NOT LISTED FOR SALE

Estimated Value: $786,023 - $939,000

4 Beds
2 Baths
1,656 Sq Ft
$519/Sq Ft Est. Value

Last Sold June 08, 2018

Last sale price $540,000 $326 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,968/month

5 Days on Market

Highlights

  • Gated Parking
  • Tile Flooring
  • 2 Car Garage
  • Laundry Room
  • 2 Attached Carport Spaces
  • 4-minute walk to Burton W. Chace Park

About This Home

As of June 2018

A North Long Beach Gem! Two separate house on a lot! Front unit: 792sq ft, 2 bedroom, 1 bathroom. Driveway parking for 2 cars along with a nice backyard and laundry hookups. Back Unit: 864sq ft, 2 bedroom, 1 bathroom. 2 car garage with laundry hookups and alleyway access along with 2 car gated carport!

Conveniently located near 710, 91 and 405 fwys, this property is an excellent addition to your portfolio!

Last Agent to Sell the Property

Eric Adrian

CA Property Management License #01928742 Listed on: 04/30/2018

CA Property Management

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 5,848 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • 2 Open Parking Spaces
  • 2 Attached Carport Spaces
  • Parking Available
  • Garage Door Opener
  • Gated Parking

Home Design

  • Duplex
  • Cosmetic Repairs Needed

Interior Spaces

  • 1,656 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 24 / 30
  • Tax Tract Number 5992
  • Assessor Parcel Number 7126026017

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $480
  • Insurance Expense $800
  • Water Sewer Expense $1,020
  • New Taxes Expense $6,432
  • Operating Expense $8,732
  • Gross Income $34,800
  • Net Operating Income $26,068

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1020.00
  • Zoning: LBR1N
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7126026017
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Levels: One
  • Price Per Square Foot: 326.09
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Attached Carport, Covered, Concrete, Garage, Garage Door Opener, Gated
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5848.00

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 34800.00
  • Gross Scheduled Income: 34800.00
  • Insurance Expense: 800.00
  • Net Operating Income: 26068.00
  • 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
  • Operating Expense: 8732.00
  • Rent Control: No
  • Total Actual Rent: 2900.00
  • Total Expenses: 8732.00

Tax Info

  • New Taxes Expense: 6432.00
  • Tax Area: 4992
  • Tax Block: 30
  • Tax Census Tract: 5703.04
  • Tax Lot: 24
  • Tax Tract Number: 5992

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2018
Closed on
May 9, 2018
Sold by
Treichel Ryan Stephen and Ryan S Big Fat Trust
Bought by
Chheang Michael and Taing Srun
Seller's Agent
Eric Adrian
CA Property Management
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$536,000
Sold Price
$540,000
Premium/Discount to List
$4,000
0.75%
Current Estimated Value
$821,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,271
Avg. Annual Appreciation
6.36%
Original Mortgage
$405,000
Outstanding Balance
$349,519
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$510,487

Purchase Details

Closed on
Sep 27, 2013
Sold by
Treichel Ryan Stephen
Bought by
Treichel Ryan Stephen and Ryans Big Fat Trust

Purchase Details

Closed on
Sep 25, 2013
Sold by
Currie Sarah
Bought by
Treichel Ryan Stephen

Purchase Details

Closed on
Apr 12, 2012
Sold by
Treichel Ryan Stephen
Bought by
Treichel Ryan Stephen and Currie Sarah

Purchase Details

Closed on
Apr 2, 2004
Sold by
Shaffer Vernon N and The Vernon Shaffer Trust
Bought by
Treichel Ryan Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2003
Sold by
Shaffer Vernon N
Bought by
Shaffer Vernon N and The Vernon Shaffer Trust
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
Chheang Michael $540,000 Lawyers Title Company
Treichel Ryan Stephen -- None Available
Treichel Ryan Stephen -- None Available
Treichel Ryan Stephen -- None Available
Treichel Ryan Stephen $330,000 --
Shaffer Vernon N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chheang Michael $405,000
Previous Owner Treichel Ryan Stephen $264,000
Closed Treichel Ryan Stephen $49,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2018 06/08/18 Sold $540,000 +0.7% $326 / Sq Ft
05/05/2018 05/05/18 Pending -- -- --
04/30/2018 04/30/18 For Sale $536,000 -- $324 / 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 $7,983 $614,423 $341,347 $273,076
2024 $7,983 $602,376 $334,654 $267,722
2023 $7,850 $590,566 $328,093 $262,473
2022 $7,373 $578,987 $321,660 $257,327
2021 $7,226 $567,635 $315,353 $252,282
2020 $7,208 $561,816 $312,120 $249,696
2019 $7,124 $550,800 $306,000 $244,800
2018 $5,157 $398,624 $156,218 $242,406
2016 $4,742 $383,146 $150,152 $232,994
2015 $4,554 $377,392 $147,897 $229,495
2014 $4,529 $370,000 $145,000 $225,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18099741

California Regional Multiple Listing Service (CRMLS)

APN: 7126-026-017