Seller's Agent in 2017
Will Wheaton
Will Wheaton Real Estate
(213) 445-2277
23 Total Sales
6541 Downey Ave Long Beach, CA 90805
Ramona Park NeighborhoodEstimated Value: $813,000 - $1,001,000
4
Beds
2
Baths
1,584
Sq Ft
$572/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Cooling System Mounted To A Wall/Window
- Bungalow
- No HOA
- Laundry Room
- Forced Air Heating and Cooling System
About This Home
As of August 2017CASH FLOW is the name of this game! No Rent Control! Rare duplex in North Long beach TWO 2 bed 1 bath units with no common walls. Each unit has a one car garage with roll up doors and laundry hookups. Each unit has enough yard space for kids to play and family gatherings. 2nd unit has central heat and AC. This property is ideal for a first time buyer who is looking for a way to afford to live in the area while having some help paying the mortgage. Also, an investor looking for a great piece of investment real estate for their portfolio, or to satisfy a 1031 Exchange. Property is being sold AS IS. Call today!
Last Agent to Sell the Property
Will Wheaton Real Estate License #01857540 Listed on: 06/18/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Lot Details
- 5,978 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
- Parking Available
- Driveway
Home Design
- Duplex
- Bungalow
- Cosmetic Repairs Needed
- Raised Foundation
- Composition Roof
Interior Spaces
- 1,584 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Gas Cooktop
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating and Cooling System
- Wall Furnace
Listing and Financial Details
- Tax Lot 74
- Tax Tract Number 5516
- Assessor Parcel Number 7120018061
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Gardener Expense $780
- Insurance Expense $980
- Pest Control $576
- New Taxes Expense $7,187
- Operating Expense $5,136
- Gross Income $30,788
- Net Operating Income $25,652
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 14, 2020
Sold by
Cheang Sophie Narath and Ok Sophinarath C
Bought by
Cheang Sophie Narath
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Outstanding Balance
$408,052
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$498,111
Purchase Details
Listed on
Jun 18, 2017
Closed on
Aug 3, 2017
Sold by
Ok Jimmie Dara
Bought by
Ok Sophinarath C
Seller's Agent
Will Wheaton
Will Wheaton Real Estate
Buyer's Agent
Channy Chor
JohnHart Real Estate
List Price
$574,997
Sold Price
$575,000
Premium/Discount to List
$3
0.0%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.58%
Original Mortgage
$397,500
Interest Rate
3.88%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 18, 2017
Closed on
Jul 7, 2017
Sold by
Gavin Donald
Bought by
Ok Sophinarath C
Seller's Agent
Will Wheaton
Will Wheaton Real Estate
Buyer's Agent
Channy Chor
JohnHart Real Estate
List Price
$574,997
Sold Price
$575,000
Premium/Discount to List
$3
0.0%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,500
Interest Rate
3.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 25, 2003
Sold by
Gavin Donald and Gavin Mary Helen
Bought by
Gavin Donald
Purchase Details
Closed on
Jan 8, 2001
Sold by
Gavin Royce
Bought by
Gavin Donald
Purchase Details
Closed on
Jul 8, 1996
Sold by
Emerson David Stephen and Emerson Barbara Anne
Bought by
Gavin Royce
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,441
Interest Rate
7.91%
Mortgage Type
FHA
Purchase Details
Closed on
May 9, 1996
Sold by
Hawthorne Svgs Fsb
Bought by
Emerson David Stephen and Emerson Barbara Anne
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,441
Interest Rate
7.91%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cheang Sophie Narath | -- | Lawyers Title Company | |
| Ok Sophinarath C | -- | Lawyers Title | |
| Ok Sophinarath C | $575,000 | Lawyers Title | |
| Gavin Donald | -- | Stewart Title | |
| Gavin Donald | -- | -- | |
| Gavin Royce | $156,500 | Orange Coast Title | |
| Emerson David Stephen | $96,500 | Orange Coast Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cheang Sophie Narath | $460,000 | |
| Closed | Ok Sophinarath C | $397,500 | |
| Previous Owner | Gavin Royce | $153,441 | |
| Previous Owner | Emerson David Stephen | $72,375 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/11/2017 08/11/17 | Sold | $575,000 | 0.0% | $363 / Sq Ft |
| 07/01/2017 07/01/17 | Pending | -- | -- | -- |
| 06/18/2017 06/18/17 | For Sale | $574,997 | -- | $363 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $8,456 | $654,246 | $369,792 | $284,454 |
| 2024 | $8,456 | $641,419 | $362,542 | $278,877 |
| 2023 | $8,315 | $628,843 | $355,434 | $273,409 |
| 2022 | $7,726 | $616,514 | $348,465 | $268,049 |
| 2021 | $7,571 | $604,427 | $341,633 | $262,794 |
| 2020 | $7,551 | $598,230 | $338,130 | $260,100 |
| 2019 | $7,461 | $586,500 | $331,500 | $255,000 |
| 2018 | $7,198 | $575,000 | $325,000 | $250,000 |
| 2016 | $2,800 | $215,301 | $99,052 | $116,249 |
| 2015 | $2,692 | $212,068 | $97,565 | $114,503 |
| 2014 | $2,684 | $207,915 | $95,654 | $112,261 |
Source: Public Records
Agents Affiliated with this Home
-
Will Wheaton
-
Channy Chor
Buyer's Agent in 2017
Channy Chor
JohnHart Real Estate
(213) 608-6408
121 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR17139154
APN: 7120-018-061
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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