NOT LISTED FOR SALE

1050 E 71st Way Long Beach, CA 90805

Hamilton Neighborhood

Estimated Value: $826,000 - $876,961

4 Beds
2 Baths
-- Sq Ft
9,241 Sq Ft Lot

Last Sold May 21, 2021

Last sale price $695,000

Est. 23% increase in value since last sale

Current estimated payment $5,539/month

65 Days on Market

About This Home

As of May 2021

Great opportunity to own income property in North Long Beach! Property consists of 2 detached homes, each consisting of 2 bedrooms & 1 bath w/ separate garages. Situated on a large 9,241 SF lot, this property offers spacious outdoor areas and generous set-backs from neighboring properties. Both units are currently occupied with long term tenants on Month-To-Month leases. Located within close proximity to the 91, 710 and 105 freeways, with easy access to retail and schools.

Last Agent to Sell the Property

Brendan McKee

McKee Properties License #01882732 Listed on: 03/02/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,630

Year Built

  • Built in 1963

Lot Details

  • 9,241 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 7101-032-003

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Long Beach Community

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,630

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Cross Street: Orange Ave
  • Neighborhood: North Long Beach
  • Stories: 1 Story
  • Sale Price List Price: 0.97
  • Total Stories: 1
  • Year Built: 1963
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: No
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: Long Beach
  • Pets Allowed: Yes

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 7101-032-003
  • Estimated Lot Dimensions: 66x140
  • Estimated Lot Sq Ft: 9241

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Gross Rent Multiplier Actual: 18.61
  • Gross Sched Income Actual: 38400
  • Number Of Buildings: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2021
Closed on
Apr 29, 2021
Sold by
Monroe Frances K
Bought by
Wu Janice
Seller's Agent
Brendan McKee
McKee Properties
List Price
$715,000
Sold Price
$695,000
Premium/Discount to List
-$20,000
-2.8%
Current Estimated Value
$857,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,490
Avg. Annual Appreciation
5.43%
Original Mortgage
$590,750
Outstanding Balance
$543,262
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$322,742

Purchase Details

Closed on
Sep 6, 2001
Sold by
Monroe Frances K
Bought by
Monroe Frances K and Frances K Monroe Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wu Janice $695,000 Fidelity Natl Ttl San Diego
Monroe Frances K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wu Janice $590,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $695,000 -2.8% --
05/07/2021 05/07/21 Pending -- -- --
03/02/2021 03/02/21 For Sale $715,000 -- --
Source: San Diego MLS

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
2024 $9,630 $737,538 $525,297 $212,241
2023 $9,475 $723,078 $514,998 $208,080
2022 $8,905 $708,900 $504,900 $204,000
2021 $2,800 $189,695 $85,311 $104,384
2020 $2,792 $187,751 $84,437 $103,314
2019 $2,761 $184,071 $82,782 $101,289
2018 $2,551 $180,462 $81,159 $99,303
2016 $2,342 $173,456 $78,008 $95,448
2015 $2,252 $170,852 $76,837 $94,015
2014 $2,247 $167,506 $75,332 $92,174
Source: Public Records

Agents Affiliated with this Home

  • Brendan McKee

    Seller's Agent in 2021

    Brendan McKee

    McKee Properties

    (619) 642-2711

    1 in this area

    15 Total Sales

    Brendan McKee
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Map

Source: San Diego MLS

MLS Number: 210005368

San Diego MLS

APN: 7101-032-003

California Los Angeles County Long Beach 90805 Hamilton

1050 E 71st Way, Long Beach, CA

This home is located at 1050 E 71st Way, Long Beach, CA 90805 since 02 March 2021 and is currently estimated at $857,490. This property was built in 1963. 1050 E 71st Way is a home located in Los Angeles County with nearby schools including Grant Elementary School, Hamilton Middle School, and Jordan High School.

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