NOT LISTED FOR SALE

Estimated Value: $861,000 - $1,010,000

4 Beds
2 Baths
2,040 Sq Ft
$468/Sq Ft Est. Value

Last Sold April 21, 2022

Last sale price $830,000 $407 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,924/month

27 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • 3 Car Garage
  • No HOA
  • Tile Flooring
  • Wall Furnace

About This Home

As of April 2022

Great investment property in North Long Beach! Both units are 2 bedrooms and 1 bathroom with one unit at 1,060 sq.ft and the other one with 988 sq.ft. Both units are tenant occupied with great long term tenants of more than 10 years. The property has two separate water meters and the tenants are paying for all utilities.

Last Agent to Sell the Property

julia oprea

RE/MAX Dynasty License #01455872 Listed on: 02/18/2022

RE/MAX Dynasty

Last Buyer's Agent

Julaine Waggoner

Julaine Waggoner, Broker License #01265494

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,658 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Traditional Architecture
  • Fire Rated Drywall
  • Composition Roof

Interior Spaces

  • 2,040 Sq Ft Home
  • Gas Fireplace
  • Living Room with Fireplace

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 16
  • Tax Tract Number 7894
  • Assessor Parcel Number 7114019028

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • North Long Beach Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $620
  • Operating Expense $620
  • Gross Income $38,400
  • Net Operating Income $34,298

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Zoning: LBR2N
  • Architectural Style: Traditional
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7114019028
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Fireplace Features: Living Room, Gas
  • Levels: One
  • Price Per Square Foot: 406.86
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5658.00
  • Lot Size Acres: 0.1299

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 38400.00
  • Gross Operating Income: 38400.00
  • Gross Scheduled Income: 38400.00
  • Insurance Expense: 620.00
  • Lot Size Area: 5658.0000 Square Feet
  • Net Operating Income: 34298.00
  • 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
  • Operating Expense: 4102.00
  • Rent Control: No
  • Total Actual Rent: 3200.00
  • Total Expenses: 620.00

Tax Info

  • Tax Census Tract: 5705.02
  • Tax Lot: 16
  • Tax Tract Number: 7894

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2003
Sold by
Hernandez Artemio and Garcia Raymundo M
Bought by
Hernandez Artemio and Hernandez Fidela
Current Estimated Value
$955,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 7, 1999
Sold by
Garcia Raymundo M and Hernandez Artemio
Bought by
Hernandez Artemio and Garcia Raymundo M

Purchase Details

Closed on
Apr 16, 1999
Sold by
Anderson Thelma I and The Gerald W Hooper Trust
Bought by
Garcia Raymundo M and Hernandez Artemio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,975
Interest Rate
6.98%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 31, 1998
Sold by
Hooper Gerald W
Bought by
Hooper Gerald William and The Gerald W Hooper Trust
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
Hernandez Artemio -- Gateway
Hernandez Artemio -- --
Garcia Raymundo M $186,500 --
Hernandez Artemio -- --
Hooper Gerald William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Hernandez Artemio $182,000
Closed Garcia Raymundo M $184,975
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2022 04/21/22 Sold $830,000 +3.1% $407 / Sq Ft
03/17/2022 03/17/22 Pending -- -- --
02/18/2022 02/18/22 For Sale $805,000 -- $395 / 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 $11,225 $880,802 $350,198 $530,604
2024 $11,225 $863,532 $343,332 $520,200
2023 $11,039 $846,600 $336,600 $510,000
2022 $4,197 $318,608 $149,842 $168,766
2021 $4,102 $312,361 $146,904 $165,457
2020 $4,090 $309,159 $145,398 $163,761
2019 $4,042 $303,098 $142,548 $160,550
2018 $3,868 $297,155 $139,753 $157,402
2016 $3,549 $285,618 $134,327 $151,291
2015 $3,410 $281,329 $132,310 $149,019
2014 $3,394 $275,819 $129,719 $146,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22032416

California Regional Multiple Listing Service (CRMLS)

APN: 7114-019-028