Seller's Agent in 2024
Juan Huizar
Sage Real Estate Group, Inc.
(562) 307-0838
1 in this area
95 Total Sales
1159 E 59th St Long Beach, CA 90805
Houghton Park NeighborhoodEstimated Value: $754,000 - $946,000
4
Beds
2
Baths
1,598
Sq Ft
$525/Sq Ft
Est. Value
Highlights
- No HOA
- 1 Car Garage
- Wall Furnace
- Laundry Room
- Chain Link Fence
- 1-Story Property
About This Home
As of October 2024We are proud to present 1159 E. 59th Street and 5900 Cerritos Avenue, a unique opportunity featuring two separate homes on one spacious corner lot. Each home is fully detached, offering private yards and dedicated parking. Both residences are two-bedroom, one-bath layouts, perfect for families or tenants.
The home at 5900 Cerritos Ave boasts a brand new roof, while the home at 1159 E. 59th will be delivered vacant, ready for immediate occupancy. This setup is ideal for those looking to live in one home and rent out the other home or for investors seeking a promising addition to their portfolio. The vacant home has been freshly painted inside and out, ensuring it is move-in ready.
Don’t miss this chance to own a versatile property with excellent investment potential.
Last Agent to Sell the Property
Sage Real Estate Group, Inc. Brokerage Phone: 562-307-0838 License #01417642 Listed on: 08/01/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 5,388 Sq Ft Lot
- No Common Walls
- Chain Link Fence
- Density is up to 1 Unit/Acre
Parking
- 1 Car Garage
- 2 Open Parking Spaces
- Parking Available
- Driveway
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 1,598 Sq Ft Home
- 1-Story Property
- Gas Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Utilities
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas, sewer, trash collection
- Legal Lot and Block 15 / 14
- Tax Tract Number 6521
- Assessor Parcel Number 7124024016
- $481 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
- North Long Beach Subdivision
Building Details
- 1 Leased Unit
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $654
- Maintenance Expense $800
- Water Sewer Expense $960
- New Taxes Expense $9,987
- Operating Expense $12,401
- Gross Income $58,044
- Net Operating Income $45,643
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 1, 2024
Closed on
Aug 19, 2024
Sold by
Morris-Mansour Family Trust and Morris Fred
Bought by
Si Haksophea and Si Haksopharith
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Visakha Sir
Circle Real Estate
List Price
$799,000
Sold Price
$795,000
Premium/Discount to List
-$4,000
-0.5%
Views
26
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
$44,251
Avg. Annual Appreciation
4.50%
Original Mortgage
$556,500
Interest Rate
6.35%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 12, 2017
Sold by
Morris Fred
Bought by
Morris Mansour Family Trust
Purchase Details
Closed on
Oct 26, 2009
Sold by
Mansour Sonia
Bought by
Morris Fred
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,000
Interest Rate
5.02%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 22, 2005
Sold by
Rivas Argueta Miguel and Rivas Pena Maria
Bought by
Morris Fred
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 24, 2004
Sold by
Pena Maria Rivas
Bought by
Rivas Argueta Miguel and Rivas Pena Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 29, 2001
Sold by
Rivas Argueta Miguel and Rivas Pena Maria
Bought by
Rivas Arguera Miguel and Rivas Pena Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
6.73%
Purchase Details
Closed on
Jul 15, 1999
Sold by
Washington Mutual Bank Fa
Bought by
Rivas Argueta Miguel and Rivas Pena Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,050
Interest Rate
7.63%
Purchase Details
Closed on
Mar 12, 1999
Sold by
Catle Ruperto M
Bought by
Washington Mutual Bank Fa and Home Svgs Of America Fsb
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 |
|---|---|---|---|
| Si Haksophea | $795,000 | Old Republic Title | |
| Morris Mansour Family Trust | -- | None Available | |
| Morris Fred | -- | Servicelink | |
| Morris Fred | $425,000 | Lawyers Title Ins | |
| Rivas Argueta Miguel | -- | Ticor Title Co | |
| Pena Maria Rivas | -- | Ticor Title Co | |
| Rivas Arguera Miguel | -- | Lawyers Title Company | |
| Rivas Argueta Miguel | $165,000 | Investors Title Company | |
| Washington Mutual Bank Fa | $126,000 | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Si Haksophea | $556,500 | |
| Previous Owner | Morris Fred | $319,000 | |
| Previous Owner | Morris Fred | $340,000 | |
| Previous Owner | Pena Maria Rivas | $224,000 | |
| Previous Owner | Rivas Arguera Miguel | $162,000 | |
| Previous Owner | Rivas Argueta Miguel | $160,050 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/11/2024 10/11/24 | Sold | $795,000 | -0.5% | $497 / Sq Ft |
| 08/21/2024 08/21/24 | Pending | -- | -- | -- |
| 08/01/2024 08/01/24 | For Sale | $799,000 | -- | $500 / 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 | $7,608 | $795,000 | $345,000 | $450,000 |
| 2024 | $7,608 | $580,781 | $409,967 | $170,814 |
| 2023 | $7,479 | $569,394 | $401,929 | $167,465 |
| 2022 | $7,023 | $558,231 | $394,049 | $164,182 |
| 2021 | $6,881 | $547,286 | $386,323 | $160,963 |
| 2020 | $6,862 | $541,675 | $382,362 | $159,313 |
| 2019 | $6,781 | $531,055 | $374,865 | $156,190 |
| 2018 | $6,471 | $515,000 | $360,000 | $155,000 |
| 2016 | $5,256 | $435,000 | $285,000 | $150,000 |
| 2015 | $4,443 | $375,000 | $245,000 | $130,000 |
| 2014 | $4,501 | $375,000 | $245,000 | $130,000 |
Source: Public Records
Agents Affiliated with this Home
-
Juan Huizar
-
Jonathan Nikfarjam
Seller Co-Listing Agent in 2024
Jonathan Nikfarjam
Shield CRE, Inc.
(310) 880-6807
1 in this area
79 Total Sales
-
Visakha Sir
Buyer's Agent in 2024
Visakha Sir
Circle Real Estate
(562) 310-3742
3 in this area
137 Total Sales
-
Sophia Tann
S
Buyer Co-Listing Agent in 2024
Sophia Tann
Circle Real Estate
(562) 444-8940
3 in this area
52 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24156717
APN: 7124-024-016
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.
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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