NOT LISTED FOR SALE

Estimated Value: $789,000 - $970,000

3 Beds
2 Baths
1,204 Sq Ft
$708/Sq Ft Est. Value

Last Sold March 05, 2019

Last sale price $565,000 $469 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $5,288/month

102 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Corner Lot
  • Laundry Room
  • Craftsman Architecture
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring

About This Home

As of March 2019

This is the perfect property for the first time investor or a buyer to owner occupy. Located in a quiet area of North Long Beach, these two units are completely separate and the one bedroom house has a separate address. The legal square footage is 1,204 but the seller has converted the oversized one car garage into a single with a 3/4 bath and a kitchenette with gas stove, washer, dryer and refrigerator. The appliances in the single are included in the sale. Buyer to check with city as to the feasibility of permitting this as an ADU. It is an additional 375 sq. ft. and there is a private patio for the use of the single unit. The front house with it's relaxing front porch features 2 bedrooms and one bath and has a private side yard There are wood laminate floors throughout except for the kitchen and bath with tile floors. The kitchen has been completely remodeled with new cabinetry, stainless steel sink and granite counters. The bathroom has also been remodeled. The refrigerator, stove and stackable washer and dryer are included in the sale and were purchased in 2016 and 2017. The one bedroom house has tile flooring throughout and has a remodeled bathroom. There are laundry hookups at the rear of the house. The kitchen has wood cabinetry and tile counters. Both tenants are on month to month tenancy.

Last Agent to Sell the Property

Joyce Starleaf

Equity Union License #00782682 Listed on: 11/08/2018

Equity Union

Co-Listed By

Alison Tideback

Equity Union License #01334601

Last Buyer's Agent

Darlin Rodrigues

C-21 Allstars License #02010487

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,115

Year Built

  • Built in 1923

Lot Details

  • 4,864 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Front Yard

Home Design

  • 1,204 Sq Ft Home
  • Duplex
  • Craftsman Architecture

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 6807
  • Assessor Parcel Number 7120009001

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,600
  • Insurance Expense $2,000
  • Water Sewer Expense $2,400
  • New Taxes Expense $6,948
  • Operating Expense $14,948
  • Gross Income $40,800
  • Net Operating Income $25,852

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,115

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 2400.00
  • Zoning: LBR1N
  • Architectural Style: Craftsman
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7120009001
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Price Per Square Foot: 469.27
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Common Area, Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard
  • Lot Size Sq Ft: 4864.00
  • Lot Size Acres: 0.1117

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 3600.00
  • Gross Income: 40800.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 4864.0000 Square Feet
  • Net Operating Income: 25852.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number Wall A C: 1
  • Number With Disposal: 2
  • Number With Patio: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 14948.00
  • Rent Control: No
  • Total Actual Rent: 3400.00
  • Total Expenses: 14948.00

Tax Info

  • New Taxes Expense: 6948.00
  • Tax Census Tract: 5702.04
  • Tax Lot: 1
  • Tax Tract Number: 6807

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2024
Sold by
Arciniega Catherine
Bought by
Cordova Ralph Bryant
Current Estimated Value
$852,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$708,000
Outstanding Balance
$703,635
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$119,999

Purchase Details

Listed on
Nov 8, 2018
Closed on
Feb 15, 2019
Sold by
Wilson Shari
Bought by
Cordova Ralph B
Seller's Agent
Joyce Starleaf
Equity Union
Buyer's Agent
Darlin Rodrigues
C-21 Allstars
List Price
$579,000
Sold Price
$565,000
Premium/Discount to List
-$14,000
-2.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.95%
Original Mortgage
$45,929
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 6, 2016
Closed on
Jan 24, 2017
Sold by
Saldana Cindy and Martinez Cindy
Bought by
Wilson Shari
Seller's Agent
John Martinez
310 Realty Club
Buyer's Agent
Joyce Starleaf
Equity Union
List Price
$444,000
Sold Price
$460,000
Premium/Discount to List
$16,000
3.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.29%
Original Mortgage
$368,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 6, 2016
Closed on
Jan 12, 2017
Sold by
Hiatt Teresa Kelly
Bought by
Wilson Shari
Seller's Agent
John Martinez
310 Realty Club
Buyer's Agent
Joyce Starleaf
Equity Union
List Price
$444,000
Sold Price
$460,000
Premium/Discount to List
$16,000
3.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2008
Sold by
Hsbc Bank Usa
Bought by
Martinez Cindy

Purchase Details

Closed on
Mar 18, 2008
Sold by
Bautista Maria Romilda
Bought by
Hsbc Bank Usa and Ace Securities Corp Home Equity Loan Tru

Purchase Details

Closed on
Jul 18, 2007
Sold by
Gutierrez Israel
Bought by
Bautista Maria

Purchase Details

Closed on
Apr 19, 2007
Sold by
Bautista Maria Romilda
Bought by
Gutierrez Israel

Purchase Details

Closed on
Sep 15, 2006
Sold by
Jimenez Maria and Jimenez Jose Salvador
Bought by
Bautista Maria Romilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
6.39%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 29, 2005
Sold by
Jimenez Maria and Jimenez Jose Salvador
Bought by
Jimenez Jose Salvador and Jimenez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.9%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 23, 2004
Sold by
Zavala Jose
Bought by
Jimenez Maria and Jimenez Jose Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
5.95%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 7, 2001
Sold by
Hud
Bought by
Jimenez Maria and Zavala Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,950
Interest Rate
7.26%

Purchase Details

Closed on
Mar 27, 2000
Sold by
Norwest Mtg Inc
Bought by
Hud

Purchase Details

Closed on
Dec 13, 1999
Sold by
Franco Julia I
Bought by
Norwest Mtg Inc

Purchase Details

Closed on
Aug 10, 1995
Sold by
Nelson Robert George
Bought by
Nelson Martha Ann

Purchase Details

Closed on
Apr 20, 1995
Sold by
Nelson Martha Ann
Bought by
Franco Julia I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,499
Interest Rate
7.63%
Mortgage Type
FHA
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
Cordova Ralph Bryant -- Wfg National Title
Cordova Ralph Bryant -- Wfg National Title
Cordova Ralph Bryant -- Wfg National Title
Cordova Ralph B $556,000 Orange Coast Title Co
Wilson Shari $460,000 First American Title Company
Wilson Shari -- First American Title Company
Martinez Cindy $255,000 North American Title Co
Hsbc Bank Usa $333,750 North American Title Co
Bautista Maria -- None Available
Gutierrez Israel -- None Available
Bautista Maria Romilda $570,000 United Title Company-La
Jimenez Jose Salvador -- North American Title
Jimenez Maria -- Southland Title Company
Jimenez Maria $135,000 Ticor Title
Hud -- Fidelity National Title Ins
Norwest Mtg Inc $113,524 Fidelity National Title Ins
Nelson Martha Ann -- --
Franco Julia I $105,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cordova Ralph Bryant $708,000
Closed Cordova Ralph Bryant $0
Previous Owner Cordova Ralph B $548,125
Previous Owner Cordova Ralph B $551,159
Previous Owner Cordova Ralph B $549,176
Previous Owner Cordova Ralph B $45,929
Previous Owner Wilson Shari $368,000
Previous Owner Bautista Maria Romilda $114,000
Previous Owner Bautista Maria Romilda $456,000
Previous Owner Jimenez Jose Salvador $350,000
Previous Owner Jimenez Maria $238,000
Previous Owner Jimenez Maria $14,000
Previous Owner Jimenez Maria $51,380
Previous Owner Jimenez Maria $130,950
Previous Owner Franco Julia I $104,499
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2019 03/05/19 Sold $565,000 -0.7% $469 / Sq Ft
02/18/2019 02/18/19 Pending -- -- --
01/25/2019 01/25/19 Price Changed $569,000 -1.7% $473 / Sq Ft
11/08/2018 11/08/18 For Sale $579,000 +25.9% $481 / Sq Ft
01/26/2017 01/26/17 Sold $460,000 +1.8% $382 / Sq Ft
12/13/2016 12/13/16 Pending -- -- --
12/03/2016 12/03/16 Price Changed $452,000 +1.8% $375 / Sq Ft
12/03/2016 12/03/16 For Sale $444,000 -3.5% $369 / Sq Ft
10/22/2016 10/22/16 Pending -- -- --
10/21/2016 10/21/16 Off Market $460,000 -- --
10/11/2016 10/11/16 Price Changed $444,000 0.0% $369 / Sq Ft
10/11/2016 10/11/16 For Sale $444,000 -3.5% $369 / Sq Ft
09/18/2016 09/18/16 Pending -- -- --
09/17/2016 09/17/16 Off Market $460,000 -- --
09/06/2016 09/06/16 For Sale $449,000 -2.4% $373 / Sq Ft
08/27/2016 08/27/16 Off Market $460,000 -- --
08/24/2016 08/24/16 For Sale $449,000 -- $373 / 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 $8,115 $620,225 $334,654 $285,571
2024 $8,115 $608,065 $328,093 $279,972
2023 $7,975 $596,143 $321,660 $274,483
2022 $7,490 $584,454 $315,353 $269,101
2021 $7,235 $572,995 $309,170 $263,825
2020 $7,216 $567,120 $306,000 $261,120
2019 $6,111 $478,584 $270,504 $208,080
2018 $5,894 $469,200 $265,200 $204,000
2016 $3,497 $277,389 $195,805 $81,584
2015 $3,360 $273,223 $192,864 $80,359
2014 $3,345 $267,872 $189,087 $78,785
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB18270240

California Regional Multiple Listing Service (CRMLS)

APN: 7120-009-001