NOT LISTED FOR SALE

127 Prospect Ave Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated Value: $1,825,000 - $2,655,000

6 Beds
4 Baths
2,740 Sq Ft
$807/Sq Ft Est. Value

Last Sold December 10, 2015

Last sale price $1,413,000 $516 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $13,356/month

2 Days on Market

About This Home

As of December 2015

Well kept, nicely-upgraded property in prime Belmont Shore, 2 blocks from the beach and walking distance to 2nd Street restaurants. Owner manages the building, and used to live in it; all upgrades done with great care. Two (2+1) units and two (1+1) units. Three parking spaces, two of which are garages. Upside in rents. Two units also have private outdoor space: a rooftop deck and a front yard. Granite, tile and hardwood floors in all units. All units have washer/dryer, refrigerator, stove. 3 units have a dishwasher.

Last Agent to Sell the Property

Mark Witsken

KW Advisors License #01884724 Listed on: 10/13/2015

KW Advisors

Last Buyer's Agent

Gary Krill

Compass License #01086159

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,135

Year Built

  • Built in 1946

Lot Details

  • 3,149

Parking

  • 1 Open Parking Space
  • 2 Car Garage
  • Assigned Parking

Interior Spaces

  • 2,740 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • 3,149 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 7256-028-014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,135

Year Built

Built in 1946

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2740
  • Price Per Unit: 350000.00
  • Stories: 2
  • Year Built: 1946
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dishwasher: 3
  • Number Range: 4
  • Number Refrigerator: 4
  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 520.07

Exterior Features

  • Tennis Court Y/N: No
  • Number Patio: 2
  • Pool: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 1
  • Covered Parking: 2
  • Parking Garage: Assigned
  • Total Parking: 3

Utilities

  • Electric Expense: 1095.00
  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 400000
  • Assessed Land Value: 660000
  • Assessor Parcel Number: 7256-028-014
  • Geocode Override: No
  • Lot Size Area: 3149

Rental Info

  • Land Lease Type: Fee
  • Monthly Gross Income: 7535.00
  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.76
  • Gross Scheduled Income: 90420.00
  • Number Of Units: 4
  • Total Annual Expense: 28647
  • Type Of Units: Apartments
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2016
Sold by
El Sayad Nabil
Bought by
Seaside Walk Llc
Current Estimated Value
$2,210,797

Purchase Details

Listed on
Oct 13, 2015
Closed on
Oct 22, 2015
Sold by
Guesno Lawrence
Bought by
El Sayad Nabil and El Sayad Beatriz
Seller's Agent
Mark Witsken
KW Advisors
Buyer's Agent
Gary Krill
Compass
List Price
$1,425,000
Sold Price
$1,413,000
Premium/Discount to List
-$12,000
-0.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.63%
Original Mortgage
$800,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2004
Sold by
The 127 Prospect Llc
Bought by
Guesno Lawrence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,078,800
Interest Rate
4.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 17, 2002
Sold by
Cain George Michael
Bought by
The 127 Prospect Llc

Purchase Details

Closed on
Nov 13, 2002
Sold by
Cain George Melvin
Bought by
The 127 Prospect Llc

Purchase Details

Closed on
Jul 23, 2002
Sold by
Cain Susan E
Bought by
Cain George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$596,250
Interest Rate
6.52%

Purchase Details

Closed on
Jul 2, 2002
Sold by
Wilson Stuart R
Bought by
Cain George Melvin and Cain George Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$596,250
Interest Rate
6.52%

Purchase Details

Closed on
Oct 13, 1998
Sold by
Finch Rayner Sheila
Bought by
Wilson Stuart R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,600
Interest Rate
6.42%
Mortgage Type
Assumption
Source: Public Records

Range of Values:

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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
Seaside Walk Llc -- None Available
El Sayad Nabil $1,413,000 Ticor Title Company
Guesno Lawrence -- Ticor Title Company
Guesno Lawrence $1,200,000 Orange Coast Title
The 127 Prospect Llc -- Fidelity National Title Co
The 127 Prospect Llc -- Fidelity National Title Co
Cain George -- Fidelity Title
Cain George Melvin $795,000 Fidelity Title
Wilson Stuart R $437,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner El Sayad Nabil $800,000
Previous Owner Guesno Lawrence $1,078,800
Previous Owner Cain George Melvin $596,250
Previous Owner Wilson Stuart R $349,600
Closed Wilson Stuart R $65,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2015 12/10/15 Sold $1,413,000 -0.8% $516 / Sq Ft
10/15/2015 10/15/15 Pending -- -- --
10/13/2015 10/13/15 For Sale $1,425,000 -- $520 / Sq Ft
Source: The MLS

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 $21,135 $1,672,699 $1,183,794 $488,905
2024 $21,135 $1,639,902 $1,160,583 $479,319
2023 $20,780 $1,607,748 $1,137,827 $469,921
2022 $19,493 $1,576,224 $1,115,517 $460,707
2021 $19,114 $1,545,319 $1,093,645 $451,674
2019 $18,841 $1,500,446 $1,061,208 $439,238
2018 $18,377 $1,471,045 $1,040,400 $430,645
2016 $16,911 $1,413,000 $1,000,000 $413,000
2015 $12,491 $1,060,000 $660,000 $400,000
2014 $12,642 $1,060,000 $660,000 $400,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Mark Witsken

    KW Advisors

    Section Image

  • G

    Buyer's Agent in 2015

    Gary Krill

    Compass

See All Agents

Map

Source: The MLS

MLS Number: 15-949665

The MLS

APN: 7256-028-014

California Los Angeles County Long Beach 90803 Belmont Shore

127 Prospect Ave, Long Beach, CA

This home is located at 127 Prospect Ave, Long Beach, CA 90803 since 13 October 2015 and is currently estimated at $2,210,797, approximately $806 per square foot. This property was built in 1946. 127 Prospect Ave is a home located in Los Angeles County with nearby schools including Lowell Elementary School, Rogers Middle School, and Woodrow Wilson High School.

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