NOT LISTED FOR SALE
-- Bed
-- Bath
14,814 Sq Ft
0.63 Acre Lot

Sale Details

Date Sold: July 11, 2012

Last sale price $2,280,000 $154 Per Sq Ft

54 Days on Market

Highlights

  • 0.63 Acre Lot
  • Contemporary Architecture
  • No Heating
  • Long Beach Polytechnic High School Rated A
  • Carpet

About This Home

As of July 2012

This 'Pride of Ownership' property is 5 buildings on a large lot, with a lot of open space. It is gated with 20 secure parking spaces. Each apartment has a large balcony or patio. All kitchens, baths and walkways are tiled. This is the type of place tenants want to live. All expenses for 2010 were $94,821 and for 2011 were $114,294. Owner is changing the master electric meter to individual meters, which would have reduced expenses by $11,386.

Last Agent to Sell the Property

Woody Carter

Woodrow Carter, Broker License #00581001 Listed on: 03/06/2012

Last Buyer's Agent

Henry Chuang

HENRY CHUANG, BROKER License #01838832

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 27,554 Sq Ft Lot

Parking

  • 20 Parking Spaces

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 14,814 Sq Ft Home
  • Carpet

Kitchen

  • Gas Oven or Range
  • Range

Utilities

  • No Heating
  • Gas Water Heater

Listing and Financial Details

  • Tax Block F
  • Assessor Parcel Number 7211007028

Community Details

Overview

  • 5 Buildings
  • 18 Units

Building Details

  • 18 Separate Electric Meters
  • 18 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $5,176
  • Gross Income $19,858
  • Net Operating Income $135,388

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0.63 Acres

Listing Details

  • Assessments: No
  • CapRate: 5.66
  • View: No
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7211007028
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 153.91

Exterior Features

  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 20.00

Utilities

  • Utilities: Water Connected
  • Heating: No
  • Laundry: No
  • Appliances: Free Standing, Gas Cooking, Gas Water Heater, Range

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 27554.00
  • Lot Size Acres: 0.6330

Multi Family

  • Gross Income: 19858.00
  • Gross Multiplier: 10.03
  • Gross Scheduled Income: 238296.00
  • Insurance Expense: 5176.00
  • Lot Size Area: 27554.0000 Square Feet
  • Net Operating Income: 135388.00
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 18
  • Operating Expense: 102908.00
  • Other Expense Description: 000

Tax Info

  • Tax Area: 11933
  • Tax Block: F
  • Tax Lot: 0.
  • Tax Tract Number: 00000

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

Closed on
Jul 28, 2016
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
$2,075,000
Interest Rate
0.0343%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 20, 2012
Sold by
Bought by
Source: Public Records
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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
$3,600,000 First American Title
$2,280,000 Chicago Title Company
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
Open $2,650,000
Previous Owner $2,075,000
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
07/11/2012 07/11/12 Sold $2,280,000 -4.6% $154 / Sq Ft
04/29/2012 04/29/12 Pending -- -- --
03/06/2012 03/06/12 For Sale $2,390,000 -- $161 / 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 $57,247 $4,172,302 $2,826,024 $1,346,278
2024 $54,782 $4,090,493 $2,770,612 $1,319,881
2023 $53,854 $4,010,288 $2,716,287 $1,294,001
2022 $50,590 $3,931,656 $2,663,027 $1,268,629
2021 $49,540 $3,854,565 $2,610,811 $1,243,754
2019 $48,836 $3,745,438 $2,533,374 $1,212,064
2018 $47,335 $3,672,100 $2,483,700 $1,188,400
2016 $30,140 $2,366,535 $1,206,673 $1,159,862
2015 $28,967 $2,330,988 $1,188,548 $1,142,440
2014 $28,838 $2,285,328 $1,165,266 $1,120,062
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P814487

California Regional Multiple Listing Service (CRMLS)
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