NOT LISTED FOR SALE

150 Prospect Ave Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated Value: $1,747,000 - $2,500,922

5 Beds
4 Baths
3,159 Sq Ft
$646/Sq Ft Est. Value

Last Sold May 19, 2015

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

Est. 47% increase in value since last sale

Current estimated payment $12,530/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

Golden Eagle Properties License #01214367

Last Buyer's Agent

John Carnes

Keller Williams Palos Verdes License #01914342

Property Details

Home Type

  • Multi-Family

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
  • Entry on the 1st floor
  • 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

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
  • 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
Feb 3, 2016
Sold by
Julian Leonard
Bought by
Julian Family Trust
Current Estimated Value
$2,041,481

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
3.74%
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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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
Previous Owner Julian Leonard $816,000
Previous Owner Batina Lawrence J $378,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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 $21,992 $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

    Golden Eagle Properties

    (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

Not Listed for Sale

MultiFamily

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