Seller's Agent in 2019
Mohsen Shahbani
Coldwell Banker Realty
(562) 547-3324
2 in this area
35 Total Sales
218 Roycroft Ave Long Beach, CA 90803
Belmont Heights NeighborhoodEstimated Value: $1,920,000 - $2,502,000
6
Beds
4
Baths
4,398
Sq Ft
$517/Sq Ft
Est. Value
Highlights
- Property is near park
- Cathedral Ceiling
- Balcony
- Lowell Elementary School Rated A-
- No HOA
- 2-minute walk to Livingston Drive Park
About This Home
As of December 2019Investors dream. Located in the heart of Belmont Heights, on one of the most desirable streets, this stunning custom built, peaceful and elegant 4- plex offers a versatile 2 story owners unit with 3 bed. 2.5 bath plus mother-in law unit (call agent for info. for possibility of turning this to a 2 bedroom 1.5 bath and an additional 1 bed. 1 bath). Large gourmet kitchen, hardwood floors, recessed lighting, forced air heating, high ceilings throughout and Vaulted ceiling in the grand living room with a romantic fireplace. Spacious deck off the living room, kitchen and dining area overlooking the beautiful backyard. Newer copper plumbing. Rental units include 2 charming 1 bed 1 bath. (one with front porch and the other one with a very spacious deck- long term tenants) The other unit is a remodeled 2 bed 1 bath rented for only 2095 /mo.The seller has provided laundry facility to the tenants complementary. ( additional income!). Total income from the rental units is $5740. The owner's unit can bring in additional $4200. Gas, water, trash, No vacancy problem in this building. Walk to shore. Fountains, trees, pergola, brick paths, porch and balconies and 3 car garage. Please call for back up offers.
Last Agent to Sell the Property
Coldwell Banker Realty License #01068932 Listed on: 11/25/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 6,350 Sq Ft Lot
- Property fronts an alley
- 1 Common Wall
- Front Yard
Parking
- 3 Car Garage
Home Design
- Property Attached
- Tile Roof
- Composition Roof
Interior Spaces
- 4,398 Sq Ft Home
- Cathedral Ceiling
- Living Room with Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Outdoor Features
- Balcony
- Exterior Lighting
Location
- Property is near park
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
Listing and Financial Details
- Tax Lot 3
- Assessor Parcel Number 7256020017
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- New Taxes Expense $20,962
- Operating Expense $35,784
- Gross Income $119,280
- Net Operating Income $79,917
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 20, 2021
Sold by
Herrera Paul David and Herrera Linda Lourdes
Bought by
Azteca Roycroft Llc
Current Estimated Value
Purchase Details
Listed on
Nov 25, 2019
Closed on
Dec 2, 2019
Sold by
Callahan Shalla and Shalla Callahan Living Trust
Bought by
Herrera Paul David and Herrera Linda
Seller's Agent
Mohsen Shahbani
Coldwell Banker Realty
Buyer's Agent
Mohsen Shahbani
Coldwell Banker Realty
List Price
$1,677,000
Sold Price
$1,570,000
Premium/Discount to List
-$107,000
-6.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.27%
Purchase Details
Listed on
Aug 30, 2016
Closed on
Oct 4, 2016
Sold by
Simpson Gordon M and Simpson Donna R
Bought by
Callahan Shalla and Shalla Callahan Living Trust
Seller's Agent
Mohsen Shahbani
Coldwell Banker Realty
Buyer's Agent
William Larson
First Team Real Estate
List Price
$1,695,000
Sold Price
$1,677,000
Premium/Discount to List
-$18,000
-1.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.05%
Purchase Details
Closed on
Oct 10, 2003
Sold by
Yoakum James D and Yoakum Elizabeth B Reed
Bought by
Simpson Gordon M and Simpson Donna R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 25, 1996
Sold by
Yoakum James D
Bought by
Yoakum Elizabeth B Reed
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
7.97%
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 |
|---|---|---|---|
| Azteca Roycroft Llc | -- | None Listed On Document | |
| Herrera Paul David | -- | None Listed On Document | |
| Herrera Paul David | $1,570,000 | Ticor Title | |
| Callahan Shalla | $1,677,000 | Ticor Title | |
| Simpson Gordon M | -- | Ticor Title | |
| Simpson Gordon M | $1,007,000 | North American Title Co | |
| Yoakum James D | -- | -- | |
| Yoakum Elizabeth B Reed | -- | Chicago Title Co | |
| Yoakum James D | -- | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Simpson Gordon M | $800,000 | |
| Previous Owner | Yoakum Elizabeth B Reed | $315,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/12/2019 12/12/19 | Sold | $1,570,000 | -6.4% | $357 / Sq Ft | |
| 11/25/2019 11/25/19 | For Sale | $1,677,000 | 0.0% | $381 / Sq Ft | |
| 10/07/2016 10/07/16 | Sold | $1,677,000 | -1.1% | $381 / Sq Ft | View Prior Sale |
| 08/30/2016 08/30/16 | For Sale | $1,695,000 | -- | $385 / 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 |
|---|---|---|---|---|
| 2025 | $21,869 | $1,717,020 | $984,280 | $732,740 |
| 2024 | $21,869 | $1,683,354 | $964,981 | $718,373 |
| 2023 | $21,506 | $1,650,348 | $946,060 | $704,288 |
| 2022 | $20,184 | $1,617,989 | $927,510 | $690,479 |
| 2021 | $19,783 | $1,586,265 | $909,324 | $676,941 |
| 2019 | $21,988 | $1,744,750 | $704,350 | $1,040,400 |
| 2018 | $21,391 | $1,710,540 | $690,540 | $1,020,000 |
| 2016 | $14,645 | $1,209,445 | $480,415 | $729,030 |
| 2015 | $14,055 | $1,191,279 | $473,199 | $718,080 |
| 2014 | $13,958 | $1,167,944 | $463,930 | $704,014 |
Source: Public Records
Agents Affiliated with this Home
-
Mohsen Shahbani
-
William Larson
Buyer's Agent in 2016
William Larson
First Team Real Estate
(866) 525-3656
2 in this area
24 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19270704
APN: 7256-020-017
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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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