NOT LISTED FOR SALE

815 Martin Luther King jr Ave Long Beach, CA 90813

Saint Mary's Neighborhood

Estimated Value: $633,124 - $930,000

5 Beds
2 Baths
1,340 Sq Ft
$580/Sq Ft Est. Value

Last Sold October 18, 2012

Last sale price $300,000 $224 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $4,580/month

17 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • Heating System Uses Natural Gas
  • Long Beach Polytechnic High School Rated A

About This Home

As of October 2012

Charming Duplex located in Downtown Long Beach East Village Arts District. Closeby Transportation, Shopping & Dinning. Live in one unit and rent out the other. Upstair- 3 Bedrooms unit has been remodeled- and freshly painted, with a private patio area, move-in ready. Downstair-2 Bedrooms unit,currently rented out. Features 1 Car Garage, gated driveway parking - currently used by tenants, upgraded electrical, onsite laundry room.

Last Agent to Sell the Property

Phoebe Choong

CMF Real Estate Capital Group License #01324487 Listed on: 09/01/2012

Last Buyer's Agent

Mike Grosso

HomeSmart Professionals License #01266125

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,904

Year Built

  • Built in 1989

Lot Details

  • 2,482 Sq Ft Lot
  • Lot Dimensions are 40x62

Parking

  • 1 Car Garage

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,340 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 6 / 4
  • Tax Tract Number 1
  • Assessor Parcel Number 7274021049

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $50
  • Insurance Expense $1
  • Trash Expense $65
  • Water Sewer Expense $95
  • New Taxes Expense $3,937
  • Gross Income $2,550
  • Net Operating Income $29,671

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,904

Year Built

Built in 1989

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 9.42
  • View: No
  • Water Sewer Expenses: 95.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 50.00
  • Parcel Number: 7274021049
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Wood
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 223.88

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace
  • Trash Expense: 65.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 40x62
  • Lot Size Sq Ft: 2482.00
  • Lot Size Acres: 0.0570

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 2550.00
  • Gross Multiplier: 9.72
  • Gross Scheduled Income: 32400.00
  • Insurance Expense: 1.00
  • Net Operating Income: 29671.00
  • 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: 2728.00

Tax Info

  • New Taxes Expense: 3937.00
  • Tax Area: 11933
  • Tax Block: 4
  • Tax Lot: 6
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2014
Sold by
Ouklore Poe
Bought by
Poe & Mollicah Ouklore Trust
Current Estimated Value
$761,723

Purchase Details

Listed on
Sep 1, 2012
Closed on
Sep 25, 2012
Sold by
Sanchez Edward M
Bought by
Ouklore Poe and Ouklore Mollicah
Seller's Agent
Phoebe Choong
CMF Real Estate Capital Group
Buyer's Agent
Mike Grosso
HomeSmart Professionals
List Price
$315,000
Sold Price
$300,000
Premium/Discount to List
-$15,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.70%
Original Mortgage
$210,000
Outstanding Balance
$145,388
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$631,143

Purchase Details

Closed on
May 7, 1999
Sold by
Federal National Mortgage Association
Bought by
Sanchez Edward M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,250
Interest Rate
6.92%

Purchase Details

Closed on
Nov 10, 1998
Sold by
Ft Mtg Companies
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 31, 1995
Sold by
Crc Development Corp
Bought by
Elam Jeffrey W and Elam Dolores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,750
Interest Rate
7.88%

Purchase Details

Closed on
Aug 31, 1993
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Cheam Sambath

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
6.74%
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
Poe & Mollicah Ouklore Trust -- None Available
Ouklore Poe $300,000 Fatcola
Sanchez Edward M $123,000 Chicago Title
Federal National Mortgage Association -- American Title Co
Ft Mtg Companies $126,657 American Title Co
Elam Jeffrey W $57,000 Chicago Title Insurance Co
Cheam Sambath $90,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ouklore Poe $210,000
Previous Owner Sanchez Edward M $92,250
Previous Owner Elam Jeffrey W $114,750
Previous Owner Cheam Sambath $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2012 10/18/12 Sold $300,000 -4.8% $224 / Sq Ft
09/18/2012 09/18/12 Pending -- -- --
09/01/2012 09/01/12 For Sale $315,000 -- $235 / 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 $4,904 $369,415 $258,594 $110,821
2024 $4,904 $362,173 $253,524 $108,649
2023 $4,820 $355,072 $248,553 $106,519
2022 $4,529 $348,111 $243,680 $104,431
2021 $4,434 $341,286 $238,902 $102,384
2019 $4,371 $331,166 $231,817 $99,349
2018 $4,230 $324,673 $227,272 $97,401
2016 $3,892 $312,068 $218,448 $93,620
2015 $3,738 $307,381 $215,167 $92,214
2014 $3,718 $301,361 $210,953 $90,408
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: R1204492

California Regional Multiple Listing Service (CRMLS)

APN: 7274-021-049