NOT LISTED FOR SALE

633 E 7th St Long Beach, CA 90813

Saint Mary's Neighborhood

Estimated Value: $1,087,000 - $1,614,764

7 Beds
5 Baths
2,876 Sq Ft
$466/Sq Ft Est. Value

Last Sold April 02, 2018

Last sale price $940,000 $327 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $8,191/month

15 Days on Market

Highlights

  • 7,501 Sq Ft lot
  • Private Yard
  • Laundry Room
  • Long Beach Polytechnic High School Rated A

About This Home

As of April 2018

Location, Location!!! Four unit property located in the heart of Downtown Long Beach. The subject property is comprised of (5) separate building structures. The front building is a Huge 3-Bed, 2-Bath California Bungalow featuring a Spacious Kitchen, a Large Dining Room, Inside Laundry area adjacent to kitchen, two extra rooms that can be used as a den or as office space, and a driveway with two parking spaces. There are also (2) 2-Bed, 1-Bath Bungalows, (1) Detached Studio and (1) Detached 1-Car Garage (plus one parking space) to the rear of the property. The property boasts a tremendous Walk Score of 92, and a Bike Score of 80, most tenants can accomplish their shopping, banking, and daily errands and commutes without a car. Large Storage area attached to garage. Parking is a premium in Downtown Long Beach, so a new owner can easily charge $100 additionally per space each month for added income.

Last Agent to Sell the Property

Lilia Lopez

Realty One Group Homelink License #01242376 Listed on: 02/04/2018

Realty One Group Homelink

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 7,501 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 1 Car Garage

Home Design

  • 2,876 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Assessor Parcel Number 7274017035

Community Details

Overview

  • 5 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Insurance Expense $1,560
  • Trash Expense $600
  • Water Sewer Expense $2,400
  • New Taxes Expense $11,148
  • Operating Expense $11,678
  • Gross Income $63,000
  • Net Operating Income $40,956

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 2400.00
  • Zoning: LBCO
  • Property Type: Residential Income
  • Parcel Number: 7274017035
  • Year Built: 1913
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 326.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 7501.00

Multi Family

  • Electric Expense: 1800.00
  • Gross Income: 63000.00
  • Gross Multiplier: 14.74
  • Gross Scheduled Income: 63000.00
  • Insurance Expense: 1560.00
  • Net Operating Income: 40956.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 22044.00
  • Rent Control: No
  • Total Expenses: 11678.00

Tax Info

  • New Taxes Expense: 11148.00
  • Tax Census Tract: 5763.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2021
Sold by
Tyler Horken
Bought by
7Th Street Bungalows Llc
Current Estimated Value
$1,339,691

Purchase Details

Listed on
Feb 4, 2018
Closed on
Mar 16, 2018
Sold by
Horken Tyler
Bought by
Nguyan Camtu
Seller's Agent
Lilia Lopez
Realty One Group Homelink
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$929,000
Sold Price
$940,000
Premium/Discount to List
$11,000
1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.69%
Original Mortgage
$752,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 4, 2018
Closed on
Feb 16, 2018
Sold by
Ramirez Salvador P and Ramirez Eisa A
Bought by
Horken Tyler and Nguyen Camtu
Seller's Agent
Lilia Lopez
Realty One Group Homelink
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$929,000
Sold Price
$940,000
Premium/Discount to List
$11,000
1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$752,000
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2005
Sold by
Dobson Ronald James
Bought by
Ramirez Salvador P and Ramirez Elsa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$599,250
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 2005
Sold by
Whaling Joseph T and Whaling Colleen
Bought by
Dobson Ronald James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 11, 2003
Sold by
Whaling Richard J and Whaling Joseph T
Bought by
Whaling Joseph T and Whaling Colleen D
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
7Th Street Bungalows Llc -- None Listed On Document
Nguyan Camtu -- Old Republic Title Company
Horken Tyler -- Old Republic Title Company
Horken Tyler $940,000 Old Republic Title Company
Ramirez Salvador P $800,000 Ticor Title Fullerton
Dobson Ronald James $640,000 --
Whaling Joseph T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Horken Tyler $752,000
Previous Owner Ramirez Salvador P $599,250
Previous Owner Dobson Ronald James $480,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2018 04/02/18 Sold $940,000 +1.2% $327 / Sq Ft
02/19/2018 02/19/18 Pending -- -- --
02/04/2018 02/04/18 For Sale $929,000 -- $323 / 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 $14,065 $1,069,554 $750,965 $318,589
2024 $14,065 $1,048,584 $736,241 $312,343
2023 $16,518 $1,244,400 $734,400 $510,000
2022 $12,988 $1,007,867 $707,652 $300,215
2021 $12,724 $988,106 $693,777 $294,329
2020 $12,692 $977,976 $686,664 $291,312
2019 $12,544 $958,800 $673,200 $285,600
2018 $9,518 $725,000 $517,700 $207,300
2016 $7,526 $590,000 $421,300 $168,700
2015 $6,995 $560,000 $399,900 $160,100
2014 $5,608 $430,000 $307,100 $122,900
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Lilia Lopez

    Realty One Group Homelink

    (562) 216-1021

    10 Total Sales

    Lilia Lopez
    Section Image
  • Anthony Walker

    Buyer's Agent in 2018

    Anthony Walker

    Buckingham Investments, Inc

    (310) 982-7055

    6 in this area

    90 Total Sales

    Anthony Walker
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18027027

California Regional Multiple Listing Service (CRMLS)

APN: 7274-017-035

California Los Angeles County Long Beach 90802 Saint Mary's

633 E 7th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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