NOT LISTED FOR SALE

702 E 7th St Long Beach, CA 90813

East Village Neighborhood

Estimated Value: $773,000 - $990,097

4 Beds
4 Baths
1,878 Sq Ft
$470/Sq Ft Est. Value

Sale Details

Date Sold: July 14, 2016

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

Est. 58% increase in value since last sale

Current estimated payment $5,486 / mo

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

2,493 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2016
Closed on
Jul 12, 2016
Sold by
Bought by
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
$882,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$323,524
Avg. Annual Appreciation
4.68%

Purchase Details

Listed on
Apr 1, 2016
Closed on
Jul 1, 2016
Sold by
Bought by
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
Bought by

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
Bought by

Purchase Details

Closed on
Jan 26, 2006
Sold by
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Jan 28, 2000
Sold by
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Apr 8, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 11, 1996
Sold by
Bought by

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
Collateral Analytics

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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- First American Title Company
$559,000 First American Title Company
$342,000 Landsafe Title
$449,100 Landsafe Title
-- Fidelity Natl Title Mclpc
$441,000 --
-- --
-- --
$200,000 --
$135,000 American Title Co
$134,604 American Title Co
-- American Title Co
$134,000 Provident Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $335,805
Previous Owner $476,250
Previous Owner $308,700
Previous Owner $198,365
Previous Owner $141,000
Previous Owner $124,233
Closed $132,300
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,965 $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

    17 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

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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