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1060 E 71st Way Long Beach, CA 90805

$730,000 Sold Price as of 07/08/2020

6 Beds
4 Baths
2,431 Sq.Ft.

Sold

$730,000 Sold Price as of 07/08/2020 Refinance Your Mortgage

Map preview of 1060 E 71st Way, Long Beach, CA 90805

Property Overview: 1060 E 71st Way Long Beach, CA has 6 bedrooms, 4 bathrooms, 2,431 living square feet and 9,241 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Property SOLD AS IS. *GREAT INCOME PROPERTY* with so much potential! Front house is currently TENANT OCCUPIED and features 2 bedrooms, 1 bathroom, attached single car garage, front yard and back patio. The back house features 4 good size bedrooms with ample closet space, 3 bathrooms, bonus room, private back yard and detached two-car garage. Just off of the open living room space is a cozy bonus room with fireplace and lots of natural lighting. Parking won't be an issue with the long, gated driveway large enough for extra cars or entertaining space. The washer and dryer hookups are in each garage. Close proximity to the 91, 710 and 105 freeways, shopping centers and schools.

Listed by Rachael Lopez | BRE #01996004 | The Westwood Real Estate Group
Co-listed by Kathleen Lopez | BRE #01928942 | The Westwood Real Estate Group

Last checked: 3 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 27

Home details

Lot Sq. Ft: 9,241
HOA Dues: $0/mo
Year built: 1948
Garage: 2 Car
Property Type:: Multi Family

Status: Sold
MLS#: PW20071419
City: Long Beach
County: Los Angeles
Time on Site: 1408 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 2
Total # of Buildings: 2
# of Leased Units: 1
# of Electric Meters: 2
# of Gas Meters: 2
# of Water Meters: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 4
# of Baths: 3
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $2,800

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,000
Total Rent: $2,000
Pro Forma/Market Rent: $2,000

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $24,000
Net Operating Income: $21,667
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $2,333
New Taxes: $0
Trash: $480
Gardener: $1,200
Insurance: $653

Property Details for 1060 E 71st Way

Interior Features

Cooling Information

No Cooling
None

Heating Information

Has Heating
Wall Furnace

Laundry Information

Has Laundry
In Garage

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 2
# of Parking Spaces: 5
Has Parking
Parking Features: Direct Garage Access, Driveway, Concrete

Lot Information

Lot Features: Back Yard, Front Yard, Landscaped, Sprinklers In Front
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 2
Parcel Number: 7101032002
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Assessment Information

No Assessments
Assessments: None

Location / Neighborhood

Location Information

Subdivision Name: North Long Beach (NLB)
Directions: On 71st Way between Atlantic and Orange.

Neighborhood Information

Community Features: Curbs, Gutters, Street Lights

View more facts & features

Local Long Beach Agent

Sale History for 1060 E 71st Way

Last sold for $730,000 on July 8th, 2020

July, 2020
Jul 8, 2020

Date

Sold

CRMLS: PW20071419

$730,000

Price
Jun 9, 2020

Date

Pending

CRMLS: PW20071419

$725,000

Price
Jun 5, 2020

Date

Active

CRMLS: PW20071419

$725,000

Price
May 23, 2020

Date

Pending

CRMLS: PW20071419

$725,000

Price
May 8, 2020

Date

Active

CRMLS: PW20071419

$725,000

Price
Apr 28, 2020

Date

Pending

CRMLS: PW20071419

$725,000

Price
Apr 15, 2020

Date

Active

CRMLS: PW20071419

$725,000

Price
July, 2020
Jul 8, 2020

Date

Sold (Public Records)

Public Records

$730,000

Price

Tax History for 1060 E 71st Way

Assessed Value (2020): $106,841

Year	Land Value	Improved Value	Assessed Value
2020	$23,053	$83,788	$106,841

Home Value Compared to the Market

This property vs the competition

1060 E 71st Way sold on July 8, 2020 for 9.38% lower than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $298.23 per/sqft which puts the price per square foot 52.81% lower than the current median sale per square foot for the city of Long Beach.

About 1060 E 71st Way

Detailed summary of property

1060 E 71st Way is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 2,431 living square feet, and sits on an approximately 9,241 square foot lot. 1060 E 71st Way was first listed on ArdentRealEstateGroup.com on July 11, 2020. The homeowner sold the property for $730,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 9.38% lower than the current median priced home. Local homes that are currently for sale include 949 E 113th St, 1861 Orange Ave and 9305 Maie Ave. While the average home in Long Beach, CA is selling in 51 days, 1060 E 71st Way has a days on market of 27 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 1060 E 71st Way Long Beach, CA 90805 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1060 E 71st Way

Public county record property details

Beds: 6
Baths: 3
Year built: 1948
Sq. Ft.: 2,431
Lot Size: 9,241
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 7
APN: 7101-032-002

The source for these homes facts are from public records.

90805 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$699,000

Median List Price/Sq.Ft.

$563

Median Sold Price

$720,000

Median Sold Price/Sq.Ft.

$564

Total Inventory

Median Sale to List Price %

101.69%

Avg Days on Market

Loan Type

Conventional (47.83%), FHA (17.39%), VA (4.35%), Cash (13.04%), Other (17.39%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.