B
Seller's Agent in 2024
Benjamin Benoit
Compass
219 Prospect Ave Long Beach, CA 90803
Belmont Heights NeighborhoodEstimated Value: $2,244,000 - $2,914,661
5
Beds
5
Baths
3,448
Sq Ft
$711/Sq Ft
Est. Value
Highlights
- Ocean View
- Golf Course Community
- Two Primary Bedrooms
- Lowell Elementary School Rated A-
- Fishing
- Open Floorplan
About This Home
As of August 20242-Homes/1-Lot. Stunning Spanish duplex nestled in the highly sought-after neighborhood of Belmont Heights. This property embodies the essence of California living with its beautiful architecture, ocean views, convenient location, and versatile living spaces.
As you step onto the property, you'll immediately be captivated by its timeless curb appeal. The classic Spanish-style facade boasts intricate details, arched doorways, and a warm color palette that exudes character and charm.
Inside, each unit offers its own unique charm and functionality. Whether you're looking for a comfortable family home, an income-generating investment property, or a combination of both, this duplex has it all. With a total of 5 bedrooms and 5 bathrooms spread across both units, there's plenty of space for everyone to enjoy.
The living spaces feature hardwood floors, ample natural light, and tasteful finishes that blend seamlessly with the home's traditional aesthetic. The kitchens are equipped with stainless steel apliances, granite countertops, ample cabinet space, and convenient layouts, perfect for cooking and entertaining.
One of the highlights of this property is its outdoor areas. Imagine sipping your morning coffee on the private balcony or hosting a barbecue in the spacious backyard. The possibilities for outdoor enjoyment are endless. Plus a 4 car garage and total off-street parking for 6 cars this is a car collectors dream.
Perfect Duplex for investors thanks to a 4% CAP rate with the front unit capable of producing 8k a month in rent and the back unit getting 3500 per month.
Easy access to a plethora of amenities on 2nd street. From trendy boutiques and restaurants to beautiful parks and top-rated schools, everything you need is just moments away.
Last Agent to Sell the Property
Benjamin Benoit
Compass License #02105802 Listed on: 05/08/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1989
Lot Details
- 6,350 Sq Ft Lot
- Property fronts an alley
- No Common Walls
- South Facing Home
- Wood Fence
- Stucco Fence
- Private Yard
- Back Yard
Parking
- 4 Car Direct Access Garage
- Electric Vehicle Home Charger
- Parking Storage or Cabinetry
- Parking Available
- Rear-Facing Garage
- Two Garage Doors
- Garage Door Opener
- Combination Of Materials Used In The Driveway
- Parking Lot
- Off-Street Parking
Property Views
- Ocean
- Coastline
- Peek-A-Boo
Home Design
- Duplex
- Spanish Architecture
- Entry on the 1st floor
- Spanish Tile Roof
Interior Spaces
- 3,448 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Built-In Features
- Bar
- Dry Bar
- Crown Molding
- Cathedral Ceiling
- Ceiling Fan
- Recessed Lighting
- Low Emissivity Windows
- Drapes & Rods
- French Mullion Window
- Stained Glass
- Double Door Entry
- French Doors
- Family Room
- Living Room with Fireplace
- Home Office
- Storage
Kitchen
- Convection Oven
- Built-In Range
- Microwave
- Freezer
- Water Line To Refrigerator
- Dishwasher
- Granite Countertops
Bedrooms and Bathrooms
- 5 Bedrooms
- All Upper Level Bedrooms
- Double Master Bedroom
- 5 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Home Security System
- Security Lights
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Water Purifier
- Phone Available
Additional Features
- Balcony
- Property is near park
Listing and Financial Details
- Legal Lot and Block 9 / 18
- Tax Tract Number 9
- Assessor Parcel Number 7256017012
- $619 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
- Belmont Heights Subdivision
- Community Lake
- Mountainous Community
Recreation
- Golf Course Community
- Fishing
- Park
- Dog Park
- Bike Trail
Building Details
- 1 Leased Unit
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Operating Expense $15,000
- Gross Income $138,000
- Net Operating Income $93,150
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 8, 2024
Closed on
Aug 13, 2024
Sold by
Lopez Edward G and Lopez Bernadette M
Bought by
Mijares Christopher Ray and Mijares Ivette
Seller's Agent
Benjamin Benoit
Compass
Buyer's Agent
Juan Huizar
Sage Real Estate Group, Inc.
List Price
$2,590,000
Sold Price
$2,290,000
Premium/Discount to List
-$300,000
-11.58%
Views
26
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
$160,915
Avg. Annual Appreciation
5.04%
Original Mortgage
$1,802,000
Outstanding Balance
$1,778,694
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$672,221
Purchase Details
Closed on
Dec 8, 2016
Sold by
Lopez Edward G and Lopez Bernadette M
Bought by
Lopez Edward G and Lopez Bernadette M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jul 7, 2006
Sold by
Waters Paul L and Waters Ruth M
Bought by
Lopez Edward G and Lopez Bernadette M
Purchase Details
Closed on
Jul 21, 2000
Sold by
Waters P L
Bought by
Waters Paul L and Waters Ruth M
Purchase Details
Closed on
Jun 12, 2000
Sold by
Waters Carlton H and Waters Trust
Bought by
Waters Paul L
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 |
|---|---|---|---|
| Mijares Christopher Ray | $2,290,000 | Consumers Title Company | |
| Mijares Christopher Ray | $2,290,000 | Consumers Title Company | |
| Lopez Edward G | -- | Wfg Title Company | |
| Lopez Edward G | -- | Wfg Title Company | |
| Lopez Edward G | $1,875,000 | North American Title Co | |
| Lopez Edward G | $1,875,000 | North American Title Co | |
| Waters Paul L | -- | -- | |
| Waters Paul L | -- | -- | |
| Waters Paul L | -- | -- | |
| Waters Paul L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mijares Christopher Ray | $1,802,000 | |
| Previous Owner | Lopez Edward G | $780,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/20/2024 08/20/24 | Sold | $2,290,000 | 0.0% | $664 / Sq Ft | |
| 08/20/2024 08/20/24 | Sold | $2,290,000 | -4.5% | $664 / Sq Ft | View Prior Sale |
| 05/30/2024 05/30/24 | Price Changed | $2,399,000 | 0.0% | $696 / Sq Ft | |
| 05/30/2024 05/30/24 | Price Changed | $2,399,000 | -7.4% | $696 / Sq Ft | |
| 05/08/2024 05/08/24 | For Sale | $2,590,000 | 0.0% | $751 / Sq Ft | |
| 05/03/2024 05/03/24 | For Sale | $2,590,000 | -- | $751 / 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 | $27,914 | $2,290,000 | $1,100,000 | $1,190,000 |
| 2024 | $27,914 | $2,200,000 | $1,056,000 | $1,144,000 |
| 2023 | $27,993 | $2,200,000 | $1,056,000 | $1,144,000 |
| 2022 | $24,208 | $1,985,000 | $952,800 | $1,032,200 |
| 2021 | $20,220 | $1,650,000 | $792,000 | $858,000 |
| 2020 | $16,769 | $1,350,000 | $648,000 | $702,000 |
| 2019 | $16,894 | $1,350,000 | $648,000 | $702,000 |
| 2018 | $16,747 | $1,350,000 | $648,000 | $702,000 |
| 2016 | $14,844 | $1,250,000 | $706,500 | $543,500 |
| 2015 | $13,325 | $1,150,000 | $650,000 | $500,000 |
| 2014 | $13,477 | $1,150,000 | $650,000 | $500,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
John Corrales
Seller Co-Listing Agent in 2024
John Corrales
Vista Sotheby’s International Realty
(310) 346-3332
2 in this area
73 Total Sales
-
Juan Huizar
Buyer's Agent in 2024
Juan Huizar
Sage Real Estate Group, Inc.
(562) 307-0838
8 in this area
95 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24092798
APN: 7256-017-012
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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