NOT LISTED FOR SALE

Estimated Value: $763,000 - $855,000

3 Beds
3 Baths
1,560 Sq Ft
$530/Sq Ft Est. Value

Last Sold February 11, 2019

Last sale price $532,500 $341 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $5,090/month

15 Days on Market

About This Home

As of February 2019

Standard sale on a corner lot. These units consist of a two bedroom one bath facing Morningside with carpet in the living room and each bedroom, 6 panel interior doors and a spacious front yard; the one bedroom one bath faces Cedar with its own driveway, patio and fenced backyard, and a bonus Studio unit with private front porch. Great opportunity to add to the portfolio or live in one and rent the others. Priced to sale.

Last Agent to Sell the Property

Steven Guthrie

Platinum Finance Properties License #01440504 Listed on: 12/11/2018

Last Buyer's Agent

Teresa Salas

Excellence RE Real Estate License #02061292

Excellence RE Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,275

Year Built

  • Built in 1948

Lot Details

  • 4,050 Sq Ft Lot
  • Two or More Common Walls
  • Back and Front Yard

Home Design

  • 1,560 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 7163
  • Assessor Parcel Number 7131025011

Community Details

Overview

  • 3 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $600
  • New Taxes Expense $6,563

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,275

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7131025011
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 341.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 4050.00
  • Lot Size Acres: 0.0930

Multi Family

  • Insurance Expense: 600.00
  • Lot Size Area: 4050.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6563.00
  • Tax Census Tract: 5717.01
  • Tax Lot: 17
  • Tax Tract Number: 7163

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 16, 2023
Sold by
Jimenez Nora E
Bought by
Nora Jimenez Trust
Current Estimated Value
$803,591

Purchase Details

Closed on
Jul 15, 2020
Sold by
Orozco Favian R and Jimenez Nora E
Bought by
Jimenez Nora E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 11, 2018
Closed on
Jan 26, 2019
Sold by
Lalani Nazmudin Madatali and The Nazmudin Madatali Lalani R
Bought by
Orozco Favian R and Jimenez Nora E
Seller's Agent
Steven Guthrie
Platinum Finance Properties
Buyer's Agent
Teresa Salas
Excellence RE Real Estate
List Price
$524,900
Sold Price
$532,500
Premium/Discount to List
$7,600
1.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.47%
Original Mortgage
$397,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 5, 2018
Closed on
Mar 13, 2018
Sold by
Lalani Nazmudin
Bought by
Lalani Nazmudin Madatali and Lalani Nazmudin Madatali
Seller's Agent
Kim Schumacher
First Team Real Estate
Buyer's Agent
Pam Frey
Realty One Group West
List Price
$422,000
Sold Price
$425,000
Premium/Discount to List
$3,000
0.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.44%

Purchase Details

Listed on
Feb 5, 2018
Closed on
Feb 15, 2018
Sold by
Powell Virginia and Powell Family Trust
Bought by
Lalani Nazmudin
Seller's Agent
Kim Schumacher
First Team Real Estate
Buyer's Agent
Pam Frey
Realty One Group West
List Price
$422,000
Sold Price
$425,000
Premium/Discount to List
$3,000
0.71%

Purchase Details

Closed on
Aug 1, 2016
Sold by
Powell Virginia
Bought by
Powell Virginia and Powell Family Trust

Purchase Details

Closed on
Nov 25, 2008
Sold by
Powell Henry A and Powell Virginia
Bought by
Powell Henry A and Powell Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,000
Interest Rate
6.47%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Nora Jimenez Trust -- --
Jimenez Nora E -- Provident Title Company
Orozco Favian R $532,500 Western Resources Title
Lalani Nazmudin Madatali -- Accommodation
Lalani Nazmudin $425,000 Western Resources Title Comp
Powell Virginia -- None Available
Powell Henry A -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jimenez Nora E $430,500
Previous Owner Orozco Favian R $397,500
Previous Owner Powell Henry A $246,300
Previous Owner Powell Henry A $262,000
Previous Owner Powell Henry A $262,000
Previous Owner Powell Henry $230,000
Previous Owner Powell Henry $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2019 02/11/19 Sold $532,500 +1.4% $341 / Sq Ft
12/26/2018 12/26/18 Pending -- -- --
12/11/2018 12/11/18 For Sale $524,900 +23.5% $336 / Sq Ft
03/07/2018 03/07/18 Sold $425,000 +0.7% $272 / Sq Ft
02/10/2018 02/10/18 Pending -- -- --
02/10/2018 02/10/18 For Sale $422,000 -0.7% $271 / Sq Ft
02/09/2018 02/09/18 Off Market $425,000 -- --
11/19/2017 11/19/17 For Sale $422,000 -- $271 / 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 $8,275 $632,556 $329,690 $302,866
2024 $8,275 $620,154 $323,226 $296,928
2023 $8,133 $607,995 $316,889 $291,106
2022 $7,638 $596,075 $310,676 $285,399
2021 $7,471 $584,388 $304,585 $279,803
2020 $6,908 $543,150 $306,000 $237,150
2019 $5,630 $433,500 $204,000 $229,500
2018 $2,682 $195,993 $87,672 $108,321
2016 $2,467 $188,384 $84,268 $104,116
2015 $2,373 $185,556 $83,003 $102,553
2014 $2,367 $181,923 $81,378 $100,545
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18289542

California Regional Multiple Listing Service (CRMLS)

APN: 7131-025-011