NOT LISTED FOR SALE

Estimated Value: $1,793,000 - $2,609,917

5 Beds
4 Baths
2,702 Sq Ft
$791/Sq Ft Est. Value

Last Sold March 02, 2022

Last sale price $2,150,000 $796 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $13,982/month

6 Days on Market

Highlights

  • Golf Course Community
  • Home fronts a lagoon or estuary
  • Open Floorplan
  • Lowell Elementary School Rated A-
  • Primary Bedroom Suite
  • 4-minute walk to Colorado Lagoon

About This Home

As of March 2022

Welcome home! This stunning duplex was originally a 1920’s house that was completely rebuilt in 2015 and remodeled with a ton of custom features. 320 Argonne Avenue is a comfortable 2bed/1bath unit that offers a well laid out floor plan that opens up to a private backyard and a detached 2 car garage with laundry room inside. 318 Argonne Avenue is a beautiful 3bed/3bath home that offers an elegant open concept layout that is perfect for family gatherings. The custom kitchen and oversized island opens up to a private deck overseeing the backyard. This home also has a laundry space adjacent to the master suit and private office that is attached to the detached 2 car garage. The whole property was rebuilt on a new foundation, CAT-6 hardwired throughout, all interior walls sound proofed & insulated, custom hardwood & tile work throughout, zoned HVAC systems, Ipe wood decks, heated/cooled floors, gas enclosed fireplaces, outdoor fireplace, and plenty of other custom features that will make homeownership enjoyable. Located on a peaceful street in the highly sought after neighborhood of Belmont Heights, you can be within close proximity to the best Long Beach has to offer including Marine Stadium Park, Colorado Lagoon, Recreation Park Golf Courses, weekly local farmer's markets, 2nd Street shops & restaurants, dog parks, local playgrounds, and so much more. Additionally, this home is located near the best schools within the Long Beach Unified School District. This amazing opportunity is waiting for you!

Last Agent to Sell the Property

Matt Mahowald

Buckingham Investments, Inc License #02001732 Listed on: 02/03/2022

Last Buyer's Agent

Romin Rad

LA Estate Brokerage License #01725984

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,270

Year Built

  • Built in 2015

Lot Details

  • 6,360 Sq Ft Lot
  • Home fronts a lagoon or estuary
  • 1 Common Wall
  • Back and Front Yard

Parking

  • 4 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Parking Storage or Cabinetry
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Garage Door Opener

Home Design

  • Property Attached
  • Turnkey
  • Concrete Roof

Interior Spaces

  • 2,702 Sq Ft Home
  • Open Floorplan
  • Wired For Data
  • Built-In Features
  • High Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Home Office
  • Walk-In Pantry

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Laundry in Garage

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 8
  • Tax Tract Number 3865
  • Assessor Parcel Number 7250025009
  • $557 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Belmont Heights Subdivision

Recreation

  • Golf Course Community
  • Park
  • Dog Park
  • Water Sports
  • Hiking Trails
  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,000
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • Operating Expense $5,400
  • Gross Income $88,200
  • Net Operating Income $61,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,270

Year Built

Built in 2015

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 1000000
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR1N
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7250025009
  • Year Built: 2015
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Built-in Features, High Ceilings, Living Room Deck Attached, Open Floorplan, Pantry, Recessed Lighting, Wired for Data
  • Common Walls: 1 Common Wall
  • Fireplace Features: Family Room, Living Room, Gas
  • Levels: One, Two
  • Price Per Square Foot: 795.71
  • Room Type: Family Room, Kitchen, Living Room, Master Suite, Office, Walk-In Closet, Walk-In Pantry

Exterior Features

  • Pool Private: No
  • Roof: Concrete
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Built-In Storage, Direct Garage Access, Garage, Garage Faces Rear, Garage - Single Door, Garage Door Opener, Oversized, Private
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Central, Zoned
  • Laundry Features: In Garage, Upper Level
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park, Golf, Hiking, Park, Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6360.00
  • Lot Size Acres: 0.1460

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 88200.00
  • Gross Scheduled Income: 88200.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 6360.0000 Square Feet
  • Net Operating Income: 61740.00
  • 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: 26460.00
  • Rent Control: Yes
  • Total Expenses: 5400.00
  • Waterfront Features: Lagoon

Tax Info

  • Tax Census Tract: 5776.03
  • Tax Lot: 8
  • Tax Tract Number: 3865
  • TaxOtherAnnualAssessmentAmount: 557.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2022
Closed on
Feb 10, 2022
Sold by
Lin Jin Wen I and Lin Jeffrey J
Bought by
Hart Maria and Hart Marshall Rhodes
Seller's Agent
Matt Mahowald
Buckingham Investments, Inc
Buyer's Agent
Romin Rad
LA Estate Brokerage
List Price
$2,000,000
Sold Price
$2,150,000
Premium/Discount to List
$150,000
7.5%
Current Estimated Value
$2,137,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,021
Avg. Annual Appreciation
0.01%
Original Mortgage
$1,992,340
Outstanding Balance
$1,860,038
Interest Rate
3.69%
Mortgage Type
VA
Estimated Equity
$290,910

Purchase Details

Closed on
Nov 23, 2011
Sold by
Lin Jin Wen I and Schmitz Jeffrey J
Bought by
Lin Jin Wen I and Schmitz Jeffrey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$808,782
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 27, 2009
Sold by
Garrett Michael D and Garrett Maria C
Bought by
Lin Jin Wen I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$851,080
Interest Rate
5.19%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 9, 2000
Sold by
Scull Patrick C and Smith Survivors Trust
Bought by
Andrews Marilyn O

Purchase Details

Closed on
Nov 1, 1993
Sold by
Scull Patrick C
Bought by
Scull Patrick C and Smith Survivors Trust
Source: Public Records

Range of Values:

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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
Hart Maria $2,150,000 Old Republic Title
Lin Jin Wen I -- Advantage Title Inc
Lin Jin Wen I $881,000 North American Title Company
Andrews Marilyn O -- --
Scull Patrick C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hart Maria $1,992,340
Previous Owner Lin Jin Wen I $84,700
Previous Owner Lin Jin Wen I $909,000
Previous Owner Lin Jin Wen I $1,000,000
Previous Owner Lin Jinwen I $361,000
Previous Owner Lin Jin Wen I $799,000
Previous Owner Lin Jin Wen I $799,958
Previous Owner Lin Jin Wen I $808,782
Previous Owner Lin Jin Wen I $851,080
Previous Owner Garrett Michael D $62,300
Previous Owner Garrett Michael D $100,000
Previous Owner Garrett Michael D $432,936
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2022 03/02/22 Sold $2,150,000 +7.5% $796 / Sq Ft
02/03/2022 02/03/22 For Sale $2,000,000 -- $740 / 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 $28,270 $2,281,597 $1,485,691 $795,906
2024 $28,270 $2,236,860 $1,456,560 $780,300
2023 $27,805 $2,193,000 $1,428,000 $765,000
2022 $14,125 $1,145,151 $754,147 $391,004
2021 $13,848 $1,122,698 $739,360 $383,338
2019 $13,649 $1,089,400 $717,431 $371,969
2018 $13,216 $1,068,040 $703,364 $364,676
2016 $11,753 $993,568 $676,052 $317,516
2015 $11,273 $978,645 $665,898 $312,747
2014 $10,820 $927,220 $652,854 $274,366
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22021720

California Regional Multiple Listing Service (CRMLS)

APN: 7250-025-009