NOT LISTED FOR SALE

1019 E 70th Way Long Beach, CA 90805

Hamilton Neighborhood

Estimated Value: $804,000 - $986,000

5 Beds
2 Baths
1,640 Sq Ft
$548/Sq Ft Est. Value

Last Sold June 23, 2020

Last sale price $660,000 $402 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $5,452/month

91 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Back and Front Yard

About This Home

As of June 2020

Great opportunity to maximize your investment!! Large lot with detached garage allows you to maximize your rents with over sized parking capability. Roof is in good condition with dual pane windows. Both units have been upgraded within the last 5 years with long term tenants and great rent history.

Last Agent to Sell the Property

David Rios

Capital Property Brokers License #01797545 Listed on: 02/14/2020

Capital Property Brokers

Last Buyer's Agent

David Rios

Capital Property Brokers License #01797545 Listed on: 02/14/2020

Capital Property Brokers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 9,223 Sq Ft Lot
  • No Common Walls
  • Sprinkler System
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • 1,640 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 7101033018

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,000
  • New Taxes Expense $1,179
  • Operating Expense $2,179
  • Gross Income $38,400
  • Net Operating Income $36,221

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Property Type: Residential Income
  • Parcel Number: 7101033018
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 402.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Sprinkler System, Walkstreet
  • Lot Size Sq Ft: 9223.00
  • Lot Size Acres: 0.2117

Multi Family

  • Gross Income: 38400.00
  • Gross Scheduled Income: 3200.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 9223.0000 Square Feet
  • Net Operating Income: 36221.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 2179.00
  • Rent Control: Yes
  • Total Expenses: 2179.00

Tax Info

  • New Taxes Expense: 1179.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2020
Closed on
Jun 15, 2020
Sold by
Taing Lay and Taing Lean Hu
Bought by
Taing Lay and Taing Lean Hu
Seller's Agent
David Rios
Capital Property Brokers
Buyer's Agent
David Rios
Capital Property Brokers
List Price
$650,000
Sold Price
$660,000
Premium/Discount to List
$10,000
1.54%
Current Estimated Value
$898,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,349
Avg. Annual Appreciation
5.66%
Original Mortgage
$495,000
Outstanding Balance
$438,780
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$459,569

Purchase Details

Listed on
Feb 14, 2020
Closed on
May 27, 2020
Sold by
Gialamas Carolyn and Lester Joseph Ver Hagen Living
Bought by
Taing Lay and Taing Lean Hu
Seller's Agent
David Rios
Capital Property Brokers
Buyer's Agent
David Rios
Capital Property Brokers
List Price
$650,000
Sold Price
$660,000
Premium/Discount to List
$10,000
1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Outstanding Balance
$438,780
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$459,569
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
Taing Lay -- Accommodation
Taing Lay $660,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taing Lay $495,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2020 06/23/20 Sold $660,000 +1.5% $402 / Sq Ft
05/15/2020 05/15/20 Pending -- -- --
05/08/2020 05/08/20 For Sale $650,000 0.0% $396 / Sq Ft
02/26/2020 02/26/20 Pending -- -- --
02/14/2020 02/14/20 For Sale $650,000 -- $396 / 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 $9,445 $721,801 $459,329 $262,472
2024 $9,445 $707,649 $450,323 $257,326
2023 $9,294 $693,775 $441,494 $252,281
2022 $8,741 $680,173 $432,838 $247,335
2021 $8,467 $666,837 $424,351 $242,486
2020 $1,192 $55,752 $23,053 $32,699
2019 $1,179 $54,659 $22,601 $32,058
2018 $1,011 $53,588 $22,158 $31,430
2016 $925 $51,509 $21,299 $30,210
2015 $895 $50,737 $20,980 $29,757
2014 $902 $49,745 $20,570 $29,175
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    David Rios

    Capital Property Brokers

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20034760

California Regional Multiple Listing Service (CRMLS)

APN: 7101-033-018

California Los Angeles County Long Beach 90805 Hamilton

1019 E 70th Way, Long Beach, CA

Not Listed for Sale

MultiFamily

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