NOT LISTED FOR SALE

620 E 71st St Long Beach, CA 90805

Hamilton Neighborhood

Estimated Value: $883,000 - $1,008,000

6 Beds
2 Baths
2,276 Sq Ft
$419/Sq Ft Est. Value

Last Sold September 07, 2018

Last sale price $690,000 $303 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $5,758/month

13 Days on Market

Highlights

  • Property is near park
  • Laundry Room
  • Wall Furnace
  • No HOA
  • Tile Flooring
  • 1-Story Property

About This Home

As of September 2018

Tremendous Opportunity to Own this Duplex in North Long Beach with NO Rent Control! The Two Detached Units are 3 bedroom 1 bath with a 2 car garage offering one car garage plus additional parking for each unit. Inside Laundry connections and appliances included for both units. The 2nd unit is currently leased through June 2019 for $2,210.00/mo and the tenant pays all of their own utilities. This is an Excellent Opportunity for buyer looking to occupy once unit and rent the other for income or for an Investor looking for a turn key Investment. Don't miss it, take a tour today!

Last Agent to Sell the Property

Jessica Nieto

Brooke Realty License #01923684 Listed on: 07/25/2018

Last Buyer's Agent

Gloria Martinez

Realty Executives All Cites License #01974623

Realty Executives All Cites

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 5,453 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage
  • Parking Available
  • Two Garage Doors
  • Driveway
  • Off-Street Parking

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,276 Sq Ft Home
  • 1-Story Property

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Property is near park

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 165
  • Tax Tract Number 10638
  • Assessor Parcel Number 7101021012

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $19,890

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7101021012
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 303.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage - Two Door, Off Street
  • 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: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 5453.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 26520.00
  • Net Operating Income: 19890.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 6630.00
  • Rent Control: No
  • Total Actual Rent: 2210.00

Tax Info

  • Tax Census Tract: 5702.02
  • Tax Lot: 165
  • Tax Tract Number: 10638

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2018
Closed on
Aug 28, 2018
Sold by
Srps L P
Bought by
Gill Harjeet and Gill Ranjit Kaur
Seller's Agent
Jessica Nieto
Brooke Realty
Buyer's Agent
Gloria Martinez
Realty Executives All Cites
List Price
$650,000
Sold Price
$690,000
Premium/Discount to List
$40,000
6.15%
Current Estimated Value
$954,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,312
Avg. Annual Appreciation
4.49%
Original Mortgage
$547,000
Outstanding Balance
$476,034
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$478,278

Purchase Details

Closed on
Jan 17, 2018
Sold by
Colfi
Bought by
Srpsl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.99%

Purchase Details

Closed on
May 9, 2017
Sold by
Colfin Al Ca 5 Llc
Bought by
Srps Lp

Purchase Details

Closed on
Jul 11, 2012
Sold by
Mendez Alfonso and Mendez Maria
Bought by
Colfin Ai Ca 5 Llc

Purchase Details

Closed on
Mar 12, 2007
Sold by
Mendez Maria and Mendez Maria Elena
Bought by
Mendez Alfonso and Mendez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2003
Sold by
Mendez Alfonso
Bought by
Mendez Maria Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
5.82%

Purchase Details

Closed on
Aug 9, 2001
Sold by
Mendez Alfonso
Bought by
Mendez Alfonso and Mendez Maria Elena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,000
Interest Rate
7.29%

Purchase Details

Closed on
Jun 21, 1996
Sold by
Mendez Alfredo and Mendez Amy
Bought by
Mendez Alfonso
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
Gill Harjeet $690,000 First American Title Company
Srpsl -- --
Srps Lp -- None Available
Colfin Ai Ca 5 Llc -- Fidelity Van Nuys
Mendez Alfonso -- First American Title
Mendez Maria Elena -- American Title Co
Mendez Alfonso -- Old Republic Title Company
Mendez Alfonso -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gill Harjeet $547,000
Previous Owner Srpsl --
Previous Owner Mendez Alfonso $325,000
Previous Owner Mendez Maria Elena $154,000
Previous Owner Mendez Alfonso $143,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/07/2018 09/07/18 Sold $690,000 +6.2% $303 / Sq Ft
08/07/2018 08/07/18 Pending -- -- --
07/25/2018 07/25/18 For Sale $650,000 -- $286 / 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 $9,805 $769,705 $334,654 $435,051
2024 $9,805 $754,614 $328,093 $426,521
2023 $9,646 $739,818 $321,660 $418,158
2022 $9,062 $725,312 $315,353 $409,959
2021 $8,885 $711,091 $309,170 $401,921
2020 $8,861 $703,800 $306,000 $397,800
2019 $8,755 $690,000 $300,000 $390,000
2018 $7,464 $586,500 $249,900 $336,600
2016 $4,248 $338,075 $130,028 $208,047
2015 $4,080 $307,382 $153,691 $153,691
2014 $3,771 $301,362 $150,681 $150,681
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jessica Nieto

    Brooke Realty

    Section Image

  • G

    Buyer's Agent in 2018

    Gloria Martinez

    Realty Executives All Cites

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18176045

California Regional Multiple Listing Service (CRMLS)

APN: 7101-021-012

California Los Angeles County Long Beach 90805 Hamilton

620 E 71st St, Long Beach, CA

Not Listed for Sale

MultiFamily

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