NOT LISTED FOR SALE

1144 E 70th Way Long Beach, CA 90805

Hamilton Neighborhood

Estimated Value: $671,081 - $755,000

2 Beds
2 Baths
1,128 Sq Ft
$635/Sq Ft Est. Value

Last Sold August 09, 2016

Last sale price $405,000 $359 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $4,483/month

82 Days on Market

About This Home

As of August 2016

Stop PAYING rent. Own, collect rent and build equity. ***
Lovely block with well-maintained homes- see the virtual tour. Great Investment Duplex. Each unit has a 1 bedroom, 1 bathroom, & a large private yard. 4 Car garage + additional parking (3 spaces in front of garages, and 2 more cars can fit in the side yard (using the east gate)
Potential for upside in rents. Big yard -possible sq. footage addition (2nd bedrooms) candidate. Tenants are on M2M rent. New owner has all the options. DO NOT disturb tenants. 5.8% cap on market pro-forma rents.

Last Agent to Sell the Property

Vlad Rodov

West Shores Realty, Inc. License #01717119 Listed on: 05/14/2016

West Shores Realty, Inc.

Last Buyer's Agent

Edith Villa

Century 21 Realty Masters License #01303864

Century 21 Realty Masters

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,164

Year Built

  • Built in 1947

Lot Details

  • 6,005 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls

Parking

  • 4 Car Garage

Interior Spaces

  • 1,128 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 14696
  • Assessor Parcel Number 7101036009

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $25
  • Insurance Expense $400
  • Water Sewer Expense $600
  • New Taxes Expense $4,800
  • Gross Income $2,000
  • Net Operating Income $18,175

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,164

Year Built

Built in 1947

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.80
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 600.00
  • Property Type: Residential Income
  • Gardener Expense: 25.00
  • Parcel Number: 7101036009
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 359.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 18.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6005.00
  • Price Per Lot Square Foot: 67.44

Multi Family

  • Gross Income: 2000.00
  • Gross Multiplier: 13.72
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 400.00
  • Net Operating Income: 18175.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 5800.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 4800.00
  • Tax Lot: 22
  • Tax Tract Number: 14696

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2016
Closed on
Jun 23, 2016
Sold by
Barrett Tyler
Bought by
Rosales Edgar and Rosales Jorge J
Seller's Agent
Vlad Rodov
West Shores Realty, Inc.
Buyer's Agent
Edith Villa
Century 21 Realty Masters
List Price
$395,000
Sold Price
$405,000
Premium/Discount to List
$10,000
2.53%
Current Estimated Value
$716,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$311,520
Avg. Annual Appreciation
6.58%
Original Mortgage
$329,670
Interest Rate
3.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 14, 2014
Closed on
Apr 22, 2014
Sold by
Cyriacke Ruth E
Bought by
Barrett Tyler and Rivera Rodney Paul
Seller's Agent
Maria Marshall
The Westwood Real Estate Group
Buyer's Agent
Rebekah Benavidez
Keller Williams Coastal Prop.
List Price
$289,000
Sold Price
$305,000
Premium/Discount to List
$16,000
5.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.03%
Original Mortgage
$244,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2011
Sold by
Cyriacks Ruth E and The Donald A & Ruth E Cyriacks
Bought by
Cyriacks Ruth E and The Donald A & Ruth E Cyriacks Revocable
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
Rosales Edgar $405,000 Chicago Title Company
Barrett Tyler $305,000 Ortc
Cyriacks Ruth E -- None Available
Cyriacks Ruth E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rosales Ed $315,000
Open Rosales Edgar $500,000
Previous Owner Rosales Edgar $329,670
Previous Owner Barrett Tyler $244,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2016 08/09/16 Sold $405,000 +2.5% $359 / Sq Ft
06/20/2016 06/20/16 Pending -- -- --
03/30/2016 03/30/16 For Sale $395,000 +29.5% $350 / Sq Ft
06/13/2014 06/13/14 Sold $305,000 +5.5% $270 / Sq Ft
04/18/2014 04/18/14 Pending -- -- --
04/04/2014 04/04/14 For Sale $289,000 -- $256 / 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 $6,164 $460,815 $233,252 $227,563
2023 $6,066 $451,780 $228,679 $223,101
2022 $5,705 $442,923 $224,196 $218,727
2021 $5,597 $434,239 $219,800 $214,439
2019 $5,517 $421,362 $213,282 $208,080
2018 $5,307 $413,100 $209,100 $204,000
2016 $3,945 $315,836 $186,395 $129,441
2015 $3,787 $311,093 $183,596 $127,497
2014 $725 $37,553 $17,177 $20,376
Source: Public Records

Agents Affiliated with this Home

  • Vlad Rodov

    Seller's Agent in 2016

    Vlad Rodov

    West Shores Realty, Inc.

    (310) 720-3677

    23 Total Sales

    Vlad Rodov
    Section Image
  • Edith Villa

    Buyer's Agent in 2016

    Edith Villa

    Century 21 Realty Masters

    (323) 707-2413

    107 Total Sales

    Edith Villa
    Section Image
  • Maria Marshall

    Seller's Agent in 2014

    Maria Marshall

    The Westwood Real Estate Group

    (714) 305-4663

    44 Total Sales

    Maria Marshall
    Section Image

  • R

    Buyer's Agent in 2014

    Rebekah Benavidez

    Keller Williams Coastal Prop.

    (562) 216-1000

    14 Total Sales

    Rebekah Benavidez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16066444

California Regional Multiple Listing Service (CRMLS)

APN: 7101-036-009

California Los Angeles County Long Beach 90805 Hamilton

1144 E 70th Way, Long Beach, CA

This home is located at 1144 E 70th Way, Long Beach, CA 90805 since 14 May 2016 and is currently estimated at $716,520, approximately $635 per square foot. This property was built in 1947. 1144 E 70th Way is a home located in Los Angeles County with nearby schools including Grant Elementary School, Hamilton Middle School, 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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