NOT LISTED FOR SALE

Estimated Value: $672,000 - $922,000

3 Beds
2 Baths
1,411 Sq Ft
$560/Sq Ft Est. Value

Last Sold July 02, 2015

Last sale price $460,000 $326 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,889/month

15 Days on Market

Highlights

  • Contemporary Architecture
  • Recessed Lighting
  • Forced Air Heating System
  • No HOA
  • Laundry Room
  • Turnkey

About This Home

As of July 2015

WOW-WOW-WOW--Standard Sale-- Gem for sale in the heart of Long Beach. (Separate Meters for Power and Gas) Location! Location! Location! Look no further. 2 UNITS. Live in one and rent the other! Walking distance to shops and restaurants, public transportation, parks, schools and more.... The newly refurbished front unit has 2 large bedrooms and 1 baths and has been completely remodeled. The back unit is a 1 bedroom and 1 bath it features new laminate wood flooring throughout each unit. New tile flooring and new cabinets and granite counter tops in the kitchen. An open floor plan. Spacious, Spacious, Spacious bedrooms have new carpet and base boards. The exterior has new stucco.

Last Agent to Sell the Property

Mark Perez

Circle Real Estate License #01279393 Listed on: 05/15/2015

Circle Real Estate

Last Buyer's Agent

Laura Navarro

Century 21 Realty Masters License #01488614

Century 21 Realty Masters

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,116

Year Built

  • Built in 1948

Lot Details

  • 6,761 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Brick Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Contemporary Architecture
  • Turnkey
  • Raised Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,411 Sq Ft Home
  • Recessed Lighting
  • Family Room with Fireplace
  • Laminate Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Utilities

  • Forced Air Heating System
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 94
  • Tax Tract Number 14111
  • Assessor Parcel Number 7304025007

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $700
  • Maintenance Expense $300
  • Net Operating Income $32,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,116

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 700.00
  • Parcel Number: 7304025007
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Recessed Lighting
  • Entry Location: Ground Level With Steps
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 326.01

Exterior Features

  • Foundation: Raised
  • Fencing: Brick, Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6761.00
  • Price Per Lot Square Foot: 68.04
  • Lot Size Acres: 0.1550

Multi Family

  • Gross Scheduled Income: 33600.00
  • Lot Size Area: 6761.0000 Square Feet
  • Maintenance Expense: 300.00
  • Net Operating Income: 32600.00
  • 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: 1000.00
  • Rent Control: No

Tax Info

  • Tax Lot: 94
  • Tax Tract Number: 14111
  • Tax Annual Amount: 3116.00
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2018
Sold by
Pel Sopheaktra
Bought by
Pel Sopheaktra and Sok Sokunthea
Current Estimated Value
$789,946

Purchase Details

Listed on
May 15, 2015
Closed on
Jun 24, 2015
Sold by
Coast Equity Partners Llc
Bought by
Pel Sopheaktra
Seller's Agent
Mark Perez
Circle Real Estate
Buyer's Agent
Laura Navarro
Century 21 Realty Masters
List Price
$449,900
Sold Price
$460,000
Premium/Discount to List
$10,100
2.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.50%
Original Mortgage
$421,245
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 6, 2014
Closed on
Jan 13, 2015
Sold by
Reich Melvin and Reich Gloria
Bought by
Coast Equity Partners Llc
Seller's Agent
William Blalark
Urban Realtists
Buyer's Agent
Leslie Cruz
Keller Williams Pacific Estates
List Price
$275,000
Sold Price
$294,000
Premium/Discount to List
$19,000
6.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
206.21%
Original Mortgage
$280,000
Interest Rate
3.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 12, 2013
Sold by
Reich Melvin
Bought by
Reich Melvin and Reich Gloria

Purchase Details

Closed on
Mar 8, 2010
Sold by
Sd Seaport Lp
Bought by
Reich Melvin and Reich Betty

Purchase Details

Closed on
Oct 26, 2009
Sold by
Tapia Felix
Bought by
Sd Seaport Lp

Purchase Details

Closed on
Feb 25, 2002
Sold by
Tapia Felix and Tapia Armando
Bought by
Tapia Felix

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.8%

Purchase Details

Closed on
Mar 21, 2000
Sold by
Tapia Leticia
Bought by
Tapia Felix

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,948
Interest Rate
8.38%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 7, 1997
Sold by
Barnard Eleanor M
Bought by
Tapia Felix and Tapia Armando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,276
Interest Rate
7.98%
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
Pel Sopheaktra -- None Available
Pel Sopheaktra $460,000 Fidelity National Title Co
Coast Equity Partners Llc $294,000 Fidelity National Title
Reich Melvin -- None Available
Reich Melvin -- None Available
Reich Melvin $232,500 Stewart Title Of Ca Inc
Sd Seaport Lp $184,081 Accommodation
Tapia Felix -- Gateway Title Company
Tapia Felix -- Fidelity National Title Co
Tapia Felix $137,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pel Sopheaktra $494,000
Closed Pel Sopheaktra $487,500
Closed Pel Sopheaktra $419,234
Closed Pel Sopheaktra $421,245
Previous Owner Coast Equity Partners Llc $280,000
Previous Owner Tapia Felix $378,000
Previous Owner Tapia Felix $255,000
Previous Owner Tapia Felix $200,000
Previous Owner Tapia Felix $150,000
Previous Owner Tapia Felix $145,948
Previous Owner Tapia Felix $135,276
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2015 07/02/15 Sold $460,000 +2.2% $326 / Sq Ft
05/30/2015 05/30/15 Pending -- -- --
05/15/2015 05/15/15 For Sale $449,900 +53.0% $319 / Sq Ft
02/06/2015 02/06/15 Sold $294,000 +6.9% $208 / Sq Ft
01/05/2015 01/05/15 Pending -- -- --
09/06/2014 09/06/14 For Sale $275,000 -- $195 / 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 $7,023 $544,538 $272,269 $272,269
2024 $7,023 $533,862 $266,931 $266,931
2023 $6,911 $523,396 $261,698 $261,698
2022 $6,499 $513,134 $256,567 $256,567
2021 $6,374 $503,074 $251,537 $251,537
2020 $6,357 $497,916 $248,958 $248,958
2019 $6,280 $488,154 $244,077 $244,077
2018 $6,053 $478,584 $239,292 $239,292
2016 $5,564 $460,000 $230,000 $230,000
2015 $3,130 $249,707 $161,102 $88,605
2014 -- $244,817 $157,947 $86,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS15104545

California Regional Multiple Listing Service (CRMLS)

APN: 7304-025-007