NOT LISTED FOR SALE

341 E 60th St Long Beach, CA 90805

DeForest Park Neighborhood

Estimated Value: $625,000 - $800,014

2 Beds
2 Baths
1,216 Sq Ft
$598/Sq Ft Est. Value

Sale Details

Date Sold: July 11, 2017

Last sale price $420,000 $345 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $4,265 / mo

204 Days on Market

Highlights

  • Property is near park
  • Laundry Room
  • Wall Furnace
  • Private Yard

About This Home

As of July 2017

2 units with no common walls, nice inside location, good floor plan with inside laundry feels larger than it is. Both units are the same floor plan.
2 individual garages. Separate gas and electric meters. Excellent starter for new investors.

Last Agent to Sell the Property

James McCormick

Real Broker License #00804012 Listed on: 10/27/2016

Real Broker

Last Buyer's Agent

Jacqueline Higgins

Real Broker License #00771064

Real Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 2,948 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 1,216 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Laundry Room
  • Property is near park

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 15
  • Tax Tract Number 5992
  • Assessor Parcel Number 7125014014

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $500
  • Trash Expense $240
  • Water Sewer Expense $480
  • New Taxes Expense $4,933
  • Operating Expense $6,153
  • Gross Income $21,420
  • Net Operating Income $20,239

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

2,948 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Water Sewer Expenses: 480.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7125014014
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 345.39

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 240.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby, Yard
  • Lot Size Sq Ft: 2948.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 608 Square Feet
  • Gross Income: 21420.00
  • Gross Operating Income: 21420.00
  • Gross Scheduled Income: 21420.00
  • Insurance Expense: 500.00
  • Net Operating Income: 20239.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1071.00
  • Operating Expense Percent: 5.00
  • Rent Control: No
  • Total Expenses: 6153.00

Tax Info

  • New Taxes Expense: 4933.00
  • Tax Census Tract: 5703.01
  • Tax Lot: 15
  • Tax Tract Number: 5992

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2016
Closed on
Jun 1, 2017
Sold by
Bought by
Seller's Agent
James McCormick
Real Broker
Buyer's Agent
Jacqueline Higgins
Real Broker
List Price
$429,000
Sold Price
$420,000
Premium/Discount to List
-$9,000
-2.1%
Current Estimated Value
$689,062

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$269,062
Avg. Annual Appreciation
6.27%
Original Mortgage
$315,000
Interest Rate
0.0395%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
0.0579%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
0.0579%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 18, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
0.0603%

Purchase Details

Closed on
Aug 12, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
0.0776%

Purchase Details

Closed on
Aug 10, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
0.0776%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$420,000 Title 365
-- United Title Company-La
$315,000 United Title Company
-- New Century Title Company
-- Fidelity Title
$125,000 Fidelity Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $315,000
Closed $100,000
Closed $252,000
Closed $250,000
Closed $170,000
Closed $120,000
Closed $112,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/11/2017 07/11/17 Sold $420,000 -2.1% $345 / Sq Ft
10/27/2016 10/27/16 For Sale $429,000 -- $353 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,511 $477,884 $227,563 $250,321
2024 $6,229 $468,514 $223,101 $245,413
2023 $6,123 $459,328 $218,727 $240,601
2022 $5,751 $450,323 $214,439 $235,884
2021 $5,634 $441,494 $210,235 $231,259
2020 $5,620 $436,968 $208,080 $228,888
2019 $5,554 $428,400 $204,000 $224,400
2018 $5,376 $420,000 $200,000 $220,000
2016 $4,569 $370,901 $166,022 $204,879
2015 $3,933 $325,000 $150,000 $175,000
2014 $3,984 $325,000 $150,000 $175,000
Source: Public Records

Agents Affiliated with this Home

  • James McCormick

    Seller's Agent in 2017

    James McCormick

    Real Broker

    (562) 400-3468

    28 Total Sales

    James McCormick
    Section Image

  • J

    Buyer's Agent in 2017

    Jacqueline Higgins

    Real Broker

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16735140

California Regional Multiple Listing Service (CRMLS)

APN: 7125-014-014

California Los Angeles County Long Beach 90805 DeForest Park

341 E 60th St, Long Beach, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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