Seller's Agent in 2022
Randy Smith
smithREgroup
(888) 281-5048
1 in this area
43 Total Sales
4036 E Vermont St Long Beach, CA 90814
Belmont Heights NeighborhoodEstimated Value: $1,358,000 - $1,700,350
4
Beds
2
Baths
1,667
Sq Ft
$889/Sq Ft
Est. Value
Highlights
- Lawn
- Laundry Room
- Landscaped
- Fremont Elementary School Rated A
- Bungalow
- Level Lot
About This Home
As of April 2022VALUE-ADD DEVELOPMENT OPPORTUNITY IN BELMONT HEIGHTS. DO NOT WALK ON THE PROPERTY OR DISTURB OCCUPANT WITHOUT AN AGENT PRESENT. THANK YOU. Located in one of the premier, stabilized sub-markets of Long Beach, this 2 unit property consists of the original 1928 2BR 1BA front house bungalow (with original foundation replaced in 2020), currently rented at $2195 per month on a month-to-month lease. The 2BR 1 BA back house was built in 1958 on a concrete slab and is freshly painted with laminate wood flooring. Private yard spaces for both units and 2 single-car garages. Large 6751 SF lot is zoned "DUPLEX" and may be eligible for an additional two ADU units. Interested buyers may find more information on the City of Long Beach web site Development Services page. See supplements for more information on ADU projects. This property is well-maintained and in a prime area of Long Beach, close to parks, schools, shopping, public transportation and less than 8 blocks to the beach.
Co-Listed By
Jacob McFarland
smithREgroup License #02131126
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1928
Lot Details
- 6,751 Sq Ft Lot
- No Common Walls
- Landscaped
- Level Lot
- Lawn
Parking
- 2 Car Garage
Home Design
- 1,667 Sq Ft Home
- Bungalow
- Composition Roof
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Washer Hookup
Utilities
- Wall Furnace
Listing and Financial Details
- Legal Lot and Block 4 / D
- Assessor Parcel Number 7255020005
Community Details
Overview
- 2 Buildings
- 2 Units
- Belmont Heights Subdivision
Building Details
- 1 Leased Unit
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Gross Income $55,140
- Net Operating Income $2,955
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 5, 2023
Sold by
Lakatos Alexandra Cannarella
Bought by
Lakatos Paul Andrew
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
$150,000
Outstanding Balance
$147,084
Interest Rate
7.18%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,334,754
Purchase Details
Closed on
Mar 18, 2003
Sold by
Nelson Susan G and Brown Kirk S
Bought by
Nelson Susan G and The Susan G Nelson Living Trus
Purchase Details
Closed on
Nov 28, 1995
Sold by
Nelson Susan G and The Susan G Nelson Living Trus
Bought by
Nelson Susan G
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.48%
Purchase Details
Closed on
Mar 21, 1994
Sold by
Nelson Susan G
Bought by
Nelson Susan G
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 |
|---|---|---|---|
| Lakatos Paul Andrew | -- | Fidelity National Title | |
| Nelson Susan G | -- | -- | |
| Nelson Susan G | -- | -- | |
| Nelson Susan G | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lakatos Paul Andrew | $150,000 | |
| Previous Owner | Nelson Susan G | $184,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/08/2022 04/08/22 | Sold | $1,255,000 | 0.0% | $753 / Sq Ft |
| 03/09/2022 03/09/22 | Pending | -- | -- | -- |
| 03/09/2022 03/09/22 | Price Changed | $1,255,000 | +5.5% | $753 / Sq Ft |
| 03/02/2022 03/02/22 | For Sale | $1,190,000 | -- | $714 / 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 | $16,715 | $1,331,815 | $864,884 | $466,931 |
| 2024 | $16,715 | $1,305,702 | $847,926 | $457,776 |
| 2023 | $16,439 | $1,280,100 | $831,300 | $448,800 |
| 2022 | $5,214 | $396,562 | $236,610 | $159,952 |
| 2021 | $5,106 | $388,787 | $231,971 | $156,816 |
| 2020 | $5,092 | $384,802 | $229,593 | $155,209 |
| 2019 | $5,034 | $377,258 | $225,092 | $152,166 |
| 2018 | $4,814 | $369,862 | $220,679 | $149,183 |
| 2016 | $4,428 | $355,501 | $212,110 | $143,391 |
| 2015 | $4,253 | $350,162 | $208,924 | $141,238 |
| 2014 | $4,231 | $343,304 | $204,832 | $138,472 |
Source: Public Records
Agents Affiliated with this Home
-
Randy Smith
-
J
Seller Co-Listing Agent in 2022
Jacob McFarland
smithREgroup
-
Kym Elder
Buyer's Agent in 2022
Kym Elder
Coldwell Banker Realty
(562) 254-1489
7 in this area
36 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22036828
APN: 7255-020-005
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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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