NOT LISTED FOR SALE

320 E 59th St Long Beach, CA 90805

DeForest Park Neighborhood

Estimated Value: $797,000 - $915,000

5 Beds
2 Baths
1,940 Sq Ft
$441/Sq Ft Est. Value

Last Sold September 28, 2020

Last sale price $585,000 $302 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $5,167/month

29 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Wall Furnace
  • Park

About This Home

As of September 2020

RARE and GREAT opportunity for INCOME or INVESTMENT property! Two Houses in One Lot, detached buildings - DUPLEX that has been partially upgraded with new paint, new vinyl flooring, kitchen counter tops, interior doors, wall heater, etc. Property is comprised of FRONT house with 3 bedrooms and 1 bathroom, while the BACK house has 2 bedrooms and 1 bathroom. Attached Garage at Back House can accommodate 2 cars with an extra utility or storage room while the LONG DRIVEWAY can accommodate ADDITIONAL PARKING for 2 or 3 more cars. SOLD-As-Is and has been Well-Maintained with exciting possibilities for newer updates and potential to maximize space utilization. LOCATION is a few minutes to 91 & 710 Freeway, groceries, restaurants, malls, church, parks, etc. HURRY and DON'T MISS this AMAZING investment property!!!

Last Agent to Sell the Property

Patria Cabalerro

T.N.G. Real Estate Consultants License #01942801 Listed on: 07/06/2020

T.N.G. Real Estate Consultants

Last Buyer's Agent

Walter Vann

eXp Realty of California Inc License #01959293

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 5,921 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • 1,940 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 6 / 14
  • Tax Tract Number 5992
  • Assessor Parcel Number 7125025004

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • North Long Beach Subdivision

Recreation

  • Park

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,190
  • New Taxes Expense $4,821
  • Operating Expense $5,900
  • Gross Income $28,320
  • Net Operating Income $13,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7125025004
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 301.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Park, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5921.00
  • Lot Size Acres: 0.1359

Multi Family

  • Gross Income: 28320.00
  • Gross Scheduled Income: 28320.00
  • Insurance Expense: 1190.00
  • Lot Size Area: 5921.0000 Square Feet
  • Net Operating Income: 13000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 2900.00
  • Rent Control: Yes
  • Total Expenses: 5900.00

Tax Info

  • New Taxes Expense: 4821.00
  • Tax Block: 14
  • Tax Census Tract: 5703.03
  • Tax Lot: 6
  • Tax Tract Number: 5992

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2020
Closed on
Aug 28, 2020
Sold by
Keo Patrick
Bought by
Keo Molica Povmeas
Seller's Agent
Patria Cabalerro
T.N.G. Real Estate Consultants
Buyer's Agent
Walter Vann
eXp Realty of California Inc
List Price
$585,000
Sold Price
$585,000
Current Estimated Value
$855,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,009
Avg. Annual Appreciation
7.54%
Original Mortgage
$235,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 6, 2020
Closed on
Aug 3, 2020
Sold by
Arriaga David R and Arriaga Carmen O
Bought by
Keo Molica Povmeas and Pov Mean
Seller's Agent
Patria Cabalerro
T.N.G. Real Estate Consultants
Buyer's Agent
Walter Vann
eXp Realty of California Inc
List Price
$585,000
Sold Price
$585,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 2, 2013
Sold by
Arriaga David R and Arriaga Carmen O
Bought by
Arriaga David R and Arriaga Carmen O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2010
Sold by
Perez Anthony E and Perez Eva C
Bought by
Perez Anthony E and Perez Eva C

Purchase Details

Closed on
Oct 22, 2003
Sold by
Arriaga David R and Arriaga Carmen O
Bought by
Arriaga David R and Arriaga Carmen O

Purchase Details

Closed on
Jul 3, 2003
Sold by
Moore Gary Author and Moore Rhonda Jeanell
Bought by
Arriaga David R and Arriaga Carmen O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,920
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 30, 1995
Sold by
Landgren Broadway Aileen and Aileen Landgren Broadway Famil
Bought by
Moore Gary Author and Moore Rhonda Jeanell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
8.44%
Mortgage Type
Seller Take Back
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
Keo Molica Povmeas -- Ticor Title Co
Keo Molica Povmeas $585,000 Ticor Title Co
Arriaga David R -- First American Title Company
Perez Anthony E -- None Available
Arriaga David R -- Chicago Title Co
Arriaga David R $320,000 Fntc
Moore Gary Author $175,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Keo Molica Povmeas $235,000
Previous Owner Arriaga David R $220,000
Previous Owner Arriaga David R $255,920
Previous Owner Moore Gary Author $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2020 09/28/20 Sold $585,000 0.0% $302 / Sq Ft
08/06/2020 08/06/20 For Sale $585,000 0.0% $302 / Sq Ft
08/04/2020 08/04/20 Pending -- -- --
08/01/2020 08/01/20 Off Market $585,000 -- --
07/25/2020 07/25/20 Price Changed $585,000 -2.3% $302 / Sq Ft
07/20/2020 07/20/20 For Sale $599,000 +2.4% $309 / Sq Ft
07/14/2020 07/14/20 Off Market $585,000 -- --
07/06/2020 07/06/20 For Sale $599,000 -- $309 / 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 $8,254 $633,221 $357,201 $276,020
2024 $8,254 $620,806 $350,198 $270,608
2023 $8,117 $608,634 $343,332 $265,302
2022 $7,626 $596,700 $336,600 $260,100
2021 $7,473 $585,000 $330,000 $255,000
2020 $4,994 $374,456 $196,676 $177,780
2019 $4,937 $367,122 $192,820 $174,302
2018 $4,706 $359,932 $189,040 $170,892
2016 $4,325 $345,592 $181,700 $163,892
2015 $4,155 $340,402 $178,971 $161,431
2014 $4,134 $333,735 $175,466 $158,269
Source: Public Records

Agents Affiliated with this Home

  • Patria Cabalerro

    Seller's Agent in 2020

    Patria Cabalerro

    T.N.G. Real Estate Consultants

    (562) 290-7211

    12 Total Sales

    Patria Cabalerro
    Section Image
  • Walter Vann

    Buyer's Agent in 2020

    Walter Vann

    eXp Realty of California Inc

    (562) 200-2221

    41 Total Sales

    Walter Vann
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS20131829

California Regional Multiple Listing Service (CRMLS)

APN: 7125-025-004

California Los Angeles County Long Beach 90805 DeForest Park

320 E 59th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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