NOT LISTED FOR SALE

Estimated Value: $792,752 - $965,000

5 Beds
2 Baths
1,520 Sq Ft
$570/Sq Ft Est. Value

Last Sold February 21, 2020

Last sale price $627,000 $412 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $5,418/month

7 Days on Market

About This Home

As of February 2020

Ideal investment opportunity for investor or owner occupied. Situated on a corner lot in North Long Beach. Upgraded windows and roof.

Last Agent to Sell the Property

Stephon Carradine

Stephon Carradine, Broker License #01136467 Listed on: 01/02/2020

Stephon Carradine, Broker

Last Buyer's Agent

Miguel Gurza

eXp Realty of California Inc License #01919875

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,796

Year Built

  • Built in 1928

Lot Details

  • 4,339 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • 1,520 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Legal Lot and Block 14 / 8
  • Tax Tract Number 10255
  • Assessor Parcel Number 7116012050

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1
  • Trash Expense $1
  • New Taxes Expense $1
  • Operating Expense $1
  • Gross Income $44,400
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,796

Year Built

Built in 1928

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7116012050
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 412.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Landscaped
  • Lot Size Sq Ft: 4339.00
  • Lot Size Acres: 0.0996

Multi Family

  • Gross Income: 44400.00
  • Gross Scheduled Income: 44400.00
  • Insurance Expense: 1.00
  • Lot Size Area: 4339.0000 Square Feet
  • Net Operating Income: 1.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 1.00
  • Rent Control: No
  • Total Expenses: 1.00

Tax Info

  • New Taxes Expense: 1.00
  • Tax Block: 8
  • Tax Census Tract: 5702.02
  • Tax Lot: 14
  • Tax Tract Number: 10255

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2020
Closed on
Feb 19, 2020
Sold by
Harris Patricia
Bought by
Crowley Chung and Bell Mark
Seller's Agent
Stephon Carradine
Stephon Carradine, Broker
Buyer's Agent
Miguel Gurza
eXp Realty of California Inc
List Price
$599,000
Sold Price
$627,000
Premium/Discount to List
$28,000
4.67%
Current Estimated Value
$866,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,688
Avg. Annual Appreciation
5.38%
Original Mortgage
$470,250
Outstanding Balance
$418,143
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$420,411

Purchase Details

Closed on
Jan 7, 2009
Sold by
Consumer Solutions Reo Llc
Bought by
Harris Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,571
Interest Rate
5.03%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 12, 2008
Sold by
Lewis Jock E and Lewis Kindall C
Bought by
Consumer Solutions Reo Llc

Purchase Details

Closed on
Nov 15, 2004
Sold by
Oconnor Linda
Bought by
Oconnor Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.79%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 9, 2004
Sold by
Beu Kathleen P and Oconnor Trust
Bought by
Oconnor Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.79%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 25, 2004
Sold by
Oconnor Michael
Bought by
Lewis Jock E and Lewis Kindall C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.79%
Mortgage Type
Seller Take Back
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
Crowley Chung $627,000 Fidelity National Title Co
Harris Patricia $340,000 First American Title Company
Consumer Solutions Reo Llc $606,048 None Available
Oconnor Michael -- Chicago Title Company
Oconnor Michael -- Chicago Title Company
Lewis Jock E $400,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crowley Chung $470,250
Previous Owner Aflleje Mark Anthony $15,575
Previous Owner Harris Patricia $87,900
Previous Owner Harris Patricia $121,038
Previous Owner Harris Patricia $335,571
Previous Owner Lewis Jock E $540,000
Previous Owner Lewis Jock E $16,136
Previous Owner Lewis Jock E $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2020 02/21/20 Sold $627,000 +4.7% $413 / Sq Ft
01/09/2020 01/09/20 Pending -- -- --
01/09/2020 01/09/20 For Sale $599,000 -4.5% $394 / Sq Ft
01/06/2020 01/06/20 Off Market $627,000 -- --
01/02/2020 01/02/20 For Sale $599,000 -- $394 / 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 $8,796 $685,712 $357,619 $328,093
2024 $8,796 $672,267 $350,607 $321,660
2023 $8,649 $659,086 $343,733 $315,353
2022 $8,119 $646,164 $336,994 $309,170
2021 $7,958 $633,495 $330,387 $303,108
2020 $5,217 $400,337 $164,843 $235,494
2019 $9,430 $392,488 $161,611 $230,877
2018 $9,248 $384,793 $158,443 $226,350
2016 $4,576 $369,853 $152,292 $217,561
2015 $4,394 $364,299 $150,005 $214,294
2014 $4,370 $357,164 $147,067 $210,097
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS20001612

California Regional Multiple Listing Service (CRMLS)

APN: 7116-012-050