G
Seller's Agent in 2017
Gay-Lynn Barnes
eXp Realty of California Inc.
(888) 832-7179
52 Total Sales
1060 Belmont Ave Long Beach, CA 90804
Recreation Park NeighborhoodEstimated Value: $1,585,000 - $2,290,000
9
Beds
7
Baths
4,640
Sq Ft
$422/Sq Ft
Est. Value
Highlights
- Primary Bedroom Suite
- Gated Community
- No HOA
- Woodrow Wilson High School Rated A
- Contemporary Architecture
- Neighborhood Views
About This Home
As of June 2017ReMax CP Commercial is pleased to present 1060 Belmont Ave., a 4-unit Quadraplex property located in "No Rent Control" City of Long Beach, CA. With Excellent Upside, this Excellent and Rare property is a great investment opportunity. Built in 1972, Statewide model has obtained recent upgrades such 3 out of 4 units with granite kitchen/Restroom counters. The asset features One and 3 bedroom/2 bath with Master Suite unit, Two - 2 Bedroom/2 Bath units, One - 2 Bedroom/1 Bath, with three (3) garages and additional laundry income.
Property has been well-maintained and kept in great condition throughout the years. Recent renovations feature a newer roof, kitchen and bathroom upgrades granite counters and newer carpeting throughout all units.
Great ownership pride in personally screening all tenants. Tenants enjoy the great Long Beach life couple blocks away from Joe Rodgers Park, Willson High School and activities near Cal State Long Beach University. Location is centrally located to various amenities such as Belmont Shores, Seal Beach and under 2 miles away from the beach and other upcoming developments near downtown Long Beach.
Last Agent to Sell the Property
eXp Realty of California Inc. License #01433767 Listed on: 06/05/2017
Last Buyer's Agent
eXp Realty of California Inc. License #01433767 Listed on: 06/05/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,329
Year Built
- Built in 1972 | Remodeled
Lot Details
- 5,765 Sq Ft Lot
- Two or More Common Walls
- Wood Fence
- Density is 2-5 Units/Acre
Parking
- 3 Car Garage
- 3 Open Parking Spaces
- Parking Available
Home Design
- Contemporary Architecture
- Quadruplex
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 4,640 Sq Ft Home
- 2-Story Property
- Sliding Doors
- Living Room with Fireplace
- Carpet
- Neighborhood Views
- Laundry Room
Kitchen
- Electric Oven
- Electric Range
- Disposal
Bedrooms and Bathrooms
- 9 Bedrooms
- Primary Bedroom Suite
- 7 Bathrooms
Utilities
- Radiant Heating System
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number 7254007007
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $480
- Gardener Expense $600
- Insurance Expense $1,731
- Water Sewer Expense $3,600
- New Taxes Expense $8,606
- Operating Expense $15,017
- Gross Income $72,120
- Net Operating Income $57,103
Additional Features
- Laundry Facilities
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 5, 2017
Closed on
Jun 6, 2017
Sold by
Holliday Joseph W
Bought by
Sokha International Llc
Seller's Agent
Gay-Lynn Barnes
eXp Realty of California Inc.
Buyer's Agent
Gay-Lynn Barnes
eXp Realty of California Inc.
List Price
$1,299,000
Sold Price
$1,299,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$658,523
Avg. Annual Appreciation
5.81%
Purchase Details
Closed on
Feb 10, 2005
Sold by
Holliday Joseph W
Bought by
Holliday Joseph W and Joseph W Holliday Revocable Living Trust
Purchase Details
Closed on
Dec 31, 2001
Sold by
Stewart Craig T and Stewart Carol J
Bought by
Holliday Joseph W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
7.13%
Purchase Details
Closed on
Aug 23, 2001
Sold by
Stewart Marian E
Bought by
Stewart Craig T
Purchase Details
Closed on
Sep 19, 2000
Sold by
Thompson Antoinette and The Thompson Trust
Bought by
Stewart Craig T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,500
Interest Rate
4.95%
Purchase Details
Closed on
Feb 10, 1994
Sold by
Thompson Julius C and Thompson Antoinette
Bought by
Thompson Julius C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,500
Interest Rate
7.1%
Purchase Details
Closed on
Feb 1, 1994
Sold by
Stith Sam C and Mealer Janet L
Bought by
Thompson Julius C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,500
Interest Rate
7.1%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sokha International Llc | $1,299,000 | Lawyers Title | |
| Holliday Joseph W | -- | -- | |
| Holliday Joseph W | $550,000 | First Southwestern Title Co | |
| Stewart Craig T | -- | -- | |
| Stewart Craig T | $445,000 | Southland Title | |
| Thompson Julius C | -- | -- | |
| Thompson Julius C | $330,000 | Northern American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Holliday Joseph W | $436,000 | |
| Previous Owner | Holliday Joseph W | $440,000 | |
| Previous Owner | Stewart Craig T | $400,500 | |
| Previous Owner | Thompson Julius C | $214,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/13/2017 06/13/17 | Sold | $1,299,000 | 0.0% | $280 / Sq Ft |
| 06/05/2017 06/05/17 | For Sale | $1,299,000 | -- | $280 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $19,329 | $1,507,595 | $940,072 | $567,523 |
| 2024 | $19,329 | $1,478,036 | $921,640 | $556,396 |
| 2023 | $19,007 | $1,449,056 | $903,569 | $545,487 |
| 2022 | $17,843 | $1,420,644 | $885,852 | $534,792 |
| 2021 | $17,482 | $1,392,789 | $868,483 | $524,306 |
| 2019 | $17,233 | $1,351,929 | $842,724 | $509,205 |
| 2018 | $16,752 | $1,325,430 | $826,200 | $499,230 |
| 2016 | $8,608 | $686,357 | $187,185 | $499,172 |
| 2015 | $8,270 | $676,048 | $184,374 | $491,674 |
| 2014 | $8,225 | $662,806 | $180,763 | $482,043 |
Source: Public Records
Agents Affiliated with this Home
-
Gay-Lynn Barnes
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW17125216
APN: 7254-007-007
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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