NOT LISTED FOR SALE

Estimated Value: $865,000 - $1,352,000

2 Beds
2 Baths
1,134 Sq Ft
$978/Sq Ft Est. Value

Last Sold October 03, 2019

Last sale price $749,900 $661 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $6,675/month

30 Days on Market

Highlights

  • No Units Above
  • Wood Flooring
  • Lawn
  • Fremont Elementary School Rated A
  • Spanish Architecture
  • No HOA

About This Home

As of October 2019

Historic Spanish Revival Duplex is now available in the heart of Belmont Heights Long Beach! The property is located in a highly desirable and walkable neighborhood; surrounded by classic single-family homes and only a short distance from the beach, hip restaurants, bustling downtown, eclectic retro row, Belmont Shore, transportation, and entertainment.

Each unit is 1bed/1bath, perfect for live-in and/or rental. The units are well maintained with new cabinetry, tastefully remodeled bathroom, laundry hookups, original built-ins, refurbished original hardwood floors, new period correct windows, retrofitted foundation, new roof, updated sewer line, new driveway, and much more. Each unit also has a one-car garage and a driveway for a second car; plus there is ample street parking!

This property presents an excellent opportunity as Long Beach is experiencing rapid growth with over 30 large development projects currently underway. This duplex is also located in a strong rental submarket and is seeing well above average rent growth. Come take a look at this great property!

Last Agent to Sell the Property

Tyler Rogina

Compass License #01925584 Listed on: 07/17/2019

Compass

Last Buyer's Agent

Emmet McKune

Emmet Mckune & Associates. License #00442983

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 2,955 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Level Lot
  • Lawn
  • Back Yard

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Spanish Architecture
  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 1,134 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Flooring
  • Neighborhood Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Stacked Washer and Dryer

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 5500
  • Assessor Parcel Number 7254024013

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $528
  • Water Sewer Expense $636
  • New Taxes Expense $9,374
  • Operating Expense $11,198
  • Gross Income $41,040
  • Net Operating Income $32,328

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Belmont Heights (BH)
  • View: Yes
  • Water Sewer Expenses: 636.00
  • Zoning: LBR1N
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7254024013
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Wood
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 661.29

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen, Inside, Stackable
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Lawn, Level with Street
  • Lot Size Sq Ft: 2955.00
  • Lot Size Acres: 0.0678

Multi Family

  • Average1 Bed Area: 567 Square Feet
  • Gross Income: 41040.00
  • Gross Scheduled Income: 41040.00
  • Insurance Expense: 528.00
  • Lot Size Area: 2955.0000 Square Feet
  • Net Operating Income: 32328.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 8712.00
  • Rent Control: No
  • Total Actual Rent: 3420.00
  • Total Expenses: 11198.00

Tax Info

  • New Taxes Expense: 9374.00
  • Tax Census Tract: 5771.00
  • Tax Lot: 12
  • Tax Tract Number: 5500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2019
Closed on
Sep 18, 2019
Sold by
Novakovich Justin A
Bought by
Dominguez Guy
Seller's Agent
Tyler Rogina
Compass
Buyer's Agent
Emmet McKune
Emmet Mckune & Associates.
List Price
$749,900
Sold Price
$749,900
Current Estimated Value
$1,108,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$359,001
Avg. Annual Appreciation
6.47%
Original Mortgage
$562,425
Outstanding Balance
$491,624
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$617,277

Purchase Details

Listed on
Apr 7, 2015
Closed on
Apr 20, 2015
Sold by
Rank Bob D
Bought by
Novakovich Justin A
Seller's Agent
Sylvia Garrett
First Team Real Estate
Buyer's Agent
Tonja Demoff
Q & A Realty Group
List Price
$519,000
Sold Price
$524,000
Premium/Discount to List
$5,000
0.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.55%
Original Mortgage
$445,400
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2012
Sold by
Rank Bob and Rank Kathleen A
Bought by
Rank Bob D and Ranj Kathleen A

Purchase Details

Closed on
Nov 23, 2009
Sold by
Itson Mark Stephen and Itson Nigel Michael Neil
Bought by
Rank Bobby D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,395
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2007
Sold by
Itson Vern W and Itson 2004 Revocable Fa Vern W
Bought by
Itson Vern W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 5, 2004
Sold by
Itson Vern W
Bought by
Itson Vern W and Vern W Itson 2004 Revocable Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Dominguez Guy $750,000 Ticor Title Company
Novakovich Justin A $524,000 First American Title
Rank Bob D -- Accommodation
Rank Bobby D $366,000 North American Title Company
Itson Vern W -- Commonwealth Title
Itson Vern W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dominguez Guy $562,425
Previous Owner Novakovich Justin A $445,400
Previous Owner Rank Bobby D $274,395
Previous Owner Itson Vern W $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/03/2019 10/03/19 Sold $749,900 0.0% $661 / Sq Ft
08/16/2019 08/16/19 Pending -- -- --
08/09/2019 08/09/19 For Sale $749,900 0.0% $661 / Sq Ft
08/07/2019 08/07/19 Pending -- -- --
07/17/2019 07/17/19 For Sale $749,900 +43.1% $661 / Sq Ft
05/22/2015 05/22/15 Sold $524,000 +1.0% $462 / Sq Ft View Prior Sale
04/14/2015 04/14/15 Pending -- -- --
04/07/2015 04/07/15 For Sale $519,000 -- $458 / 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 $10,380 $820,121 $492,139 $327,982
2024 $10,380 $804,041 $482,490 $321,551
2023 $10,206 $788,277 $473,030 $315,247
2022 $9,575 $772,821 $463,755 $309,066
2021 $9,391 $757,668 $454,662 $303,006
2019 $7,108 $564,549 $398,633 $165,916
2018 $6,898 $553,480 $390,817 $162,663
2016 $6,347 $531,990 $375,642 $156,348
2015 $4,696 $393,091 $279,246 $113,845
2014 -- $385,391 $273,776 $111,615
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19169185

California Regional Multiple Listing Service (CRMLS)

APN: 7254-024-013