4036 E Vermont St Long Beach, CA 90814
Belmont Heights NeighborhoodEstimated Value: $1,360,000 - $1,642,221
4
Beds
2
Baths
1,667
Sq Ft
$884/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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,715
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
Total Days on Market
7
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
$148,401
Interest Rate
7.18%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,238,413
Purchase Details
Listed on
Mar 2, 2022
Closed on
Mar 25, 2022
Sold by
Olender Scott Kathryn
Bought by
Scott Cameron Jacob
Seller's Agent
Randy Smith
smithREgroup
Buyer's Agent
Kym Elder
Coldwell Banker Realty
List Price
$1,190,000
Sold Price
$1,255,000
Premium/Discount to List
$65,000
5.46%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.24%
Original Mortgage
$1,004,000
Interest Rate
3.85%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 2, 2022
Closed on
Mar 11, 2022
Sold by
Susan G Nelson Living Trust
Bought by
Lakatos Paul Andrew and Jacob-Seott Cameron
Seller's Agent
Randy Smith
smithREgroup
Buyer's Agent
Kym Elder
Coldwell Banker Realty
List Price
$1,190,000
Sold Price
$1,255,000
Premium/Discount to List
$65,000
5.46%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,004,000
Interest Rate
3.85%
Mortgage Type
New Conventional
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
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Similar Homes in Long Beach, CA
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 | |
| Scott Cameron Jacob | -- | Orange Coast Title | |
| Lakatos Paul Andrew | $1,255,000 | Orange Coast 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 | Lakatos Paul Andrew | $1,004,000 | |
| Previous Owner | Nelson Susan G | $184,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
|---|---|---|---|---|
| 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
Seller's Agent in 2022
Randy Smith
smithREgroup
(888) 281-5048
1 in this area
47 Total Sales
-
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
45 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22036828
APN: 7255-020-005
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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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