$925,000
SOLD AUG 1, 2024
2 Beds
2 Baths
1,330 Sq Ft
5,941 Sq Ft Lot

Recently Sold

$695 Per Sq Ft

26% Below List Price

85 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Fremont Elementary School Rated A
  • 2 Car Garage
  • 1-Story Property

About This Home

As of August 2024

Discover the perfect investment opportunity with this charming duplex nestled in the heart of Long Beach. This well-maintained property features two units, each offering a cozy layout with one bedroom and one bathroom. Each unit boasts a full kitchen, ample living area, and dedicated dining space, ensuring everyday convenience and ease. Additionally, the shared outdoor spaces provide a tranquil setting for relaxation or entertainment, enhancing the appeal of this attractive duplex. With its prime location and thoughtful design, this property represents a fantastic opportunity for investors or those looking to enjoy the vibrant lifestyle of Long Beach. Both units are tenant-occupied. Please do not disturb the tenants.

Last Agent to Sell the Property

Stephen Ceausu

Stephen P Ceausu, Broker Brokerage Email: stephenceausu@yahoo.com License #02099019 Listed on: 03/07/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,209

Year Built

  • Built in 1922

Lot Details

  • 5,941 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Duplex

Interior Spaces

  • 1,330 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 7 / D
  • Tax Tract Number 725
  • Assessor Parcel Number 7255020023
  • $447 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Belmont Heights Subdivision

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $1,800
  • Fuel Expense $1,800
  • Insurance Expense $2,000
  • Trash Expense $1,800
  • Water Sewer Expense $1,800
  • Operating Expense $9,200
  • Gross Income $3,400
  • Net Operating Income $62,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,209

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 500000
  • Property Attached: No
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 1800.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7255020023
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 695.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5941.00
  • Lot Size Acres: 0.1364
  • Latitude Manual: 33.77052600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 650 Square Feet
  • Electric Expense: 1800.00
  • Fuel Expense: 1800.00
  • Gross Income: 3400.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 5941.0000 Square Feet
  • Net Operating Income: 62800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 9200.00
  • Rent Control: Yes
  • Total Expenses: 9200.00

Tax Info

  • Tax Block: D
  • Tax Census Tract: 5771.00
  • Tax Lot: 7
  • Tax Tract Number: 725...
  • TaxOtherAnnualAssessmentAmount: 447.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2024
Closed on
Jul 25, 2024
Sold by
Arrowsmith Family Trust and Axtell Daylemarie
Bought by
Clark Evan
Seller's Agent
Stephen Ceausu
Stephen P Ceausu, Broker
List Price
$1,250,000
Sold Price
$925,000
Premium/Discount to List
-$325,000
-26%
Views
84

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.67%
Original Mortgage
$929,200
Outstanding Balance
$919,522
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$511,136
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $925,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $929,200 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 For Sale $1,395,000 +50.8% $889 / Sq Ft
08/01/2024 08/01/24 Sold $925,000 -7.5% $695 / Sq Ft
05/31/2024 05/31/24 Pending -- -- --
05/15/2024 05/15/24 Price Changed $1,000,000 -13.0% $752 / Sq Ft
04/12/2024 04/12/24 Price Changed $1,150,000 -8.0% $865 / Sq Ft
03/07/2024 03/07/24 For Sale $1,250,000 -- $940 / 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 $1,209 $61,714 $50,716 $10,998
2024 $1,209 $60,505 $49,722 $10,783
2023 $1,186 $59,320 $48,748 $10,572
2022 $1,127 $58,158 $47,793 $10,365
2021 $1,093 $57,018 $46,856 $10,162
2020 $1,090 $56,434 $46,376 $10,058
2019 $1,079 $55,328 $45,467 $9,861
2018 $981 $54,244 $44,576 $9,668
2016 $902 $52,140 $42,846 $9,294
2015 $873 $51,358 $42,203 $9,155
2014 $882 $50,353 $41,377 $8,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24046526

California Regional Multiple Listing Service (CRMLS)

APN: 7255-020-023