NOT LISTED FOR SALE

Estimated Value: $847,583 - $977,000

5 Beds
2 Baths
2,929 Sq Ft
$309/Sq Ft Est. Value

Last Sold July 02, 2019

Last sale price $620,000 $212 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $5,752/month

85 Days on Market

Highlights

  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • 4-minute walk to Martin Luther King Jr Park

About This Home

As of July 2019

CHARMING 1920'S DUPLEX! FIRST TIME ON THE MARKET IN OVER 10 YEARS! 2 SIDE BY SIDE UNITS CONSISTING OF MIX 1- 3 BEDROOM/ 2 BATH AND 1- 2 BEDROOM/ 1 BATH. BOTH UNITS HAVE BEEN REMODELED WITH NEW GRANITE KITCHENS, FLOORING AND BATHROOMS WITH OVER 45K IN REMODELS. EACH UNIT HAS WASHER/ DRYER INSIDE. PLENTY OF PARKING WITH 4 GARAGES. UPDATED ELECTRICAL AND PLUMBING. NEW WINDOWS, NEW WATER HEATERS, NEW BATHROOMS WITH VANITIES AND FIXTURES. NEW EXTERIOR PAINT. EACH UNIT HAS HUGE PRIVATE SEPARATE BACK YARDS THAT LEAD INTO THE GARAGES. SEPARATELY METERED FOR GAS AND ELECTRIC. 1 TENANT IS ON MONTH-MONTH LEASE AND 1 TENANT IS ON YEAR CONTRACT THAT EXPIRES JAN 2020. PERFECT FOR SOMEONE WHO WANTS TO LIVE IN 1 UNIT AND GET ADDITIONAL INCOME OR INVESTOR TO RENT OUT BOTH. HURRY THIS OPPORTUNITY WONT LAST LONG!

Last Agent to Sell the Property

Kristina Moore

The Moore Group License #01926377 Listed on: 04/02/2019

Last Buyer's Agent

Vipin Vadecha

Omni Realty & Investments License #00826905

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,038

Year Built

  • Built in 1923

Lot Details

  • 5,878 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 2,929 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 3
  • Tax Tract Number 5732
  • Assessor Parcel Number 7210013003

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $53,280
  • Net Operating Income $45,610

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,038

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Other Phone Number: 7148097608
  • Property Attached: No
  • Subdivision Name Other: Poly High (PH)
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7210013003
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 211.68

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5878.00
  • Lot Size Acres: 0.1349

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 53280.00
  • Gross Scheduled Income: 53280.00
  • Lot Size Area: 5878.0000 Square Feet
  • Net Operating Income: 45610.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 7670.00
  • Rent Control: No
  • Total Actual Rent: 4440.00

Tax Info

  • Tax Census Tract: 5732.02
  • Tax Lot: 3
  • Tax Tract Number: 5732

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2019
Closed on
May 16, 2019
Sold by
Kolias John J and Metsovas Kolias Terry
Bought by
Shah Kushan and Shah Khushbu
Seller's Agent
Kristina Moore
The Moore Group
Buyer's Agent
Vipin Vadecha
Omni Realty & Investments
List Price
$699,000
Sold Price
$620,000
Premium/Discount to List
-$79,000
-11.3%
Current Estimated Value
$905,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,146
Avg. Annual Appreciation
6.39%
Original Mortgage
$465,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2015
Sold by
Kolias John J and Metsovas Kolias Terry
Bought by
The Kolias Living Trust

Purchase Details

Closed on
Oct 15, 2013
Sold by
Kolias John and Kolias Terry
Bought by
Kolias John J and Metsovas Kolias Terry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2008
Sold by
Novastar Mortgage Inc
Bought by
Kolias John and Kolias Terry

Purchase Details

Closed on
Sep 13, 2007
Sold by
Ray April
Bought by
Novastar Mortgage Inc

Purchase Details

Closed on
Mar 22, 2006
Sold by
Morales Norma and Mass Santiago
Bought by
Ray April

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.13%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 11, 2004
Sold by
Maas Santiago and Morales Norma
Bought by
Maas Santiago and Morales Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,650
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 2004
Sold by
Salgado Maas Santiago and Salgado Avelanez Jaime
Bought by
Maas Santiago and Morales Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,500
Interest Rate
8.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 28, 2001
Sold by
Access Homes Inc
Bought by
Salgado Maas Santiago and Salgado Aveldanez Jaime

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 5, 2001
Sold by
Barajas Ricardo Perez and Barajas Ruben
Bought by
Access Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 1999
Sold by
Ramirez Pedro
Bought by
Barajas Ricardo Perez and Barajas Ruben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,506
Interest Rate
7.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 21, 1999
Sold by
Aames Capital Corp
Bought by
Ramirez Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,506
Interest Rate
7.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 7, 1999
Sold by
Martinez Nario Alvin and Martinez Lopez Alejandro
Bought by
Aames Capital Corp

Purchase Details

Closed on
Dec 15, 1997
Sold by
Pacific Realty Inc
Bought by
Martinez Nario Alvin and Martinez Lopez Alejandro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 3, 1997
Sold by
Ali Victor
Bought by
Pacific Realty Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 1995
Sold by
Ali Candace S
Bought by
Ali Victor

Purchase Details

Closed on
Aug 16, 1994
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Ali Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,450
Interest Rate
9.08%
Mortgage Type
Purchase Money Mortgage
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
Shah Kushan $620,000 Ticor Title Company
The Kolias Living Trust -- None Available
Kolias John J -- First American Title Company
Kolias John $315,000 Lsi Title Company Ca
Novastar Mortgage Inc $148,724 None Available
Ray April $675,000 Security Union Title
Maas Santiago -- Security Union Title
Maas Santiago -- Orange Coast
Salgado Maas Santiago $225,000 American Title Co
Access Homes Inc $80,600 --
Barajas Ricardo Perez $305,000 Benefit Land Title Company
Ramirez Pedro $171,000 Orange Coast Title
Aames Capital Corp $193,291 Orange Coast Title
Martinez Nario Alvin $300,000 --
Pacific Realty Inc $142,000 North American Title Co
Ali Victor -- --
Ali Victor $95,000 World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shah Kushan $453,000
Previous Owner Shah Kushan $465,000
Previous Owner Kolias John J $190,000
Previous Owner Ray April $135,000
Previous Owner Ray April $540,000
Previous Owner Maas Santiago $449,650
Previous Owner Maas Santiago $314,500
Previous Owner Salgado Maas Santiago $225,000
Previous Owner Access Homes Inc $157,000
Previous Owner Barajas Ricardo Perez $302,506
Previous Owner Ramirez Pedro $165,000
Previous Owner Martinez Nario Alvin $240,000
Previous Owner Pacific Realty Inc $139,472
Previous Owner Ali Victor $142,450
Closed Martinez Nario Alvin $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2019 07/02/19 Sold $620,000 -11.3% $212 / Sq Ft
06/26/2019 06/26/19 Pending -- -- --
06/17/2019 06/17/19 For Sale $699,000 0.0% $239 / Sq Ft
05/17/2019 05/17/19 Pending -- -- --
04/02/2019 04/02/19 For Sale $699,000 -- $239 / 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 $9,038 $678,056 $437,456 $240,600
2024 $9,038 $664,762 $428,879 $235,883
2023 $8,881 $651,728 $420,470 $231,258
2022 $8,346 $638,950 $412,226 $226,724
2021 $8,172 $626,423 $404,144 $222,279
2019 $5,969 $429,483 $225,328 $204,155
2018 $5,736 $421,071 $220,910 $200,161
2016 $5,274 $404,319 $212,333 $191,986
2015 $5,072 $398,247 $209,144 $189,103
2014 $5,055 $390,447 $205,048 $185,399
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19071900

California Regional Multiple Listing Service (CRMLS)

APN: 7210-013-003