NOT LISTED FOR SALE

162 Park Ave Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated Value: $1,439,000 - $1,758,088

4 Beds
2 Baths
2,152 Sq Ft
$748/Sq Ft Est. Value

Sale Details

Date Sold: March 20, 2020

Last sale price $1,218,000 $566 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $10,099 / mo

24 Days on Market

Highlights

  • Open Floorplan
  • Property is near park
  • Lawn
  • Lowell Elementary School Rated A-
  • Wood Flooring
  • 4-minute walk to Livingston Drive Park

About This Home

As of March 2020

Wonderfully situated in the heart of Belmont Shore, this Spanish style inspired duplex is only a few blocks from the beach, great restaurants, trendy shops,boutiques & more! West of 2nd St., it’s a desirable place for a homeowner or investor!
Each unit has been remodeled, the upstairs unit has 2 bedrooms, 1 bath, hardwood floors, newer paint, ceiling fans throughout, and great ocean breezes with the open floor plan.
The downstairs unit has 2 bedrooms, 1 bath, hardwood floors, newer paint ceiling fans throughout and has been remodeled with open floor plan.
The duplex includes 2 single garages.
There is plenty of storage and great closet space. The laundry area is conveniently located right off each kitchen, and both units can enjoy the wonderful, enclosed gated backyard for relaxing, or entertaining or barbecues.
What a great Belmont Shore lifestyle,,!
Don’t miss your chance to own this terrific property!

Last Agent to Sell the Property

Devra Zandell

Estate Properties License #01418217 Listed on: 02/05/2020

Estate Properties

Last Buyer's Agent

Christian Antillon

Keller Williams Realty Riv License #02057664

Keller Williams Realty Riv

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936 | Remodeled

Lot Details

  • 2,889 Sq Ft Lot
  • 1 Common Wall
  • Lawn
  • Back Yard

Parking

  • 2 Car Garage
  • Driveway
  • On-Street Parking

Home Design

  • Property Attached
  • Turnkey

Interior Spaces

  • 2,152 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Library
  • Wood Flooring
  • Neighborhood Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Additional Features

  • Living Room Balcony
  • Property is near park

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 13
  • Tax Tract Number 3885
  • Assessor Parcel Number 7247001013

Community Details

Overview

  • 2 Units

Recreation

  • Bike Trail

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $3,528
  • Trash Expense $672
  • Water Sewer Expense $672
  • Operating Expense $6,072
  • Gross Income $56,400
  • Net Operating Income $50,328

Property Details

Home Type

Multi-Family

Year Built

Built in 1936 | Remodeled

Lot Details

2,889 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: Yes
  • Water Sewer Expenses: 672.00
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7247001013
  • Year Built: 1936
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony, Ceiling Fan(s), Living Room Balcony, Open Floorplan
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Price Per Square Foot: 565.99
  • Room Type: Kitchen, Library, Master Bedroom

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking Features: Driveway, Garage, Street
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Inside, Stackable
  • Sewer: Public Sewer
  • Trash Expense: 672.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Lawn, Park Nearby
  • Lot Size Sq Ft: 2889.00
  • Lot Size Acres: 0.0663

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average2 Bed Area: 500 Square Feet
  • Gross Income: 56400.00
  • Gross Scheduled Income: 56400.00
  • Insurance Expense: 3528.00
  • Lot Size Area: 2889.0000 Square Feet
  • Net Operating Income: 50328.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 6072.00
  • Rent Control: No
  • Total Actual Rent: 4700.00
  • Total Expenses: 6072.00

Tax Info

  • Tax Lot: 13
  • 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

Listed on
Feb 5, 2020
Closed on
Mar 11, 2020
Sold by
Bought by
Seller's Agent
Devra Zandell
Estate Properties
Buyer's Agent
Christian Antillon
Keller Williams Realty Riv
List Price
$1,215,000
Sold Price
$1,218,000
Premium/Discount to List
$3,000
0.25%
Current Estimated Value
$1,610,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$392,522
Avg. Annual Appreciation
4.53%
Original Mortgage
$180,000
Outstanding Balance
$151,896
Interest Rate
3.4%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,458,626

Purchase Details

Closed on
Sep 12, 2012
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
$531,750
Interest Rate
3.37%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$1,218,000 Progressive Title Co
$709,000 Fidelity National Title Co
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
Open $180,000
Open $913,500
Previous Owner $531,750
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
03/20/2020 03/20/20 Sold $1,218,000 +0.2% $566 / Sq Ft
02/05/2020 02/05/20 For Sale $1,215,000 -- $565 / 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 $17,406 $1,332,055 $938,345 $393,710
2024 $16,678 $1,305,938 $919,947 $385,991
2023 $16,402 $1,280,332 $901,909 $378,423
2022 $15,384 $1,255,228 $884,225 $371,003
2021 $15,089 $1,230,617 $866,888 $363,729
2020 $10,012 $798,317 $534,840 $263,477
2019 $9,895 $782,664 $524,353 $258,311
2018 $9,623 $767,319 $514,072 $253,247
2016 $8,848 $737,525 $494,111 $243,414
2015 $8,489 $726,447 $486,689 $239,758
2014 $8,347 $712,218 $477,156 $235,062
Source: Public Records

Agents Affiliated with this Home

  • Devra Zandell

    Seller's Agent in 2020

    Devra Zandell

    RE/MAX

    (310) 408-4247

    33 Total Sales

    Devra Zandell
    Section Image

  • C

    Buyer's Agent in 2020

    Christian Antillon

    Keller Williams Realty Riv

    (951) 729-3340

    7 Total Sales

    Christian Antillon
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20023578

California Regional Multiple Listing Service (CRMLS)

APN: 7247-001-013

California Los Angeles County Long Beach 90803 Belmont Shore

162 Park Ave, Long Beach, CA

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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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