NOT LISTED FOR SALE

150 Prospect Ave Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated Value: $1,872,000 - $2,853,000

5 Beds
4 Baths
3,159 Sq Ft
$732/Sq Ft Est. Value

Last Sold May 19, 2015

Last sale price $1,385,000 $438 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $14,262/month

59 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Wall Furnace
  • Lowell Elementary School Rated A-
  • Laundry Room

About This Home

As of May 2015

Location, location, location! This Classic Mid Century Fourplex is really well located! Only 2 1/2 blocks to the beach, and public swimming pool, Bike and Walking Beach Trail and Dog Beach, One block to 2nd street with it's restaurants and shops, and 3 blocks to the tot lot!
This well maintained building is just what you are looking for!

Last Agent to Sell the Property

Debi Garcia-Benson

Coldwell Banker Realty License #00781667 Listed on: 01/16/2015

Co-Listed By

Dave Stockton

National Realty Group License #01214367

Last Buyer's Agent

John Carnes

Keller Williams Palos Verdes License #01914342

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,053

Year Built

  • Built in 1955

Lot Details

  • 3,147 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard Sprinklers
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Composition Roof

Interior Spaces

  • 3,159 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 11
  • Tax Tract Number 3885
  • Assessor Parcel Number 7256024011

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $480
  • Gardener Expense $1,080
  • Insurance Expense $2,010
  • Other Expense $1,000
  • Water Sewer Expense $900
  • New Taxes Expense $18,562
  • Gross Income $6,370

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,053

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: No
  • Water Sewer Expenses: 900.00
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 7256024011
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Entry Location: Ground Level With Steps
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 438.43

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Sprinklers In Front
  • Lot Size Sq Ft: 3147.00
  • Lot Size Acres: 0.0720

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 480.00
  • Gross Income: 6370.00
  • Gross Multiplier: 18.94
  • Gross Scheduled Income: 75780.00
  • Insurance Expense: 2010.00
  • Lot Size Area: 3147.0000 Square Feet
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Other Expense: 1000.00
  • Other Expense Description: misc
  • Rent Control: No
  • Total Actual Rent: 6370.00

Tax Info

  • New Taxes Expense: 18562.00
  • Tax Lot: 11
  • Tax Tract Number: 3885
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2021
Sold by
Julian Leonard
Bought by
Julian Leonard S and Julian Family Trust
Current Estimated Value
$2,313,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Outstanding Balance
$765,803
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$1,586,341

Purchase Details

Closed on
Feb 3, 2016
Sold by
Julian Leonard
Bought by
Julian Family Trust

Purchase Details

Listed on
Jan 16, 2015
Closed on
Mar 25, 2015
Sold by
Batina Lawrence J
Bought by
Julian Leonard
Seller's Agent
Debi Garcia-Benson
Coldwell Banker Realty
Buyer's Agent
John Carnes
Keller Williams Palos Verdes
List Price
$1,485,000
Sold Price
$1,385,000
Premium/Discount to List
-$100,000
-6.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.27%
Original Mortgage
$816,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 15, 2013
Sold by
Batina Lawrence J
Bought by
Batina Lawrence J and Hoffmann Nina

Purchase Details

Closed on
Feb 27, 2004
Sold by
Batina Lawrence J
Bought by
Batina Lawrence J and The Lawrence J Batina Family Trust

Purchase Details

Closed on
Apr 28, 2000
Sold by
Grubb Roberta
Bought by
Batina Lawrence J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
8.35%

Purchase Details

Closed on
May 18, 1999
Sold by
Grubb Roberta
Bought by
Grubb Roberta G and Roberta G Grubb Trust
Source: Public Records

Range of Values:

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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
Julian Leonard S -- Accommodation
Julian Leonard -- Fidelity National Title Co
Julian Family Trust -- None Available
Julian Leonard $1,385,000 Fatcola
Batina Lawrence J -- None Available
Batina Lawrence J -- --
Batina Lawrence J $472,500 First American Title Co
Grubb Roberta G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Julian Leonard $840,000
Previous Owner Julian Leonard $816,000
Previous Owner Batina Lawrence J $176,482
Previous Owner Batina Lawrence J $375,000
Previous Owner Batina Lawrence J $378,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2015 05/19/15 Sold $1,385,000 -6.7% $438 / Sq Ft
03/16/2015 03/16/15 Pending -- -- --
01/16/2015 01/16/15 For Sale $1,485,000 -- $470 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $21,053 $1,664,553 $1,201,846 $462,707
2024 $21,053 $1,631,916 $1,178,281 $453,635
2023 $20,700 $1,599,919 $1,155,178 $444,741
2022 $19,419 $1,568,549 $1,132,528 $436,021
2021 $19,038 $1,537,794 $1,110,322 $427,472
2020 $18,989 $1,522,307 $1,098,938 $423,369
2019 $18,766 $1,492,465 $1,077,391 $415,074
2018 $18,306 $1,463,207 $1,056,266 $406,941
2016 $16,842 $1,406,121 $1,015,250 $390,871
2015 $7,374 $604,243 $361,908 $242,335
2014 $7,335 $592,407 $354,819 $237,588
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    Debi Garcia-Benson

    Coldwell Banker Realty

  • D

    Seller Co-Listing Agent in 2015

    Dave Stockton

    National Realty Group

    (951) 401-1319

    1 in this area

    24 Total Sales

    Dave Stockton
    Section Image

  • J

    Buyer's Agent in 2015

    John Carnes

    Keller Williams Palos Verdes

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15011316

California Regional Multiple Listing Service (CRMLS)

APN: 7256-024-011

California Los Angeles County Long Beach 90803 Belmont Shore

150 Prospect Ave, Long Beach, CA

This home is located at 150 Prospect Ave, Long Beach, CA 90803 since 16 January 2015 and is currently estimated at $2,313,471, approximately $732 per square foot. This property was built in 1955. 150 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.

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

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