NOT LISTED FOR SALE

Estimated Value: $732,000 - $1,300,000

2 Beds
4 Baths
1,724 Sq Ft
$641/Sq Ft Est. Value

Last Sold February 16, 2017

Last sale price $800,000 $464 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $6,771/month

12 Days on Market

Highlights

  • Laundry Room
  • Accessible Parking
  • 2-minute walk to Rose Park
  • Woodrow Wilson High School Rated A
  • Central Heating and Cooling System

About This Home

As of February 2017

Great investment opportunity in the Rose Park Historic District! This property includes 3 units that have all been recently remodeled. The front house is a beautiful craftsman with 2 bedrooms, a den, 2 bathrooms with beautiful pergo floors, central heat / AC, and a large private enclosed patio in the back. In the back of the lot, the 2 side by side studios share a charming patio deck overlooking the grounds and each features a murphy bed, tile floors, newer wall heaters, recently replaced roof, newer tankless water heaters, and their own personal garage space below. The remodeled kitchens feature newer appliances and granite countertops. All 3 units have been recently upgraded with newer electrical, plumbing, plumbing fixtures and entirely landscaped with fences, gates, concrete work and sprinklers within the past 5 years. In 2014 new garage doors were installed and fences and deck was painted this past summer. The laundry room for the 3 units includes a coin operated washer and dryer for extra income. This charming and historic craftsman is conveniently located within walking distance to Willard Elementary School, and a few short minutes to Cal State Long Beach, Downtown Long Beach, and the beach! Don't miss out on this opportunity!

Last Agent to Sell the Property

Matthieu Reyes

Vista Sotheby’s International Realty License #01903241 Listed on: 01/02/2017

Co-Listed By

Vicki Leach

Vista Sotheby’s International Realty License #01341908

Last Buyer's Agent

Vivan Ainis

Seven Gables Real Estate License #01744842

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 5,202 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • 1,724 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Accessible Parking
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 5769
  • Assessor Parcel Number 7258016022

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $160
  • Insurance Expense $1,230
  • Trash Expense $240
  • Water Sewer Expense $240
  • Operating Expense $11,610
  • Gross Income $38,640
  • Net Operating Income $26,130

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

3

Listing Details

  • Inclusions: Appliances and coin operated laundry washer / dryer
  • Property Attached: Yes
  • Subdivision Name Other: Rose Park
  • Water Sewer Expenses: 240.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Parcel Number: 7258016022
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Accessibility Features: Parking
  • Price Per Square Foot: 464.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 240.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5202.00

Multi Family

  • Electric Expense: 160.00
  • Gross Income: 38640.00
  • Gross Scheduled Income: 38640.00
  • Insurance Expense: 1230.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 80.00
  • Net Operating Income: 26130.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 11610.00
  • Rent Control: No
  • Total Expenses: 11610.00

Tax Info

  • Tax Census Tract: 5769.04
  • Tax Lot: 9
  • Tax Tract Number: 5769

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2017
Closed on
Jan 30, 2017
Sold by
Soto Alejandro
Bought by
Adams Molly A
Seller's Agent
Matthieu Reyes
Vista Sotheby’s International Realty
Buyer's Agent
Vivan Ainis
Seven Gables Real Estate
List Price
$799,000
Sold Price
$800,000
Premium/Discount to List
$1,000
0.13%
Current Estimated Value
$1,104,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,333
Avg. Annual Appreciation
3.69%
Original Mortgage
$640,000
Outstanding Balance
$529,894
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$574,439

Purchase Details

Listed on
Jan 27, 2014
Closed on
Mar 11, 2014
Sold by
Galvan Loretta Marie Siani and Galvan Leticia
Bought by
Soto Alejandro
Seller's Agent
Donna Andre
Coldwell Banker Realty
Buyer's Agent
Diana Rivera
JP Real Estate
List Price
$699,000
Sold Price
$620,000
Premium/Discount to List
-$79,000
-11.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.39%
Original Mortgage
$640,460
Interest Rate
4.32%
Mortgage Type
VA

Purchase Details

Closed on
Oct 29, 2009
Sold by
Siani Loretta M and Galvan Leticia
Bought by
Siani Loretta Marie and Galvan Leticia

Purchase Details

Closed on
Feb 7, 2008
Sold by
Reitano John W
Bought by
Galvan Leticia and Siani Loretta M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 2002
Sold by
Maldonado Kenia Vanesa
Bought by
Reitano John W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.83%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 15, 2002
Sold by
Grosz Marie I
Bought by
Reitano John W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.83%
Mortgage Type
Balloon
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
Adams Molly A $800,000 Fidelity National Title Co
Soto Alejandro $620,000 Ticor Title
Siani Loretta Marie -- None Available
Galvan Leticia $530,000 North American Title Company
Reitano John W -- Lawyers Title Company
Reitano John W $225,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adams Molly A $640,000
Previous Owner Soto Alejandro $640,460
Previous Owner Galvan Leticia $371,000
Previous Owner Reitano John W $180,000
Closed Reitano John W $22,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/16/2017 02/16/17 Sold $800,000 +0.1% $464 / Sq Ft
01/14/2017 01/14/17 Pending -- -- --
01/02/2017 01/02/17 For Sale $799,000 +28.9% $463 / Sq Ft
04/15/2014 04/15/14 Sold $620,000 -11.3% $360 / Sq Ft View Prior Sale
03/01/2014 03/01/14 Pending -- -- --
01/27/2014 01/27/14 For Sale $699,000 -- $405 / 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 $12,026 $928,462 $696,348 $232,114
2024 $12,026 $910,258 $682,695 $227,563
2023 $11,819 $892,410 $669,309 $223,101
2022 $11,095 $874,913 $656,186 $218,727
2021 $10,874 $857,759 $643,320 $214,439
2020 $10,846 $848,965 $636,724 $212,241
2019 $10,718 $832,320 $624,240 $208,080
2018 $10,417 $816,000 $612,000 $204,000
2016 $7,950 $642,030 $465,990 $176,040
2015 $7,633 $632,387 $458,991 $173,396
2014 $6,993 $567,893 $353,595 $214,298
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17000425

California Regional Multiple Listing Service (CRMLS)

APN: 7258-016-022