NOT LISTED FOR SALE

624 W 8th St Long Beach, CA 90813

Willmore Neighborhood

Estimated Value: $1,109,000 - $1,374,088

2 Beds
1 Bath
3,558 Sq Ft
$361/Sq Ft Est. Value

Last Sold April 15, 2016

Last sale price $710,000 $200 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $7,951/month

134 Days on Market

About This Home

As of April 2016

BACK ON THE MARKET; BUYER COULDN'T PERFORM. The property consists of (4) Two Bedroom, One Bathroom units, averaging 890 square feet. Each unit is individually metered for electricity and gas, and features washer/dryer hookups.

Last Agent to Sell the Property

Damien Breaux

Morgan Skenderian License #01460301 Listed on: 10/20/2015

Last Buyer's Agent

Lucille Alves

C-21 Astro License #01845204

C-21 Astro

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,051

Year Built

  • Built in 1924

Lot Details

  • 2,756 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot
  • Density is 2-5 Units/Acre

Parking

  • On-Street Parking

Home Design

  • 3,558 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Additional Features

  • Rain Gutters
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 7 / K
  • Assessor Parcel Number 7271023029

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $300
  • Insurance Expense $1,245
  • Maintenance Expense $3,839
  • Other Expense $500
  • Trash Expense $1,032
  • Water Sewer Expense $1,032
  • New Taxes Expense $8,686
  • Gross Income $4,570
  • Net Operating Income $36,561

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,051

Year Built

Built in 1924

Lot Details

0

Listing Details

  • CapRate: 5.10
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Water Sewer Expenses: 1032.00
  • Property Type: Residential Income
  • Gardener Expense: 300.00
  • Parcel Number: 7271023029
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 199.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1032.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Urban

Lot Info

  • Lot Features: 2-5 Units/Acre, Corner Lot
  • Lot Size Sq Ft: 2756.00
  • Price Per Lot Square Foot: 257.62
  • Lot Size Acres: 0.0630

Multi Family

  • Gross Income: 4570.00
  • Gross Multiplier: 12.95
  • Gross Scheduled Income: 54840.00
  • Insurance Expense: 1245.00
  • Lot Size Area: 2756.0000 Square Feet
  • Maintenance Expense: 3839.00
  • Net Operating Income: 36561.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 16634.00
  • Operating Expense Percent: 30.30
  • Other Expense: 500.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Vacancy Allowance: 1645
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 8686.00
  • Tax Block: K
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2015
Closed on
Mar 10, 2016
Sold by
Bailey Joseph W
Bought by
Pino Evan
Seller's Agent
Damien Breaux
Morgan Skenderian
Buyer's Agent
Lucille Alves
C-21 Astro
List Price
$725,000
Sold Price
$710,000
Premium/Discount to List
-$15,000
-2.07%
Current Estimated Value
$1,284,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$574,022
Avg. Annual Appreciation
6.56%
Original Mortgage
$697,140
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 10, 2010
Sold by
Ortega Daniel
Bought by
Bailey Joseph W and Bailey Ryan D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,750
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2005
Sold by
Encarnacion Efren Adrian M
Bought by
Ortega Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$561,750
Interest Rate
2.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 15, 2004
Sold by
Washburn Investments Inc
Bought by
Encarnacion Efren Adrian M and Encarnacion Kimberly Ward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,400
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2004
Sold by
Washburn Anderson L
Bought by
Washburn Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,400
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 7, 2004
Sold by
Washburn Anderson L
Bought by
Washburn Investment Inc

Purchase Details

Closed on
Dec 4, 2003
Sold by
Washburn Delores Lavonne
Bought by
Washburn Anderson L

Purchase Details

Closed on
Nov 13, 2003
Sold by
Katz Leon R
Bought by
Washburn Anderson L

Purchase Details

Closed on
Jun 2, 2003
Sold by
Advanced Financial Network Inc
Bought by
Katz Leon R

Purchase Details

Closed on
Feb 3, 2001
Sold by
Arroyo Cesar
Bought by
Reyes Luis

Purchase Details

Closed on
Oct 26, 2000
Sold by
Garcia Jehu
Bought by
Garcia Frieda

Purchase Details

Closed on
Jul 27, 2000
Sold by
Meigs Edward B
Bought by
Arroyo Cesar and Reyes Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,525
Interest Rate
7.89%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 15, 1998
Sold by
Meigs Gillian
Bought by
Meigs Edward B
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
Pino Evan $710,000 Fntg
Bailey Joseph W $465,000 North American Title Company
Bailey Ryan D -- North American Title Company
Bailey Joseph W -- North American Title Company
Ortega Daniel $749,000 Equity Title Company
Encarnacion Efren Adrian M $663,000 --
Washburn Investments Inc -- Commonwealth Land Title Co
Washburn Investment Inc -- --
Washburn Anderson L -- Commonwealth
Washburn Anderson L $480,000 Commonwealth Land Title Co
Katz Leon R -- --
Reyes Luis -- --
Garcia Frieda -- United Title Company
Arroyo Cesar $299,000 United Title Company
Meigs Edward B -- Fidelity National Title Ins
Harding David A -- Fidelity Title
Meigs Edward B $157,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pino Evan $770,000
Closed Pino Evan $784,000
Closed Pino Evan $778,500
Closed Pino Evan $766,000
Closed Pino Evan $766,000
Closed Pino Evan $692,000
Closed Pino Evan $697,140
Previous Owner Bailey Joseph W $348,750
Previous Owner Ortega Daniel $561,750
Previous Owner Encarnacion Efren Adrian M $530,400
Previous Owner Arroyo Cesar $296,525
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2016 04/15/16 Sold $710,000 -2.1% $200 / Sq Ft
03/02/2016 03/02/16 Pending -- -- --
10/20/2015 10/20/15 For Sale $725,000 -- $204 / 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 $11,051 $840,490 $544,543 $295,947
2024 $11,051 $824,011 $533,866 $290,145
2023 $10,862 $807,855 $523,399 $284,456
2022 $10,202 $792,016 $513,137 $278,879
2021 $9,984 $776,487 $503,076 $273,411
2019 $9,841 $753,877 $488,155 $265,722
2018 $9,584 $739,104 $478,584 $260,520
2016 $6,417 $503,249 $351,734 $151,515
2015 $6,168 $495,691 $346,451 $149,240
2014 $6,140 $485,982 $339,665 $146,317
Source: Public Records

Agents Affiliated with this Home

  • Damien Breaux

    Seller's Agent in 2016

    Damien Breaux

    Morgan Skenderian

    (949) 584-0503

    40 Total Sales

    Section Image
  • Lucille Alves

    Buyer's Agent in 2016

    Lucille Alves

    C-21 Astro

    (562) 843-6140

    41 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15229187

California Regional Multiple Listing Service (CRMLS)

APN: 7271-023-029

California Los Angeles County Long Beach 90813 Willmore

624 W 8th St, Long Beach, CA

This home is located at 624 W 8th St, Long Beach, CA 90813 since 20 October 2015 and is currently estimated at $1,284,022, approximately $360 per square foot. This property was built in 1924. 624 W 8th St is a home located in Los Angeles County with nearby schools including Edison Elementary School, Washington Middle School, and Juan Rodriguez Cabrillo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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