NOT LISTED FOR SALE

375 Newport Ave Long Beach, CA 90814

Belmont Heights Neighborhood

Estimated Value: $1,933,000 - $2,339,000

9 Beds
8 Baths
4,506 Sq Ft
$474/Sq Ft Est. Value

Last Sold February 27, 2020

Last sale price $1,600,000 $355 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $13,183/month

About This Home

As of February 2020

Great statewide 4-plex in the Heights. One 3 bedroom, 2 bath and three 2 bedroom 1.5 baths.

Last Agent to Sell the Property

Nina Jewell

Coldwell Banker Realty License #01281645 Listed on: 02/26/2020

Coldwell Banker Realty

Last Buyer's Agent

Nina Jewell

Coldwell Banker Realty License #01281645 Listed on: 02/26/2020

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,299

Year Built

  • Built in 1974

Lot Details

  • 6,751 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage
  • Parking Available
  • Combination Of Materials Used In The Driveway
  • Assigned Parking

Home Design

  • Quadruplex

Interior Spaces

  • 4,506 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 11 / 3
  • Tax Tract Number 5771
  • Assessor Parcel Number 7257015012

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $80,400
  • Net Operating Income $80,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,299

Year Built

Built in 1974

Lot Details

0

Parking

5

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Belmont Heights (BH)
  • Zoning: LBR34
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7257015012
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 355.08

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway - Combination
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6751.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 80400.00
  • Gross Scheduled Income: 80400.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 20.00
  • Lot Size Area: 6751.0000 Square Feet
  • Net Operating Income: 80400.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 1
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Rent Control: Yes
  • Total Actual Rent: 6600.00

Tax Info

  • Tax Block: 3
  • Tax Census Tract: 5771.00
  • Tax Lot: 11
  • Tax Tract Number: 5771

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2020
Closed on
Feb 20, 2020
Sold by
Segusa Keiko
Bought by
Fong Tyrone
Seller's Agent
Nina Jewell
Coldwell Banker Realty
Buyer's Agent
Nina Jewell
Coldwell Banker Realty
List Price
$1,600,000
Sold Price
$1,600,000
Current Estimated Value
$2,133,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$533,932
Avg. Annual Appreciation
4.74%
Original Mortgage
$1,200,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 26, 2020
Closed on
Jan 8, 2020
Sold by
Thunell Robert G and Thunell Michele A
Bought by
Fong Tyrone
Seller's Agent
Nina Jewell
Coldwell Banker Realty
Buyer's Agent
Nina Jewell
Coldwell Banker Realty
List Price
$1,600,000
Sold Price
$1,600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2014
Sold by
Elllott James B
Bought by
375 Newport Llc

Purchase Details

Closed on
Dec 28, 2010
Sold by
Thunell Robert Gordon
Bought by
Thunell Robert G and Thunell Michele A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,000
Interest Rate
4.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2010
Sold by
Thunell Robert
Bought by
Thunell Robert Gordon and Thunell Michele Ann

Purchase Details

Closed on
Jan 13, 2006
Sold by
Elliott James B
Bought by
Elliott James B and The Elliott Family Living Trust

Purchase Details

Closed on
Jan 20, 2005
Sold by
Elliott Susan Elizabeth
Bought by
Elliott James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$615,000
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2004
Sold by
Garcia Arturo
Bought by
Elliott James and Thunell Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$615,000
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 8, 2001
Sold by
Garcia Arturo
Bought by
Garcia Arturo and Garcia Isabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
7.54%

Purchase Details

Closed on
Dec 15, 1998
Sold by
Shawcroft Richard G Sr Co Tr
Bought by
Garcia Arturo and Garcia Isabelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,600
Interest Rate
6.73%
Source: Public Records

Range of Values:

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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
Fong Tyrone -- None Available
Fong Tyrone $1,600,000 Ticor Title
375 Newport Llc -- None Available
Thunell Robert G -- Stewart Title
Thunell Robert Gordon -- None Available
Elliott James B -- None Available
Elliott James -- Chicago Title
Elliott James $935,000 Chicago Title
Garcia Arturo $389,500 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fong Tyrone $1,200,000
Previous Owner Thunell Robert G $556,000
Previous Owner Elliott James $615,000
Previous Owner Garcia Arturo $585,000
Previous Owner Garcia Arturo $405,000
Previous Owner Garcia Arturo $311,600
Closed Garcia Arturo $38,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2020 02/27/20 Sold $1,600,000 0.0% $355 / Sq Ft
02/26/2020 02/26/20 Pending -- -- --
02/26/2020 02/26/20 For Sale $1,600,000 -- $355 / 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 $22,299 $1,749,831 $1,093,645 $656,186
2024 $22,299 $1,715,521 $1,072,201 $643,320
2023 $21,929 $1,681,884 $1,051,178 $630,706
2022 $20,582 $1,648,907 $1,030,567 $618,340
2021 $20,174 $1,616,576 $1,010,360 $606,216
2020 $15,220 $1,191,700 $572,122 $619,578
2019 $15,043 $1,168,334 $560,904 $607,430
2018 $14,579 $1,145,426 $549,906 $595,520
2016 $13,399 $1,100,950 $528,553 $572,397
2015 $12,861 $1,084,414 $520,614 $563,800
2014 $12,775 $1,063,172 $510,416 $552,756
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2020

    Nina Jewell

    Coldwell Banker Realty

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20042013

California Regional Multiple Listing Service (CRMLS)

APN: 7257-015-012

California Los Angeles County Long Beach 90814 Belmont Heights

375 Newport Ave, Long Beach, CA

This home is located at 375 Newport Ave, Long Beach, CA 90814 since 26 February 2020 and is currently estimated at $2,133,932, approximately $473 per square foot. This property was built in 1974. 375 Newport Ave is a home located in Los Angeles County with nearby schools including Mann Elementary School, Woodrow Wilson High School, and Maple Village Waldorf School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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