NOT LISTED FOR SALE

Estimated Value: $1,404,000 - $1,761,349

6 Beds
5 Baths
2,977 Sq Ft
$520/Sq Ft Est. Value

Last Sold May 22, 2019

Last sale price $1,205,000 $405 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $9,515/month

4 Days on Market

Highlights

  • Property is near park
  • Wood Flooring
  • Laundry Room
  • Woodrow Wilson High School Rated A
  • Cooling System Mounted To A Wall/Window
  • 2-minute walk to Rose Park

About This Home

As of May 2019

This well maintained four-unit multifamily investment property is located in the desirable Rose Park neighborhood of Long Beach. The charming front unit is a three bed, two bath home featuring hardwood floors, large living area and a private, fenced back yard. The rear building boasts three cute one bed, one bath apartments as well as two garage spaces and a laundry room. Improvements made since 2016 include seismic retrofitting of the front unit, re-piping, installing new sprinkler systems and replacing some windows to historic district standard.

Last Agent to Sell the Property

Mary Baldry

VASTREE REAL ESTATE License #01927691 Listed on: 04/11/2019

Co-Listed By

Nicholas Baldry

VASTREE REAL ESTATE License #01958991

Last Buyer's Agent

Laurent Yoeung

Legacy Real Estate License #01935699

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 6,754 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Sprinkler System
  • Front Yard

Parking

  • 2 Car Garage
  • 1 Open Parking Space
  • Parking Available
  • Driveway

Home Design

  • 2,977 Sq Ft Home
  • Property Attached
  • Shingle Roof

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Gas Range
  • Laundry Room
  • Exterior Lighting
  • Property is near park

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 3
  • Tax Tract Number 20
  • Assessor Parcel Number 7258019023

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $357
  • Gardener Expense $1,200
  • Insurance Expense $1,535
  • Pest Control $474
  • Water Sewer Expense $2,525
  • New Taxes Expense $14,546
  • Operating Expense $20,180
  • Gross Income $68,580
  • Net Operating Income $48,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.10
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 2525.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7258019023
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 404.77

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Pest Control Expense: 474.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Park Nearby, Sprinkler System
  • Lot Size Sq Ft: 6754.00
  • Lot Size Acres: 0.1551

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Other

Multi Family

  • Average1 Bed Area: 675 Square Feet
  • Average3 Bed Area: 1100 Square Feet
  • Electric Expense: 357.00
  • Gross Income: 68580.00
  • Gross Scheduled Income: 68580.00
  • Insurance Expense: 1535.00
  • Laundry Income: 528.00
  • Lot Size Area: 6754.0000 Square Feet
  • Net Operating Income: 48400.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 20180.00
  • Rent Control: No
  • Total Actual Rent: 5715.00
  • Total Expenses: 20180.00

Tax Info

  • New Taxes Expense: 14546.00
  • Tax Census Tract: 5769.04
  • Tax Lot: 3
  • Tax Tract Number: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2019
Closed on
May 15, 2019
Sold by
Pan Shirley and Pan Ashley
Bought by
Castillo Garappolo Daniel Mcgraw and Castillo Vazquez Deana
Seller's Agent
Mary Baldry
VASTREE REAL ESTATE
Buyer's Agent
Laurent Yoeung
Legacy Real Estate
List Price
$1,175,000
Sold Price
$1,205,000
Premium/Discount to List
$30,000
2.55%
Current Estimated Value
$1,547,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$342,087
Avg. Annual Appreciation
3.84%
Original Mortgage
$903,750
Outstanding Balance
$792,965
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$754,122

Purchase Details

Listed on
May 19, 2015
Closed on
Aug 28, 2015
Sold by
Lindquist David S and Bohan Karen A
Bought by
Pan Shirley and Pan Ashley
Seller's Agent
Todd Turley
Coldwell Banker Realty
Buyer's Agent
Mary Baldry
VASTREE REAL ESTATE
List Price
$929,000
Sold Price
$885,000
Premium/Discount to List
-$44,000
-4.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.95%
Original Mortgage
$492,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 19, 2015
Closed on
Aug 27, 2015
Sold by
Saavedra Christian
Bought by
Saavedra Nancy
Seller's Agent
Todd Turley
Coldwell Banker Realty
Buyer's Agent
Mary Baldry
VASTREE REAL ESTATE
List Price
$929,000
Sold Price
$885,000
Premium/Discount to List
-$44,000
-4.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2012
Sold by
Lindquist David and Bohan Karen
Bought by
Lindquist David S and Bohan Karen A

Purchase Details

Closed on
Apr 19, 2004
Sold by
Boettcher Gary
Bought by
Lindquist David and Bohan Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$547,500
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 27, 2000
Sold by
Sembler Raymond
Bought by
Ryker Debra and Sembler Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,800
Interest Rate
7.71%

Purchase Details

Closed on
Nov 10, 2000
Sold by
Ryker Debra and Madia Phyllis Joan
Bought by
Boettcher Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,800
Interest Rate
7.71%

Purchase Details

Closed on
Nov 1, 2000
Sold by
Ryker Robert
Bought by
Ryker Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,800
Interest Rate
7.71%
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
Castillo Garappolo Daniel Mcgraw $1,205,000 Western Resource Title Co
Pan Shirley $885,000 Old Republic Title Company
Saavedra Nancy -- Old Republic Title Company
Lindquist David S -- None Available
Lindquist David $730,000 North American Title Co
Ryker Debra -- North American Title
Boettcher Gary $361,500 North American Title Co
Ryker Debra -- North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castillo Garappolo Daniel Mcgraw $903,750
Previous Owner Pan Shirley $492,000
Previous Owner Lindquist David $547,500
Previous Owner Boettcher Gary $288,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/22/2019 05/22/19 Sold $1,205,000 +2.6% $405 / Sq Ft
04/15/2019 04/15/19 Pending -- -- --
04/11/2019 04/11/19 For Sale $1,175,000 +32.8% $395 / Sq Ft
10/16/2015 10/16/15 Sold $885,000 -4.7% $297 / Sq Ft View Prior Sale
10/15/2015 10/15/15 Pending -- -- --
05/19/2015 05/19/15 For Sale $929,000 -- $312 / 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 $17,203 $1,344,196 $948,189 $396,007
2024 $17,203 $1,317,841 $929,598 $388,243
2023 $16,914 $1,292,002 $911,371 $380,631
2022 $15,875 $1,266,669 $893,501 $373,168
2021 $15,560 $1,241,833 $875,982 $365,851
2020 $15,520 $1,229,100 $867,000 $362,100
2019 $12,122 $939,168 $636,724 $302,444
2018 $11,779 $920,754 $624,240 $296,514
2016 $10,837 $885,000 $600,000 $285,000
2015 $10,365 $868,283 $591,500 $276,783
2014 $10,301 $851,276 $579,914 $271,362
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS19083520

California Regional Multiple Listing Service (CRMLS)

APN: 7258-019-023