NOT LISTED FOR SALE

Estimated Value: $914,000 - $1,206,212

4 Beds
3 Baths
2,428 Sq Ft
$433/Sq Ft Est. Value

Last Sold June 23, 2017

Last sale price $720,000 $297 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $6,749/month

18 Days on Market

About This Home

As of June 2017

Classic mid-century 4-plex with great cash flow. Front house is currently configured as a 4-bedroom, 2-bath. Rear building features 3 large studio apartments over 4 garages which are rented separately. Fully rented with solid tenants and great ROI. Well-maintained, 1-year-old roof on both buildings. Separate gas and electric meters. No rent control area with solid, long-term, month-to-month tenants make this property very flexible to either keep the tenants, increase the rents, and/or an end-user can move in. Perfect for investor or VA/FHA owner-occupied investment. Close to Bixby Knolls and freeway access.

Last Listed By

Eileen Rivera

GE Dean and Associates License #01208517 Listed on: 04/20/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,007

Year Built

  • Built in 1938

Lot Details

  • 7,053 Sq Ft Lot
  • No Common Walls

Parking

  • 4 Car Garage

Home Design

  • 2,428 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 40
  • Tax Tract Number 6197
  • Assessor Parcel Number 7132008024

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,000
  • Water Sewer Expense $1,800
  • Operating Expense $3,700
  • Gross Income $58,800
  • Net Operating Income $56,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,007

Year Built

Built in 1938

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1800.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7132008024
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 296.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Unknown
  • Water Source: Other

Condo/Co-op/Association

  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7053.00

Rental Info

  • Garage Rental Rate: 150.00

Multi Family

  • Gross Income: 58800.00
  • Gross Scheduled Income: 58800.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 56100.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 2700.00
  • Rent Control: No
  • Total Expenses: 3700.00

Tax Info

  • Tax Census Tract: 5717.01
  • Tax Lot: 40
  • Tax Tract Number: 6197

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2017
Closed on
May 9, 2017
Sold by
Miller Sharon L and Sharon L Miller Revocable Trus
Bought by
Mau Yvan and Mau Seong Hye
Seller's Agent
Eileen Rivera
GE Dean and Associates
Buyer's Agent
Cathy Lee
Sterling Pacific Real Estate
List Price
$700,000
Sold Price
$720,000
Premium/Discount to List
$20,000
2.86%
Total Days on Market
18
Current Estimated Value
$1,052,053

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,053
Avg. Annual Appreciation
5.79%
Original Mortgage
$538,500
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2006
Sold by
Miller Sharon L
Bought by
Miller Sharon L and Sharon L Miller Revocable Trus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,000
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 16, 2005
Sold by
Ascencio Humberto and Ascencio Carlos
Bought by
Miller Sharon L and Sharon L Miller Revocable Trus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
5.26%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 11, 2004
Sold by
Ascencio Carlos and Ascencio Humberto
Bought by
Ascencio Humberto and Ascencio Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,200
Interest Rate
5.85%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 18, 2001
Sold by
Salas Alfredo
Bought by
Ascencio Carlos and Ascencio Humberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,705
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 26, 2000
Sold by
Cole Rosemary
Bought by
Salas Alfredo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,085
Interest Rate
7.89%
Mortgage Type
FHA

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
Mau Yvan $720,000 Ticor Title
Miller Sharon L -- None Available
Miller Sharon L -- North American Title Co
Miller Sharon L -- North American Title Co
Miller Sharon L $630,000 United Title Company-La
Ascencio Humberto -- United Title
Ascencio Humberto -- United Title
Ascencio Carlos $260,000 Fidelity National Title
Salas Alfredo $147,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mau Yvan $530,000
Closed Mau Yvan $538,500
Previous Owner Miller Sharon L $467,000
Previous Owner Miller Sharon L $472,500
Previous Owner Ascencio Humberto $339,200
Previous Owner Ascencio Carlos $250,705
Previous Owner Salas Alfredo $145,085
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2017 06/23/17 Sold $720,000 +2.9% $297 / Sq Ft
05/08/2017 05/08/17 Pending -- -- --
04/20/2017 04/20/17 For Sale $700,000 -- $288 / 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
2024 $11,007 $819,233 $341,347 $477,886
2023 $10,819 $803,170 $334,654 $468,516
2022 $10,164 $787,423 $328,093 $459,330
2021 $9,955 $771,984 $321,660 $450,324
2020 $9,930 $764,989 $318,362 $446,627
2019 $9,814 $750,008 $312,120 $437,888
2018 $9,512 $735,320 $306,000 $429,320
2016 $7,301 $580,000 $315,000 $265,000
2015 $6,493 $525,000 $285,000 $240,000
2014 $6,582 $525,000 $285,000 $240,000
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS17084572

California Regional Multiple Listing Service (CRMLS)

APN: 7132-008-024