NOT LISTED FOR SALE

Estimated Value: $2,065,000 - $2,394,000

6 Beds
3 Baths
3,084 Sq Ft
$731/Sq Ft Est. Value

Last Sold April 06, 2017

Last sale price $1,500,000 $486 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $13,421/month

9 Days on Market

Highlights

  • Wood Flooring
  • French Mullion Window
  • Laundry Room
  • Lowell Elementary School Rated A-
  • Double Pane Windows
  • Floor Furnace

About This Home

As of April 2017

Premier Spanish tri-plex in Belmont Shore. Each spacious 2 bedroom and 1 bath unit is very unique. All have formal dining rooms, hardwood floors and enclosed garages. Unit A includes a family room, its own laundry room and pantry area, a remodeled bath, charming built-in niches, casement windows and French doors. Unit B enjoys a front patio, casement windows and built-in niches, coved ceilings, alcoved tub/shower and a faux fireplace. Unit C has been beautifully remodeled with granite counters in the kitchen and bathroom. The kitchen also offers beautiful cherry wood cabinets, travertine floors and stainless appliances. There is a separate laundry room for units B and C. This well maintained property is perfect for an owner occupied or an investor looking to add a premier property to their portfolio. Current rents are low with upside potential. Located on a beautiful tree lined street in Belmont Shore this high demand rental area is just blocks to beaches, water activities, and 2nd Street with its trendy shops and restaurants and Cal State Long Beach.

Last Agent to Sell the Property

Loree Scarborough

Compass License #01257913 Listed on: 03/03/2017

Compass

Last Buyer's Agent

Loree Scarborough

Compass License #01257913 Listed on: 03/03/2017

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 3,375 Sq Ft Lot
  • No Common Walls
  • No Landscaping

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Triplex

Interior Spaces

  • 3,084 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • French Mullion Window
  • Casement Windows

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting

Utilities

  • Floor Furnace
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 15
  • Assessor Parcel Number 7247016026

Community Details

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $374
  • Insurance Expense $3,532
  • Maintenance Expense $1,000
  • Trash Expense $100
  • Water Sewer Expense $607
  • New Taxes Expense $17,823
  • Operating Expense $23,799
  • Gross Income $70,800
  • Net Operating Income $47,001

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

3,375 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Belmont Shore (BSD)
  • Water Sewer Expenses: 607.00
  • Zoning: LBR2S
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7247016026
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Price Per Square Foot: 486.38
  • Window Features: Casement Windows, Double Pane Windows, French/Mullioned

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace, Wall Furnace
  • Laundry Features: Community, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping, Walkstreet
  • Lot Size Sq Ft: 3375.00

Multi Family

  • Electric Expense: 374.00
  • Gross Income: 70800.00
  • Gross Scheduled Income: 70800.00
  • Insurance Expense: 3532.00
  • Maintenance Expense: 1000.00
  • Net Operating Income: 47001.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 23799.00
  • Rent Control: No
  • Total Actual Rent: 5900.00
  • Total Expenses: 23799.00

Tax Info

  • New Taxes Expense: 17823.00
  • Tax Census Tract: 5773.00
  • Tax Lot: 20
  • Tax Tract Number: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2017
Closed on
Mar 16, 2017
Sold by
Hudson Endeavors Llc
Bought by
Iz Management Llc
Seller's Agent
Loree Scarborough
Compass
Buyer's Agent
Loree Scarborough
Compass
List Price
$1,549,900
Sold Price
$1,500,000
Premium/Discount to List
-$49,900
-3.22%
Current Estimated Value
$2,253,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$753,974
Avg. Annual Appreciation
4.66%

Purchase Details

Closed on
Jun 4, 2008
Sold by
Hudson Karen Linda
Bought by
Hudson Endeavors Llc

Purchase Details

Closed on
Dec 28, 2007
Sold by
Hudson Karen
Bought by
Hudson Endeavors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 18, 2007
Sold by
Kaz Lisa A
Bought by
Hudson Karen Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 2007
Sold by
L2k Llc
Bought by
Kaz Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 18, 2004
Sold by
Kaz Lisa Allison and Lisa Allison Kaz Trust
Bought by
Lk2 Llc

Purchase Details

Closed on
Nov 21, 2002
Sold by
Kaz Lisa Allison and Lisa Allison Trust
Bought by
Kaz Lisa Allison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
6.28%

Purchase Details

Closed on
Jun 1, 2001
Sold by
Kaz Lisa
Bought by
Kaz Lisa Allison and Lisa Allison Kaz Trust

Purchase Details

Closed on
Jul 17, 2000
Sold by
Courtney Family Trust and Geraldine
Bought by
Kaz Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
8.7%
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
Iz Management Llc $1,500,000 Fidelity National Title
Hudson Endeavors Llc -- None Available
Hudson Endeavors Llc -- None Available
Hudson Karen Linda $1,100,000 Orange Coast Title Company
Kaz Lisa A -- Orange Coast Title Company
Lk2 Llc -- --
Kaz Lisa Allison -- Diversified Title & Escrow S
Kaz Lisa Allison -- Diversified Title & Escrow S
Kaz Lisa Allison -- --
Kaz Lisa $555,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hudson Karen Linda $550,000
Previous Owner Kaz Lisa Allison $475,000
Previous Owner Kaz Lisa Allison $300,700
Previous Owner Kaz Lisa $444,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2017 04/06/17 Sold $1,500,000 -3.2% $486 / Sq Ft
03/12/2017 03/12/17 Pending -- -- --
03/03/2017 03/03/17 For Sale $1,549,900 -- $503 / 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 $21,854 $1,740,874 $1,276,642 $464,232
2024 $21,854 $1,706,740 $1,251,610 $455,130
2023 $21,491 $1,673,275 $1,227,069 $446,206
2022 $20,158 $1,640,466 $1,203,009 $437,457
2021 $19,768 $1,608,301 $1,179,421 $428,880
2019 $19,485 $1,560,600 $1,144,440 $416,160
2018 $19,000 $1,530,000 $1,122,000 $408,000
2016 $14,585 $1,220,534 $854,375 $366,159
2015 $12,786 $1,095,000 $745,000 $350,000
2014 $12,936 $1,095,000 $745,000 $350,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17044079

California Regional Multiple Listing Service (CRMLS)

APN: 7247-016-026

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