Seller's Agent in 2023
Callum Moloney
Coldwell Banker Realty
(562) 314-7335
1 in this area
43 Total Sales
130 Prospect Ave Long Beach, CA 90803
Belmont Shore NeighborhoodEstimated Value: $1,320,000 - $1,467,709
3
Beds
2
Baths
1,672
Sq Ft
$842/Sq Ft
Est. Value
Highlights
- Ocean Side of Freeway
- Wood Flooring
- No HOA
- Lowell Elementary School Rated A-
- Spanish Architecture
- Double Pane Windows
About This Home
As of December 2023Discover the best of coastal living with this exceptional Belmont Shores duplex, ideally situated less than 2 blocks from the beautiful beach. This unique property offers an incredible opportunity for both homeowners and investors, providing the perfect blend of location, convenience, and potential. This duplex presents an enticing investment opportunity, with the potential to increase your property's value through the addition of an Accessory Dwelling Unit (ADU). Whether you're a savvy investor or a homeowner looking to maximize your space, this property has the flexibility you need. This duplex is a diamond in the rough, ready to be transformed into a gem. With a little updating and some TLC, it has the potential to become a welcoming, stylish, and valuable property. Belmont Shore provides a relaxed and beach-centric lifestyle with a strong sense of community. It's an attractive place to call home for those who appreciate coastal living, a walkable neighborhood, and a variety of amenities and activities.
Last Agent to Sell the Property
Coldwell Banker Realty License #02060968 Listed on: 10/26/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 3,160 Sq Ft Lot
- No Common Walls
- Fenced
- Fence is in average condition
- Back and Front Yard
- Density is up to 1 Unit/Acre
Home Design
- Duplex
- Spanish Architecture
- Entry on the 1st floor
- Cosmetic Repairs Needed
- Fixer Upper
- Tile Roof
Interior Spaces
- 1,672 Sq Ft Home
- 2-Story Property
- Gas Fireplace
- Double Pane Windows
- Gas Oven
- Laundry Room
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Outdoor Features
- Ocean Side of Freeway
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 1 / 11
- Tax Tract Number 3750
- Assessor Parcel Number 7256029003
- $419 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Units
- Belmont Shore Subdivision
Recreation
- Bike Trail
Building Details
- 2 Leased Units
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $90
- Insurance Expense $300
- Water Sewer Expense $56
- New Taxes Expense $250
- Operating Expense $1,200
- Gross Income $49,200
- Net Operating Income $49,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 26, 2023
Closed on
Dec 7, 2023
Sold by
Kolesa Lawrence K
Bought by
Schowengerdt Katherine Lazar and Gilbert Stephanie Ranz
Seller's Agent
Callum Moloney
Coldwell Banker Realty
Buyer's Agent
Virginia Melendrez
T.N.G. Real Estate Consultants
List Price
$1,400,000
Sold Price
$1,256,000
Premium/Discount to List
-$144,000
-10.29%
Views
65
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,623
Avg. Annual Appreciation
5.50%
Original Mortgage
$879,200
Outstanding Balance
$862,455
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$545,222
Purchase Details
Closed on
Oct 6, 2022
Sold by
Kolesa Lawrence K
Bought by
Kolesa Lawrence K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$837,000
Interest Rate
5.66%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 6, 2002
Sold by
Kolesa Marilyn Williams
Bought by
Kolesa Lawrence K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,250
Interest Rate
5.26%
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
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Schowengerdt Katherine Lazar | $1,256,000 | Wfg National Title | |
| Kolesa Lawrence K | -- | Fidelity National Title | |
| Kolesa Lawrence K | -- | Gateway Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Schowengerdt Katherine Lazar | $879,200 | |
| Previous Owner | Kolesa Lawrence K | $837,000 | |
| Previous Owner | Kolesa Lawrence K | $401,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/15/2023 12/15/23 | Sold | $1,256,000 | -3.4% | $751 / Sq Ft |
| 11/20/2023 11/20/23 | Pending | -- | -- | -- |
| 11/07/2023 11/07/23 | Price Changed | $1,300,000 | -7.1% | $778 / Sq Ft |
| 10/26/2023 10/26/23 | For Sale | $1,400,000 | -- | $837 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $16,023 | $1,281,120 | $836,400 | $444,720 |
| 2024 | $16,023 | $1,256,000 | $820,000 | $436,000 |
| 2023 | $5,718 | $431,578 | $258,952 | $172,626 |
| 2022 | $5,370 | $423,117 | $253,875 | $169,242 |
| 2021 | $5,256 | $414,822 | $248,898 | $165,924 |
| 2019 | $5,179 | $402,819 | $241,516 | $161,303 |
| 2018 | $5,016 | $394,928 | $236,781 | $158,147 |
| 2016 | $4,609 | $379,306 | $227,588 | $151,718 |
| 2015 | $4,425 | $373,610 | $224,170 | $149,440 |
| 2014 | $4,398 | $366,292 | $219,779 | $146,513 |
Source: Public Records
Agents Affiliated with this Home
-
Callum Moloney
-
Virginia Melendrez
Buyer's Agent in 2023
Virginia Melendrez
T.N.G. Real Estate Consultants
(562) 505-7908
1 in this area
21 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC23199326
APN: 7256-029-003
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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.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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