NOT LISTED FOR SALE

Estimated Value: $1,572,000 - $2,030,927

5 Beds
2 Baths
2,790 Sq Ft
$634/Sq Ft Est. Value

Last Sold October 30, 2021

Last sale price $1,410,500 $506 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $11,353/month

18 Days on Market

Highlights

  • Property is near a park
  • Private Yard
  • Landscaped
  • Fremont Elementary School Rated A
  • Laundry Room
  • 1-Story Property

About This Home

As of October 2021

Situated in prestigious Belmont Heights, two homes on one lot. This 2-on-1 lot property is an amazing opportunity. Outstanding location on an absolutely gorgeous tree lined street in one of the most desirable neighborhoods in Long Beach. Live in one and rent the other or great for multigenerational use. Lot size 6504.

Owners front house 305 Roycroft offers 2bd/2ba's, fireplace, an updated kitchen, laundry room, dining room, private side patio, central air and heat and ample closet space. The large dining room has potential to be converted into a 3rd bedroom.

The back house, 307 Roycroft has two stories, 3bd's/2ba's with an updated kitchen, two bedrooms downstairs, master bedroom upstairs, as well as an office space, laundry available, central air and heat and a private enclosed front porch with its own yard.

Newer roofs on all structures. There is a single car garage and off street parking to accommodate up to 3 to 4 cars. Separate gas and electric meters. The front house has newer windows, siding and beautifully boxed in eaves. The back house is currently tenant occupied. Both houses have updated electrical.

Close to Colorado Lagoon, Marine Stadium, Farmers Market, Summer time Concerts in the Park, Ma N Pa's Grocery, Cal State Long Beach, dining, shopping and much, much more.

Last Agent to Sell the Property

Ginette Skelton

Coldwell Banker Realty License #01795366 Listed on: 09/13/2021

Coldwell Banker Realty

Last Buyer's Agent

Glenn Brander

Miller & Desatnik Realty Co. License #01020228

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,807

Year Built

  • Built in 1916

Lot Details

  • 6,504 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Sprinkler System
  • Private Yard
  • Lawn

Parking

  • 1 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,790 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Location

  • Property is near a park
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 2
  • Assessor Parcel Number 7250014025
  • $547 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 2 Units
  • Belmont Heights Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,230
  • Trash Expense $47
  • Water Sewer Expense $60
  • Operating Expense $2,337
  • Gross Income $24,000
  • Net Operating Income $19,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,807

Year Built

Built in 1916

Lot Details

0

Parking

1

Listing Details

  • Inclusions: Stove/Refrigerator both Houses
  • Price Per Unit: 749950
  • Property Attached: No
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 60.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7250014025
  • Year Built: 1916
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 505.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 47.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn, Near Public Transit, Park Nearby, Sprinkler System, Yard
  • Lot Size Sq Ft: 6504.00
  • Lot Size Acres: 0.1493

Multi Family

  • Gross Income: 24000.00
  • Gross Scheduled Income: 24000.00
  • Insurance Expense: 2230.00
  • Lot Size Area: 6504.0000 Square Feet
  • Net Operating Income: 19200.00
  • 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: 4800.00
  • Rent Control: No
  • Total Expenses: 2337.00

Tax Info

  • Tax Census Tract: 5776.03
  • Tax Lot: 23
  • Tax Tract Number: 2
  • TaxOtherAnnualAssessmentAmount: 547.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2021
Closed on
Oct 14, 2021
Sold by
Zucker Edward I and Zucker Barbara B
Bought by
Brannan Matthew C and Robbins Jennifer L
Seller's Agent
Ginette Skelton
Coldwell Banker Realty
Buyer's Agent
Glenn Brander
Miller & Desatnik Realty Co.
List Price
$1,499,000
Sold Price
$1,410,500
Premium/Discount to List
-$88,500
-5.9%
Current Estimated Value
$1,768,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$357,982
Avg. Annual Appreciation
6.27%

Purchase Details

Closed on
May 18, 2018
Sold by
Zucker Edward I and Zucker Barbara B
Bought by
Zucker Edward I and Zucker Barbara B

Purchase Details

Closed on
Jul 26, 2002
Sold by
Wong Dennis M and Wong Shirley S
Bought by
Zucker Edward I and Zucker Barbara B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,000
Interest Rate
6.24%

Purchase Details

Closed on
May 27, 1998
Sold by
Roddy Annette I
Bought by
Roddy Phillip J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.75%

Purchase Details

Closed on
Apr 29, 1998
Sold by
Roddy Phillip J
Bought by
Wong Dennis M and Lee Shirley S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.75%
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
Brannan Matthew C $1,410,500 Monarch Title Company
Zucker Edward I -- None Available
Zucker Edward I $670,000 Commonwealth Land Title Co
Roddy Phillip J -- North American Title Co
Wong Dennis M $375,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zucker Edward I $35,000
Previous Owner Zucker Edward I $50,000
Previous Owner Zucker Edward I $487,000
Previous Owner Zucker Edward I $490,000
Previous Owner Zucker Edward I $493,000
Previous Owner Zucker Edward I $495,000
Previous Owner Zucker Edward I $512,300
Previous Owner Zucker Edward I $100,000
Previous Owner Zucker Edward I $100,000
Previous Owner Zucker Edward I $129,000
Previous Owner Zucker Edward I $536,000
Previous Owner Wong Dennis M $300,000
Closed Wong Dennis M $37,500
Closed Zucker Edward I $66,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2021 10/30/21 Sold $1,410,500 0.0% $506 / Sq Ft
10/30/2021 10/30/21 Sold $1,410,500 -6.0% $506 / Sq Ft
10/01/2021 10/01/21 Pending -- -- --
10/01/2021 10/01/21 Pending -- -- --
09/14/2021 09/14/21 Price Changed $1,499,900 0.0% $538 / Sq Ft
09/14/2021 09/14/21 Price Changed $1,499,900 +0.1% $538 / Sq Ft
09/13/2021 09/13/21 Price Changed $1,499,000 0.0% $537 / Sq Ft
09/13/2021 09/13/21 For Sale $1,499,000 -0.1% $537 / Sq Ft
08/28/2021 08/28/21 For Sale $1,500,000 -- $538 / 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
2024 $18,807 $1,467,484 $951,966 $515,518
2023 $18,498 $1,438,710 $933,300 $505,410
2022 $17,355 $1,410,500 $915,000 $495,500
2021 $11,228 $896,471 $468,308 $428,163
2020 $11,198 $887,280 $463,507 $423,773
2019 $11,069 $869,883 $454,419 $415,464
2018 $10,708 $852,827 $445,509 $407,318
2016 $9,842 $819,712 $428,210 $391,502
2015 $9,443 $807,400 $421,778 $385,622
2014 $9,375 $791,585 $413,516 $378,069
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21202026

California Regional Multiple Listing Service (CRMLS)

APN: 7250-014-025