NOT LISTED FOR SALE

Estimated Value: $795,000 - $937,000

2 Beds
1 Bath
1,400 Sq Ft
$604/Sq Ft Est. Value

Last Sold March 16, 2020

Last sale price $675,000 $482 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $5,286/month

13 Days on Market

Highlights

  • Corner Lot
  • Tile Flooring
  • Wall Furnace
  • Laundry Room

About This Home

As of March 2020

Get your single family home feel while generating income from the other unit. Both units feature two bedrooms and one bath. Two separate electric meters make it a great rental property. Both units have been recently updated with trendy laminate flooring in the living space, tile floors and white cabinets in the kitchen and bright bathrooms. The corner lot optimizes space and provides for a nice back patio and back yard. In addition the units have two one car garages and a side by side driveway. The location, close to the 710 and 91 freeways is convenient for commuting, yet the home is tucked away in a quiet neighborhood!

Last Agent to Sell the Property

Costanza Genoese Zerbi

eXp Realty of Greater Los Angeles License #01941438 Listed on: 01/29/2020

eXp Realty of Greater Los Angeles

Last Buyer's Agent

Jin Ro

Regency Real Estate Brokers License #01826936

Regency Real Estate Brokers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,430

Year Built

  • Built in 1932

Lot Details

  • 5,181 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 2 Car Garage

Home Design

  • 1,400 Sq Ft Home

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas Dryer Hookup

Additional Features

  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 16 / 8
  • Tax Tract Number 6521
  • Assessor Parcel Number 7124018016

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,200
  • Fuel Expense $600
  • Insurance Expense $1,200
  • Trash Expense $300
  • Water Sewer Expense $600
  • New Taxes Expense $7,500
  • Operating Expense $11,400
  • Gross Income $43,500
  • Net Operating Income $1,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,430

Year Built

Built in 1932

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 600.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7124018016
  • Year Built: 1932
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Price Per Square Foot: 482.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Garage
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5181.00
  • Lot Size Acres: 0.1189

Multi Family

  • Average1 Bed Area: 675 Square Feet
  • Average2 Bed Area: 675 Square Feet
  • Electric Expense: 1200.00
  • Fuel Expense: 600.00
  • Gross Income: 43500.00
  • Gross Scheduled Income: 43500.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5181.0000 Square Feet
  • Net Operating Income: 1600.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 100.00
  • Rent Control: No
  • Total Expenses: 11400.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Block: 8
  • Tax Census Tract: 5705.01
  • Tax Lot: 16
  • Tax Tract Number: 6521

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2021
Sold by
Hickman James and Kelley Veronica
Bought by
Hickman-Kelleyfamily Trust and Hickman
Current Estimated Value
$845,387

Purchase Details

Listed on
Jan 29, 2020
Closed on
Feb 14, 2020
Sold by
Estrada Fermin and Estrada Erica
Bought by
Hickman James and Kelley Veronica
Seller's Agent
Costanza Genoese Zerbi
eXp Realty of Greater Los Angeles
Buyer's Agent
Jin Ro
Regency Real Estate Brokers
List Price
$679,000
Sold Price
$675,000
Premium/Discount to List
-$4,000
-0.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.15%
Original Mortgage
$472,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 25, 2014
Sold by
Montgomery Kenice T
Bought by
Estrada Fermin and Estrada Erica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,001
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 20, 2008
Sold by
Arreola Jose C
Bought by
Mathews Kenice T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,321
Interest Rate
6.47%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 2, 2006
Sold by
Arreola Jose C
Bought by
Gayden Terril

Purchase Details

Closed on
Sep 20, 2006
Sold by
Duarte Xochilt and Santamaria Carlos A D
Bought by
Arreola Jose C

Purchase Details

Closed on
Jun 8, 2006
Sold by
Arreola Jose C
Bought by
Duarte Xochilt

Purchase Details

Closed on
Mar 13, 2006
Sold by
Orozco Aracely and Reyes Tomas
Bought by
Arreola Jose C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
7.72%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 24, 2003
Sold by
Orozco Nancy and Reyes Tomas
Bought by
Reyes Tomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
5.97%

Purchase Details

Closed on
Oct 31, 2002
Sold by
Orozco Sigifredo and Orozco Clementina
Bought by
Orozco Nancy

Purchase Details

Closed on
Apr 13, 1998
Sold by
Mccarthy Lovey E
Bought by
Del Mar South Bay Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,904
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 1998
Sold by
Del Mar South Bay Inc
Bought by
Orozco Araceli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,904
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 27, 1998
Sold by
Mccarthy Richard E
Bought by
Mccarthy Lovey E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,904
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 1996
Sold by
Mccarthy Richard E
Bought by
Mccarthy Lovey E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,250
Interest Rate
8.37%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 12, 1996
Sold by
Federal National Mortgage Association
Bought by
Mccarthy Lovey E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,250
Interest Rate
8.37%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 1, 1996
Sold by
Jones Clois L and Federal National Mortgage Asso
Bought by
Federal National Mortgage Association
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
Hickman-Kelleyfamily Trust -- None Listed On Document
Hickman James $675,000 First American Title Company
Estrada Fermin $385,000 First American Title Company
Montgomery Kenice T -- First American Title Company
Mathews Kenice T $290,000 First American Title Company
Arreola Jose C -- First American Title Company
Gayden Terril -- None Available
Arreola Jose C -- None Available
Duarte Xochilt -- None Available
Arreola Jose C $540,000 Ticor Title
Reyes Tomas -- First American Title Co
Orozco Nancy -- --
Del Mar South Bay Inc -- Investors Title Company
Orozco Araceli $150,000 Investors Title Company
Mccarthy Lovey E -- Investors Title Company
Mccarthy Lovey E -- Investors Title Company
Mccarthy Lovey E $85,000 Investors Title Company
Federal National Mortgage Association $106,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hickman James $472,500
Previous Owner Estrada Fermin $378,001
Previous Owner Mathews Kenice T $280,321
Previous Owner Arreola Jose C $432,000
Previous Owner Reyes Tomas $211,500
Previous Owner Del Mar South Bay Inc $2,904
Previous Owner Orozco Araceli $147,597
Previous Owner Mccarthy Lovey E $2,904
Previous Owner Mccarthy Lovey E $72,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2020 03/16/20 Sold $675,000 -0.6% $482 / Sq Ft
01/29/2020 01/29/20 For Sale $679,000 -- $485 / 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 $9,430 $738,208 $328,093 $410,115
2024 $9,430 $723,734 $321,660 $402,074
2023 $9,272 $709,544 $315,353 $394,191
2022 $8,703 $695,632 $309,170 $386,462
2021 $8,533 $681,993 $303,108 $378,885
2020 $5,487 $423,089 $203,302 $219,787
2019 $5,424 $414,794 $199,316 $215,478
2018 $9,899 $406,661 $195,408 $211,253
2017 $9,844 $398,688 $191,577 $207,111
2016 $4,818 $390,871 $187,821 $203,050
2015 $4,626 $385,000 $185,000 $200,000
2014 $3,772 $304,640 $210,097 $94,543
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20020222

California Regional Multiple Listing Service (CRMLS)

APN: 7124-018-016