NOT LISTED FOR SALE

702 E 7th St Long Beach, CA 90813

East Village Neighborhood

Estimated Value: $742,000 - $1,062,000

4 Beds
4 Baths
1,878 Sq Ft
$504/Sq Ft Est. Value

Last Sold July 14, 2016

Last sale price $559,000 $298 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $5,672/month

94 Days on Market

Highlights

  • Marina
  • 2,493 Sq Ft lot
  • Private Yard
  • Long Beach Polytechnic High School Rated A
  • Multi-Level Bedroom
  • No HOA

About This Home

As of July 2016

Incredible Victorian Four-Plex. This beautiful rental building with four 1-bedroom units is TURN-KEY with new paint, new laminate floors downstairs, and carpet upstairs. The units were completely renovated with new kitchens including granite counter tops and tile in bathrooms.

If you've been looking for a GREAT DEAL on an income property in a good rental area, don't delay. Each unit offers one bedroom and one bath, on a corner lot in Downtown Long Beach. This is a fantastic CASH FLOW opportunity to purchase a building in redeveloped and booming Long Beach. Only blocks from the ocean, Shoreline Village, the Pike, shopping & all the advantages that the area provides. This one won't last.

Each unit already has its own breakers so it would require separating into 4 panels and meters. No rewiring needed.

Last Agent to Sell the Property

Duilio Muller

DUILIO MULLER, BROKER Listed on: 04/01/2016

Last Buyer's Agent

Scott Mahan

Buckingham Investments, Inc. License #01955305

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1905

Lot Details

  • 2,493 Sq Ft Lot
  • Private Yard

Interior Spaces

  • 1,878 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Multi-Level Bedroom
  • 4 Full Bathrooms

Utilities

  • Cooling Available
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 2 / 47
  • Assessor Parcel Number 7274019003

Community Details

Overview

  • No Home Owners Association

Recreation

  • Marina

Home Details

Home Type

Single Family

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Alamitos Beach (AB)
  • View: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 7274019003
  • Year Built: 1905
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1878.00
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Levels: Two
  • Price Per Square Foot: 297.66
  • Room Type: Multi-Level Bedroom

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Sewer Connected
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 2493.00
  • Price Per Lot Square Foot: 224.23

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1
  • Waterfront Features: Marina in Community

Tax Info

  • Tax Block: 47
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2016
Closed on
Jul 12, 2016
Sold by
Vanhulst Lambert
Bought by
Raventos Jacqueline Valerie
Seller's Agent
Duilio Muller
DUILIO MULLER, BROKER
Buyer's Agent
Scott Mahan
Buckingham Investments, Inc.
List Price
$599,900
Sold Price
$559,000
Premium/Discount to List
-$40,900
-6.82%
Current Estimated Value
$946,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$387,196
Avg. Annual Appreciation
5.73%

Purchase Details

Listed on
Apr 1, 2016
Closed on
Jul 1, 2016
Sold by
Raventos Jacqueline Valerie
Bought by
Bryant Family Trust
Seller's Agent
Duilio Muller
DUILIO MULLER, BROKER
Buyer's Agent
Scott Mahan
Buckingham Investments, Inc.
List Price
$599,900
Sold Price
$559,000
Premium/Discount to List
-$40,900
-6.82%

Purchase Details

Closed on
Jul 15, 2009
Sold by
Bank Of New York
Bought by
Raventos Jacqueline Valerie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,805
Interest Rate
5.3%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 7, 2008
Sold by
Zoljic Melita
Bought by
Bank Of New York and Cwmbs Inc Chl Mortgage Pass Through Trus

Purchase Details

Closed on
Jan 26, 2006
Sold by
Zoljic Mensur
Bought by
Zoljic Mensur and Zoljic Melita

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
7.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 9, 2005
Sold by
Youngerman Nancy
Bought by
Zoljic Mensur and Zoljic Melita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,700
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2000
Sold by
Mochidome Kanji
Bought by
Youngerman Nancy

Purchase Details

Closed on
Jan 28, 2000
Sold by
Blasetti Marc Paul
Bought by
Ou Steven Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,365
Interest Rate
8.26%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 8, 1999
Sold by
Hud
Bought by
Blasetti Marc Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,365
Interest Rate
8.26%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 13, 1998
Sold by
Rodriguez Alejandro
Bought by
Old Kent Mtg Company

Purchase Details

Closed on
Apr 8, 1998
Sold by
Old Kent Mtg Company
Bought by
Hud

Purchase Details

Closed on
Oct 11, 1996
Sold by
Morales Cruz
Bought by
Rodriguez Alejandro and Soltero Bertha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,233
Interest Rate
7.86%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Raventos Jacqueline Valerie -- First American Title Company
Bryant Family Trust $559,000 First American Title Company
Raventos Jacqueline Valerie $342,000 Landsafe Title
Bank Of New York $449,100 Landsafe Title
Zoljic Mensur -- Fidelity Natl Title Mclpc
Zoljic Mensur $441,000 --
Youngerman Nancy -- --
Youngerman Nancy -- --
Ou Steven Y $200,000 --
Blasetti Marc Paul $135,000 American Title Co
Old Kent Mtg Company $134,604 American Title Co
Hud -- American Title Co
Rodriguez Alejandro $134,000 Provident Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Raventos Jacqueline Valerie $335,805
Previous Owner Zoljic Mensur $476,250
Previous Owner Zoljic Mensur $308,700
Previous Owner Ou Steven Y $198,365
Previous Owner Blasetti Marc Paul $141,000
Previous Owner Rodriguez Alejandro $124,233
Closed Zoljic Mensur $132,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2016 07/14/16 Sold $559,000 -1.8% $298 / Sq Ft
07/04/2016 07/04/16 Pending -- -- --
06/03/2016 06/03/16 Price Changed $569,000 -2.7% $303 / Sq Ft
04/24/2016 04/24/16 Price Changed $584,900 -2.5% $311 / Sq Ft
04/01/2016 04/01/16 For Sale $599,900 -- $319 / 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 $8,582 $648,759 $417,807 $230,952
2024 $8,582 $636,039 $409,615 $226,424
2023 $8,431 $623,569 $401,584 $221,985
2022 $7,918 $611,343 $393,710 $217,633
2021 $7,751 $599,357 $385,991 $213,366
2020 $7,732 $593,213 $382,034 $211,179
2019 $7,640 $581,583 $374,544 $207,039
2018 $7,446 $570,180 $367,200 $202,980
2016 $4,832 $372,915 $261,696 $111,219
2015 $4,645 $367,315 $257,766 $109,549
2014 $4,630 $360,121 $252,717 $107,404
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Duilio Muller

    DUILIO MULLER, BROKER

    (951) 347-4476

    18 Total Sales

    Duilio Muller
    Section Image

  • S

    Buyer's Agent in 2016

    Scott Mahan

    Buckingham Investments, Inc.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV16067318

California Regional Multiple Listing Service (CRMLS)

APN: 7274-019-003

California Los Angeles County Long Beach 90802 East Village

702 E 7th St, Long Beach, CA

Not Listed for Sale

Detached

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