NOT LISTED FOR SALE

387 Park Ave Long Beach, CA 90814

Belmont Heights Neighborhood

Estimated Value: $1,296,000 - $1,897,625

4 Beds
4 Baths
2,470 Sq Ft
$664/Sq Ft Est. Value

Sale Details

Date Sold: September 19, 2017

Last sale price $1,100,000 $445 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $10,292 / mo

69 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Property is near park and public transit
  • Attic
  • Fremont Elementary School Rated A
  • Wood Flooring
  • Granite Countertops

About This Home

As of September 2017

Fabulous Single Story Duplex on 1/5 acre in Belmont Heights-Each unit has large private Patios- Property has large yard behind the large patios w/ room for six cars plus !!!- Each side have up graded Kitchens w/Granite counters & Back Splashes - Cabinets - Tile & Ceramic Flooring in Kitchens & Separate Laundry Rms. Both sides have Great wood & gas Fireplaces. 3 Bathrooms have been completely remodeled & 1 has partial remodel.
Great for the owner on one side, and a family member on the other side or just rent it out. Rent should be higher for sure on the other side
than it currently is. Near all good schools K-12, near shopping & Belmont Shore, near beaches, restaurants, & only 2 blocks to play golf. This is a
wonderful location!!!!

Last Agent to Sell the Property

Michael Abraham

Michael Abraham, Broker License #00584105 Listed on: 05/25/2017

Last Buyer's Agent

Randy Smith

smithREgroup License #02135413

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 8,712 Sq Ft Lot
  • No Common Walls
  • Garden
  • Back and Front Yard

Parking

  • 2 Car Garage

Interior Spaces

  • 2,470 Sq Ft Home
  • Ceiling Fan
  • Entryway
  • Living Room with Fireplace
  • Attic

Kitchen

  • Gas Oven
  • Self-Cleaning Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Gas Dryer Hookup

Accessible Home Design

  • No Interior Steps
  • More Than Two Accessible Exits

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Vented Exhaust Fan
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • High-Efficiency Water Heater
  • Gas Water Heater
  • Phone System
  • Cable TV Available

Additional Features

  • Rain Gutters
  • Property is near park and public transit

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 4
  • Assessor Parcel Number 7250016003

Community Details

Overview

  • 2 Units

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $960
  • New Taxes Expense $15,337

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

8,712 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Belmont Heights (BH)
  • Property Type: Residential Income
  • Parcel Number: 7250016003
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Pantry, Phone System, Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile, Wood
  • Accessibility Features: 2+ Access Exits, No Interior Steps
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 445.34
  • Room Type: All Bedrooms Down, Attic, Entry, Kitchen, Laundry, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Cooktop, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, High Efficiency Water Heater, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Vented Exhaust Fan, Water Line to Refrigerator
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry, Standard
  • Heating Type: Wall Furnace, Natural Gas, Fireplace(s)
  • Laundry Features: Electric Dryer Hookup, Gas & Electric Dryer Hookup, Gas Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden, Lot 6500-9999, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 8712.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 1235 Square Feet
  • Insurance Expense: 960.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Rent Control: No
  • Total Actual Rent: 24000.00

Tax Info

  • New Taxes Expense: 15337.00
  • Tax Lot: 4
  • Tax Tract Number: 00

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

Listed on
May 25, 2017
Closed on
Aug 2, 2017
Sold by
Bought by
Seller's Agent
Michael Abraham
Michael Abraham, Broker
Buyer's Agent
Randy Smith
smithREgroup
List Price
$1,227,000
Sold Price
$1,100,000
Premium/Discount to List
-$127,000
-10.35%
Current Estimated Value
$1,639,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$539,406
Avg. Annual Appreciation
4.63%
Original Mortgage
$814,500
Interest Rate
0.039%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2005
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
$110,000
Interest Rate
0.0566%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 1, 2004
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
$200,000
Interest Rate
0.0617%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2000
Sold by
Bought by
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

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
$1,100,000 First American Title Company
-- --
-- --
-- --
-- Nations
-- --
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
Open $975,000
Previous Owner $814,500
Previous Owner $250,000
Previous Owner $403,200
Previous Owner $110,000
Previous Owner $200,000
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 Prior Sale
09/19/2017 09/19/17 Sold $1,100,000 -10.4% $445 / Sq Ft
08/02/2017 08/02/17 Pending -- -- --
05/25/2017 05/25/17 For Sale $1,227,000 +14.1% $497 / Sq Ft
09/29/2012 09/29/12 Sold $1,075,000 -2.3% $434 / Sq Ft View Prior Sale
07/28/2012 07/28/12 Pending -- -- --
06/05/2012 06/05/12 For Sale $1,100,000 -- $444 / 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 $17,248 $1,291,203 $876,126 $415,077
2024 $16,453 $1,265,887 $858,948 $406,939
2023 $16,174 $1,241,066 $842,106 $398,960
2022 $15,179 $1,216,733 $825,595 $391,138
2021 $14,668 $1,192,876 $809,407 $383,469
2019 $14,022 $1,122,000 $785,400 $336,600
2018 $13,600 $1,100,000 $770,000 $330,000
2016 $1,489 $104,544 $61,698 $42,846
2015 $1,437 $102,975 $60,772 $42,203
2014 $1,440 $100,959 $59,582 $41,377
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Michael Abraham

    Michael Abraham, Broker

  • Randy Smith

    Buyer's Agent in 2017

    Randy Smith

    smithREgroup

    (888) 281-5048

    1 in this area

    35 Total Sales

    Randy Smith
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC17116410

California Regional Multiple Listing Service (CRMLS)

APN: 7250-016-003

California Los Angeles County Long Beach 90814 Belmont Heights

387 Park Ave, Long Beach, CA

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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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