Seller's Agent in 2015
Loree Scarborough
Compass
(562) 225-0511
23 in this area
76 Total Sales
166 Prospect Ave Long Beach, CA 90803
Belmont Shore NeighborhoodEstimated Value: $1,440,000 - $1,849,000
2
Beds
3
Baths
2,075
Sq Ft
$783/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Private Yard
- Laundry Room
- Lowell Elementary School Rated A-
- Cooling Available
- Ceiling Fan
About This Home
As of June 2015Beautifully remodeled triplex in Belmont Shore. Totally renovated in 2003-2004 & painstakingly maintained. This is a real pride of ownership property. A perfect blend of original features with updated interiors throughout. Renovations include: copper plumbing, newer roof, upgraded electrical, interior / exterior painting & new low maintenance landscaping. Property consists of two 1 bedroom units & a single unit over the garages. All 3 units have new kitchens with appliances & updated cabinet space,new bathrooms, hardwood flooring, professionally organized closets & AC set up. Each 1 bedroom unit features the original built-ins. The charming studio with its separate entrance was thoughtfully redesigned. A large separate laundry room is adjacent to the garage. In addition to the 2 car garage there are 3 parking spaces, a huge plus in Belmont Shore! Upstairs 1 bedroom and studio currently used as vacation rentals and property furnishings can be purchased separately. Fabulous location one block from 2nd St and a few blocks to the ocean and bay. Amazing investor opportunity and/or live in one and rent out the other units!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,527
Year Built
- Built in 1924
Lot Details
- 3,153 Sq Ft Lot
- Property fronts an alley
- No Common Walls
- Sprinkler System
- Private Yard
Parking
- 2 Car Garage
Home Design
- Turnkey
- Plaster
- Stucco
Interior Spaces
- 2,075 Sq Ft Home
- Ceiling Fan
- Laundry Room
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 2 Bedrooms
- 3 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Cooling Available
- Space Heater
- Combination Of Heating Systems
Listing and Financial Details
- Tax Lot 6
- Tax Tract Number 3885
- Assessor Parcel Number 7256024006
Community Details
Overview
- 3 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $724
- Insurance Expense $1,500
- Trash Expense $300
- Water Sewer Expense $475
- New Taxes Expense $13,750
- Gross Income $73,050
- Net Operating Income $70,437
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 15, 2023
Sold by
Betz Family Trust
Bought by
Cathie Betz Family Revocable Living Trust and Bet
Current Estimated Value
Purchase Details
Listed on
May 1, 2015
Closed on
May 13, 2015
Sold by
Lum Albert G K
Bought by
Betz Family Trust
Seller's Agent
Loree Scarborough
Compass
Buyer's Agent
Rachelle Rosten
Douglas Elliman
List Price
$1,100,000
Sold Price
$1,100,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.71%
Purchase Details
Closed on
Mar 27, 2007
Sold by
Lum & Lum Properties Llc
Bought by
Lum Albert G K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$655,500
Interest Rate
8.83%
Mortgage Type
Negative Amortization
Purchase Details
Closed on
May 17, 2006
Sold by
Lum Albert G K and Lum Colleen J
Bought by
Lum & Lum Properties Llc
Purchase Details
Closed on
Dec 1, 2004
Sold by
Lum Albert G K and Lum Colleen J
Bought by
Lum Albert G K
Purchase Details
Closed on
Nov 1, 2003
Sold by
Lum Albert G K and Lum Colleen J
Bought by
Lum John
Purchase Details
Closed on
Jul 24, 2003
Sold by
Rosenthal Mark S and Rosenthal Marilyn A
Bought by
Lum Albert G K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 1, 2003
Sold by
Lum Albert G K and Lum Colleen J
Bought by
Lum Albert G K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.31%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Cathie Betz Family Revocable Living Trust | -- | None Listed On Document | |
| Cathie Betz Family Revocable Living Trust | -- | -- | |
| Betz Family Trust | $1,100,000 | Fidelity National Title | |
| Lum Albert G K | -- | Chicago Title | |
| Lum & Lum Properties Llc | -- | None Available | |
| Lum Albert G K | -- | -- | |
| Lum John | $50,000 | None Available | |
| Lum Albert G K | $680,000 | North American Title Co | |
| Lum Albert G K | -- | Stewart Title Of Ca Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lum Albert G K | $655,500 | |
| Previous Owner | Lum Albert G K | $544,000 | |
| Previous Owner | Lum Albert G K | $650,000 | |
| Previous Owner | Rosenthal Mark S | $195,000 | |
| Previous Owner | Rosenthal Mark S | $50,000 | |
| Previous Owner | Rosenthal Marilyn A | $185,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/24/2015 06/24/15 | Sold | $1,100,000 | 0.0% | $530 / Sq Ft |
| 05/08/2015 05/08/15 | Pending | -- | -- | -- |
| 05/01/2015 05/01/15 | For Sale | $1,100,000 | -- | $530 / 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 | $16,527 | $1,322,027 | $841,290 | $480,737 |
| 2024 | $16,527 | $1,296,106 | $824,795 | $471,311 |
| 2023 | $16,253 | $1,270,693 | $808,623 | $462,070 |
| 2022 | $15,243 | $1,245,778 | $792,768 | $453,010 |
| 2021 | $14,953 | $1,221,352 | $777,224 | $444,128 |
| 2019 | $14,740 | $1,185,128 | $754,172 | $430,956 |
| 2018 | $14,360 | $1,161,891 | $739,385 | $422,506 |
| 2016 | $13,214 | $1,116,775 | $710,675 | $406,100 |
| 2015 | $10,205 | $880,667 | $423,611 | $457,056 |
| 2014 | -- | $863,417 | $415,314 | $448,103 |
Source: Public Records
Agents Affiliated with this Home
-
Loree Scarborough
-
Rachelle Rosten
Buyer's Agent in 2015
Rachelle Rosten
Douglas Elliman
(310) 710-5151
68 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW15094040
APN: 7256-024-006
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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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