NOT LISTED FOR SALE

Estimated Value: $1,566,000 - $1,809,000

4 Beds
2 Baths
2,152 Sq Ft
$787/Sq Ft Est. Value

Last Sold August 15, 2023

Last sale price $1,400,000 $651 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $10,340/month

23 Days on Market

Highlights

  • Ocean View
  • Beach Access
  • No HOA
  • Lowell Elementary School Rated A-
  • Granite Countertops
  • Balcony

About This Home

As of August 2023

Welcome to your coastal paradise in Belmont Shores, Long Beach, CA! This charming and captivating duplex is perfectly situated only one block north of the sandy shores, entwining lasting memories with the soothing sound of the ocean breeze. Each unit boasts 2 spacious bedrooms, 1 bathroom, and stylish, open-concept living areas to elevate your comfort and relaxation. Property is a stone's throw from the vibrant 2nd Street corridor, enjoy the best of local dining, unique boutiques, and lively social scene. Embrace the benefit of flexibility with this property, as it offers the opportunity for conversion into a grand single-family residence - or enhance the space even further by transforming the garages into an accessory dwelling unit (ADU). This excellent investment potential is further complemented by its prime location, merely 7 minutes away from the bustling Long Beach Convention Center. Attend or host events with ease, knowing you're situated in the heart of it all. Don't miss this rare opportunity to own an incredible piece of Belmont Shores real estate, where the beach town allure meets urban sophistication. Step inside and let the enchanting spirit of this duplex sweep you off your feet, welcoming you home to the beachside retreat you've always envisioned.

Last Agent to Sell the Property

Giovanni Gallardi

Cal American Homes License #01884714 Listed on: 06/12/2023

Last Buyer's Agent

Jack Yang

Re/Max Premier Prop SanMarino License #02013453

Re/Max Premier Prop SanMarino

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 3,154 Sq Ft Lot
  • Two or More Common Walls
  • West Facing Home
  • Vinyl Fence
  • Wood Fence
  • Chain Link Fence
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Rear-Facing Garage
  • Three Garage Doors
  • Garage Door Opener
  • Driveway Level

Property Views

  • Ocean
  • Coastline

Home Design

  • Duplex
  • Entry on the 1st floor
  • Additions or Alterations
  • Flat Roof Shape
  • Raised Foundation
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 2,152 Sq Ft Home
  • 2-Story Property
  • Panel Doors
  • Laundry Room

Kitchen

  • Granite Countertops
  • Tile Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Beach Access
  • Balcony
  • Exterior Lighting

Utilities

  • Wall Furnace
  • Overhead Utilities
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 9 / 7
  • Tax Tract Number 3750
  • Assessor Parcel Number 7256027008
  • $467 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Belmont Shore Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,329
  • Trash Expense $1,165
  • Water Sewer Expense $1,165
  • Operating Expense $4,659
  • Net Operating Income $58,821

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: Yes
  • Water Sewer Expenses: 1164.50
  • Zoning: LBR4R
  • Property Condition: Additions/Alterations
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7256027008
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Granite Counters, Tile Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Door Features: Panel Doors
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 650.56

Exterior Features

  • Direction Faces: West
  • Foundation: Raised, Slab
  • View: Coastline, Ocean
  • Fence: Yes
  • Fencing: Chain Link, Vinyl, Wood
  • Pool Private: No
  • Roof: Flat, Shingle
  • Spa: No
  • Construction Materials: Concrete, Drywall Walls, Frame, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Covered, Direct Garage Access, Driveway Level, Garage, Garage Faces Rear, Garage - Three Door, Garage Door Opener
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1164.50
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Utilities - Overhead, Walkstreet
  • Lot Size Sq Ft: 3154.00
  • Lot Size Acres: 0.0724

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 63480.00
  • Insurance Expense: 2329.00
  • Lot Size Area: 3154.0000 Square Feet
  • Net Operating Income: 58821.20
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 4658.80
  • Rent Control: No
  • Total Actual Rent: 5970.00
  • Total Expenses: 4658.80
  • Waterfront Features: Beach Access

Tax Info

  • Tax Block: 7
  • Tax Census Tract: 5773.00
  • Tax Lot: 9
  • Tax Tract Number: 3750
  • TaxOtherAnnualAssessmentAmount: 467.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2023
Closed on
Jul 13, 2023
Sold by
Galvan Daniel Dean and Galvan Karla Zaret
Bought by
Yang Jack
Seller's Agent
Giovanni Gallardi
Cal American Homes
Buyer's Agent
Jack Yang
Re/Max Premier Prop SanMarino
List Price
$1,349,900
Sold Price
$1,400,000
Premium/Discount to List
$50,100
3.71%
Views
93
Current Estimated Value
$1,694,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,545
Avg. Annual Appreciation
8.58%
Original Mortgage
$1,050,000
Outstanding Balance
$1,031,010
Interest Rate
8.25%
Mortgage Type
New Conventional
Estimated Equity
$663,535

Purchase Details

Listed on
Jul 28, 2015
Closed on
Jan 14, 2016
Sold by
Wroblewski Brian R
Bought by
Galvan Daniel Dean and Galvan Karla Zaret
Seller's Agent
Janie Sullivan
Coldwell Banker Realty
Buyer's Agent
Kevin Wheaton
K & K Group, Inc.
List Price
$999,000
Sold Price
$962,500
Premium/Discount to List
-$36,500
-3.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.17%
Original Mortgage
$770,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2014
Sold by
Wroblewski Brian R
Bought by
Wroblewski Family Revocable Trust

Purchase Details

Closed on
Aug 10, 2009
Sold by
Wroblewski Brian R
Bought by
Wroblewski Brian R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.17%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 2, 2002
Sold by
Kolsky Deanna
Bought by
Kolsky Jon M

Purchase Details

Closed on
Jul 31, 2002
Sold by
Kolsky Melissa
Bought by
Kolsky Steven D

Purchase Details

Closed on
May 17, 2002
Sold by
Kolsky Steven D and Kolsky Jon M
Bought by
Wroblewski Brian R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,200
Interest Rate
6.52%

Purchase Details

Closed on
Jul 8, 1997
Sold by
Kolsky Allan H and Kolsky Georgianna
Bought by
Kolsky Steven K

Purchase Details

Closed on
May 9, 1994
Sold by
Douglas Steve
Bought by
Douglass Tiffany
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
Yang Jack $1,400,000 Socal Title Company
Galvan Daniel Dean $962,500 Chicago Title Company
Wroblewski Family Revocable Trust -- None Available
Wroblewski Brian R -- First American Title Co La
Kolsky Jon M -- Commonwealth Title
Kolsky Steven D -- Commonwealth Title
Wroblewski Brian R $549,000 Commonwealth Title
Kolsky Steven K -- --
Douglass Tiffany -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yang Jack $1,050,000
Previous Owner Galvan Daniel Dean $770,000
Previous Owner Wroblewski Brian R $100,000
Previous Owner Wroblewski Brian R $439,200
Closed Wroblewski Brian R $19,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/15/2023 08/15/23 Sold $1,400,000 0.0% $651 / Sq Ft
07/05/2023 07/05/23 Pending -- -- --
07/05/2023 07/05/23 Off Market $1,400,000 -- --
06/12/2023 06/12/23 For Sale $1,349,900 +40.2% $627 / Sq Ft
03/11/2016 03/11/16 Sold $962,500 -3.7% $447 / Sq Ft View Prior Sale
01/11/2016 01/11/16 Pending -- -- --
07/28/2015 07/28/15 For Sale $999,000 -- $464 / 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 $17,854 $1,428,000 $1,020,000 $408,000
2024 $17,854 $1,400,000 $1,000,000 $400,000
2023 $14,107 $1,095,156 $796,478 $298,678
2022 $13,235 $1,073,683 $780,861 $292,822
2021 $12,978 $1,052,631 $765,550 $287,081
2019 $12,793 $1,021,412 $742,845 $278,567
2018 $12,450 $1,001,385 $728,280 $273,105
2016 $8,087 $671,669 $478,369 $193,300
2015 $7,760 $661,581 $471,184 $190,397
2014 $7,705 $648,623 $461,955 $186,668
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23103967

California Regional Multiple Listing Service (CRMLS)

APN: 7256-027-008