NOT LISTED FOR SALE

4445 E Colorado St Long Beach, CA 90814

Belmont Heights Neighborhood

Estimated Value: $1,445,000 - $1,519,957

5 Beds
3 Baths
2,800 Sq Ft
$534/Sq Ft Est. Value

Last Sold August 17, 2016

Last sale price $900,000 $321 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $8,911/month

7 Days on Market

Highlights

  • No Units Above
  • Gated Parking
  • Attic
  • Fremont Elementary School Rated A
  • Wood Flooring
  • Granite Countertops

About This Home

As of August 2016

Come see this upgraded turnkey Belmont Heights bungalow just blocks from the Belmont Shores shopping district, beaches, and the Recreation Park 18-hole golf course bordering Colorado Lagoon. Award winning schools are walking distance: Fremont Elementary; Will Rogers Middle; and Wilson High School. This property boasts both a front and back house. The 2800 square feet breaks down as follows: 1600 square foot front house - 600 square foot back house - 400 square foot detached garage. The current back house renter is paying $1,650 per month, and in the past 5 years, there has only been two renters, which is a testament to the livability of this property. Market rate for the front house is $3000-$3200 per month. There is hard wood flooring throughout the front house and wood laminate flooring in the back house. The front yard also has been fully converted to a drought resistant garden, which is one of the most well-designed in the entire community. The property has been recently painted inside and out, and the new redwood fencing, front gate, and backyard decking is almost finished. This income property is priced to sell and ready for its new owners. The current owner will be entertaining offers through next week.

Last Agent to Sell the Property

Danny Weis

D. R. Weis License #01860430 Listed on: 07/19/2016

Last Buyer's Agent

Jean Shapen

Coldwell Banker Realty License #00614080

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 6,099 Sq Ft Lot
  • Property fronts an alley
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • South Facing Home
  • Redwood Fence
  • Water-Smart Landscaping
  • Front Yard Sprinklers
  • Zero Lot Line

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Driveway
  • Gated Parking
  • Off-Street Parking
  • Unassigned Parking

Home Design

  • Bungalow
  • Property Attached
  • Entry on the 1st floor
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,800 Sq Ft Home
  • 1-Story Property
  • Bay Window
  • French Doors
  • Living Room with Fireplace
  • Attic Fan

Kitchen

  • Gas Range
  • Granite Countertops

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Water Heater
  • Sewer Paid
  • Satellite Dish

Additional Features

  • Two Homes on a Lot
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 011 / 003
  • Tax Tract Number 7250
  • Assessor Parcel Number 7250003011

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Cable TV Expense $100
  • Electric Expense $130
  • Gardener Expense $100
  • Insurance Expense $100
  • New Taxes Expense $8,910
  • Gross Income $55,800
  • Net Operating Income $40,290

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 5.10
  • Inclusions: Stoves, Dish Washers, Built-in Microwave
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Subdivision Name Other: Belmont Heights (BH)
  • View: No
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 100.00
  • Parcel Number: 7250003011
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Attic Fan, Granite Counters
  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Flooring: Stone, Wood
  • Appliances: Yes
  • Door Features: French Doors
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 321.43
  • Room Type: Attic, All Bedrooms Down, Living Room
  • Window Features: Bay Window(s)

Exterior Features

  • Direction Faces: South
  • Foundation: Slab
  • Other Structures: Two On A Lot
  • Exterior Features: Satellite Dish
  • Fencing: Redwood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Direct Garage Access, Garage, Gated, Off Street, Unassigned
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks, Urban

Green Features

  • Green Water Conservation: Water-Smart Landscaping

Lot Info

  • Land Lease: No
  • Lot Features: Landscaped, Sprinklers In Front, Zero Lot Line
  • Lot Size: 6,099
  • Lot Size Sq Ft: 6099.00
  • Price Per Lot Square Foot: 147.57

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average2 Bed Area: 600
  • Average3 Bed Area: 1600
  • Cable TV Expense: 100.00
  • Electric Expense: 130.00
  • Gross Income: 55800.00
  • Gross Multiplier: 14.32
  • Gross Scheduled Income: 55800.00
  • Insurance Expense: 100.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 40290.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Operating Expense: 15510.00
  • Operating Expense Percent: 100.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8910.00
  • Tax Block: 003
  • Tax Lot: 011
  • Tax Tract Number: 7250

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2016
Closed on
Aug 2, 2016
Sold by
Samreth Dany
Bought by
Joyce Richard P and Richard P Joyce Family Trust
Seller's Agent
Danny Weis
D. R. Weis
Buyer's Agent
Jean Shapen
Coldwell Banker Realty
List Price
$825,000
Sold Price
$900,000
Premium/Discount to List
$75,000
9.09%
Current Estimated Value
$1,494,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$594,489
Avg. Annual Appreciation
5.55%

Purchase Details

Closed on
May 19, 2011
Sold by
Redband Investments I Llc
Bought by
Samreth Dany

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$611,050
Interest Rate
3.3%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 17, 2010
Sold by
Aurora Loan Services Llc
Bought by
Redband Investments I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,200
Interest Rate
4.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 13, 2010
Sold by
Nicholson Jerry and Nicholson Margaret
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Dec 15, 2005
Sold by
Nicholson Jerry
Bought by
Nicholson Margie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Joyce Richard P $900,000 First American Title
Samreth Dany $655,000 Lawyers Title
Redband Investments I Llc $423,000 Lsi Title Company Ca
Aurora Loan Services Llc $556,063 Accommodation
Nicholson Margie -- Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Samreth Dany $611,050
Previous Owner Redband Investments I Llc $278,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2016 08/17/16 Sold $900,000 +9.1% $321 / Sq Ft
07/26/2016 07/26/16 Pending -- -- --
07/19/2016 07/19/16 For Sale $825,000 -- $295 / 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 $13,244 $1,044,521 $731,166 $313,355
2024 $13,244 $1,024,041 $716,830 $307,211
2023 $13,025 $1,003,963 $702,775 $301,188
2022 $12,224 $984,279 $688,996 $295,283
2021 $11,987 $964,981 $675,487 $289,494
2020 $11,956 $955,087 $668,561 $286,526
2019 $11,817 $936,360 $655,452 $280,908
2018 $11,452 $918,000 $642,600 $275,400
2016 $8,528 $708,879 $497,839 $211,040
2015 $8,183 $698,231 $490,361 $207,870
2014 $8,125 $684,555 $480,756 $203,799
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Danny Weis

    D. R. Weis

  • Jean Shapen

    Buyer's Agent in 2016

    Jean Shapen

    Coldwell Banker Realty

    (562) 209-0743

    14 Total Sales

    Jean Shapen
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16158994

California Regional Multiple Listing Service (CRMLS)

APN: 7250-003-011

California Los Angeles County Long Beach 90814 Belmont Heights

4445 E Colorado St, Long Beach, CA

Not Listed for Sale

MultiFamily

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