NOT LISTED FOR SALE

1061 E Market St Unit 2 Long Beach, CA 90805

Lindbergh Neighborhood

Estimated Value: $689,000 - $847,647

3 Beds
3 Baths
1,779 Sq Ft
$443/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $667,500 $375 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,936/month

80 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Spanish Architecture
  • Laundry Room
  • Wood Flooring
  • Neighborhood Views
  • Central Heating and Cooling System

About This Home

As of April 2023

Opportunity!!! Opportunity!!! Just reduced the Price. This is an excellent value for this 3-bedroom, 2-bath home and this property has an extra unit as a bonus. The home has a double car garage and the apartment unit is above the garage. Please show and see all the potential in this great property. The apartment over the garage is a fixer. There is a workshop area behind the house. Please call listing agent for further details on this property. The duplex is zone CNR.

Last Agent to Sell the Property

Kristie Pabst

Pabst, Kinney & Associates License #00804122 Listed on: 01/06/2023

Last Buyer's Agent

Marc Habib

Buckingham Investments, Inc License #02207264

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,051

Year Built

  • Built in 1932

Lot Details

  • 4,081 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Open Parking Spaces
  • 1 Car Garage
  • Parking Available
  • Private Parking
  • Single Garage Door
  • Driveway

Home Design

  • Duplex
  • Spanish Architecture
  • Fixer Upper
  • Flat Roof Shape
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,779 Sq Ft Home
  • Neighborhood Views

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Garage
  • Natural Gas Connected
  • Water Heater
  • Sewer Paid

Listing and Financial Details

  • Legal Lot and Block 16 / 6
  • Tax Tract Number 6230
  • Assessor Parcel Number 7127015033

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • North Long Beach Subdivision

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $13,200
  • Net Operating Income $13,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,051

Year Built

Built in 1932

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Price Per Unit: 337500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: North Long Beach (NLB)
  • View: Yes
  • Zoning: LBCNR
  • Architectural Style: Spanish
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7127015033
  • Year Built: 1932
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Wood
  • Accessibility Features: See Remarks
  • Appliances: Yes
  • Price Per Square Foot: 375.21
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Neighborhood
  • Pool Private: No
  • Roof: Flat, Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Paved, Garage - Single Door, Private
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Microwave, Refrigerator, Water Heater
  • Electric: 220 Volts in Garage
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 4081.00
  • Lot Size Acres: 0.0937

Multi Family

  • Gross Income: 13200.00
  • Gross Scheduled Income: 13200.00
  • Lot Size Area: 4081.0000 Square Feet
  • Net Operating Income: 13200.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 1
  • Number With Disposal: 1
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Rent Control: Yes

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 5706.01
  • Tax Lot: 16
  • Tax Tract Number: 6230

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2023
Closed on
Mar 31, 2023
Sold by
Mark And Florence Bornstein Family Trust
Bought by
Eskander Peter and Eskander Eiriny
Seller's Agent
Kristie Pabst
Pabst, Kinney & Associates
Buyer's Agent
Marc Habib
Buckingham Investments, Inc
List Price
$699,500
Sold Price
$667,500
Premium/Discount to List
-$32,000
-4.57%
Total Days on Market
80
Views
660
Current Estimated Value
$787,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,412
Avg. Annual Appreciation
9.79%
Original Mortgage
$500,625
Outstanding Balance
$489,271
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$322,933

Purchase Details

Closed on
Sep 6, 2019
Sold by
Bornstein Mark O and Bornstein Florence I
Bought by
Bornstein Mark O and Bornstein Florence I

Purchase Details

Closed on
Aug 17, 2011
Sold by
Bornstein Mark Owen and Bornstein Florence Ileen
Bought by
Bornstein Mark Owen and Bornstein Florence Ileen

Purchase Details

Closed on
Jan 21, 1999
Sold by
Bornstein Mark O
Bought by
Bornstein Mark O and Bornstein Florence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,500
Interest Rate
6.63%
Source: Public Records

Similar Homes in Long Beach, CA

  • 1430 E Michelson St, Long Beach, CA 90805

    $899,900

    • 5 Beds
    • 3 Baths
    • 1,360 Sq Ft
    • 1430 E Michelson St
    • Long Beach, CA

    Back on the market! 1430 E Michelson Street...a charming "duplex" serenely tucked away on a lovely tree lined street in North Long Beach. The front home is 2 bedrooms and 1 Bathroom...extensively renovated in the last 3 years, including central AC, new dual paned windows, recessed lighting, ceiling fans, new flooring, crown moldings, open concept gourmet kitchen with stainless steel appliances,

    Johanne Joly Century 21 On Target

    Section Image
  • 5886 Myrtle Ave, Long Beach, CA 90805

    $815,000

    • 3 Beds
    • 2 Baths
    • 1,535 Sq Ft
    • 5886 Myrtle Ave
    • Long Beach, CA

    We are pleased to present a rare and exceptional opportunity to own a fully remodeled duplex in the heart of Long Beach, ideally located just minutes from the ocean. This beautifully updated property offers both comfort and versatility, making it well-suited for owner-occupants, investors, or multigenerational living arrangements.Front Unit (2 Bedrooms / 1 Bathroom): The front unit has undergone

    Kristal Parseghian Century 21 On Target

    Section Image
  • 309 E Louise St, Long Beach, CA 90805

    $779,000

    • 4 Beds
    • 4 Baths
    • 2,562 Sq Ft
    • 309 E Louise St
    • Long Beach, CA

    Attention Buyers! Best-priced fourplex in the city of Long Beach! Each unit features one bedroom, one bathroom, a spacious living room, a cozy kitchen, and access to a large lot with a long driveway. One unit has been recently remodeled. The property also includes a detached garage.Centrally located in North Long Beach, it's close to Adams Elementary School, shopping centers, parks, and

    Katherine Candelaria KC Realty Group

    Section Image
  • 325 E 59th St, Long Beach, CA 90805

    $800,000

    • 4 Beds
    • 2 Baths
    • 1,340 Sq Ft
    • 325 E 59th St
    • Long Beach, CA

    This versatile duplex in the heart of Long Beach offers an excellent opportunity for investors. Each unit features 2 spacious bedrooms and 1 full bathroom, along with individual 1-car garages, they each have private washer/dryer hookups, providing privacy and independence for each household. Recent upgrades include updated plumbing within the last 5 years and a brand-new water heater installed in

    Alberto Sanchez Century 21 A Better Service

    Section Image
  • 421 E 60th St, Long Beach, CA 90805

    $759,000

    • 4 Beds
    • 2 Baths
    • 1,700 Sq Ft
    • 421 E 60th St
    • Long Beach, CA

    Charming Long Beach Duplex with Income Potential on a Spacious Lot!Welcome to 421 E 60th St, a well-maintained duplex tucked in the vibrant heart of Long Beach. Situated on a generous lot just under 6,000 sq ft, this property offers the perfect blend of comfort, opportunity, and location—ideal for both investors and owner-occupants.Each unit features a bright and inviting 2-bedroom, 1-bath

    Alex Morales ROA California Inc

    Section Image
  • 195 E Hullett St, Long Beach, CA 90805

    $975,000

    • 6 Beds
    • 3 Baths
    • 2,290 Sq Ft
    • 195 E Hullett St
    • Long Beach, CA

    Great Investment Opportunity in North Long Beach.Presenting a fantastic opportunity! This tri-plex features three 2-bedroom, 1-bathroom units, each offering solid rental potential. These units provide a great foundation for investors looking to add value and increase rental income.-Property Features:Three 2-bedroom, 1-bathroom units.Three separate garages for tenants or also could be converted

    Mary Robles Pak Home Realty

    Section Image
  • 482 E Smith St, Long Beach, CA 90805

    $617,000

    • 4 Beds
    • 4 Baths
    • 1,743 Sq Ft
    • 482 E Smith St
    • Long Beach, CA

    The property is being sold AS-IS in its present condition. The sellers are not doing any repairs or upgrades. There will be NO warranties or guarantees. This is a probate sale and does require court confirmation. Buyer to perform own inspections with due diligence to verify all matters pertaining to the property, INCLUDING CONDITION.

    Annette Nelson Realty One Group Success

    Section Image
  • 5959 Cherry Ave, Long Beach, CA 90805

    $825,000

    • 4 Beds
    • 3 Baths
    • 2,463 Sq Ft
    • 5959 Cherry Ave
    • Long Beach, CA

    Great opportunity to own a mixed use property. Both residential units are occupied and not on leases.Commercial unit is vacant.Formally built out as dispensary.Nearly ready to go, a plug and play dispensary. Perfect for a social equity applicant.

    Timothy Lewis Elliot Lewis, Broker

    Section Image
  • 183 E Pleasant St, Long Beach, CA 90805

    $655,000

    • 2 Beds
    • 2 Baths
    • 988 Sq Ft
    • 183 E Pleasant St
    • Long Beach, CA

    Welcome to the beautiful City of Long Beach, This is an amazing opportunity to own a duplex live in one and rent the other. One unit will be delivered un occupied at close! Perfect starter or addition to your portfolio, only 2 blocks North of Bixby Knolls. Two 1 bed, 1 bath units, with updated kitchen that have granite counter tops. Duplex has a 2 car attached garage and an onsite laundry room

    Wendy Tejeda Century 21 Allstars

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Eskander Peter $667,500 Fidelity National Title
Bornstein Mark O -- None Available
Bornstein Florence I -- None Available
Bornstein Mark Owen -- None Available
Bornstein Mark O -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eskander Peter $500,625
Previous Owner Bornstein Mark O $113,500
Previous Owner Bornstein Mark O $114,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $667,500 -1.1% $375 / Sq Ft
03/27/2023 03/27/23 Pending -- -- --
02/24/2023 02/24/23 Price Changed $675,000 -3.5% $379 / Sq Ft
01/06/2023 01/06/23 For Sale $699,500 -- $393 / 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
2024 $9,051 $680,850 $306,000 $374,850
2023 $3,490 $242,298 $106,853 $135,445
2022 $3,287 $237,548 $104,758 $132,790
2021 $3,212 $232,891 $102,704 $130,187
2020 $3,203 $230,504 $101,651 $128,853
2019 $3,167 $225,985 $99,658 $126,327
2018 $3,018 $221,554 $97,704 $123,850
2016 $2,771 $212,953 $93,911 $119,042
2015 $2,665 $209,755 $92,501 $117,254
2014 $2,657 $205,648 $90,690 $114,958
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23000762

California Regional Multiple Listing Service (CRMLS)

APN: 7127-015-033