NOT LISTED FOR SALE

Estimated Value: $801,000 - $1,009,000

4 Beds
2 Baths
1,644 Sq Ft
$542/Sq Ft Est. Value

Last Sold July 24, 2015

Last sale price $520,000 $316 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $5,482/month

28 Days on Market

Highlights

  • Bamboo Flooring
  • Garden
  • Wall Furnace
  • Laundry Room
  • East Facing Home
  • 2-minute walk to Drake Park

About This Home

As of July 2015

Welcome to Drake Park and the Wilmore City Historical District neighborhood. This duplex offering includes two income producing units on one lot with three (3) garage spaces and three (3) uncovered parking spaces. Each unit features 2 bedrooms and 1 bathroom both with laundry and private yard areas. Rear unit is recently updated with new flooring, interior paint, kitchen and bathroom. This property offers the investor an opportunity to take advantage of the city's low vacancy rate by acquiring a well maintained, income producing property situated in Long Beach's oldest historical neighborhood.

Last Agent to Sell the Property

Mike Nichols

Engel & Völkers -Long Beach License #01324585 Listed on: 05/12/2015

Last Buyer's Agent

Edgar Rangel

Circle Real Estate License #01928763

Circle Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,933

Year Built

  • Built in 1907

Lot Details

  • 4,115 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • East Facing Home
  • Garden
  • Front Yard

Parking

  • 3 Car Garage

Home Design

  • 1,644 Sq Ft Home

Flooring

  • Bamboo
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 02
  • Tax Tract Number 22
  • Assessor Parcel Number 7271022002

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $500
  • Trash Expense $600
  • Water Sewer Expense $600
  • New Taxes Expense $5,396
  • Net Operating Income $8,264

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,933

Year Built

Built in 1907

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Subdivision Name Other: Drake Park (DP)
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Parcel Number: 7271022002
  • Year Built: 1907
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Bamboo, Stone
  • Levels: Two
  • Price Per Square Foot: 316.30

Exterior Features

  • Direction Faces: East
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Urban

Lot Info

  • Lot Features: Front Yard, Garden
  • Lot Size Sq Ft: 4115.00
  • Price Per Lot Square Foot: 126.37
  • Lot Size Acres: 0.0940

Multi Family

  • Gross Scheduled Income: 15960.00
  • Insurance Expense: 500.00
  • Lot Size Area: 4115.0000 Square Feet
  • Net Operating Income: 8264.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 7696.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5396.00
  • Taxes Percent: 99.00
  • Tax Lot: 02
  • Tax Tract Number: 22
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 1, 2023
Sold by
Soukup Dennis
Bought by
Dennis Soukup Trust and Soukup
Current Estimated Value
$891,628

Purchase Details

Listed on
May 12, 2015
Closed on
Jul 6, 2015
Sold by
Sequoia Group Holdings Llc
Bought by
Siljenberg Jeffrey
Seller's Agent
Mike Nichols
Engel & Völkers -Long Beach
Buyer's Agent
Edgar Rangel
Circle Real Estate
List Price
$538,000
Sold Price
$520,000
Premium/Discount to List
-$18,000
-3.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.45%
Original Mortgage
$509,564
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 19, 2014
Sold by
Stratman Matthew T
Bought by
Sequoia Group Holdings Llc

Purchase Details

Listed on
Dec 23, 2013
Closed on
Apr 17, 2014
Sold by
Newell Tracey and West Victoria
Bought by
Stratman Matthew T
Seller's Agent
Belinda Hernandez
T.N.G. Real Estate Consultants
Buyer's Agent
Mike Nichols
Engel & Völkers -Long Beach
List Price
$410,000
Sold Price
$385,000
Premium/Discount to List
-$25,000
-6.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.56%
Original Mortgage
$378,026
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
May 13, 2013
Sold by
Newell Tracey
Bought by
Newell Tracey and West Victoria

Purchase Details

Closed on
Apr 26, 2006
Sold by
Newell Tracey and West Victoria
Bought by
Newell Tracey

Purchase Details

Closed on
Sep 20, 2003
Sold by
Newell Tracey
Bought by
Newell Tracey and West Victoria

Purchase Details

Closed on
Oct 1, 2002
Sold by
Newell Tracey and West Victoria
Bought by
Newell Tracey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.83%

Purchase Details

Closed on
Nov 7, 2001
Sold by
Newell Tracey
Bought by
Newell Tracey and West Victoria

Purchase Details

Closed on
Aug 15, 2001
Sold by
De La Cruz International Ministries Inc
Bought by
Newell Tracey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,655
Interest Rate
6.91%

Purchase Details

Closed on
Nov 20, 2000
Sold by
Hud
Bought by
De La Cruz International Ministries Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.81%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
May 15, 2000
Sold by
Delucio Julio and Castro Ignacio
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Feb 7, 1997
Sold by
Mccall Lantona
Bought by
Delucio Julio and Castro Ignacio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,250
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 28, 1997
Sold by
Mccall Rosalind
Bought by
Mccall Lantona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,250
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 22, 1997
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Mccall Lantona

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,250
Interest Rate
7.86%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 18, 1996
Sold by
Sanchez Frank R and Federal Home Loan Mortgage Cor
Bought by
Federal Home Loan Mortgage Corporation
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
Siljenberg Jeffrey $520,000 Fidelity National Title Co
Sequoia Group Holdings Llc -- None Available
Stratman Matthew T $385,000 Fatcola
Newell Tracey -- None Available
Newell Tracey -- None Available
Newell Tracey -- --
Newell Tracey -- Equity Title Company
Newell Tracey -- --
Newell Tracey $185,000 Provident Title
De La Cruz International Ministries Inc $138,000 Provident Title
Countrywide Home Loans Inc $172,313 Landsafe Title
Hud -- Landsafe Title
Delucio Julio $167,000 Commonwealth Land Title Co
Mccall Lantona -- Continental Lawyers Title Co
Mccall Lantona $87,000 Continental Lawyers Title Co
Federal Home Loan Mortgage Corporation $87,882 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Siljenberg Jeffrey $509,017
Previous Owner Siljenberg Jeffrey $509,564
Previous Owner Stratman Matthew T $378,026
Previous Owner Newell Tracey $66,849
Previous Owner Newell Tracey $67,059
Previous Owner Newell Tracey $197,500
Previous Owner Newell Tracey $175,000
Previous Owner Newell Tracey $175,655
Previous Owner De La Cruz International Ministries Inc $105,000
Previous Owner Harrison Gregory $114,571
Previous Owner Delucio Julio $163,250
Previous Owner Mccall Lantona $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2015 07/24/15 Sold $520,000 -3.3% $316 / Sq Ft
06/09/2015 06/09/15 Pending -- -- --
05/12/2015 05/12/15 For Sale $538,000 +39.7% $327 / Sq Ft
04/28/2014 04/28/14 Sold $385,000 -6.1% $234 / Sq Ft
03/12/2014 03/12/14 Pending -- -- --
12/23/2013 12/23/13 For Sale $410,000 -- $249 / 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 $7,933 $615,568 $426,164 $189,404
2024 $7,933 $603,499 $417,808 $185,691
2023 $7,800 $591,666 $409,616 $182,050
2022 $7,323 $580,066 $401,585 $178,481
2021 $7,175 $568,693 $393,711 $174,982
2020 $7,157 $563,062 $389,674 $173,388
2019 $7,073 $552,027 $382,034 $169,993
2018 $6,865 $541,208 $374,544 $166,664
2017 $6,792 $530,400 $367,200 $163,200
2016 $6,314 $520,000 $360,000 $160,000
2015 $4,716 $392,691 $275,394 $117,297
2014 $3,862 $312,368 $188,834 $123,534
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV15101938

California Regional Multiple Listing Service (CRMLS)

APN: 7271-022-002