NOT LISTED FOR SALE

Estimated Value: $1,243,000 - $1,675,000

6 Beds
5 Baths
2,819 Sq Ft
$526/Sq Ft Est. Value

Last Sold December 16, 2020

Last sale price $1,175,000 $417 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $9,683/month

5 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Laundry Room
  • Fremont Elementary School Rated A

About This Home

As of December 2020

Rare Quadruplex with Front House: 3bd/2ba with Attached Garage (see listing agent). Rear Units are all Remodeled 1bd/1ba, with New Paint and Plumbing Throughout, also have Paved Side Yards for Pets! Beautiful Rear Courtyard with Orange Tree and Seating, Features Long Driveway with Assigned Parking!

-Subject to Inspection After Acceptable Offer Received
-Termite Report Provided with Closing.

Last Agent to Sell the Property

Larry Boren

LB Brokerage, Inc License #00605203 Listed on: 10/26/2020

Last Buyer's Agent

Larry Boren

LB Brokerage, Inc License #00605203 Listed on: 10/26/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,362

Year Built

  • Built in 1921

Lot Details

  • 6,762 Sq Ft Lot
  • No Units Above
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 1 Car Garage
  • Parking Available
  • Driveway Level
  • Assigned Parking

Home Design

  • 2,819 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Suburban Location
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 7255019028

Community Details

Overview

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

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,833
  • Insurance Expense $792
  • Trash Expense $350
  • Water Sewer Expense $1,632
  • New Taxes Expense $5,490
  • Operating Expense $70,290
  • Gross Income $94,020
  • Net Operating Income $23,730

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,362

Year Built

Built in 1921

Lot Details

0

Parking

1

Listing Details

  • Inclusions: Front House Washer & Dryer Included
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 1632.00
  • Zoning: LBCNR
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7255019028
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall, No One Above
  • Price Per Square Foot: 416.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway Level
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Sewer Paid
  • Trash Expense: 350.00
  • 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: 2-5 Units/Acre
  • Lot Size Sq Ft: 6762.00
  • Lot Size Acres: 0.1552

Multi Family

  • Electric Expense: 2833.00
  • Gross Income: 94020.00
  • Gross Scheduled Income: 94020.00
  • Insurance Expense: 792.00
  • Lot Size Area: 6762.0000 Square Feet
  • Net Operating Income: 23730.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 70290.00
  • Rent Control: Yes
  • Total Actual Rent: 7835.00
  • Total Expenses: 70290.00

Tax Info

  • New Taxes Expense: 5490.00
  • Tax Census Tract: 5771.00
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2020
Closed on
Nov 4, 2020
Sold by
Boren Larry L and Boren Lynn E
Bought by
Jones Christopher and Jones Nicole
Seller's Agent
Larry Boren
LB Brokerage, Inc
Buyer's Agent
Larry Boren
LB Brokerage, Inc
List Price
$1,290,000
Sold Price
$1,175,000
Premium/Discount to List
-$115,000
-8.91%
Total Days on Market
5
Current Estimated Value
$1,481,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,896
Avg. Annual Appreciation
6.56%
Original Mortgage
$1,153,717
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 28, 2017
Sold by
Boren Larry L and Boren Lynn E
Bought by
Boren Larry L and Boren Lynn E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.03%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 15, 2005
Sold by
Boren Larry L and Boren Lynn E
Bought by
Boren Larry L and Boren Lynn E
Source: Public Records

Similar Homes in Long Beach, CA

  • 4110 E Vermont St, Long Beach, CA 90814

    $1,495,000

    • 4 Beds
    • 3 Baths
    • 1,569 Sq Ft
    • 4110 E Vermont St
    • Long Beach, CA

    Own 2 totally remodeled homes plus RTI plans for a 3rd ADU in the best part of Long Beach and jump start your investment portfolio in one purchase. Nearly 6000 square foot lot with a 3 bedroom, 2 bathroom home in front and a one bedroom, one bathroom home in back with a large 2 car garage plus driveway parking and a huge private back yard. Both homes have been extensively upgraded including new

    Anthony Walker Buckingham Investments, Inc

    Section Image
  • 234 Ximeno Ave, Long Beach, CA 90803

    $1,495,000

    • 4 Beds
    • 3 Baths
    • 1,970 Sq Ft
    • 234 Ximeno Ave
    • Long Beach, CA

    Charming Belmont Heights Bungalow with Income Opportunity ~ Perfect owner/occupant property!Welcome to this beautifully updated 2-bedroom, 2-bath bungalow located in the heart of Belmont Heights. Freshly painted inside and out, this home effortlessly blends classic charm with modern updates. Step inside to a spacious living room and formal dining area, perfect for entertaining. The remodeled

    Jamee Lindberg Re/Max R. E. Specialists

    Section Image
  • 1000 Ximeno Ave Unit 1, Long Beach, CA 90804

    $1,675,000

    • 4 Beds
    • 4 Baths
    • 2,499 Sq Ft
    • 1000 Ximeno Ave
    • Unit 1
    • Long Beach, CA

    Remodeled 4Plex with large private yards, located inone of the nicest pockets of Long Beach! Perfectopportunity for any buyer/owner user looking to live inone unit and have their neighbors pay their mortgage.1000 Ximeno Ave is comprised of (4) 1Bed/1Bathunits. Beneficial to the new owner, all remodels havebeen completed, including new flooring, appliances,countertops,

    Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

    Section Image
  • 254 Newport Ave, Long Beach, CA 90803

    $1,695,000

    • 4 Beds
    • 4 Baths
    • 2,893 Sq Ft
    • 254 Newport Ave
    • Long Beach, CA

    PRICE ADJUSTMENT! This renovated Belmont Heights California Bungalow triplex offers flexibility for homeowners and investors alike. Comprised of a 2 bedroom, 2 bath front home, 2 bedroom, 1 bath apartment, a studio and four 1 car garages plus 2 parking spaces. FRONT 2 BED/2 BATH HOME features a blend of classic and modern

    Loree Scarborough Compass

    Section Image
  • 221 Termino Ave, Long Beach, CA 90803

    $1,799,000

    • 4 Beds
    • 4 Baths
    • 2,502 Sq Ft
    • 221 Termino Ave
    • Long Beach, CA

    This amazing property is located in the heart of one of the best neighborhoods in Long Beach, Belmont Heights. This upgraded triplex features a single family home and 2 units over 4 garages on a full-size lot only a few blocks from the beach and walking distance to Belmont Shore. The front house is a restored California Bungalow with all the historic curb appeal & charm that defines this historic

    William Larson First Team Real Estate

    Section Image
  • 3243 E 10th St, Long Beach, CA 90804

    $1,700,000

    • 3 Beds
    • 3 Baths
    • 4,543 Sq Ft
    • 3243 E 10th St
    • Long Beach, CA

    3243 East 10th Street is an 8-unit multifamily investment opportunity located in Long Beach, CA. 3243 East 10th Street offers an attractive mix of studio, one, and two-bedroom floor plans, which helps the property appeal to a diverse renter pool. Additionally, the well-maintained property features a central courtyard, dual-pane windows, and security doors, as well as income-producing amenities

    Tyler Leeson Marcus & Millichap RE Invest

    Section Image
  • 60 Bennett Ave, Long Beach, CA 90803

    $1,748,000

    • 4 Beds
    • 3 Baths
    • 2,176 Sq Ft
    • 60 Bennett Ave
    • Long Beach, CA

    Discover coastal living at its finest in the vibrant Belmont Shore neighborhood of Long Beach! Just one short block from the beach, this beautifully maintained property is comprised of three impeccably remodeled units, each featuring remodeled kitchens with stylish cabinets, quartz countertops, and stainless steel appliances. The interiors boast newer flooring throughout, enhancing the modern

    Matty Hurtado Coldwell Banker Realty

    Section Image
  • 236 Temple Ave, Long Beach, CA 90803

    $1,399,000

    • 4 Beds
    • 3 Baths
    • 1,700 Sq Ft
    • 236 Temple Ave
    • Long Beach, CA

    TWO BLOCKS FROM THE BEACH! 1920'S SPANISH DUPLEX IN PRIME BELMONT HEIGHTS AREA CLOSE TO BLUFF PARK! PERFECT FOR OWNER USER TO LIVE IN ONE UNIT AND RENT THE OTHER TO HELP PAY THE MORTGAGE OR INVESTOR TO HAVE A TROPHY PROPERTY TO THEIR PORTFOLIO. 2 UNITS EACH CONSISTING OF 2 BEDROOM/ 1 BATHROOM. ORIGINAL WOOD FLOORING THROUGHOUT. PRIDE OF OWNERSHIP BUILDING! NO DEFERRED MAINTENANCE! EACH UNIT HAS

    Kristina Moore The Moore Group

    Section Image
  • 267 La Verne Ave, Long Beach, CA 90803

    $1,875,000

    • 4 Beds
    • 4 Baths
    • 2,880 Sq Ft
    • 267 La Verne Ave
    • Long Beach, CA

    Incredible investment opportunity in the heart of Belmont Shore! This fully occupied 4-unit property features four 1-bedroom, 1-bathroom units, each offering steady income with room to improve rents over time. Located just blocks from the beach and the vibrant shops and restaurants along Second Street, this is a rare chance to own in one of Long Beach’s most sought-after coastal neighborhoods.The

    Heidi Bailey Keller Williams Coastal Prop.

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jones Christopher $1,175,000 Ticor Title
Boren Larry L -- Progressive Title
Boren Larry L -- Progressive Title Company
Boren Larry L -- Progressive Title Company
Boren Larry L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Christopher $1,140,000
Closed Jones Christopher $1,153,717
Previous Owner Boren Larry L $54,476
Previous Owner Boren Larry L $60,000
Previous Owner Boren Larry L $500,000
Previous Owner Rialto Heights Llc $5,800,000
Previous Owner Boren Larry L $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2020 12/16/20 Sold $1,175,000 -8.9% $417 / Sq Ft
10/31/2020 10/31/20 Pending -- -- --
10/26/2020 10/26/20 For Sale $1,290,000 -- $458 / 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
2024 $16,362 $1,246,919 $806,518 $440,401
2023 $16,087 $1,222,470 $790,704 $431,766
2022 $15,102 $1,198,500 $775,200 $423,300
2021 $14,803 $1,175,000 $760,000 $415,000
2020 $5,490 $390,601 $234,185 $156,416
2019 $5,428 $382,949 $229,594 $153,355
2018 $5,187 $375,447 $225,093 $150,354
2016 $4,770 $360,581 $216,353 $144,228
2015 $4,589 $355,166 $213,104 $142,062
2014 $4,577 $348,210 $208,930 $139,280
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20226256

California Regional Multiple Listing Service (CRMLS)

APN: 7255-019-028