NOT LISTED FOR SALE

6552 Orange Ave Long Beach, CA 90805

Nehyam Neighborhood

Estimated Value: $1,095,000 - $1,337,104

7 Beds
4 Baths
4,250 Sq Ft
$279/Sq Ft Est. Value

Sale Details

Date Sold: April 16, 2019

Last sale price $865,000 $204 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $7,367 / mo

9 Days on Market

About This Home

As of April 2019

FIRST TIME ON THE MARKET IN 34 YEARS! PRIDE OF OWNERSHIP BUILDING! PRIME 1980's construction. Unit Mix: (1) 3 Bedrooms/ 1 Bathroom, (2) 2 Bedrooms/ 1 Bathroom, and 1 Studio. 3 legal units and 1 non conforming 4th unit. Large open floor plans 4,250 Sq. Ft. on a 5,576 Sq. Ft. Lot.
Parking for up to 10 cars in the back open lot area. Onsite laundry brings additional income. All month to month leases. Huge upside in rents. Individually metered for gas & electric. No rent control in Long Beach. Hurry this property will not last long!

Last Agent to Sell the Property

Kristina Moore

The Moore Group License #01926377 Listed on: 03/04/2019

Last Buyer's Agent

Kristina Moore

The Moore Group License #01926377 Listed on: 03/04/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 5,576 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 4,250 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tax Lot 162
  • Tax Tract Number 7845
  • Assessor Parcel Number 7114013051

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $54,600
  • Net Operating Income $37,128

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

5,576 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR4N
  • Property Type: Residential Income
  • Parcel Number: 7114013051
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 203.53

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5576.00
  • Lot Size Acres: 0.1280

Multi Family

  • Gross Income: 54600.00
  • Gross Scheduled Income: 54600.00
  • Lot Size Area: 5576.0000 Square Feet
  • Net Operating Income: 37128.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 17472.00
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5705.01
  • Tax Lot: 162
  • Tax Tract Number: 7845

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2019
Closed on
Mar 14, 2019
Sold by
Mccormic Eric Leigh and Mccormic Sherry Lea
Bought by
Lam Thoakim Thi and Lam Tim
Seller's Agent
Kristina Moore
The Moore Group
Buyer's Agent
Kristina Moore
The Moore Group
List Price
$899,000
Sold Price
$865,000
Premium/Discount to List
-$34,000
-3.78%
Current Estimated Value
$1,183,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$318,776
Avg. Annual Appreciation
4.54%
Original Mortgage
$648,750
Outstanding Balance
$566,854
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$616,922

Purchase Details

Closed on
Jun 5, 2014
Sold by
Mccormick Eric Leigh
Bought by
Mccormick Eric Leigh and Mccormick Sherry Lea

Purchase Details

Closed on
Aug 24, 1998
Sold by
Mccormick Eric L
Bought by
Mccormick Eric Leigh

Purchase Details

Closed on
May 2, 1995
Sold by
Mccormick Higinia
Bought by
Mccormick Eric Leigh
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
Lam Thoakim Thi $865,000 North American Title Company
Mccormick Eric Leigh -- None Available
Mccormick Eric Leigh -- Commonwealth Title
Mccormick Eric Leigh -- --
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 Lam Thoakim Thi $648,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2019 04/16/19 Sold $865,000 -3.8% $204 / Sq Ft
03/13/2019 03/13/19 Pending -- -- --
03/04/2019 03/04/19 For Sale $899,000 -- $212 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,572 $964,920 $334,654 $630,266
2024 $12,572 $946,001 $328,093 $617,908
2023 $12,364 $927,453 $321,660 $605,793
2022 $11,615 $909,268 $315,353 $593,915
2021 $11,372 $891,440 $309,170 $582,270
2019 $5,239 $371,436 $167,507 $203,929
2018 $5,009 $364,154 $164,223 $199,931
2016 $4,585 $350,015 $157,847 $192,168
2015 $4,411 $344,758 $155,476 $189,282
2014 $4,395 $338,006 $152,431 $185,575
Source: Public Records

Agents Affiliated with this Home

  • Kristina Moore

    Seller's Agent in 2019

    Kristina Moore

    The Moore Group

    (714) 809-7608

    24 Total Sales

    Kristina Moore
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19045547

California Regional Multiple Listing Service (CRMLS)

APN: 7114-013-051

California Los Angeles County Long Beach 90805 Nehyam

6552 Orange Ave, Long Beach, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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