M
Seller's Agent in 2025
Mark Johnson
Coldwell Banker Realty
(562) 494-4600
1 in this area
9 Total Sales
271 Covina Ave Unit 4 Long Beach, CA 90803
Belmont Shore Neighborhood
5
Beds
4
Baths
2,880
Sq Ft
4,757
Sq Ft Lot
Highlights
- Laundry Room
- Lowell Elementary School Rated A-
- Bike Trail
About This Home
As of July 2025Tremendous opportunity to own this pride of ownership building in a fabulous location. The location in highly sought after Belmont Park north of 2nd street, but very walkable down to the hustle and bustle of 2nd street. One of the 4 units has been converted into a 2 bedroom, and 2 of the units have their own laundry. There is also a laundry room on-site and the 4 garages. All of the units are currently rented and there is still some room for rent increase currently. The building has great curb appeal and great for owner occupied or to add to your investment portfolio. Potential for ADU's over garages, this has been done on same block Buyer to investigate.
Last Agent to Sell the Property
Coldwell Banker Realty Brokerage Phone: 562-889-7191 License #01231440 Listed on: 06/26/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,333
Year Built
- Built in 1943
Lot Details
- 4,757 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 2,880 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, trash collection
- Legal Lot and Block 9 / 25
- Tax Tract Number 7029
- Assessor Parcel Number 7249012031
- $828 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 2 Buildings
- 4 Units
- Belmont Park Subdivision
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,100
- Fuel Expense $700
- Gardener Expense $660
- Insurance Expense $4,475
- Pest Control $600
- Professional Management Expense $6,624
- Trash Expense $370
- Water Sewer Expense $1,350
- Operating Expense $16,429
- Gross Income $110,400
- Net Operating Income $93,971
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 26, 2025
Closed on
Jul 7, 2025
Sold by
Cass Bastain 2008 Trust and Bastain Theresa Meredith
Bought by
Kip One Llc
Seller's Agent
Mark Johnson
Coldwell Banker Realty
Buyer's Agent
Lisa Broder
Think Boutiq Real Estate
List Price
$1,799,000
Sold Price
$1,780,000
Premium/Discount to List
-$19,000
-1.06%
Views
14
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-76.15%
Original Mortgage
$850,000
Outstanding Balance
$849,277
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$607,056
Purchase Details
Closed on
Sep 23, 2008
Sold by
Bastain Cass W
Bought by
Bastain Cass W and Cass Bastain 2008 Trust
Purchase Details
Closed on
Mar 29, 2005
Sold by
Bastain Jeanette L
Bought by
Bastain Cass W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.6%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jul 17, 2003
Sold by
Bastain Cass W
Bought by
Bastain Cass W and Bastain Jeanette L
Purchase Details
Closed on
Jun 19, 2002
Sold by
Deckert Jeanette
Bought by
Bastain Cass W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.71%
Purchase Details
Closed on
Jan 18, 2000
Sold by
Shultz Michael W
Bought by
Bastain Cass W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,276
Interest Rate
7.87%
Mortgage Type
Seller Take Back
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,780,000 | Ticor Title Company | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Fidelity Title | |
| Grant Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $850,000 | New Conventional | |
| Previous Owner | $745,000 | New Conventional | |
| Previous Owner | $354,588 | New Conventional | |
| Previous Owner | $50,000 | Seller Take Back | |
| Previous Owner | $500,000 | Credit Line Revolving | |
| Previous Owner | $411,500 | Unknown | |
| Previous Owner | $88,000 | Credit Line Revolving | |
| Previous Owner | $400,000 | No Value Available | |
| Previous Owner | $149,276 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Sold | $1,780,000 | -1.1% | $618 / Sq Ft |
| 06/26/2025 06/26/25 | For Sale | $1,799,000 | -- | $625 / 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 | $8,333 | $1,800,000 | $1,000,000 | $800,000 |
| 2024 | $8,333 | $602,716 | $421,907 | $180,809 |
| 2023 | $8,189 | $590,899 | $413,635 | $177,264 |
| 2022 | $7,700 | $579,314 | $405,525 | $173,789 |
| 2021 | $7,532 | $567,956 | $397,574 | $170,382 |
| 2019 | $7,426 | $551,752 | $385,783 | $165,969 |
| 2018 | $7,171 | $540,947 | $378,219 | $162,728 |
| 2016 | $6,595 | $519,328 | $363,533 | $155,795 |
| 2015 | $6,338 | $511,528 | $358,073 | $153,455 |
| 2014 | $6,309 | $501,509 | $351,059 | $150,450 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Johnson
-
Lisa Broder
Buyer's Agent in 2025
Lisa Broder
Think Boutiq Real Estate
(562) 900-4444
2 in this area
48 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25142602
APN: 7249-012-031
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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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