$1,045,000
SOLD JUL 14, 2015
5 Beds
3 Baths
2,376 Sq Ft
6,518 Sq Ft Lot

Recently Sold

$440 Per Sq Ft

8% Below List Price

12 Days on Market

Highlights

  • Guest House
  • Heated In Ground Pool
  • Property is near public transit
  • Fremont Elementary School Rated A
  • Fireplace in Kitchen
  • Wood Flooring

About This Home

As of January 2018

Prime duplex in Belmont Heights. Beautiful duplex 3 blocks from beach, front house has 3 bedrooms and 2 baths with nice swimming pool (private for front house) and connected hot tub. Back house is 2 bedrooms and 1 bath, well maintained. Attached is over sized 1 car garage in back of property. Both units have their own washer and dryer hookups.

Excellent opportunity to live in one unit and rent out the other. Great neighborhood close to everything, walk to Belmont Shore, close to Cal State Long Beach and excellent schools and more.

Pictures to be loaded Monday June 8th.

Last Agent to Sell the Property

Jerry Andis

Coldwell Banker Realty License #01423052 Listed on: 06/05/2015

Coldwell Banker Realty

Last Buyer's Agent

Jerry Andis

Coldwell Banker Realty License #01423052 Listed on: 06/05/2015

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,491

Year Built

  • Built in 1919

Lot Details

  • 6,518 Sq Ft Lot
  • Lot Dimensions are 50x130
  • Property fronts an alley
  • No Common Walls
  • East Facing Home
  • Vinyl Fence
  • Wood Fence
  • Fence is in good condition
  • Landscaped
  • Front and Side Yard Sprinklers
  • Lawn

Parking

  • 1 Car Garage
  • Parking Available
  • Single Garage Door
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Home Design

  • Bungalow
  • Shingle Roof

Interior Spaces

  • 2,376 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Gas Fireplace
  • Awning
  • Sliding Doors
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Sun or Florida Room
  • 220 Volts In Laundry

Kitchen

  • Galley Kitchen
  • Gas Cooktop
  • Free-Standing Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Formica Countertops
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Mirrored Closets Doors
  • 3 Bathrooms

Accessible Home Design

  • No Interior Steps
  • More Than Two Accessible Exits
  • Accessible Parking

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gas Heated Pool
  • Fence Around Pool

Outdoor Features

  • Fireplace in Patio
  • Exterior Lighting

Additional Homes

  • Two Homes on a Lot
  • Guest House
  • Fireplace in Guest House

Location

  • Property is near public transit

Utilities

  • Floor Furnace
  • Overhead Utilities
  • 220 Volts For Spa
  • Gas Water Heater
  • Satellite Dish

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance
  • Legal Lot and Block 16 / G
  • 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
  • 1 Separate Water Meter
  • Electric Expense $900
  • Gardener Expense $900
  • Insurance Expense $1,200
  • Pool Expense $600
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • New Taxes Expense $12,540
  • Net Operating Income $5,225

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,491

Year Built

Built in 1919

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • Other Phone Description: 562 895-0675
  • Other Phone Number: 562 895-0675
  • Property Attached: No
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 1200.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7255026020
  • Year Built: 1919
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Formica Counters, Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Accessibility Features: 2+ Access Exits, No Interior Steps, Parking
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Fireplace Features: Dining Room, Gas, Guest House, Kitchen, Living Room, Patio
  • Levels: One
  • Price Per Square Foot: 439.81
  • Room Type: All Bedrooms Down, Galley Kitchen, Living Room, Sun
  • Spa Features: Heated, In Ground
  • Room Kitchen Features: Kitchen Island

Exterior Features

  • Direction Faces: East
  • Other Structures: Guest House, Two On A Lot
  • Exterior Features: Awning(s), Lighting, Satellite Dish
  • Fencing: Good Condition, Vinyl, Wood
  • Pool Expense: 600.00
  • Pool Features: Fenced, Heated, Gas Heat, In Ground, Private
  • Pool Private: Yes
  • Roof: Shingle
  • Spa: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage Door Opener, Off Street, Garage - Single Door
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available, Water Connected
  • Heating: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Cooktop, Gas Water Heater, Microwave
  • Electric: 220 Volts in Laundry, 220 Volts For Spa
  • Heating Type: Floor Furnace
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Front Yard, Lawn, Landscaped, Sprinklers In Front, Sprinklers On Side, Sprinklers Timer, Sprinkler System, Near Public Transit, Utilities - Overhead
  • Lot Size: 50x130
  • Lot Size Sq Ft: 6518.00
  • Price Per Lot Square Foot: 160.33
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance

Multi Family

  • Average2 Bed Area: 918
  • Average3 Bed Area: 1458
  • Electric Expense: 900.00
  • Gross Scheduled Income: 5600.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 6518.0000 Square Feet
  • Net Operating Income: 5225.00
  • 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: 375.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 12540.00
  • Tax Block: G
  • Taxes Percent: 1.10
  • Tax Lot: 16
  • Tax Tract Number: 00
  • Tax Year: 2014

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
$1,877,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$727,648
Avg. Annual Appreciation
5.85%

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
5.36%

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:

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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 Type Sale Price Title Company
Interfamily Deed Transfer -- Accommodation
Grant Deed $1,150,000 Fidelity National Title Agen
Interfamily Deed Transfer -- Fidelity National Title
Grant Deed $1,045,000 First American Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $855,000 Lawyers Title
Grant Deed $359,900 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $763,700 New Conventional
Previous Owner $814,500 New Conventional
Previous Owner $770,000 Commercial
Previous Owner $700,000 Purchase Money Mortgage
Previous Owner $352,000 New Conventional
Previous Owner $385,800 Fannie Mae Freddie Mac
Previous Owner $60,000 Credit Line Revolving
Previous Owner $333,700 Purchase Money Mortgage
Previous Owner $464,000 Unknown
Previous Owner $571,000 Unknown
Previous Owner $24,000 Stand Alone Second
Previous Owner $323,550 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15122771

California Regional Multiple Listing Service (CRMLS)

APN: 7255-026-020