NOT LISTED FOR SALE

Estimated Value: $642,000 - $706,000

2 Beds
2 Baths
1,299 Sq Ft
$513/Sq Ft Est. Value

Last Sold February 10, 2016

Last sale price $320,000 $246 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $3,913/month

14 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Living Room
  • No Interior Steps
  • Property is near public transit
  • Laundry Room
  • 2 Car Garage

About This Home

As of February 2016

Cute Duplex. 2 units - 1 Bedroom/1 Bath each. Tax assessor's roll information re number of bedrooms is incorrect. Convenient Location. Separate Gas and Electric Meters. Front unit has Washer/Dryer hookups. Back unit has small yard. Tenants are sharing the 2 car garage. Good rental area of Long Beach. Tenants are paying the water.

Last Agent to Sell the Property

Sue Vanzant

Lynnette Taylor, Broker License #01028264 Listed on: 01/02/2016

Last Buyer's Agent

Dick Caley

Coldwell Banker Beachside Real License #01700559

Coldwell Banker Beachside Real

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 3,914 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Paved or Partially Paved Lot
  • Level Lot
  • Back Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Property Attached
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,299 Sq Ft Home
  • Living Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater

Additional Features

  • No Interior Steps
  • Rain Gutters
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Legal Lot and Block 22 / C
  • Tax Tract Number 5873
  • Assessor Parcel Number 7131018010

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $672
  • New Taxes Expense $4,250
  • Net Operating Income $1,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7131018010
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 246.34
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • Exterior Features: Rain Gutters
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, On Site, Garage - Two Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater, Water Heater
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains

Lot Info

  • Lot Features: Back Yard, Level, Paved, Near Public Transit
  • Lot Size Sq Ft: 3914.00
  • Price Per Lot Square Foot: 81.76
  • Lot Size Acres: 0.0900

Rental Info

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

Multi Family

  • Gross Scheduled Income: 20400.00
  • Insurance Expense: 672.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 3914.0000 Square Feet
  • Net Operating Income: 1200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 19200.00
  • Rent Control: No
  • Total Actual Rent: 1700.00

Tax Info

  • New Taxes Expense: 4250.00
  • Tax Block: C
  • Tax Lot: 22
  • Tax Tract Number: 5873

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2016
Closed on
Jan 21, 2016
Sold by
Gorley Aureletta Kelcie
Bought by
Covarrubias Arthur S and Covarrubias Susan G
Seller's Agent
Sue Vanzant
Lynnette Taylor, Broker
Buyer's Agent
Dick Caley
Coldwell Banker Beachside Real
List Price
$340,000
Sold Price
$320,000
Premium/Discount to List
-$20,000
-5.88%
Current Estimated Value
$666,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$346,727
Avg. Annual Appreciation
7.72%

Purchase Details

Closed on
Jun 23, 1997
Sold by
Healy Virginia L Tr
Bought by
Brooks Margot

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,350
Interest Rate
7.57%
Mortgage Type
FHA

Purchase Details

Closed on
May 30, 1995
Sold by
Healy Virginia L
Bought by
Healy Virginia L and The Virginia L Healy Living Trust
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
Covarrubias Arthur S $320,000 Ticor Title Company
Brooks Margot $121,000 North American Title Co
Healy Virginia L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brooks Margot $111,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2016 02/10/16 Sold $320,000 -5.9% $246 / Sq Ft
01/16/2016 01/16/16 Pending -- -- --
01/02/2016 01/02/16 For Sale $340,000 -- $262 / 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 $5,043 $378,808 $159,809 $218,999
2024 $5,043 $371,381 $156,676 $214,705
2023 $4,956 $364,100 $153,604 $210,496
2022 $4,658 $356,962 $150,593 $206,369
2021 $4,561 $349,964 $147,641 $202,323
2019 $4,497 $339,586 $143,263 $196,323
2018 $4,334 $332,928 $140,454 $192,474
2016 $2,094 $163,192 $94,410 $68,782
2015 $2,014 $160,741 $92,992 $67,749
2014 $2,009 $157,593 $91,171 $66,422
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16000349

California Regional Multiple Listing Service (CRMLS)

APN: 7131-018-010