Seller's Agent in 2017
Gary Tolfa
Triqor Group
(949) 756-3232
11 Total Sales
379 Termino Ave Long Beach, CA 90814
Belmont Heights Neighborhood
3
Beds
2
Baths
8,456
Sq Ft
0.26
Acre Lot
Highlights
- Recessed Lighting
- Fremont Elementary School Rated A
- Wall Furnace
About This Home
As of September 2017The Termino Property is a turn-key investment in the Belmont Heights neighborhood of Long Beach. The exterior of the building has undergone an extensive update to incorporate a new, modern look. Inside, every unit has been renovated and upgraded beautifully. These bright and airy modern apartments include laminate wood flooring, quartz countertops, stainless steel appliances, designer fixtures and recessed lighting. The downstairs units also have gated patios with grassy areas and pavers. The property is stabilized and allows a new owner to place their money in an established positive-cashflowing investment.
Close to the action and away from the noise, Belmont Heights earns a top spot among the best Long Beach neighborhoods. It' s located on the coast and enjoys a quieter reputation than the area's directly surrounding entertainment districts. This Long Beach neighborhood houses many strong schools and a central location that keeps you close to everything. This property is less than a mile from the coast, residents can easily walk to the beach.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1952
Lot Details
- 11,239 Sq Ft Lot
- 1 Common Wall
- Density is 11-15 Units/Acre
Home Design
- Property Attached
- Shingle Roof
- Stucco
Interior Spaces
- 8,456 Sq Ft Home
- Recessed Lighting
- Laminate Flooring
- Laundry in unit
Kitchen
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Parking Available
- Parking Lot
Utilities
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 9
- Tax Tract Number 3760
- Assessor Parcel Number 7255015022
Community Details
Building Details
- 14 Separate Electric Meters
- 14 Separate Gas Meters
- Insurance Expense $2,960
- Trash Expense $3,500
- Water Sewer Expense $3,500
- New Taxes Expense $52,772
- Operating Expense $77,778
- Gross Income $600
- Net Operating Income $199,356
Additional Features
- 14 Units
- Laundry Facilities
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 24, 2022
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,120,000
Interest Rate
0.0322%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 27, 2017
Closed on
Aug 3, 2017
Sold by
Bought by
Seller's Agent
Gary Tolfa
Triqor Group
Buyer's Agent
Gary Tolfa
Triqor Group
List Price
$4,400,000
Sold Price
$4,199,000
Premium/Discount to List
-$201,000
-4.57%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,720,000
Interest Rate
0.0393%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 21, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Interest Rate
0.0371%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 4, 2007
Sold by
Bought by
Purchase Details
Closed on
May 16, 1995
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $4,800,000 | Chicago Title | ||
| $4,199,000 | Lawyers Title | ||
| $2,790,000 | Lawyers Title Company | ||
| -- | None Available | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $3,120,000 | ||
| Closed | $2,720,000 | ||
| Closed | $2,720,000 | ||
| Closed | $2,300,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/19/2017 09/19/17 | Sold | $4,199,000 | 0.0% | $497 / Sq Ft |
| 06/28/2017 06/28/17 | Price Changed | $4,199,000 | -2.3% | $497 / Sq Ft |
| 05/23/2017 05/23/17 | Price Changed | $4,299,000 | -1.3% | $508 / Sq Ft |
| 04/27/2017 04/27/17 | Price Changed | $4,355,000 | -1.0% | $515 / Sq Ft |
| 01/27/2017 01/27/17 | For Sale | $4,400,000 | -- | $520 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $67,499 | $5,093,797 | $3,310,968 | $1,782,829 |
| 2024 | $64,587 | $4,993,920 | $3,246,048 | $1,747,872 |
| 2023 | $63,496 | $4,896,000 | $3,182,400 | $1,713,600 |
| 2022 | $56,027 | $4,502,174 | $3,152,273 | $1,349,901 |
| 2021 | $54,925 | $4,413,897 | $3,090,464 | $1,323,433 |
| 2019 | $54,138 | $4,283,190 | $2,998,800 | $1,284,390 |
| 2018 | $52,768 | $4,199,210 | $2,940,000 | $1,259,210 |
| 2016 | $4,001 | $181,799 | $67,289 | $114,510 |
| 2015 | $3,888 | $179,069 | $66,279 | $112,790 |
| 2014 | $3,949 | $175,562 | $64,981 | $110,581 |
Source: Public Records
Agents Affiliated with this Home
-
Gary Tolfa
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW17041966
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.
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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