NOT LISTED FOR SALE

Estimated Value: $881,000 - $1,032,000

4 Beds
3 Baths
2,060 Sq Ft
$468/Sq Ft Est. Value

Last Sold February 09, 2021

Last sale price $785,000 $381 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $6,151/month

55 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Laundry Room
  • 2 Car Garage
  • No HOA
  • Tile Flooring
  • Back and Front Yard

About This Home

As of February 2021

Beautiful duplex located in Long Beach CA, two separate units, it can be a great investment opportunity or to live in one and rent the other unit. Conveniently located, close access to freeways, shopping centers. Both units have been remodeled, front unit is 2 bedrooms, 2 bathrooms and it has new laminate flooring, new painting inside and outside, a new front fence, a new wall heater, LED ceiling lights in the living room and bedrooms, new ceramic flooring in the kitchen and bathrooms, newer crown molding, and baseboard throughout the front unit, fruit trees in the front yard. Back unit has been fixed, it is a 2 bedrooms 1 bathroom, it has been painted inside and outside, new roof and new water heater, the back fence has been replaced for a new one, new trash disposal, the gas plumbing is new as well. ALL INFORMATION IS DEEMED LIABLE, BUYER AND BUYER'S AGENT IS RESPONSIBLE TO CONFIRM AND VERIFY ALL INFORMATION. RENTAL INCOME INFORMATION IS PRO FORMA BASIS, THE PROPERTY HASN'T BEEN RENTED FOR THE LAST 2 YEARS.

Last Agent to Sell the Property

Sergio Montalvo-Aviles

Vylla Home, Inc. License #01918544 Listed on: 11/03/2020

Vylla Home, Inc.

Last Buyer's Agent

Giovanni Quevedo

Century 21 Allstars License #01987434

Century 21 Allstars

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,867

Year Built

  • Built in 1928

Lot Details

  • 5,760 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • Parking Available

Home Design

  • Duplex
  • Raised Foundation
  • Slab Foundation
  • Shingle Roof
  • Rolled or Hot Mop Roof

Interior Spaces

  • 2,060 Sq Ft Home
  • Den with Fireplace
  • Laundry Room

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Utilities

  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 9103
  • Assessor Parcel Number 7114009048

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • New Taxes Expense $10,062
  • Operating Expense $13,662
  • Gross Income $60,000
  • Net Operating Income $37,550

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,867

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: All real Property
  • Other Phone Description: Cell phone
  • Other Phone Number: 714-887-6673
  • Price Per Unit: 402500
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR2N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7114009048
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Fireplace Features: Den
  • Levels: One
  • Price Per Square Foot: 381.07
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised, Slab
  • Pool Private: No
  • Roof: Rolled/Hot Mop, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard
  • Lot Size: 5760
  • Lot Size Sq Ft: 5760.00
  • Lot Size Acres: 0.1322

Multi Family

  • Gross Income: 60000.00
  • Gross Operating Income: 45000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 5760.0000 Square Feet
  • Net Operating Income: 37550.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7450.00
  • Operating Expense Percent: 17.00
  • Rent Control: No
  • Total Expenses: 13662.00
  • Vacancy Allowance: 15000
  • Vacancy Allowance Rate: 25.00

Tax Info

  • New Taxes Expense: 10062.00
  • Tax Area: 4992
  • Tax Census Tract: 5705.02
  • Tax Lot: 7
  • Tax Tract: 9103
  • Tax Tract Number: 9103

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2020
Closed on
Feb 3, 2021
Sold by
Mercado Nelson D and Mercado Sidia V
Bought by
Payan Gonzalo
Seller's Agent
Sergio Montalvo-Aviles
Vylla Home, Inc.
Buyer's Agent
Giovanni Quevedo
Century 21 Allstars
List Price
$805,000
Sold Price
$785,000
Premium/Discount to List
-$20,000
-2.48%
Current Estimated Value
$964,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,481
Avg. Annual Appreciation
4.22%
Original Mortgage
$758,800
Outstanding Balance
$680,615
Interest Rate
2.6%
Mortgage Type
FHA
Estimated Equity
$267,352

Purchase Details

Listed on
Apr 20, 2018
Closed on
Jun 2, 2018
Sold by
Valdez Lilian Yamileth Fuentes De
Bought by
Membreno Jose Salomon Valdez
Seller's Agent
Polly Watts
Sundae Homes
Buyer's Agent
Maria Chinchilla
Supreme Realty
List Price
$529,900
Sold Price
$545,000
Premium/Discount to List
$15,100
2.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.59%
Original Mortgage
$517,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 20, 2018
Closed on
May 21, 2018
Sold by
Champery Rental Reo Llc
Bought by
Mercado Nelson D and Mercado Sidia V
Seller's Agent
Polly Watts
Sundae Homes
Buyer's Agent
Maria Chinchilla
Supreme Realty
List Price
$529,900
Sold Price
$545,000
Premium/Discount to List
$15,100
2.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2018
Sold by
Roque Jorge L and Roque Alejandra
Bought by
Champery Rental Reo Llc

Purchase Details

Closed on
Jan 22, 2003
Sold by
Tiscareno Jesus R
Bought by
Roque Jorge L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,000
Interest Rate
5.97%

Purchase Details

Closed on
Jul 9, 1998
Sold by
Tiscareno Jesus Roque
Bought by
Roque Jorge Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,442
Interest Rate
7.06%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 22, 1998
Sold by
Salazar Alejandra
Bought by
Roque Jorge L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,442
Interest Rate
7.06%
Mortgage Type
FHA

Purchase Details

Closed on
May 29, 1998
Sold by
Mcclain Marylou
Bought by
Roque Jorge 6 and Tiscareno Jesus R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,442
Interest Rate
7.06%
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
Payan Gonzalo $785,000 Old Republic Title Company
Membreno Jose Salomon Valdez -- National Title Company
Mercado Nelson D $545,000 Usa National Title Company
Champery Rental Reo Llc $365,000 Accommodation
Roque Jorge L -- Commerce Title
Roque Jorge Luis -- --
Roque Jorge L -- Continental Title
Roque Jorge 6 $149,000 Continental Title
Mcclain Marylou -- Continental Title
Mcclain Scott H -- Continental Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Payan Gonzalo $758,800
Previous Owner Mercado Nelson D $515,000
Previous Owner Membreno Jose Salomon Valdez $517,750
Previous Owner Roque Jorge L $250,000
Previous Owner Roque Jorge L $146,000
Previous Owner Roque Jorge 6 $146,442
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2021 02/09/21 Sold $785,000 -2.5% $381 / Sq Ft
12/28/2020 12/28/20 Pending -- -- --
11/03/2020 11/03/20 For Sale $805,000 +47.7% $391 / Sq Ft
06/07/2018 06/07/18 Sold $545,000 +2.8% $265 / Sq Ft
06/01/2018 06/01/18 Pending -- -- --
05/25/2018 05/25/18 For Sale $529,900 0.0% $257 / Sq Ft
05/08/2018 05/08/18 Pending -- -- --
05/04/2018 05/04/18 Price Changed $529,900 0.0% $257 / Sq Ft
05/04/2018 05/04/18 For Sale $529,900 +6.0% $257 / Sq Ft
04/27/2018 04/27/18 Pending -- -- --
04/20/2018 04/20/18 For Sale $499,900 -- $243 / 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 $10,867 $849,707 $378,850 $470,857
2024 $10,867 $833,047 $371,422 $461,625
2023 $10,687 $816,714 $364,140 $452,574
2022 $10,033 $800,700 $357,000 $443,700
2021 $7,309 $572,891 $315,353 $257,538
2020 $7,290 $567,018 $312,120 $254,898
2019 $7,206 $555,900 $306,000 $249,900
2018 $2,987 $224,036 $96,439 $127,597
2016 $2,738 $215,340 $92,696 $122,644
2015 $2,633 $212,106 $91,304 $120,802
2014 $2,624 $207,952 $89,516 $118,436
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20222633

California Regional Multiple Listing Service (CRMLS)

APN: 7114-009-048