NOT LISTED FOR SALE

Estimated Value: $934,000 - $957,600

5 Beds
2 Baths
1,870 Sq Ft
$505/Sq Ft Est. Value

Last Sold May 25, 2023

Last sale price $810,000 $433 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $6,045/month

4 Days on Market

Highlights

  • Traditional Architecture
  • Lawn
  • Cooling Available
  • Stone Countertops
  • No HOA
  • Living Room

About This Home

As of May 2023

Incredible opportunity to live in one home while collecting income from the other. The back house was the owner's home and it is a 3 bedroom / 1 bath. Many recent improvements have been made to the property including a newly installed roof, completely painted exterior, newly installed garage door. The back house was painted throughout with recently installed laminate flooring and carpet along with a complete remodel in the kitchen. The kitchen was updated with quartz counters and stainless appliances. Recently installed light fixtures and ceiling fans along with a refresh in the bathroom. Incredible income opportunity for both units. There are separate meters for the gas and electric. The front house is a 2 bedroom / 1 bath with a private patio area. Each has their own laundry. There is a 1 car garage with storage in the rear of the property along with a carport in the back off of the alley. Plenty of parking for 3 additional cars between the driveway and space behind the carport. This one is truly a find and won't last!

Last Agent to Sell the Property

Oriana Shea

Real Brokerage Technologies License #01217538 Listed on: 04/06/2023

Real Brokerage Technologies

Last Buyer's Agent

Ryan Gonzalez

Lyon Stahl Investment Real Est License #01874815

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,787

Year Built

  • Built in 1943

Lot Details

  • 5,910 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Wood Fence
  • Chain Link Fence
  • Lawn
  • Front Yard

Parking

  • 1 Car Garage
  • 3 Open Parking Spaces
  • 1 Carport Space
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Traditional Architecture
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,870 Sq Ft Home
  • Ceiling Fan
  • Living Room

Kitchen

  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Suburban Location

Utilities

  • Cooling Available
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 7 / 2
  • Tax Tract Number 6522
  • Assessor Parcel Number 7132025007
  • $517 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • North Long Beach Subdivision

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,300
  • Insurance Expense $1,908
  • Trash Expense $600
  • Water Sewer Expense $1,560
  • Operating Expense $5,368
  • Net Operating Income $6,632

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,787

Year Built

Built in 1943

Lot Details

0

Parking

1

Listing Details

  • Price Per Unit: 387500
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Water Sewer Expenses: 1560.00
  • Zoning: LBR1N
  • Architectural Style: Traditional
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1300.00
  • Parcel Number: 7132025007
  • Year Built: 1943
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Stone Counters
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 433.16
  • Room Type: Kitchen, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Carport, Driveway, Garage
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas Range, Range Hood, Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, In Kitchen, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn
  • Lot Size Sq Ft: 5910.00
  • Lot Size Acres: 0.1357

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 12000.00
  • Insurance Expense: 1908.00
  • Lot Size Area: 5910.0000 Square Feet
  • Net Operating Income: 6632.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5368.00
  • Rent Control: Yes
  • Total Expenses: 5368.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 5717.01
  • Tax Lot: 7
  • Tax Tract Number: 6522
  • TaxOtherAnnualAssessmentAmount: 517.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2023
Closed on
May 23, 2023
Sold by
Dora Headley Trust
Bought by
Aguilar Lorenzo
Seller's Agent
Oriana Shea
Real Brokerage Technologies
Buyer's Agent
Ryan Gonzalez
Lyon Stahl Investment Real Est
List Price
$775,000
Sold Price
$810,000
Premium/Discount to List
$35,000
4.52%
Views
128
Current Estimated Value
$944,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,400
Avg. Annual Appreciation
5.12%
Original Mortgage
$360,000
Outstanding Balance
$350,550
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$556,294

Purchase Details

Listed on
Apr 6, 2023
Closed on
May 21, 2023
Sold by
Esparza Aguilar and Esparza Ernestina
Bought by
L & E Aguilar Trust
Seller's Agent
Oriana Shea
Real Brokerage Technologies
Buyer's Agent
Ryan Gonzalez
Lyon Stahl Investment Real Est
List Price
$775,000
Sold Price
$810,000
Premium/Discount to List
$35,000
4.52%
Views
128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Outstanding Balance
$350,550
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$556,294

Purchase Details

Closed on
May 10, 2021
Sold by
Corona John Edward
Bought by
Aguilar Kenya

Purchase Details

Closed on
Aug 22, 2008
Sold by
Headley Dora
Bought by
Headley Dora and The Dora Headley 2008 Trust
Source: Public Records

Range of Values:

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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
Aguilar Lorenzo $810,000 Orange Coast Title Company
L & E Aguilar Trust -- Orange Coast Title
Aguilar Kenya -- Orange Coast Title
Headley Dora -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aguilar Lorenzo $360,000
Previous Owner Headley Dora $122,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2023 05/25/23 Sold $810,000 0.0% $433 / Sq Ft
04/11/2023 04/11/23 Off Market $810,000 -- --
04/10/2023 04/10/23 Pending -- -- --
04/06/2023 04/06/23 For Sale $775,000 -- $414 / 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 $10,787 $842,724 $426,564 $416,160
2024 $10,787 $826,200 $418,200 $408,000
2023 $1,266 $66,155 $26,364 $39,791
2022 $1,205 $64,859 $25,848 $39,011
2021 $1,166 $63,589 $25,342 $38,247
2020 $1,162 $62,938 $25,083 $37,855
2019 $1,148 $61,705 $24,592 $37,113
2018 $1,003 $60,496 $24,110 $36,386
2016 $913 $58,149 $23,175 $34,974
2015 $884 $57,276 $22,827 $34,449
2014 $890 $56,155 $22,380 $33,775
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS23056359

California Regional Multiple Listing Service (CRMLS)

APN: 7132-025-007