NOT LISTED FOR SALE

Estimated Value: $1,682,000 - $1,983,314

9 Beds
9 Baths
4,480 Sq Ft
$409/Sq Ft Est. Value

Last Sold May 22, 2017

Last sale price $1,275,000 $285 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $11,160/month

77 Days on Market

Highlights

  • No HOA
  • Landscaped
  • 4-minute walk to Rose Park
  • Woodrow Wilson High School Rated A
  • Paved or Partially Paved Lot

About This Home

As of May 2017

Almost $50,000 under the seller's appraised value in November, 2016. Excellent Opportunity to own an investment property in the Rose Park Neighborhood of Long Beach. Rose Park is one of Long Beach's coveted rental neighborhoods offering perspective tenants reasonable rents and proximity to some of the area's most alluring attractions. Blocks to the beach and a short walk to the 4th Street Vintage Shopping and Dining District. This large 4 unit property was built in 1980, it has a large owners unit that is a two story 3-bedroom, 3 bath, with a loft, private patio, attached single car garage that has the laundry hook-ups. This owner's unit is approximately 1,560 sq. ft. and is perfect for a owner user. Then there are three additional 2-bdrm/ 2-bath units, and three double car garages. This building has great parking for all the tenants. Whether you plan to purchase this property as an investment or live in the owners unit and have the other units help pay the mortgage, it is a great time to purchase. Drive by only! Do Not Walk On The Property or Disturb Tenants!

Last Agent to Sell the Property

Kristie Pabst

Pabst, Kinney & Associates License #00804122 Listed on: 02/09/2017

Last Buyer's Agent

Spencer Pabst

Pabst, Kinney & Associates License #01849377

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 6,724 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Paved or Partially Paved Lot

Parking

  • 7 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,480 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 31
  • Tax Tract Number 5769
  • Assessor Parcel Number 7262017018

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 2 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $372
  • Gardener Expense $600
  • Insurance Expense $2,044
  • Maintenance Expense $1,672
  • Pest Control $592
  • Water Sewer Expense $1,570
  • New Taxes Expense $14,300
  • Operating Expense $21,892
  • Gross Income $5,510
  • Net Operating Income $44,228

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Parking

7

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1570.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7262017018
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 284.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Pest Control Expense: 592.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Paved
  • Lot Size Sq Ft: 6724.00

Multi Family

  • Electric Expense: 372.00
  • Gross Income: 5510.00
  • Gross Scheduled Income: 66120.00
  • Insurance Expense: 2044.00
  • Maintenance Expense: 1672.00
  • Net Operating Income: 44228.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Operating Expense: 21892.00
  • Rent Control: No
  • Total Actual Rent: 5510.00
  • Total Expenses: 21892.00

Tax Info

  • New Taxes Expense: 14300.00
  • Tax Census Tract: 5769.04
  • Tax Lot: 31
  • Tax Tract Number: 5769

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2017
Closed on
May 15, 2017
Sold by
Olsen Woodrow John
Bought by
Olsen Genevieve and Fell Mark
Seller's Agent
Kristie Pabst
Pabst, Kinney & Associates
Buyer's Agent
Spencer Pabst
Pabst, Kinney & Associates
List Price
$1,275,000
Sold Price
$1,275,000
Current Estimated Value
$1,833,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$558,329
Avg. Annual Appreciation
4.30%

Purchase Details

Listed on
Feb 9, 2017
Closed on
May 4, 2017
Sold by
Fell Linda J
Bought by
Follett Kay Swoffer
Seller's Agent
Kristie Pabst
Pabst, Kinney & Associates
Buyer's Agent
Spencer Pabst
Pabst, Kinney & Associates
List Price
$1,275,000
Sold Price
$1,275,000

Purchase Details

Closed on
Jun 16, 2011
Sold by
Olsen Genevieve
Bought by
Olsen Genevieve O and Woodrow J & Genevieve O Olsen Living Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,307
Interest Rate
4.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 2004
Sold by
Fell Mark
Bought by
Fell Mark S and Fell Linda J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Olsen Genevieve -- Fidelity National Title Co
Follett Kay Swoffer -- None Available
Follett Kay Swoffer $1,275,000 Fidelity National Title Co
Olsen Genevieve O -- None Available
Fell Mark S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olsen Genevieve O $199,307
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2017 05/22/17 Sold $1,275,000 +3.7% $285 / Sq Ft
04/27/2017 04/27/17 Pending -- -- --
03/27/2017 03/27/17 Price Changed $1,229,000 -3.6% $274 / Sq Ft
02/09/2017 02/09/17 For Sale $1,275,000 -- $285 / 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 $18,993 $1,479,740 $812,407 $667,333
2024 $18,993 $1,450,727 $796,478 $654,249
2023 $18,677 $1,422,282 $780,861 $641,421
2022 $17,534 $1,394,395 $765,550 $628,845
2021 $17,180 $1,367,055 $750,540 $616,515
2020 $17,135 $1,353,039 $742,845 $610,194
2019 $16,935 $1,326,510 $728,280 $598,230
2018 $16,449 $1,300,500 $714,000 $586,500
2017 $7,198 $529,889 $211,952 $317,937
2016 $6,674 $519,500 $207,797 $311,703
2015 $6,417 $511,697 $204,676 $307,021
2014 $6,389 $501,674 $200,667 $301,007
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17026046

California Regional Multiple Listing Service (CRMLS)

APN: 7262-017-018