NOT LISTED FOR SALE

Estimated Value: $1,558,000 - $1,991,225

3 Beds
2 Baths
2,976 Sq Ft
$571/Sq Ft Est. Value

Last Sold August 24, 2022

Last sale price $1,500,000 $504 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $10,511/month

20 Days on Market

Highlights

  • Water Views
  • Home fronts a lagoon or estuary
  • No HOA
  • Lowell Elementary School Rated A-
  • Property is near public transit
  • 5-minute walk to Colorado Lagoon

About This Home

As of August 2022

PRICED BELOW APPRAISED VALUE! Opportunity awaits in BELMONT HEIGHTS! Rare duplex with an outstanding location near the lagoon and ocean. Each unit has three bedrooms and two bathrooms and feels like its own single-family home. Both have great layouts with large living areas. With this square footage and unique footprint, the possibilities for improvement are tremendous and would enhance the value and income potential. A highly desirable three-car garage adds even more value. The duplex is being sold as-is and the price reflects the condition but also presents a once-in-a-lifetime chance to create your own trophy property in this iconic neighborhood offering the best of Long Beach including Marine Stadium Park, Colorado Lagoon, water recreation, parks, golf courses, weekly local farmer's markets, and upscale shops and restaurants. ADDRESS IS 4825 AND 4827 E TRIMBLE COURT PER FIRST AMERICAN TITLE 8/11/2022

Last Agent to Sell the Property

Kathryn Werner

Pinnacle Estate Properties, Inc. License #01186577 Listed on: 07/09/2022

Pinnacle Estate Properties, Inc.

Last Buyer's Agent

Sandra Guevara

Keller Williams Palos Verdes License #01305283

Keller Williams Palos Verdes

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 5,191 Sq Ft Lot
  • Home fronts a lagoon or estuary
  • 1 Common Wall

Parking

  • 3 Car Garage
  • Parking Available
  • Front Facing Garage
  • Three Garage Doors

Property Views

  • Water
  • Peek-A-Boo
  • Neighborhood

Home Design

  • Duplex

Interior Spaces

  • 2,976 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Tile Flooring

Kitchen

  • Galley Kitchen
  • Built-In Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 215
  • Tax Tract Number 5500
  • Assessor Parcel Number 7250022006
  • $516 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Belmont Heights Subdivision
  • Property is near a preserve or public land

Recreation

  • Dog Park
  • Water Sports
  • Bike Trail

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,500
  • Operating Expense $15,540
  • Gross Income $47,784
  • Net Operating Income $32,244

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Belmont Heights (BH)
  • View: Yes
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7250022006
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 504.03
  • Room Type: Galley Kitchen, Kitchen

Exterior Features

  • View: Neighborhood, Peek-A-Boo, Water
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage, Garage Faces Front, Garage - Three Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Water Heater
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Watersports, Preserve/Public Land, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 5191.00
  • Lot Size Acres: 0.1192

Multi Family

  • Average3 Bed Area: 1480 Square Feet
  • Gross Income: 47784.00
  • Gross Scheduled Income: 47784.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 5191.0000 Square Feet
  • Net Operating Income: 32244.00
  • 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 Patio: 1
  • Number With Range: 2
  • Operating Expense: 15540.00
  • Rent Control: Yes
  • Total Actual Rent: 3982.00
  • Total Expenses: 15540.00
  • Waterfront Features: Lagoon

Tax Info

  • Tax Area: 5500
  • Tax Census Tract: 5776.06
  • Tax Lot: 215
  • Tax Tract Number: 05500
  • TaxOtherAnnualAssessmentAmount: 516.28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2022
Closed on
Aug 11, 2022
Sold by
Rehklau Peter R
Bought by
Aragon Pondicherry Trust
Seller's Agent
Kathryn Werner
Pinnacle Estate Properties, Inc.
Buyer's Agent
Sandra Guevara
Keller Williams Palos Verdes
List Price
$1,425,000
Sold Price
$1,500,000
Premium/Discount to List
$75,000
5.26%
Views
2
Current Estimated Value
$1,700,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,056
Avg. Annual Appreciation
3.82%
Original Mortgage
$1,200,000
Outstanding Balance
$1,145,707
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$554,349

Purchase Details

Closed on
Apr 28, 2021
Sold by
Doris T White Revocable Trust
Bought by
Rehklau Peter R and Rehklau John M

Purchase Details

Closed on
Apr 19, 2012
Sold by
White Doris T
Bought by
White Doris T and Doris T White Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Aragon Pondicherry Trust $1,500,000 First American Title Company O
Rehklau Peter R -- Callister Broberg & Becker
White Doris T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aragon Pondicherry Trust $1,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2022 08/24/22 Sold $1,500,000 +5.3% $504 / Sq Ft
07/09/2022 07/09/22 For Sale $1,425,000 -- $479 / 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 $19,556 $1,560,600 $1,014,390 $546,210
2024 $19,556 $1,530,000 $994,500 $535,500
2023 $19,235 $1,500,000 $975,000 $525,000
2022 $15,752 $1,277,901 $829,605 $448,296
2021 $1,976 $122,027 $47,085 $74,942
2020 $1,970 $120,777 $46,603 $74,174
2019 $1,949 $118,410 $45,690 $72,720
2018 $1,819 $116,090 $44,795 $71,295
2016 $1,655 $111,584 $43,056 $68,528
2015 $1,598 $109,909 $42,410 $67,499
2014 $1,600 $107,757 $41,580 $66,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22145630

California Regional Multiple Listing Service (CRMLS)

APN: 7250-022-006