NOT LISTED FOR SALE

245 Termino Ave Long Beach, CA 90803

Belmont Heights Neighborhood

Estimated Value: $1,677,000 - $1,941,903

5 Beds
3 Baths
2,376 Sq Ft
$755/Sq Ft Est. Value

Last Sold January 12, 2018

Last sale price $1,150,000 $484 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $10,603/month

22 Days on Market

Highlights

  • In Ground Pool
  • Property is near park
  • Laundry Room
  • Fremont Elementary School Rated A
  • No HOA
  • 1-Story Property

About This Home

As of January 2018

2 units in the heart of Belmont Heights. Classic California Bungalow in front - 3 bedroom/2 bath newly remodeled with hardwood floors throughout. Washer/Dryer in house. Pool and jacuzzi in backyard and plenty of off street parking. Back house is 2 bedroom/1 bath with new hardwood floors washer and dryer on side of house. Both houses share storage in a garage. Both houses are on month-to-month rental agreements.

Last Agent to Sell the Property

Robert Hovard

Broadmoor Realty, Inc. License #00457499 Listed on: 10/09/2017

Last Buyer's Agent

Robert Hovard

Broadmoor Realty, Inc. License #00457499 Listed on: 10/09/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 6,518 Sq Ft Lot
  • No Common Walls

Interior Spaces

  • 2,376 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • In Ground Pool
  • Property is near park

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 5500
  • Assessor Parcel Number 7255026020

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $900
  • Pool Expense $960
  • Trash Expense $792
  • Gross Income $67,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Belmont Heights (BH)
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7255026020
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 484.01

Exterior Features

  • Pool Expense: 960.00
  • Pool Features: Private, In Ground
  • Pool Private: Yes

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 792.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 6518.00

Multi Family

  • Gross Income: 67800.00
  • Gross Scheduled Income: 67800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 2652.00
  • Rent Control: No

Tax Info

  • Tax Census Tract: 5772.00
  • Tax Lot: 16
  • Tax Tract Number: 5500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2017
Closed on
Mar 1, 2018
Sold by
Lansangan Deanna G
Bought by
Lansangan Deanna and Lansangan Family Trust
Seller's Agent
Robert Hovard
Broadmoor Realty, Inc.
Buyer's Agent
Robert Hovard
Broadmoor Realty, Inc.
List Price
$1,199,000
Sold Price
$1,150,000
Premium/Discount to List
-$49,000
-4.09%
Current Estimated Value
$1,766,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$616,825
Avg. Annual Appreciation
5.73%

Purchase Details

Closed on
Oct 31, 2017
Sold by
Bryson Richard W and The Richard W Bryson Trust
Bought by
Lansangan Deanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$814,500
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2015
Sold by
Bryson Richard W and Bryson Amended
Bought by
Bryson Richard W and Richard W Bryson Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 5, 2015
Closed on
Jun 19, 2015
Sold by
Dowe Teddy J and Dowe Lori
Bought by
Bryson Richard W
Seller's Agent
Jerry Andis
Coldwell Banker Realty
Buyer's Agent
Jerry Andis
Coldwell Banker Realty
List Price
$1,140,000
Sold Price
$1,045,000
Premium/Discount to List
-$95,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.29%

Purchase Details

Closed on
Jul 8, 2014
Sold by
Dowe Lori and Westcott Lori
Bought by
Dowe Teddy J and Dowe Lori

Purchase Details

Closed on
Jan 22, 2004
Sold by
Avakian Loreen and Avakian Gareen
Bought by
Westcott Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 1997
Sold by
Rihacek Gregory and Dalzell John E
Bought by
Avakian Gareen and Avakian Loreen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,550
Interest Rate
7.05%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lansangan Deanna -- Accommodation
Lansangan Deanna $1,150,000 Fidelity National Title Agen
Bryson Richard W -- Fidelity National Title
Bryson Richard W $1,045,000 First American Title Company
Dowe Teddy J -- None Available
Westcott Lori $855,000 Lawyers Title
Avakian Gareen $359,900 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lansangan Deanna $814,500
Previous Owner Bryson Richard W $700,000
Previous Owner Westcott Lori $333,700
Previous Owner Avakian Gareen $323,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/12/2018 01/12/18 Sold $1,150,000 -4.1% $484 / Sq Ft
10/31/2017 10/31/17 Pending -- -- --
10/09/2017 10/09/17 For Sale $1,199,000 +14.7% $505 / Sq Ft
07/14/2015 07/14/15 Sold $1,045,000 -8.3% $440 / Sq Ft View Prior Sale
06/17/2015 06/17/15 Pending -- -- --
06/05/2015 06/05/15 For Sale $1,140,000 -- $480 / 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 $16,491 $1,308,499 $910,261 $398,238
2024 $16,491 $1,282,843 $892,413 $390,430
2023 $16,219 $1,257,690 $874,915 $382,775
2022 $15,219 $1,233,030 $857,760 $375,270
2021 $14,927 $1,208,854 $840,942 $367,912
2020 $14,888 $1,196,460 $832,320 $364,140
2019 $14,714 $1,173,000 $816,000 $357,000
2018 $13,514 $1,087,218 $759,492 $327,726
2016 $12,429 $1,045,000 $730,000 $315,000
2015 $12,086 $1,050,898 $709,802 $341,096
2014 $11,992 $1,030,313 $695,898 $334,415
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Robert Hovard

    Broadmoor Realty, Inc.

    (562) 438-0910

    1 in this area

    13 Total Sales

    Robert Hovard
    Section Image

  • J

    Seller's Agent in 2015

    Jerry Andis

    Coldwell Banker Realty

    (562) 895-0675

    4 in this area

    11 Total Sales

    Jerry Andis
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17232712

California Regional Multiple Listing Service (CRMLS)

APN: 7255-026-020

California Los Angeles County Long Beach 90803 Belmont Heights

245 Termino Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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