NOT LISTED FOR SALE

Estimated Value: $742,000 - $902,000

3 Beds
2 Baths
1,028 Sq Ft
$807/Sq Ft Est. Value

Last Sold December 08, 2017

Last sale price $505,000 $491 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $4,949/month

36 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Traditional Architecture
  • No HOA
  • Woodrow Wilson High School Rated A
  • Granite Countertops
  • Neighborhood Views

About This Home

As of December 2017

Great opportunity to own a fully remodeled duplex in a historic area of Long Beach. Two separate units on a large lot with front unit
offers 1 bed 1 bath and rear house offers 2 beds 1 bath. The duplex is completely remodeled with new flooring, new paint, new
window treatments, new tankless water heater and water heater. Kitchens are all remodeled with new cabinets, countertop, tiled flooring, and stoves. Bathrooms have all new fixtures, tiles flooring, and tiles shower with new glass doors. Each unit has own laundry hookups, electrical meter, gas meter, and water meter. This property is located just minutes away from Calstate Long Beach, Circle Area, and the Beach.

Last Agent to Sell the Property

Kammie Nguyen

Advance Estate Realty License #01901405 Listed on: 09/13/2017

Last Buyer's Agent

Roy Kwak

Compass License #01815269

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941 | Remodeled

Lot Details

  • 6,751 Sq Ft Lot
  • Lot Dimensions are 50 x 135
  • No Common Walls
  • Wood Fence
  • Chain Link Fence
  • Rectangular Lot
  • Level Lot
  • Front Yard

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,028 Sq Ft Home
  • Wood Frame Window
  • Window Screens
  • Living Room
  • Neighborhood Views

Kitchen

  • Gas Cooktop
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Termite Clearance

Parking

  • No Driveway
  • On-Street Parking

Outdoor Features

  • Exterior Lighting
  • Shed

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 7
  • Assessor Parcel Number 7262016005

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $800
  • Operating Expense $800
  • Gross Income $26,836
  • Net Operating Income $26,836

Property Details

Home Type

Multi-Family

Year Built

Built in 1941 | Remodeled

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Temple Tr
  • View: Yes
  • Zoning: LBR2N
  • Architectural Style: Traditional
  • Property Condition: Termite Clearance, Updated/Remodeled
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7262016005
  • Year Built: 1941
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters, Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 491.25
  • Room Type: All Bedrooms Down, Kitchen, Living Room
  • Window Features: Screens, Wood Frames

Exterior Features

  • Foundation: Slab
  • Other Structures: Shed(s)
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Wood Siding

Garage/Parking

  • Parking Features: No Driveway, Street

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Forced Air
  • Laundry Features: Gas Dryer Hookup, Outside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999, Rectangular Lot, Level
  • Lot Size: 50 x 135
  • Lot Size Sq Ft: 6751.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 428 Square Feet
  • Average2 Bed Area: 600 Square Feet
  • Gross Income: 26836.00
  • Gross Scheduled Income: 28200.00
  • Insurance Expense: 800.00
  • Net Operating Income: 26836.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 800.00
  • Rent Control: No
  • Total Actual Rent: 2350.00
  • Total Expenses: 800.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Census Tract: 5769.04
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2017
Closed on
Dec 3, 2017
Sold by
Vnus Investment Llc
Bought by
Boeger Andrew
Seller's Agent
Kammie Nguyen
Advance Estate Realty
Buyer's Agent
Roy Kwak
Compass
List Price
$529,900
Sold Price
$505,000
Premium/Discount to List
-$24,900
-4.7%
Current Estimated Value
$830,026

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$325,026
Avg. Annual Appreciation
6.34%
Original Mortgage
$495,853
Outstanding Balance
$415,397
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$414,629

Purchase Details

Listed on
Sep 13, 2017
Closed on
Oct 10, 2017
Sold by
Nguyen Hong Nhung T
Bought by
Vnus Investment Llc
Seller's Agent
Kammie Nguyen
Advance Estate Realty
Buyer's Agent
Roy Kwak
Compass
List Price
$529,900
Sold Price
$505,000
Premium/Discount to List
-$24,900
-4.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,853
Outstanding Balance
$415,397
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$414,629

Purchase Details

Listed on
Apr 14, 2015
Closed on
Sep 26, 2015
Sold by
Charney George A and The Ann I Charney Survivors Tr
Bought by
Nguyen Hong Nhung Thi
Seller's Agent
Tami Jo Simon
The Address, Inc.
Buyer's Agent
Tami Jo Simon
The Address, Inc.
List Price
$449,000
Sold Price
$300,000
Premium/Discount to List
-$149,000
-33.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.98%

Purchase Details

Closed on
Apr 27, 2011
Sold by
Charney Ann I and Charney George A
Bought by
Charney Ann I and Charney George A

Purchase Details

Closed on
Jul 23, 2009
Sold by
Charney Ann I and Charney George A
Bought by
Charney Ann I and Charney George A

Purchase Details

Closed on
Apr 18, 2005
Sold by
Charney George L and Charney Ann I
Bought by
Charney George L and Charney Ann I
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
Boeger Andrew -- Fidelity National Title
Vnus Investment Llc -- None Available
Vnus Investment Llc -- Accommodation
Nguyen Hong Nhung Thi $300,000 Title365 Company Inc
Charney Ann I -- None Available
Charney Ann I -- None Available
Charney George L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boeger Andrew $495,853
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/08/2017 12/08/17 Sold $505,000 -4.7% $491 / Sq Ft
10/19/2017 10/19/17 Pending -- -- --
09/13/2017 09/13/17 For Sale $529,900 +76.6% $515 / Sq Ft
10/06/2015 10/06/15 Sold $300,000 -33.2% $292 / Sq Ft View Prior Sale
10/01/2015 10/01/15 Pending -- -- --
04/14/2015 04/14/15 For Sale $449,000 -- $437 / 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 $7,352 $574,599 $398,238 $176,361
2024 $7,352 $563,333 $390,430 $172,903
2023 $7,227 $552,288 $382,775 $169,513
2022 $6,781 $541,460 $375,270 $166,190
2021 $6,647 $530,844 $367,912 $162,932
2020 $6,630 $525,402 $364,140 $161,262
2019 $6,552 $515,100 $357,000 $158,100
2018 $6,409 $505,000 $350,000 $155,000
2017 $4,037 $306,000 $229,500 $76,500
2016 $3,759 $300,000 $225,000 $75,000
2015 $745 $40,749 $24,455 $16,294
2014 $755 $39,951 $23,976 $15,975
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17211249

California Regional Multiple Listing Service (CRMLS)

APN: 7262-016-005