$845,000
SOLD DEC 31, 2024
5 Beds
3 Baths
1,734 Sq Ft
4,884 Sq Ft Lot

Recently Sold

$487 Per Sq Ft

14% Below List Price

162 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • 2 Car Garage
  • No HOA
  • Ceiling Fan
  • Chain Link Fence

About This Home

As of December 2024

Units show pride of ownership/ Features include crown molding, hardwood and tile floors newer windows, mini blinds, formal dining floor, Bathroom fully tiled, newer light fixtures newer pedal sink, newer ceiling fans throughout. Property close to shopping, parks, transportation. Front unit address is 1438 E 59th St has 2 bedrooms and 1 bath, 699 Sqft with formal dining area and newer window. Back unit address 1428 E 59th St has 3 Bed, 2 Bath 1035 Sqft. Each unit has its own 1 car garage. The washer dryer hook up is located in the first garage closest to the back unit. Large covered patio. Back Unit Photos taken before the tenant moved in March 2020. Front unit photos taken before the tenant moved in Feb 2023. Roof was replaced in approximately 2022.

Last Agent to Sell the Property

Theresa Miller

The M & M Team Realty Brokerage Phone: 310-713-8459 License #01300412 Listed on: 06/02/2024

Last Buyer's Agent

Christopher Rubio-Novack

Rubio Real Estate License #01959226

Rubio Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 4,884 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Traditional Architecture
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Shingle Roof

Interior Spaces

  • 1,734 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Laminate Flooring
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Legal Lot and Block 13 / C
  • Tax Tract Number 6773
  • Assessor Parcel Number 7123020013

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • North Long Beach Subdivision

Building Details

  • 2 Leased Units
  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $900
  • Pest Control $600
  • Trash Expense $480
  • Water Sewer Expense $900
  • Operating Expense $3,840
  • Gross Income $47,640
  • Net Operating Income $11,640

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: North Long Beach (NLB)
  • View: No
  • Water Sewer Expenses: 900.00
  • Zoning: LBR1N
  • Architectural Style: Traditional
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7123020013
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 487.31
  • Room Type: All Bedrooms Down
  • Window Features: Blinds

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 4884.00
  • Lot Size Acres: 0.1121

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Gross Income: 47640.00
  • Gross Operating Income: 47640.00
  • Gross Scheduled Income: 47640.00
  • Insurance Expense: 900.00
  • Lot Size Area: 4884.0000 Square Feet
  • Net Operating Income: 11640.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 3600.00
  • Rent Control: Yes
  • Total Actual Rent: 5250.00
  • Total Expenses: 3840.00

Tax Info

  • Tax Block: C
  • Tax Census Tract: 5706.02
  • Tax Lot: 13
  • Tax Tract Number: 6773

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2023
Sold by
Smith Cary
Bought by
Cary Smith Trust and Smith
Current Estimated Value
$877,533

Purchase Details

Listed on
Apr 26, 2016
Closed on
May 23, 2016
Sold by
Ngo Hau T
Bought by
Tep Morakoth
Seller's Agent
Maria Rodriquez-Morgan
OC Signature Properties
Buyer's Agent
Jose A. Perez
Century 21 Allstars
List Price
$525,000
Sold Price
$515,000
Premium/Discount to List
-$10,000
-1.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.79%
Original Mortgage
$446,250
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2009
Sold by
Ngo Hau Thanh and Nguyen Diem Thi Thanh
Bought by
Ngo Hau T

Purchase Details

Closed on
Aug 12, 1994
Sold by
Do Kim
Bought by
Ngo Hau Thanh

Purchase Details

Closed on
Oct 6, 1993
Sold by
California Thrift & Loan
Bought by
Ngo Hau Thanh and Nguyen Diem Thi Thanh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.88%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 Type Sale Price Title Company
Deed -- None Listed On Document
Grant Deed $525,000 Orange Coast Title Co Socal
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- --
Corporate Deed $162,500 World Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $446,250 New Conventional
Previous Owner $130,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/31/2024 12/31/24 Sold $845,000 -5.6% $487 / Sq Ft
09/03/2024 09/03/24 Price Changed $895,000 -2.2% $516 / Sq Ft
08/24/2024 08/24/24 Price Changed $915,000 -3.7% $528 / Sq Ft
06/26/2024 06/26/24 Price Changed $950,000 -3.1% $548 / Sq Ft
06/02/2024 06/02/24 For Sale $979,997 +22.5% $565 / Sq Ft
02/06/2023 02/06/23 Sold $800,000 -3.0% $800 / Sq Ft View Prior Sale
12/27/2022 12/27/22 Pending -- -- --
10/21/2022 10/21/22 Price Changed $825,000 -2.9% $825 / Sq Ft
08/28/2022 08/28/22 Price Changed $850,000 -4.0% $850 / Sq Ft
08/11/2022 08/11/22 For Sale $885,000 0.0% $885 / Sq Ft
03/09/2020 03/09/20 Rented $2,495 0.0% --
02/28/2020 02/28/20 For Rent $2,495 0.0% --
06/20/2016 06/20/16 Sold $515,000 -1.9% $297 / Sq Ft View Prior Sale
05/14/2016 05/14/16 Pending -- -- --
02/15/2016 02/15/16 For Sale $525,000 -- $303 / 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 $10,609 $845,000 $345,000 $500,000
2024 $10,609 $816,000 $408,000 $408,000
2023 $7,911 $597,354 $227,563 $369,791
2022 $7,430 $585,642 $223,101 $362,541
2021 $7,281 $574,160 $218,727 $355,433
2019 $7,177 $557,133 $212,241 $344,892
2018 $6,938 $546,210 $208,080 $338,130
2016 $2,881 $229,313 $86,305 $143,008
2015 $2,769 $225,869 $85,009 $140,860
2014 $2,758 $221,445 $83,344 $138,101
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24108715

California Regional Multiple Listing Service (CRMLS)

APN: 7123-020-013