NOT LISTED FOR SALE

638 E 7th St Long Beach, CA 90813

East Village Neighborhood

Estimated Value: $1,232,000 - $1,309,000

12 Beds
5 Baths
4,160 Sq Ft
$306/Sq Ft Est. Value

Sale Details

Date Sold: October 16, 2012

Last sale price $590,000 $142 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $7,694 / mo

58 Days on Market

Highlights

  • 0.07 Acre Lot
  • Traditional Architecture
  • No Heating
  • Long Beach Polytechnic High School Rated A

About This Home

As of October 2012

***GREAT OPPORTUNITY TO OWN THIS FOURPLEX IN DOWNTOWN LONG BEACH*** Unit 640: downstairs unit with living room entrance; dining and kitchen combination with gas BIRO, venthood, disposal; hallway off living gives access to full bathroom. Unit 642: located upstairs with gas wall furnace; 3 bedrooms off of hall with a full bathroom; master bedroom has a private full bathroom; dining area with kitchen combination. Unit 644: downstairs unit has a liing room entry with dining area and kitchen combination with double sink, disposal, venthood; hallway opens to 3 bedrooms and full bathroom with bath tub and shower combination. Unit 638: (seperate building) has living room entry with dining area and kitchen combination with Formica countertops, disposal, vent hood, hallway with gas wall furnace opens to 2 bedrooms and a full bathroom. Rent's are taken from Section 8 rents and are for example purposes only. On street parking.

Last Agent to Sell the Property

Laura Roman

Boardwalk Properties License #00458210 Listed on: 07/10/2012

Last Buyer's Agent

Nicolai Glazer

Pacific Sotheby's Int'l Realty License #01857997

Pacific Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 2,997 Sq Ft Lot
  • Lot Dimensions are 60x50

Home Design

  • 4,160 Sq Ft Home
  • Traditional Architecture
  • Stucco

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 5 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Legal Lot and Block 3 / 46
  • Assessor Parcel Number 7274018024

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $11,346
  • Gross Income $7,209
  • Net Operating Income $69,206

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

2,997 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 16.48
  • View: No
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7274018024
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 141.83

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 60x50
  • Lot Size Sq Ft: 2997.00
  • Lot Size Acres: 0.0690

Multi Family

  • Gross Income: 7209.00
  • Gross Multiplier: 4.85
  • Gross Scheduled Income: 86508.00
  • Lot Size Area: 2997.0000 Square Feet
  • Net Operating Income: 69206.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 17302.00

Tax Info

  • New Taxes Expense: 11346.00
  • Tax Area: 11933
  • Tax Block: 46
  • Tax Lot: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2012
Closed on
Oct 10, 2012
Sold by
Bought by
Seller's Agent
Laura Roman
Boardwalk Properties
Buyer's Agent
Nicolai Glazer
Pacific Sotheby's Int'l Realty
List Price
$419,900
Sold Price
$590,000
Premium/Discount to List
$170,100
40.51%
Current Estimated Value
$1,275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$685,000
Avg. Annual Appreciation
5.77%

Purchase Details

Closed on
Dec 22, 2011
Sold by
Bought by

Purchase Details

Closed on
Sep 19, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 6, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,050
Interest Rate
6.16%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 17, 2004
Sold by
Bought by

Purchase Details

Closed on
Jan 28, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,600
Interest Rate
5.83%

Purchase Details

Closed on
Jan 15, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,600
Interest Rate
5.83%

Purchase Details

Closed on
Jun 5, 2002
Sold by
Bought by

Purchase Details

Closed on
May 20, 2002
Sold by
Bought by

Purchase Details

Closed on
May 14, 2002
Sold by
Bought by

Purchase Details

Closed on
Apr 25, 2002
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
7.09%

Purchase Details

Closed on
Sep 30, 1999
Sold by
Bought by

Purchase Details

Closed on
Jul 29, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,299
Interest Rate
6.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 16, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,299
Interest Rate
6.9%
Mortgage Type
FHA

Purchase Details

Closed on
May 8, 1998
Sold by
Bought by

Purchase Details

Closed on
Apr 24, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,574
Interest Rate
7.98%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 23, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,574
Interest Rate
7.98%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 27, 1995
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$590,000 Ticor Title Riverside
$818,829 Servicelink
$915,000 First American Title Co
-- Commonwealth Land Title Co
$25,000 Commonwealth Title
-- Commonwealth Title
-- --
$499,000 Natc
-- --
-- Investors Title
-- Investors Title
-- Investors Title
$269,000 Investors Title Company
$234,356 Commerce Title Co
$183,500 United Title Company
-- --
$332,021 Stewart Title
$325,000 Southland Title Corporation
$158,000 Benefit Land Title Company
$144,000 Benefit Land Title Ins Co
$135,000 South Coast Title
$320,000 Fidelity National Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $650,000
Previous Owner $25,050
Previous Owner $658,000
Previous Owner $398,600
Previous Owner $216,000
Previous Owner $310,299
Previous Owner $142,000
Previous Owner $305,574
Closed $50,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/16/2012 10/16/12 Sold $590,000 +40.5% $142 / Sq Ft
09/06/2012 09/06/12 Pending -- -- --
07/10/2012 07/10/12 For Sale $419,900 -- $101 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,175 $726,529 $504,878 $221,651
2024 $9,710 $712,284 $494,979 $217,305
2023 $9,548 $698,319 $485,274 $213,045
2022 $8,973 $684,627 $475,759 $208,868
2021 $8,774 $671,204 $466,431 $204,773
2020 $8,750 $664,323 $461,649 $202,674
2019 $8,648 $651,298 $452,598 $198,700
2018 $8,407 $638,528 $443,724 $194,804
2016 $7,718 $613,736 $426,495 $187,241
2015 $7,415 $604,518 $420,089 $184,429
2014 $7,376 $592,678 $411,861 $180,817
Source: Public Records

Agents Affiliated with this Home

  • Laura Roman

    Seller's Agent in 2012

    Laura Roman

    Boardwalk Properties

    (562) 209-3645

    35 Total Sales

    Section Image
  • Nicolai Glazer

    Buyer's Agent in 2012

    Nicolai Glazer

    Pacific Sotheby's Int'l Realty

    (949) 644-6200

    88 Total Sales

    Nicolai Glazer
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P828293

California Regional Multiple Listing Service (CRMLS)

APN: 7274-018-024

California Los Angeles County Long Beach 90802 East Village

638 E 7th St, Long Beach, CA

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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