NOT LISTED FOR SALE

1060 E 60th St Long Beach, CA 90805

Houghton Park Neighborhood

Estimated Value: $977,000 - $1,304,000

8 Beds
5 Baths
3,261 Sq Ft
$358/Sq Ft Est. Value

Last Sold March 24, 2016

Last sale price $740,000 $227 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $7,583/month

117 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • 4 Car Garage
  • Private Yard

About This Home

As of March 2016

BACK ON THE MARKET DUE TO BUYER FINANCING ISSUES! Great opportunity to own 4 units in North Long Beach! Buy as an investment or live in one and use rental income to offset mortgage. All units are 100% tenant occupied. Front building features two units. One unit has 3 bedrooms, 2 baths, approx 1,534 sq. ft. (Front). Perfect for Owner or Manager's unit. Second unit features 2 bedrooms, 1 bath, approx 748 sq. ft. (Adjacent to front unit). Rear building features two units. One unit is 2 bedrooms, 1 bath, approx 616 sq. ft and second unit is a studio apartment, approx. 360 sq. ft. ALL units have single car garages and laundry hook-ups. Front building has 2 year old roof. Rear building had NEW roof installed in August 2015. NEWER water heaters in all units. Studio completely remodeled in 2015 with ceramic floor throughout, NEW dual pane, vinyl energy efficiency Anlin windows; New lower kitchen cabinets & granite counter top; New bathroom vanity, toilet, plumbing for shower. New drywall and paint. Front 3 bedroom unit had NEW electrical panel and some rewiring completed approximately 2 years ago. Rents are conservative and can be increased. NO RENT CONTROL! Conveniently located near shopping, transportation & freeways! SELLER MOTIVATED!

Last Agent to Sell the Property

David DeLaTorre

David DeLaTorre Broker License #01226552 Listed on: 10/28/2015

Last Buyer's Agent

David DeLaTorre

David DeLaTorre Broker License #01226552 Listed on: 10/28/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,653

Year Built

  • Built in 1957

Lot Details

  • 9,375 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Private Yard

Parking

  • 4 Car Garage
  • On-Street Parking

Home Design

  • 3,261 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1.2
  • Tax Tract Number 6521
  • Assessor Parcel Number 7124022001

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $780
  • Insurance Expense $1,800
  • Water Sewer Expense $2,580
  • New Taxes Expense $9,999
  • Gross Income $4,700
  • Net Operating Income $42,996

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,653

Year Built

Built in 1957

Lot Details

0

Parking

4

Listing Details

  • Other Phone Description: 562.889.4710
  • Other Phone Number: 562.889.4710
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 2580.00
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 7124022001
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 226.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking Features: Garage, Street
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Lot Features: Corner Lot, Yard
  • Lot Size Sq Ft: 9375.00
  • Price Per Lot Square Foot: 78.93
  • Lot Size Acres: 0.2150

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 616
  • Average2 Bed Area: 748
  • Average3 Bed Area: 1534
  • Average Studio Area: 360
  • Gross Income: 4700.00
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 9375.0000 Square Feet
  • Net Operating Income: 42996.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 13404.00
  • Rent Control: No
  • Total Actual Rent: 4700.00

Tax Info

  • New Taxes Expense: 9999.00
  • Tax Lot: 1.2
  • Tax Tract Number: 6521

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2020
Sold by
Te Seanlong and Lim Polen
Bought by
T & L Investments Llc
Current Estimated Value
$1,207,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,500
Outstanding Balance
$453,009
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$713,658

Purchase Details

Closed on
Dec 11, 2020
Sold by
T & L Investment Llc
Bought by
Te Seanglong and Lim Polen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,500
Outstanding Balance
$453,009
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$713,658

Purchase Details

Listed on
Oct 28, 2015
Closed on
May 5, 2016
Sold by
Polen Te Seanglong and Polen Lim
Bought by
T & L Investment Llc
Seller's Agent
David DeLaTorre
David DeLaTorre Broker
Buyer's Agent
David DeLaTorre
David DeLaTorre Broker
List Price
$799,900
Sold Price
$740,000
Premium/Discount to List
-$59,900
-7.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.97%

Purchase Details

Listed on
Oct 28, 2015
Closed on
Apr 29, 2016
Sold by
Polen Sole Seanglon Te and Polen Lim
Bought by
Polen Te Seanglong and Polen Lim
Seller's Agent
David DeLaTorre
David DeLaTorre Broker
Buyer's Agent
David DeLaTorre
David DeLaTorre Broker
List Price
$799,900
Sold Price
$740,000
Premium/Discount to List
-$59,900
-7.49%

Purchase Details

Closed on
Jul 31, 2013
Sold by
Nsf Llc
Bought by
Sutton Kenneth and The Kenneth Sutton Revocable T

Purchase Details

Closed on
Feb 7, 2013
Sold by
Sutton Kenneth
Bought by
Nsf Llc

Purchase Details

Closed on
Aug 11, 2011
Sold by
D Loans Inc
Bought by
Sutton Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,240
Interest Rate
4.53%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 23, 2006
Sold by
Dela Torre David
Bought by
Dloans Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 5, 2004
Sold by
Hernandez Marciano and Cervantes Alma
Bought by
Delatorre David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,800
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 24, 2003
Sold by
Hernandez Raul and Hernandez Maria Lourdes
Bought by
Hernandez Marciano and Cervantes Alma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 1998
Sold by
Stovall Properties Inc
Bought by
Hernandez Marciano and Hernandez Raul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,709
Interest Rate
7.01%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 2, 1998
Sold by
Federal National Mortgage Association
Bought by
Stovall Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,900
Interest Rate
7.15%

Purchase Details

Closed on
Mar 20, 1998
Sold by
Midfirst Bank
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,900
Interest Rate
7.15%

Purchase Details

Closed on
Jan 22, 1998
Sold by
Olson Richard W and Olson Susan E
Bought by
Midfirst Bank and Midfirst Bank State Svgs Bank
Source: Public Records

Range of Values:

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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
T & L Investments Llc -- Accommodation
Te Seanglong -- First American Title Company
T & L Investment Llc -- None Available
Polen Te Seanglong -- None Available
Sutton Kenneth -- Accommodation
Nsf Llc -- Accommodation
Sutton Kenneth $385,000 Calcounties Title Nation
Dloans Inc -- Accommodation
Delatorre David $574,000 Chicago Title Company
Hernandez Marciano -- Chicago
Hernandez Marciano $300,000 United Title Company
Stovall Properties Inc $165,000 --
Federal National Mortgage Association -- Stewart Title
Midfirst Bank $170,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Te Seanglong $506,500
Previous Owner Sutton Kenneth $374,934
Previous Owner Sutton Kenneth $375,240
Previous Owner Dela Torre David $650,000
Previous Owner Dela Torre David $93,400
Previous Owner Dela Torre David $131,500
Previous Owner Dela Torre David $530,000
Previous Owner Delatorre David $401,800
Previous Owner Hernandez Marciano $281,000
Previous Owner Hernandez Marciano $286,709
Previous Owner Stovall Properties Inc $164,900
Closed Delatorre David $114,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2016 03/24/16 Sold $740,000 -7.5% $227 / Sq Ft
02/22/2016 02/22/16 Pending -- -- --
10/28/2015 10/28/15 For Sale $799,900 -- $245 / 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 $11,653 $876,003 $337,378 $538,625
2024 $11,653 $858,827 $330,763 $528,064
2023 $11,457 $841,988 $324,278 $517,710
2022 $10,771 $825,479 $317,920 $507,559
2021 $10,548 $809,294 $311,687 $497,607
2020 $10,521 $801,237 $308,492 $492,745
2019 $10,400 $785,533 $302,444 $483,089
2018 $10,001 $770,136 $296,514 $473,622
2016 $7,109 $559,187 $207,106 $352,081
2015 $6,832 $550,789 $203,996 $346,793
2014 $6,802 $540,000 $200,000 $340,000
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    David DeLaTorre

    David DeLaTorre Broker

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS15235168

California Regional Multiple Listing Service (CRMLS)

APN: 7124-022-001

California Los Angeles County Long Beach 90805 Houghton Park

1060 E 60th St, Long Beach, CA

This home is located at 1060 E 60th St, Long Beach, CA 90805 since 28 October 2015 and is currently estimated at $1,166,667, approximately $357 per square foot. This property was built in 1957. 1060 E 60th St is a home located in Los Angeles County with nearby schools including Bret Harte Elementary School, Lindbergh STEM Academy, and Jordan High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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