NOT LISTED FOR SALE

Estimated Value: $471,000 - $747,000

4 Beds
2 Baths
1,550 Sq Ft
$419/Sq Ft Est. Value

Last Sold July 01, 2016

Last sale price $475,000 $306 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,041/month

385 Days on Market

Highlights

  • Craftsman Architecture
  • Fireplace in Kitchen
  • Wood Flooring
  • Long Beach Polytechnic High School Rated A
  • Property is near public transit
  • Corner Lot

About This Home

As of July 2016

Two unit Craftsman duplex for sale near downtown Long Beach. Entire building has been completely remodeled. Outside recently upgraded with new driveway, paint, and artificial grass. Each unit has an attached garage. Lower unit has laundry hookups in garage. Gas, water, electric separately metered for each unit. Rents approx. $1,425 (Market Rents) for upper unit and $1,550 for lower unit (Actual. Buyer and buyers agent to verify / fair market rents.

Last Agent to Sell the Property

Jason Abboud

RE/MAX Prestige Properties License #00936727 Listed on: 04/15/2015

Last Buyer's Agent

Alan Crooks

Estate Properties License #01144426

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,109

Year Built

  • Built in 1912

Lot Details

  • 2,500 Sq Ft Lot
  • No Common Walls
  • East Facing Home
  • Wood Fence
  • Corner Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Craftsman Architecture
  • Raised Foundation
  • Block Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,550 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Beamed Ceilings
  • Ceiling Fan
  • Double Pane Windows
  • Living Room with Fireplace
  • Dining Room with Fireplace

Kitchen

  • Self-Cleaning Oven
  • Free-Standing Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Fireplace in Kitchen

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Additional Features

  • Fireplace in Patio
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 11933
  • Assessor Parcel Number 7274015023

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $2,895
  • Net Operating Income $31,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,109

Year Built

Built in 1912

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: Kelly
  • Other Phone Number: 760-900-4347
  • Property Attached: No
  • Road Frontage Type: City Street
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: No
  • Architectural Style: Craftsman
  • Property Type: Residential Income
  • Parcel Number: 7274015023
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Built-in Features, Ceiling Fan(s), Granite Counters, Pantry
  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Fireplace Features: Dining Room, Kitchen, Living Room, Patio
  • Levels: Two
  • Price Per Square Foot: 306.45
  • Room Type: Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: East
  • Foundation: Block, Raised
  • Fencing: Wood
  • Builder Name: AB
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Frame, Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Range Hood, Microwave, Self Cleaning Oven
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Corner Lot, Near Public Transit
  • Lot Size Sq Ft: 2500.00
  • Price Per Lot Square Foot: 190.00
  • Lot Size Acres: 0.0570

Multi Family

  • Gross Income: 2895.00
  • Gross Scheduled Income: 34740.00
  • Lot Size Area: 2500.0000 Square Feet
  • Net Operating Income: 31380.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 3360.00
  • Rent Control: No

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 11933
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2015
Closed on
Jun 21, 2016
Sold by
Bellatera Properties Llc
Bought by
Davis Francisco and Davis Celia
Seller's Agent
Jason Abboud
RE/MAX Prestige Properties
Buyer's Agent
Alan Crooks
Estate Properties
List Price
$572,000
Sold Price
$475,000
Premium/Discount to List
-$97,000
-16.96%
Current Estimated Value
$649,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,947
Avg. Annual Appreciation
3.43%
Original Mortgage
$356,200
Outstanding Balance
$283,588
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$366,359

Purchase Details

Closed on
Oct 6, 2010
Sold by
Choy Marianne
Bought by
Bellatera Properties Llc

Purchase Details

Closed on
Jan 6, 2005
Sold by
Duncan Donna L
Bought by
Choy Marianne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,500
Interest Rate
4.32%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 1, 2003
Sold by
Duncan Donna L
Bought by
Duncan Donna L and Duncan Bobby C

Purchase Details

Closed on
Oct 21, 2003
Sold by
Regalado Alvaro Ortiz
Bought by
Duncan Donna L

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
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 2003
Sold by
Reitano John W
Bought by
Duncan Donna L

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
5.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 21, 2002
Sold by
Bui Phuoc Tan
Bought by
Reitano John W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,250
Interest Rate
5.99%

Purchase Details

Closed on
Oct 16, 2002
Sold by
Maldonado Kenia V
Bought by
Reitano John W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,250
Interest Rate
5.99%

Purchase Details

Closed on
Apr 1, 1999
Sold by
Bui Phuoc T
Bought by
Bui Phuoc Tan
Source: Public Records

Range of Values:

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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
Davis Francisco $475,000 First American Title Company
Bellatera Properties Llc $102,000 Progressive Title Company
Choy Marianne $429,000 Fidelity National Title Co
Duncan Donna L -- --
Duncan Donna L -- Commonwealth Land Title
Duncan Donna L $275,000 Land America Commonwealth Ti
Reitano John W $178,000 Fidelity National Title Ins
Reitano John W -- Fidelity National Title Ins
Bui Phuoc Tan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Francisco $356,200
Previous Owner Choy Marianne $311,500
Previous Owner Duncan Donna L $220,000
Previous Owner Reitano John W $166,250
Closed Duncan Donna L $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2016 07/01/16 Sold $475,000 +29680.6% $306 / Sq Ft
05/04/2016 05/04/16 Pending -- -- --
10/17/2015 10/17/15 Rented $1,595 0.0% --
04/15/2015 04/15/15 For Sale $572,000 0.0% $369 / Sq Ft
04/15/2015 04/15/15 Off Market $1,825 -- --
02/17/2015 02/17/15 For Rent $1,975 -- --
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 $7,109 $551,273 $382,991 $168,282
2024 $7,109 $540,465 $375,482 $164,983
2023 $6,988 $529,869 $368,120 $161,749
2022 $6,560 $519,480 $360,902 $158,578
2021 $6,429 $509,295 $353,826 $155,469
2019 $6,338 $494,190 $343,332 $150,858
2018 $6,152 $484,500 $336,600 $147,900
2016 $4,498 $365,000 $212,100 $152,900
2015 $3,987 $330,000 $191,800 $138,200
2014 $4,038 $330,000 $191,800 $138,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15078969

California Regional Multiple Listing Service (CRMLS)

APN: 7274-015-023