NOT LISTED FOR SALE

177 Santa Ana Ave Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated Value: $1,624,000 - $1,761,000

3 Beds
4 Baths
2,344 Sq Ft
$716/Sq Ft Est. Value

Sale Details

Date Sold: April 16, 2018

Last sale price $1,135,000 $484 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $10,345 / mo

1 Day on Market

Highlights

  • Double Pane Windows
  • Naples Bayside Academy Rated A
  • Heating System Uses Natural Gas

About This Home

As of April 2018

Belmont Shore well maintained 4 unit building with alley access! Newer windows/sliders, fully occupied with mostly long-term tenants. Unit mix consists of a Studio and three 1-bedroom units. Please drive by only. Located close to 2nd Street, the units are easy to rent at top dollar. You can't go wrong with this building!

Last Agent to Sell the Property

Richard Daskam

Circle Real Estate License #01091037 Listed on: 03/14/2018

Circle Real Estate

Last Buyer's Agent

Richard Daskam

Circle Real Estate License #01091037 Listed on: 03/14/2018

Circle Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 2,407 Sq Ft Lot
  • No Common Walls
  • No Landscaping

Parking

  • 2 Parking Spaces

Interior Spaces

  • 2,344 Sq Ft Home
  • Double Pane Windows

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 7245001025

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Trash Expense $1,200
  • Water Sewer Expense $2,400
  • New Taxes Expense $13,750
  • Operating Expense $18,450
  • Gross Income $54,180
  • Net Operating Income $35,730

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

2,407 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Belmont Shore (BSD)
  • Water Sewer Expenses: 2400.00
  • Zoning: LBR2S
  • Property Type: Residential Income
  • Parcel Number: 7245001025
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 484.22
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: No Landscaping, Walkstreet
  • Lot Size Sq Ft: 2407.00

Multi Family

  • Gross Income: 54180.00
  • Gross Scheduled Income: 54180.00
  • Insurance Expense: 1100.00
  • Net Operating Income: 35730.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 18450.00
  • Rent Control: No
  • Total Actual Rent: 4515.00
  • Total Expenses: 18450.00

Tax Info

  • New Taxes Expense: 13750.00
  • Tax Census Tract: 5773.00
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2018
Closed on
Mar 30, 2018
Sold by
Yokoyama Robin
Bought by
Kim James Myunghoon and Kim Angela Jiyoun
Seller's Agent
Richard Daskam
Circle Real Estate
Buyer's Agent
Richard Daskam
Circle Real Estate
List Price
$1,145,000
Sold Price
$1,135,000
Premium/Discount to List
-$10,000
-0.87%
Current Estimated Value
$1,666,340

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$531,340
Avg. Annual Appreciation
5.02%
Original Mortgage
$851,250
Outstanding Balance
$731,891
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$945,511
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

Date Buyer Sale Price Title Company
Kim James Myunghoon $1,135,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim James Myunghoon $851,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2018 04/16/18 Sold $1,135,000 -0.9% $484 / Sq Ft
03/15/2018 03/15/18 Pending -- -- --
03/14/2018 03/14/18 For Sale $1,145,000 -- $488 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $16,447 $1,291,431 $1,024,044 $267,387
2024 $16,447 $1,266,110 $1,003,965 $262,145
2023 $16,168 $1,241,285 $984,280 $257,005
2022 $15,170 $1,216,947 $964,981 $251,966
2021 $14,870 $1,193,086 $946,060 $247,026
2019 $14,657 $1,158,460 $918,000 $240,460
2018 $1,924 $110,597 $62,246 $48,351
2016 $1,768 $105,574 $59,830 $45,744
2015 $1,710 $103,989 $58,932 $45,057
2014 $1,722 $101,953 $57,778 $44,175
Source: Public Records

Agents Affiliated with this Home

  • Richard Daskam

    Seller's Agent in 2018

    Richard Daskam

    Circle Real Estate

    (562) 857-1965

    102 Total Sales

    Richard Daskam
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18059669

California Regional Multiple Listing Service (CRMLS)

APN: 7245-001-025

California Los Angeles County Long Beach 90803 Belmont Shore

177 Santa Ana Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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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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