NOT LISTED FOR SALE

1611 E 63rd St Long Beach, CA 90805

Nehyam Neighborhood

Estimated Value: $714,000 - $955,000

1 Bed
4 Baths
1,626 Sq Ft
$541/Sq Ft Est. Value

Last Sold June 30, 2017

Last sale price $539,000 $331 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $5,288/month

2 Days on Market

Highlights

  • Lawn
  • Side by Side Parking
  • Rectangular Lot
  • Double Pane Windows

About This Home

As of June 2017

Four units in North Long Beach, one 1 bedroom and 3 studios. The property has a new roof and dual pane vinyl windows. Separate gas and electric meters. Four parking spaces, one parking spot per unit. Please read Agent Comments below.

Last Agent to Sell the Property

Mia Mochidome

Century 21 On Target License #01994158 Listed on: 05/19/2017

Century 21 On Target

Last Buyer's Agent

Alvaro Ayapan

Century 21 On Target License #01994159

Century 21 On Target

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 5,191 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Lawn

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 1,626 Sq Ft Home
  • Double Pane Windows
  • ENERGY STAR Qualified Windows

Bedrooms and Bathrooms

  • 1 Bedroom
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Side by Side Parking
  • No Driveway
  • Uncovered Parking
  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 17
  • Tax Tract Number 7785
  • Assessor Parcel Number 7118003019

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $500
  • Water Sewer Expense $1,400
  • New Taxes Expense $4,600
  • Operating Expense $23,057
  • Gross Income $36,000
  • Net Operating Income $12,943

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 1400.00
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7118003019
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 331.49
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Uncovered, No Driveway, Parking Space, Side by Side
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn, Rectangular Lot
  • Lot Size Sq Ft: 5191.00

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 36000.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 500.00
  • Net Operating Income: 12943.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 23056.00
  • Rent Control: No
  • Total Expenses: 23056.52

Tax Info

  • New Taxes Expense: 4600.00
  • Tax Census Tract: 5705.02
  • Tax Lot: 17
  • Tax Tract Number: 7785

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2017
Closed on
May 28, 2017
Sold by
Youngerman Nancy
Bought by
Solis Manuel Antonio Chacon
Seller's Agent
Mia Mochidome
Century 21 On Target
Buyer's Agent
Alvaro Ayapan
Century 21 On Target
List Price
$549,000
Sold Price
$539,000
Premium/Discount to List
-$10,000
-1.82%
Current Estimated Value
$879,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$340,030
Avg. Annual Appreciation
5.91%
Original Mortgage
$404,250
Outstanding Balance
$336,252
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$542,778

Purchase Details

Listed on
May 19, 2017
Closed on
May 24, 2017
Sold by
Chacon Josefina
Bought by
Solls Manuel Antonio Chacon
Seller's Agent
Mia Mochidome
Century 21 On Target
Buyer's Agent
Alvaro Ayapan
Century 21 On Target
List Price
$549,000
Sold Price
$539,000
Premium/Discount to List
-$10,000
-1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,250
Outstanding Balance
$336,252
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$542,778

Purchase Details

Closed on
Jan 19, 2011
Sold by
Mochidome Kanji William
Bought by
Youngerman Nancy

Purchase Details

Closed on
Aug 26, 2008
Sold by
Youngerman Nancy
Bought by
Youngerman Nancy and Alpha May Draper Trust Of 1982

Purchase Details

Closed on
Apr 30, 2008
Sold by
Mochidome Kanji William
Bought by
Youngerman Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,650
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2008
Sold by
2007 Residential Llc
Bought by
Youngerman Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,650
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 2007
Sold by
Nomura Credit & Capital Inc
Bought by
2007 Residential Llc

Purchase Details

Closed on
Jul 30, 2007
Sold by
Ornelas Irma
Bought by
Nomura Credit & Capital Inc

Purchase Details

Closed on
Feb 28, 2007
Sold by
Ornelas Irma
Bought by
Terwin Advisors Llc

Purchase Details

Closed on
Nov 18, 2005
Sold by
Gonzalez Jose Luis and Gonzalez Petra
Bought by
Ornelas Irma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$358,400
Interest Rate
7.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 6, 2000
Sold by
Gardner John David
Bought by
Gonzalez Jose Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,618
Interest Rate
7.96%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Solis Manuel Antonio Chacon $539,000 Ticor Title
Solls Manuel Antonio Chacon -- None Available
Youngerman Nancy -- None Available
Youngerman Nancy $74,500 None Available
Youngerman Nancy -- Accommodation
Youngerman Nancy -- Commonwealth Land Title Co
Youngerman Nancy $359,500 Commonwealth Land Title Co
2007 Residential Llc $332,500 None Available
Nomura Credit & Capital Inc $398,341 Accommodation
Terwin Advisors Llc $122,871 Alliance Title Company
Ornelas Irma $512,000 North American Title Company
Gonzalez Jose Luis $169,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Solis Manuel Antonio Chacon $404,250
Previous Owner Youngerman Nancy $258,650
Previous Owner Ornelas Irma $358,400
Previous Owner Gonzalez Jose Luis $167,618
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2017 06/30/17 Sold $539,000 -1.8% $331 / Sq Ft
05/21/2017 05/21/17 Pending -- -- --
05/19/2017 05/19/17 For Sale $549,000 -- $338 / 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 $8,355 $625,549 $300,588 $324,961
2024 $8,355 $613,285 $294,695 $318,590
2023 $8,209 $601,261 $288,917 $312,344
2022 $7,714 $589,472 $283,252 $306,220
2021 $7,554 $577,915 $277,699 $300,216
2019 $7,447 $561,290 $269,463 $291,827
2018 $7,215 $550,295 $264,180 $286,115
2016 $4,606 $351,732 $243,507 $108,225
2015 $4,429 $346,450 $239,850 $106,600
2014 $4,418 $339,664 $235,152 $104,512
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Mia Mochidome

    Century 21 On Target

    Section Image

  • A

    Buyer's Agent in 2017

    Alvaro Ayapan

    Century 21 On Target

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS17110964

California Regional Multiple Listing Service (CRMLS)

APN: 7118-003-019

California Los Angeles County Long Beach 90805 Nehyam

1611 E 63rd St, Long Beach, CA

Not Listed for Sale

MultiFamily

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