NOT LISTED FOR SALE

Estimated Value: $3,660,075

5 Beds
1 Bath
350 Sq Ft
$10,457/Sq Ft Est. Value

Last Sold December 01, 2017

Last sale price $2,450,000 $7,000 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $22,138/month

Highlights

  • Quartz Countertops
  • No HOA
  • Patio
  • Fremont Elementary School Rated A
  • Eat-In Kitchen
  • Laundry Room

About This Home

As of February 2023

QUAINT AND COZY STUDIO IN THE DESIRABLE BELMONT HEIGHTS AREA OF LONG BEACH. UNIT IS LOCATED ON THE GROUND FLOOR TOWARDS THE REAR OF PROPERTY. FRESH PAINT. BRAND NEW TILE. CLEAN AND READY TO MOVE IN. INCUDED WITH UNIT ARE KITCHEN APPLIANCES-STOVE-OVEN-MICROWAVE. OWNER PAYS FOR WATER. CLOSE TO PARKS, BEACH, DOWNTOWN LONG BEACH, CAL STATE LONG BEACH, SHOPPING AND MUCH MORE.

Last Agent to Rent the Property

Marco Chavez

Realty Executives Select License #01244749 Listed on: 12/16/2022

Realty Executives Select

Last Renter's Agent

Marco Chavez

Realty Executives Select License #01244749 Listed on: 12/16/2022

Realty Executives Select

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 6,155 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Vinyl Fence
  • Fence is in fair condition
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • Turnkey
  • Studio
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 350 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Awning
  • Tile Flooring
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Gas Range
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • Mirrored Closets Doors
  • 1 Full Bathroom
  • Walk-in Shower

Outdoor Features

  • Patio
  • Exterior Lighting

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Security Deposit $1,500
  • Rent includes water
  • 12-Month Minimum Lease Term
  • Available 12/9/22
  • Legal Lot and Block 8 / A
  • Tax Tract Number 1
  • Assessor Parcel Number 7254028009

Community Details

Overview

  • No Home Owners Association
  • 11 Units
  • Belmont Heights Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Rental Info

  • Additional Rent For Pets: Yes
  • Cashiers Check: 1ST Month Rent, Credit Report, Security Deposit
  • Available Date: 2022-12-09
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 1500
  • Furnished: Unfurnished
  • Pets Allowed: Call
  • Total Move In Costs: 2995.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: Multi Family
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Security: Smoke Detector(s)
  • Subdivision Name Other: Belmont Heights (BH)
  • View: No
  • Zoning: LBCCA
  • Property Condition: Turnkey
  • Property Sub Type: Studio
  • Property Type: Residential Lease
  • Parcel Number: 7254028009
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 350.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Quartz Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Full Bathrooms: 1
  • Door Features: Mirror Closet Door(s)
  • Eating Area: Area
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 4.00
  • Bathroom Features: Shower
  • Room Kitchen Features: Quartz Counters

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Awning(s)
  • Fence: Yes
  • Fencing: Fair Condition, Vinyl
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Range
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: Rectangular Lot, Level, Paved
  • Lot Size Sq Ft: 6155.00
  • Lot Size Acres: 0.1413

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 6155.0000 Square Feet
  • Management Co: Realty Executives-Select
  • Management Co Phone: 562-714-3473
  • Number Of Units Total: 11
  • Rent Includes: Water

Tax Info

  • Tax Block: A
  • Tax Census Tract: 5771.00
  • Tax Lot: 8
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2017
Closed on
Nov 29, 2017
Sold by
Gg 4104 7Th Street Apartments Llc
Bought by
Jauregui Javier and Jauregui Mary Carmen
Seller's Agent
George Bustamante
Coldwell Banker Commercial
Buyer's Agent
Miguel Franco
24 Hour Real Estate
List Price
$2,525,000
Sold Price
$2,450,000
Premium/Discount to List
-$75,000
-2.97%
Current Estimated Value
$3,660,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,210,075
Avg. Annual Appreciation
5.04%
Original Mortgage
$1,577,000
Outstanding Balance
$1,105,065
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,535,568

Purchase Details

Listed on
Oct 15, 2016
Closed on
Oct 25, 2016
Sold by
Klemm Otto H and Klemm Mery
Bought by
Gg 4104 7Th Street Apartmmts Llc
Seller's Agent
Terry Krauss
Coldwell Banker Realty
Buyer's Agent
Suzanna Willingham
Bullock Russell RE Services
List Price
$1,425,000
Sold Price
$1,425,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
70.11%
Original Mortgage
$1,900,000
Interest Rate
3.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 16, 2013
Sold by
Klemm Otto H and Klemm Mery
Bought by
Klemm Otto H and Klemm Mery

Purchase Details

Closed on
Mar 2, 2000
Sold by
Klemm Otto H and Klemm Mery
Bought by
Klemm Otto H and Klemm Mery

Purchase Details

Closed on
Jan 20, 1994
Sold by
Eddy Ilene B and Peterson Irene B
Bought by
Klemm Otto H and Klemm Mery

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
7.19%
Mortgage Type
Seller Take Back
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

Date Buyer Sale Price Title Company
Jauregui Javier $2,450,000 Old Republic Title Company
Gg 4104 7Th Street Apartmmts Llc $1,425,000 Ticor Title Company
Klemm Otto H -- Accommodation
Klemm Otto H -- --
Klemm Otto H -- Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jauregui Javier $1,577,000
Previous Owner Gg 4104 7Th Street Apartmmts Llc $1,900,000
Previous Owner Klemm Otto H $252,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2023 02/01/23 Rented $1,400 -3.4% --
12/16/2022 12/16/22 For Rent $1,450 0.0% --
12/01/2017 12/01/17 Sold $2,450,000 -3.0% $495 / Sq Ft View Prior Sale
11/07/2017 11/07/17 Price Changed $2,525,000 0.0% $510 / Sq Ft
09/11/2017 09/11/17 Pending -- -- --
08/14/2017 08/14/17 For Sale $2,525,000 +77.2% $510 / Sq Ft
11/22/2016 11/22/16 Sold $1,425,000 0.0% $288 / Sq Ft View Prior Sale
11/09/2016 11/09/16 Pending -- -- --
10/15/2016 10/15/16 For Sale $1,425,000 -- $288 / 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 $35,542 $2,787,677 $1,103,692 $1,683,985
2024 $35,542 $2,733,017 $1,082,051 $1,650,966
2023 $34,937 $2,679,430 $1,060,835 $1,618,595
2022 $32,780 $2,626,893 $1,040,035 $1,586,858
2021 $32,132 $2,575,387 $1,019,643 $1,555,744
2019 $31,672 $2,499,520 $989,400 $1,510,120
2018 $30,861 $2,450,520 $970,000 $1,480,520
2017 $18,630 $1,425,000 $500,000 $925,000
2016 $6,406 $452,260 $143,571 $308,689
2015 $6,172 $445,468 $141,415 $304,053
2014 $6,130 $436,743 $138,645 $298,098
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22253631

California Regional Multiple Listing Service (CRMLS)

APN: 7254-028-009