NOT LISTED FOR SALE

Estimated Value: $868,463 - $1,078,000

5 Beds
2 Baths
2,062 Sq Ft
$462/Sq Ft Est. Value

Last Sold February 28, 2017

Last sale price $636,000 $308 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $6,006/month

107 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Corner Lot
  • Living Room
  • Modern Architecture
  • No HOA
  • More Than Two Accessible Exits

About This Home

As of February 2017

Help!!! Bring Us A Offer !!!
Duplex-Live For Free in one of the unit and rent the other unit out, Let your new home pay for itself. Beautiful quiet area Front unit location on Poinsettia - 3 Bedroom 1 Bathroom with 1 car garage, side home location on Walnut - 2 Bedroom 1 Bathroom with 1 car garage. Each unit is separate from each other. A Must see. Both unit together generate about $4000 a month in Rent.
Easy access to (4) freeway: 91,710,405, and the 605.

Last Agent to Sell the Property

Diane Thomas

Berkshire Hathaway Home Srvs License #01474516 Listed on: 08/21/2016

Berkshire Hathaway Home Srvs

Last Buyer's Agent

George John

CURB License #01889679

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,489

Year Built

  • Built in 1931

Lot Details

  • 6,125 Sq Ft Lot
  • No Common Walls
  • Brick Fence
  • Corner Lot
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Modern Architecture
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,062 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Carpet

Kitchen

  • Built-In Range
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating
  • Septic Type Unknown

Additional Features

  • More Than Two Accessible Exits
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 6125
  • Tax Tract Number 6990
  • Assessor Parcel Number 7114021047

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $870
  • Operating Expense $13,565
  • Gross Income $14,000
  • Net Operating Income $14,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,489

Year Built

Built in 1931

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Other Phone Description: 562-552-6149
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR2N
  • Architectural Style: Modern
  • Property Type: Residential Income
  • Parcel Number: 7114021047
  • Year Built: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Unfurnished
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 308.44
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Brick
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Appliances: Built-In Range, Disposal, Gas Cooktop, Refrigerator
  • Heating Type: Central
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot
  • Lot Size Sq Ft: 6125.00
  • Price Per Lot Square Foot: 114.29

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 14000.00
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 870.00
  • Net Operating Income: 14000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 38000.00
  • Rent Control: No
  • Total Expenses: 13565.00

Tax Info

  • Tax Lot: 6125
  • Tax Tract Number: 6990

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2016
Closed on
Feb 21, 2017
Sold by
Parker Ruby
Bought by
Patil Ashok K and Patil Manjubala A
Seller's Agent
Diane Thomas
Berkshire Hathaway Home Srvs
Buyer's Agent
George John
CURB
List Price
$644,000
Sold Price
$636,000
Premium/Discount to List
-$8,000
-1.24%
Current Estimated Value
$952,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$316,616
Avg. Annual Appreciation
4.90%
Original Mortgage
$416,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2007
Sold by
Jft Investments
Bought by
Parker Ruby

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 2007
Sold by
Parker Roosevelt
Bought by
Parker Ruby

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 19, 2006
Sold by
Franson Edna
Bought by
Franson John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,000
Interest Rate
10.27%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 13, 2006
Sold by
Zagarella Joanne and Zagarella Family Trust
Bought by
Franson John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,000
Interest Rate
10.27%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 14, 2006
Sold by
Zagarella Philip J
Bought by
Zagarella Joanne and Zagarella Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,000
Interest Rate
10.27%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 7, 2003
Sold by
Zagarella Tana and Zagarella Gaetana
Bought by
Zagarella Gaetana and Zagarella Family Trust
Source: Public Records

Range of Values:

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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
Patil Ashok K $636,000 Lawyers Title
Parker Ruby $675,000 Fidelity National Title
Parker Ruby -- Fidelity National Title
Franson John -- Commonwealth
Franson John $540,000 Commonwealth
Zagarella Joanne -- First American Title Co
Zagarella Philip J -- First American Title Co
Zagarella Gaetana -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patil Ashok K $411,000
Closed Patil Ashok K $416,000
Previous Owner Parker Ruby $506,250
Previous Owner Franson John $486,000
Previous Owner Zagarella Philip J $31,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2017 02/28/17 Sold $636,000 -1.2% $308 / Sq Ft
12/20/2016 12/20/16 For Sale $644,000 0.0% $312 / Sq Ft
12/06/2016 12/06/16 Pending -- -- --
10/21/2016 10/21/16 Price Changed $644,000 -3.2% $312 / Sq Ft
09/15/2016 09/15/16 Price Changed $665,000 -5.0% $323 / Sq Ft
08/26/2016 08/26/16 Pending -- -- --
08/21/2016 08/21/16 For Sale $700,000 -- $339 / 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 $9,489 $738,128 $389,955 $348,173
2024 $9,489 $723,656 $382,309 $341,347
2023 $9,331 $709,467 $374,813 $334,654
2022 $8,761 $695,557 $367,464 $328,093
2021 $8,586 $681,919 $360,259 $321,660
2020 $8,564 $674,927 $356,565 $318,362
2019 $8,464 $661,694 $349,574 $312,120
2018 $8,200 $648,720 $342,720 $306,000
2016 $5,707 $465,000 $290,000 $175,000
2015 $4,995 $415,000 $260,000 $155,000
2014 $5,059 $415,000 $260,000 $155,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16186244

California Regional Multiple Listing Service (CRMLS)

APN: 7114-021-047