NOT LISTED FOR SALE

Estimated Value: $828,747 - $1,007,000

2 Beds
1 Bath
1,791 Sq Ft
$509/Sq Ft Est. Value

Last Sold December 14, 2018

Last sale price $594,000 $332 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $5,571/month

89 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Paved or Partially Paved Lot
  • No HOA
  • Landscaped
  • Patio Home

About This Home

As of December 2018

Great Multi- family or Income property in North Long Beach! Nice neighborhood, quite area. Two units on 1 lot. Your buyers could live in one and rent the other out. Each unit has 2 bedrooms & 1 bath. Three separate garage units and two laundry areas with extra storage. Large patio slab. Yard separates these two units. Exterior has been freshly painted. New fascia board on both units. Back unit bathroom has been completely redone. New closet doors. Your buyers can add their own finishing touches to fit their taste. Nice functional floor plans in both units. Termite has been completed and cleared. Don't let your buyer miss out on this great property. Close to Freeway, beach, shopping and more. Bring your buyers offer for the best multi-family use property in the area.

Last Agent to Sell the Property

QUENZELLA DUNN

Realty Masters & Associates License #01295200 Listed on: 06/29/2018

Realty Masters & Associates

Last Buyer's Agent

Tony Salazar

AMC Realty License #01179492

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,546

Year Built

  • Built in 1965

Lot Details

  • 5,453 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Paved or Partially Paved Lot
  • Front and Side Yard Sprinklers
  • Lawn
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • Duplex
  • Patio Home
  • Entry on the 1st floor

Interior Spaces

  • 1,791 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 166
  • Tax Tract Number 10638
  • Assessor Parcel Number 7101021013

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • North Long Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Trash Expense $1
  • Water Sewer Expense $720
  • New Taxes Expense $1,109
  • Operating Expense $3,030
  • Gross Income $30,600
  • Net Operating Income $28,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,546

Year Built

Built in 1965

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 299500
  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 720.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7101021013
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: unit 1 front, side & rear. 2nd unit stairs to apt
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 331.66

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: Yes
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1.00
  • 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, Front Yard, Landscaped, Lawn, Patio Home, Paved, Sprinkler System, Sprinklers In Front, Sprinklers On Side
  • Lot Size Sq Ft: 5453.00
  • Lot Size Acres: 0.1252

Multi Family

  • Gross Income: 30600.00
  • Gross Scheduled Income: 38400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5453.0000 Square Feet
  • Net Operating Income: 28000.00
  • 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: 2300.00
  • Rent Control: No
  • Total Expenses: 3030.00

Tax Info

  • New Taxes Expense: 1109.00
  • Tax Census Tract: 5702.02
  • Tax Lot: 166
  • Tax Tract Number: 10638

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2018
Closed on
Oct 22, 2018
Sold by
Cobian Valentin B Martinez
Bought by
Meza Grisel
Seller's Agent
QUENZELLA DUNN
Realty Masters & Associates
Buyer's Agent
Tony Salazar
AMC Realty
List Price
$599,000
Sold Price
$594,000
Premium/Discount to List
-$5,000
-0.83%
Current Estimated Value
$911,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,937
Avg. Annual Appreciation
5.95%
Original Mortgage
$583,241
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 3, 2018
Sold by
Bartholomew James and Bartholomew Joyce
Bought by
Meza Ricardo and Meza Grisel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$583,241
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 23, 2005
Sold by
Bartholomew James and Bartholomew Joyce
Bought by
Bartholomew James and Bartholomew Joyce

Purchase Details

Closed on
Jan 18, 2002
Sold by
Bartholomew Joyce L and Wilson Anna L
Bought by
Bartholomew James and Bartholomew Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,000
Interest Rate
7.04%
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
Meza Grisel -- Orange Coast Title Co
Meza Ricardo $594,000 Orange Coast Title Company
Bartholomew James -- --
Bartholomew James -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Meza Ricardo $583,241
Previous Owner Barholomew James $365,700
Previous Owner Bartholomew James $365,000
Previous Owner Bartholomew James $85,000
Previous Owner Bartholomew James $35,000
Previous Owner Bartholomew James $146,000
Previous Owner Bartholomew James $143,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2018 12/14/18 Sold $594,000 +0.8% $332 / Sq Ft
09/26/2018 09/26/18 Pending -- -- --
09/15/2018 09/15/18 Price Changed $589,000 -1.7% $329 / Sq Ft
08/29/2018 08/29/18 For Sale $599,000 0.0% $334 / Sq Ft
07/19/2018 07/19/18 Pending -- -- --
06/29/2018 06/29/18 For Sale $599,000 -- $334 / 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 $8,546 $662,613 $334,654 $327,959
2024 $8,546 $649,622 $328,093 $321,529
2023 $8,409 $636,885 $321,660 $315,225
2022 $7,902 $624,398 $315,353 $309,045
2021 $7,750 $612,156 $309,170 $302,986
2020 $7,730 $605,880 $306,000 $299,880
2019 $8,233 $594,000 $300,000 $294,000
2018 $1,122 $63,510 $18,715 $44,795
2016 $1,025 $61,046 $17,990 $43,056
2015 $989 $60,130 $17,720 $42,410
2014 $994 $58,953 $17,373 $41,580
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV18157604

California Regional Multiple Listing Service (CRMLS)

APN: 7101-021-013