NOT LISTED FOR SALE

243 Nieto Ave Unit A Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated Value: $1,668,000 - $2,036,000

5 Beds
3 Baths
2,352 Sq Ft
$773/Sq Ft Est. Value

Last Sold August 29, 2019

Last sale price $1,210,000 $514 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $10,387/month

126 Days on Market

Highlights

  • Laundry Room
  • Lowell Elementary School Rated A-
  • 4-minute walk to Livingston Drive Park

About This Home

As of August 2019

Big remodeled duplex on big lot. UPSTAIRS: 2 Bedrooms + 1 Bath upstairs *
Private trex plank deck with fire pit & heater
* Remodeled kitchen with washer dryer,
stove, refrigerator included in sale *
Refinished wood floors, granite countertops *
Unique tile bath *
Newer HW heater and newer AC/heater units *
Double pane windows *
DOWNSTAIRS: 3 Bedrooms + 2 Baths remodeled *
Newer kitchen with custom cabinets *
(no permits on 3rd BR+ 2nd BA) *
Rental income $2300 (month to month) *
PROPERTY: 2 car garage with laundry room for lower unit *
Large lot & building (2352 S.F. Bldg, 3140 S.F. lot per title co.) *
Front yard patio *
Large closets throughout with custom sliding doors *
Bright, cheery rooms *
Stainless steel appliances *
Low maintenance *
Next to Bay Shore Church

Last Agent to Sell the Property

Larry Boren

LB Brokerage, Inc License #00605203 Listed on: 03/22/2019

Last Buyer's Agent

Kay Raziano

First Team Real Estate License #00813738

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 3,240 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 2,352 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Tax Lot 34
  • Tax Tract Number 3885
  • Assessor Parcel Number 7249029015

Community Details

Overview

  • 2 Units

Building Details

  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $1,500
  • Trash Expense $1,000
  • Water Sewer Expense $600
  • New Taxes Expense $16,112
  • Operating Expense $20,412
  • Gross Income $27,600
  • Net Operating Income $22,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Belmont Shore (BSD)
  • Water Sewer Expenses: 600.00
  • Zoning: LBR2S
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7249029015
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 514.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3240.00
  • Lot Size Acres: 0.0744

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 27600.00
  • Gross Scheduled Income: 27600.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 3240.0000 Square Feet
  • Net Operating Income: 22800.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 4800.00
  • Rent Control: No
  • Total Expenses: 20412.00

Tax Info

  • New Taxes Expense: 16112.00
  • Tax Census Tract: 5774.00
  • Tax Lot: 34
  • Tax Tract Number: 3885

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 13, 2025
Sold by
Gleason Paul Michael and Messina Marianne Harriet
Bought by
Gleason-Messina Living Trust and Gleason
Current Estimated Value
$1,733,875

Purchase Details

Listed on
Mar 22, 2019
Closed on
Aug 2, 2019
Sold by
Silveria James and Silveria Ingrid Ada
Bought by
Gleason Paul Michael and Messina Marianne Harriet
Seller's Agent
Larry Boren
LB Brokerage, Inc
Buyer's Agent
Kay Raziano
First Team Real Estate
List Price
$1,289,000
Sold Price
$1,210,000
Premium/Discount to List
-$79,000
-6.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.54%
Original Mortgage
$786,500
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2017
Sold by
Silveria James
Bought by
Silveria James and Silveria Ingrid Ada

Purchase Details

Closed on
Dec 15, 2011
Sold by
Boren Larry L and Boren Lynn E
Bought by
Silveria James

Purchase Details

Closed on
Sep 10, 2010
Sold by
Lanco Exchange Inc
Bought by
Boren Larry L and Boren Lynn E

Purchase Details

Closed on
Nov 2, 2009
Sold by
Boren Larry L and Boren Lynn E
Bought by
Lanco Exchange Inc

Purchase Details

Closed on
Dec 5, 2006
Sold by
Boren Larry L and Boren Lynn E
Bought by
Boren Larry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2005
Sold by
Boren Larry L and Boren Lynn E
Bought by
Boren Larry L
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
Gleason-Messina Living Trust -- None Listed On Document
Gleason Paul Michael $1,210,000 Progressive Title
Silveria James -- None Available
Silveria James -- Progressive Title Co
Boren Larry L -- Accommodation
Lanco Exchange Inc -- None Available
Boren Larry L -- North American Title Co
Boren Larry L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gleason Paul Michael $786,500
Previous Owner Boren Larry L $680,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2019 08/29/19 Sold $1,210,000 -0.7% $514 / Sq Ft
06/11/2019 06/11/19 Price Changed $1,219,000 -2.4% $518 / Sq Ft
05/22/2019 05/22/19 Price Changed $1,249,000 -2.0% $531 / Sq Ft
05/14/2019 05/14/19 Price Changed $1,274,500 -1.1% $542 / Sq Ft
03/22/2019 03/22/19 For Sale $1,289,000 -- $548 / 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 $16,595 $1,323,308 $984,280 $339,028
2024 $16,595 $1,297,362 $964,981 $332,381
2023 $16,320 $1,271,924 $946,060 $325,864
2022 $15,309 $1,246,985 $927,510 $319,475
2021 $15,014 $1,222,535 $909,324 $313,211
2019 $11,141 $883,890 $619,287 $264,603
2018 $10,834 $866,560 $607,145 $259,415
2016 $9,961 $832,913 $583,570 $249,343
2015 $9,556 $820,403 $574,805 $245,598
2014 $9,484 $804,334 $563,546 $240,788
Source: Public Records

Agents Affiliated with this Home

  • Larry Boren

    Seller's Agent in 2019

    Larry Boren

    LB Brokerage, Inc

    (562) 900-3888

    1 in this area

    10 Total Sales

    Larry Boren
    Section Image

  • K

    Buyer's Agent in 2019

    Kay Raziano

    First Team Real Estate

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19064621

California Regional Multiple Listing Service (CRMLS)

APN: 7249-029-015

California Los Angeles County Long Beach 90803 Belmont Shore

243 Nieto Ave Unit A, Long Beach, CA

Not Listed for Sale

MultiFamily

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