NOT LISTED FOR SALE

177 Covina Ave Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated Value: $1,591,000 - $1,830,000

5 Beds
2 Baths
2,032 Sq Ft
$838/Sq Ft Est. Value

Last Sold October 05, 2021

Last sale price $1,430,000 $704 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $10,779/month

35 Days on Market

Highlights

  • Laundry Room
  • Naples Bayside Academy Rated A
  • Rectangular Lot

About This Home

As of October 2021

Welcome to the rare opportunity to live in the highly sought after Belmont Shore of Long Beach California. This charming Spanish duplex has 2 bedrooms/1 bath on first floor unit, and 3 bedrooms/ 1 bath on second floor unit. Private 2 car garage. Good for owner occupant and investors as well.
What a perfect location, moments from Alamitos Bay, and just a walk away to 2nd street with its shops and restaurants.

Last Agent to Sell the Property

Frank Granados

Towne Center Realtors, Inc. License #01075513 Listed on: 07/13/2021

Last Buyer's Agent

Michael Bowling

Realuxe Real Estate Group License #01740401

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,914

Year Built

  • Built in 1931

Lot Details

  • 2,401 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • 2,032 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 27 / 30
  • Tax Tract Number 3885
  • Assessor Parcel Number 7247006027

Community Details

Overview

  • 2 Units
  • Belmont Shore Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,914

Year Built

Built in 1931

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: 562-619-0785
  • Property Attached: No
  • Subdivision Name Other: Belmont Shore (BSD)
  • Zoning: LBR2S
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7247006027
  • Year Built: 1931
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 703.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 2401.00
  • Lot Size Acres: 0.0551

Multi Family

  • Gross Scheduled Income: 48000.00
  • Lot Size Area: 2401.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Block: 30
  • Tax Census Tract: 5773.00
  • Tax Lot: 27
  • Tax Tract Number: 3885

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2021
Closed on
Sep 2, 2021
Sold by
Nevarez Theresa
Bought by
Lopez Sammy S
Seller's Agent
Frank Granados
Towne Center Realtors, Inc.
Buyer's Agent
Michael Bowling
Realuxe Real Estate Group
List Price
$1,599,000
Sold Price
$1,430,000
Premium/Discount to List
-$169,000
-10.57%
Current Estimated Value
$1,702,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,244
Avg. Annual Appreciation
5.02%
Original Mortgage
$1,050,000
Outstanding Balance
$959,577
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$773,431

Purchase Details

Closed on
Jun 21, 2006
Sold by
Jacobs Michael C and Jacobs Christine S
Bought by
Nevarez Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$912,000
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 16, 2003
Sold by
Wallace Robert Bruce
Bought by
Jacobs Michael C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 16, 2002
Sold by
Wallace Kristin K
Bought by
Wallace Robert Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 15, 2002
Sold by
Wallace Alice Anne
Bought by
Wallace Robert Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 1998
Sold by
Marian F D Braunstein Trust and Eric Landon
Bought by
Wallace Robert Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
7.06%
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
Lopez Sammy S $1,430,000 Provident Title Company
Nevarez Theresa $1,140,000 North American Title Co
Jacobs Michael C $700,000 North American Title Co
Wallace Robert Bruce -- Fidelity National Title
Wallace Robert Bruce -- Fidelity National Title
Wallace Robert Bruce $320,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Sammy S $200,000
Open Lopez Sammy S $1,050,000
Previous Owner Nevarez Theresa $912,000
Previous Owner Jacobs Michael C $750,000
Previous Owner Jacobs Michael C $560,000
Previous Owner Wallace Robert Bruce $370,000
Previous Owner Wallace Robert Bruce $370,000
Previous Owner Wallace Robert Bruce $256,000
Closed Wallace Robert Bruce $32,000
Closed Jacobs Michael C $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2021 10/05/21 Sold $1,430,000 -8.0% $704 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
08/07/2021 08/07/21 Price Changed $1,555,000 -2.8% $765 / Sq Ft
07/13/2021 07/13/21 For Sale $1,599,000 -- $787 / 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 $18,914 $1,517,527 $986,923 $530,604
2024 $18,914 $1,487,772 $967,572 $520,200
2023 $18,600 $1,458,600 $948,600 $510,000
2022 $17,443 $1,430,000 $930,000 $500,000
2021 $17,135 $1,411,034 $668,385 $742,649
2019 $16,888 $1,369,184 $648,561 $720,623
2018 $16,471 $1,342,339 $635,845 $706,494
2016 $15,150 $1,290,216 $611,155 $679,061
2015 $14,527 $1,270,836 $601,975 $668,861
2014 $14,408 $1,245,943 $590,184 $655,759
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2021

    Frank Granados

    Towne Center Realtors, Inc.

    (562) 265-3235

    1 in this area

    29 Total Sales

    Frank Granados
    Section Image

  • M

    Buyer's Agent in 2021

    Michael Bowling

    Realuxe Real Estate Group

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS21152202

California Regional Multiple Listing Service (CRMLS)

APN: 7247-006-027

California Los Angeles County Long Beach 90803 Belmont Shore

177 Covina Ave, Long Beach, CA

This home is located at 177 Covina Ave, Long Beach, CA 90803 since 13 July 2021 and is currently estimated at $1,702,244, approximately $837 per square foot. This property was built in 1931. 177 Covina Ave is a home located in Los Angeles County with nearby schools including Naples Bayside Academy, 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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