NOT LISTED FOR SALE

Estimated Value: $969,000 - $1,246,000

2 Beds
2 Baths
1,482 Sq Ft
$791/Sq Ft Est. Value

Last Sold October 29, 2018

Last sale price $779,713 $526 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $7,043/month

73 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Stacked Washer and Dryer
  • Fremont Elementary School Rated A

About This Home

As of October 2018

Say hello to this charming Spanish style duplex. This property is located in the highly desirable Belmont Heights area of Long Beach, just minutes from the beach and shopping. Each unit features 1 bedroom, 1 bathroom with spacious living room, updated kitchen, new interior paint, hardwood/tile/vinyl floors, and updated bathrooms. The property also includes ample parking with a two-car driveway and a garage with great storage capacity. A must see!

Last Agent to Sell the Property

Stacey Brown

SOUTHLAND PROPERTIES License #02014387 Listed on: 07/03/2018

Last Buyer's Agent

Stacey Brown

SOUTHLAND PROPERTIES License #02014387 Listed on: 07/03/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 2,245 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Duplex

Interior Spaces

  • 1,482 Sq Ft Home
  • Decorative Fireplace

Flooring

  • Wood
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 1
  • Tax Tract Number 5771
  • Assessor Parcel Number 7255007002

Community Details

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $921
  • New Taxes Expense $8,783
  • Operating Expense $10,304
  • Net Operating Income $25,904

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Belmont Heights (BH)
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7255007002
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile, Vinyl, Wood
  • Fireplace Features: Decorative
  • Levels: Two
  • Price Per Square Foot: 526.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Stackable
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2245.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 39600.00
  • Insurance Expense: 921.00
  • Net Operating Income: 25904.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 9710.00
  • Rent Control: No
  • Total Actual Rent: 1200.00
  • Total Expenses: 10304.00

Tax Info

  • New Taxes Expense: 8783.00
  • Tax Census Tract: 5771.00
  • Tax Lot: 1
  • Tax Tract Number: 5771

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2018
Closed on
Sep 27, 2018
Sold by
Fareshetian Maria Ann
Bought by
Vasquez Pat and Canter Amy
Seller's Agent
Stacey Brown
SOUTHLAND PROPERTIES
Buyer's Agent
Stacey Brown
SOUTHLAND PROPERTIES
List Price
$799,713
Sold Price
$779,713
Premium/Discount to List
-$20,000
-2.5%
Current Estimated Value
$1,171,673

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$391,960
Avg. Annual Appreciation
5.83%
Original Mortgage
$584,785
Outstanding Balance
$511,052
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$660,621

Purchase Details

Closed on
Oct 4, 1995
Sold by
Raphael Gerald and Raphael Karen
Bought by
Lorenzo Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,000
Interest Rate
7.37%
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
Vasquez Pat $780,000 Lawyers Title
Lorenzo Joyce $189,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vasquez Pat $584,785
Previous Owner Lorenzo Joyce $151,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2018 10/29/18 Sold $779,713 -2.5% $526 / Sq Ft
08/24/2018 08/24/18 For Sale $799,713 +2.6% $540 / Sq Ft
07/25/2018 07/25/18 Off Market $779,713 -- --
07/03/2018 07/03/18 For Sale $799,713 -- $540 / 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 $10,987 $869,765 $607,955 $261,810
2024 $10,987 $852,712 $596,035 $256,677
2023 $10,803 $835,994 $584,349 $251,645
2022 $10,135 $819,603 $572,892 $246,711
2021 $9,937 $803,533 $561,659 $241,874
2020 $9,912 $795,294 $555,900 $239,394
2019 $9,795 $779,700 $545,000 $234,700
2018 $8,876 $708,900 $499,800 $209,100
2017 $55 $270,516 $186,074 $84,442
2016 $3,274 $265,213 $182,426 $82,787
2015 $3,145 $261,230 $179,686 $81,544
2014 $3,129 $256,114 $176,167 $79,947
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18158406

California Regional Multiple Listing Service (CRMLS)

APN: 7255-007-002