NOT LISTED FOR SALE

351 Grand Ave Long Beach, CA 90814

Belmont Heights Neighborhood

Estimated Value: $1,347,135

6 Beds
4 Baths
3,247 Sq Ft
$415/Sq Ft Est. Value

Last Sold February 24, 2015

Last sale price $730,000 $225 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $8,006/month

193 Days on Market

Highlights

  • Corner Lot
  • Fremont Elementary School Rated A
  • Laundry Room

About This Home

As of February 2015

4 Detached Units in the Heart of Belmont Heights. Address' include: 3737, 3735, 3733 Colorado St. & 351, 353 Grand Ave. 1 Additional Address includes a Commercial Unit located below one of the units. Formerly a neighborhood store (Currently used for Storage).

Last Agent to Sell the Property

Alex Montelongo

HomeSmart Realty Group License #01456982 Listed on: 01/24/2015

HomeSmart Realty Group

Last Buyer's Agent

Alex Montelongo

HomeSmart Realty Group License #01456982 Listed on: 01/24/2015

HomeSmart Realty Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 5,101 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 2 Car Garage

Home Design

  • 3,247 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Legal Lot and Block 6 / B
  • Tax Tract Number 31
  • Assessor Parcel Number 7255004031

Community Details

Overview

  • 4 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gross Income $2,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Belmont Heights (BH)
  • Property Type: Residential Income
  • Parcel Number: 7255004031
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 224.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Community
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5101.00
  • Lot Size Acres: 0.1170

Multi Family

  • Gross Income: 2400.00
  • Gross Scheduled Income: 28800.00
  • Lot Size Area: 5101.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: No
  • Total Actual Rent: 2400.00

Tax Info

  • Tax Block: B
  • Tax Lot: 6
  • Tax Tract Number: 031
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2015
Closed on
Feb 19, 2015
Sold by
Martinez Donald E
Bought by
Crammer Matt and Crammer Andrea
Seller's Agent
Alex Montelongo
HomeSmart Realty Group
Buyer's Agent
Alex Montelongo
HomeSmart Realty Group
List Price
$650,000
Sold Price
$730,000
Premium/Discount to List
$80,000
12.31%
Current Estimated Value
$1,347,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$617,135
Avg. Annual Appreciation
5.85%

Purchase Details

Closed on
Apr 7, 2014
Sold by
Martin Donald E
Bought by
Martin Donald E and Donald E Martin Revocable Trust

Purchase Details

Closed on
Apr 16, 2010
Sold by
Martin Gerald R
Bought by
Martin Gerald R and Gerald R Martin Revocable Trust Of 2010
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
Crammer Matt $730,000 Fatcola
Martin Donald E -- None Available
Martin Gerald R -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2015 02/24/15 Sold $730,000 +12.3% $225 / Sq Ft
01/30/2015 01/30/15 Pending -- -- --
07/21/2014 07/21/14 For Sale $650,000 -- $200 / 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 $12,131 $900,098 $492,753 $407,345
2024 $12,131 $882,450 $483,092 $399,358
2023 $11,916 $865,148 $473,620 $391,528
2022 $11,197 $848,185 $464,334 $383,851
2021 $10,955 $831,555 $455,230 $376,325
2020 $10,927 $823,030 $450,563 $372,467
2019 $10,551 $786,493 $441,729 $344,764
2018 $10,239 $771,072 $433,068 $338,004
2016 $9,427 $741,132 $416,252 $324,880
2015 $5,952 $453,890 $316,193 $137,697
2014 $2,800 $171,783 $120,114 $51,669
Source: Public Records

Agents Affiliated with this Home

  • Alex Montelongo

    Seller's Agent in 2015

    Alex Montelongo

    HomeSmart Realty Group

    (562) 810-7387

    53 Total Sales

    Alex Montelongo
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14154528

California Regional Multiple Listing Service (CRMLS)

APN: 7255-004-031

California Los Angeles County Long Beach 90814 Belmont Heights

351 Grand Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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