NOT LISTED FOR SALE

Estimated Value: $1,817,000 - $2,121,000

4 Beds
4 Baths
2,882 Sq Ft
$665/Sq Ft Est. Value

Last Sold April 21, 2023

Last sale price $1,719,500 $597 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $11,461/month

99 Days on Market

Highlights

  • Ocean View
  • Across the Road from Lake or Ocean
  • Wood Flooring
  • Naples Bayside Academy Rated A
  • Traditional Architecture
  • Laundry Room

About This Home

As of April 2023

Welcome to Belmont Shore. First time to market in nearly 60 years, this legacy multi unit property is less than one block from the sand. The first 2 bed 1 bath unit is a ground floor unit with hardwood flooring, central heat and ac, washer dryer hook ups. The second 2 bed 1 bath unit is an upper level unit with hardwood flooring, updated kitchen and bath, central heat and ac, washer dryer hook ups, expansive balcony with ocean views and access to a roof top deck with stunning views of the pacific ocean. There are 2 studios one on the upper level and one on the ground level. All units are well maintained and fully occupied with a very low vacancy rate. The property is very short distance to Naples Island, The Peninsula, Shops, Eateries and boutiques on 2nd Street and award-winning schools Lowell Elementary, Rogers Middle School and Wilson High School. Located in one of the most walkable neighborhoods that Long Beach has to offer Belmont Shore is a popular spot for volleyball, kite surfing, biking, paddleboarding, and much more.

Last Agent to Sell the Property

Holly Kovich

Holly Kovich and Associates License #01350418 Listed on: 11/29/2022

Last Buyer's Agent

Richard Hernandez

Omni Group Real Estate License #01732845

Omni Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,033

Year Built

  • Built in 1945

Lot Details

  • 2,347 Sq Ft Lot
  • Two or More Common Walls
  • West Facing Home
  • Masonry wall
  • Wrought Iron Fence
  • Wood Fence
  • Density is up to 1 Unit/Acre

Property Views

  • Ocean
  • Coastline

Home Design

  • Triplex
  • Traditional Architecture
  • Turnkey
  • Flat Roof Shape
  • Raised Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,882 Sq Ft Home
  • 2-Story Property
  • Sliding Doors
  • Electric Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Mirrored Closets Doors
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Location

  • Across the Road from Lake or Ocean
  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Wall Furnace
  • Overhead Utilities
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 10 / 36
  • Tax Tract Number 3750
  • Assessor Parcel Number 7245007009

Community Details

Overview

  • 4 Units
  • Belmont Shore Subdivision

Building Details

  • 4 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Electric Expense $2,000
  • Gardener Expense $1,440
  • Insurance Expense $490
  • Maintenance Expense $10,257
  • Professional Management Expense $1,204
  • Supplies Expense $3,941
  • Trash Expense $864
  • Water Sewer Expense $1,013
  • New Taxes Expense $22,000
  • Operating Expense $43,209
  • Gross Income $106,080
  • Net Operating Income $83,395

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,033

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Assessments: Yes
  • Inclusions: All exisiting appliances
  • Price Per Unit: 443750
  • Professional Management Expense: 1204.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Belmont Shore (BSD)
  • Supplies Expense: 3941.00
  • View: Yes
  • Water Sewer Expenses: 1013.00
  • Zoning: LBR2S
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 7245007009
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Door Features: Mirror Closet Door(s), Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 596.63

Exterior Features

  • Direction Faces: West
  • Foundation: Raised
  • View: Coastline, Ocean
  • Fence: Yes
  • Fencing: Masonry, Wood, Wrought Iron
  • Pool Private: No
  • Roof: Flat, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Water Heater
  • Electric: Standard
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 864.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Utilities - Overhead
  • Lot Size Sq Ft: 2347.00
  • Lot Size Acres: 0.0539

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 2000.00
  • Gross Operating Income: 106080.00
  • Gross Scheduled Income: 106080.00
  • Insurance Expense: 490.00
  • Lot Size Area: 2347.0000 Square Feet
  • Maintenance Expense: 10257.00
  • Net Operating Income: 83395.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 22685.00
  • Rent Control: No
  • Total Actual Rent: 8840.00
  • Total Expenses: 43209.00
  • Waterfront Features: Across the Road from Lake/Ocean

Tax Info

  • New Taxes Expense: 22000.00
  • Tax Block: 36
  • Tax Census Tract: 5773.00
  • Tax Lot: 10
  • Tax Tract Number: 3750

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2022
Closed on
Apr 17, 2023
Sold by
Ramos Michelle and Gawley Amalia P
Bought by
Ramos Mark A
Seller's Agent
Holly Kovich
Holly Kovich and Associates
Buyer's Agent
Richard Hernandez
Omni Group Real Estate
List Price
$1,775,000
Sold Price
$1,719,500
Premium/Discount to List
-$55,500
-3.13%
Views
114
Current Estimated Value
$1,915,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,338
Avg. Annual Appreciation
3.96%
Original Mortgage
$650,000
Outstanding Balance
$632,714
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$1,254,806

Purchase Details

Closed on
Jul 23, 2015
Sold by
Deeds Katherine
Bought by
Deeds Katherine and Gawley Amalia P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 1998
Sold by
Manis Polakis Luella
Bought by
Manis Polakis Luella and The Luella Manis Polakis Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
7.17%

Purchase Details

Closed on
Oct 29, 1997
Sold by
Polakis Luella
Bought by
Manis Polakis Luella and Luella Manis Polakis Revocable Trust
Source: Public Records

Range of Values:

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Average Value
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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
Ramos Mark A -- Fidelity National Title
Ramos Mark A $1,719,500 Fidelity National Title
Ramos Mark A -- Fidelity National Title
Deeds Katherine -- None Available
Manis Polakis Luella -- First American Title Ins Co
Manis Polakis Luella -- First American Title Ins Co
Manis Polakis Luella -- First American Title Ins Co
Manis Polakis Luella -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramos Mark A $650,000
Closed Ramos Mark A $650,000
Previous Owner Gawley Amalia P $355,000
Previous Owner Manis Polakis Luella $232,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2023 04/21/23 Sold $1,719,500 -3.1% $597 / Sq Ft
03/08/2023 03/08/23 Pending -- -- --
02/21/2023 02/21/23 Price Changed $1,775,000 0.0% $616 / Sq Ft
02/21/2023 02/21/23 For Sale $1,775,000 -4.1% $616 / Sq Ft
02/05/2023 02/05/23 Pending -- -- --
11/29/2022 11/29/22 For Sale $1,850,000 -- $642 / 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 $15,033 $1,180,073 $765,179 $414,894
2024 $15,033 $1,156,935 $750,176 $406,759
2023 $2,187 $124,593 $68,071 $56,522
2022 $2,069 $122,151 $66,737 $55,414
2021 $2,005 $119,757 $65,429 $54,328
2019 $1,976 $116,607 $63,490 $53,117
2018 $1,891 $114,330 $62,246 $52,084
2016 $1,728 $109,508 $59,830 $49,678
2015 $1,669 $107,864 $58,932 $48,932
2014 $1,675 $105,752 $57,778 $47,974
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22247397

California Regional Multiple Listing Service (CRMLS)

APN: 7245-007-009