NOT LISTED FOR SALE

820 Hoffman Ave Long Beach, CA 90813

Hellman Neighborhood

Estimated Value: $1,369,027 - $1,727,000

9 Beds
7 Baths
5,967 Sq Ft
$259/Sq Ft Est. Value

Last Sold January 17, 2014

Last sale price $600,000 $101 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $8,718/month

18 Days on Market

Highlights

  • Wood Flooring
  • Spanish Architecture
  • Courtyard Views
  • Long Beach Polytechnic High School Rated A
  • No HOA
  • 4-minute walk to Craftsman Village Park

About This Home

As of January 2014

Classic Spanish Architecture with Interior Courtyard, 7 Units, 3 Garages. Built in 1928 with tons of Character. 4 Large 2 Bedrm Units, 1- One Bedrm and 2 Studios. On-site Laundry. Needs work. Cash Offers Only. Investment Property in Good Area.

Last Agent to Sell the Property

Winnie Glas

Coldwell Banker Coastal Alliance License #01391369 Listed on: 12/16/2013

Co-Listed By

Heather Burke

Coldwell Banker Realty License #01369903

Last Buyer's Agent

Maria Elena Aguirre

Mission Real Estate Group License #01009380

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 6,427 Sq Ft Lot
  • Two or More Common Walls
  • West Facing Home
  • Needs Fence Repair
  • Density is 6-10 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Spanish Architecture
  • Property Attached
  • Adobe

Interior Spaces

  • 5,967 Sq Ft Home
  • 2-Story Property
  • Courtyard Views
  • Gas Cooktop
  • Laundry Room

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 37
  • Assessor Parcel Number 7267019020

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Insurance Expense $3,500
  • New Taxes Expense $8,123
  • Gross Income $3,600
  • Net Operating Income $36,287

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 7267019020
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 100.55

Exterior Features

  • Direction Faces: West
  • View: Courtyard
  • Fencing: Needs Repair
  • Pool Private: No
  • Construction Materials: Adobe

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 6-10 Units/Acre
  • Lot Size: 6373
  • Lot Size Sq Ft: 6427.00
  • Lot Size Acres: 0.1480

Multi Family

  • Average1 Bed Area: 500
  • Average2 Bed Area: 650
  • Electric Expense: 360.00
  • Gross Income: 3600.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 6427.0000 Square Feet
  • Net Operating Income: 36287.00
  • 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: 7
  • Operating Expense: 6913.00
  • Rent Control: No
  • Total Actual Rent: 3100.00

Tax Info

  • New Taxes Expense: 8123.00
  • Tax Lot: 37
  • Tax Tract Number: 00
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2013
Closed on
Mar 12, 2014
Sold by
Hoffman Partnership
Bought by
Jb & Rb Properties
Seller's Agent
Winnie Glas
Coldwell Banker Coastal Alliance
Buyer's Agent
Maria Elena Aguirre
Mission Real Estate Group
List Price
$649,000
Sold Price
$600,000
Premium/Discount to List
-$49,000
-7.55%
Current Estimated Value
$1,490,047

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$890,047
Avg. Annual Appreciation
8.21%
Original Mortgage
$425,000
Interest Rate
4.31%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 16, 2013
Closed on
Mar 7, 2014
Sold by
Mega Financial Llc
Bought by
Hoffman Partnership and Hoffman Trust
Seller's Agent
Winnie Glas
Coldwell Banker Coastal Alliance
Buyer's Agent
Maria Elena Aguirre
Mission Real Estate Group
List Price
$649,000
Sold Price
$600,000
Premium/Discount to List
-$49,000
-7.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
4.31%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 16, 2013
Closed on
Jan 6, 2014
Sold by
Smith Karen Kay and Kathryn M Wiser Family Trust
Bought by
Mega Financial and Hoffman Trust
Seller's Agent
Winnie Glas
Coldwell Banker Coastal Alliance
Buyer's Agent
Maria Elena Aguirre
Mission Real Estate Group
List Price
$649,000
Sold Price
$600,000
Premium/Discount to List
-$49,000
-7.55%

Purchase Details

Closed on
Feb 6, 2008
Sold by
Olsen Casey A and Estate Of Philip Mark Hughes
Bought by
Lee Robert W and Lee Aurora

Purchase Details

Closed on
Feb 9, 2006
Sold by
Hughes Bryan H and Estate Of Phillip M Hughes
Bought by
Lee Robert W and Lee Aurora

Purchase Details

Closed on
Sep 29, 2004
Sold by
Hughes Bryan W and Estate Of Phillip M Hughes
Bought by
Lee Robert W and Lee Aurora

Purchase Details

Closed on
Oct 30, 2000
Sold by
Wiser Kathryn M
Bought by
Wiser Kathryn M and Kathryn M Wiser Family Trust

Purchase Details

Closed on
Dec 8, 1999
Sold by
Hughes Bryan William
Bought by
Hughes Phillip Mark
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
Jb & Rb Properties $710,000 Old Republic Title Company
Hoffman Partnership -- None Available
Mega Financial $600,000 Old Republic Title Company
Lee Robert W -- None Available
Lee Robert W $24,500 None Available
Lee Robert W $24,000 --
Wiser Kathryn M -- --
Hughes Phillip Mark -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jb & Rb Properties $425,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2014 01/17/14 Sold $600,000 -7.6% $101 / Sq Ft
01/03/2014 01/03/14 Pending -- -- --
12/16/2013 12/16/13 For Sale $649,000 -- $109 / 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 $12,039 $870,353 $612,928 $257,425
2024 $12,039 $853,288 $600,910 $252,378
2023 $11,828 $836,558 $589,128 $247,430
2022 $11,127 $820,156 $577,577 $242,579
2021 $10,869 $804,075 $566,252 $237,823
2019 $10,713 $780,547 $549,457 $231,090
2018 $10,388 $765,250 $538,684 $226,566
2017 $10,278 $749,932 $528,122 $221,810
2016 $9,540 $735,228 $517,767 $217,461
2015 $9,173 $724,185 $509,990 $214,195
2014 -- $120,579 $34,654 $85,925
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2014

    Winnie Glas

    Coldwell Banker Coastal Alliance

  • H

    Seller Co-Listing Agent in 2014

    Heather Burke

    Coldwell Banker Realty

  • M

    Buyer's Agent in 2014

    Maria Elena Aguirre

    Mission Real Estate Group

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13253369

California Regional Multiple Listing Service (CRMLS)

APN: 7267-019-020

California Los Angeles County Long Beach 90813 Hellman

820 Hoffman Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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