NOT LISTED FOR SALE

Estimated Value: $1,629,000 - $2,228,095

9 Beds
8 Baths
3,456 Sq Ft
$554/Sq Ft Est. Value

Last Sold January 11, 2018

Last sale price $1,540,000 $446 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $11,920/month

59 Days on Market

Highlights

  • Contemporary Architecture
  • Balcony
  • Ceiling Fan
  • Woodrow Wilson High School Rated A
  • Laundry Room
  • Paved or Partially Paved Lot

About This Home

As of January 2018

Very nice 4 unit in great section of Long Beach. Owner states this has 1 - 3 bedroom unit and 3 - 2 bedroom units. The 3 - 2 bedroom units have high ceilings. All units have fireplaces, laundry facilities in the apartments, private decks or patios, and garages. Lower front unit is the 3 bedroom.

Last Agent to Sell the Property

Marty Stone

BUCKINGHAM INVESTMENTS License #00416755 Listed on: 08/04/2017

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 6,751 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot
  • Front Yard

Parking

  • 7 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Asphalt Roof

Interior Spaces

  • 3,456 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Built-In Range
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Additional Features

  • Balcony
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 6
  • Assessor Parcel Number 7257018010

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $820
  • Gardener Expense $70
  • Insurance Expense $1,475
  • Maintenance Expense $3,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $19,140
  • Operating Expense $25,925
  • Gross Income $91,740
  • Net Operating Income $65,815

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

7

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 1200.00
  • Zoning: LBR1N
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 70.00
  • Parcel Number: 7257018010
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 445.60
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 7.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Paved
  • Lot Size Sq Ft: 6751.00

Multi Family

  • Electric Expense: 820.00
  • Garage Income: 200.00
  • Gross Income: 91740.00
  • Gross Scheduled Income: 91740.00
  • Insurance Expense: 1475.00
  • Maintenance Expense: 3200.00
  • Net Operating Income: 65815.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 25925.00
  • Rent Control: No
  • Total Expenses: 25925.00

Tax Info

  • New Taxes Expense: 19140.00
  • Tax Census Tract: 5771.00
  • Tax Lot: 10
  • Tax Tract Number: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2019
Sold by
Lerner Celia B and Lerner Brian D
Bought by
The Brian D Lerner And Celia B Lerner Li
Current Estimated Value
$1,916,274

Purchase Details

Closed on
Nov 1, 2017
Sold by
Storr James I
Bought by
Lerner Celia B and Lerner Brian D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2004
Sold by
Truce W Joseph
Bought by
Storr James I and Storr Nicole E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$564,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
The Brian D Lerner And Celia B Lerner Li -- None Available
Lerner Celia B $1,540,000 Progressive Title Company
Storr James I $940,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lerner Celia B $800,000
Previous Owner Storr James I $564,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2018 01/11/18 Sold $1,540,000 -- $446 / Sq Ft
10/02/2017 10/02/17 Pending -- -- --
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 $22,200 $1,752,252 $1,228,853 $523,399
2024 $22,200 $1,717,895 $1,204,758 $513,137
2023 $21,829 $1,684,212 $1,181,136 $503,076
2022 $20,482 $1,651,189 $1,157,977 $493,212
2021 $20,081 $1,618,814 $1,135,272 $483,542
2020 $20,029 $1,602,216 $1,123,632 $478,584
2019 $19,794 $1,570,800 $1,101,600 $469,200
2018 $14,593 $1,151,554 $833,041 $318,513
2016 $12,476 $1,025,000 $793,500 $231,500
2015 $11,417 $960,000 $743,200 $216,800
2014 $11,558 $960,000 $743,200 $216,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN17178919

California Regional Multiple Listing Service (CRMLS)

APN: 7257-018-010