NOT LISTED FOR SALE

6950 Long Beach Blvd Long Beach, CA 90805

Starr King Neighborhood

Estimated Value: $393,916

1 Bed
-- Bath
1,920 Sq Ft
$205/Sq Ft Est. Value

Last Sold March 13, 2021

Last sale price $320,000 $167 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,477/month

259 Days on Market

About This Home

As of March 2021

This residential property is zoned LBRS3 is in a great location situated just north of the 91 frwy close to shopping centers and stores. This is a great investment property which generates a five figure income. Do not disturb tenants and make offers subject to interior inspection.Submit offers with proof of funds pre approval and FICO scores. Hurry at this price it won't last long

Last Agent to Sell the Property

Otis Clayton

Berkshire Hathaway HSCP License #00856405 Listed on: 01/20/2020

Berkshire Hathaway HSCP

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,637

Year Built

  • Built in 1957

Lot Details

  • 2,335 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 1,920 Sq Ft Home
  • Property Attached
  • Slab Foundation
  • Shingle Roof

Bedrooms and Bathrooms

  • 1 Bedroom

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 6792
  • Assessor Parcel Number 7304002008

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $150
  • Insurance Expense $600
  • Trash Expense $20
  • Water Sewer Expense $30
  • New Taxes Expense $4,963
  • Operating Expense $5,583
  • Gross Income $28,800
  • Net Operating Income $20,095

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,637

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 30.00
  • Property Type: Residential Income
  • Parcel Number: 7304002008
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls, No One Above
  • Levels: One
  • Price Per Square Foot: 166.67

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Shingle

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 20.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2335.00
  • Lot Size Acres: 0.0536
  • Latitude Manual: 33.88025000

Multi Family

  • Electric Expense: 150.00
  • Gross Income: 28800.00
  • Gross Operating Income: 27360.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 600.00
  • Lot Size Area: 2335.0000 Square Feet
  • Net Operating Income: 20095.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 7265.00
  • Rent Control: No
  • Total Actual Rent: 2400.00
  • Total Expenses: 5583.00

Tax Info

  • New Taxes Expense: 4963.00
  • Tax Area: 5490
  • Tax Lot: 6
  • Tax Tract Number: 6792

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2020
Closed on
Feb 24, 2021
Sold by
Sanders James C and Sanders David
Bought by
Wong Raymond and Ngo Lily
Seller's Agent
Otis Clayton
Berkshire Hathaway HSCP
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$390,000
Sold Price
$320,000
Premium/Discount to List
-$70,000
-17.95%
Total Days on Market
259
Current Estimated Value
$393,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,916
Avg. Annual Appreciation
5.01%

Purchase Details

Closed on
Sep 20, 2007
Sold by
Sanders Addie B
Bought by
Sanders James C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 18, 2007
Sold by
Greater United Faith Apostolic Church
Bought by
Sanders James C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.46%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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
Wong Raymond $320,000 Orange Coast Ttl Co Of Socal
Sanders James C -- Financial Title Company
Sanders James C -- Financial Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sanders James C $195,000
Previous Owner Sanders James C $195,000
Previous Owner Greater United Faith Apostolic Church $90,000
Previous Owner Greater United Faith Apostolic Church $37,000
Previous Owner Greater United Faith Apostolic Church $2,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2021 03/13/21 Sold $320,000 -8.6% $167 / Sq Ft
08/17/2020 08/17/20 Price Changed $349,999 -7.7% $182 / Sq Ft
07/27/2020 07/27/20 Price Changed $379,000 -2.8% $197 / Sq Ft
01/20/2020 01/20/20 For Sale $390,000 -- $203 / 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
2024 $4,637 $339,586 $143,263 $196,323
2023 $4,565 $332,928 $140,454 $192,474
2022 $4,299 $326,400 $137,700 $188,700
2021 $3,507 $260,887 $139,544 $121,343
2020 $3,498 $258,213 $138,114 $120,099
2019 $3,456 $253,151 $135,406 $117,745
2018 $3,337 $248,188 $132,751 $115,437
2016 $3,061 $238,553 $127,598 $110,955
2015 $2,941 $234,971 $125,682 $109,289
2014 $2,920 $230,370 $123,221 $107,149
Source: Public Records

Agents Affiliated with this Home

  • Otis Clayton

    Seller's Agent in 2021

    Otis Clayton

    Berkshire Hathaway HSCP

    (310) 702-7097

    2 in this area

    5 Total Sales

    Otis Clayton
    Section Image

  • N

    Buyer's Agent in 2021

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    5,616 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20015795

California Regional Multiple Listing Service (CRMLS)

APN: 7304-002-008

California Los Angeles County Long Beach 90805 Starr King

6950 Long Beach Blvd, Long Beach, CA

This home is located at 6950 Long Beach Blvd, Long Beach, CA 90805 since 20 January 2020 and is currently estimated at $393,916, approximately $205 per square foot. This property was built in 1957. 6950 Long Beach Blvd is a home located in Los Angeles County with nearby schools including Starr King Elementary School, Hamilton Middle School, and Jordan High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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