Seller's Agent in 2019
Lenny LaRocca
Compass
(310) 614-2958
58 Total Sales
15 38th Place Long Beach, CA 90803
Belmont Heights NeighborhoodEstimated Value: $4,090,000 - $4,891,868
7
Beds
7
Baths
6,482
Sq Ft
$703/Sq Ft
Est. Value
Highlights
- Beach Front
- Ocean View
- 0.32 Acre Lot
- Woodrow Wilson High School Rated A
- Above Ground Spa
- Property is near a park
About This Home
As of August 2019PRIME OCEAN FRONT PROPERTY - BELMONT SHORE! A rare opportunity to own beach front property that has been in the same family for generations, ocean frontage, private beach access and more. Currently there are 4 units with 6,482sf living on a super sized 13,729sf lot with 120ft beach frontage! Other features include 3 separate garages with 7 total parking spaces and additional street parking on the quiet cul-de-sac street. All units unobstructed ocean views, each has their own laundry and ALL enjoy its private ocean "park like" front garden area. Direct private access to the beach for your daily walks, running or biking. Close to everything just steps away from the Belmont Pier, restaurants, coffee shops and shopping. This property offers many options whether buying, hold and lease the current 4 units or consider redevelopment of the entire property building units or a super sized single family resident.
(Property also listed under residential see MLS ID#SB19019435.)
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $47,772
Year Built
- Built in 1953
Lot Details
- 0.32 Acre Lot
- Beach Front
- Property fronts a private road
- Two or More Common Walls
- Cul-De-Sac
- West Facing Home
- Wrought Iron Fence
- Chain Link Fence
- Flag Lot
- Private Yard
- Garden
Parking
- 7 Car Garage
Property Views
- Ocean
- Marina
- Coastline
- Harbor
- Views of a pier
- Catalina
- Panoramic
Home Design
- Traditional Architecture
- Property Attached
- Fixer Upper
- Raised Foundation
- Shingle Roof
- Composition Roof
- Stucco
Interior Spaces
- 6,482 Sq Ft Home
- Built-In Features
- Ceiling Fan
- Double Pane Windows
- Awning
- Sliding Doors
- Entryway
- Family Room
- Living Room with Fireplace
- Living Room Balcony
- Laundry Room
Kitchen
- Gas Oven
- Gas Cooktop
- Range Hood
- Dishwasher
- Granite Countertops
- Ceramic Countertops
- Laminate Countertops
- Formica Countertops
- Trash Compactor
- Disposal
Flooring
- Carpet
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Above Ground Spa
- Rain Gutters
Location
- Property is near a park
- Property is near public transit
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Legal Lot and Block 4 / 39
- Tax Tract Number 5772
- Assessor Parcel Number 7256001019
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 2 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- New Taxes Expense $56,188
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 22, 2023
Sold by
Thav Michael V and Thav Jocelyn C
Bought by
Michael Virak Thav And Jocelyn Chung Thav Liv and Thav
Current Estimated Value
Purchase Details
Listed on
Jan 25, 2019
Closed on
Jul 16, 2019
Sold by
Pennington Douglas Lee and Pennington Donna K
Bought by
Than Michael Virak and Than Joselyn Chung
Seller's Agent
Lenny LaRocca
Compass
Buyer's Agent
Lenny LaRocca
Compass
List Price
$4,495,000
Sold Price
$3,500,000
Premium/Discount to List
-$995,000
-22.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.97%
Original Mortgage
$2,000,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Dec 5, 2017
Sold by
Pennington Donna K
Bought by
Pennington Donna K and The Donna K Pennington Trust
Purchase Details
Closed on
Jan 14, 2010
Sold by
Pennington Douglas Lee and Pennington Donna Kay
Bought by
Pennington Douglas Lee and Pennington Donna K
Purchase Details
Closed on
Oct 30, 2009
Sold by
Pennington Douglas Lee and Pennington Donna Kay
Bought by
Pennington Douglas Lee and Pennington Donna K
Purchase Details
Closed on
Mar 6, 2000
Sold by
Emily Broner Trust and Alvin
Bought by
Pennington Alvin and The Emily Broner Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.38%
Mortgage Type
Credit Line Revolving
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 |
|---|---|---|---|
| Michael Virak Thav And Jocelyn Chung Thav Liv | -- | None Listed On Document | |
| Than Michael Virak | $3,500,000 | Fidelity National Title Co | |
| Pennington Donna K | -- | None Available | |
| Pennington Douglas Lee | -- | None Available | |
| Pennington Douglas Lee | -- | None Available | |
| Pennington Alvin | -- | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Than Michael Virak | $2,000,000 | |
| Previous Owner | Pennington Alvin | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/29/2019 08/29/19 | Sold | $3,500,000 | -22.1% | $540 / Sq Ft |
| 01/25/2019 01/25/19 | For Sale | $4,495,000 | -- | $693 / 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 | $47,772 | $3,827,759 | $2,187,291 | $1,640,468 |
| 2024 | $47,772 | $3,752,705 | $2,144,403 | $1,608,302 |
| 2023 | $46,987 | $3,679,123 | $2,102,356 | $1,576,767 |
| 2022 | $44,075 | $3,606,984 | $2,061,134 | $1,545,850 |
| 2021 | $43,233 | $3,536,260 | $2,020,720 | $1,515,540 |
| 2020 | $43,120 | $3,500,000 | $2,000,000 | $1,500,000 |
| 2019 | $5,657 | $369,855 | $211,634 | $158,221 |
| 2018 | $5,302 | $362,604 | $207,485 | $155,119 |
| 2017 | $5,249 | $355,495 | $203,417 | $152,078 |
| 2016 | $4,843 | $348,526 | $199,429 | $149,097 |
| 2015 | $4,668 | $343,292 | $196,434 | $146,858 |
| 2014 | $4,661 | $336,569 | $192,587 | $143,982 |
Source: Public Records
Agents Affiliated with this Home
-
Lenny LaRocca
-
Josh Flagg
Seller Co-Listing Agent in 2019
Josh Flagg
Compass
(310) 724-7100
144 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB19017891
APN: 7256-001-019
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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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