Seller's Agent in 2018
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
2 in this area
203 Total Sales
116 Redondo Ave Long Beach, CA 90803
Belmont Heights Neighborhood
6
Beds
6
Baths
3,900
Sq Ft
1922
Built
Highlights
- Laundry Room
- Woodrow Wilson High School Rated A
- Level Lot
About This Home
As of May 2018All New Plumbing, All New Sewer Lines.
This 6 unit Trophy Property located in Belmont Heights complete with 4 garages and 3 extra parking spaces. This turn key property features an ideal unit mix with (2) 2 bed + 1 bath units (2) 1 bed/1 bath units and (2) studios. All of the units have been renovated with new floors and counter tops. The property is located directly across from Trolley Park and just steps to the ocean.
3 of the units come with a bonus "office" bedroom and the owner updated the plumbing on the two back studio properties this year. The sewer lines on both properties were replaced in the past year.
Rare opportunity to own in highly desirable Belmont Heights dream property with a market 5.35% Cap Rate and an attainable 13 GRM.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 01/08/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1922
Lot Details
- 4,984 Sq Ft Lot
- Two or More Common Walls
- Level Lot
- Density is 6-10 Units/Acre
Parking
- 4 Car Garage
Home Design
- Property Attached
Interior Spaces
- 3,900 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 5772
- Assessor Parcel Number 7264012003
Community Details
Building Details
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,365
- Professional Management Expense $4,560
- Water Sewer Expense $350
- New Taxes Expense $23,125
- Operating Expense $36,082
- Gross Income $92,400
- Net Operating Income $53,546
Additional Features
- 6 Units
- Laundry Facilities
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
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/30/2018 05/30/18 | Sold | $1,805,000 | +0.3% | $463 / Sq Ft |
| 03/02/2018 03/02/18 | Pending | -- | -- | -- |
| 02/26/2018 02/26/18 | Price Changed | $1,799,000 | -2.8% | $461 / Sq Ft |
| 01/12/2018 01/12/18 | Price Changed | $1,850,000 | -11.9% | $474 / Sq Ft |
| 01/08/2018 01/08/18 | For Sale | $2,100,000 | -- | $538 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Cameron Samimi
-
Todd McIntosh
Buyer's Agent in 2018
Todd McIntosh
Y Realty
(424) 401-7354
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18004955
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