NOT LISTED FOR SALE

48 Saint Joseph Ave Long Beach, CA 90803

Belmont Shore Neighborhood

Estimated Value: $1,934,000 - $2,036,545

4 Beds
2 Baths
1,903 Sq Ft
$1,053/Sq Ft Est. Value

Last Sold May 31, 2017

Last sale price $1,275,000 $670 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $12,266/month

1 Day on Market

Highlights

  • Ocean View
  • Open Floorplan
  • Tudor Architecture
  • Lowell Elementary School Rated A-
  • Bamboo Flooring
  • Living Room with Attached Deck

About This Home

As of May 2017

This beautiful Duplex is conveniently located in Beautiful Belmont Shore just steps to the ocean and a short stroll to 2nd St. for fabulous dining, entertainment and shopping. Perfect for the Owner Occupant who wants income. Each unit consists of 2Bd, 1Ba, large closet space in each bedroom, tiled floors in baths and ceiling fans. The downstairs unit has direct access to a large front patio. Kitchen has a stainless steel sink, recessed lighting, fan, plenty of cabinets, pantry space, storage closet and a slider door to let in the fresh salty air. Gorgeous Bamboo flooring throughout kitchen, living, dining and hallway. Living room is bright and airy and has plantation shutters. Bathroom has been remodeled and includes tiled shower with dual shower heads, glass door and granite counter. Upstairs unit has its own private rooftop deck. Master bd. has a French slider door with new awning that opens up to deck allowing the gentle ocean breeze. Spacious living and formal dining room with Dutch door that opens to a deck with a peek-a-boo ocean view. Additional closet space in living rm. Each unit comes with its own washer & dryer located in the over sized 3 car garage with additional parking behind. Garage offers additional storage. Pride of ownership & meticulously maintained. Don't miss this opportunity to acquire a pristine income producing property in one of the most desirable beach neighborhoods in Southern California.

Last Agent to Sell the Property

Susan Nicholson

Coldwell Banker Realty License #01814690 Listed on: 04/25/2017

Coldwell Banker Realty

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979 | Remodeled

Lot Details

  • 3,060 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Landscaped
  • Front Yard

Parking

  • 3 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage
  • Tandem Uncovered Parking
  • Garage Door Opener
  • Parking Lot

Property Views

  • Ocean
  • City Lights
  • Peek-A-Boo

Home Design

  • Tudor Architecture
  • Turnkey

Interior Spaces

  • 1,903 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Awning
  • Living Room with Attached Deck
  • Center Hall
  • Termite Clearance

Kitchen

  • Galley Kitchen
  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Bamboo
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 7
  • Tax Tract Number 3750
  • Assessor Parcel Number 7247020007

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,152
  • Other Expense $4,116
  • Water Sewer Expense $600
  • New Taxes Expense $10,479
  • Operating Expense $20,000
  • Net Operating Income $29,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1979 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Inclusions: washer/dryer/refrig/stove
  • Property Attached: No
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: Yes
  • Water Sewer Expenses: 600.00
  • Zoning: LBR2S
  • Architectural Style: Tudor
  • Property Condition: Termite Clearance, Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 7247020007
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Living Room Deck Attached, Open Floorplan, Pantry
  • Common Walls: No Common Walls
  • Flooring: Bamboo, Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 669.99
  • Room Type: Center Hall, Galley Kitchen, Living Room

Exterior Features

  • Exterior Features: Awning(s), Rain Gutters
  • View: City Lights, Ocean, Peek-A-Boo
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Rear, Garage Door Opener, Oversized, Parking Space, Tandem Uncovered
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Cooktop, Gas Water Heater, Refrigerator, Vented Exhaust Fan
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped
  • Lot Size Sq Ft: 3060.00
  • Lot Size Acres: 0.0702

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Scheduled Income: 49200.00
  • Insurance Expense: 3152.00
  • Lot Size Area: 3060.0000 Square Feet
  • Net Operating Income: 29200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 20000.00
  • Other Expense: 4116.00
  • Other Expense Description: flood
  • Rent Control: No
  • Total Actual Rent: 4100.00
  • Total Expenses: 20000.00

Tax Info

  • New Taxes Expense: 10479.00
  • Tax Census Tract: 5773.00
  • Tax Lot: 7
  • Tax Tract Number: 3750

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2017
Closed on
May 1, 2017
Sold by
Lhle Holly and The Macys Family Trust
Bought by
48 St Joseph Llc
Seller's Agent
Susan Nicholson
Coldwell Banker Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$1,299,000
Sold Price
$1,275,000
Premium/Discount to List
-$24,000
-1.85%
Current Estimated Value
$2,004,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$729,636
Avg. Annual Appreciation
5.42%

Purchase Details

Closed on
Sep 19, 2012
Sold by
Ihle Ralph and Ihle Holly
Bought by
Ihle Holly and The Macys Family Trust

Purchase Details

Closed on
Nov 28, 2011
Sold by
Ihle Holly and The Macys Family Trust
Bought by
Ihle Ralph and Ihle Holly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,170
Interest Rate
4.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 2003
Sold by
Ihle Ralph and Ihle Holly
Bought by
Ihle Holly and Macys Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 29, 2003
Sold by
Zinn Andrew and Zinn Catherine M
Bought by
Ihle Ralph and Ihle Holly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 9, 2001
Sold by
Zinn Andrew and Zinn Donald A
Bought by
Zinn Andrew and Zinn Catherine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,950
Interest Rate
6.98%

Purchase Details

Closed on
Apr 6, 1999
Sold by
Zinn Margaret M
Bought by
Zinn Donald A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,100
Interest Rate
6.98%

Purchase Details

Closed on
Mar 9, 1999
Sold by
Trust Fill Walter A Jr Tr Walter A Fill
Bought by
Zinn Andrew and Zinn Donald A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,100
Interest Rate
6.98%
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
48 St Joseph Llc $1,275,000 Ticor Title Company Of Ca
Ihle Holly -- None Available
Ihle Ralph -- First American Title Company
Ihle Holly -- --
Ihle Ralph $815,000 First American Title Co
Zinn Andrew -- Fidelity National Title Co
Zinn Donald A -- Fidelity National Title Ins
Zinn Andrew $395,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ihle Ralph $286,170
Previous Owner Ihle Ralph $315,000
Previous Owner Zinn Andrew $351,950
Previous Owner Zinn Andrew $307,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2017 05/31/17 Sold $1,275,000 -1.8% $670 / Sq Ft
04/26/2017 04/26/17 Pending -- -- --
04/25/2017 04/25/17 For Sale $1,299,000 -- $683 / 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 $21,160 $1,696,285 $1,160,584 $535,701
2024 $21,160 $1,663,026 $1,137,828 $525,198
2023 $20,812 $1,630,418 $1,115,518 $514,900
2022 $19,518 $1,598,450 $1,093,646 $504,804
2021 $19,144 $1,567,108 $1,072,202 $494,906
2019 $16,471 $1,327,050 $1,040,400 $286,650
2018 $16,052 $1,301,040 $1,020,000 $281,040
2016 $10,480 $878,998 $670,951 $208,047
2015 $10,053 $865,795 $660,873 $204,922
2014 $9,977 $848,836 $647,928 $200,908
Source: Public Records

Agents Affiliated with this Home

  • Susan Nicholson

    Seller's Agent in 2017

    Susan Nicholson

    Coldwell Banker Realty

    (406) 885-9026

    22 Total Sales

    Susan Nicholson
    Section Image

  • N

    Buyer's Agent in 2017

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    6,176 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17087666

California Regional Multiple Listing Service (CRMLS)

APN: 7247-020-007

California Los Angeles County Long Beach 90803 Belmont Shore

48 Saint Joseph Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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