NOT LISTED FOR SALE

Estimated Value: $845,000 - $1,052,000

4 Beds
3 Baths
2,196 Sq Ft
$425/Sq Ft Est. Value

Last Sold May 14, 2014

Last sale price $465,000 $212 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $5,725/month

50 Days on Market

Highlights

  • 0.17 Acre Lot
  • Long Beach Polytechnic High School Rated A
  • Private Yard

About This Home

As of May 2014

HUGE PRICE REDUCTION!!!STANDARD SALE!!! Great Investment. Investors and Contractors Dream!! 3 units on a huge lot 7518 SF. Walking distance to the ocean and only a few minutes away from Downtown Long Beach and Belmont Shore. These units were rehabbed at the time of purchase. Clean and spacious, Front house has brand new carpet in living room and bedrooms, all interior has been painted, seller has been doing some upgrades, it features 2 bedrooms 1 bath, Huge living room, dinning room, Good size Kitchen, large inside laundry room, it's own parking spot plus garage., it could rent approx. between $1600-$1800. Both units in the back are Detached from front house. The duplex is generating approx $1775 in combined rents. Detached 2 car garages and plenty of parking for 4-6 cars. Perfect Investment!! Great for First time buyers or as an investment for future cash flow. Don't Wait--Call now. FHA OFFERS ARE WELCOME. 20K PRICE REDUCTION. Hurry up, this is a great investment.

Last Agent to Sell the Property

Maria Olmos

Y Realty License #00956497 Listed on: 02/01/2014

Last Buyer's Agent

Channy Chor

JohnHart Real Estate License #01836138

JohnHart Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,673

Year Built

  • Built in 1920

Lot Details

  • 7,518 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • 2,196 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 192
  • Assessor Parcel Number 7274023020

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,275
  • Net Operating Income $39,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,673

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 7274023020
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 211.75

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Yard
  • Lot Size Sq Ft: 7518.00
  • Lot Size Acres: 0.1730

Multi Family

  • Gross Income: 3275.00
  • Gross Scheduled Income: 39300.00
  • Lot Size Area: 7518.0000 Square Feet
  • Net Operating Income: 39300.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No

Tax Info

  • Tax Lot: 192

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2018
Sold by
William Alexander
Bought by
William Alexander
Current Estimated Value
$933,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$434,230
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$506,775

Purchase Details

Closed on
Jul 15, 2017
Sold by
William Alexander and Chum Chan Sockchea
Bought by
William Alexander

Purchase Details

Listed on
Feb 1, 2014
Closed on
Apr 24, 2014
Sold by
Perrigoue Charles Coyle
Bought by
William Alexander and Chum Chan Sokchea
Seller's Agent
Maria Olmos
Y Realty
Buyer's Agent
Channy Chor
JohnHart Real Estate
List Price
$499,000
Sold Price
$465,000
Premium/Discount to List
-$34,000
-6.81%

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
$372,000
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 5, 2001
Sold by
Mkt Community Development
Bought by
Ferrigoue Charles Coyle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,292
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 2, 2001
Sold by
Shelter First Inc
Bought by
Mkt Community Development

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
8.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 21, 1999
Sold by
Hud
Bought by
Shelter First Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
7.68%

Purchase Details

Closed on
Aug 31, 1999
Sold by
Crossland Mtg Corp
Bought by
Hud

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
7.68%

Purchase Details

Closed on
Apr 27, 1999
Sold by
Welch John Harold
Bought by
Crossland Mtg Corp

Purchase Details

Closed on
Mar 20, 1998
Sold by
Barbosa Francisco
Bought by
Welch John Harold

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,500
Interest Rate
7%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 14, 1997
Sold by
Bankers Trust Co
Bought by
Barbosa Francisco J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
7.43%

Purchase Details

Closed on
Sep 16, 1996
Sold by
Williams Richard A and Williams Brenda J
Bought by
Bankers Trust Co and Greenwich Capital Acceptance Inc Series

Purchase Details

Closed on
Jun 13, 1996
Sold by
Williams Brenda
Bought by
Elkwood Financial Inc and Keswick Management Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
William Alexander -- Chicago Title Company
William Alexander -- Chicago Title
William Alexander $465,000 Ticor Title Tustin Orange Co
Ferrigoue Charles Coyle $240,000 Ticor Title
Mkt Community Development -- First American Title Co
Shelter First Inc $167,000 Provident Title
Hud -- American Title Co
Crossland Mtg Corp $199,453 American Title Co
Welch John Harold $169,000 South Coast Title Company
Barbosa Francisco J $100,000 --
Bankers Trust Co $100,000 Fidelity Title
Elkwood Financial Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open William Alexander $500,000
Closed William Alexander $372,000
Previous Owner Perrigoue Charles Coyle $375,000
Previous Owner Perrigoue Charles Coyle $25,000
Previous Owner Perrigoue Charles Coyle $237,323
Previous Owner Perrigoue Charles Coyle $42,000
Previous Owner Ferrigoue Charles Coyle $236,292
Previous Owner Mkt Community Development $176,000
Previous Owner Shelter First Inc $185,500
Previous Owner Welch John Harold $198,500
Previous Owner Barbosa Francisco J $117,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2014 05/14/14 Sold $465,000 -6.8% $212 / Sq Ft
03/23/2014 03/23/14 Pending -- -- --
02/01/2014 02/01/14 For Sale $499,000 -- $227 / 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 $7,673 $570,014 $398,399 $171,615
2024 $7,673 $558,838 $390,588 $168,250
2023 $7,543 $547,881 $382,930 $164,951
2022 $7,095 $537,139 $375,422 $161,717
2021 $6,947 $526,608 $368,061 $158,547
2020 $6,929 $521,209 $364,287 $156,922
2019 $6,765 $510,991 $357,145 $153,846
2018 $6,472 $500,973 $350,143 $150,830
2016 $5,952 $481,522 $336,548 $144,974
2015 $5,717 $474,290 $331,493 $142,797
2014 $3,768 $289,220 $168,712 $120,508
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14023887

California Regional Multiple Listing Service (CRMLS)

APN: 7274-023-020