NOT LISTED FOR SALE

633 E 6th St Long Beach, CA 90802

East Village Neighborhood

Estimated Value: $1,077,070 - $1,524,000

5 Beds
4 Baths
2,855 Sq Ft
$447/Sq Ft Est. Value

Last Sold August 19, 2016

Last sale price $665,000 $233 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $7,647/month

53 Days on Market

Highlights

  • 7,496 Sq Ft lot
  • Long Beach Polytechnic High School Rated A
  • Laundry Room

About This Home

As of August 2016

Prime Investment Opportunity in Downtown Long Beach! Close to entertainment, shopping, restaurants and only 6 blocks to the beach!! Front house with 2 units in back! Front house is a 3bed/2bath recently remodeled and 2 units in back are 1 bed/1bath. 2 garages and HUGE backyard plus driveway for additional parking for back units.! Perfect for owner user OR investment opportunity. Rents are low with long term tenants- room to increase!! 2 back units on Month-Month leases. Priced to sell at a 5.7 CAP!

Last Agent to Sell the Property

Kristina Moore

The Moore Group License #01926377 Listed on: 05/14/2016

Last Buyer's Agent

Hamid Pashaee

Hamid Pashaee, Broker License #01318945

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 7,496 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 2,855 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 26
  • Tax Tract Number 57
  • Assessor Parcel Number 7274018040

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $777
  • Gross Income $4,000
  • Net Operating Income $32,640

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • CapRate: 5.40
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7274018040
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 232.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7496.00
  • Price Per Lot Square Foot: 88.71

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4000.00
  • Gross Multiplier: 14.50
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 777.00
  • Net Operating Income: 32640.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 15360.00
  • Rent Control: No
  • Total Actual Rent: 4000.00

Tax Info

  • Tax Lot: 26
  • Tax Tract Number: 57

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2017
Sold by
Nikolaou Anastasios Chris and Nikolaou Ginnie
Bought by
Ginnie Nikolaou Anastasios Chris and Ginnie Nikulaou
Current Estimated Value
$1,276,268

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,600
Outstanding Balance
$438,354
Interest Rate
3.91%
Mortgage Type
New Conventional
Estimated Equity
$837,914

Purchase Details

Closed on
Dec 22, 2016
Sold by
Hajlan Morteza and Kazemi Sonia
Bought by
Nikolaou Anastasios and Cordon Ginnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,250
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 14, 2016
Closed on
Jul 1, 2016
Sold by
Dhiman Jaipal
Bought by
Hajian Morteza and Kazemi Sonia
Seller's Agent
Kristina Moore
The Moore Group
Buyer's Agent
Hamid Pashaee
Hamid Pashaee, Broker
List Price
$699,000
Sold Price
$665,000
Premium/Discount to List
-$34,000
-4.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.22%
Original Mortgage
$365,750
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 13, 2011
Sold by
Youngerman Nancy
Bought by
Arteaga Hector and Arteaga Sara Ellison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,549
Interest Rate
4.09%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 24, 2002
Sold by
Rizi H Roger and Rizi Shahla
Bought by
L B S P Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.39%

Purchase Details

Closed on
Jun 12, 2002
Sold by
L B S P Rentals Llc
Bought by
Dhiman Jaipal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.39%

Purchase Details

Closed on
Nov 26, 1999
Sold by
Rizi H Roger and Rizi Shahla
Bought by
L B S P Rentals Lc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ginnie Nikolaou Anastasios Chris -- Usa National Title
Nikolaou Anastasios $726,500 Old Republic Title
Hajian Morteza $665,000 Old Republic Title Company
Arteaga Hector $215,000 North American Title Company
L B S P Rentals Llc -- North American Title Co
Dhiman Jaipal $275,000 North American Title Co
L B S P Rentals Lc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ginnie Nikolaou Anastasios Chris $528,600
Closed Nikolaou Anastasios $524,250
Previous Owner Hajian Morteza $365,750
Previous Owner Arteaga Hector $209,549
Previous Owner Dhiman Jaipal $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2016 08/19/16 Sold $665,000 -4.9% $233 / Sq Ft
07/06/2016 07/06/16 Pending -- -- --
05/14/2016 05/14/16 For Sale $699,000 -- $245 / 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 $11,520 $842,765 $591,896 $250,869
2024 $11,031 $826,241 $580,291 $245,950
2023 $10,847 $810,041 $568,913 $241,128
2022 $10,192 $794,158 $557,758 $236,400
2021 $9,984 $778,587 $546,822 $231,765
2020 $9,958 $771,145 $541,216 $229,929
2019 $9,843 $756,036 $530,604 $225,432
2018 $9,495 $741,223 $520,200 $221,023
2016 $4,390 $336,443 $137,022 $199,421
2015 $4,222 $331,390 $134,964 $196,426
2014 $4,208 $324,900 $132,321 $192,579
Source: Public Records

Agents Affiliated with this Home

  • Kristina Moore

    Seller's Agent in 2016

    Kristina Moore

    The Moore Group

    (714) 809-7608

    26 Total Sales

    Kristina Moore
    Section Image

  • H

    Buyer's Agent in 2016

    Hamid Pashaee

    Hamid Pashaee, Broker

    (949) 254-4042

    11 Total Sales

    Hamid Pashaee
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16103335

California Regional Multiple Listing Service (CRMLS)

APN: 7274-018-040

California Los Angeles County Long Beach 90802 East Village

633 E 6th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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