20 Nieto Ave Long Beach, CA 90803
Belmont Shore NeighborhoodEstimated Value: $1,525,909 - $1,780,000
4
Beds
2
Baths
1,536
Sq Ft
$1,069/Sq Ft
Est. Value
Highlights
- Ocean View
- Property is near public transit
- Wood Flooring
- Naples Bayside Academy Rated A
- Traditional Architecture
- No HOA
About This Home
As of December 2020A rare find in Belmont Shore. Just steps from the sand sits this charming duplex with 5 garages. Yes, 5 garages. Belmont Shore is the jewel of Long Beach and rentals are in high demand from both tenants and investors making it a prime area to be a landlord, or owner occupant. Recent rates (July 17, 2020) for owner occupied is 3.375%. Live in the upper and rent the lower unit to help with the payment. Upper has large deck & extra detached room. Ocean view from living room of the upper unit. Fantastic walk-ability factor to shops, dining, entertainment, beaches, parks, and water-sports. Property is 2 - 2 bedroom 1 bath units. The lower rents with one garage & the upper unit rents currently with 2 garage spaces. One garage is rented out at $150 and the owners use one of them as well. Lower unit is photographed and is in great condition with original hardwood floors. Separate electric and gas meters. Laundry room with owned equipment. Owners only pay water. Area is not as parking impacted as it is closer to Ocean than to 2nd St, so parking is much less of an issue for visitors to the property. Location, location, location!
*Information provided is believed to be accurate, but shall not be relied upon without verification by Buyer or Buyer’s Representative. Accuracy of square footage, lot size, and other features, amenities and/or other details are not limited to inclusions and exclusions is not guaranteed. *
Last Agent to Sell the Property
United Real Estate Professionals License #00797147 Listed on: 07/20/2020
Last Buyer's Agent
Darren Hamilton
Hamilton Pacific Real Estate License #01226720
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,005
Year Built
- Built in 1947
Lot Details
- 2,140 Sq Ft Lot
- Lot Dimensions are 24 x 90
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 5 Car Garage
Home Design
- Duplex
- Traditional Architecture
Interior Spaces
- 2-Story Property
- Awning
- Ocean Views
- Laundry Room
Kitchen
- Gas Range
- Dishwasher
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Outdoor Features
- Exterior Lighting
Location
- Property is near public transit
- Urban Location
Utilities
- Heating System Uses Natural Gas
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 15 / 26
- Tax Tract Number 3750
- Assessor Parcel Number 7247023010
Community Details
Overview
- No Home Owners Association
- 2 Units
- Belmont Shore Subdivision
Amenities
- Laundry Facilities
Recreation
- Water Sports
- Bike Trail
Building Details
- 2 Leased Units
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,400
- Water Sewer Expense $516
- Gross Income $56,688
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 20, 2020
Closed on
Nov 17, 2020
Sold by
Friedman Jennifer
Bought by
Friedman Jason
Seller's Agent
Cathy Lyn Brooks
United Real Estate Professionals
Buyer's Agent
Darren Hamilton
Hamilton Pacific Real Estate
List Price
$1,325,000
Sold Price
$1,260,000
Premium/Discount to List
-$65,000
-4.91%
Total Days on Market
73
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$381,727
Avg. Annual Appreciation
6.06%
Original Mortgage
$882,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 20, 2020
Closed on
Oct 15, 2020
Sold by
Frankenfield Investments Llc
Bought by
Friedman Jason and Chapman Christofer
Seller's Agent
Cathy Lyn Brooks
United Real Estate Professionals
Buyer's Agent
Darren Hamilton
Hamilton Pacific Real Estate
List Price
$1,325,000
Sold Price
$1,260,000
Premium/Discount to List
-$65,000
-4.91%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$882,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 19, 2012
Sold by
Frankenfield Ralph Michael and Frankenfield Tami Lee
Bought by
Frankenfield Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$505,000
Interest Rate
3.43%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 26, 2012
Sold by
Frankenfield Ralph Michael and Frankenfield Tami Lee
Bought by
Frankenfield Ralph Michael and Frankenfield Tami Lee
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$505,000
Interest Rate
3.43%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 1, 2012
Sold by
Frankenfield Ralph and Frankenfield Tami
Bought by
Frankenfield Ralph Michael and Frankenfield Tami Lee
Purchase Details
Closed on
Jun 3, 2009
Sold by
Bank Of New York
Bought by
Frankenfield Ralph and Frankenfield Tami
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,500
Interest Rate
4.79%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 15, 2008
Sold by
Chavez Norma
Bought by
Bank Of New York
Purchase Details
Closed on
Jun 7, 2005
Sold by
Ashe Diane S
Bought by
Chavez Norma
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$746,400
Interest Rate
6.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 11, 2004
Sold by
Mun Kevin H and Moon Grace
Bought by
Ashe Diane S
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
5.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 26, 2001
Sold by
Mun Kevin H and Moon Grace
Bought by
Mun Kevin H and Moon Grace
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,150
Interest Rate
6.84%
Purchase Details
Closed on
Dec 21, 1999
Sold by
Deptula Daniel J
Bought by
Mun Kevin H and Moon Grace
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,250
Interest Rate
7.96%
Purchase Details
Closed on
Jul 30, 1998
Sold by
Currie Colin W
Bought by
Deptula Daniel J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,850
Interest Rate
6.79%
Purchase Details
Closed on
Aug 15, 1997
Sold by
Youngquist Raymond C and Youngquist Alice A
Bought by
Currie Colin W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,800
Interest Rate
7.42%
Similar Homes in Long Beach, CA
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 |
|---|---|---|---|
| Friedman Jason | -- | Fidelity National Title | |
| Chapman Christofer | -- | Fidelity National Title | |
| Friedman Jason | $1,260,000 | Fidelity National Title | |
| Frankenfield Investments Llc | -- | None Available | |
| Frankenfield Ralph Michael | -- | Lsi | |
| Frankenfield Ralph Michael | -- | None Available | |
| Frankenfield Ralph | $710,000 | None Available | |
| Bank Of New York | $697,500 | Landsafe Title | |
| Chavez Norma | $934,000 | First Southwestern Title Co | |
| Ashe Diane S | $827,000 | North American Title Co | |
| Mun Kevin H | -- | First American Title Co | |
| Mun Kevin H | $419,000 | Commonwealth Title | |
| Deptula Daniel J | $334,500 | Commonwealth Land Title Co | |
| Currie Colin W | $261,000 | Commonwealth Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Friedman Jason | $882,000 | |
| Previous Owner | Frankenfield Ralph Michael | $505,000 | |
| Previous Owner | Frankenfield Ralph | $532,500 | |
| Previous Owner | Chavez Norma | $746,400 | |
| Previous Owner | Ashe Diane S | $94,300 | |
| Previous Owner | Ashe Diane | $66,500 | |
| Previous Owner | Ashe Diane S | $650,000 | |
| Previous Owner | Mun Kevin H | $51,000 | |
| Previous Owner | Mun Kevin H | $380,000 | |
| Previous Owner | Mun Kevin H | $26,155 | |
| Previous Owner | Mun Kevin H | $363,150 | |
| Previous Owner | Mun Kevin H | $314,250 | |
| Previous Owner | Deptula Daniel J | $250,850 | |
| Previous Owner | Currie Colin W | $208,800 | |
| Closed | Deptula Daniel J | $66,900 | |
| Closed | Mun Kevin H | $50,000 | |
| Closed | Chavez Norma | $186,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/02/2020 12/02/20 | Sold | $1,260,000 | -1.2% | $820 / Sq Ft |
| 10/01/2020 10/01/20 | Pending | -- | -- | -- |
| 08/26/2020 08/26/20 | Price Changed | $1,275,000 | -3.8% | $830 / Sq Ft |
| 07/20/2020 07/20/20 | For Sale | $1,325,000 | -- | $863 / 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 |
|---|---|---|---|---|
| 2024 | $17,005 | $1,337,121 | $955,087 | $382,034 |
| 2023 | $16,722 | $1,310,904 | $936,360 | $374,544 |
| 2022 | $15,681 | $1,285,200 | $918,000 | $367,200 |
| 2021 | $15,384 | $1,260,000 | $900,000 | $360,000 |
| 2020 | $10,434 | $837,999 | $708,173 | $129,826 |
| 2019 | $10,311 | $821,569 | $694,288 | $127,281 |
| 2018 | $10,044 | $805,461 | $680,675 | $124,786 |
| 2016 | $9,242 | $774,187 | $654,245 | $119,942 |
| 2015 | $8,865 | $762,559 | $644,418 | $118,141 |
| 2014 | $8,799 | $747,622 | $631,795 | $115,827 |
Source: Public Records
Agents Affiliated with this Home
-
Cathy Lyn Brooks
C
Seller's Agent in 2020
Cathy Lyn Brooks
United Real Estate Professionals
(562) 719-2530
1 in this area
6 Total Sales
-
Buyer's Agent in 2020
Darren Hamilton
Hamilton Pacific Real Estate
(562) 472-2400
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20142907
APN: 7247-023-010
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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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