NOT LISTED FOR SALE

Estimated Value: $1,370,000 - $1,482,000

5 Beds
3 Baths
2,397 Sq Ft
$592/Sq Ft Est. Value

Last Sold July 22, 2021

Last sale price $1,190,000 $496 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $8,799/month

41 Days on Market

Highlights

  • Laundry Room
  • Central Heating
  • Bike Trail
  • Fremont Elementary School Rated A

About This Home

As of July 2021

Exceptional investment opportunity to own two spacious detached units in the coveted community of Belmont Heights just moments from Long Beach City Beach. Introduced by a sprawling front yard, this duplex is located within a pristine school district and offers exceptional income opportunity just minutes to dinning, shopping, and entertainment. Detached with ample outdoor space, the front unit includes two bedrooms, one bathroom, spacious living area with a fireplace, laundry hookup in kitchen, and an attached two-car garage. The back unit hosts three bedrooms including a large master suite, two bathrooms, a den, and laundry room. Presenting the option to live in one unit, and rent out the other, the residence provides great income potential! Paired with an unbeatable location and plenty of room for entertainment, 4115 and 4117 E Theresa St is an offering not to be missed.

Last Agent to Sell the Property

Andy Carter

Fiv Realty Co License #01907002 Listed on: 05/01/2021

Co-Listed By

Tim Smith

Coldwell Banker Realty License #01346878

Last Buyer's Agent

Mary Edwards

RE/MAX College Park Realty License #01103542

RE/MAX College Park Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 6,152 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 2,397 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Laundry in Kitchen

Utilities

  • Central Heating

Listing and Financial Details

  • Legal Lot and Block 21 / A
  • Tax Tract Number 1
  • Assessor Parcel Number 7254028023

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Belmont Heights Subdivision

Recreation

  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,100
  • Trash Expense $400
  • New Taxes Expense $4,600
  • Operating Expense $7,100
  • Gross Income $42,000
  • Net Operating Income $42,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Ad Number: 562-397-1373
  • Property Attached: No
  • Subdivision Name Other: Belmont Heights (BH)
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7254028023
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 496.45

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Kitchen, Upper Level
  • Sewer: Public Sewer
  • Trash Expense: 400.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6152.00
  • Lot Size Acres: 0.1412

Multi Family

  • Gross Income: 42000.00
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 2100.00
  • Lot Size Area: 6152.0000 Square Feet
  • Net Operating Income: 42000.00
  • 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: 4000.00
  • Rent Control: No
  • Total Expenses: 7100.00

Tax Info

  • New Taxes Expense: 4600.00
  • Tax Block: A
  • Tax Census Tract: 5771.00
  • Tax Lot: 21
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2012
Sold by
Moriarity Ray
Bought by
White Trina H
Current Estimated Value
$1,419,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$238,568
Interest Rate
3.86%
Mortgage Type
New Conventional
Estimated Equity
$1,180,715

Purchase Details

Closed on
May 11, 2007
Sold by
Moriarity Raymond R
Bought by
White Trina H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,500
Outstanding Balance
$340,527
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,078,756

Purchase Details

Closed on
Apr 13, 2007
Sold by
Abendschan Ronald and Abendschan Ann
Bought by
White Carrie M and White Trina H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,500
Outstanding Balance
$340,527
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,078,756
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
White Trina H -- Advantage Title Inc
White Carrie M -- Advantage Title Inc
White Carrie M -- Advantage Title Inc
White Trina H -- Ticor Title Co Glendale
White Carrie M $795,000 Ticor Title Co Glendale
White Carrie M -- Ticor Title Co Glendale
Kyle John -- Ticor Title Co Glendale
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open White Carrie M $350,000
Open White Trina H $556,500
Closed Kyle John $556,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2021 07/22/21 Sold $1,190,000 +3.5% $496 / Sq Ft
07/11/2021 07/11/21 For Sale $1,150,000 0.0% $480 / Sq Ft
06/11/2021 06/11/21 Pending -- -- --
06/07/2021 06/07/21 Price Changed $1,150,000 -8.0% $480 / Sq Ft
05/28/2021 05/28/21 Price Changed $1,250,000 -3.5% $521 / Sq Ft
05/17/2021 05/17/21 Price Changed $1,295,000 -0.4% $540 / Sq Ft
05/01/2021 05/01/21 For Sale $1,300,000 -- $542 / 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 $16,617 $1,262,837 $848,966 $413,871
2024 $15,908 $1,238,076 $832,320 $405,756
2023 $15,646 $1,213,800 $816,000 $397,800
2022 $14,679 $1,190,000 $800,000 $390,000
2021 $12,276 $995,660 $643,629 $352,031
2020 $12,238 $985,452 $637,030 $348,422
2019 $12,099 $966,131 $624,540 $341,591
2018 $11,739 $947,189 $612,295 $334,894
2016 $8,474 $710,000 $532,500 $177,500
2015 $7,013 $600,000 $450,000 $150,000
2014 $7,098 $600,000 $450,000 $150,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21092448

California Regional Multiple Listing Service (CRMLS)

APN: 7254-028-023