NOT LISTED FOR SALE

Estimated Value: $1,634,000 - $1,965,611

5 Beds
3 Baths
2,548 Sq Ft
$729/Sq Ft Est. Value

Last Sold June 12, 2018

Last sale price $1,394,000 $547 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $11,531/month

8 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Wood Flooring
  • Beamed Ceilings
  • Lowell Elementary School Rated A-
  • Spanish Architecture
  • Double Oven

About This Home

As of June 2018

Incredible opportunity to own a triplex in the heart of Belmont Shore! This Spanish-style 3 unit property is located on a quiet, non-through street, preventing traffic and parking problems! The "owner's unit" is a 2-bedroom, 1 bathroom with updated kitchen and breakfast nook, recessed lighting, two closets in master, and functional floor plan. Another 2-bedroom, 1 bath with the same layout plus remodeled bathroom is located directly upstairs. Above the 3-car garage lies a cozy 1 bedroom 1-bathroom unit. Tenants would love to stay! Community laundry on site. The building is surrounded by lush landscaping and beautifully maintained grounds, Located in the award winning Long Beach Unified School District with Lowell Elementary, Rogers Middle School and Wilson Classical High School! Steps away from the beach, bay, and all the fun of Second Street's shopping and restaurants!

Last Agent to Sell the Property

Christy Di Leo

Compass License #01797896 Listed on: 05/03/2018

Compass

Co-Listed By

Ellen Henry

Compass License #02000934

Last Buyer's Agent

Laura Winberg

Laura Winberg Real Estate License #01970381

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,680

Year Built

  • Built in 1928 | Remodeled

Lot Details

  • 3,163 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Cul-De-Sac
  • Fenced
  • Fence is in good condition

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Spanish Architecture
  • Property Attached
  • Composition Roof
  • Clay Roof
  • Copper Plumbing

Interior Spaces

  • 2,548 Sq Ft Home
  • Wainscoting
  • Beamed Ceilings
  • Ceiling Fan
  • Awning
  • Custom Window Coverings
  • Blinds
  • Bay Window
  • Garden Windows
  • Living Room
  • Wood Flooring
  • Laundry Room

Kitchen

  • Double Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Gravity Heating System
  • Natural Gas Connected
  • Gas Water Heater
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 12
  • Tax Tract Number 3885
  • Assessor Parcel Number 7256025015

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,740
  • Gardener Expense $600
  • Insurance Expense $1,800
  • Pest Control $540
  • Trash Expense $1,440
  • Water Sewer Expense $1,100
  • New Taxes Expense $7,335
  • Operating Expense $14,555
  • Net Operating Income $57,445

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,680

Year Built

Built in 1928 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Inclusions: All appliances, washer, dryer
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Belmont Shore (BSD)
  • Water Sewer Expenses: 1100.00
  • Zoning: LBR2S
  • Architectural Style: Spanish
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7256025015
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Beamed Ceilings, Ceiling Fan(s), Copper Plumbing Full, Wainscoting
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 547.10
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom
  • Window Features: Bay Window(s), Blinds, Custom Covering, Garden Window(s)

Exterior Features

  • Exterior Features: Awning(s)
  • Fence: Yes
  • Fencing: Good Condition
  • Pool Private: No
  • Roof: Clay, Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Disposal, Gas Water Heater, Microwave, Range Hood, Refrigerator
  • Heating Type: Gravity
  • Laundry Features: Community
  • Pest Control Expense: 540.00
  • Sewer: Sewer Paid
  • Trash Expense: 1440.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 3163.00

Rental Info

  • Garage Rental Rate: 150.00
  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 1740.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 1800.00
  • Net Operating Income: 57445.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 14555.00
  • Rent Control: No
  • Total Expenses: 14555.00

Tax Info

  • New Taxes Expense: 7335.00
  • Tax Census Tract: 5773.00
  • Tax Lot: 12
  • Tax Tract Number: 3885

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2018
Closed on
May 14, 2018
Sold by
Ellison Michele G and Ellison Jody E
Bought by
165 Prospect Llc
Seller's Agent
Christy Di Leo
Compass
Buyer's Agent
Laura Winberg
Laura Winberg Real Estate
List Price
$1,389,000
Sold Price
$1,394,000
Premium/Discount to List
$5,000
0.36%
Current Estimated Value
$1,856,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$462,403
Avg. Annual Appreciation
3.71%
Original Mortgage
$1,238,712
Outstanding Balance
$1,073,529
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$743,140

Purchase Details

Closed on
Feb 3, 2015
Sold by
Ellison Michael G and Ellison Jody E
Bought by
The Michael G Ellison & Jody E Ehison Fa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$639,700
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2014
Sold by
Ellison Michael G and Ellison Jody E
Bought by
Ellison Michael Gilbert and Warne Ellison Jody Emm

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$636,500
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2004
Sold by
Ellison Mike and Ellison Jody
Bought by
Ellison Michael G and Ellison Jody E

Purchase Details

Closed on
Jan 29, 2001
Sold by
Minlschmidt Eric
Bought by
Ellison Mike and Ellison Jody

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
7.08%
Source: Public Records

Range of Values:

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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
165 Prospect Llc $1,376,500 Ticor Title
The Michael G Ellison & Jody E Ehison Fa -- Accommodation
Ellison Michael G -- First American Title
Ellison Michael Gilbert -- First American Title Company
Ellison Michael G -- --
Ellison Mike -- Landsafe Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 165 Prospect Llc $1,238,712
Previous Owner Ellison Michael G $639,700
Previous Owner Ellison Michael Gilbert $636,500
Previous Owner Ellison Mike $35,000
Previous Owner Ellison Mike $590,000
Previous Owner Ellison Mike $483,000
Previous Owner Ellison Mike $455,000
Previous Owner Ellison Mike $32,500
Previous Owner Ellison Mike $50,000
Previous Owner Ellison Mike $405,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2018 06/12/18 Sold $1,394,000 +0.4% $547 / Sq Ft
05/11/2018 05/11/18 Pending -- -- --
05/03/2018 05/03/18 For Sale $1,389,000 -- $545 / 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 $19,680 $1,565,647 $1,137,827 $427,820
2024 $19,680 $1,534,949 $1,115,517 $419,432
2023 $19,352 $1,504,853 $1,093,645 $411,208
2022 $18,152 $1,475,347 $1,072,201 $403,146
2021 $17,801 $1,446,420 $1,051,178 $395,242
2020 $17,755 $1,431,590 $1,040,400 $391,190
2019 $17,547 $1,403,520 $1,020,000 $383,520
2018 $7,415 $580,040 $348,290 $231,750
2016 $6,813 $557,517 $334,766 $222,751
2015 $6,542 $549,144 $329,738 $219,406
2014 $6,502 $538,388 $323,279 $215,109
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18103201

California Regional Multiple Listing Service (CRMLS)

APN: 7256-025-015