NOT LISTED FOR SALE

Estimated Value: $1,618,421 - $2,122,000

4 Beds
4 Baths
3,624 Sq Ft
$524/Sq Ft Est. Value

Last Sold September 25, 2023

Last sale price $1,561,000 $431 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $11,626/month

250 Days on Market

Highlights

  • No HOA
  • Neighborhood Views
  • Ceiling Fan
  • Woodrow Wilson High School Rated A
  • Laundry Room
  • Floor Furnace

About This Home

As of September 2023

Located in the heart of Belmont Heights, we are pleased to present this opportunity to own 115 Euclid Ave.. This property includes four large 900 sq. ft. 1-bedroom / 1-bathroom units. 115 Euclid is a few blocks from the ocean and the shops on Second Street. With a walk score of 90, this is the most walkable zip code in Long Beach. The property has beautiful decorative fireplaces, wood built-ins, and aesthetic period detailing. The owner meticulously maintained the property's features and recently installed supports of the foundation, copper plumbing throughout the building as well as a large portion of new windows. Finally, there is an additional room on the roof that can be used as an office or artist studio, for additional income.

Last Agent to Sell the Property

Juan Huizar

Sage Real Estate Group, Inc. License #01417642 Listed on: 11/02/2022

Co-Listed By

Caleb Baldwin

INTI Realty License #02056751

Last Buyer's Agent

Dave Shorter

David Shorter, Broker License #01886301

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,195

Year Built

  • Built in 1923

Lot Details

  • 2,494 Sq Ft Lot
  • Desert faces the front of the property
  • No Common Walls
  • Rectangular Lot

Home Design

  • Quadruplex

Interior Spaces

  • 3,624 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Neighborhood Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Exterior Lighting

Utilities

  • Floor Furnace
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 9 / 78
  • Tax Tract Number 577
  • Assessor Parcel Number 7256005011

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Belmont Heights Subdivision

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,400
  • Water Sewer Expense $472
  • New Taxes Expense $24,971
  • Operating Expense $27,842
  • Gross Income $84,120
  • Net Operating Income $56,278

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,195

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 3.36
  • Property Attached: No
  • Subdivision Name Other: Belmont Heights (BH)
  • View: Yes
  • Water Sewer Expenses: 471.81
  • Zoning: LBR4R
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7256005011
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 430.74
  • Room Type: Kitchen

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Inside, Stackable
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Desert Front, Rectangular Lot
  • Lot Size Sq Ft: 2494.00
  • Lot Size Acres: 0.0573

Multi Family

  • Gross Income: 84120.00
  • Gross Multiplier: 19.91
  • Gross Scheduled Income: 84120.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 2494.0000 Square Feet
  • Net Operating Income: 56278.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 27842.00
  • Rent Control: Yes
  • Total Actual Rent: 6466.00
  • Total Expenses: 27842.00

Tax Info

  • New Taxes Expense: 24971.00
  • Tax Block: 78
  • Tax Census Tract: 5772.00
  • Tax Lot: 9
  • Tax Tract Number: 577...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2020
Sold by
Harry Ross Lekites Revocable Trust
Bought by
Hen-Mar Llc
Current Estimated Value
$1,899,605

Purchase Details

Closed on
Jun 17, 1996
Sold by
Lekites Robin L
Bought by
Lekites Harry
Source: Public Records

Range of Values:

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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
Hen-Mar Llc $1,575,000 Old Republic Title
Lekites Harry -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2023 09/25/23 Sold $1,561,000 -2.4% $431 / Sq Ft
07/10/2023 07/10/23 Pending -- -- --
06/26/2023 06/26/23 Price Changed $1,599,000 -4.5% $441 / Sq Ft
05/17/2023 05/17/23 Price Changed $1,675,000 -4.2% $462 / Sq Ft
03/31/2023 03/31/23 Price Changed $1,749,000 -2.8% $483 / Sq Ft
02/13/2023 02/13/23 Price Changed $1,799,000 -2.8% $496 / Sq Ft
12/02/2022 12/02/22 Price Changed $1,850,000 -7.4% $510 / Sq Ft
11/02/2022 11/02/22 For Sale $1,997,500 -- $551 / 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 $20,195 $1,592,220 $1,020,000 $572,220
2024 $20,195 $1,561,000 $1,000,000 $561,000
2023 $6,742 $483,411 $193,270 $290,141
2022 $6,340 $473,933 $189,481 $284,452
2021 $6,190 $464,641 $185,766 $278,875
2019 $6,098 $451,521 $180,257 $271,264
2018 $5,923 $442,682 $176,723 $265,959
2016 $5,433 $424,860 $169,861 $254,999
2015 $5,224 $418,479 $167,310 $251,169
2014 $5,202 $410,282 $164,033 $246,249
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22234630

California Regional Multiple Listing Service (CRMLS)

APN: 7256-005-011