C
Seller's Agent in 2024
Costanza Genoese Zerbi
eXp Realty of Greater Los Angeles
(562) 221-4527
4 in this area
385 Total Sales
516 E 7th St Long Beach, CA 90813
East Village NeighborhoodEstimated Value: $652,000 - $697,000
3
Beds
2
Baths
1,221
Sq Ft
$554/Sq Ft
Est. Value
Highlights
- 0.05 Acre Lot
- Laundry Room
- 1-Story Property
- Long Beach Polytechnic High School Rated A
- Level Lot
About This Home
As of April 2024HUGE PRICE ADJUSTMENT: Both units are now rented! Wonderful move-in ready, income property, two units: 2/1 and 1/1. Both units just updated. Updates include: New electrical throughout the house, including the basement and everything up to 2023 code , the plumbing was separated for the two units and inspected and updated as needed, and a new gas, water and sewer line were added with city approval, 2 new tankless water heaters installed, new fire-rated walls between units through the attic and all the way up to the roof, new roof installed 10 years ago, front bathroom remodeled in 2023 and the back bathroom remodeled in 2013, new foundation in 2016 and fresh paint throughout. Located in the East Village neighborhood of Long Beach, close to coffee shops, trendy restaurants, public transportation, the 4th corridor, and the beach. Please note, street parking only (no garage)
Last Listed By
eXp Realty of Greater Los Angeles Brokerage Phone: 562-221-4527 License #01941438 Listed on: 11/16/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,199
Year Built
- Built in 1917
Lot Details
- 2,127 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Home Design
- Duplex
Interior Spaces
- 1,221 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Listing and Financial Details
- Tenant pays for all utilities, cable TV, electricity, exterior maintenance, grounds care, gas, pest control, sewer, telephone, trash collection
- Legal Lot and Block 6 / 45
- Assessor Parcel Number 7274018005
- $377 per year additional tax assessments
Community Details
Overview
- 2 Units
- Downtown Subdivision
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $745
- Trash Expense $500
- Water Sewer Expense $500
- Operating Expense $1,745
- Gross Income $45,480
- Net Operating Income $43,725
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 16, 2023
Closed on
Apr 17, 2024
Sold by
Gagliardi Massimo and Wallis Devon
Bought by
Patel Amit and Prasad Srishti
Seller's Agent
Costanza Genoese Zerbi
eXp Realty of Greater Los Angeles
Buyer's Agent
Samir Rai
Keystone Realty Group
List Price
$799,980
Sold Price
$640,000
Premium/Discount to List
-$159,980
-20%
Total Days on Market
133
Views
825
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,250
Avg. Annual Appreciation
5.66%
Original Mortgage
$500,000
Outstanding Balance
$479,064
Interest Rate
6.16%
Mortgage Type
Balloon
Estimated Equity
$197,186
Purchase Details
Closed on
Sep 25, 2013
Sold by
Gagliardi Massimo
Bought by
Gagliardi Massimo and Wallis Devon
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
4.46%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 23, 2012
Closed on
May 17, 2012
Sold by
Milian Blasa
Bought by
Gagliardi Massimo and Wallis Devon
Seller's Agent
Theresa Valencia Koch
Park Place Realty Group
Buyer's Agent
Edward Frish
ERA West Coast Real Estate
List Price
$174,900
Sold Price
$189,000
Premium/Discount to List
$14,100
8.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.38%
Original Mortgage
$185,576
Interest Rate
4.4%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 9, 2003
Sold by
Milian Blasa A
Bought by
Milian Blasa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 18, 2000
Sold by
Rangel Roberto
Bought by
Milian Blasa A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,000
Interest Rate
8.67%
Purchase Details
Closed on
Mar 22, 1996
Sold by
Rangel Roberto
Bought by
Rangel Roberto and Rangel Maria
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Patel Amit | $640,000 | Fidelity National Title | |
| Gagliardi Massimo | -- | Pacific Coast Title Company | |
| Gagliardi Massimo | $189,000 | Fatcola | |
| Milian Blasa | -- | First American Title Co | |
| Milian Blasa A | $134,000 | Chicago Title Co | |
| Rangel Roberto | -- | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Patel Amit | $500,000 | |
| Previous Owner | Gagliardi Massimo Alessandro | $288,000 | |
| Previous Owner | Gagliardi Massimo | $224,000 | |
| Previous Owner | Gagliardi Massimo | $183,254 | |
| Previous Owner | Gagliardi Massimo | $185,576 | |
| Previous Owner | Milian Blasa | $45,000 | |
| Previous Owner | Milian Blasa | $344,000 | |
| Previous Owner | Milian Blasa | $100,000 | |
| Previous Owner | Milian Blasa | $50,000 | |
| Previous Owner | Milian Blasa | $144,000 | |
| Previous Owner | Milian Blasa A | $134,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/24/2024 04/24/24 | Sold | $640,000 | -5.2% | $524 / Sq Ft |
| 03/19/2024 03/19/24 | Price Changed | $674,980 | 0.0% | $553 / Sq Ft |
| 03/16/2024 03/16/24 | Price Changed | $674,980 | -10.0% | $553 / Sq Ft |
| 02/09/2024 02/09/24 | Price Changed | $749,980 | -6.3% | $614 / Sq Ft |
| 11/16/2023 11/16/23 | For Sale | $799,980 | +323.3% | $655 / Sq Ft |
| 05/29/2012 05/29/12 | Sold | $189,000 | 0.0% | $155 / Sq Ft |
| 03/12/2012 03/12/12 | Price Changed | $189,000 | +14.6% | $155 / Sq Ft |
| 01/25/2012 01/25/12 | Price Changed | $164,900 | -5.7% | $135 / Sq Ft |
| 01/23/2012 01/23/12 | For Sale | $174,900 | -- | $143 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $3,199 | $232,728 | $160,079 | $72,649 |
| 2023 | $3,141 | $228,166 | $156,941 | $71,225 |
| 2022 | $2,954 | $223,693 | $153,864 | $69,829 |
| 2021 | $2,851 | $219,308 | $150,848 | $68,460 |
| 2019 | $2,808 | $212,806 | $146,375 | $66,431 |
| 2018 | $2,700 | $208,634 | $143,505 | $65,129 |
| 2016 | $2,479 | $200,534 | $137,934 | $62,600 |
| 2015 | $2,382 | $197,523 | $135,863 | $61,660 |
| 2014 | $2,369 | $193,655 | $133,202 | $60,453 |
Source: Public Records
Agents Affiliated with this Home
-
Costanza Genoese Zerbi
-
Samir Rai
Buyer's Agent in 2024
Samir Rai
Keystone Realty Group
(909) 994-9090
1 in this area
75 Total Sales
-
T
Seller's Agent in 2012
Theresa Valencia Koch
Park Place Realty Group
-
Edward Frish
E
Buyer's Agent in 2012
Edward Frish
ERA West Coast Real Estate
(323) 462-7436
Map
Similar Homes in Long Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23210806
APN: 7274-018-005
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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