Seller's Agent in 2016
Kevin King
Marcus & Millichap
(562) 257-1245
2 in this area
41 Total Sales
44 Corona Ave Long Beach, CA 90803
Belmont Shore NeighborhoodEstimated Value: $1,942,000 - $2,897,153
4
Beds
4
Baths
2,660
Sq Ft
$898/Sq Ft
Est. Value
About This Home
As of March 2016We are pleased to present for sale the newly renovated trophy multifamily asset located in Long Beach, California. The property is just steps from the beach in the heart of highly desirable Belmont Shore The property is conveniently near the popular retail, entertainment and dining district of Belmont Shore's East 2nd Street. It offers more than 250 unique upscale boutiques and specialty shops and a myriad of coffee shops, cafes, casual dining taverns and electric international specialty restaurants. The property comprises 2,660 rentable square feet and contains four one bedroom/one-bath units. The units include large dining areas, individual washer and dryers, and two units have private patios.
Please note: The Property will be open for tour on Tuesday January 26th from 9am to Noon
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 01/07/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1948
Lot Details
- 2,413 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- 2,660 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 3750
- Assessor Parcel Number 7247024007
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $300
- Insurance Expense $1,811
- Maintenance Expense $400
- Other Expense $900
- Professional Management Expense $2,500
- Trash Expense $300
- Water Sewer Expense $300
- New Taxes Expense $21,601
- Gross Income $8,050
- Net Operating Income $65,290
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 23, 2020
Sold by
Black J Ralph
Bought by
Black Ralph
Current Estimated Value
Purchase Details
Listed on
Jan 7, 2016
Closed on
Mar 15, 2016
Sold by
Long Beach Development Llc
Bought by
Kilden Enterprises Llc
Seller's Agent
Kevin King
Marcus & Millichap
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$2,100,000
Sold Price
$1,857,500
Premium/Discount to List
-$242,500
-11.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.61%
Purchase Details
Listed on
May 14, 2015
Closed on
Jun 15, 2015
Sold by
Cooke Addie M and Cooke William L
Bought by
Long Beach Development Llc
Seller's Agent
Arthur L Bonner
California Homes & Estates
Buyer's Agent
Frank Alvarez
List Price
$1,199,000
Sold Price
$1,100,000
Premium/Discount to List
-$99,000
-8.26%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
111.37%
Original Mortgage
$770,000
Interest Rate
3.85%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 12, 2008
Sold by
Cooke William L and Cooke Addie M
Bought by
Cooke Addie M and Cooke William L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
6.04%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 21, 2004
Sold by
Johnson Jerome M and Johnson Reva J
Bought by
J & R Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 20, 2004
Sold by
J & R Properties Llc
Bought by
Cooke William L and Cooke Addie M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 10, 2003
Sold by
Johnson Jerome and Johnson Reva
Bought by
Johnson Jerome M and Johnson Reva J
Purchase Details
Closed on
Jan 18, 2002
Sold by
Farmers & Merchants Trust Co Of Long Bea
Bought by
Johnson Jerome and Johnson Reva
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,100
Interest Rate
7.11%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Black Ralph | -- | Accommodation | |
| Kilden Enterprises Llc | $1,857,500 | North American Title Co Inc | |
| Long Beach Development Llc | $1,100,000 | Title 365 | |
| Cooke Addie M | -- | United Title Company | |
| J & R Properties Llc | -- | -- | |
| Cooke William L | $815,000 | Fatcola | |
| Johnson Jerome M | -- | -- | |
| Johnson Jerome | $529,000 | Fidelity National Title Ins | |
| Boyd Deborah | -- | Fidelity National Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Long Beach Development Llc | $770,000 | |
| Previous Owner | Cooke Addie M | $840,000 | |
| Previous Owner | Cooke William L | $213,000 | |
| Previous Owner | Johnson Jerome | $476,100 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/25/2016 03/25/16 | Sold | $1,857,500 | -11.5% | $698 / Sq Ft | |
| 03/24/2016 03/24/16 | Pending | -- | -- | -- | |
| 01/07/2016 01/07/16 | For Sale | $2,100,000 | +90.9% | $789 / Sq Ft | |
| 07/15/2015 07/15/15 | Sold | $1,100,000 | -8.3% | $416 / Sq Ft | View Prior Sale |
| 06/11/2015 06/11/15 | Pending | -- | -- | -- | |
| 05/14/2015 05/14/15 | For Sale | $1,199,000 | -- | $453 / 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 |
|---|---|---|---|---|
| 2025 | $27,392 | $2,191,196 | $1,415,658 | $775,538 |
| 2024 | $27,392 | $2,148,232 | $1,387,900 | $760,332 |
| 2023 | $26,933 | $2,106,111 | $1,360,687 | $745,424 |
| 2022 | $25,342 | $2,072,072 | $1,338,620 | $733,452 |
| 2021 | $25,984 | $2,126,000 | $1,373,500 | $752,500 |
| 2020 | $26,179 | $2,010,615 | $1,298,917 | $711,698 |
| 2019 | $24,501 | $1,971,193 | $1,273,449 | $697,744 |
| 2018 | $23,936 | $1,932,543 | $1,248,480 | $684,063 |
| 2016 | $13,271 | $1,100,000 | $700,000 | $400,000 |
| 2015 | $11,391 | $964,143 | $591,500 | $372,643 |
| 2014 | $11,315 | $945,258 | $579,914 | $365,344 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
-
NoEmail NoEmail
N
Buyer's Agent in 2016
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
6,217 Total Sales
-
Arthur L Bonner
Seller's Agent in 2015
Arthur L Bonner
California Homes & Estates
(310) 386-1313
3 Total Sales
-
F
Buyer's Agent in 2015
Frank Alvarez
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW16003646
APN: 7247-024-007
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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