NOT LISTED FOR SALE

3060 E 70th St Long Beach, CA 90805

Mc Kinley Neighborhood

Estimated Value: $1,179,000 - $1,567,000

2 Beds
2 Baths
3,883 Sq Ft
$352/Sq Ft Est. Value

Last Sold March 13, 2015

Last sale price $759,000 $195 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $8,159/month

1 Day on Market

About This Home

As of March 2015

No Rent Control Bread And Butter Units! Rehabbed 4 units in process with new laminate floors and new carpet throughout. Freshly painted exterior/interior with easy maintenance and 6 car garage. The front unit #3060 is two story 2bd 1/2 bath with new laminate floors downstairs and new carpet upstairs, bathrooms have new tile, kitchen cabinets have been painted with tile counter tops and new appliances. The rest of the units are in the process of being rehabbed. Unit #3066 will be similar to the front unit but with new granite kitchen counter tops. Must see to appreciate.

Last Agent to Sell the Property

Guadalupe Guevara

West Shores Realty, Inc. License #01733212 Listed on: 01/29/2015

West Shores Realty, Inc.

Last Buyer's Agent

Steve Chun

Uniti Realty License #01361075

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 6,737 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,883 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 711
  • Tax Tract Number 301
  • Assessor Parcel Number 7113011030

Community Details

Overview

  • 4 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $1,600
  • Trash Expense $600
  • Water Sewer Expense $3,300
  • New Taxes Expense $7,350
  • Gross Income $5,550
  • Net Operating Income $53,150

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Parking

6

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 3300.00
  • Property Type: Residential Income
  • Parcel Number: 7113011030
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 195.47

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6737.00
  • Lot Size Acres: 0.1550

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 5550.00
  • Gross Scheduled Income: 66600.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 6737.0000 Square Feet
  • Net Operating Income: 53150.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 13450.00
  • Rent Control: No
  • Total Actual Rent: 5550.00

Tax Info

  • New Taxes Expense: 7350.00
  • Tax Lot: 711
  • Tax Tract Number: 301
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 14, 2017
Sold by
Sim Sang Tae
Bought by
Sim Sang Tae and Sim Kyung Joon
Current Estimated Value
$1,365,667

Purchase Details

Listed on
Jan 29, 2015
Closed on
Mar 3, 2015
Sold by
Acjj Investments Llc
Bought by
Sim Sang Tae and Sim Kyung Joon
Seller's Agent
Guadalupe Guevara
West Shores Realty, Inc.
Buyer's Agent
Steve Chun
Uniti Realty
List Price
$759,000
Sold Price
$759,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.58%
Original Mortgage
$430,000
Outstanding Balance
$328,484
Interest Rate
3.61%
Mortgage Type
New Conventional
Estimated Equity
$1,037,183

Purchase Details

Listed on
Jan 29, 2015
Closed on
Feb 9, 2015
Sold by
Acjj Investments Llc
Bought by
Acjj Investments Llc and Bola Llc
Seller's Agent
Guadalupe Guevara
West Shores Realty, Inc.
Buyer's Agent
Steve Chun
Uniti Realty
List Price
$759,000
Sold Price
$759,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Outstanding Balance
$328,484
Interest Rate
3.61%
Mortgage Type
New Conventional
Estimated Equity
$1,037,183

Purchase Details

Listed on
Nov 13, 2014
Closed on
Dec 15, 2014
Sold by
Hsbc Bank Usa Na
Bought by
Acjj Investments Llc
Seller's Agent
Leonardo Villasenor
Purplebricks Realty Inc.
Buyer's Agent
Guadalupe Guevara
West Shores Realty, Inc.
List Price
$659,500
Sold Price
$588,000
Premium/Discount to List
-$71,500
-10.84%

Purchase Details

Closed on
Nov 10, 2014
Sold by
Harris Hollis Jean
Bought by
Hsbc Bank Usa N A

Purchase Details

Closed on
Feb 6, 2007
Sold by
Harris Hollis Jean
Bought by
Harris Hollis Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,000
Interest Rate
6.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2005
Sold by
Jones Ronald E
Bought by
Harris Hollis Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2002
Sold by
Jones Ronald E
Bought by
Harris Hollis Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
7.11%
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
Sim Sang Tae -- None Available
Sim Sang Tae $759,000 Title 365
Acjj Investments Llc -- Accommodation
Acjj Investments Llc -- Title365
Hsbc Bank Usa N A $496,931 Accommodation
Harris Hollis Jean -- Gateway Title
Harris Hollis Jean -- Financial Title Company La
Harris Hollis Jean -- South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sim Sang Tae $430,000
Previous Owner Harris Hollis Jean $515,000
Previous Owner Harris Hollis Jean $365,000
Previous Owner Harris Hollis Jean $232,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/13/2015 03/13/15 Sold $759,000 0.0% $195 / Sq Ft
01/30/2015 01/30/15 Pending -- -- --
01/29/2015 01/29/15 For Sale $759,000 +29.1% $195 / Sq Ft
01/13/2015 01/13/15 Sold $588,000 -10.8% $151 / Sq Ft View Prior Sale
12/12/2014 12/12/14 Pending -- -- --
11/13/2014 11/13/14 For Sale $659,500 -- $170 / 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 $12,046 $912,193 $287,235 $624,958
2024 $12,046 $894,307 $281,603 $612,704
2023 $11,842 $876,773 $276,082 $600,691
2022 $11,128 $859,582 $270,669 $588,913
2021 $10,893 $842,728 $265,362 $577,366
2019 $10,739 $817,735 $257,493 $560,242
2018 $10,393 $801,702 $252,445 $549,257
2016 $9,552 $770,574 $242,644 $527,930
2015 $7,250 $588,000 $200,000 $388,000
2014 $4,810 $372,001 $119,570 $252,431
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2015

    Guadalupe Guevara

    West Shores Realty, Inc.

    (310) 541-4663

    3 Total Sales

    Guadalupe Guevara
    Section Image

  • L

    Seller's Agent in 2015

    Leonardo Villasenor

    Purplebricks Realty Inc.

  • S

    Buyer's Agent in 2015

    Steve Chun

    Uniti Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15019633

California Regional Multiple Listing Service (CRMLS)

APN: 7113-011-030

California Los Angeles County Long Beach 90723 Mc Kinley

3060 E 70th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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