36 Covina Ave Long Beach, CA 90803
Belmont Shore NeighborhoodEstimated Value: $1,682,000 - $1,856,000
4
Beds
2
Baths
1,955
Sq Ft
$905/Sq Ft
Est. Value
Highlights
- Laundry Room
- 2 Car Garage
- Custom Window Coverings
- Naples Bayside Academy Rated A
- Turnkey
- Patio Home
About This Home
As of October 2020Un-Beach-Lievable! A sensational Belmont Shore duplex ideally located, charming features and in superb condition. Own the California dream by living steps from the beach and experience all 2nd Street has to offer. Two 2 bedrooms 1 bathroom homes with identical floor plans. Top home has an unobstructed view of the beach and exclusive staircase access in the front and back. A collection of windows fills the open floor plan with natural light. Custom shades, ceiling fans, laundry inside and a breakfast nook room off the kitchen! Both homes have been enhanced with extensive upgrades. Stunning kitchens, textured walls, large bedrooms, plenty of storage and alluring rounded high ceilings. This home has a modern 1930's personality which you can feel from its architecture, features and quality upkeep through the years. Enjoy the ocean breeze and California sun on your gated patio. Two single car garages sit on the back of the homes with a flat roof. Check with the city to see if you can use this space as a roof top deck! Ideal for an investor and optimal for an owner occupied. Have your cake and eat it too while the second home helps pay for your mortgage. This quality and beauty beach duplex is a great addition to your portfolio; great cap rate, captivating features, desirable location, astonishing condition and ready for you. Love where you live and fall in love with this Exquisite Belmont Shore Duplex. Check out the virtual tour https://my.matterport.com/show/?m=B2Caryvv677&mls=1
Last Agent to Sell the Property
First Team Real Estate License #01998246 Listed on: 08/08/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,228
Year Built
- Built in 1931 | Remodeled
Lot Details
- 2,390 Sq Ft Lot
- 1 Common Wall
Parking
- 2 Car Garage
- Parking Available
Home Design
- Duplex
- Patio Home
- Turnkey
Interior Spaces
- 1,955 Sq Ft Home
- 2-Story Property
- Custom Window Coverings
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Legal Lot and Block 9 / 30
- Tax Tract Number 3750
- Assessor Parcel Number 7247025008
Community Details
Overview
- 2 Units
- Belmont Shore Subdivision
Building Details
- 1 Leased Unit
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,700
- Pest Control $40
- Water Sewer Expense $500
- New Taxes Expense $16,200
- Operating Expense $19,400
- Gross Income $6,000
- Net Operating Income $55,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 8, 2020
Closed on
Sep 1, 2020
Sold by
Brakebill Dorothy and Dorothy Brakebill Trust
Bought by
Farhat Sherine Hafez and Sherine Hafez Farhat 2017 Trus
Seller's Agent
Betsy Hutchinson
First Team Real Estate
Buyer's Agent
Kendra Miller
Keller Williams Coastal Prop.
List Price
$1,350,000
Sold Price
$1,350,000
Total Days on Market
21
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,573
Avg. Annual Appreciation
5.98%
Original Mortgage
$945,000
Outstanding Balance
$848,090
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$920,483
Purchase Details
Closed on
Jun 17, 1999
Sold by
Brakebill Dorothy
Bought by
Brakebill Dorothy and The Dorothy Brakebill Trust
Similar Homes in Long Beach, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Farhat Sherine Hafez | $1,350,000 | Ticor Title Company | |
| Brakebill Dorothy | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Farhat Sherine Hafez | $945,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/06/2020 10/06/20 | Sold | $1,350,000 | 0.0% | $691 / Sq Ft |
| 08/08/2020 08/08/20 | For Sale | $1,350,000 | -- | $691 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $18,228 | $1,432,630 | $1,002,841 | $429,789 |
| 2023 | $17,926 | $1,404,540 | $983,178 | $421,362 |
| 2022 | $16,811 | $1,377,000 | $963,900 | $413,100 |
| 2021 | $16,491 | $1,350,000 | $945,000 | $405,000 |
| 2020 | $4,999 | $382,866 | $273,129 | $109,737 |
| 2019 | $4,941 | $375,370 | $267,774 | $107,596 |
| 2018 | $4,789 | $368,021 | $262,524 | $105,497 |
| 2016 | $4,400 | $353,252 | $252,331 | $100,921 |
| 2015 | $4,147 | $347,947 | $248,541 | $99,406 |
| 2014 | $4,122 | $341,132 | $243,673 | $97,459 |
Source: Public Records
Agents Affiliated with this Home
-
Betsy Hutchinson
Seller's Agent in 2020
Betsy Hutchinson
First Team Real Estate
(562) 833-3132
1 in this area
46 Total Sales
-
Kendra Miller
Buyer's Agent in 2020
Kendra Miller
Keller Williams Coastal Prop.
(562) 439-8835
26 in this area
114 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20160596
APN: 7247-025-008
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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