D
Seller's Agent in 2023
Douglas Freeman
Arbor Real Estate Group
3731 E 4th St Long Beach, CA 90814
Belmont Heights NeighborhoodEstimated Value: $1,210,000 - $1,386,000
4
Beds
3
Baths
2,052
Sq Ft
$640/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Craftsman Architecture
- Wood Flooring
- Fremont Elementary School Rated A
- Property is near park
- Private Yard
About This Home
As of February 2023PRICE REDUCTION AND RENT INCREASES! Wonderful Long Beach/Belmont Heights Triplex Investment opportunity or live in the Classic Craftsman single family home offering 2 bedrooms and 1 bath with private yard, breakfast nook and laundry room and driveway, while your tenants offset your mortgage. Over the rear 4 garages are 2-1bedroom units each offering 1 bathroom and a shared laundry. The 4 garages are rented out separately. All units have been rented out very easily. Sellers are local and are motivated. Please do not contact tenants. Submit all offers subject to interior inspection.
Last Agent to Sell the Property
Douglas Freeman
Arbor Real Estate Group License #01077434 Listed on: 12/27/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1919
Lot Details
- 6,499 Sq Ft Lot
- 1 Common Wall
- Wood Fence
- Chain Link Fence
- Landscaped
- Rectangular Lot
- Level Lot
- Private Yard
- Lawn
- Garden
- Back and Front Yard
- Density is up to 1 Unit/Acre
Parking
- 8 Car Garage
- Parking Available
- Rear-Facing Garage
- Driveway Level
- Parking Lot
- Off-Street Parking
Home Design
- Triplex
- Craftsman Architecture
Interior Spaces
- 2,052 Sq Ft Home
- 2-Story Property
- Gas Range
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Property is near park
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
- Overhead Utilities
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 7
- Tax Tract Number 5771
- Assessor Parcel Number 7255002022
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
- Belmont Heights Subdivision
Amenities
- Laundry Facilities
Recreation
- Golf Course Community
- Park
- Water Sports
- Bike Trail
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,752
- Trash Expense $360
- Water Sewer Expense $650
- Operating Expense $2,762
- Gross Income $7,920
- Net Operating Income $64,240
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 4, 2012
Sold by
Smith Paul Robert
Bought by
Smith Paul Robert and Smet Regine R
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$593,000
Outstanding Balance
$408,912
Interest Rate
3.27%
Mortgage Type
New Conventional
Estimated Equity
$905,061
Purchase Details
Closed on
Mar 16, 2011
Sold by
Smet Regine R
Bought by
Smith Paul Robert and Smet Regine R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,500
Interest Rate
4.96%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 30, 2009
Sold by
Smith Paul Robert
Bought by
Smith Paul Robert and Smet Regine R
Purchase Details
Closed on
Nov 13, 2008
Sold by
Smet Regina Raymonde
Bought by
Smith Paul Robert and Smet Regine Raymonde
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$607,000
Interest Rate
6.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 22, 2007
Sold by
Hobgood David
Bought by
Smith Paul Robert and Smet Regine Raymonde
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 2, 2001
Sold by
Gill Gregory R
Bought by
Hobgood David and Hobgood Karen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,700
Interest Rate
7.1%
Purchase Details
Closed on
Mar 18, 1998
Sold by
Gill Gregory R
Bought by
Gill Gregory R and Gill Tomilee Tilley
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Smith Paul Robert | -- | First American Title Company | |
| Smith Paul Robert | -- | First American Title Company | |
| Smith Paul Robert | -- | Accommodation | |
| Smet Regine R | -- | First American Title Company | |
| Smith Paul Robert | -- | None Available | |
| Smith Paul Robert | -- | First American Title Company | |
| Smet Regine Raymonde | -- | First American Title Company | |
| Smith Paul Robert | $750,000 | North American Title Co | |
| Hobgood David | $368,000 | North American Title Co | |
| Gill Gregory R | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Smith Paul Robert | $593,000 | |
| Closed | Smet Regine R | $592,500 | |
| Closed | Smet Regine Raymonde | $607,000 | |
| Closed | Smith Paul Robert | $525,000 | |
| Previous Owner | Hobgood David | $330,700 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/02/2023 02/02/23 | Sold | $1,115,000 | -7.0% | $543 / Sq Ft |
| 01/20/2023 01/20/23 | Pending | -- | -- | -- |
| 01/14/2023 01/14/23 | Price Changed | $1,199,000 | -4.0% | $584 / Sq Ft |
| 12/27/2022 12/27/22 | For Sale | $1,249,000 | -- | $609 / 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 |
|---|---|---|---|---|
| 2025 | $14,788 | $1,160,046 | $728,280 | $431,766 |
| 2024 | $14,788 | $1,137,300 | $714,000 | $423,300 |
| 2023 | $12,684 | $965,810 | $676,071 | $289,739 |
| 2022 | $11,908 | $946,873 | $662,815 | $284,058 |
| 2021 | $11,673 | $928,308 | $649,819 | $278,489 |
| 2019 | $11,508 | $900,776 | $630,546 | $270,230 |
| 2018 | $11,155 | $883,115 | $618,183 | $264,932 |
| 2016 | $10,266 | $848,825 | $594,179 | $254,646 |
| 2015 | $9,852 | $836,075 | $585,254 | $250,821 |
| 2014 | $9,786 | $819,698 | $573,790 | $245,908 |
Source: Public Records
Agents Affiliated with this Home
-
-
Paula Heng
P
Buyer's Agent in 2023
Paula Heng
First American Team Realty Inc
(818) 426-4302
2 in this area
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22259844
APN: 7255-002-022
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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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