NOT LISTED FOR SALE

Estimated Value: $957,000 - $1,108,000

5 Beds
3 Baths
2,456 Sq Ft
$424/Sq Ft Est. Value

Last Sold May 22, 2017

Last sale price $625,000 $254 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $6,228/month

6 Days on Market

Highlights

  • Fireplace in Kitchen
  • No HOA
  • Laundry Room
  • Traditional Architecture
  • Two Homes on a Lot
  • 3-minute walk to Jackson Park

About This Home

As of May 2017

1660 E. 53rd is a lovingly maintained beauty on a quiet, family oriented and tree lined street. This Duplex is not only a wonderful home in a nice neighborhood, but also an incredible investment opportunity. The front house is a spacious 1,468 square foot 3 bed 2 bath home with an updated kitchen. A nice lawn and patio space separate the front house from the generous 988 square foot 2 bed 1 bath back house with its own laundry. Each unit has its own gas/water/electric meter. The property is tenant occupied so call to make an appointment please. Thank you for viewing our listing and don't hesitate to call for more information.

Last Agent to Sell the Property

Matthew Beatty

Keller Williams Pacific Estate License #02000175 Listed on: 03/15/2017

Keller Williams Pacific Estate

Last Buyer's Agent

Matthew Beatty

Keller Williams Pacific Estate License #02000175 Listed on: 03/15/2017

Keller Williams Pacific Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 8,586 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Back and Front Yard

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Traditional Architecture
  • Additions or Alterations
  • Raised Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Asphalt Roof
  • Stucco

Interior Spaces

  • 2,456 Sq Ft Home
  • Family Room with Fireplace
  • Dining Room with Fireplace
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating
  • Sewer Paid

Additional Features

  • Two Homes on a Lot
  • Suburban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 179
  • Tax Tract Number 179
  • Assessor Parcel Number 7129008008

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $10,200
  • Net Operating Income $6,630

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR1N
  • Architectural Style: Traditional
  • Property Condition: Additions/Alterations
  • Property Type: Residential Income
  • Parcel Number: 7129008008
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Dining Room, Family Room, Kitchen
  • Levels: One
  • Price Per Square Foot: 254.48

Exterior Features

  • Foundation: Raised
  • Other Structures: Two On A Lot
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Asphalt, Composition
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 8586.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 10200.00
  • Gross Scheduled Income: 10200.00
  • Net Operating Income: 6630.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 3570.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Actual Rent: 850.00

Tax Info

  • Tax Area: 4992
  • Tax Census Tract: 5706.02
  • Tax Lot: 179
  • Tax Tract Number: 179

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2017
Sold by
Gordon Teresa and The Thelma L Huff Living Trust
Bought by
Mills Cathryn and Battle Christina
Current Estimated Value
$1,041,491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,750
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 1995
Sold by
Huff Thelma I
Bought by
Huff Thelma I and The Thelma I Huff Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mills Cathryn $625,000 Title 365
Huff Thelma I -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mills Cathryn $468,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2017 05/22/17 Sold $625,000 +11.8% $254 / Sq Ft
03/21/2017 03/21/17 Pending -- -- --
03/15/2017 03/15/17 For Sale $559,000 -- $228 / 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 $9,246 $725,360 $377,187 $348,173
2024 $9,246 $711,139 $369,792 $341,347
2023 $9,090 $697,196 $362,542 $334,654
2022 $8,537 $683,527 $355,434 $328,093
2021 $8,361 $670,125 $348,465 $321,660
2019 $8,238 $650,250 $338,130 $312,120
2018 $17,306 $637,500 $331,500 $306,000
2016 $1,137 $74,340 $22,343 $51,997
2015 $1,100 $73,224 $22,008 $51,216
2014 $1,106 $71,790 $21,577 $50,213
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS17052957

California Regional Multiple Listing Service (CRMLS)

APN: 7129-008-008