NOT LISTED FOR SALE

Estimated Value: $1,807,000 - $2,274,000

6 Beds
3 Baths
2,109 Sq Ft
$966/Sq Ft Est. Value

Sale Details

Date Sold: April 29, 2024

Last sale price $1,735,000 $823 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $13,152 / mo

299 Days on Market

About This Home

As of April 2024

22 65th Place is a duplex in a coveted A+ location, directly on the Alamitos Peninsula, known as "The Peninsula" in Long Beach. The property is located just steps from the boardwalk, sand and Pacific Ocean, and a stone's throw to Alamitos Bay, The Marina, Naples Island and Belmont Shore. The 1,100-square-foot front unit offers three (3) bedrooms and two (2) bathrooms with 1920's detail, including high open wood beam ceilings, original hardwood floors, and a Dutch-tile fireplace. The 1,000-square-foot, two-story rear unit offers three (3) bedrooms and one (1) bathroom. The second floor is a large, light-filled bedroom with open wood ceilings and access to a sizable roof deck to soak up the sun. Onsite laundry facilities, storage, garage and parking space in front of the garage offer the potential for additional income. 22 65th Place presents a new buyer with the opportunity to own a well-maintained asset in an A+ location with +/-18% rental upside.

Last Agent to Sell the Property

Robert Stepp

Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 06/07/2023

Keller Williams Realty Downey

Co-Listed By

Larry Bustamante

Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #00762602

Last Buyer's Agent

Costanza Genoese Zerbi

eXp Realty of Greater Los Angeles License #01941438

eXp Realty of Greater Los Angeles

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 2,398 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,109 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 14 / 25
  • Tax Tract Number 25
  • Assessor Parcel Number 7245025014
  • $408 per year additional tax assessments

Community Details

Overview

  • 2 Units
  • Belmont Shore Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $375
  • Fuel Expense $375
  • Insurance Expense $1,793
  • Maintenance Expense $1,300
  • Other Expense $450
  • Trash Expense $375
  • Water Sewer Expense $375
  • New Taxes Expense $22,037
  • Operating Expense $27,779
  • Gross Income $86,136
  • Net Operating Income $58,357

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

2,398 Sq Ft Lot

Parking

1

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Belmont Shore (BSD)
  • Water Sewer Expenses: 375.00
  • Zoning: LBR2I
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7245025014
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 822.66

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 375.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2398.00
  • Lot Size Acres: 0.0551

Multi Family

  • Electric Expense: 375.00
  • Fuel Expense: 375.00
  • Gross Income: 86136.00
  • Gross Scheduled Income: 88800.00
  • Insurance Expense: 1793.00
  • Lot Size Area: 2398.0000 Square Feet
  • Maintenance Expense: 1300.00
  • Net Operating Income: 58357.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 27779.00
  • Other Expense: 450.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 27779.00

Tax Info

  • New Taxes Expense: 22037.00
  • Tax Block: 25
  • Tax Census Tract: 5775.04
  • Tax Lot: 14
  • Tax Tract Number: 25
  • TaxOtherAnnualAssessmentAmount: 408.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2023
Closed on
Apr 22, 2024
Sold by
Fultheim Gary and Fultheim Jeremy Paul
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Costanza Genoese Zerbi
eXp Realty of Greater Los Angeles
List Price
$2,025,000
Sold Price
$1,735,000
Premium/Discount to List
-$290,000
-14.32%
Views
406
Current Estimated Value
$2,036,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,467
Avg. Annual Appreciation
7.02%

Purchase Details

Closed on
Dec 6, 2022
Sold by
Leon Fultheim Family Trust
Bought by
Fultheim Jeremy Paul Sydney

Purchase Details

Closed on
Feb 12, 2020
Sold by
Fultheim Leon and Fultheim Gary
Bought by
Fultheim Leon and Leon Fultheim Family Trust

Purchase Details

Closed on
Mar 10, 1993
Sold by
Fultheim Helga
Bought by
Fultheim Helga and The Helga Fultheim Trust
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Peninsula, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,735,000 First American Title Company
Fultheim Jeremy Paul Sydney -- --
Fultheim Leon -- None Available
Fultheim Helga -- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/29/2024 04/29/24 Sold $1,735,000 -2.0% $823 / Sq Ft
04/01/2024 04/01/24 Pending -- -- --
03/21/2024 03/21/24 Price Changed $1,770,000 -5.6% $839 / Sq Ft
11/10/2023 11/10/23 Price Changed $1,875,000 -7.4% $889 / Sq Ft
06/07/2023 06/07/23 For Sale $2,025,000 -- $960 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $22,982 $1,805,094 $1,352,520 $452,574
2025 $22,982 $1,769,700 $1,326,000 $443,700
2024 $23,130 $1,825,513 $1,316,520 $508,993
2023 $22,000 $1,734,443 $1,261,413 $473,030
2022 $20,628 $1,700,435 $1,236,680 $463,755
2021 $20,239 $1,667,094 $1,212,432 $454,662
2020 $8,619 $686,341 $531,752 $154,589
2019 $8,519 $672,884 $521,326 $151,558
2018 $8,282 $659,691 $511,104 $148,587
2016 $7,612 $634,076 $491,258 $142,818
2015 $7,304 $624,552 $483,879 $140,673
2014 $7,248 $612,319 $474,401 $137,918
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23099669

California Regional Multiple Listing Service (CRMLS)

APN: 7245-025-014

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