NOT LISTED FOR SALE

4937 E Colorado St Long Beach, CA 90814

Belmont Heights Neighborhood

Estimated Value: $1,656,000 - $2,266,075

6 Beds
4 Baths
3,595 Sq Ft
$553/Sq Ft Est. Value

Last Sold March 20, 2020

Last sale price $1,349,000 $375 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $12,392/month

45 Days on Market

Highlights

  • Water Views
  • Golf Course Community
  • Private Yard
  • Lowell Elementary School Rated A-
  • Property is near a park
  • 3-minute walk to Colorado Lagoon

About This Home

As of March 2020

Charming Belmont Heights Duplex in ideal location. Original home, built in 1923, is 1,257 square feet with three bedrooms and one bath. Eat in kitchen and bathroom have been recently updated with new cabinetry, plumbing, fixtures and new laminate vinyl flooring. Home also has a basement below with washer/dryer hook ups, storage and attached two car garage. Move in ready.
Rear home boasts a lovely view of the Colorado lagoon, golf course and San Gabriel mountains. Two story main house was built in 1988 and has 2,338 square feet of living space with two ground level bedrooms, full bath, it's own separate entrance, and grass area in back. Upstairs is main living area with open layout and enormous master bedroom with en-suite full bathroom. Gas fireplace, with beautiful oak built ins, separates family/dining area and living room. The beautiful kitchen boasts granite counters and back splash with oak cabinetry. Laundry area and guest bath are are also included on this floor. Central Heat and Air conditioning throughout. Attached is 2nd two car garage.

Last Agent to Sell the Property

Leslie Blakely

First Team Real Estate License #01355100 Listed on: 12/18/2019

First Team Real Estate

Last Buyer's Agent

Nina Jewell

Coldwell Banker Realty License #01281645

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,617

Year Built

  • Built in 1923

Lot Details

  • 6,448 Sq Ft Lot
  • No Common Walls
  • Sprinklers on Timer
  • Private Yard
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Garage Door Opener
  • Driveway
  • On-Street Parking

Property Views

  • Water
  • Golf Course
  • Mountain
  • Park or Greenbelt

Home Design

  • Duplex
  • Flat Roof Shape

Interior Spaces

  • 3,595 Sq Ft Home
  • 1-Story Property
  • Awning
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, trash collection
  • Tax Lot 215
  • Tax Tract Number 5500
  • Assessor Parcel Number 7250022037

Community Details

Overview

  • 2 Units

Recreation

  • Golf Course Community
  • Park
  • Water Sports
  • Hiking Trails
  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,600
  • Trash Expense $540
  • Water Sewer Expense $640
  • New Taxes Expense $16,863
  • Operating Expense $19,643

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,617

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Belmont Heights (BH)
  • View: Yes
  • Water Sewer Expenses: 640.00
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7250022037
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Entry Location: Front door
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One, Two
  • Price Per Square Foot: 375.24

Exterior Features

  • Exterior Features: Awning(s)
  • View: Golf Course, Mountain(s), Park/Greenbelt, Water
  • Pool Private: No
  • Roof: Flat

Garage/Parking

  • Garage Spaces: 4.00
  • Parking Features: Driveway, Garage, Garage Door Opener, Street
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Golf, Hiking, Park, Watersports, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Park Nearby, Sprinklers Timer, Yard
  • Lot Size Sq Ft: 6448.00
  • Lot Size Acres: 0.1480

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer, Trash Collection

Multi Family

  • Insurance Expense: 1600.00
  • Lot Size Area: 6448.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Number With Drapes: 2
  • Rent Control: No
  • Total Expenses: 19643.00

Tax Info

  • New Taxes Expense: 16863.00
  • Tax Census Tract: 5776.03
  • Tax Lot: 215
  • Tax Tract Number: 05500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2019
Closed on
Feb 5, 2020
Sold by
Rafferty Judy Rae
Bought by
Elliott James B and Elliott Susan E
Seller's Agent
Leslie Blakely
First Team Real Estate
Buyer's Agent
Nina Jewell
Coldwell Banker Realty
List Price
$1,349,000
Sold Price
$1,349,000
Current Estimated Value
$1,989,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$640,769
Avg. Annual Appreciation
7.43%
Original Mortgage
$535,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2003
Sold by
Barber Michael
Bought by
Rafferty Judy Rae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
3.64%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 23, 1996
Sold by
Laforge Michaele
Bought by
Barber Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,650
Interest Rate
6.6%

Purchase Details

Closed on
May 5, 1994
Sold by
Emc Mtg Corp
Bought by
Laforge Michaele and Bartlett Kerry F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,500
Interest Rate
5.25%

Purchase Details

Closed on
Jan 3, 1994
Sold by
Great Western Bank Fsb
Bought by
Emc Mtg Corp
Source: Public Records

Range of Values:

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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
Elliott James B $1,349,000 Western Resources Title Co
Rafferty Judy Rae $935,000 Lawyers Title
Barber Michael $373,000 Fidelity Title
Laforge Michaele $355,000 Fidelity National Title Ins
Emc Mtg Corp $249,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elliott James B $565,250
Closed Elliott James B $535,000
Previous Owner Rafferty Judy Rae $270,000
Previous Owner Rafferty Judy Rae $302,000
Previous Owner Rafferty Judy Rae $342,000
Previous Owner Rafferty Judy Rae $650,000
Previous Owner Barber Michael $265,000
Previous Owner Barber Michael $279,650
Previous Owner Laforge Michaele $319,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2020 03/20/20 Sold $1,349,000 0.0% $375 / Sq Ft
02/01/2020 02/01/20 Pending -- -- --
12/18/2019 12/18/19 For Sale $1,349,000 -- $375 / 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 $18,617 $1,475,323 $962,405 $512,918
2024 $18,617 $1,446,396 $943,535 $502,861
2023 $18,312 $1,418,036 $925,035 $493,001
2022 $17,185 $1,390,233 $906,898 $483,335
2021 $16,849 $1,362,974 $889,116 $473,858
2020 $15,119 $1,215,533 $683,821 $531,712
2019 $14,942 $1,191,700 $670,413 $521,287
2018 $14,478 $1,168,334 $657,268 $511,066
2016 $13,300 $1,122,969 $631,747 $491,222
2015 $12,758 $1,106,102 $622,258 $483,844
2014 $12,658 $1,084,436 $610,069 $474,367
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Leslie Blakely

    First Team Real Estate

    Section Image

  • N

    Buyer's Agent in 2020

    Nina Jewell

    Coldwell Banker Realty

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19283147

California Regional Multiple Listing Service (CRMLS)

APN: 7250-022-037

California Los Angeles County Long Beach 90814 Belmont Heights

4937 E Colorado St, Long Beach, CA

This home is located at 4937 E Colorado St, Long Beach, CA 90814 since 18 December 2019 and is currently estimated at $1,989,769, approximately $553 per square foot. This property was built in 1923. 4937 E Colorado St is a home located in Los Angeles County with nearby schools including Lowell Elementary School, Rogers Middle School, and Woodrow Wilson High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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