Seller's Agent in 2021
Ginette Skelton
Coldwell Banker Realty
(562) 225-5658
4 in this area
70 Total Sales
232 Euclid Ave Long Beach, CA 90803
Belmont Heights NeighborhoodEstimated Value: $1,870,000 - $3,019,000
6
Beds
4
Baths
3,344
Sq Ft
$725/Sq Ft
Est. Value
About This Home
As of September 2021Gorgeous Mediterranean Trophy Income Property. This fourplex offers two 2 BD / 1 BA units in the front building and two 1 BD/1BA units in the rear building. A beautifully landscaped courtyard with fountain provides lounge space, privacy and storage area. The property also offers ample parking with four garages. In close proximity to shopping, restaurants and recreational activity, it is just 3 blocks from the water. All 4 Units have their own gas and electrical meters. Recent exterior renovations include architect-designed hardscape and landscaping, stairways, installation of Saltillo tiles on front and side patios, roof recoated, new drainage with sump pump, automatic irrigation system, lighting and gutters and downspouts. Additional exterior renovations include Trex decking, fencing, custom gates and the main sewer pipe was replaced. Stucco and trim recently painted. Important interior improvements include unit C being extensively and beautifully remodeled with new kitchen, new wiring, full bathroom remodel, compact washer/dryer added and much more...pics to follow. Unit A has been largely enhanced, with new wiring, instant hot water system added, floors refinished and windows resealed and much more. Units 232, A and C all have washer and dryers in the units. The Belmont Heights location is desirable for professionals seeking a quiet neighborhood with warm ambiance with accessibility to outdoor activities along with many shopping and dining options. The property is within minutes to the beach and bike path as well as the popular 2nd Street with more shopping and dining possibilities. All of this and a possible ADU. Please do not disturb tenants.
Last Agent to Sell the Property
Coldwell Banker Realty License #01795366 Listed on: 08/15/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1930
Lot Details
- 6,519 Sq Ft Lot
- 1 Common Wall
- Drip System Landscaping
Parking
- 4 Car Garage
Home Design
- Quadruplex
Additional Features
- 6 Bedrooms
- Laundry Room
- Septic Type Unknown
Listing and Financial Details
- Legal Lot and Block 8 / E
- Tax Tract Number 1
- Assessor Parcel Number 7255010009
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,340
- Trash Expense $1,800
- Water Sewer Expense $1,300
- Operating Expense $5,440
- Gross Income $95,040
- Net Operating Income $76,032
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 9, 2019
Closed on
Aug 28, 2019
Sold by
L B 2 Llc
Bought by
Cohen Arethur D and Kee Sharon P
Seller's Agent
Kym Elder
Coldwell Banker Realty
Buyer's Agent
Mohsen Shahbani
Coldwell Banker Realty
List Price
$1,595,000
Sold Price
$1,580,000
Premium/Discount to List
-$15,000
-0.94%
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
$843,702
Avg. Annual Appreciation
7.14%
Purchase Details
Closed on
Dec 28, 2018
Sold by
Coastal L B 2 Llc
Bought by
Coastal L B Associates Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,876
Interest Rate
3.9%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 31, 2014
Sold by
Coastal L B Associates Llc
Bought by
Coastal L B 2 Llc
Purchase Details
Closed on
Dec 29, 2010
Sold by
Jones Jeffrey Scott and Jones Caroline Cheng
Bought by
Coastal L B 2 Llc
Purchase Details
Closed on
Apr 3, 2006
Sold by
Cheng Katherine W
Bought by
Coastal L B Associates Llc
Purchase Details
Closed on
Dec 19, 2003
Sold by
Jones Jeffrey S and Jones Caroline Cheng
Bought by
Jones Jeffrey Scott and Jones Caroline Cheng
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$646,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 18, 2003
Sold by
Jones Jeffrey S and Jones Carolina Cheng
Bought by
Jones Jeffrey S and Jones Caroline Cheng
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$646,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 23, 2003
Sold by
Jones Jeffrey S and Jones Caroline Cheng
Bought by
Jones Jeffrey Scott and Jones Caroline Cheng
Purchase Details
Closed on
Sep 23, 2002
Sold by
King Jerry C
Bought by
Jones Jeffrey S and Jones Caroline Cheng
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
6.28%
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 |
|---|---|---|---|
| Cohen Arethur D | $1,580,000 | Ticor Title | |
| Coastal L B Associates Llc | -- | None Available | |
| Coastal L B 2 Llc | $172,500 | None Available | |
| Coastal L B 2 Llc | -- | None Available | |
| Jones Jeffrey Scott | -- | None Available | |
| Coastal L B Associates Llc | -- | None Available | |
| Cheng Katherine W | -- | None Available | |
| Jones Jeffrey Scott | -- | -- | |
| Jones Jeffrey S | -- | Fidelity National Title Long | |
| Jones Jeffrey Scott | -- | -- | |
| Jones Jeffrey S | $875,000 | Lawyers Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Coastal L B Associates Llc | $180,876 | |
| Previous Owner | Jones Jeffrey S | $646,000 | |
| Previous Owner | Jones Jeffrey S | $650,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/28/2021 09/28/21 | Sold | $2,315,000 | +1.1% | $692 / Sq Ft | |
| 08/15/2021 08/15/21 | Pending | -- | -- | -- | |
| 08/15/2021 08/15/21 | For Sale | $2,289,000 | +44.9% | $685 / Sq Ft | |
| 09/27/2019 09/27/19 | Sold | $1,580,000 | -0.9% | $472 / Sq Ft | View Prior Sale |
| 08/25/2019 08/25/19 | Pending | -- | -- | -- | |
| 08/21/2019 08/21/19 | For Sale | $1,595,000 | +0.9% | $477 / Sq Ft | |
| 07/28/2019 07/28/19 | Off Market | $1,580,000 | -- | -- | |
| 07/09/2019 07/09/19 | For Sale | $1,595,000 | -- | $477 / 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 | $32,106 | $2,456,696 | $1,591,812 | $864,884 |
| 2024 | $30,728 | $2,408,526 | $1,560,600 | $847,926 |
| 2023 | $30,217 | $2,361,300 | $1,530,000 | $831,300 |
| 2022 | $28,339 | $2,315,000 | $1,500,000 | $815,000 |
| 2021 | $19,778 | $1,596,368 | $909,324 | $687,044 |
| 2019 | $10,979 | $845,174 | $589,141 | $256,033 |
| 2018 | $10,685 | $828,603 | $577,590 | $251,013 |
| 2016 | $9,826 | $796,429 | $555,162 | $241,267 |
| 2015 | $9,435 | $784,466 | $546,823 | $237,643 |
| 2014 | $8,687 | $708,200 | $492,224 | $215,976 |
Source: Public Records
Agents Affiliated with this Home
-
Ginette Skelton
-
Natasha Schultheis
Buyer's Agent in 2021
Natasha Schultheis
Coldwell Banker Realty
(562) 438-0910
6 in this area
52 Total Sales
-
Kym Elder
Seller's Agent in 2019
Kym Elder
Coldwell Banker Realty
(562) 254-1489
7 in this area
36 Total Sales
-
Mohsen Shahbani
Buyer's Agent in 2019
Mohsen Shahbani
Coldwell Banker Realty
(562) 547-3324
2 in this area
36 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21174964
APN: 7255-010-009
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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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