NOT LISTED FOR SALE
3 Beds
5 Baths
4,194 Sq Ft
5,852 Sq Ft Lot

Last Sold October 08, 2020

Last sale price $2,800,000 $668 Per Sq Ft

49 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • High Ceiling
  • Fremont Elementary School Rated A
  • Mediterranean Architecture
  • Granite Countertops

About This Home

As of October 2020

Located within the highly desirable neighborhood of Belmont Heights!
With incredible design and architecture, this 1922 Classic is a true Pride of Ownership building! Located on a beautiful treelined street and surrounded by Palm trees. This incredible asset is the epitome of everything that’s great about Southern California!
Along with the incredible curb appeal, every individual unit has an open modern feel, impressive high ceilings, and an abundance of natural light. Comprised of four large (874Sf) 1 bedroom x 1 bathroom units & two (350Sf) studios. The entire building has recently been significantly upgraded to “like new” condition. Upgrades include; All new kitchens, bathrooms, AC units and heat, new dual pane windows, light and window fixtures, interior and exterior paint and much much more!
Despite the impressive modern amenities the architect/designer was able to retain a lot of the “classic feel” of the 1920’s by retaining and refinishing the original hardwood flooring and built in cabinetry. The buildings infrastructure has also been upgraded with all new copper plumbing throughout, all new electrical, upgraded foundation and new sewer line.
“The location” Just a short stroll to the Beach and “2nd street”, which houses most of Long Beaches best fashion stores, restaurants, bars and coffee shops.

Last Agent to Sell the Property

Cameron Jacques

Kinnery's Brokerage House License #01852032 Listed on: 06/03/2020

Last Buyer's Agent

Juan Huizar

Sage Real Estate Group, Inc. License #01417642

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 5,852 Sq Ft Lot
  • Lot Dimensions are 45 x 130
  • 1 Common Wall
  • Block Wall Fence
  • Rectangular Lot
  • Lawn
  • Garden
  • Front Yard

Parking

  • 5 Open Parking Spaces
  • 5 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Mediterranean Architecture
  • Apartment
  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Composition Roof
  • Copper Plumbing

Interior Spaces

  • 4,194 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • High Ceiling
  • Double Pane Windows
  • Storage
  • Laundry Room
  • Wood Flooring
  • Neighborhood Views
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 5 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Utilities

  • Two cooling system units
  • Combination Of Heating Systems
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 19 / K
  • Tax Tract Number 5772
  • Assessor Parcel Number 7256008019

Community Details

Overview

  • 2 Buildings
  • 6 Units
  • Belmont Heights Subdivision

Recreation

  • Park
  • Water Sports
  • Bike Trail

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $55,721
  • Gross Income $177,840
  • Net Operating Income $118,562

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

5

Listing Details

  • Assessments: Yes
  • CapRate: 4.02
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Belmont Heights (BH)
  • View: Yes
  • Zoning: LBR1N
  • Architectural Style: Mediterranean
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7256008019
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Copper Plumbing Full, Granite Counters, High Ceilings, Open Floorplan, Storage, Unfurnished
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Wood
  • Accessibility Features: Parking
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 667.62
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • Exterior Features: Barbecue Private
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Combination
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Gutters, Park, Watersports, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Lawn, Rectangular Lot
  • Lot Size: 45 x 130
  • Lot Size Sq Ft: 5852.00
  • Lot Size Acres: 0.1343

Multi Family

  • Average1 Bed Area: 874 Square Feet
  • Average Studio Area: 350 Square Feet
  • Garage Income: 700.00
  • Gross Income: 177840.00
  • Gross Multiplier: 16.58
  • Gross Operating Income: 174283.00
  • Gross Scheduled Income: 177840.00
  • Lot Size Area: 5852.0000 Square Feet
  • Net Operating Income: 118562.00
  • Number Of Rented Garages: 5
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 55721.00
  • Rent Control: Yes
  • Total Expenses: 55721.00
  • Vacancy Allowance: 3557

Tax Info

  • Tax Block: K
  • Tax Census Tract: 5772.00
  • Tax Lot: 19
  • Tax Tract Number: 5772.0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2020 10/08/20 Sold $2,800,000 -5.1% $668 / Sq Ft
07/10/2020 07/10/20 Price Changed $2,950,000 -1.7% $703 / Sq Ft
06/03/2020 06/03/20 For Sale $3,000,000 -- $715 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20106264

California Regional Multiple Listing Service (CRMLS)