NOT LISTED FOR SALE

Estimated Value: $1,038,407 - $1,217,000

4 Beds
4 Baths
3,358 Sq Ft
$340/Sq Ft Est. Value

Last Sold December 19, 2014

Last sale price $557,000 $166 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $6,725/month

13 Days on Market

Highlights

  • Carpet
  • Long Beach Polytechnic High School Rated A
  • Wall Furnace

About This Home

As of December 2014

Cute fourplex in a great rental area. The building has four large one bedroom units with charming original details such as built-ins in the living rooms. The two top floor units have a good sized alcove that tenants often use as a second bedroom or office. The property needs some TLC.

Last Agent to Sell the Property

Lorri Quiett

Vylla Home, Inc. License #01371114 Listed on: 09/12/2014

Last Buyer's Agent

Becky Blair

Coldwell Banker Commercial License #00630793

Coldwell Banker Commercial

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 2,491 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached
  • Stucco

Interior Spaces

  • 3,358 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 7274020001

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $100
  • Pest Control $600
  • Professional Management Expense $2,280
  • Water Sewer Expense $1,060
  • New Taxes Expense $6,562
  • Gross Income $3,867
  • Net Operating Income $34,475

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Professional Management Expense: 2280.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1060.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7274020001
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Price Per Square Foot: 165.87

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Pest Control Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 2491.00
  • Lot Size Acres: 0.0570

Multi Family

  • Average1 Bed Area: 840
  • Gross Income: 3867.00
  • Gross Scheduled Income: 46404.00
  • Insurance Expense: 100.00
  • Lot Size Area: 2491.0000 Square Feet
  • Net Operating Income: 34475.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Range: 4
  • Operating Expense: 11928.00
  • Rent Control: No
  • Total Actual Rent: 3867.00

Tax Info

  • New Taxes Expense: 6562.00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2018
Sold by
Eddy John P
Bought by
Jp Eddy Family Limited Partnership
Current Estimated Value
$1,141,352

Purchase Details

Closed on
Mar 29, 2018
Sold by
Eddy John P
Bought by
Eddy Max Percival

Purchase Details

Listed on
Sep 12, 2014
Closed on
Nov 7, 2014
Sold by
Bessey Adrienne
Bought by
Eddy John P and Schulthesis Natha
Seller's Agent
Lorri Quiett
Vylla Home, Inc.
Buyer's Agent
Becky Blair
Coldwell Banker Commercial
List Price
$525,000
Sold Price
$557,000
Premium/Discount to List
$32,000
6.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.73%
Original Mortgage
$417,750
Outstanding Balance
$319,083
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$822,269

Purchase Details

Closed on
Oct 9, 2014
Sold by
Darby Properties Llc
Bought by
Bessey Adrienne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,750
Outstanding Balance
$319,083
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$822,269

Purchase Details

Closed on
Jul 22, 2005
Sold by
Bessey Adrienne
Bought by
Darby Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,000
Interest Rate
5.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 18, 2005
Sold by
Cutrell Inc
Bought by
Bessey Adrienne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,000
Interest Rate
5.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2005
Sold by
Cutrell Adam K
Bought by
Cutrell Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,000
Interest Rate
5.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 23, 2004
Sold by
Cutrell Annmarie Law
Bought by
Cutrell Adam K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 10, 2004
Sold by
Walker Mack E and Walker Aubra J
Bought by
Cutrell Adam K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 2001
Sold by
Walker Mack E and Walker Aubra J
Bought by
Walker Mack E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jp Eddy Family Limited Partnership -- None Available
Eddy Max Percival -- None Available
Eddy John P -- None Available
Eddy John P $557,000 Orange Coast Title Company
Bessey Adrienne -- Accommodation
Darby Properties Llc -- Chicago Title Co
Bessey Adrienne $735,000 Southland Title
Cutrell Inc -- Southland Title
Cutrell Adam K -- Southland Title Corporation
Cutrell Adam K $570,000 Southland Title Corporation
Walker Mack E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eddy John P $417,750
Previous Owner Bessey Adrienne $588,000
Previous Owner Cutrell Inc $73,500
Previous Owner Cutrell Adam K $456,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2014 12/19/14 Sold $557,000 +6.1% $166 / Sq Ft
09/25/2014 09/25/14 Pending -- -- --
09/12/2014 09/12/14 For Sale $525,000 -- $156 / 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 $8,951 $669,419 $468,716 $200,703
2024 $8,951 $656,294 $459,526 $196,768
2023 $8,796 $643,426 $450,516 $192,910
2022 $8,266 $630,811 $441,683 $189,128
2021 $8,084 $618,443 $433,023 $185,420
2020 $8,062 $612,322 $428,583 $183,739
2019 $7,968 $600,321 $420,180 $180,141
2018 $7,753 $588,556 $411,942 $176,614
2016 $7,124 $565,493 $395,947 $169,546
2015 $6,844 $557,000 $390,000 $167,000
2014 $6,002 $475,000 $260,100 $214,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14197590

California Regional Multiple Listing Service (CRMLS)

APN: 7274-020-001