742 E 3rd St Long Beach, CA 90802
East Village NeighborhoodEstimated Value: $957,093 - $1,250,000
4
Beds
2
Baths
2,240
Sq Ft
$502/Sq Ft
Est. Value
Highlights
- 0.09 Acre Lot
- Property is near public transit
- Corner Lot
- Long Beach Polytechnic High School Rated A
- Wood Flooring
- Granite Countertops
About This Home
As of January 2013Very well maintained duplex in the Art District of Long Beach. 5 minute walk to the beach, shops, restaurants, theatres and night clubs. This duplex was used as the owners home until recently and now has good stable tenants. Owner has had extensive upgrades done to one or both of the units over the last few years that include, New Electric, Plumbing, Appliances, Windows, Kitchen Remodel, Granite Counter Top, Wood Flooring, Tankless Water Heater, Landscaping and Earthquake Retrofitting. Plenty of off street parking that accommodates 4 plus cars. Each unit has it's own washer/dryer and all appliances included in the sale. Feel free to drive by but please do not disturb the tenants or walk the property. Property has 2 different addresses 742 E. 3rd and 253 Olive.
Last Agent to Sell the Property
John Guarino
Coldwell Banker Coastal Alliance License #01010165 Listed on: 11/24/2012
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,749
Year Built
- Built in 1919 | Remodeled
Lot Details
- 3,747 Sq Ft Lot
- Lot Dimensions are 50 x 75
- Corner Lot
Home Design
- Shingle Roof
- Clapboard
Interior Spaces
- 2,240 Sq Ft Home
- Built-In Features
- Decorative Fireplace
Kitchen
- Gas Oven or Range
- Range with Range Hood
- Microwave
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Dryer
- Washer
Parking
- 4 Parking Spaces
- Side by Side Parking
- Paved Parking
Additional Features
- Enclosed Glass Porch
- Property is near public transit
- Floor Furnace
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 5 / 95
- Tax Tract Number 5762
- Assessor Parcel Number 7281013006
Community Details
Overview
- 2 Units
Building Details
- 3 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $20
- Trash Expense $100
- Water Sewer Expense $100
- Gross Income $2,800
- Net Operating Income $31,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 24, 2012
Closed on
Dec 13, 2012
Sold by
Lopez Robert
Bought by
Hickman Joshua and Hickman Sara
Seller's Agent
John Guarino
Coldwell Banker Coastal Alliance
Buyer's Agent
Marna Brennan
Marna Brennan, Broker
List Price
$535,000
Sold Price
$525,000
Premium/Discount to List
-$10,000
-1.87%
Total Days on Market
38
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$600,273
Avg. Annual Appreciation
6.35%
Original Mortgage
$515,490
Outstanding Balance
$361,980
Interest Rate
3.28%
Mortgage Type
FHA
Estimated Equity
$763,293
Purchase Details
Closed on
Jun 13, 2005
Sold by
Krumwiede Robert H
Bought by
Lopez Robert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 19, 2003
Sold by
Jacobson Judy and Metzger Cynthia
Bought by
Krumwiede Robert H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 24, 2003
Sold by
Metzger Cynthia
Bought by
Jacobson Judy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,050
Interest Rate
5.79%
Purchase Details
Closed on
Mar 5, 2003
Sold by
Zwigart Anthony
Bought by
Metzger Cynthia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,050
Interest Rate
5.79%
Purchase Details
Closed on
Sep 6, 1996
Sold by
Vivilacqua Joseph J
Bought by
Danley Debra J and Gonzalez Jesse
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
8.23%
Mortgage Type
Seller Take Back
Similar Homes in Long Beach, CA
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hickman Joshua | $525,000 | North American Title Company | |
| Lopez Robert | $599,000 | -- | |
| Krumwiede Robert H | $370,000 | First American Title | |
| Jacobson Judy | -- | First American Title | |
| Metzger Cynthia | $279,000 | First American Title | |
| Danley Debra J | $125,000 | North American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hickman Joshua | $515,490 | |
| Previous Owner | Lopez Robert | $415,000 | |
| Previous Owner | Lopez Robert | $100,000 | |
| Previous Owner | Lopez Robert | $399,000 | |
| Previous Owner | Krumwiede Robert H | $270,000 | |
| Previous Owner | Metzger Cynthia | $265,050 | |
| Previous Owner | Danley Debra J | $155,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/24/2013 01/24/13 | Sold | $525,000 | -1.9% | $234 / Sq Ft |
| 01/01/2013 01/01/13 | Pending | -- | -- | -- |
| 11/24/2012 11/24/12 | For Sale | $535,000 | -- | $239 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,749 | $633,811 | $446,688 | $187,123 |
| 2023 | $10,507 | $621,384 | $437,930 | $183,454 |
| 2022 | $9,908 | $609,201 | $429,344 | $179,857 |
| 2021 | $9,230 | $597,257 | $420,926 | $176,331 |
| 2019 | $9,027 | $579,543 | $408,442 | $171,101 |
| 2018 | $8,742 | $568,181 | $400,434 | $167,747 |
| 2016 | $8,058 | $546,120 | $384,886 | $161,234 |
| 2015 | $7,751 | $537,918 | $379,105 | $158,813 |
| 2014 | $7,668 | $527,382 | $371,679 | $155,703 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2013
John Guarino
Coldwell Banker Coastal Alliance
-
Marna Brennan
Buyer's Agent in 2013
Marna Brennan
Marna Brennan, Broker
(562) 621-0903
1 Total Sale
-
Buyer's Agent in 2013
Mary Holmes
Mary Holmes Realty
(916) 420-0895
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: P841815
APN: 7281-013-006
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