NOT LISTED FOR SALE

5859 Walnut Ave Long Beach, CA 90805

Nehyam Neighborhood

Estimated Value: $706,000 - $876,000

2 Beds
2 Baths
1,108 Sq Ft
$695/Sq Ft Est. Value

Last Sold February 14, 2023

Last sale price $674,000 $608 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,718/month

23 Days on Market

Highlights

  • City Lights View
  • Private Yard
  • Tile Countertops
  • Spanish Architecture
  • No HOA
  • Living Room

About This Home

As of February 2023

Perfect investing opportunity!! Live in one and rent out the other Unit. This property is a duplex that has plenty of space in the backyard to add a second bedroom. The Garage is Large enough to convert to an ADU Must see it to appreciate the potential.

Last Agent to Sell the Property

Javier Alvarez

Circle Real Estate License #01882629 Listed on: 12/30/2022

Circle Real Estate

Last Buyer's Agent

Greg Moncure

Satori Estates License #02102295

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 4,716 Sq Ft Lot
  • No Common Walls
  • East Facing Home
  • Wrought Iron Fence
  • Wood Fence
  • Private Yard
  • Garden
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Spanish Architecture
  • Turnkey
  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 1,108 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • City Lights Views
  • Tile Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 18 / D
  • Tax Tract Number 6773
  • Assessor Parcel Number 7123019018
  • $402 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • North Long Beach Subdivision

Building Details

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: North Long Beach (NLB)
  • View: Yes
  • Zoning: LBR1N
  • Architectural Style: Spanish
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7123019018
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Tile Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Levels: One
  • Price Per Square Foot: 608.30
  • Room Type: Kitchen, Living Room

Exterior Features

  • Direction Faces: East
  • Foundation: Raised
  • View: City Lights
  • Fence: Yes
  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Yard
  • Lot Size Sq Ft: 4716.00
  • Lot Size Acres: 0.1083

Multi Family

  • Average1 Bed Area: 554 Square Feet
  • Lot Size Area: 4716.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Block: D
  • Tax Census Tract: 5706.02
  • Tax Lot: 18
  • Tax Tract Number: 6773
  • TaxOtherAnnualAssessmentAmount: 401.59

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2022
Closed on
Jan 26, 2023
Sold by
Flora Ruiz Trust
Bought by
Leal Andrea and Cote Maria
Seller's Agent
Javier Alvarez
Circle Real Estate
Buyer's Agent
Greg Moncure
Satori Estates
List Price
$689,000
Sold Price
$674,000
Premium/Discount to List
-$15,000
-2.18%
Views
139
Current Estimated Value
$760,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,371
Avg. Annual Appreciation
4.75%
Original Mortgage
$661,792
Outstanding Balance
$640,267
Interest Rate
6.13%
Mortgage Type
FHA
Estimated Equity
$130,011

Purchase Details

Closed on
Sep 21, 2017
Sold by
Ruiz Flora
Bought by
Ruiz Flora and The Flora Ruiz Trust

Purchase Details

Closed on
Mar 4, 2014
Sold by
Ruiz Flora
Bought by
Ruiz Flora and Irigoyen Alejandrina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2003
Sold by
Rosales Hector D
Bought by
Ruiz Flora and Irigoyen Alejandrina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,300
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 13, 1998
Sold by
Kinley Vernon L
Bought by
Rosales Hector D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,198
Interest Rate
7.05%
Mortgage Type
VA

Purchase Details

Closed on
Aug 4, 1997
Sold by
Hardt William F
Bought by
Kinley Vernon L and Kinley Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,250
Interest Rate
7.57%
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
Leal Andrea $674,000 Fidelity National Title
Ruiz Flora -- None Available
Ruiz Flora -- None Available
Ruiz Flora $235,000 Fidelity National Title
Rosales Hector D $115,000 Lawyers Title Company
Kinley Vernon L $55,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leal Andrea $661,792
Previous Owner Ruiz Flora $182,000
Previous Owner Ruiz Flora $222,300
Previous Owner Rosales Hector D $117,198
Previous Owner Kinley Vernon L $41,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2023 02/14/23 Sold $674,000 +3.9% $608 / Sq Ft
01/22/2023 01/22/23 Pending -- -- --
01/19/2023 01/19/23 Price Changed $649,000 -5.8% $586 / Sq Ft
12/30/2022 12/30/22 For Sale $689,000 -- $622 / 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 $8,951 $701,229 $389,109 $312,120
2024 $8,951 $687,480 $381,480 $306,000
2023 $4,409 $321,127 $168,080 $153,047
2022 $4,145 $314,832 $164,785 $150,047
2021 $4,059 $308,659 $161,554 $147,105
2019 $4,001 $299,506 $156,763 $142,743
2018 $3,853 $293,635 $153,690 $139,945
2016 $3,547 $282,234 $147,723 $134,511
2015 $3,408 $277,996 $145,505 $132,491
2014 $3,392 $272,551 $142,655 $129,896
Source: Public Records

Agents Affiliated with this Home

  • Javier Alvarez

    Seller's Agent in 2023

    Javier Alvarez

    Circle Real Estate

    (562) 318-4021

    2 in this area

    68 Total Sales

    Javier Alvarez
    Section Image

  • G

    Buyer's Agent in 2023

    Greg Moncure

    Satori Estates

    (310) 991-2524

    1 in this area

    21 Total Sales

    Greg Moncure
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22261098

California Regional Multiple Listing Service (CRMLS)

APN: 7123-019-018

California Los Angeles County Long Beach 90805 Nehyam

5859 Walnut Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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