NOT LISTED FOR SALE

Estimated Value: $1,417,000 - $1,755,319

6 Beds
4 Baths
2,654 Sq Ft
$616/Sq Ft Est. Value

Last Sold October 21, 2024

Last sale price $1,680,000 $633 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $10,220/month

20 Days on Market

Highlights

  • Golf Course Community
  • Fishing
  • Bike Trail
  • Fremont Elementary School Rated A
  • Laundry Room

About This Home

As of October 2024

Location, Location, Location!!! Welcome to Belmont Heights one of Long Beaches Premier Neighborhoods. Walking distance to everything Belmont Shore has to offer including fine dining, sandy beaches, watersports galore. The Tri plex features an owners unit, privately fenced perfect for owner occupied buyers looking to collect income while living in one unit. The property has lush green landscaping making it a serene and peaceful. Each unit has 2 bedrooms! Local schools are within walking distance. If your looking to obtain your dream of homeownership in Belmont Heights while collecting rent from 2 units look no further. Owner had considered building an ADU and has already submitted plans for approval with the City Of Long Beach. The proposed unit would be a 3 bedrooms and a great addition to the property. Owners unit house is owner occupied now. Top unit is rented out and bottom unit is currently being remodeled including new kitchen and new bath. All 3 units have laundry in the unit. Down the street from Colorado Lagoon. This property is a must see!

Last Agent to Sell the Property

Michael Torres

On The Move Realty Brokerage Phone: 5627737099 License #01469202 Listed on: 09/11/2024

Co-Listed By

cilka israel

On The Move Realty Brokerage Phone: 5627737099 License #01907458

Last Buyer's Agent

Michael Roland

Coldwell Banker Realty License #01023175

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 6,137 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,654 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 10
  • Tax Tract Number 577
  • Assessor Parcel Number 7250001009
  • $689 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Belmont Heights Subdivision

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Water Sports
  • Bike Trail

Building Details

  • 1 Leased Unit
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,700
  • Trash Expense $420
  • Water Sewer Expense $840
  • Operating Expense $3,960
  • Net Operating Income $23,640

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Belmont Heights (BH)
  • Water Sewer Expenses: 840.00
  • Zoning: LBR3T
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7250001009
  • Year Built: 1919
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 633.01

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 420.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Fishing, Golf, Park, Watersports, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6137.00
  • Lot Size Acres: 0.1409

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 27600.00
  • Insurance Expense: 2700.00
  • Lot Size Area: 6137.0000 Square Feet
  • Net Operating Income: 23640.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Operating Expense: 3960.00
  • Rent Control: Yes
  • Total Actual Rent: 2300.00
  • Total Expenses: 3960.00

Tax Info

  • Tax Census Tract: 5776.06
  • Tax Lot: 10
  • Tax Tract Number: 577...
  • TaxOtherAnnualAssessmentAmount: 689.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2024
Closed on
Oct 7, 2024
Sold by
Chen Zheng Yi and Run Zhang Jing
Bought by
Becker Family Revocable Trust and Becker
Seller's Agent
Michael Torres
On The Move Realty
Buyer's Agent
Michael Roland
Coldwell Banker Realty
List Price
$1,699,000
Sold Price
$1,680,000
Premium/Discount to List
-$19,000
-1.12%
Views
113
Current Estimated Value
$1,634,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$45,420
Avg. Annual Appreciation
-2.30%
Original Mortgage
$180,000
Outstanding Balance
$178,108
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$1,456,472

Purchase Details

Listed on
Sep 24, 2022
Closed on
Oct 4, 2022
Sold by
Kohl Michael S
Bought by
Zheng Yi Chen and Zhang Jing Run
Seller's Agent
Carleton Carlson
Re/Max R. E. Specialists
Buyer's Agent
Michael Torres
On The Move Realty
List Price
$1,495,000
Sold Price
$1,515,000
Premium/Discount to List
$20,000
1.34%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.36%
Original Mortgage
$1,196,850
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2007
Sold by
Merrill Lynch Bank & Trust Co Fsb
Bought by
Kohl Michael S and Warden Steven D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2003
Sold by
Gates T Scott and Hobbs Gates Cara
Bought by
Mcmillan Robert L and Robert L Mcmillan Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,300
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 2001
Sold by
Gates T Scott
Bought by
Gates T Scott and Hobbs Gates Cara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
6.98%

Purchase Details

Closed on
Aug 27, 1997
Sold by
Braun William H and Braun Norma L
Bought by
Gates T Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,860
Interest Rate
7.36%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 31, 1997
Sold by
Braun William H
Bought by
Braun William H and Braun Norma L
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
Becker Family Revocable Trust $1,680,000 Chicago Title Company
Zheng Yi Chen $1,515,000 Fidelity National Title
Kohl Michael S $825,000 Fidelity National Title Co
Mcmillan Robert L $675,000 Gateway Title Company
Gates T Scott -- American Coast Title
Gates T Scott $229,000 Guardian Title Company
Braun William H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Becker Family Revocable Trust $180,000
Previous Owner Zheng Yi Chen $1,196,850
Previous Owner Kohl Michael S $475,000
Previous Owner Mcmillan Robert L $499,300
Previous Owner Gates T Scott $270,000
Previous Owner Gates T Scott $220,860
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/21/2024 10/21/24 Sold $1,680,000 -1.1% $633 / Sq Ft
09/11/2024 09/11/24 For Sale $1,699,000 0.0% $640 / Sq Ft
01/31/2023 01/31/23 Rented $2,700 0.0% --
01/06/2023 01/06/23 For Rent $2,700 0.0% --
10/31/2022 10/31/22 Sold $1,515,000 +1.3% $571 / Sq Ft View Prior Sale
09/30/2022 09/30/22 Pending -- -- --
09/24/2022 09/24/22 For Sale $1,495,000 -- $563 / 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 $19,870 $1,680,000 $1,100,000 $580,000
2024 $19,870 $1,545,300 $1,004,700 $540,600
2023 $13,908 $1,062,393 $746,898 $315,495
2022 $13,055 $1,041,562 $732,253 $309,309
2021 $12,796 $1,021,141 $717,896 $303,245
2020 $12,763 $1,010,671 $710,535 $300,136
2019 $12,614 $990,854 $696,603 $294,251
2018 $12,252 $971,427 $682,945 $288,482
2016 $11,270 $933,707 $656,426 $277,281
2015 $10,594 $900,000 $630,000 $270,000
2014 $10,153 $850,000 $595,000 $255,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24186205

California Regional Multiple Listing Service (CRMLS)

APN: 7250-001-009