$635,000
SOLD FEB 14, 2013
10 Beds
4 Baths
3,264 Sq Ft
2,503 Sq Ft Lot

Recently Sold

$195 Per Sq Ft

1% Below List Price

53 Days on Market

Highlights

  • View of Trees or Woods
  • 0.06 Acre Lot
  • Corner Lot
  • Long Beach Polytechnic High School Rated A
  • Wood Flooring
  • Crown Molding

About This Home

As of June 2023

Wow! Great 1919 restored 2 story 4 plex! Situated on a nice corner lot in the Downtown, Pine Ave.,corrider! High rents, low maintenance and only few blocks to the water!. Two three bedrooms, One bath. Two threes's w/ one bath. The two's have approximately a 5'*8' additional interior area that could be utilized for an additional sleeping area, closet, storage or work station.! Some copper plumbing. Common laundry area for additional optional income. High ceiling, nice hardwood floors and great carpet! Upgraded electrical with five meters and newer circuit panel with breakers! Nice corner lot gives great sunlight exposure, and resources for off street parking! Lower units are the two bedrooms and have concrete porches. Seperate gas and electric meters. One large gas water heater w/ recirculating pump!There is a fifth s meter for the laundry room/meter water heater. A fifth electrical meter for the outside lights, laundry room. Expenses and income is deemed accurate but not guaranteed.

Last Agent to Sell the Property

Carl Mitrak

WINDERMERE DESERT PROPERTIES License #00519085 Listed on: 11/16/2012

WINDERMERE DESERT PROPERTIES

Last Buyer's Agent

Nancy Deprez

Vista Sotheby's Int'l Realty License #01899929

Vista Sotheby's Int'l Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,177

Year Built

  • Built in 1919 | Remodeled

Lot Details

  • 2,503 Sq Ft Lot
  • Lot Dimensions are 50x50
  • Corner Lot

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 3,264 Sq Ft Home
  • Crown Molding
  • Window Screens
  • Views of Woods
  • Washer

Kitchen

  • Gas Oven or Range
  • Range with Range Hood
  • Ceramic Countertops
  • Formica Countertops

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Utilities

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

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Legal Lot and Block 4 / 95
  • Tax Tract Number 42
  • Assessor Parcel Number 7281013001

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $290
  • Fuel Expense $400
  • Insurance Expense $1,100
  • Maintenance Expense $150
  • Pest Control $200
  • Supplies Expense $97
  • Trash Expense $500
  • Water Sewer Expense $1,500
  • New Taxes Expense $7,500
  • Gross Income $5,475
  • Net Operating Income $50,555

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,177

Year Built

Built in 1919 | Remodeled

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 7.91
  • Supplies Expense: 97.00
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7281013001
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceramic Counters, Crown Molding, Formica Counters
  • Flooring: Laminate, Carpet, Wood
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 194.55
  • Window Features: Screens

Exterior Features

  • Foundation: Concrete Perimeter
  • View: Trees/Woods
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Free Standing, Gas Cooking, Range Hood, Range
  • Heating Type: Natural Gas, Space Heater, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Included
  • Pest Control Expense: 200.00
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size: 50x50
  • Lot Size Sq Ft: 2503.00
  • Lot Size Acres: 0.0570

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Average2 Bed Area: 700
  • Average3 Bed Area: 900
  • Electric Expense: 290.00
  • Fuel Expense: 400.00
  • Gross Income: 5475.00
  • Gross Multiplier: 9.73
  • Gross Operating Income: 63600.00
  • Gross Scheduled Income: 65700.00
  • Insurance Expense: 1100.00
  • Maintenance Expense: 150.00
  • Net Operating Income: 50555.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number Wall A C: 2
  • Number With Drapes: 4
  • Operating Expense: 13045.00
  • Operating Expense Percent: 23.00
  • Other Expense Description: 0-
  • Vacancy Allowance: 2100

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Area: 11933
  • Tax Block: 95
  • Tax Lot: 4
  • Tax Tract Number: 42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2023
Closed on
Jun 27, 2023
Sold by
Niazi Fatima
Bought by
Niazi Faizan
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Sam Alherech
Buckingham Investments, Inc
List Price
$1,325,000
Sold Price
$1,300,000
Premium/Discount to List
-$25,000
-1.89%
Views
141
Current Estimated Value
$1,403,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,865
Avg. Annual Appreciation
3.76%
Original Mortgage
$975,000
Outstanding Balance
$951,773
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$452,092

Purchase Details

Listed on
Mar 23, 2023
Closed on
May 15, 2023
Sold by
Chieng Family Trust
Bought by
Niazi Faizan and Raja Payeman
Seller's Agent
Tyler Leeson
Marcus & Millichap RE Invest
Buyer's Agent
Sam Alherech
Buckingham Investments, Inc
List Price
$1,325,000
Sold Price
$1,300,000
Premium/Discount to List
-$25,000
-1.89%
Views
141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Outstanding Balance
$951,773
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$452,092

Purchase Details

Listed on
Feb 1, 2016
Closed on
Mar 22, 2016
Sold by
Chieng Chieh N
Bought by
Chieng Family Trust
Seller's Agent
Nancy Deprez
Vista Sotheby's Int'l Realty
Buyer's Agent
Fred Macias
Realty One Group West
List Price
$849,000
Sold Price
$799,000
Premium/Discount to List
-$50,000
-5.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%
Original Mortgage
$599,000
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 1, 2016
Closed on
Feb 3, 2016
Sold by
Well Run Properties Llc
Bought by
Chieng Chieh N and Leung Alvina Y
Seller's Agent
Nancy Deprez
Vista Sotheby's Int'l Realty
Buyer's Agent
Fred Macias
Realty One Group West
List Price
$849,000
Sold Price
$799,000
Premium/Discount to List
-$50,000
-5.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$599,000
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 16, 2012
Closed on
Apr 1, 2013
Sold by
Rupley Katherine
Bought by
Well Run Properties Llc
Seller's Agent
Carl Mitrak
WINDERMERE DESERT PROPERTIES
Buyer's Agent
Nancy Deprez
Vista Sotheby's Int'l Realty
List Price
$639,000
Sold Price
$635,000
Premium/Discount to List
-$4,000
-0.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%

Purchase Details

Listed on
Nov 16, 2012
Closed on
Jan 23, 2013
Sold by
Deprez Nancy S
Bought by
Deprez Johan
Seller's Agent
Carl Mitrak
WINDERMERE DESERT PROPERTIES
Buyer's Agent
Nancy Deprez
Vista Sotheby's Int'l Realty
List Price
$639,000
Sold Price
$635,000
Premium/Discount to List
-$4,000
-0.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,250
Interest Rate
3.29%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 16, 2012
Closed on
Jan 14, 2013
Sold by
Feldman Bradley E
Bought by
Rupley Katherine and Shea Colleen
Seller's Agent
Carl Mitrak
WINDERMERE DESERT PROPERTIES
Buyer's Agent
Nancy Deprez
Vista Sotheby's Int'l Realty
List Price
$639,000
Sold Price
$635,000
Premium/Discount to List
-$4,000
-0.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,250
Interest Rate
3.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2010
Sold by
The Bank Of New York Mellon
Bought by
Feldman Bradley E and Feldman Gloria J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2009
Sold by
Powell Tim Roger
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Aug 1, 2005
Sold by
Madsen Phillip A
Bought by
Powell Tim Roger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,500
Interest Rate
5.61%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 30, 2003
Sold by
Cutrell Inc
Bought by
Madsen Phillip A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,200
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 19, 2003
Sold by
Madsen Annette M
Bought by
Madsen Phillip A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,200
Interest Rate
5.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 23, 2002
Sold by
Ross Jamaica
Bought by
Cutrell Adam K and Cutrell Annmarie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,200
Interest Rate
7.8%

Purchase Details

Closed on
May 8, 2002
Sold by
Hud
Bought by
Ross Jamaica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.86%

Purchase Details

Closed on
Feb 12, 2002
Sold by
Homeside Lending Inc
Bought by
Hud

Purchase Details

Closed on
Oct 31, 2001
Sold by
Figuerola Humberto
Bought by
Homeside Lending Inc

Purchase Details

Closed on
Jul 14, 1999
Sold by
Pacificor Properties Inc
Bought by
Rodriguez Pedro

Purchase Details

Closed on
Apr 1, 1999
Sold by
Rodriguez Pedro
Bought by
Pacificor Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,020
Interest Rate
7.4%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 2, 1997
Sold by
Klarik Lawrence
Bought by
Rodriguez Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
7.54%

Purchase Details

Closed on
May 26, 1994
Sold by
Paul Charles
Bought by
Klarik Lawrence and Snk Investments

Purchase Details

Closed on
Mar 2, 1994
Sold by
Snk Investments
Bought by
Paul Charles

Purchase Details

Closed on
Aug 13, 1993
Sold by
Paul Charles S
Bought by
Snk Enterprises
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 Type Sale Price Title Company
Deed -- Chicago Title
Deed -- Chicago Title
Grant Deed $1,300,000 Chicago Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $799,000 Title365
Grant Deed -- None Available
Interfamily Deed Transfer -- Title365
Interfamily Deed Transfer -- Title365
Interfamily Deed Transfer -- Title365
Grant Deed $635,000 Title365
Grant Deed $462,000 Landsafe Title Of Ca Inc
Trustee Deed $435,200 Landsafe Title
Grant Deed $875,000 First American Title Ins Co
Grant Deed $599,000 Lawyers Title
Quit Claim Deed -- Lawyers Title
Interfamily Deed Transfer -- Lawyers Title
Grant Deed $369,000 Landsafe Title
Grant Deed $249,000 Stewart Title
Grant Deed $318,638 First American Title Co
Trustee Deed $318,638 First American Title Ins Co
Gift Deed -- First Southwestern Title Co
Grant Deed -- First Southwestern Title Co
Grant Deed $298,000 First Southwestern Title
Grant Deed $150,000 North American Title Co
Gift Deed -- --
Grant Deed -- --
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $975,000 New Conventional
Previous Owner $545,000 New Conventional
Previous Owner $599,000 New Conventional
Previous Owner $476,250 New Conventional
Previous Owner $345,500 New Conventional
Previous Owner $137,500 Credit Line Revolving
Previous Owner $650,000 Negative Amortization
Previous Owner $479,200 Purchase Money Mortgage
Previous Owner $295,200 No Value Available
Previous Owner $216,000 No Value Available
Previous Owner $296,020 FHA
Previous Owner $132,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2023 06/30/23 Sold $1,300,000 -1.9% $398 / Sq Ft
05/01/2023 05/01/23 Pending -- -- --
03/23/2023 03/23/23 For Sale $1,325,000 +65.8% $406 / Sq Ft
03/22/2016 03/22/16 Sold $799,000 -5.9% $228 / Sq Ft
02/13/2016 02/13/16 Pending -- -- --
09/15/2015 09/15/15 For Sale $849,000 +33.7% $243 / Sq Ft
02/14/2013 02/14/13 Sold $635,000 -0.6% $195 / Sq Ft
01/08/2013 01/08/13 Pending -- -- --
11/16/2012 11/16/12 For Sale $639,000 -- $196 / 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 $19,177 $1,352,520 $832,320 $520,200
2024 $19,177 $1,326,000 $816,000 $510,000
2023 $13,939 $909,120 $591,669 $317,451
2022 $13,121 $891,295 $580,068 $311,227
2021 $12,466 $873,820 $568,695 $305,125
2019 $12,230 $848,204 $551,828 $296,376
2018 $11,908 $831,579 $541,008 $290,571
2016 $9,367 $660,547 $457,703 $202,844
2015 $9,008 $650,626 $450,828 $199,798
2014 $8,932 $637,882 $441,997 $195,885
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: S718261

California Regional Multiple Listing Service (CRMLS)

APN: 7281-013-001