NOT LISTED FOR SALE

148 Covina Ave Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated Value: $2,002,000 - $2,378,000

6 Beds
4 Baths
2,856 Sq Ft
$773/Sq Ft Est. Value

Sale Details

Date Sold: March 5, 2013

Last sale price $1,250,000 $438 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $13,601 / mo

578 Days on Market

Highlights

  • Traditional Architecture
  • Naples Bayside Academy Rated A
  • No Heating

About This Home

As of March 2013

Pride of ownership. OWNER WILL CARRY! Rare mix with 3 - 2 bedrooms + one large studio. Extensive upgrades in the last few years. Would make a great home and income. Located in the 100 block of Covina in between the ocean and the night life on 2nd street. See Agent Remarks!!

Last Agent to Sell the Property

Marty Stone

Buckingham Investments License #00416755 Listed on: 07/03/2011

Last Buyer's Agent

John Gazdik

Real Estate West, Inc. License #00551752

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 2,570

Parking

  • 2 Parking Spaces

Home Design

  • 2,856 Sq Ft Home
  • Traditional Architecture
  • Brick Exterior Construction
  • Stucco

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 3885
  • Assessor Parcel Number 7247007019

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Water Sewer Expense $1,800
  • New Taxes Expense $13,320
  • Gross Income $5,660
  • Net Operating Income $48,720

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

2,570 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 3.90
  • View: No
  • Water Sewer Expenses: 1800.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 7247007019
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 437.68

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Brick

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Gross Income: 5660.00
  • Gross Multiplier: 18.40
  • Gross Scheduled Income: 67920.00
  • Insurance Expense: 1800.00
  • Net Operating Income: 48720.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 19200.00

Tax Info

  • New Taxes Expense: 13320.00
  • Tax Lot: 20
  • Tax Tract: Belmont Shore
  • Tax Tract Number: 3885

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 21, 2019
Sold by
Bought by
Current Estimated Value
$2,207,752

Purchase Details

Closed on
May 6, 2019
Sold by
Bought by

Purchase Details

Closed on
Jun 16, 2016
Sold by
Bought by

Purchase Details

Closed on
Jun 14, 2016
Sold by
Bought by

Purchase Details

Listed on
Jul 3, 2011
Closed on
Mar 25, 2013
Sold by
Bought by
Seller's Agent
Marty Stone
Buckingham Investments
Buyer's Agent
John Gazdik
Real Estate West, Inc.
List Price
$1,600,000
Sold Price
$1,250,000
Premium/Discount to List
-$350,000
-21.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.39%
Original Mortgage
$864,431
Interest Rate
3.49%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Jul 3, 2011
Closed on
Mar 4, 2013
Sold by
Bought by
Seller's Agent
Marty Stone
Buckingham Investments
Buyer's Agent
John Gazdik
Real Estate West, Inc.
List Price
$1,600,000
Sold Price
$1,250,000
Premium/Discount to List
-$350,000
-21.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$864,431
Interest Rate
3.49%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Jul 3, 2011
Closed on
Mar 2, 2013
Sold by
Bought by
Seller's Agent
Marty Stone
Buckingham Investments
Buyer's Agent
John Gazdik
Real Estate West, Inc.
List Price
$1,600,000
Sold Price
$1,250,000
Premium/Discount to List
-$350,000
-21.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$864,431
Interest Rate
3.49%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 25, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$904,000
Interest Rate
7.7%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 17, 1999
Sold by
Bought by

Purchase Details

Closed on
Nov 14, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
7.16%

Purchase Details

Closed on
Mar 7, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- None Available
-- First American Title Ins Co
$1,449,000 First American Title Ins Co
-- First American Title Company
-- First American Title Company
$330,000 First American Title Company
$1,130,000 Progressive Title Company
-- --
$355,000 Fidelity National Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $864,431
Previous Owner $904,000
Previous Owner $284,000
Closed $35,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/05/2013 03/05/13 Sold $1,250,000 -21.9% $438 / Sq Ft
01/31/2013 01/31/13 Pending -- -- --
07/03/2011 07/03/11 For Sale $1,600,000 -- $560 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $22,607 $1,715,316 $1,065,414 $649,902
2024 $21,641 $1,681,683 $1,044,524 $637,159
2023 $21,278 $1,648,710 $1,024,044 $624,666
2022 $19,959 $1,616,383 $1,003,965 $612,418
2021 $19,570 $1,584,690 $984,280 $600,410
2020 $19,520 $1,569,542 $974,188 $595,354
2019 $19,290 $1,538,789 $955,087 $583,702
2018 $18,832 $1,508,639 $936,360 $572,279
2016 $14,936 $1,242,040 $825,946 $416,094
2015 $14,330 $1,223,384 $813,540 $409,844
2014 $14,228 $1,199,420 $797,604 $401,816
Source: Public Records

Agents Affiliated with this Home

  • Marty Stone

    Seller's Agent in 2013

    Marty Stone

    Buckingham Investments

    (310) 322-9763

    6 Total Sales

    Marty Stone
    Section Image
  • John Gazdik

    Buyer's Agent in 2013

    John Gazdik

    Real Estate West, Inc.

    (562) 424-7310

    12 Total Sales

    John Gazdik
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P787766

California Regional Multiple Listing Service (CRMLS)

APN: 7247-007-019

California Los Angeles County Long Beach 90803 Belmont Shore

148 Covina Ave, Long Beach, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.

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

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.