$757,000
SOLD SEP 26, 2017
4 Beds
3 Baths
1,534 Sq Ft
4,219 Sq Ft Lot

Recently Sold

$493 Per Sq Ft

4% Above List Price

8 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Fremont Elementary School Rated A
  • Back Yard

About This Home

As of September 2019

What an opportunity... this duplex is in the Eastside/Circle Area of Long Beach just over 1.5 miles to the beach and 2nd Street shopping and dining. The front unit has 2 bedrooms and 1 bath currently rented for $1,885 per month and the rear unit has 2 bedrooms and 2 baths terrific for an owner occupant. The private back yard overlooks the old Red Car Greenway Park extending from Belmont Heights through the Circle Area. The owners of this property have made numerous improvements including but not limited to the following: Copper plumbing, tankless water heaters, remodeled bath, weather-proofed and repaired windows and recessed lighting. This is a terrific investment and a carefree property.

Last Agent to Sell the Property

Ross Gagnon

Coldwell Banker Realty License #01402317 Listed on: 08/17/2017

Coldwell Banker Realty

Last Buyer's Agent

Michelle Harding

Keller Williams Coastal Prop. License #01996454

Keller Williams Coastal Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,158

Year Built

  • Built in 1950

Lot Details

  • 4,219 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,534 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 018
  • Tax Tract Number 7241
  • Assessor Parcel Number 7241003018

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,400
  • Trash Expense $50
  • Water Sewer Expense $50
  • New Taxes Expense $8,700
  • Operating Expense $12,300
  • Gross Income $42,840
  • Net Operating Income $30,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,158

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Circle (CA)
  • Water Sewer Expenses: 50.00
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Parcel Number: 7241003018
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 493.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Trash Expense: 50.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 4219.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average2 Bed Area: 750 Square Feet
  • Gross Income: 42840.00
  • Gross Scheduled Income: 42840.00
  • Insurance Expense: 2400.00
  • Net Operating Income: 30540.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 12300.00
  • Rent Control: No
  • Total Actual Rent: 3570.00
  • Total Expenses: 12300.00

Tax Info

  • New Taxes Expense: 8700.00
  • Tax Census Tract: 5770.00
  • Tax Lot: 018
  • Tax Tract Number: 7241

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2019
Closed on
Aug 9, 2019
Sold by
Freede Adam and Sholl Sandra
Bought by
Schneider Gypsy
Seller's Agent
Michelle Harding
Keller Williams Coastal Prop.
Buyer's Agent
GEORGE MACIAS
M & M ASSOCIATES
List Price
$880,000
Sold Price
$880,000
Current Estimated Value
$1,192,218

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,218
Avg. Annual Appreciation
5.24%
Original Mortgage
$864,061
Interest Rate
3.3%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 17, 2017
Closed on
Sep 6, 2017
Sold by
Allen John D A
Bought by
Freede Adam and Sholl Sandra
Seller's Agent
Ross Gagnon
Coldwell Banker Realty
Buyer's Agent
Michelle Harding
Keller Williams Coastal Prop.
List Price
$724,900
Sold Price
$757,000
Premium/Discount to List
$32,100
4.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.82%
Original Mortgage
$525,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2012
Sold by
Allen John D
Bought by
Allen John D A and Allen Heather R S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,750
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2002
Sold by
Allen John Daniel Staack
Bought by
Allen John Daniel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.87%

Purchase Details

Closed on
Sep 2, 1999
Sold by
Vaneimeren Mia B
Bought by
Vaneimeren Dean J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,800
Interest Rate
7.97%

Purchase Details

Closed on
Aug 25, 1999
Sold by
Vaneimeren James J
Bought by
Vaneimeren Dean J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,800
Interest Rate
7.97%

Purchase Details

Closed on
Aug 11, 1999
Sold by
Vaneimeren Dean J
Bought by
Allen John Daniel A and Allen John Daniel Staack

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,800
Interest Rate
7.97%
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
Warranty Deed $880,000 Clearmark Title
Grant Deed $757,000 Ticor Title
Interfamily Deed Transfer -- First American Title Company
Interfamily Deed Transfer -- Gateway Title Company
Interfamily Deed Transfer -- Fidelity Title
Gift Deed -- Fidelity Title
Grant Deed $221,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $840,000 New Conventional
Previous Owner $864,061 FHA
Previous Owner $525,000 New Conventional
Previous Owner $368,000 New Conventional
Previous Owner $245,750 New Conventional
Previous Owner $50,000 Credit Line Revolving
Previous Owner $25,000 Credit Line Revolving
Previous Owner $205,000 No Value Available
Previous Owner $176,800 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2019 09/27/19 Sold $880,000 0.0% $574 / Sq Ft
08/06/2019 08/06/19 Pending -- -- --
04/10/2019 04/10/19 For Sale $880,000 +16.2% $574 / Sq Ft
09/26/2017 09/26/17 Sold $757,000 +4.4% $493 / Sq Ft
08/25/2017 08/25/17 Pending -- -- --
08/17/2017 08/17/17 For Sale $724,900 -- $473 / 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 $12,158 $962,402 $546,820 $415,582
2024 $12,158 $943,533 $536,099 $407,434
2023 $11,955 $925,034 $525,588 $399,446
2022 $11,217 $906,897 $515,283 $391,614
2021 $11,001 $889,116 $505,180 $383,936
2019 $9,748 $772,140 $540,600 $231,540
2018 $9,469 $757,000 $530,000 $227,000
2016 $3,836 $312,780 $121,276 $191,504
2015 $3,684 $308,083 $119,455 $188,628
2014 $3,664 $302,050 $117,116 $184,934
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17190675

California Regional Multiple Listing Service (CRMLS)

APN: 7241-003-018