Seller's Agent in 2020
RACHAEL Lopez
The Westwood Real Estate Group
(562) 754-3402
20 Total Sales
1060 E 71st Way Long Beach, CA 90805
Hamilton NeighborhoodEstimated Value: $916,000 - $1,100,000
6
Beds
4
Baths
2,431
Sq Ft
$412/Sq Ft
Est. Value
Highlights
- 2 Car Direct Access Garage
- Landscaped
- Back and Front Yard
- Laundry Room
- Wall Furnace
About This Home
As of July 2020Property SOLD AS IS.
*GREAT INCOME PROPERTY* with so much potential!
Front house is currently TENANT OCCUPIED and features 2 bedrooms, 1 bathroom, attached single car garage, front yard and back patio.
The back house features 4 good size bedrooms with ample closet space, 3 bathrooms, bonus room, private back yard and detached two-car garage. Just off of the open living room space is a cozy bonus room with fireplace and lots of natural lighting. Parking won't be an issue with the long, gated driveway large enough for extra cars or entertaining space.
The washer and dryer hookups are in each garage. Close proximity to the 91, 710 and 105 freeways, shopping centers and schools.
Last Agent to Sell the Property
The Westwood Real Estate Group License #01996004 Listed on: 04/10/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Lot Details
- 9,241 Sq Ft Lot
- No Common Walls
- Landscaped
- Front Yard Sprinklers
- Back and Front Yard
Parking
- 2 Car Direct Access Garage
- Parking Available
- Driveway
Home Design
- 2,431 Sq Ft Home
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Wall Furnace
Listing and Financial Details
- Legal Lot and Block 7 / 23
- Tax Tract Number 570202
- Assessor Parcel Number 7101032002
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- 1 Leased Unit
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Gardener Expense $1,200
- Insurance Expense $653
- Trash Expense $480
- Operating Expense $2,333
- Gross Income $24,000
- Net Operating Income $21,667
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 10, 2020
Closed on
Jun 8, 2020
Sold by
Busch Jutta and Busch Christopher A
Bought by
Payette Brandon and Thomas Sarah
Seller's Agent
RACHAEL Lopez
The Westwood Real Estate Group
Buyer's Agent
Eric Lem
Decorum Properties & Investments, Inc
List Price
$725,000
Sold Price
$730,000
Premium/Discount to List
$5,000
0.69%
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
$271,261
Avg. Annual Appreciation
5.94%
Original Mortgage
$620,500
Outstanding Balance
$548,990
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$452,271
Purchase Details
Closed on
Mar 9, 2016
Sold by
Busch Jutta and Jutta Busch Trust
Bought by
Jutta Busch Trust
Purchase Details
Closed on
Apr 16, 1998
Sold by
Busch Jutta
Bought by
Busch Jutta and Jutta Busch Trust
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 |
|---|---|---|---|
| Payette Brandon | $730,000 | Wfg National Title Company | |
| Jutta Busch Trust | -- | None Available | |
| Busch Jutta | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Payette Brandon | $620,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/08/2020 07/08/20 | Sold | $730,000 | +0.7% | $300 / Sq Ft |
| 06/07/2020 06/07/20 | Pending | -- | -- | -- |
| 06/05/2020 06/05/20 | For Sale | $725,000 | 0.0% | $298 / Sq Ft |
| 05/18/2020 05/18/20 | Pending | -- | -- | -- |
| 05/08/2020 05/08/20 | For Sale | $725,000 | 0.0% | $298 / Sq Ft |
| 04/25/2020 04/25/20 | Pending | -- | -- | -- |
| 04/10/2020 04/10/20 | For Sale | $725,000 | -- | $298 / 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 |
|---|---|---|---|---|
| 2025 | $10,338 | $790,174 | $465,445 | $324,729 |
| 2024 | $10,338 | $774,681 | $456,319 | $318,362 |
| 2023 | $10,174 | $759,492 | $447,372 | $312,120 |
| 2022 | $9,457 | $744,600 | $438,600 | $306,000 |
| 2021 | $9,274 | $730,000 | $430,000 | $300,000 |
| 2020 | $1,775 | $106,841 | $23,053 | $83,788 |
| 2019 | $1,755 | $104,747 | $22,601 | $82,146 |
| 2018 | $1,565 | $102,694 | $22,158 | $80,536 |
| 2016 | $1,424 | $98,708 | $21,299 | $77,409 |
| 2015 | $1,372 | $97,227 | $20,980 | $76,247 |
| 2014 | $1,374 | $95,324 | $20,570 | $74,754 |
Source: Public Records
Agents Affiliated with this Home
-
RACHAEL Lopez
-
Kathleen Lopez
K
Seller Co-Listing Agent in 2020
Kathleen Lopez
The Westwood Real Estate Group
(562) 961-1400
4 Total Sales
-
Eric Lem
Buyer's Agent in 2020
Eric Lem
Decorum Properties & Investments, Inc
(949) 533-8269
29 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20071419
APN: 7101-032-002
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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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