NOT LISTED FOR SALE

Estimated Value: $1,066,000 - $1,520,123

9 Beds
7 Baths
3,174 Sq Ft
$429/Sq Ft Est. Value

Last Sold June 12, 2015

Last sale price $715,000 $225 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $8,315/month

16 Days on Market

Highlights

  • 0.19 Acre Lot
  • Neighborhood Views
  • Wood Siding
  • No HOA
  • Laundry Room
  • 2-minute walk to Drake Park

About This Home

As of June 2015

Great 4 unit property on large corner lot with lots of off street parking. Front triplex features 2 two bedroom two bath
units with large wooden deck and a 3 bedroom 2 bath unit. Separate rear house is a 2 bedroom 1 bath unit with private
yard. All units have updated kitchens and baths. Newly installed yard sprinkler system on self timer. 4 car parking lot
with gate. Just down the street from Drake Park and Historic Bembridge House. Close to downtown shops and
restraunts, the Queen Mary and Long Beach Aquarium

Last Agent to Sell the Property

Steve Day

Day & Associates License #01200586 Listed on: 04/15/2015

Last Buyer's Agent

Debra Vaughn

Home Team Realty License #01502867

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,527

Year Built

  • Built in 1962

Lot Details

  • 8,244 Sq Ft Lot
  • Two or More Common Walls
  • Chain Link Fence
  • Fence is in fair condition
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,174 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 7271022026

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $50
  • Gardener Expense $320
  • Insurance Expense $1,051
  • Maintenance Expense $9,629
  • Professional Management Expense $2,573
  • Trash Expense $969
  • Water Sewer Expense $2,000
  • New Taxes Expense $8,628
  • Gross Income $53,940
  • Net Operating Income $34,214

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,527

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Professional Management Expense: 2573.00
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • View: Yes
  • Water Sewer Expenses: 2000.00
  • Property Type: Residential Income
  • Gardener Expense: 320.00
  • Parcel Number: 7271022026
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: One

Exterior Features

  • View: Neighborhood
  • Fencing: Chain Link, Fair Condition
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Trash Expense: 969.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8244.00
  • Price Per Lot Square Foot: 86.73
  • Lot Size Acres: 0.1890

Multi Family

  • Electric Expense: 50.00
  • Gross Income: 53940.00
  • Gross Scheduled Income: 53940.00
  • Insurance Expense: 1051.00
  • Lot Size Area: 8244.0000 Square Feet
  • Maintenance Expense: 9629.00
  • Net Operating Income: 34214.00
  • 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
  • Operating Expense: 19186.00
  • Rent Control: No
  • Total Actual Rent: 4495.00
  • Vacancy Allowance: 539
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 8628.00
  • Tax Lot: 1
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 3, 2018
Sold by
Arroyo Jose G and Arroyo Rosalina
Bought by
Arroyo Jose G and Arroyo Rosalina
Current Estimated Value
$1,360,281

Purchase Details

Listed on
Apr 15, 2015
Closed on
May 4, 2015
Sold by
Ruthledge Lawrence E and Ruthledge Lawrence E
Bought by
Arroyo Jose G and Arroyo Rosalina
Seller's Agent
Steve Day
Day & Associates
Buyer's Agent
Debra Vaughn
Home Team Realty
List Price
$725,000
Sold Price
$715,000
Premium/Discount to List
-$10,000
-1.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.35%
Original Mortgage
$465,000
Outstanding Balance
$359,769
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$981,441

Purchase Details

Closed on
Jun 6, 2008
Sold by
Ayora Julio
Bought by
Rutledge Lawrence E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
6.31%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 15, 2006
Sold by
Lewis Elliot
Bought by
Ayora Julio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,000
Interest Rate
7.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 20, 2005
Sold by
Benudiz Ronald and Benudiz N
Bought by
Lewis Elliot

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
5.51%
Mortgage Type
Unknown

Purchase Details

Closed on
May 30, 1996
Sold by
Benudiz Hilel and Benudiz Ana
Bought by
Benudiz Ronald
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
Arroyo Jose G -- None Available
Arroyo Jose G $715,000 Usa National Title Company
Rutledge Lawrence E $615,000 First Amer Title Co Of La
Ayora Julio -- None Available
Lewis Elliot $593,000 Diversified Title & Escrow S
Benudiz Ronald -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arroyo Jose G $465,000
Previous Owner Rutledge Lawrence E $309,000
Previous Owner Rutledge Lawrence E $305,000
Previous Owner Rutledge Lawrence E $352,000
Previous Owner Rutledge Lawrence E $338,000
Previous Owner Ayora Julio $693,000
Previous Owner Ayora Julio $198,000
Previous Owner Lewis Elliot $738,750
Previous Owner Lewis Elliot $140,000
Previous Owner Lewis Elliot $550,000
Previous Owner Benudiz Ronald $105,263
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2015 06/12/15 Sold $715,000 -1.4% $225 / Sq Ft
05/01/2015 05/01/15 Pending -- -- --
04/15/2015 04/15/15 For Sale $725,000 -- $228 / 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 $11,527 $859,311 $600,920 $258,391
2024 $11,527 $842,463 $589,138 $253,325
2023 $11,329 $825,945 $577,587 $248,358
2022 $10,650 $809,751 $566,262 $243,489
2021 $10,426 $793,874 $555,159 $238,715
2020 $10,399 $785,735 $549,467 $236,268
2019 $10,278 $770,330 $538,694 $231,636
2018 $9,906 $755,227 $528,132 $227,095
2016 $9,117 $725,903 $507,625 $218,278
2015 $7,914 $640,000 $416,500 $223,500
2014 -- $550,000 $357,900 $192,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15079554

California Regional Multiple Listing Service (CRMLS)

APN: 7271-022-026