NOT LISTED FOR SALE

Estimated Value: $1,080,000 - $1,223,395

4 Beds
4 Baths
2,884 Sq Ft
$392/Sq Ft Est. Value

Sale Details

Date Sold: July 11, 2022

Last sale price $1,015,000 $352 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $7,201 / mo

15 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Central Heating and Cooling System
  • Long Beach Polytechnic High School Rated A

About This Home

As of July 2022

PRIME LOCATION! Excellent Investment opportunity! Well maintained and close to the beach. Featuring new bamboo flooring, remodeled kitchens, bathrooms, and bedrooms. Brand new roof installed on the entire duplex. 1st unit consists of a 2 car garage, 2 big bedrooms, a big living room and family room. 2nd unit on 2nd floor is also 2 bedrooms and 2 baths, has a good sized living room. both units will be delivered with tenants. Don't miss out on this great opportunity.

Last Agent to Sell the Property

VIDAL REYNA

MERIDIAN CAPITAL REAL ESTATE License #01245980 Listed on: 04/23/2022

Last Buyer's Agent

Lenore Cordes

First Team Real Estate License #01462622

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 5,933 Sq Ft Lot
  • 1 Common Wall
  • Sprinklers on Timer
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4 Bedrooms
  • 2,884 Sq Ft Home
  • 2-Story Property

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 19
  • Tax Tract Number 19
  • Assessor Parcel Number 7268012050

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Poly High Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Trash Expense $20
  • Water Sewer Expense $140
  • New Taxes Expense $11,875
  • Operating Expense $160
  • Gross Income $57,600
  • Net Operating Income $55,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

5,933 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 140.00
  • Property Type: Residential Income
  • Parcel Number: 7268012050
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 351.94

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Trash Expense: 20.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Sprinklers Timer
  • Lot Size Sq Ft: 5933.00
  • Lot Size Acres: 0.1362

Multi Family

  • Gross Income: 57600.00
  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 900.00
  • Lot Size Area: 5933.0000 Square Feet
  • Net Operating Income: 55100.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 2500.00
  • Rent Control: No
  • Total Actual Rent: 4800.00
  • Total Expenses: 160.00

Tax Info

  • New Taxes Expense: 11875.00
  • Tax Lot: 19
  • Tax Tract Number: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2022
Closed on
May 19, 2022
Sold by
Cumi Jorge R
Bought by
White Matthew Karl and White Caroline Elizabeth
Seller's Agent
VIDAL REYNA
MERIDIAN CAPITAL REAL ESTATE
Buyer's Agent
Lenore Cordes
First Team Real Estate
List Price
$999,000
Sold Price
$1,015,000
Premium/Discount to List
$16,000
1.6%
Current Estimated Value
$1,129,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,349
Avg. Annual Appreciation
2.91%
Original Mortgage
$996,615
Interest Rate
5.1%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 28, 2018
Closed on
Oct 25, 2018
Sold by
Price Joanner
Bought by
Cumi Jorge R
Seller's Agent
Luis Hernandez
Century 21 A Better Service
Buyer's Agent
VIDAL REYNA
MERIDIAN CAPITAL REAL ESTATE
List Price
$745,000
Sold Price
$725,000
Premium/Discount to List
-$20,000
-2.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.88%
Original Mortgage
$543,750
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 1996
Sold by
Price Joanner
Bought by
Price Joanner

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
7.25%
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
White Matthew Karl $1,015,000 Chicago Title
Cumi Jorge R $725,000 Fidelity National Title Comp
Price Joanner -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner White Matthew Karl $996,615
Previous Owner Cumi Jorge R $543,750
Previous Owner Price Joanner $63,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2022 07/11/22 Sold $1,015,000 +1.6% $352 / Sq Ft
04/23/2022 04/23/22 For Sale $999,000 +37.8% $346 / Sq Ft
12/17/2018 12/17/18 Sold $725,000 -0.7% $251 / Sq Ft View Prior Sale
10/20/2018 10/20/18 Pending -- -- --
10/17/2018 10/17/18 Price Changed $730,000 -2.0% $253 / Sq Ft
09/28/2018 09/28/18 For Sale $745,000 -- $258 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,423 $1,056,006 $535,806 $520,200
2024 $13,423 $1,035,300 $525,300 $510,000
2023 $13,202 $1,015,000 $515,000 $500,000
2022 $9,621 $762,103 $315,353 $446,750
2021 $9,425 $747,161 $309,170 $437,991
2019 $9,291 $725,000 $300,000 $425,000
2018 $3,032 $223,754 $19,495 $204,259
2016 $2,771 $215,067 $18,739 $196,328
2015 $2,666 $211,837 $18,458 $193,379
2014 $2,657 $207,688 $18,097 $189,591
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS22083366

California Regional Multiple Listing Service (CRMLS)

APN: 7268-012-050

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