NOT LISTED FOR SALE

Estimated Value: $1,661,000 - $2,153,000

7 Beds
4 Baths
4,636 Sq Ft
$393/Sq Ft Est. Value

Last Sold September 22, 2015

Last sale price $1,065,000 $230 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $10,918/month

110 Days on Market

Highlights

  • Spanish Architecture
  • Private Yard
  • 6 Car Direct Access Garage
  • Woodrow Wilson High School Rated A
  • No HOA
  • 3-minute walk to Rose Park

About This Home

As of September 2015

4 units in a newer building relative to the area. The front unit is a two story with an attached 2 car garage, one bedroom down with wide doorway for wheelchair access. 1 full bath down and 2 bedrooms with two 3/4 baths upstairs. Living room is open to the kitchen. Behind this unit sits two identical units, one is upstairs and one is downstairs. A concrete driveway with parking for 2 cars. There is a small fenced patio area for the downstairs unit. They both have 2 bedrooms and 2 baths. The back unit is over the 4 single car garages and carports, it has a balcony overlooking the back alley. This back unit is upstairs and features 2 beds and 2 baths. The 2 bed 2 bath units are appx 980-1000 sf each. The front unit is roughly 1600 sf. There is curbside street parking at the front of the units on Temple Ave. Great location just north of 7th Ave., only 2.5 miles to Cal State Long Beach and 1.5 miles to the city park and golf course. Make an offer. Drive by only please. All units are rented with below market rates.

Last Agent to Sell the Property

Ty Courtney Wallace

Coldwell Banker Tri-Counties R License #01016494 Listed on: 07/22/2015

Coldwell Banker Tri-Counties R

Last Buyer's Agent

Jack Levis

CBRE Inc. License #01886278

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 6,723 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Landscaped
  • Level Lot
  • Corners Of The Lot Have Been Marked
  • Front Yard Sprinklers
  • Private Yard
  • Lawn

Parking

  • 6 Car Direct Access Garage
  • Parking Available
  • Side Facing Garage
  • Two Garage Doors
  • Assigned Parking

Home Design

  • Spanish Architecture
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Tile Roof
  • Concrete Roof
  • Stucco

Interior Spaces

  • 4,636 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Carpet

Kitchen

  • Gas Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Water Heater
  • Sewer Paid

Additional Features

  • Customized Wheelchair Accessible
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7262017012

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $2,500
  • New Taxes Expense $12,500
  • Net Operating Income $50,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Architectural Style: Spanish
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 7262017012
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Accessibility Features: Customized Wheelchair Accessible
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 229.72
  • Room Type: Living Room

Exterior Features

  • Foundation: Slab
  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Roof: Concrete, Tile
  • Spa: No
  • Construction Materials: Drywall Walls, Frame, Stucco

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Concrete, Direct Garage Access, Garage, Garage - Single Door, Garage Faces Side, Garage - Two Door
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooktop, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central, Natural Gas
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Gutters

Lot Info

  • Lot Features: Corners Marked, Lawn, Landscaped, Lot 6500-9999, Level with Street, Sprinklers In Front, Yard
  • Lot Size Sq Ft: 6723.00
  • Price Per Lot Square Foot: 158.41
  • Lot Size Acres: 0.1540

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Average2 Bed Area: 980
  • Average3 Bed Area: 1550
  • Gross Scheduled Income: 65000.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 6723.0000 Square Feet
  • Net Operating Income: 50000.00
  • Number Of Rented Garages: 7
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 15000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 12500.00
  • Tax Lot: 1
  • Tax Tract Number: 1
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2020
Sold by
Mb Trust and Ab Trust
Bought by
Blue Pacific Holdings Llc
Current Estimated Value
$1,823,744

Purchase Details

Listed on
Jul 22, 2015
Closed on
Aug 3, 2015
Sold by
Mitchell Johnny
Bought by
Broukhim Roya and The Fariborz Broukhim & Roya Broukhim Tr
Seller's Agent
Ty Courtney Wallace
Coldwell Banker Tri-Counties R
Buyer's Agent
Jack Levis
CBRE Inc.
List Price
$1,080,000
Sold Price
$1,065,000
Premium/Discount to List
-$15,000
-1.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.38%
Original Mortgage
$646,750
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 1999
Sold by
Hud
Bought by
Mitchell Johnny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
2.62%

Purchase Details

Closed on
Aug 6, 1999
Sold by
Norwest Mtg Inc
Bought by
Hud

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
2.62%

Purchase Details

Closed on
Apr 5, 1999
Sold by
Jenkins Anthony
Bought by
Norwest Mtg Inc

Purchase Details

Closed on
Jun 16, 1997
Sold by
Jenkins Carondelette D
Bought by
Jenkins Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,928
Interest Rate
7.91%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 2, 1996
Sold by
Jenkins M Antoinette
Bought by
Jenkins Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,562
Interest Rate
8.33%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Blue Pacific Holdings Llc -- None Listed On Document
Broukhim Roya $1,065,000 Chicago Title
Mitchell Johnny $340,000 United Title
Hud -- Fidelity National Title Ins
Norwest Mtg Inc $314,070 Fidelity National Title Ins
Jenkins Anthony -- --
Jenkins Anthony $306,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Broukhim Roya $646,750
Previous Owner Mitchell Johnny $306,000
Previous Owner Jenkins Anthony $286,928
Previous Owner Jenkins Anthony $288,562
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2015 09/22/15 Sold $1,065,000 -1.4% $230 / Sq Ft
07/30/2015 07/30/15 Pending -- -- --
04/11/2015 04/11/15 For Sale $1,080,000 -- $233 / 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 $16,352 $1,260,736 $710,274 $550,462
2024 $16,352 $1,236,017 $696,348 $539,669
2023 $16,079 $1,211,783 $682,695 $529,088
2022 $17,622 $1,400,000 $800,000 $600,000
2021 $14,790 $1,164,730 $656,186 $508,544
2019 $14,580 $1,130,185 $636,724 $493,461
2018 $14,134 $1,108,026 $624,240 $483,786
2016 $12,988 $1,065,000 $600,000 $465,000
2015 $5,558 $434,798 $135,552 $299,246
2014 $5,459 $426,282 $132,897 $293,385
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR15076281

California Regional Multiple Listing Service (CRMLS)

APN: 7262-017-012