NOT LISTED FOR SALE

Estimated Value: $766,000 - $1,161,606

3 Beds
3 Baths
2,177 Sq Ft
$460/Sq Ft Est. Value

Last Sold March 01, 2018

Last sale price $709,000 $326 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $6,242/month

27 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Wall Furnace
  • Lawn

About This Home

As of March 2018

Very Nice units in North Long Beach Area. Four units total, each with one bedroom, one bath. 63-65 W 48th St. 2 duplexes, side by side, each duplex has a 2 car garage. Units have been well maintained. Private yard. Excellent curb appeal.

Last Agent to Sell the Property

Carlene Zamora

Century 21 Jervis & Associates License #01715319 Listed on: 12/19/2017

Century 21 Jervis & Associates

Last Buyer's Agent

Ryan Oca

Creative Property Group License #01491055

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 7,383 Sq Ft Lot
  • No Units Above
  • 1 Common Wall
  • Lawn
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 2,177 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 196
  • Tax Tract Number 3554
  • Assessor Parcel Number 7133031011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $2,196
  • Water Sewer Expense $1,080
  • New Taxes Expense $9,237
  • Operating Expense $4,236
  • Gross Income $46,620
  • Net Operating Income $42,384

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

7,383 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1080.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7133031011
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall, No One Above
  • Levels: One
  • Price Per Square Foot: 325.68

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lawn
  • Lot Size Sq Ft: 7383.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 46620.00
  • Gross Scheduled Income: 46620.00
  • Insurance Expense: 2196.00
  • Net Operating Income: 42384.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 4236.00
  • Rent Control: No
  • Total Actual Rent: 3885.00
  • Total Expenses: 4236.00

Tax Info

  • New Taxes Expense: 9237.00
  • Tax Census Tract: 5717.01
  • Tax Lot: 196
  • Tax Tract Number: 3554

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2017
Closed on
Feb 15, 2018
Sold by
Maldonado Jorge A
Bought by
Oca Homes Group Llc
Seller's Agent
Carlene Zamora
Century 21 Jervis & Associates
Buyer's Agent
Ryan Oca
Creative Property Group
List Price
$739,000
Sold Price
$709,000
Premium/Discount to List
-$30,000
-4.06%
Current Estimated Value
$1,001,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,902
Avg. Annual Appreciation
4.37%

Purchase Details

Closed on
Jul 5, 2006
Sold by
Putman Gary and Putman Diane
Bought by
Maldonado Jorge A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$571,500
Interest Rate
2.25%
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
Oca Homes Group Llc $709,000 Usa National Title Co
Maldonado Jorge A $635,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maldonado Jorge A $571,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2018 03/01/18 Sold $709,000 -4.1% $326 / Sq Ft
12/19/2017 12/19/17 For Sale $739,000 -- $339 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,651 $806,716 $408,478 $398,238
2024 $10,651 $790,899 $400,469 $390,430
2023 $10,469 $775,392 $392,617 $382,775
2022 $9,836 $760,189 $384,919 $375,270
2021 $9,635 $745,284 $377,372 $367,912
2019 $9,499 $723,180 $366,180 $357,000
2018 $8,350 $640,000 $400,000 $240,000
2016 $7,052 $560,000 $330,000 $230,000
2015 $6,195 $500,000 $295,000 $205,000
2014 $6,280 $500,000 $295,000 $205,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17277524

California Regional Multiple Listing Service (CRMLS)

APN: 7133-031-011

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