NOT LISTED FOR SALE

Estimated Value: $793,000 - $985,444

4 Beds
2 Baths
1,612 Sq Ft
$563/Sq Ft Est. Value

Last Sold March 03, 2017

Last sale price $429,765 $267 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $5,637/month

168 Days on Market

About This Home

As of March 2017

*** INVESTMENTS OPPORTUNITY***
***LONG BEACH DUPLEX***
This Long Beach Beauty has 2 Spacious Units with 2 bedrooms and 1 bath each, upstairs and downstairs units, Attached garage, Low maintenance Property, ONLY 10 BLOCKS FROM THE BEACH, Close to Shopping, Transportation, Freeways, Pine Street, Downtown Long Beach, & Everything

Last Agent to Sell the Property

Venny Saucedo

The Agent and Company License #01328134 Listed on: 08/04/2016

The Agent and Company

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,469

Year Built

  • Built in 1928

Lot Details

  • 1,609 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • 1,612 Sq Ft Home
  • Raised Foundation

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Sewer on Bond
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 26
  • Tax Tract Number 5763
  • Assessor Parcel Number 7274011027

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $600
  • Water Sewer Expense $1,800
  • New Taxes Expense $5,375
  • Operating Expense $8,775
  • Gross Income $1,900
  • Net Operating Income $2,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,469

Year Built

Built in 1928

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: Smoke Detector(s)
  • Water Sewer Expenses: 1800.00
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Parcel Number: 7274011027
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 266.60

Exterior Features

  • Foundation: Raised
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Available
  • Sewer: Sewer On Bond, Sewer Paid
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 1609.00
  • Price Per Lot Square Foot: 267.18

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 1900.00
  • Gross Scheduled Income: 22800.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 2200.00
  • 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: 2200.00
  • Rent Control: No
  • Total Expenses: 8775.00

Tax Info

  • New Taxes Expense: 5375.00
  • Tax Lot: 26
  • Tax Tract Number: 5763

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2016
Closed on
Jan 20, 2017
Sold by
Benites Javier
Bought by
Lopez Juan A Contreras
Seller's Agent
Venny Saucedo
The Agent and Company
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$429,999
Sold Price
$429,765
Premium/Discount to List
-$234
-0.05%
Total Days on Market
168
Current Estimated Value
$908,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$478,346
Avg. Annual Appreciation
9.48%
Original Mortgage
$421,980
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 8, 2015
Sold by
Benites Javier
Bought by
Benites Javier and Benites Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2002
Sold by
Benites Javier
Bought by
Benites Javier and Benites Jennifer

Purchase Details

Closed on
Apr 18, 2002
Sold by
Benites Jennifer
Bought by
Benites Javier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,250
Interest Rate
7.13%

Purchase Details

Closed on
Mar 19, 2002
Sold by
Hud
Bought by
Benites Javier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,250
Interest Rate
7.13%

Purchase Details

Closed on
Sep 21, 2001
Sold by
Fifth Third Investment Company
Bought by
Hud

Purchase Details

Closed on
Jan 4, 2000
Sold by
Black Charles B
Bought by
Old Kent Mtg Company and National Pacific Mtg Corp

Purchase Details

Closed on
Jul 16, 1999
Sold by
Carlisle Eric
Bought by
Galloway Kim

Purchase Details

Closed on
Mar 25, 1999
Sold by
Jefferson James
Bought by
Carlisle Eric

Purchase Details

Closed on
Mar 5, 1999
Sold by
Black Charles B
Bought by
Jefferson James

Purchase Details

Closed on
Feb 17, 1998
Sold by
Federal National Mortgage Association
Bought by
Black Charles B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,730
Interest Rate
7.06%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 16, 1997
Sold by
Irving Dorothy and Federal National Mortgage Asso
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 1, 1994
Sold by
Rosen Michael
Bought by
Adams Lou

Purchase Details

Closed on
Apr 29, 1994
Sold by
Adams Lou
Bought by
Irving Dorothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
8.25%
Source: Public Records

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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
Lopez Juan A Contreras $430,000 North American Title
Benites Javier -- Orange Coast Title Company
Benites Javier -- --
Benites Javier -- Fidelity Title
Benites Javier $115,000 Fidelity Title
Hud -- American Title
Old Kent Mtg Company $100,906 Benefit Land Title Ins Co
Galloway Kim -- --
Carlisle Eric -- --
Jefferson James -- --
Black Charles B $88,500 Chicago Title Co
Federal National Mortgage Association $100,000 First Southwestern Title Co
Adams Lou $100,000 Old Republic Title Company
Irving Dorothy $165,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Contreras Lopez Juan $173,000
Open Lopez Juan A Contreras $510,400
Closed Lopez Juan A Contreras $438,750
Closed Lopez Juan A Contreras $419,973
Closed Lopez Juan A Contreras $421,980
Previous Owner Benites Javier $260,000
Previous Owner Benites Javier $181,000
Previous Owner Benites Javier $40,000
Previous Owner Benites Javier $200,000
Previous Owner Benites Javier $109,250
Previous Owner Black Ii Charles B $25,000
Previous Owner Black Charles B $87,730
Previous Owner Irving Dorothy $115,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2017 03/03/17 Sold $429,765 0.0% $267 / Sq Ft
01/19/2017 01/19/17 Pending -- -- --
11/29/2016 11/29/16 Price Changed $429,765 0.0% $267 / Sq Ft
10/27/2016 10/27/16 Price Changed $429,769 0.0% $267 / Sq Ft
10/18/2016 10/18/16 Price Changed $429,771 0.0% $267 / Sq Ft
09/19/2016 09/19/16 Price Changed $429,777 0.0% $267 / Sq Ft
08/31/2016 08/31/16 Price Changed $429,888 0.0% $267 / Sq Ft
08/19/2016 08/19/16 Price Changed $429,998 0.0% $267 / Sq Ft
08/04/2016 08/04/16 For Sale $429,999 -- $267 / 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
2024 $6,469 $488,989 $341,347 $147,642
2023 $6,359 $479,402 $334,654 $144,748
2022 $5,970 $470,003 $328,093 $141,910
2021 $5,847 $460,788 $321,660 $139,128
2019 $5,763 $447,122 $312,120 $135,002
2018 $5,614 $438,355 $306,000 $132,355
2017 $2,645 $190,921 $89,097 $101,824
2016 $2,455 $187,178 $87,350 $99,828
2015 $3,736 $184,367 $86,038 $98,329
2014 $2,354 $180,756 $84,353 $96,403
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16171217

California Regional Multiple Listing Service (CRMLS)

APN: 7274-011-027