NOT LISTED FOR SALE

908 E Artesia Blvd Long Beach, CA 90805

Houghton Park Neighborhood

Estimated Value: $1,193,878

6 Beds
4 Baths
3,242 Sq Ft
$368/Sq Ft Est. Value

Last Sold September 19, 2016

Last sale price $649,999 $200 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $7,347/month

54 Days on Market

About This Home

As of September 2016

Great Location in the upcoming Uptown Renaissance Area of North Long Beach. This property features a large 8007 sq' lot with a 3242 sq' building. The building features a mixed use with a duplex upstairs comprised of 2- 2bedroom 1 bath units and downstairs is used as 2 units both 1 bed 1 bath with one of the units available for mixed use. The city of Long Beach is going through an extensive redevelopment in the 9th district making it a great time to invest while in the beginning stages.

Last Agent to Sell the Property

Robert Ross

Keller Williams Pacific Estates La Mirada License #01766791 Listed on: 05/25/2016

Keller Williams Pacific Estates La Mirada

Co-Listed By

Raul Nario

eXp Realty of Southern Calif License #01901505

Last Buyer's Agent

mike rico

Realty One Group United License #01241637

Realty One Group United

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 8,007 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 3,242 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Additional Features

  • Exterior Lighting
  • Sewer Paid

Listing and Financial Details

  • Tax Tract Number 7155
  • Assessor Parcel Number 7115009011

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 3 Separate Water Meters
  • Electric Expense $480
  • Insurance Expense $1,400
  • Trash Expense $804
  • Water Sewer Expense $1,080
  • New Taxes Expense $3,745
  • Gross Income $4,400
  • Net Operating Income $3,775

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1080.00
  • Property Type: Residential Income
  • Parcel Number: 7115009011
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 200.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Sewer: Sewer Paid
  • Trash Expense: 804.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8007.00
  • Price Per Lot Square Foot: 81.18

Multi Family

  • Electric Expense: 480.00
  • Gross Income: 4400.00
  • Gross Scheduled Income: 4400.00
  • Insurance Expense: 1400.00
  • Net Operating Income: 3775.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 625.00
  • Rent Control: No
  • Total Actual Rent: 3400.00

Tax Info

  • New Taxes Expense: 3745.00
  • Tax Lot: 0.
  • Tax Tract Number: 7155

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2016
Closed on
Aug 26, 2016
Sold by
Glasco Rhodell
Bought by
Vazquez Jaime and Vazquez Jaime J
Seller's Agent
Robert Ross
Keller Williams Pacific Estates La Mirada
Buyer's Agent
mike rico
Realty One Group United
List Price
$649,999
Sold Price
$649,999
Current Estimated Value
$1,193,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$543,879
Avg. Annual Appreciation
6.72%
Original Mortgage
$487,499
Outstanding Balance
$388,338
Interest Rate
3.43%
Mortgage Type
Commercial
Estimated Equity
$804,113

Purchase Details

Listed on
May 25, 2016
Closed on
Aug 24, 2016
Sold by
Mancillas Joe Jonathan
Bought by
Vazquez Leticia
Seller's Agent
Robert Ross
Keller Williams Pacific Estates La Mirada
Buyer's Agent
mike rico
Realty One Group United
List Price
$649,999
Sold Price
$649,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,499
Outstanding Balance
$388,338
Interest Rate
3.43%
Mortgage Type
Commercial
Estimated Equity
$804,113

Purchase Details

Closed on
Jul 28, 2008
Sold by
Glasco Algie
Bought by
Glasco Algie

Purchase Details

Closed on
Nov 26, 1997
Sold by
Price Jack A and Price Ann
Bought by
Glasco Rhodell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
7.14%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 17, 1997
Sold by
Price Black Enterprises
Bought by
Price Jack A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vazquez Jaime $650,000 Pacific Coast Title Company
Vazquez Leticia -- Pacific Coast Title Company
Vazquez Jamie -- Pacific Coast Title Company
Glasco Algie -- None Available
Glasco Rhodell $15,000 Chicago Title Co
Price Jack A $25,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vazquez Jaime $487,499
Previous Owner Glasco Rhodell $147,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2016 09/19/16 Sold $649,999 0.0% $200 / Sq Ft
05/25/2016 05/25/16 For Sale $649,999 -- $200 / 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 $13,997 $979,916 $704,502 $275,414
2024 $13,357 $960,703 $690,689 $270,014
2023 $13,123 $941,867 $677,147 $264,720
2022 $9,740 $710,866 $492,139 $218,727
2021 $9,553 $696,929 $482,490 $214,439
2020 $9,502 $689,784 $477,543 $212,241
2019 $9,404 $676,260 $468,180 $208,080
2018 $9,066 $663,000 $459,000 $204,000
2016 $3,865 $242,393 $134,879 $107,514
2015 $3,745 $238,753 $132,853 $105,900
2014 $4,376 $234,077 $130,251 $103,826
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Robert Ross

    Keller Williams Pacific Estates La Mirada

    Section Image

  • R

    Seller Co-Listing Agent in 2016

    Raul Nario

    eXp Realty of Southern Calif

    (562) 507-8990

    4 Total Sales

    Raul Nario
    Section Image

  • m

    Buyer's Agent in 2016

    mike rico

    Realty One Group United

    (562) 704-0469

    10 Total Sales

    mike rico
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16111749

California Regional Multiple Listing Service (CRMLS)

APN: 7115-009-011

California Los Angeles County Long Beach 90805 Houghton Park

908 E Artesia Blvd, Long Beach, CA

Not Listed for Sale

MultiFamily

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