NOT LISTED FOR SALE

450 E 59th St Long Beach, CA 90805

DeForest Park Neighborhood

Estimated Value: $754,000 - $892,000

3 Beds
2 Baths
1,560 Sq Ft
$525/Sq Ft Est. Value

Last Sold June 15, 2012

Last sale price $330,000 $212 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $4,745/month

56 Days on Market

About This Home

As of June 2012

*** Standard Sale** Clean remolded "Two units on a lot" .. located in a nice residential neighborhood of North Long Beach. Great property for an investor to use as a rental property.. Or an owner occupant to live in one unit and rent out the other.. Near all schools, shopping centers & transportation. Both unit have there own private rear yards, The property has a large two car garage and lots of parking in a long driveway. New kitchen and Baths, new flooring, new windows and much more must see..

Last Agent to Sell the Property

Dario Mendez

UNITED CAPITAL REALTY License #00950296 Listed on: 02/21/2012

Last Buyer's Agent

Dario Mendez

UNITED CAPITAL REALTY License #00950296 Listed on: 02/21/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 5,912

Parking

  • 2 Car Garage

Home Design

  • 1,560 Sq Ft Home

Additional Features

  • 5,912 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 2
  • Assessor Parcel Number 7125024007

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Type: Residential Income
  • Parcel Number: 7125024007
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Square Foot: 211.54

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 5912.00
  • Lot Size Acres: 0.1400

Multi Family

  • Lot Size Area: 5912.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 2
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2012
Closed on
Jun 1, 2012
Sold by
Se Investments Llc
Bought by
Rodriguez Mario E and Casillas Nancy
Seller's Agent
Dario Mendez
UNITED CAPITAL REALTY
Buyer's Agent
Dario Mendez
UNITED CAPITAL REALTY
List Price
$349,000
Sold Price
$330,000
Premium/Discount to List
-$19,000
-5.44%
Current Estimated Value
$818,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$488,311
Avg. Annual Appreciation
6.95%
Original Mortgage
$321,634
Outstanding Balance
$222,065
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$596,246

Purchase Details

Closed on
Jul 11, 2011
Sold by
Aurora Loan Services Llc
Bought by
S E Investments Llc

Purchase Details

Closed on
Dec 28, 2010
Sold by
Gonzalez Jose
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Jun 6, 2005
Sold by
Maurer Roger W and Maurer Terrie Ann
Bought by
Gonzales Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.8%
Mortgage Type
Fannie Mae Freddie Mac
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
Rodriguez Mario E $330,000 Lsi Title Company
S E Investments Llc $236,000 Lsi Title Company Ca
Aurora Loan Services Llc $235,000 Accommodation
Gonzales Jose $500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Mario E $321,634
Previous Owner Gonzales Jose $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2012 06/15/12 Sold $330,000 -5.4% $212 / Sq Ft
04/17/2012 04/17/12 Pending -- -- --
02/21/2012 02/21/12 For Sale $349,000 -- $224 / 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 $5,501 $414,485 $226,084 $188,401
2024 $5,501 $406,358 $221,651 $184,707
2023 $5,408 $398,391 $217,305 $181,086
2022 $5,083 $390,581 $213,045 $177,536
2021 $4,977 $382,923 $208,868 $174,055
2020 $4,964 $378,998 $206,727 $172,271
2019 $4,906 $371,568 $202,674 $168,894
2018 $4,737 $364,283 $198,700 $165,583
2016 $4,357 $350,139 $190,985 $159,154
2015 $4,185 $344,881 $188,117 $156,764
2014 $4,163 $338,127 $184,433 $153,694
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2012

    Dario Mendez

    UNITED CAPITAL REALTY

    Section Image

  • R

    Buyer Co-Listing Agent in 2012

    Rafael Abello

    CALIFORNIA BROKERS

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: M12023515

California Regional Multiple Listing Service (CRMLS)

APN: 7125-024-007

California Los Angeles County Long Beach 90805 DeForest Park

450 E 59th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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