NOT LISTED FOR SALE

115 La Verne Ave Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated Value: $1,513,451 - $1,715,000

4 Beds
2 Baths
1,942 Sq Ft
$838/Sq Ft Est. Value

Last Sold May 02, 2013

Last sale price $750,000 $386 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $9,359/month

6 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Carpet
  • Naples Bayside Academy Rated A
  • Laundry Room
  • Wall Furnace

About This Home

As of May 2013

Welcome to Belmont Shore! Great location, near the beach and 2nd Street, you can park your car and walk everywhere! This duplex's downstairs unit has 2 bedrooms, 1 3/4 baths with built ins, a dining area and a great front patio. The upstairs unit has 2 bedrooms, 1 1/2 bath (1/2 bath is a shower and sink) with a nice deck for relaxing on. There is a shared laundry in garage, and each unit is quite private.

Last Agent to Sell the Property

Kathy Richards

Sandpiper Properties License #01217097 Listed on: 03/08/2013

Co-Listed By

Aldo Zanier

Sandpiper Properties License #01195694

Last Buyer's Agent

Dan McGirr

CENTERPOINTE REALTY License #01227001

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 2,412 Sq Ft Lot
  • 1 Common Wall

Parking

  • 1 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,942 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Property is near public transit

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Tax Lot 20
  • Tax Tract Number 3750
  • Assessor Parcel Number 7247012022

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • Insurance Expense $1,696
  • New Taxes Expense $9,375
  • Gross Income $3,150
  • Net Operating Income $26,729

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

2,412 Sq Ft Lot

Parking

1

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 7247012022
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet
  • Levels: Two
  • Price Per Square Foot: 386.20

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, In Garage
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 2412.00
  • Lot Size Acres: 0.0550

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 3150.00
  • Gross Scheduled Income: 37800.00
  • Insurance Expense: 1696.00
  • Lot Size Area: 2412.0000 Square Feet
  • Net Operating Income: 26729.00
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 11071.00
  • Rent Control: No
  • Total Actual Rent: 3150.00

Tax Info

  • New Taxes Expense: 9375.00
  • Tax Lot: 20
  • Tax Tract Number: 3750

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2013
Sold by
Dietz Lee Anthony
Bought by
Dietz Lee A and The Lee A Dietz Living Trust
Current Estimated Value
$1,628,363

Purchase Details

Listed on
Mar 8, 2013
Closed on
Apr 4, 2013
Sold by
Dietz Mary Lou Robinett
Bought by
Dietz Lee Anthony
Seller's Agent
Kathy Richards
Sandpiper Properties
Buyer's Agent
Dan McGirr
CENTERPOINTE REALTY
List Price
$750,000
Sold Price
$750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.23%
Original Mortgage
$525,000
Outstanding Balance
$371,751
Interest Rate
3.54%
Mortgage Type
New Conventional
Estimated Equity
$1,256,612

Purchase Details

Listed on
Mar 8, 2013
Closed on
Mar 18, 2013
Sold by
Haz Lavonna Arlene
Bought by
Dietz Lee Anthony
Seller's Agent
Kathy Richards
Sandpiper Properties
Buyer's Agent
Dan McGirr
CENTERPOINTE REALTY
List Price
$750,000
Sold Price
$750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Outstanding Balance
$371,751
Interest Rate
3.54%
Mortgage Type
New Conventional
Estimated Equity
$1,256,612

Purchase Details

Closed on
Mar 3, 1998
Sold by
Westfall Sue Ann
Bought by
Hasz Lavonna Arlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,650
Interest Rate
7.15%

Purchase Details

Closed on
Feb 18, 1998
Sold by
Gaugh Floyd I
Bought by
Westfall Sue Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,650
Interest Rate
7.15%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Dietz Lee A -- None Available
Dietz Lee Anthony -- Western Resources Title Co
Dietz Lee Anthony $750,000 Western Resources Title Co
Hasz Lavonna Arlene $335,000 Gateway Title Company
Westfall Sue Ann -- Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dietz Lee Anthony $525,000
Closed Dietz Lee Anthony $525,000
Previous Owner Hasz Lavonna Arlene $290,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2013 05/02/13 Sold $750,000 0.0% $386 / Sq Ft
03/14/2013 03/14/13 Pending -- -- --
03/08/2013 03/08/13 For Sale $750,000 -- $386 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,641 $923,559 $738,852 $184,707
2024 $11,641 $905,451 $724,365 $181,086
2023 $11,448 $887,698 $710,162 $177,536
2022 $10,741 $870,293 $696,238 $174,055
2021 $10,531 $853,230 $682,587 $170,643
2019 $10,380 $827,925 $662,342 $165,583
2018 $10,108 $811,692 $649,355 $162,337
2016 $9,294 $780,175 $624,141 $156,034
2015 $8,916 $768,457 $614,766 $153,691
2014 $8,845 $753,405 $602,724 $150,681
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2013

    Kathy Richards

    Sandpiper Properties

  • Aldo Zanier

    Seller Co-Listing Agent in 2013

    Aldo Zanier

    Sandpiper Properties

    (562) 508-7303

    1 Total Sale

    Aldo Zanier
    Section Image
  • Dan McGirr

    Buyer's Agent in 2013

    Dan McGirr

    CENTERPOINTE REALTY

    (626) 664-5959

    1 in this area

    34 Total Sales

    Dan McGirr
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13039354

California Regional Multiple Listing Service (CRMLS)

APN: 7247-012-022

California Los Angeles County Long Beach 90803 Belmont Shore

115 La Verne Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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.

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