Seller's Agent in 2023
Michael Barber
Coldwell Banker Realty
(562) 659-3057
2 in this area
21 Total Sales
265 Molino Ave Long Beach, CA 90803
Bluff Heights NeighborhoodEstimated Value: $1,806,000 - $2,227,000
8
Beds
8
Baths
4,020
Sq Ft
$497/Sq Ft
Est. Value
Highlights
- No Units Above
- Property is near a park
- Living Room
- Woodrow Wilson High School Rated A
- No HOA
- Laundry Room
About This Home
As of March 2023Location 10+, located in "Prime Belmont Heights (adjacent to Bluff Park)". These 4 units are all spacious townhouse style units. with open kitchens, one bath down and one up, super large bedrooms and all have large private patios. (3 of the four have been upgraded, one unit also has a den/office area). New 30 year recently installed. Extremely large lot, property has 3 full size garages and 5 parking spaces (parking for 8 cars) and community laundry area. Possibility of an ADU unit being added for even more income (Buyer to confirm with City). Location, Location 3 short blocks to the beach, close to the beach bike path, art museum, Bixby Park, all the trendy eateries and entertainment on Broadway, and also very close to Belmont Shore/Downtown. This Belmont Heights Beauty won't last and the desirable location is a huge plus.
Last Agent to Sell the Property
Coldwell Banker Realty License #01332558 Listed on: 01/10/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 6,786 Sq Ft Lot
- No Units Above
- End Unit
- No Units Located Below
- Two or More Common Walls
Parking
- 5 Open Parking Spaces
- 3 Car Garage
- Parking Available
- Three Garage Doors
- Parking Lot
- Assigned Parking
Home Design
- Quadruplex
- Composition Roof
Interior Spaces
- 4,020 Sq Ft Home
- Living Room
- Electric Range
Bedrooms and Bathrooms
- 8 Bedrooms
- All Upper Level Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Outdoor Features
- Exterior Lighting
Location
- Property is near a park
- Property is near public transit
Utilities
- Radiant Heating System
- Water Heater
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Tax Lot 21
- Tax Tract Number 21
- Assessor Parcel Number 7263017009
- $3,835 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
- Belmont Heights Subdivision
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 1 Separate Water Meter
- Electric Expense $801
- Insurance Expense $2,545
- Pest Control $756
- Professional Management Expense $1,200
- Trash Expense $1,183
- Water Sewer Expense $1,183
- Operating Expense $7,668
- Gross Income $9,220
- Net Operating Income $1,552
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 10, 2023
Closed on
Jan 30, 2023
Sold by
Hebish James
Bought by
Qazi Ghori Trust and Ghori
Seller's Agent
Michael Barber
Coldwell Banker Realty
Buyer's Agent
Maggie Ding
Compass
List Price
$1,875,000
Sold Price
$1,815,000
Premium/Discount to List
-$60,000
-3.2%
Views
49
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
$183,950
Avg. Annual Appreciation
3.50%
Original Mortgage
$907,500
Outstanding Balance
$878,089
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$1,120,861
Purchase Details
Closed on
Dec 22, 2022
Sold by
Jack N Hoar Revocable Trust
Bought by
Hebish James
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$907,500
Outstanding Balance
$878,089
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$1,120,861
Purchase Details
Closed on
Mar 13, 1995
Sold by
Hoar Jack N
Bought by
Hoar Jack N and Jack N Hoar Revocable Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Qazi Ghori Trust | $1,815,000 | Fidelity National Title | |
| Hebish James | $1,300,000 | Fidelity National Title | |
| Hoar Jack N | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Qazi Ghori Trust | $907,500 | |
| Previous Owner | Hebish James | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/01/2023 03/01/23 | Sold | $1,815,000 | -3.2% | $451 / Sq Ft |
| 01/10/2023 01/10/23 | For Sale | $1,875,000 | -- | $466 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $23,932 | $1,888,326 | $1,248,480 | $639,846 |
| 2024 | $23,932 | $1,851,300 | $1,224,000 | $627,300 |
| 2023 | $4,191 | $260,428 | $75,396 | $185,032 |
| 2022 | $3,960 | $255,322 | $73,918 | $181,404 |
| 2021 | $3,853 | $250,317 | $72,469 | $177,848 |
| 2019 | $3,800 | $242,894 | $70,320 | $172,574 |
| 2018 | $3,598 | $238,133 | $68,942 | $169,191 |
| 2016 | $3,295 | $228,888 | $66,266 | $162,622 |
| 2015 | $3,177 | $225,451 | $65,271 | $160,180 |
| 2014 | $3,179 | $221,036 | $63,993 | $157,043 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Barber
-
Maggie Ding
Buyer's Agent in 2023
Maggie Ding
Compass
(310) 345-0075
1 in this area
275 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23005216
APN: 7263-017-009
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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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