Seller's Agent in 2018
Eileen Rivera
GE Dean and Associates
(562) 688-9809
81 Total Sales
751 Elm Ave Long Beach, CA 90813
Saint Mary's NeighborhoodEstimated Value: $1,265,000 - $1,453,000
9
Beds
4
Baths
3,434
Sq Ft
$396/Sq Ft
Est. Value
Highlights
- Craftsman Architecture
- 5-minute walk to 5Th Street Station
- Tile Countertops
- Long Beach Polytechnic High School Rated A
- No HOA
- Living Room
About This Home
As of October 2018Classic early 20th century Craftsman 4-plex in up & coming area of North DTLB. Great upside appreciation potential and room for rents to grow! Gross cap rate based on pro forma rents is 8.6%. Total 9 bedrooms & 4 bathrooms, each unit equipped with its own laundry facilities. Fully rented with solid tenants and great ROI. Upgraded plumbing & heating. Separate meters for electric and gas. Close to downtown and freeway access.
Last Agent to Sell the Property
GE Dean and Associates License #01208517 Listed on: 08/17/2018
Last Buyer's Agent
Phillip Maranville
Realty ONE Group United License #01936566
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,133
Year Built
- Built in 1917
Lot Details
- 3,495 Sq Ft Lot
- No Common Walls
- East Facing Home
- Wood Fence
- Rectangular Lot
Home Design
- Craftsman Architecture
- Cosmetic Repairs Needed
- Raised Foundation
- Asphalt Roof
- Wood Siding
- Partial Copper Plumbing
Interior Spaces
- 3,434 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Casement Windows
- Living Room
- Laundry Room
Kitchen
- Gas Range
- Range Hood
- Tile Countertops
- Formica Countertops
Flooring
- Carpet
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Bathrooms
Additional Features
- Exterior Lighting
- Urban Location
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas, telephone
- Tax Lot 1/3
- Tax Tract Number 11933
- Assessor Parcel Number 7273020011
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Fuel Expense $876
- Insurance Expense $876
- Maintenance Expense $2,160
- Trash Expense $1,116
- Water Sewer Expense $2,352
- New Taxes Expense $12,031
- Operating Expense $19,411
- Net Operating Income $48,029
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 17, 2018
Closed on
Sep 11, 2018
Sold by
Betz John M and Roberts Heidi
Bought by
Austin John S and Austin Sheryl
Seller's Agent
Eileen Rivera
GE Dean and Associates
Buyer's Agent
Phillip Maranville
Realty ONE Group United
List Price
$962,500
Sold Price
$906,000
Premium/Discount to List
-$56,500
-5.87%
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
$455,257
Avg. Annual Appreciation
6.10%
Original Mortgage
$345,000
Outstanding Balance
$300,861
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$1,060,396
Purchase Details
Closed on
Jul 2, 2004
Sold by
Magidson Stanford and Magidson Gloria
Bought by
Toro Alvaro
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 23, 2004
Sold by
Betz John Michael
Bought by
Betz John M and Roberts Heidi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
2.37%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
Mar 22, 2003
Sold by
Woodruff Earl C and Woodruff Lisa F
Bought by
Magidson Stanford and Magidson Gloria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,750
Interest Rate
5.83%
Mortgage Type
Unknown
Purchase Details
Closed on
Apr 21, 2002
Sold by
Hasberry Jonathan and Hasberry Evangeline
Bought by
Betz John Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,959
Interest Rate
6.89%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 12, 2000
Sold by
Delphine Group Llc
Bought by
Hasberry Jonathan and Hasberry Evangeline
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,525
Interest Rate
8.12%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 29, 2000
Sold by
Evans Donald M
Bought by
Delphine Group Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,800
Interest Rate
7.68%
Purchase Details
Closed on
Dec 21, 1999
Sold by
Amresco Residential Properties Inc
Bought by
Evans Donald M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,800
Interest Rate
7.68%
Purchase Details
Closed on
Sep 30, 1999
Sold by
Madhav Venkatesh
Bought by
Amresco Residential Properties Inc
Purchase Details
Closed on
Oct 2, 1998
Sold by
Phns Inc
Bought by
Madhav Venkatesh
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
6.54%
Purchase Details
Closed on
Aug 18, 1998
Sold by
Magidson Stanford and Magidson Gloria
Bought by
Phns Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
6.54%
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 |
|---|---|---|---|
| Austin John S | $906,000 | Chicago Title Company | |
| Toro Alvaro | $475,000 | Commonwealth Land Title | |
| Betz John M | -- | Equity Title | |
| Magidson Stanford | -- | -- | |
| Betz John Michael | $391,000 | North American Title Co | |
| Hasberry Jonathan | $299,000 | United Title Company | |
| Delphine Group Llc | -- | United Title Company | |
| Evans Donald M | $152,000 | First American Title Co | |
| Evans Donald M | -- | First American Title Co | |
| Amresco Residential Properties Inc | $250,000 | Fidelity National Title Ins | |
| Madhav Venkatesh | $305,000 | Equity Title | |
| Phns Inc | $190,000 | Equity Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Austin John S | $345,000 | |
| Previous Owner | Betz John M | $85,000 | |
| Previous Owner | Betz John M | $637,500 | |
| Previous Owner | Betz John M | $503,743 | |
| Previous Owner | Betz John M | $193,750 | |
| Previous Owner | Betz John M | $100,000 | |
| Previous Owner | Toro Alvaro | $380,000 | |
| Previous Owner | Betz John M | $420,000 | |
| Previous Owner | Betz John Michael | $339,750 | |
| Previous Owner | Betz John Michael | $384,959 | |
| Previous Owner | Hasberry Jonathan | $307,037 | |
| Previous Owner | Hasberry Jonathan | $296,525 | |
| Previous Owner | Evans Donald M | $191,800 | |
| Previous Owner | Madhav Venkatesh | $244,000 | |
| Closed | Madhav Venkatesh | $61,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/10/2018 10/10/18 | Sold | $906,000 | -5.9% | $264 / Sq Ft |
| 09/09/2018 09/09/18 | Pending | -- | -- | -- |
| 08/02/2018 08/02/18 | For Sale | $962,500 | -- | $280 / 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 |
|---|---|---|---|---|
| 2025 | $13,133 | $1,010,654 | $702,774 | $307,880 |
| 2024 | $13,133 | $990,839 | $688,995 | $301,844 |
| 2023 | $12,910 | $971,412 | $675,486 | $295,926 |
| 2022 | $12,122 | $952,366 | $662,242 | $290,124 |
| 2021 | $11,871 | $933,693 | $649,257 | $284,436 |
| 2019 | $11,701 | $906,320 | $630,000 | $276,320 |
| 2018 | $6,793 | $507,962 | $207,728 | $300,234 |
| 2016 | $6,240 | $487,931 | $199,662 | $288,269 |
| 2015 | $5,998 | $480,602 | $196,663 | $283,939 |
| 2014 | $5,972 | $471,189 | $192,811 | $278,378 |
Source: Public Records
Agents Affiliated with this Home
-
Eileen Rivera
-
P
Buyer's Agent in 2018
Phillip Maranville
Realty ONE Group United
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS18196190
APN: 7273-020-011
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