NOT LISTED FOR SALE

237 Belmont Ave Long Beach, CA 90803

Belmont Heights Neighborhood

Estimated Value: $1,329,000 - $2,055,313

4 Beds
4 Baths
2,714 Sq Ft
$599/Sq Ft Est. Value

Last Sold September 18, 2023

Last sale price $1,275,000 $470 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $9,856/month

2 Days on Market

Highlights

  • Private Yard
  • Laundry Room
  • 1-Story Property
  • Fremont Elementary School Rated A
  • Landscaped

About This Home

As of September 2023

Proud to present a fairly well maintained duplex in beautiful Long Beach. Property has 2714 sq ft, 2 units with both unit having 2 bedrooms and 1.5 bathrooms. Property has a 2 car detached garage. Original hardwood floors and very nice curb appeal.

Last Agent to Sell the Property

Stanley Jackson

Stanley Jackson License #01418385 Listed on: 08/23/2023

Last Buyer's Agent

Stanley Jackson

Stanley Jackson License #01418385 Listed on: 08/23/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 6,150 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Private Yard
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,714 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 20 / H
  • Tax Tract Number 577200
  • Assessor Parcel Number 7255027017
  • $573 per year additional tax assessments

Community Details

Overview

  • 2 Units
  • Belmont Heights Subdivision

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,600
  • Insurance Expense $1,700
  • Trash Expense $900
  • Water Sewer Expense $1,200
  • New Taxes Expense $14,687
  • Operating Expense $7,521
  • Gross Income $19,200
  • Net Operating Income $11,679

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7255027017
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Price Per Square Foot: 469.79

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lawn, Yard
  • Lot Size Sq Ft: 6150.00
  • Lot Size Acres: 0.1412

Multi Family

  • Electric Expense: 2600.00
  • Gross Income: 19200.00
  • Gross Scheduled Income: 19200.00
  • Insurance Expense: 1700.00
  • Lot Size Area: 6150.0000 Square Feet
  • Net Operating Income: 11679.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7521.00
  • Rent Control: Yes
  • Total Expenses: 7521.00

Tax Info

  • New Taxes Expense: 14687.00
  • Tax Block: H
  • Tax Census Tract: 5772.00
  • Tax Lot: 20
  • Tax Tract Number: 577200
  • TaxOtherAnnualAssessmentAmount: 573.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2023
Closed on
Aug 25, 2023
Sold by
George A Cobb Family Trust and Rl Cobb Revocable Living Trust
Bought by
John J Angel Jr Living Trust and Angel
Seller's Agent
Stanley Jackson
Stanley Jackson
Buyer's Agent
Stanley Jackson
Stanley Jackson
List Price
$1,175,000
Sold Price
$1,275,000
Premium/Discount to List
$100,000
8.51%
Views
12
Current Estimated Value
$1,624,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$349,828
Avg. Annual Appreciation
11.22%

Purchase Details

Closed on
May 23, 2016
Sold by
Rasmussen Norman
Bought by
George A Cobb Family Trust
Source: Public Records

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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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
John J Angel Jr Living Trust $1,275,000 Fidelity National Title
George A Cobb Family Trust -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2023 09/18/23 Sold $1,275,000 +8.5% $470 / Sq Ft
08/25/2023 08/25/23 Pending -- -- --
08/23/2023 08/23/23 For Sale $1,175,000 -- $433 / Sq Ft
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 $16,411 $1,300,500 $892,500 $408,000
2024 $16,411 $1,275,000 $875,000 $400,000
2023 $12,763 $978,528 $682,695 $295,833
2022 $11,981 $959,342 $669,309 $290,033
2021 $11,744 $940,533 $656,186 $284,347
2019 $11,577 $912,638 $636,724 $275,914
2018 $11,212 $894,744 $624,240 $270,504
2016 $10,299 $859,492 $600,609 $258,883
2015 $9,882 $846,583 $591,588 $254,995
2014 $9,809 $685,197 $504,888 $180,309
Source: Public Records

Agents Affiliated with this Home

  • Stanley Jackson

    Seller's Agent in 2023

    Stanley Jackson

    Stanley Jackson

    (310) 345-9174

    1 in this area

    26 Total Sales

    Stanley Jackson
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN23157646

California Regional Multiple Listing Service (CRMLS)

APN: 7255-027-017

California Los Angeles County Long Beach 90803 Belmont Heights

237 Belmont Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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