Richard Gaylord
Re/Max R. E. Specialists
(424) 300-8259
25 Total Sales
3 in Belmont Heights
$1.8M - $1.9M Price Range
11 S Termino Ave Long Beach, CA 90803
Belmont Heights Neighborhood
7
Beds
7
Baths
58,174
Sq Ft
0.8
Acre Lot
Highlights
- 0.8 Acre Lot
- Community Pool
- Laundry Facilities
- Lowell Elementary School Rated A-
About This Home
As of December 2019Welcome to Surf Terrace Apartments, a truly iconic 60-unit apartment building in the hidden gem beachside community known as Belmont Shore. Surf Terrace Apartments is perfectly situated along the Belmont Shore boardwalk, adjacent to Belmont Veterans Memorial Pier, providing many of the units with breathtaking ocean and pier views, while all of the residents are just steps to the sand. On the market for the first time ever, this once in a lifetime opportunity is desirably comprised of mostly 2 and 3-bedroom units. Surf Terrance apartments is just a half-mile from E. 2nd Street, a 15 block “main street” stretch offering quiet cafes, boutique shopping, countless dining options and a bustling nightlife that has something for everyone. Just 3 miles up the coast is Downtown Long Beach, a thriving hub that is experiencing a development boom, including a new civic center, an expanded aquarium, and updates to the iconic Queen Mary and surrounding retail. Surf Terrace is a staple of Belmont Shore and any investor will be proud to include it as part of their real estate portfolio.
Last Agent to Sell the Property
Morgan Skenderian License #01460301 Listed on: 09/30/2019
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 35,014 Sq Ft Lot
- No Common Walls
Parking
- 96 Car Garage
Home Design
- 58,174 Sq Ft Home
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 20 / 38
- Assessor Parcel Number 7256002018
Community Details
Recreation
- Community Pool
Building Details
- Rent Control
- 61 Separate Electric Meters
- 61 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $6,000
- Insurance Expense $30,926
- Maintenance Expense $66,730
- Other Expense $52,207
- Pool Expense $3,600
- Professional Management Expense $40,038
- New Taxes Expense $398,385
- Operating Expense $657,229
- Gross Income $24,540
- Net Operating Income $677,367
Additional Features
- 60 Units
- Laundry Facilities
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 30, 2019
Closed on
Nov 22, 2019
Sold by
Bought by
Seller's Agent
Damien Breaux
Morgan Skenderian
Buyer's Agent
Todd Hawke
Keller Williams Realty Downey
List Price
$33,000,000
Sold Price
$28,600,000
Premium/Discount to List
-$4,400,000
-13.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,300,000
Interest Rate
3.75%
Purchase Details
Listed on
Sep 30, 2019
Closed on
Nov 21, 2019
Sold by
Bought by
Seller's Agent
Damien Breaux
Morgan Skenderian
Buyer's Agent
Todd Hawke
Keller Williams Realty Downey
List Price
$33,000,000
Sold Price
$28,600,000
Premium/Discount to List
-$4,400,000
-13.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,300,000
Interest Rate
3.75%
Purchase Details
Listed on
Sep 30, 2019
Closed on
Nov 20, 2019
Sold by
Bought by
Seller's Agent
Damien Breaux
Morgan Skenderian
Buyer's Agent
Todd Hawke
Keller Williams Realty Downey
List Price
$33,000,000
Sold Price
$28,600,000
Premium/Discount to List
-$4,400,000
-13.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,300,000
Interest Rate
3.75%
Purchase Details
Closed on
Mar 16, 1994
Sold by
Bought by
Purchase Details
Closed on
Sep 6, 1966
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Belmont Heights, CA
-
Richard Gaylord
-
Bobejo Kelley
Bobejo Kelley
Keller Williams Premier Prop.
(424) 292-6160
65 Total Sales
1 in Belmont Heights
$740,000 Price
-
CHEVY ALA
CHEVY ALA
HOMEQUEST REAL ESTATE
(626) 602-8465
18 Total Sales
1 in Belmont Heights
$515,000 Price
-
Allison Van Wig
Allison Van Wig
Responds QuicklyKeller Williams Coastal Prop.
(562) 582-8861
237 Total Sales
5 in Belmont Heights
$490K - $1.3M Price Range
-
Ross Gagnon
Ross Gagnon
Coldwell Banker Realty
(949) 518-3075
39 Total Sales
3 in Belmont Heights
$1.3M - $1.4M Price Range
-
Lee Williams
Lee Williams
Real Brokerage Technologies, I
(424) 286-4971
37 Total Sales
1 in Belmont Heights
$768,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Ticor Title Company Of Ca | ||
| -- | None Available | ||
| -- | Ticor Title Company Of Ca | ||
| -- | Ticor Title Company Of Ca | ||
| -- | Ticor Title Company Of Ca | ||
| $28,600,000 | Ticor Title | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $16,550,000 | ||
| Closed | $11,750,000 | ||
| Closed | $14,300,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/04/2019 12/04/19 | Sold | $28,600,000 | -13.3% | $492 / Sq Ft |
| 11/06/2019 11/06/19 | Pending | -- | -- | -- |
| 09/30/2019 09/30/19 | For Sale | $33,000,000 | -- | $567 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $411,316 | $31,278,276 | $11,592,647 | $19,685,629 |
| 2024 | $393,502 | $30,664,978 | $11,365,341 | $19,299,637 |
| 2023 | $386,259 | $30,063,705 | $11,142,492 | $18,921,213 |
| 2022 | $362,272 | $29,474,221 | $10,924,012 | $18,550,209 |
| 2021 | $355,205 | $28,896,296 | $10,709,816 | $18,186,480 |
| 2019 | $44,527 | $2,791,273 | $692,328 | $2,098,945 |
| 2018 | $43,022 | $2,736,713 | $678,753 | $2,057,960 |
| 2016 | $39,314 | $2,622,084 | $652,398 | $1,969,686 |
| 2015 | $37,941 | $2,582,699 | $642,599 | $1,940,100 |
| 2014 | $38,011 | $2,532,109 | $630,012 | $1,902,097 |
Source: Public Records
Agents Affiliated with this Home
-
Damien Breaux
Seller's Agent in 2019
Damien Breaux
Morgan Skenderian
(949) 584-0503
44 Total Sales
-
Todd Hawke
Buyer's Agent in 2019
Todd Hawke
Keller Williams Realty Downey
(310) 774-3746
2 in this area
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19231556
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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