NOT LISTED FOR SALE

Estimated Value: $1,875,000 - $2,270,000

2 Beds
4 Baths
1,880 Sq Ft
$1,066/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $1,865,000 $992 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $12,511/month

31 Days on Market

Highlights

  • City Lights View
  • Contemporary Architecture
  • Stone Countertops
  • Lowell Elementary School Rated A-
  • Property is near a park
  • Private Yard

About This Home

As of June 2023

Welcome to the thriving neighborhood of Belmont Shore in Long Beach, California’s seventh largest city where sunny days and beachside living meet! We are thrilled to present this fantastic owner-occupier or investment opportunity to own a well-maintained, four-unit building just two blocks from the beach that is a popular spot for volleyball, kite surfing, biking, paddle boarding and much more. This property is a true gem, boasting one spacious and updated 2-bedroom, 1-bathroom unit and three remodeled modern studios. With one studio unit being delivered vacant at close of escrow, there is plenty of flexibility for an owner-occupier or investor looking to customize the space to their liking. The studios have undergone a complete interior remodel with new flooring, lighting, dual pane windows, stainless steel appliances and new bathrooms. The 2-bedroom, 1-bathroom unit has also been stylishly updated recently, providing a comfortable and sleek space for your residents to call home. As a bonus, this property offers two one-car garages and an additional parking space located at the rear of the property providing coveted off-street parking for your residents. A community laundry room is provided for the residents as well. This prime location in the heart of Belmont Shore offers easy access to shops, dining, and the beach, making it an attractive destination for both short-term vacation rentals and long-term residents seeking the ultimate coastal lifestyle. Don't miss out on this incredible opportunity to own a turnkey investment property in one of Long Beach's most sought-after neighborhoods. The property is very short distance to Naples Island, The Peninsula, retail shops and a variety of dining options on 2nd Street and award-winning schools Lowell Elementary, Rogers Middle School and Wilson High School.

Last Agent to Sell the Property

Lauren J. Coombs, CCIM

Keller Williams Pacific Estate License #01460830 Listed on: 04/28/2023

Keller Williams Pacific Estate

Last Buyer's Agent

Don Sutton

Sync Brokerage License #01335611

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,296

Year Built

  • Built in 1953 | Remodeled

Lot Details

  • 2,400 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Front Yard

Parking

  • 1 Open Parking Space
  • 2 Car Garage

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Contemporary Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Slab Foundation
  • Stucco

Interior Spaces

  • 1,880 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Living Room
  • Storage
  • Laminate Flooring
  • Carbon Monoxide Detectors

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Stone Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters

Location

  • Property is near a park
  • Property is near public transit
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, telephone
  • Legal Lot and Block 40 / 29
  • Tax Tract Number 3885
  • Assessor Parcel Number 7249026018
  • $539 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Dog Park

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Fuel Expense $1,735
  • Insurance Expense $3,810
  • Trash Expense $1,104
  • Water Sewer Expense $590
  • Operating Expense $9,639
  • Gross Income $75,095
  • Net Operating Income $65,456

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,296

Year Built

Built in 1953 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Inclusions: Washer/dryer in community laundry room and all appliances in units
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s)
  • View: Yes
  • Water Sewer Expenses: 590.00
  • Zoning: LBR2S
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7249026018
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Stone Counters, Storage
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 992.02
  • Room Type: Kitchen, Laundry, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • Exterior Features: Barbecue Private, Lighting, Rain Gutters
  • View: City Lights, Neighborhood
  • Fence: No
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community, Dryer Included, Outside, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1104.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Dog Park, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Level with Street, Rectangular Lot, Level, Near Public Transit, Park Nearby, Yard
  • Lot Size Sq Ft: 2400.00
  • Lot Size Acres: 0.0551

Rental Info

  • Tenant Pays: Cable TV, Telephone

Multi Family

  • Electric Expense: 2400.00
  • Fuel Expense: 1735.00
  • Gross Income: 75095.00
  • Gross Scheduled Income: 75095.00
  • Insurance Expense: 3810.00
  • Lot Size Area: 2400.0000 Square Feet
  • Net Operating Income: 65456.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 9639.00
  • Rent Control: Yes
  • Total Expenses: 9639.00

Tax Info

  • Tax Block: 29
  • Tax Census Tract: 5774.00
  • Tax Lot: 40
  • Tax Tract Number: 3885
  • TaxOtherAnnualAssessmentAmount: 539.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2024
Sold by
Ray Haj Living Trust
Bought by
Haj01 Llc
Current Estimated Value
$2,003,493

Purchase Details

Listed on
Apr 28, 2023
Closed on
Jun 21, 2023
Sold by
Spano Jonathan Edmund and Spano Christopher
Bought by
Ray Haj Living Trust and Haj
Seller's Agent
Lauren J. Coombs, CCIM
Keller Williams Pacific Estate
Buyer's Agent
Don Sutton
Sync Brokerage
List Price
$1,950,000
Sold Price
$1,865,000
Premium/Discount to List
-$85,000
-4.36%
Views
83

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.12%
Original Mortgage
$1,305,500
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2023
Sold by
Spano Christopher and Spano Melody
Bought by
Spano Christopher

Purchase Details

Closed on
Mar 2, 2010
Sold by
Spano Christopher Howard
Bought by
Spano Christopher and Spano Melody

Purchase Details

Closed on
Feb 17, 2005
Sold by
Tyner Christopher and Park Avenue Properties Llc
Bought by
Spano Jonathan Edmund and Spano Christopher Howard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$691,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 11, 2005
Sold by
Spano Melody
Bought by
Spano Christopher Howard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$691,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 12, 2004
Sold by
Tyner Christopher
Bought by
Tyner Christopher and Besman Carol J

Purchase Details

Closed on
Jun 30, 2004
Sold by
Besman Carol J
Bought by
Park Avenue Properties Llc

Purchase Details

Closed on
Apr 8, 2004
Sold by
Guesno Lawrence E
Bought by
Tyner Christopher

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
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 7, 2004
Sold by
Guesno Lawrence E
Bought by
Guesno Lawrence E

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
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 2001
Sold by
Barreto Jerry B and Barreto Gwendoline T
Bought by
Guesno Lawrence E and Guesno Lawrence E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.25%
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
Haj01 Llc -- None Listed On Document
Ray Haj Living Trust $1,865,000 Old Republic Title Company
Spano Christopher -- --
Spano Christopher -- --
Spano Christopher -- None Available
Spano Christopher -- None Available
Spano Jonathan Edmund $1,100,000 Fidelity National Title Co
Spano Christopher Howard -- Fidelity National Title Co
Tyner Christopher -- --
Park Avenue Properties Llc -- Fidelity National Title
Tyner Christopher $890,000 Oct
Guesno Lawrence E -- Oct
Guesno Lawrence E $525,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ray Haj Living Trust $1,305,500
Previous Owner Spano Jonathan Edmund $691,000
Previous Owner Tyner Christopher $650,000
Previous Owner Guesno Lawrence E $420,000
Closed Tyner Christopher $62,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2023 06/30/23 Sold $1,865,000 -4.4% $992 / Sq Ft
04/28/2023 04/28/23 For Sale $1,950,000 0.0% $1,037 / Sq Ft
09/28/2020 09/28/20 Rented $1,600 0.0% --
09/04/2020 09/04/20 For Rent $1,600 -- --
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 $24,296 $1,940,346 $1,258,884 $681,462
2024 $24,296 $1,902,300 $1,234,200 $668,100
2023 $16,857 $1,300,000 $567,300 $732,700
2022 $16,003 $1,300,000 $567,300 $732,700
2021 $15,998 $1,300,000 $567,300 $732,700
2020 $16,117 $1,300,460 $567,300 $733,160
2019 $16,235 $1,300,460 $567,300 $733,160
2018 $14,342 $1,150,460 $501,800 $648,660
2016 $12,560 $1,050,000 $583,300 $466,700
2015 $10,539 $900,000 $500,000 $400,000
2014 $10,665 $900,000 $500,000 $400,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23069321

California Regional Multiple Listing Service (CRMLS)

APN: 7249-026-018