Seller's Agent in 2024
Kurt Wood
Belmont Brokerage & Mgmt. INC.
(562) 301-6763
2 in this area
17 Total Sales
263 Covina Ave Long Beach, CA 90803
Belmont Shore NeighborhoodEstimated Value: $1,404,000 - $1,801,000
4
Beds
4
Baths
2,880
Sq Ft
$566/Sq Ft
Est. Value
Highlights
- Contemporary Architecture
- Lowell Elementary School Rated A-
- Corner Lot
About This Home
As of December 2024Extremely rare opportunity to own a fourplex in the highly sought after coastal community of Belmont Shore. The Belmont Shore lifestyle offers exceptional recreation and life-style opportunities. This equates to a strong rental market. You can walk to 2nd Street for shopping and restaurants or the beach. It is located north of 2nd Street where street parking is easier to obtain. This property has 4 one bedroom/one bath units. It also has 2 double car garages renting for $200 each. Actual rents total $7,826 per month which equals a 13.8 GRM. Potential rents based on the average RentOmeter analysis equals $8,196 per month, for a 13.2 GRM.
Property Details
Home Type
- Apartment
Year Built
- Built in 1943
Lot Details
- 4,878 Sq Ft Lot
- Property fronts an alley
- No Common Walls
- Corner Lot
Parking
- 2 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Contemporary Architecture
- Entry on the 1st floor
- Flat Roof Shape
- Raised Foundation
Interior Spaces
- 2,880 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Additional Features
- Exterior Lighting
- Suburban Location
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 5 / 25
- Tax Tract Number 7029
- Assessor Parcel Number 7249012027
- $803 per year additional tax assessments
Community Details
Overview
- 4 Units
- Belmont Shore Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $93,912
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 16, 2024
Closed on
Oct 31, 2024
Sold by
Bought by
Seller's Agent
Kurt Wood
Belmont Brokerage & Mgmt. INC.
Buyer's Agent
Kurt Wood
Belmont Brokerage & Mgmt. INC.
List Price
$1,300,000
Sold Price
$1,450,000
Premium/Discount to List
$150,000
11.54%
Views
26
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
$179,056
Avg. Annual Appreciation
7.50%
Original Mortgage
$870,000
Interest Rate
0.0672%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 6, 2010
Sold by
Bought by
Purchase Details
Closed on
Oct 8, 1993
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,450,000 | Fidelity National Title | ||
| -- | None Available | ||
| -- | Fidelity National Title Insu |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,770,000 | ||
| Previous Owner | $870,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/16/2024 12/16/24 | Sold | $1,450,000 | +11.5% | $503 / Sq Ft |
| 10/21/2024 10/21/24 | Pending | -- | -- | -- |
| 10/16/2024 10/16/24 | For Sale | $1,300,000 | -- | $451 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $19,262 | $1,450,000 | $580,000 | $870,000 |
| 2024 | $7,177 | $512,231 | $192,080 | $320,151 |
| 2023 | $7,052 | $502,188 | $188,314 | $313,874 |
| 2022 | $6,633 | $492,342 | $184,622 | $307,720 |
| 2021 | $6,484 | $482,689 | $181,002 | $301,687 |
| 2019 | $6,392 | $468,375 | $175,635 | $292,740 |
| 2018 | $6,183 | $459,192 | $172,192 | $287,000 |
| 2016 | $5,686 | $441,362 | $165,506 | $275,856 |
| 2015 | $5,466 | $434,733 | $163,020 | $271,713 |
| 2014 | $5,445 | $426,218 | $159,827 | $266,391 |
Source: Public Records
Agents Affiliated with this Home
-
Kurt Wood
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24213157
APN: 7249-012-027
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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