NOT LISTED FOR SALE

Estimated Value: $1,232,000 - $1,539,000

8 Beds
8 Baths
4,248 Sq Ft
$327/Sq Ft Est. Value

Last Sold July 27, 2021

Last sale price $1,200,000 $282 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $8,694/month

12 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Heating System Uses Natural Gas

About This Home

As of July 2021

Great income producing 4 plex with upside rent potential. All 4 units are 2 bed/ 2 bath, each unit is over 1,000 sq ft and comes with 1 car garage each, also plenty of street parking. Empty laundry room with hook ups for additional income. Conveniently located near 91 and 710 and the new Uptown Commons plaza. All units occupied.

Last Agent to Sell the Property

Mike Ung

HomeSmart Realty Group License #01413675 Listed on: 06/09/2021

Last Buyer's Agent

Joseph Soaris

KW Westside Estates License #01073001

KW Westside Estates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 4,878 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Apartment
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 4,248 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Living Room with Fireplace

Kitchen

  • Gas Cooktop
  • Free-Standing Range

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Water Heater

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 1
  • Tax Tract Number 21316
  • Assessor Parcel Number 7115008001

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • North Long Beach Subdivision

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,356
  • Maintenance Expense $8,334
  • Water Sewer Expense $2,146
  • Operating Expense $11,836
  • Gross Income $71,400
  • Net Operating Income $59,564

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 2146.00
  • Zoning: LBR1N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7115008001
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 282.49
  • Window Features: Screens

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Brick

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Free-Standing Range, Gas Cooktop, Water Heater
  • Heating Type: Wall Furnace, Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4878.00
  • Lot Size Acres: 0.1120

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 1062 Square Feet
  • Gross Income: 71400.00
  • Gross Scheduled Income: 71400.00
  • Insurance Expense: 1356.00
  • Lot Size Area: 4878.0000 Square Feet
  • Maintenance Expense: 8334.00
  • Net Operating Income: 59564.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 11836.00
  • Rent Control: No
  • Total Expenses: 11836.00

Tax Info

  • Tax Census Tract: 5702.02
  • Tax Lot: 1
  • Tax Tract Number: 21316

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2014
Sold by
Tuon Teany
Bought by
Tuon Teany
Current Estimated Value
$1,390,059

Purchase Details

Closed on
Sep 8, 2011
Sold by
Vo Juliette S
Bought by
Tuon Teany and Sea Mony C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,832
Outstanding Balance
$311,268
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$1,078,791

Purchase Details

Closed on
Jun 11, 2004
Sold by
Fields Floyd H and Fields Zana N
Bought by
Vo Juliette S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,400
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tuon Teany -- None Available
Tuon Teany $480,000 Fidelity National Title Co
Vo Juliette S $555,500 Landamerica Commonwealth Tit
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tuon Teany $467,832
Previous Owner Vo Juliette S $444,400
Closed Vo Juliette S $111,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2021 07/27/21 Sold $1,200,000 +4.3% $282 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/09/2021 06/09/21 For Sale $1,150,000 -- $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 $17,179 $1,273,449 $318,362 $955,087
2024 $16,428 $1,248,480 $312,120 $936,360
2023 $16,152 $1,224,000 $306,000 $918,000
2022 $15,165 $1,200,000 $300,000 $900,000
2021 $8,292 $625,464 $229,344 $396,120
2020 $8,269 $619,052 $226,993 $392,059
2019 $8,174 $606,915 $222,543 $384,372
2018 $7,905 $595,016 $218,180 $376,836
2016 $7,257 $571,912 $209,708 $362,204
2015 $6,974 $563,322 $206,558 $356,764
2014 $6,253 $491,822 $184,433 $307,389
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS21124519

California Regional Multiple Listing Service (CRMLS)

APN: 7115-008-001