • 3-minute walk to NAACP Freedom Park

About This Home

As of April 2017

Absolutely charming Spanish duplex for owner user or as an investment. Wrought iron gates, decorative lanterns, custom ceramic tiles, red tile roof accents plus graceful archways create an ambiance of ageless beauty. Each unit features upgraded kitchen with granite counters and wood cabinets, skylit bathrooms, beautiful floors and individual laundry rooms with hook ups. Unit 623 has 1 bedroom, unit 625 includes a garage that is currently configured as part storage, and a non-permitted bedroom and ¾ bath, giving that unit 2 bedrooms and 2 baths. 625 also has 1 off street gated parking. Newly landscaped with automatic sprinklers and lots of flowers, this is truly a sweet investment property! Long term tenants, over 4 years.

Last Agent to Sell the Property

Kathy Shasha

Coldwell Banker Realty License #00911654 Listed on: 03/25/2017

Coldwell Banker Realty

Last Buyer's Agent

Marco Pirozzolo

Vista Sotheby's International Realty License #01918280

Vista Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 2,722 Sq Ft Lot
  • 1 Common Wall
  • South Facing Home
  • Landscaped
  • Sprinkler System

Home Design

  • Duplex
  • Spanish Architecture
  • Stucco

Interior Spaces

  • 1,368 Sq Ft Home
  • Double Pane Windows
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 24
  • Tax Tract Number 3395
  • Assessor Parcel Number 7211008026

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,600
  • Trash Expense $540
  • Water Sewer Expense $540
  • New Taxes Expense $4,999
  • Operating Expense $7,679
  • Gross Income $23,700
  • Net Operating Income $19,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 540.00
  • Zoning: LBR1N
  • Architectural Style: Spanish
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7211008026
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 292.36
  • Room Type: All Bedrooms Down
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Pool Private: No
  • Construction Materials: Stucco

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Sprinkler System
  • Lot Size Sq Ft: 2722.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 23700.00
  • Gross Scheduled Income: 23700.00
  • Insurance Expense: 1600.00
  • Net Operating Income: 19800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 3900.00
  • Rent Control: No
  • Total Actual Rent: 1975.00
  • Total Expenses: 7679.00

Tax Info

  • New Taxes Expense: 4999.00
  • Tax Census Tract: 5732.01
  • Tax Lot: 24
  • Tax Tract Number: 3395

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2017
Closed on
Apr 17, 2017
Sold by
Farrage Tom
Bought by
Farrage Violetta
Seller's Agent
Kathy Shasha
Coldwell Banker Realty
Buyer's Agent
Marco Pirozzolo
Vista Sotheby's International Realty
List Price
$399,950
Sold Price
$399,950
Current Estimated Value
$674,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,373
Avg. Annual Appreciation
6.20%

Purchase Details

Listed on
Mar 25, 2017
Closed on
Apr 5, 2017
Sold by
Schwendener Alan E
Bought by
Farrage Violetta
Seller's Agent
Kathy Shasha
Coldwell Banker Realty
Buyer's Agent
Marco Pirozzolo
Vista Sotheby's International Realty
List Price
$399,950
Sold Price
$399,950

Purchase Details

Listed on
Dec 15, 2016
Closed on
Jan 2, 2017
Sold by
Lei Wan Lian
Bought by
Schwendener Alan E and Schwendener Christine R
Seller's Agent
Tony Lao
HUNTINGTON REALTY GROUP CO.
Buyer's Agent
Tony Lao
HUNTINGTON REALTY GROUP CO.
List Price
$299,000
Sold Price
$312,000
Premium/Discount to List
$13,000
4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
150.87%

Purchase Details

Closed on
Apr 16, 2010
Sold by
Fannie Mae
Bought by
Lei Wan Lian

Purchase Details

Closed on
Sep 21, 2009
Sold by
Zaragoza Beatriz
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 5, 2007
Sold by
Ledbetter Bernice and East 23Rd Street Trust
Bought by
Zaragoza Beatriz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,800
Interest Rate
7.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2006
Sold by
Olson Walter James
Bought by
Ledbetter Bernice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
6.16%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 7, 2006
Sold by
Garcia Mericia
Bought by
Olson Walter James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
6.16%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 7, 2003
Sold by
Arreola Alicia
Bought by
Garcia Mericia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,600
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Farrage Violetta -- Lawyers Title Company
Farrage Violetta $400,000 Lawyers Title Company
Schwendener Alan E $312,000 Lawyer Title Insurance Corp
Lei Wan Lian $155,000 Lawyers Title Sd
Federal National Mortgage Association $414,249 Landsafe Title
Zaragoza Beatriz $463,500 Fidelity National Title Co
Ledbetter Bernice -- Accommodation
Olson Walter James -- Fidelity Long Beach
Olson Walter James $350,000 Fidelity Long Beach
Garcia Mericia $222,000 Ticor Title Company
Garcia Mericia -- Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zaragoza Beatriz $370,800
Previous Owner Olson Walter James $52,500
Previous Owner Olson Walter James $280,000
Previous Owner Garcia Mericia $177,600
Closed Garcia Mericia $44,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/19/2017 04/19/17 Sold $399,950 0.0% $292 / Sq Ft
03/29/2017 03/29/17 Pending -- -- --
03/25/2017 03/25/17 For Sale $399,950 +28.2% $292 / Sq Ft
01/10/2017 01/10/17 Sold $312,000 +4.3% $228 / Sq Ft View Prior Sale
12/15/2016 12/15/16 For Sale $299,000 -- $219 / 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 $5,823 $464,228 $232,114 $232,114
2024 $5,823 $455,126 $227,563 $227,563
2023 $5,730 $446,202 $223,101 $223,101
2022 $5,379 $437,454 $218,727 $218,727
2021 $5,275 $428,878 $214,439 $214,439
2020 $5,261 $424,482 $212,241 $212,241
2019 $5,200 $416,160 $208,080 $208,080
2018 $5,036 $408,000 $204,000 $204,000
2016 $2,044 $169,008 $87,231 $81,777
2015 $1,963 $166,470 $85,921 $80,549
2014 $1,961 $163,210 $84,238 $78,972
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17062065

California Regional Multiple Listing Service (CRMLS)

APN: 7211-008-026